NOT LISTED FOR SALE

Estimated Value: $633,000 - $857,000

-- Bed
-- Bath
2,460 Sq Ft
$294/Sq Ft Est. Value

Last Sold October 25, 2018

Last sale price $379,150 $154 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $3,861/month

42 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of October 2018

This property just got a brand new roof! It was completed on 9/7/18! Great investment property located near Old Town Scottsdale. Each unit has 2 beds and 1 bath with front and rear entrances to each unit. This property has a ton of upside due to it location, ease to rent, and high rental rates.

Last Agent to Sell the Property

Kirk Ricketts

West USA Realty License #SA673208000 Listed on: 08/02/2018

West USA Realty

Last Buyer's Agent

Jentri Young

Realty ONE Group License #SA643775000

Realty ONE Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $696

Year Built

  • Built in 1971

Lot Details

  • 8,015

Home Design

  • Composition Roof

Flooring

  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for electricity, water
  • Assessor Parcel Number 131-51-136-H

Community Details

Overview

  • 3 Units
  • Building Dimensions are 52x152

Building Details

  • Operating Expense $4,398
  • Gross Income $28,200
  • Net Operating Income $25,098

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$696

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: N Hayden Rd and E Roosevelt St
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: S-R
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2017
  • Directions: Heading south down N Hayden Rd from E McDowell Rd, take a right onto E Roosevelt Stand then your immediate left into the first driveway. It is the 7th building on your left.
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: H
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Slump Block
  • Roof: Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Individual
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: 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
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 1500.0

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: 52x152
  • Additional Parcels: No
  • Parcel #: 131-51-136-H

Multi Family

  • Owner Pays: Electricity, Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Electric Expense: 660.0
  • Annual Gross Income: 28200.0
  • Maintenance Expense: 390.0
  • Property Net Operating Income: 25098.0
  • Annual Operating Expense: 4398.0

Tax Info

  • Tax Annual Amount: 696.0
  • Tax Book Number: 131.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2018
Closed on
Oct 25, 2018
Sold by
Yohre Richard Raymond
Bought by
Giesler Jarin K
Seller's Agent
Kirk Ricketts
West USA Realty
Buyer's Agent
Jentri Young
Realty ONE Group
List Price
$390,000
Sold Price
$379,150
Premium/Discount to List
-$10,850
-2.78%
Current Estimated Value
$722,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,807
Avg. Annual Appreciation
9.64%
Original Mortgage
$372,281
Outstanding Balance
$326,001
Interest Rate
4.6%
Mortgage Type
FHA
Estimated Equity
$396,956

Purchase Details

Closed on
Oct 11, 2010
Sold by
U S Bank National Association
Bought by
Yohre Richard Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,211
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 24, 2010
Sold by
Badal Victoria
Bought by
U S Bank National Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,211
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 8, 2001
Sold by
Pawlowski Jeffery
Bought by
Badal Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,800
Interest Rate
8.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2000
Sold by
Harmes Kirk R and Case John H
Bought by
Pawlowski Jeffrey F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
7.87%
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 Buyer Sale Price Title Company
Giesler Jarin K $379,150 Driggs Title Agency Inc
Yohre Richard Raymond $110,000 Chicago Title
U S Bank National Association $94,835 None Available
Badal Victoria $142,000 First American Title
Pawlowski Jeffrey F $130,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giesler Jarin K $372,281
Previous Owner Yohre Richard Raymond $107,211
Previous Owner Badal Victoria $127,800
Previous Owner Pawlowski Jeffrey F $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2018 10/25/18 Sold $379,150 -1.3% $154 / Sq Ft
09/10/2018 09/10/18 Price Changed $384,000 -0.3% $156 / Sq Ft
08/29/2018 08/29/18 Price Changed $385,000 -1.3% $157 / Sq Ft
08/02/2018 08/02/18 For Sale $390,000 -- $159 / 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 $822 $11,634 -- --
2024 $778 $11,080 -- --
2023 $778 $41,770 $8,350 $33,420
2022 $738 $39,980 $7,990 $31,990
2021 $784 $33,080 $6,610 $26,470
2020 $778 $29,300 $5,860 $23,440
2019 $750 $28,600 $5,720 $22,880
2018 $726 $25,310 $5,060 $20,250
2017 $696 $21,780 $4,350 $17,430
2016 $682 $16,720 $3,340 $13,380
2015 $649 $15,030 $3,000 $12,030
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5801833

Arizona Regional Multiple Listing Service (ARMLS)

APN: 131-51-136H