NOT LISTED FOR SALE

Estimated Value: $325,774 - $778,000

-- Bed
-- Bath
2,461 Sq Ft
$238/Sq Ft Est. Value

Last Sold February 27, 2015

Last sale price $136,000 $55 Per Sq Ft

Est. 331% increase in value since last sale

Current estimated payment $3,402/month

60 Days on Market

Highlights

  • Cooling Available
  • Sunnyslope High School Rated A
  • Heating Available

About This Home

As of February 2015

Built in 1987. Wood Frame / Construction, pitched roof, Covered Parking. Opportunity to increase rents. Good location with easy access to 7th St & Cave Creek Rd / Hwy 51. Separately metered for Utilities. Laundry facilities in each unit.

PLEASE DO NOT DISTURB TENANTS - DRIVE BY ONLY

Very Nice opportunity for investor – call before other agents bring contracts

Last Listed By

Ed Grabowski

Realty ONE Group License #BR634685000 Listed on: 11/10/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,345

Year Built

  • Built in 1987

Lot Details

  • 5,576

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 160-02-039

Community Details

Overview

  • 4 Units
  • Building Dimensions are 57 X 101

Building Details

  • Operating Expense $6,645
  • Gross Income $17,280
  • Net Operating Income $9,675

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,345

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: Dunlap & 10th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1987
  • Tax Year: 2014
  • Directions: Corner of Dunlap & 10th St.
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Composition
  • 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:_one_ SpaceUnit: 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: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 2500.0

Lot Info

  • Lot Size: 57 X 101
  • Additional Parcels: No
  • Parcel #: 160-02-039

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 17280.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 9675.0
  • Annual Operating Expense: 6645.2
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1345.2
  • Tax Book Number: 160.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2014
Closed on
Feb 23, 2015
Sold by
Schreiner Robert E and Caestecker Danielle
Bought by
Aseme John Ikenna
Seller's Agent
Ed Grabowski
Realty ONE Group
Buyer's Agent
Bruce Lichlyter
Realty ONE Group
List Price
$155,000
Sold Price
$136,000
Premium/Discount to List
-$19,000
-12.26%
Total Days on Market
60
Current Estimated Value
$585,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,694
Avg. Annual Appreciation
15.31%
Original Mortgage
$95,200
Interest Rate
9.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2004
Sold by
Lonca Cornel
Bought by
Schreiner Robert E and Caestecker Danielle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2004
Sold by
Petelin Ventures Lllp
Bought by
Lonca Cornel

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
Aseme John Ikenna $136,000 Precision Title Agency Inc
Schreiner Robert E $225,000 Title Partners Of Phoenix Ll
Lonca Cornel $150,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aseme John Ikenna $227,500
Closed Aseme John Ikenna $227,500
Closed Aseme John Ikenna $128,200
Previous Owner Aseme John Ikenna $95,200
Previous Owner Schreiner Robert E $185,000
Previous Owner Schreiner Robert E $35,000
Previous Owner Schreiner Robert E $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2015 02/27/15 Sold $136,000 -12.3% $55 / Sq Ft
01/09/2015 01/09/15 Pending -- -- --
11/10/2014 11/10/14 For Sale $155,000 -- $63 / 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 $1,483 $12,122 -- --
2024 $1,456 $11,545 -- --
2023 $1,456 $48,020 $9,600 $38,420
2022 $1,408 $33,510 $6,700 $26,810
2021 $1,426 $30,270 $6,050 $24,220
2020 $1,391 $24,210 $4,840 $19,370
2019 $1,365 $21,000 $4,200 $16,800
2018 $1,330 $18,200 $3,640 $14,560
2017 $1,323 $15,770 $3,150 $12,620
2016 $1,299 $14,280 $2,850 $11,430
2015 $1,203 $12,370 $2,470 $9,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5197991

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-02-039