NOT LISTED FOR SALE

Estimated Value: $650,000 - $827,000

4 Beds
-- Baths
3,656 Sq Ft
$199/Sq Ft Est. Value

Sale Details

Date Sold: January 6, 2022

Last sale price $750,000 $205 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,128 / mo

8 Days on Market

Highlights

  • 8 Car Attached Garage
  • Ceramic Tile Flooring
  • Landscaped
  • Patio
  • Outdoor Storage
  • Central Air

About This Home

As of January 2022

Stable, well-performing 4-plex in established N. Phx neighborhood close to I-17 freeway, light rail access, GCU, ASU West, and potential redevelopment projects at Metrocenter. Newer stucco building with (1) 3bed/2bath, (3) 2bed/1bath units and 4 garage spots, with a private yard for the main unit. Full renovation to the main 3/2 unit w/modern decor, along with many updates to the remaining 2/1 units. On-site laundry (2 washers/2 dryers) and all units indiv metered for electric (tenant paid). Property is in great condition with over $120k invested in renovations/improvements including new roof, dual-pane windows throughout, and new irrig. system. Main unit is vacant so property could qualify for FHA loan, all other units are MTM. Gross rents around $52000/yr with plenty of room for increase

Last Agent to Sell the Property

Chris Scott

HomeSmart License #SA650343000 Listed on: 11/20/2021

HomeSmart

Last Buyer's Agent

Michael Gordon

Get Multifamily License #BR688636000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,158

Year Built

  • Built in 1974

Lot Details

  • Landscaped

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring
  • Fire and Smoke Detector

Parking

  • 8 Car Attached Garage
  • Garage Door Opener
  • Additional Parking
  • On-Street Parking

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

  • Alta Vista Elementary School
  • Palo Verde Middle School
  • Cortez High School

Utilities

  • Central Air
  • Heat Pump System
  • Separate Meters
  • Natural Gas Not Available
  • Master Water Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer, trash collection, landscaping
  • Tax Lot 42
  • Assessor Parcel Number 150-09-909-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irr 9382
  • Northern Lanai Unit 1 Subdivision

Building Details

  • Operating Expense $11,391
  • Gross Income $50,874
  • Net Operating Income $39,447

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,158

Year Built

Built in 1974

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 35th Ave & Northern Ave
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTHERN LANAI UNIT 1
  • Garage Yn: Yes
  • Tax Parcel Letter: A
  • Const - Finish:Const - Finish: Painted, Stucco
  • Cooling:Cooling: Central Air, Electric, Individual, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: Individual Meter, SRP
  • Sale Includes:Sale Includes: Land & Building, Personal Property, Laundry Equipment
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer
  • Interior Features:Interior Features: Unfurnished, Fire/Smoke Alarm(s), Mini Blinds

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: Seller Prop Disc Stm, Sch of Personal Prop
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition
  • Exterior Amenities: Sidewalk(s), Landscape Water System, Green Landscaping, Cable TV Available, Patio/Balcony, Separate Storage

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, On Street, >1 Space Per Unit, Attached, Garage Door Opener
  • Attached Garage: Yes
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • Parking Features:Parking Features: Garage, Paved, On Street, >1 Space Per Unit, Attached, Garage Door Opener, Add'l Parking Avail

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central Air, Electric, Varies by Unit, Ceiling Fan(s)
  • Heating: Electric, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 3634.0

Schools

  • Elementary School: Alta Vista Elementary School
  • High School: Cortez High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Palo Verde Middle School

Lot Info

  • Lot Size: Irr 9382
  • Additional Parcels: No
  • Parcel #: 150-09-909-A

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 50873.76
  • Insurance Expense: 1292.0
  • Maintenance Expense: 2007.0
  • Property Net Operating Income: 39447.0
  • Annual Operating Expense: 11391.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 2158.0
  • Tax Lot: 42

