NOT LISTED FOR SALE
18 Beds
-- Bath
1,700 Sq Ft
1983 Built

Last Sold March 30, 2018

Last sale price $1,600,000 $941 Per Sq Ft

34 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • 3-minute walk to Palma Park
  • Sunnyslope High School Rated A
  • Individual Controls for Heating

About This Home

As of March 2018

Pineview Meadows is a 21-unit garden-style apartment community located in a desirable Phoenix North Mountain neighborhood. The property is located south of Dunlap Avenue and east of Central Avenue. Built in 1963, the property is made of block construction with built-up foam roofs, and is individually-metered for electricity. Current ownership extensively renovated and repositioned the asset with premium finishes in the first half of 2017.
The unit mix is comprised of studio, one-bedroom and two-bathroom floor plans that are well designed and range in size from approximately 375 to 800 square feet. Interior unit features include fully appointed kitchens with full-size electric appliances, new shaker-style cabinetry with granite counter tops, stainless steel sinks with gooseneck faucets.

Last Agent to Sell the Property

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 01/18/2018

Last Buyer's Agent

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 01/18/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,548

Year Built

  • Built in 1983

Lot Details

  • Additional Parcels

Home Design

  • Built-Up Roof
  • Foam Roof
  • Block Exterior

Parking

  • 21 Open Parking Spaces
  • 21 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 10
  • Assessor Parcel Number 160-49-037-B

Community Details

Overview

  • 3 Buildings
  • 21 Units
  • Building Dimensions are IRR
  • Townley Square Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Gross Income $169,260
  • Net Operating Income $105,537

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,548

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: E. Townley Avenue and N. 3rd Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 3
  • Year Built: 1983
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Subdivision Name: TOWNLEY SQUARE
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 21.0
  • Total Parking Spaces: 21.0
  • General Property Description:Uncvrd Parking Spcs: 21.0
  • General Property Description:Total Parking Spcs: 21.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Barbecue, 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
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes

Lot Info

  • Lot Size: IRR
  • Additional Parcels: Yes
  • Parcel #: 160-49-037-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 21
  • Annual Gross Income: 169260.0
  • Property Net Operating Income: 105537.0
  • Vacancy Allowance Rate: 0.09

Tax Info

  • Tax Annual Amount: 4548.44
  • Tax Book Number: 160.00
  • Tax Lot: 10
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2018 03/30/18 Sold $1,600,000 -4.5% $941 / Sq Ft
02/20/2018 02/20/18 Pending -- -- --
01/17/2018 01/17/18 For Sale $1,675,000 -- $985 / 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 $1,672 $13,157 -- --
2024 $1,580 $12,530 -- --
2023 $1,580 $53,280 $8,250 $45,030
2022 $1,528 $40,840 $6,320 $34,520
2021 $1,548 $31,320 $4,850 $26,470
2020 $1,509 $28,280 $4,380 $23,900
2019 $1,482 $24,480 $3,790 $20,690
2018 $1,443 $19,080 $2,950 $16,130
2017 $1,436 $17,020 $2,630 $14,390
2016 $1,410 $15,360 $2,380 $12,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5710304

Arizona Regional Multiple Listing Service (ARMLS)