$1,000,000
SOLD NOV 15, 2021
-- Bed
-- Bath
1,168 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$856 Per Sq Ft

13% Below List Price

22 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of November 2021

Amazing investment opportunity in sought after Midtown Phoenix! Charming Single family (4 bed/2bath) home with a duplex (2-1 bed/1bath units) in the back for a total of 3 units. All properties were completely renovated in 2021 including new roofs, HVAC units, tile flooring throughout, stainless steel appliances, inside washer/dryer, new landscaping, and so much more! Every detail down to a have a doggie-door installed in each unit was thought out. Treat as a Tri-Plex or live in the 4/2 main home and rent out the 2 units in back. Either way you will enjoy excellent income potential! Phoenix recently saw the highest monthly rent growth in the nation (RealPage). Cromford Index reported an increase of 24.2% in median rental list price Q3 2021 over Q3 2020 Duplex rented for $2,980 per month

Last Agent to Sell the Property

Joanne Traynor

HomeSmart License #BR582871000 Listed on: 10/04/2021

HomeSmart

Co-Listed By

Denise Tharalson

Coldwell Banker Realty License #SA625219000

Last Buyer's Agent

Denise Tharalson

ProSmart Realty License #SA625219000

ProSmart Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,817

Year Built

  • Built in 1924

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for gas, trash collection, water
  • Legal Lot and Block 6 / 3
  • Assessor Parcel Number 162-16-006

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 75'x135'
  • Smith Place Blocks 1 2 4 5 Subdivision

Building Details

  • Operating Expense $16,694
  • Gross Income $59,041
  • Net Operating Income $41,038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,817

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Cross Street: 10th St & Camelback Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3 MultiFamily
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1924
  • Tax Year: 2021
  • Directions: N on 10th St, W on Pasadena to property
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4132.0
  • Co List Office Mls Id: cbrb12
  • Co List Office Phone: 480-834-9131
  • Subdivision Name: SMITH PLACE BLOCKS 1 2 4 5
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Fee Information

  • Annual Fuel Expense: 300.0
  • Annual Water Sewer Expense: 2280.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 75'x135'
  • Additional Parcels: No
  • Parcel #: 162-16-006

Multi Family

  • Owner Pays: Gas, Trash Collection, Water
  • Number Of Units Total: 3
  • Electric Expense: 2340.0
  • Annual Gross Income: 59040.6
  • Insurance Expense: 1135.0
  • Maintenance Expense: 1050.0
  • Property Net Operating Income: 41037.52
  • Annual Operating Expense: 16694.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2817.0
  • Tax Block: 3
  • Tax Book Number: 162.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2022
Sold by
Beres Albert D
Bought by
Kis Matthew Edward
Current Estimated Value
$662,154

Purchase Details

Listed on
Oct 4, 2021
Closed on
Dec 2, 2021
Sold by
Bekaii Saab Tanios and Bekaii Saab Tiffany
Bought by
4911 E Fairmount Llc
Seller's Agent
Joanne Traynor
HomeSmart
Buyer's Agent
Denise Tharalson
ProSmart Realty
List Price
$1,150,000
Sold Price
$1,000,000
Premium/Discount to List
-$150,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.48%
Original Mortgage
$380,000
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 4, 2021
Closed on
Nov 8, 2021
Sold by
908 E Pasadena Avenue Llc
Bought by
Bekaii Saab Tanios and Bekaii Saab Tiffany
Seller's Agent
Joanne Traynor
HomeSmart
Buyer's Agent
Denise Tharalson
ProSmart Realty
List Price
$1,150,000
Sold Price
$1,000,000
Premium/Discount to List
-$150,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 15, 2019
Closed on
Dec 12, 2019
Sold by
Liersch Wayne A
Bought by
908 E Pasadena Avenue Llc
Seller's Agent
Christian Broadwell
AZCO Properties, LLC
Buyer's Agent
Christian Broadwell
AZCO Properties, LLC
List Price
$320,000
Sold Price
$240,000
Premium/Discount to List
-$80,000
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
110.28%
Original Mortgage
$315,000
Interest Rate
3.7%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 2, 2006
Sold by
Liersch Wayne A
Bought by
Liersch Wayne A and Elder Matthew S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
9.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2006
Sold by
Somers Jeanne C
Bought by
Liersch Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
9.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 2000
Sold by
Somers Jeanne C
Bought by
Somers Jeanne C and Jeanne C Somers Revocable Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
6.5%