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2021
Closed on
Jan 5, 2022
Sold by
Garima Kakani
Bought by
Seller's Agent
Chris Scott
HomeSmart
Buyer's Agent
Michael Gordon
Get Multifamily
List Price
$700,000
Sold Price
$750,000
Premium/Discount to List
$50,000
7.14%
Current Estimated Value
$712,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,049
Avg. Annual Appreciation
-0.67%
Original Mortgage
$562,500
Outstanding Balance
$507,757
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$218,989

Purchase Details

Listed on
Nov 20, 2021
Closed on
Dec 17, 2021
Sold by
Eric Valente Kevin
Bought by
Kakani Garima
Seller's Agent
Chris Scott
HomeSmart
Buyer's Agent
Michael Gordon
Get Multifamily
List Price
$700,000
Sold Price
$750,000
Premium/Discount to List
$50,000
7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Outstanding Balance
$507,757
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$218,989

Purchase Details

Closed on
May 1, 2018
Sold by
Tanner Dallas
Bought by
Valente Kevin Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2015
Sold by
County Of Maricopa
Bought by
State Of Arizona

Purchase Details

Closed on
Jun 19, 2012
Sold by
Tanner Krista
Bought by
Tanner Dallas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2011
Sold by
Denegal Marc S
Bought by
Tanner Dallas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,300
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2005
Sold by
Clifton James M and Clifton Diane G
Bought by
Denegal Marc S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,600
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2003
Sold by
Tseng Chaoming J and Tseng Anna L
Bought by
Clifton James M and Clifton Diane G

Purchase Details

Closed on
Aug 9, 2002
Sold by
Filip Ioan and Filip Daniela
Bought by
Tseng Chaoming J and Tseng Anna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,375
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2000
Sold by
Allen Theodore Oscar
Bought by
Filip Ioan and Filip Daniela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,201
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2000
Sold by
Allen Theodore Oscar
Bought by
Filip Ioan and Filip Daniela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,201
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 1996
Sold by
Carpe Diem International Inc and Rahm Michael
Bought by
Allen Theodore Oscar

Purchase Details

Closed on
Apr 20, 1993
Sold by
Furr J Allen and Furr Shirley E
Bought by
Carpe Diem International Inc and Rahm Michael
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in North Mountain Village, AZ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
Kakani Garima $750,000 American Title Services
Valente Kevin Eric $299,000 Magnus Title Agency
State Of Arizona -- None Available
Tanner Dallas -- Magnus Title Agency
Tanner Dallas $111,300 None Available
Denegal Marc S $369,500 Arizona Title Agency Inc
Clifton James M $260,000 Lawyers Title Insurance Corp
Tseng Chaoming J $248,500 Capital Title Agency Inc
Filip Ioan $220,000 American Title Insurance
Filip Ioan $220,000 American Title Insurance
Allen Theodore Oscar $134,000 Security Title Agency
Carpe Diem International Inc -- Security Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $562,500
Previous Owner Valente Kevin Eric $239,200
Previous Owner Tanner Dallas $93,750
Previous Owner Tanner Dallas $111,300
Previous Owner Denegal Marc S $291,600
Previous Owner Tseng Chaoming J $186,375
Previous Owner Filip Ioan $218,201
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/06/2022 01/06/22 Sold $750,000 0.0% $205 / Sq Ft
11/29/2021 11/29/21 Price Changed $750,000 +7.1% $205 / Sq Ft
11/28/2021 11/28/21 Pending -- -- --
11/20/2021 11/20/21 For Sale $700,000 -- $191 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,331 $18,344
2024 $2,203 $17,470
2023 $2,203 $43,250 $8,650 $34,600
2022 $2,131 $31,250 $6,250 $25,000
2021 $2,158 $29,650 $5,930 $23,720
2020 $2,105 $28,210 $5,640 $22,570
2019 $2,066 $23,330 $4,660 $18,670
2018 $2,012 $21,180 $4,230 $16,950
2017 $2,002 $18,370 $3,670 $14,700
2016 $1,965 $16,500 $3,300 $13,200
2015 $1,820 $16,520 $3,300 $13,220
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6323730

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-909A

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