NOT LISTED FOR SALE

Estimated Value: $489,000 - $668,808

Studio
-- Bath
1,242 Sq Ft
$468/Sq Ft Est. Value

Last Sold February 15, 2024

Last sale price $650,000 $523 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,187/month

98 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

As of February 2024

Amazing opportunity to own this FOURPLEX!! Each unit has 2 bedrooms 1 bath with 2 cover parking spots per unit. The bottom 2 units are fully remodeled with new flooring, new paint, new bathroom fixtures and more! Both buildings have newer roof, Stucco and paint. Also, 2 of the units have new AC. Separate pawer meter in each unit. Tenants are currently month to month paying $1300 /month.

Last Agent to Sell the Property

Suseth Ramos Sanudo

eXp Realty License #SA559615000 Listed on: 10/02/2023

eXp Realty

Co-Listed By

Ruben Luna

A.Z. & Associates License #SA558959000

Last Buyer's Agent

Heather Openshaw

Keller Williams Integrity First License #SA565143000

Keller Williams Integrity First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,052

Year Built

  • Built in 1985

Lot Details

  • 0.25

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot unknown
  • Assessor Parcel Number 113-56-018

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 10890

Building Details

  • Operating Expense $1,052
  • Gross Income $62,400
  • Net Operating Income $62,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,052

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 7th Street and Roeser
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3 MM
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: azreg03
  • Co List Office Phone: 602-456-7600
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Carport
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 10890
  • Additional Parcels: No
  • Parcel #: 113-56-018

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 62400.0
  • Property Net Operating Income: 62400.0
  • Annual Operating Expense: 1052.0

Tax Info

  • Tax Annual Amount: 1052.0
  • Tax Book Number: 113.00
  • Tax Lot: unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Feb 27, 2024
Sold by
Aldaco Elizabeth
Bought by
Lacayo Henrys and Hernandez Rosana
Seller's Agent
Suseth Ramos Sanudo
eXp Realty
Buyer's Agent
Heather Openshaw
Keller Williams Integrity First
List Price
$749,900
Sold Price
$650,000
Premium/Discount to List
-$99,900
-13.32%
Views
33
Current Estimated Value
$591,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$58,782
Avg. Annual Appreciation
-5.65%
Original Mortgage
$487,500
Outstanding Balance
$479,437
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$102,265

Purchase Details

Closed on
Jun 29, 2022
Sold by
Robert R & Dessel J Dixon Family Trust
Bought by
Aldaco Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2019
Sold by
Dixon Robert R
Bought by
Dixon Robert R and Dixon Dessel J

Purchase Details

Closed on
Dec 13, 2007
Sold by
Boren Donald K and Boren Rayna L
Bought by
Boren Donald K and Boren Rayna L
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
Lacayo Henrys $650,000 Security Title Agency
Aldaco Elizabeth $445,000 Pioneer Title
Dixon Robert R -- None Available
Boren Donald K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lacayo Henrys $487,500
Previous Owner Aldaco Elizabeth $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2024 02/15/24 Sold $650,000 -13.3% $523 / Sq Ft
01/06/2024 01/06/24 Price Changed $749,900 0.0% $604 / Sq Ft
01/06/2024 01/06/24 For Sale $749,900 +15.4% $604 / Sq Ft
12/15/2023 12/15/23 Off Market $650,000 -- --
10/30/2023 10/30/23 Price Changed $799,900 -5.9% $644 / Sq Ft
10/03/2023 10/03/23 For Sale $849,900 -- $684 / 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 $1,135 $7,526 -- --
2024 $1,074 $7,167 -- --
2023 $1,074 $32,530 $6,500 $26,030
2022 $1,052 $22,410 $4,480 $17,930
2021 $1,074 $18,380 $3,670 $14,710
2020 $1,061 $16,080 $3,210 $12,870
2019 $1,026 $15,050 $3,010 $12,040
2018 $999 $11,030 $2,200 $8,830
2017 $952 $10,170 $2,030 $8,140
2016 $905 $8,770 $1,750 $7,020
2015 $852 $7,230 $1,440 $5,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6612987

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-56-018