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

Sale Details

Date 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

Home Design

  • Built-Up Roof
  • Foam Roof
  • Block Exterior

Parking

  • 21 Open Parking Spaces
  • 21 Parking Spaces

Lot Details

  • Additional Parcels

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Separate Meters

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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2018
Sold by
Bought by

Purchase Details

Listed on
Jan 18, 2018
Closed on
Mar 29, 2018
Sold by
Bought by
Seller's Agent
Jeff Seaman
CBRE, Inc
Buyer's Agent
Jeff Seaman
CBRE, Inc
List Price
$1,675,000
Sold Price
$1,600,000
Premium/Discount to List
-$75,000
-4.48%

Purchase Details

Listed on
Jan 18, 2018
Closed on
Mar 23, 2018
Sold by
Bought by
Seller's Agent
Jeff Seaman
CBRE, Inc
Buyer's Agent
Jeff Seaman
CBRE, Inc
List Price
$1,675,000
Sold Price
$1,600,000
Premium/Discount to List
-$75,000
-4.48%

Purchase Details

Closed on
Mar 14, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
0.0419%
Mortgage Type
Commercial

Purchase Details

Closed on
May 3, 1995
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Accommodation
$1,600,000 American Title Service Agenc
-- American Title Service Agenc
-- American Title Svc Agency Ll
$925,000 American Title Svc Agency Ll
$275,000 Stewart Title & Trust
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,250,000
Previous Owner $850,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2015 $1,305 $12,820 $1,980 $10,840
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)
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