NOT LISTED FOR SALE

Estimated Value: $385,855 - $485,000

-- Bed
-- Bath
1,512 Sq Ft
$282/Sq Ft Est. Value

Last Sold April 28, 2014

Last sale price $117,500 $78 Per Sq Ft

Est. 263% increase in value since last sale

Current estimated payment $2,335/month

5 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Sunnyslope High School Rated A

About This Home

As of April 2014

Central Phoenix Duplex with gorgeous Piestewa Peak views. Both units are 2 Bed and 1 Bath. Bath showers recently updated with quality tile work. Close to I-51. Beautiful park across the street. Both units occupied with tenants to stay. Strong positive cash flow. Please DO NOT Disturb Tenants. Drive by ONLY.

Last Agent to Sell the Property

Peter Urbaniak

Long Realty Uptown License #SA643006000 Listed on: 03/24/2014

Long Realty Uptown

Last Buyer's Agent

Vergene Trager

Westmark Properties License #BR010852000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $804

Year Built

  • Built in 1956

Lot Details

  • 6,011

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 3 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking

Schools

  • Desert View Elementary School
  • Royal Palm Middle School
  • Sunnyslope Elementary High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 291
  • Assessor Parcel Number 160-04-166

Community Details

Overview

  • 2 Units
  • Building Dimensions are IRR
  • Alice Place Subdivision

Building Details

  • Operating Expense $3,054

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$804

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: 7th Street & Dunlap
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: RES
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Subdivision Name: Alice Place
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Desert View Elementary School
  • High School: Sunnyslope Elementary School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Royal Palm Middle School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 160-04-166

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 2
  • Insurance Expense: 450.0
  • Annual Operating Expense: 3054.0

Tax Info

  • Tax Annual Amount: 804.0
  • Tax Book Number: 160.00
  • Tax Lot: 291

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2014
Closed on
Apr 24, 2014
Sold by
Wells Bruce A
Bought by
Tot Hajnal
Seller's Agent
Peter Urbaniak
Long Realty Uptown
Buyer's Agent
Vergene Trager
Westmark Properties
List Price
$118,900
Sold Price
$117,500
Premium/Discount to List
-$1,400
-1.18%
Current Estimated Value
$426,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,785
Avg. Annual Appreciation
11.68%

Purchase Details

Listed on
Jan 30, 2013
Closed on
Mar 20, 2013
Sold by
Shelf Company 1
Bought by
Wells Bruce A
Seller's Agent
Chris Kirkpatrick
Fathom Realty Elite
Buyer's Agent
Peter Urbaniak
Long Realty Uptown
List Price
$97,900
Sold Price
$96,000
Premium/Discount to List
-$1,900
-1.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.58%

Purchase Details

Closed on
May 8, 2009
Sold by
Zee Revocable Trust
Bought by
Dowd Pitts Patricia

Purchase Details

Closed on
May 6, 2008
Sold by
Pittstop Properties Inc
Bought by
Zee Revocable Trust

Purchase Details

Closed on
Sep 10, 2007
Sold by
Dowd Pitts Patricia A
Bought by
Pittstop Properties Inc

Purchase Details

Closed on
Apr 21, 2006
Sold by
Pitts Jason
Bought by
Pitts Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2005
Sold by
Michalak Michael L
Bought by
Pitts Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
8.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 1997
Sold by
Altman James A and Altman Frankie L
Bought by
Michalak Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.62%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Tot Hajnal $117,500 Professional Title Agency
Wells Bruce A $96,000 Stewart Title & Trust Of Pho
Dowd Pitts Patricia -- None Available
Zee Revocable Trust -- None Available
Pittstop Properties Inc -- None Available
Pitts Patricia -- Camelback Title Agency Llc
Pitts Jason $175,000 Lawyers Title Ins
Michalak Michael L $70,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pitts Patricia $191,250
Previous Owner Pitts Jason $157,500
Previous Owner Michalak Michael L $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2014 04/28/14 Sold $117,500 -1.2% $78 / Sq Ft
03/29/2014 03/29/14 Pending -- -- --
03/24/2014 03/24/14 For Sale $118,900 +23.9% $79 / Sq Ft
03/29/2013 03/29/13 Sold $96,000 -1.9% $63 / Sq Ft View Prior Sale
03/02/2013 03/02/13 Pending -- -- --
01/30/2013 01/30/13 For Sale $97,900 -- $65 / 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 $1,218 $9,587 -- --
2024 $1,151 $9,130 -- --
2023 $1,151 $28,560 $5,710 $22,850
2022 $972 $19,030 $3,800 $15,230
2021 $1,128 $18,100 $3,620 $14,480
2020 $1,100 $16,830 $3,360 $13,470
2019 $1,080 $13,600 $2,720 $10,880
2018 $1,051 $11,450 $2,290 $9,160
2017 $1,046 $10,010 $2,000 $8,010
2016 $1,027 $9,860 $1,970 $7,890
2015 $951 $8,610 $1,720 $6,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5089385

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-04-166