NOT LISTED FOR SALE

Estimated Value: $417,000 - $966,000

-- Bed
4 Baths
717 Sq Ft
$991/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $790,000 $1,102 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $3,974/month

117 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of April 2021

Very RARE opportunity to own a multi-family property that is brand new without having to fund and wait for construction! This property has two buildings, four units total. Each unit is two bedrooms and one bath with inside laundry in each unit. Quality fixtures, appliances, and other finishes equals higher market rents. Property is almost complete and ready for showings and offers. No need to wait for repairs or to vacate tenants at close, you can start placing your tenants in and cash flowing! Low reserves needed as everything is brand new, plus there is the new construction warranty. Come see all the details that this property has for yourself, you will not be disappointed.

Last Agent to Sell the Property

Richard De Luca

FSR Realty License #BR662326000 Listed on: 11/28/2020

Co-Listed By

Brad Rhodes

FSR Realty License #SA676847000

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $611

Year Built

  • Built in 2020

Lot Details

  • 0.26

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Southwest Elementary School
  • Valley View Middle School
  • South Mountain High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 22
  • Assessor Parcel Number 300-76-022-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 11,147
  • Country Club Villa Subdivision

Building Details

  • Operating Expense $611
  • Gross Income $59,280
  • Net Operating Income $49,109

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$611

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Cross Street: Dobbins Rd & 7th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2020
  • Tax Year: 2020
  • Road Surface Type: Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: fsrr01
  • Co List Office Phone: 602-826-5566
  • Subdivision Name: COUNTRY CLUB VILLA
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Southwest Elementary School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Valley View School

Lot Info

  • Lot Size: 11,147
  • Additional Parcels: No
  • Parcel #: 300-76-022-A

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 59280.0
  • Property Net Operating Income: 49108.92
  • Annual Operating Expense: 611.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 611.0
  • Tax Book Number: 300.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2020
Closed on
May 3, 2021
Sold by
Eban Elad Edwin Tzvi
Bought by
Bird Rock Holdings Llc
Seller's Agent
Richard De Luca
FSR Realty
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$779,999
Sold Price
$790,000
Premium/Discount to List
$10,001
1.28%
Current Estimated Value
$710,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$79,328
Avg. Annual Appreciation
-2.22%
Original Mortgage
$562,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 28, 2020
Closed on
Mar 23, 2021
Sold by
Lacey Richard M
Bought by
Eban Elad Edwin Tzvi
Seller's Agent
Richard De Luca
FSR Realty
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$779,999
Sold Price
$790,000
Premium/Discount to List
$10,001
1.28%

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
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2019
Sold by
Smoudi Salah and Smoudi Jane
Bought by
Lacey Richard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
3.7%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 16, 2018
Sold by
Ramirez Arturo
Bought by
Smoudi Salah and Smoudi Jane

Purchase Details

Closed on
Jan 23, 2018
Sold by
Flash & The Boys Llc
Bought by
Ramirez Arturo

Purchase Details

Closed on
Mar 3, 2009
Sold by
Active Finance Group Llc
Bought by
Flash & The Boys Llc

Purchase Details

Closed on
Jun 28, 2007
Sold by
San Tan Vista Llc
Bought by
Active Finance Group Llc

Purchase Details

Closed on
Jul 5, 2006
Sold by
Metrow Lynn
Bought by
San Tan Vista Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2005
Sold by
Castro Salvador A and Castro Fransica
Bought by
Metrow Lynn

Purchase Details

Closed on
Sep 1, 1995
Sold by
Bertuch Ingeborg S
Bought by
Castro Salvador A and Castro Francisca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
7.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bird Rock Holdings Llc -- None Available
Eban Elad Edwin Tzvi $790,000 Empire West Title Agency Llc
Lacey Richard M $58,000 East Title Agency
Smoudi Salah $47,000 Great American Title Agency
Ramirez Arturo $40,000 First American Title Insuran
Flash & The Boys Llc $30,000 None Available
Active Finance Group Llc $65,000 None Available
San Tan Vista Llc $190,000 Transnation Title Ins Co
Metrow Lynn $100,000 Arizona Title Agency Inc
Castro Salvador A $7,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eban Elad Edwin Tzvi $562,500
Previous Owner Lacey Richard M $30,000
Previous Owner San Tan Vista Llc $125,000
Previous Owner Castro Salvador A $5,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2021 04/09/21 Sold $790,000 -1.3% $1,102 / Sq Ft
04/01/2021 04/01/21 Price Changed $800,000 +2.6% $1,116 / Sq Ft
04/01/2021 04/01/21 For Sale $779,999 0.0% $1,088 / Sq Ft
04/01/2021 04/01/21 Price Changed $779,999 0.0% $1,088 / Sq Ft
03/13/2021 03/13/21 Price Changed $779,999 0.0% $1,088 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
02/15/2021 02/15/21 Pending -- -- --
01/19/2021 01/19/21 For Sale $779,999 0.0% $1,088 / Sq Ft
01/19/2021 01/19/21 Price Changed $779,999 -1.3% $1,088 / Sq Ft
11/29/2020 11/29/20 Off Market $790,000 -- --
10/29/2020 10/29/20 For Sale $749,999 -- $1,046 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $2,997 $19,879 -- --
2024 $2,837 $18,932 -- --
2023 $2,837 $53,350 $10,670 $42,680
2022 $2,780 $25,630 $5,126 $20,504
2021 $3,655 $26,690 $0 $26,690
2020 $611 $5,145 $5,145 $0
2019 $591 $7,575 $7,575 $0
2018 $575 $6,120 $6,120 $0
2017 $548 $5,640 $5,640 $0
2016 $522 $3,240 $3,240 $0
2015 $524 $5,824 $5,824 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6153515

Arizona Regional Multiple Listing Service (ARMLS)

APN: 300-76-022A