$245,000
SOLD JAN 8, 2014
-- Bed
-- Bath
3,566 Sq Ft
8,451 Sq Ft Lot

Recently Sold

$69 Per Sq Ft

2% Below List Price

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of July 2022

Recently updated 4-plex; 2 bedroom/2 bath units, with a single carport for each unit. 3 units were vacated, repainted. 1 unit is a hold over; 2 new leases in place and the 3rd is being rented. DRIVE BY ONLY DO NOT DISTURB TENANTS. Located close to ASU, airports, churches, schools, shopping, freeways, etc. Seller may consider a seller carry back for qualified buyers with adequate down payment. Seller owns a property management company and will consider managing the property at a reduced fee.

Last Agent to Sell the Property

Donald Jackson Jr

Keller Williams Integrity First License #BR525414000 Listed on: 01/06/2014

Last Buyer's Agent

Alan Davis

Homebright License #BR560662000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,396

Year Built

  • Built in 1984

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Emerson Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 135-17-306

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Heritage Estates Subdivision

Building Details

  • Operating Expense $10,958
  • Net Operating Income $22,601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,396

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: University and Country Club
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2012
  • Directions: N on Country Club to W 8th St. West on W 8th St to Revere. N on Revere to 4-plex.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2592.0
  • Subdivision Name: Heritage Estates
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Heat Pump, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 2600.0

Schools

  • Elementary School: Emerson Elementary School
  • High School: Westwood High School
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 135-17-306

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 890.0
  • Maintenance Expense: 800.0
  • Property Net Operating Income: 22601.0
  • Annual Operating Expense: 10958.22

Tax Info

  • Tax Annual Amount: 1396.22
  • Tax Book Number: 135.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2022
Closed on
Jul 8, 2022
Sold by
Revere Llc
Bought by
Plank Kent
Seller's Agent
Burton Cagen
Realty Executives
Buyer's Agent
Burton Cagen
Realty Executives
List Price
$750,000
Sold Price
$780,000
Premium/Discount to List
$30,000
4%
Current Estimated Value
$851,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,593
Avg. Annual Appreciation
2.77%
Original Mortgage
$390,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2015
Sold by
Cagen Robert A and Cagen Anne D
Bought by
Revere Llc

Purchase Details

Listed on
Mar 2, 2015
Closed on
Jul 25, 2015
Sold by
Freedom 25 Llp
Bought by
Cagen Robert A and Cagen Anne D
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Burton Cagen
Realty Executives
List Price
$329,000
Sold Price
$319,900
Premium/Discount to List
-$9,100
-2.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.27%
Original Mortgage
$194,160
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2014
Closed on
Dec 31, 2013
Sold by
Barrett James H
Bought by
Freedom 25 Llp
Seller's Agent
Donald Jackson Jr
Keller Williams Integrity First
Buyer's Agent
Alan Davis
Homebright
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.52%
Original Mortgage
$122,500
Interest Rate
4.17%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 3, 2013
Sold by
Vanvanvorce Lynn Van
Bought by
Barrett James H

Purchase Details

Closed on
Jan 31, 2005
Sold by
Reed Bryan
Bought by
Vanvanvorce Lynn Van

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2004
Sold by
Howell Larry J and Howell Deborah D
Bought by
Reed Bryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2001
Sold by
Grotte David L and Grotte Kristy K
Bought by
Howell Larry J and Howell Deborah D

Purchase Details

Closed on
Mar 21, 2001
Sold by
Lincoln Trust Company and Pain Barry D
Bought by
Grotte David L and Grotte Kristy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,700
Interest Rate
7.19%
Mortgage Type
Trade

Purchase Details

Closed on
Jun 7, 1995
Sold by
Ruiz Juan D and Ruiz Teresita
Bought by
Lincoln Trust Company and Pain Barry D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,526
Interest Rate
8.37%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 10, 1994
Sold by
Chi Chuan Chi and Chi Soo F
Bought by
Ruiz Juan D and Ruiz Teresita
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 Type Sale Price Title Company
Warranty Deed $780,000 Lawyers Title
Warranty Deed -- None Available
Warranty Deed $319,900 Chicago Title Agency Inc
Warranty Deed $245,000 Us Title Agency Llc
Cash Sale Deed $174,000 Lawyers Title Of Arizona Inc
Warranty Deed $360,000 Fidelity National Title
Warranty Deed $319,900 Fidelity National Title
Interfamily Deed Transfer -- North American Title Co
Warranty Deed $223,000 North American Title Agency
Warranty Deed $175,000 United Title Agency
Joint Tenancy Deed $169,675 Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $390,000 New Conventional
Previous Owner $194,160 New Conventional
Previous Owner $122,500 Seller Take Back
Previous Owner $234,000 Purchase Money Mortgage
Previous Owner $271,915 New Conventional
Previous Owner $200,700 Trade
Previous Owner $15,526 Seller Take Back
Closed $90,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2022 07/19/22 Sold $780,000 0.0% $219 / Sq Ft
05/08/2022 05/08/22 Pending -- -- --
05/02/2022 05/02/22 Off Market $780,000 -- --
04/28/2022 04/28/22 For Sale $750,000 +134.4% $210 / Sq Ft
08/03/2015 08/03/15 Sold $319,900 -2.8% $90 / Sq Ft
07/07/2015 07/07/15 Pending -- -- --
03/01/2015 03/01/15 For Sale $329,000 +34.3% $92 / Sq Ft
01/08/2014 01/08/14 Sold $245,000 -2.0% $69 / Sq Ft
10/31/2013 10/31/13 Pending -- -- --
10/31/2013 10/31/13 For Sale $250,000 +43.7% $70 / Sq Ft
08/15/2013 08/15/13 Sold $174,000 +8.9% $49 / Sq Ft
03/23/2013 03/23/13 Pending -- -- --
03/17/2013 03/17/13 For Sale $159,800 -- $45 / 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 $2,246 $22,878 -- --
2024 $2,264 $21,788 -- --
2023 $2,264 $57,660 $11,530 $46,130
2022 $2,217 $47,270 $9,450 $37,820
2021 $2,244 $43,010 $8,600 $34,410
2020 $2,215 $40,310 $8,060 $32,250
2019 $2,070 $33,750 $6,750 $27,000
2018 $1,986 $30,230 $6,040 $24,190
2017 $1,927 $18,810 $3,760 $15,050
2016 $1,891 $17,950 $3,590 $14,360
2015 $1,778 $16,080 $3,210 $12,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5023341

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-17-306