NOT LISTED FOR SALE

Estimated Value: $490,000 - $523,000

Studio
-- Bath
1,919 Sq Ft
$263/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $460,000 $240 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,725/month

1 Day on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating System Uses Natural Gas

About This Home

As of December 2021

This is well-maintained property in an excellent rental area with long-term tenants. Each unit has its own separate laundry facility with W/D hookups. Unit A is a 2Bed/1Bath with private access to large side-yard. Unit B is a 1bed/1bath unit which was remodeled in late 2019. Unit C is also a 1bed/1bath unit which has been well maintained. This property is turn-key ready with positive cashflow. Each unit is currently occupied with excellent tenants. Owner pays water, sewer, & trash. Tenant pays for electric, gas, & cable/internet. Buyer to verify all Information as facts and figures are approximate. Drive by only do not disturb tenants.

Last Agent to Sell the Property

Mark Jones

Coldwell Banker Realty License #SA657917000 Listed on: 11/15/2021

Coldwell Banker Realty

Last Buyer's Agent

Mark Skylar

E & G Real Estate Services License #SA661493000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,034

Year Built

  • Built in 1965

Lot Details

  • 9,060

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

  • Edison Elementary School
  • Kino Junior High School
  • Westwood High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 19
  • Assessor Parcel Number 137-06-076

Community Details

Overview

  • 3 Units
  • Building Dimensions are IRR
  • Mumford Park Subdivision

Building Details

  • Operating Expense $4,534
  • Gross Income $29,694
  • Net Operating Income $18,055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,034

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: University and Horne
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi- Family
  • Number Of Buildings: 1
  • Year Built: 1965
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: MUMFORD PARK
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1920.0

Schools

  • Elementary School: Edison Elementary School
  • High School: Westwood High School
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 137-06-076

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 29694.0
  • Insurance Expense: 980.0
  • Property Net Operating Income: 18055.0
  • Annual Operating Expense: 4534.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1034.0
  • Tax Book Number: 137.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2025
Sold by
Cropp Elliott and Cropp Jennifer
Bought by
814E4 Llc
Current Estimated Value
$504,304

Purchase Details

Listed on
Nov 15, 2021
Closed on
Dec 12, 2021
Sold by
Antunez Andrew
Bought by
Cropp Elliott and Cropp Jennifer
Seller's Agent
Mark Jones
Coldwell Banker Realty
Buyer's Agent
Mark Skylar
E & G Real Estate Services
List Price
$455,000
Sold Price
$460,000
Premium/Discount to List
$5,000
1.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.28%
Original Mortgage
$345,000
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 10, 2018
Closed on
May 21, 2018
Sold by
Giarrizzo John L and Giarrizzo Roberta
Bought by
Antunez Andrew
Seller's Agent
Jason Giarrizzo
West USA Realty
Buyer's Agent
Jennifer Maxwell
RE/MAX Alliance Group
List Price
$289,000
Sold Price
$289,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.95%
Original Mortgage
$265,109
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
May 25, 2005
Sold by
Gregory Arthur J
Bought by
Giarrizzo John L and Giarrizzo Roberta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 12, 1995
Sold by
Gregory Arthur J and Gregory Nita C
Bought by
Gregory Arthur J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
7.58%
Source: Public Records
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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
814E4 Llc -- None Listed On Document
814E4 Llc -- None Listed On Document
Cropp Elliott $460,000 Stewart Ttl & Tr Of Phoenix
Antunez Andrew $272,000 Security Title Agency Inc
Giarrizzo John L $210,000 Transnation Title
Gregory Arthur J -- United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cropp Elliott $345,000
Previous Owner Antunez Andrew $265,109
Previous Owner Giarrizzo John L $180,000
Previous Owner Gregory Arthur J $59,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2021 12/22/21 Sold $460,000 +1.1% $240 / Sq Ft
11/16/2021 11/16/21 Pending -- -- --
11/15/2021 11/15/21 For Sale $455,000 +57.4% $237 / Sq Ft
05/31/2018 05/31/18 Sold $289,000 0.0% $151 / Sq Ft View Prior Sale
04/09/2018 04/09/18 Pending -- -- --
01/09/2018 01/09/18 For Sale $289,000 -- $151 / 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 $1,039 $10,536 -- --
2024 $1,043 $10,034 -- --
2023 $1,043 $33,820 $6,760 $27,060
2022 $1,021 $25,680 $5,130 $20,550
2021 $1,034 $21,810 $4,360 $17,450
2020 $1,020 $19,810 $3,960 $15,850
2019 $953 $16,550 $3,310 $13,240
2018 $915 $14,750 $2,950 $11,800
2017 $887 $12,330 $2,460 $9,870
2016 $871 $11,600 $2,320 $9,280
2015 $819 $10,100 $2,020 $8,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6321589

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-06-076