Purchase Details

Closed on
Oct 17, 1999
Sold by
Somers Jeanne C
Bought by
Somers Jeanne C and Jeanne C Somers Revocable Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,700
Interest Rate
7.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 1999
Sold by
Enright Thomas J and Enright Patricia A
Bought by
Somers Jeanne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,700
Interest Rate
7.77%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $425,000 Chicago Title
Special Warranty Deed -- None Available
Warranty Deed $1,000,000 Great American Ttl Agcy Inc
Warranty Deed $240,000 Security Title Agency Inc
Interfamily Deed Transfer -- First Southwestern Title
Warranty Deed $295,000 Chicago Title Insurance Co
Interfamily Deed Transfer -- Capital Title Agency
Interfamily Deed Transfer -- Capital Title Agency
Interfamily Deed Transfer -- First American Title
Warranty Deed $153,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $380,000 New Conventional
Previous Owner $315,000 Construction
Previous Owner $236,000 Purchase Money Mortgage
Previous Owner $113,000 No Value Available
Previous Owner $137,700 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2022 09/02/22 Rented $2,350 +2.2% --
08/27/2022 08/27/22 Price Changed $2,300 -2.1% $2 / Sq Ft
08/13/2022 08/13/22 Price Changed $2,350 -2.1% $2 / Sq Ft
07/18/2022 07/18/22 Price Changed $2,400 -4.0% $2 / Sq Ft
06/21/2022 06/21/22 For Rent $2,500 +0.2% --
02/04/2022 02/04/22 Rented $2,495 0.0% --
01/31/2022 01/31/22 Under Contract -- -- --
01/05/2022 01/05/22 Price Changed $2,495 -5.8% $2 / Sq Ft
12/30/2021 12/30/21 Price Changed $2,650 -5.2% $2 / Sq Ft
12/14/2021 12/14/21 Price Changed $2,795 -1.9% $2 / Sq Ft
12/09/2021 12/09/21 Price Changed $2,850 -4.8% $2 / Sq Ft
11/19/2021 11/19/21 For Rent $2,995 0.0% --
11/15/2021 11/15/21 Sold $1,000,000 -13.0% $856 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $1,150,000 +379.2% $985 / Sq Ft
12/16/2019 12/16/19 Sold $240,000 -4.0% $205 / Sq Ft
10/29/2019 10/29/19 Pending -- -- --
10/28/2019 10/28/19 Price Changed $249,900 -3.8% $214 / Sq Ft
10/24/2019 10/24/19 Price Changed $259,900 -1.9% $223 / Sq Ft
10/11/2019 10/11/19 Price Changed $265,000 -7.0% $227 / Sq Ft
09/26/2019 09/26/19 Price Changed $285,000 -4.4% $244 / Sq Ft
09/13/2019 09/13/19 Price Changed $298,000 -3.9% $255 / Sq Ft
08/26/2019 08/26/19 Price Changed $310,000 -3.1% $265 / Sq Ft
08/14/2019 08/14/19 For Sale $320,000 -- $274 / 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 $2,958 $23,816 -- --
2024 $2,879 $22,682 -- --
2023 $2,879 $42,970 $8,590 $34,380
2022 $2,793 $33,680 $6,730 $26,950
2021 $2,817 $29,610 $5,920 $23,690
2020 $2,773 $27,850 $5,570 $22,280
2019 $2,394 $25,600 $5,120 $20,480
2018 $2,331 $22,460 $4,490 $17,970
2017 $2,213 $21,210 $4,240 $16,970
2016 $1,724 $18,050 $3,610 $14,440
2015 $1,604 $15,950 $3,190 $12,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6302695

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-16-006