NOT LISTED FOR SALE

Estimated Value: $482,056 - $766,000

-- Bed
-- Bath
3,656 Sq Ft
$185/Sq Ft Est. Value

Last Sold October 27, 2014

Last sale price $215,000 $59 Per Sq Ft

Est. 214% increase in value since last sale

Current estimated payment $3,836/month

249 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Heating Available
  • 8 Car Attached Garage
  • Ceramic Tile Flooring

About This Home

As of October 2014

FULLY OCCUPIED BUILDING! $30k in upgrades and renovations! This unit is perfect for the owner occupant who wants rents to cover expenses, as it will qualify for FHA financing. Complex feels like a subdivision, as it has large grassy areas & a community pool. Excellent rental potential with a large 3 bed/2 bath unit complete with a fireplace plus three 2 bed/1 bath units. Downstairs units feature a patio & upstairs units share a balcony. 4 attached garage spaces contained within two 2 car garages plus 4 additional uncovered spots. Grocery next door & neighborhood served by good schools - Alta Vista Elementary (Performing Plus), Palo Verde Middle (Performing), and Cortez High (Highly Performing). Drive by only, appt required. Buyer to verify all.

Last Agent to Sell the Property

Rebecca Nystrom

Nystrom Realty License #BR547074000 Listed on: 01/07/2014

Last Buyer's Agent

Mark Wyant

Real Broker License #SA651615000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,565

Year Built

  • Built in 1974

Lot Details

  • 8,276

Parking

  • 8 Car Attached Garage

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Tax Lot 33
  • Assessor Parcel Number 150-09-900

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Northern Lanai Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $10,785

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,565

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Northern and 35 Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2013
  • Directions: East on Northern to 33 Ave, North to Royal Palm , West to 33 Dr
  • Road Surface Type: Asphalt
  • Subdivision Name: Northern Lanai
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, Attached, >1 Space Per Unit
  • Attached Garage: Yes
  • 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
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

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 School

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 150-09-900

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 1300.0
  • Maintenance Expense: 1500.0
  • Annual Operating Expense: 10784.64

Tax Info

  • Tax Annual Amount: 1564.64
  • Tax Book Number: 150.00
  • Tax Lot: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2016
Sold by
Vesekaterie Rental Solutions Llc
Bought by
Dotcheva Alexandra
Current Estimated Value
$675,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,570
Outstanding Balance
$167,919
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$531,338

Purchase Details

Closed on
Jul 21, 2015
Sold by
Dotcheva Alexandra V
Bought by
Vesekaterie Rental Solutions Llc

Purchase Details

Closed on
May 19, 2015
Sold by
Vesekaterie Rental Solutions Llc
Bought by
Dotcheva Alexandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,020
Interest Rate
3.81%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 7, 2014
Closed on
Nov 6, 2014
Sold by
Dotcheva Alexandra V
Bought by
Vesekaterie Rental Solutions Llc
Seller's Agent
Rebecca Nystrom
Nystrom Realty
Buyer's Agent
Mark Wyant
Real Broker
List Price
$265,000
Sold Price
$215,000
Premium/Discount to List
-$50,000
-18.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.45%
Original Mortgage
$211,105
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 7, 2014
Closed on
Oct 13, 2014
Sold by
Krause Carroll Kenneth and Mccarthy Joan Kay
Bought by
Dotcheva Alexandra
Seller's Agent
Rebecca Nystrom
Nystrom Realty
Buyer's Agent
Mark Wyant
Real Broker
List Price
$265,000
Sold Price
$215,000
Premium/Discount to List
-$50,000
-18.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,105
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 12, 2010
Sold by
Krause Carroll Kenneth
Bought by
Krause Wilber M and The Krause Family Trust

Purchase Details

Closed on
May 18, 2010
Sold by
Rieger Rocky and Rieger Mary
Bought by
Krause Carroll Kenneth

Purchase Details

Closed on
Nov 7, 2006
Sold by
Yanez Paul and Yanez Cynthia
Bought by
Rieger Rocky and Rieger Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2004
Sold by
Yanez Paul F
Bought by
Yanez Paul F and Yanez Cynthia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,200
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2004
Sold by
Borazjani Amir
Bought by
Yanez Paul F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,200
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2003
Sold by
Yanez Cynthia G
Bought by
Yanez Paul F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,200
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 9, 2002
Sold by
Borazjani Raha
Bought by
Borazjani Amir

Purchase Details

Closed on
Jan 19, 2001
Sold by
First Union National Bank
Bought by
Avram Cornel and Avram Daniela D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2000
Sold by
Havrincea Robert B
Bought by
First Union National Bank and Amortizing Residential Collateral Tr Ser

Purchase Details

Closed on
Dec 3, 1999
Sold by
Korn Ronald L
Bought by
Havincea Robert

Purchase Details

Closed on
Dec 1, 1999
Sold by
Havrincea Elisabeda
Bought by
Havrincea Robert

Purchase Details

Closed on
Apr 7, 1999
Sold by
Korn H Lorraine
Bought by
Korn Ronald L

Purchase Details

Closed on
Aug 2, 1994
Sold by
Boser Patricia L
Bought by
Boser Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,200
Interest Rate
8.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Dotcheva Alexandra -- First American Title Ins Co
Vesekaterie Rental Solutions Llc -- None Available
Dotcheva Alexandra -- First American Title Ins Co
Vesekaterie Rental Solutions Llc -- None Available
Dotcheva Alexandra $215,000 Grand Canyon Title Agency In
Krause Wilber M -- None Available
Krause Carroll Kenneth $130,000 Magnus Title Agency
Rieger Rocky $340,000 Western National Title Agenc
Yanez Paul F -- Capital Title Agency Inc
Yanez Paul F -- Capital Title Agency Inc
Yanez Paul F $271,000 Capital Title Agency Inc
Borazjani Amir -- Capital Title Agency Inc
Borazjani Amir $253,500 Capital Title Agency Inc
Avram Cornel $195,000 First American Title
First Union National Bank $187,535 First American Title
Havincea Robert $215,000 Fidelity National Title
Havrincea Robert -- Fidelity National Title
Korn Ronald L -- North American Title Agency
Korn Ronald L $176,000 North American Title Agency
Boser Greg -- Fiesta Title & Escrow Agency
Cicon Harold $106,000 Fiesta Title & Escrow Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dotcheva Alexandra $207,570
Previous Owner Dotcheva Alexandra $211,020
Previous Owner Dotcheva Alexandra $211,105
Previous Owner Rieger Rocky $272,000
Previous Owner Yanez Paul F $60,000
Previous Owner Yanez Paul F $219,200
Previous Owner Yanez Paul F $219,200
Previous Owner Avram Cornel $175,500
Previous Owner Cicon Harold $74,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2014 10/27/14 Sold $215,000 -18.9% $59 / Sq Ft
09/13/2014 09/13/14 Pending -- -- --
01/07/2014 01/07/14 For Sale $265,000 -- $72 / 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 $2,204 $18,024 -- --
2024 $2,164 $17,165 -- --
2023 $2,164 $42,650 $8,530 $34,120
2022 $2,094 $30,820 $6,160 $24,660
2021 $2,121 $29,130 $5,820 $23,310
2020 $2,068 $27,710 $5,540 $22,170
2019 $2,030 $23,050 $4,610 $18,440
2018 $1,977 $20,970 $4,190 $16,780
2017 $1,967 $18,200 $3,640 $14,560
2016 $1,931 $16,270 $3,250 $13,020
2015 $1,788 $16,350 $3,270 $13,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5051646

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-900