NOT LISTED FOR SALE

Estimated Value: $550,000 - $725,000

Studio
-- Bath
-- Sq Ft
6,490 Sq Ft Lot

Sale Details

Date Sold: February 25, 2020

Last sale price $485,000

Est. 27% increase in value since last sale

Current estimated payment $3,392 / mo

9 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • 4-minute walk to Grant Park
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of February 2020

Cash Cow Tri-Plex. Up and coming area, very close to Downtown Phoenix and the Airport! All units are move-in ready, and all furniture conveys. All 3 units are 2 bed, 1 bath. Unit one has a long-term renter paying $1450/mo, unit two is rented on Airbnb and averages about $1500/mo, and then there is a single family house that could rent out for $1500/mo (the owner lives in that house). If it were listed on Aibnb, the unit could potentially make 20%- 30% more a month. BONUS- additional trailer on the property is being renovated (2 bed, 1 bath) and could bring in $700/mo for long-term renter. Updates- all new roof, new AC's , new windows, new electrical, new drywall and new redwood fencing.

Last Agent to Sell the Property

Ericka Ferris

My Home Group Real Estate License #SA657570000 Listed on: 01/06/2020

My Home Group Real Estate

Co-Listed By

Arman Shields

My Home Group Real Estate License #SA645543000

Last Buyer's Agent

Robyn Viktor

West USA Realty License #BR504164000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $568

Year Built

  • Built in 1963

Lot Details

  • 6,490

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 11 / 30
  • Assessor Parcel Number 112-24-095

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 6500
  • Montgomery Add Amd Blks 75, 83, 84, 91, 99 102 Subdivision

Building Details

  • Operating Expense $568

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$568

Year Built

Built in 1963

Lot Details

6,490 Sq Ft Lot

Listing Details

  • Cross Street: 7th ave and Buckeye
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 2
  • Year Built: 1963
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: myhg02
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: MONTGOMERY ADD AMD BLKS 75, 83, 84, 91, 99-102
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Painted, Stucco, Brick, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • 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

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 6500
  • Additional Parcels: No
  • Parcel #: 112-24-095

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 568.0

Tax Info

  • Tax Annual Amount: 568.0
  • Tax Block: 30
  • Tax Book Number: 112.00
  • Tax Lot: 11

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2020
Closed on
Feb 13, 2020
Sold by
Bought by
Seller's Agent
Ericka Ferris
My Home Group Real Estate
Buyer's Agent
Robyn Viktor
West USA Realty
List Price
$485,000
Sold Price
$485,000
Current Estimated Value
$618,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,348
Avg. Annual Appreciation
3.87%
Original Mortgage
$285,000
Interest Rate
0.036%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2017
Sold by
Bought by

Purchase Details

Closed on
Jun 25, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
0.0397%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2015
Sold by
Bought by

Purchase Details

Listed on
Apr 23, 2013
Closed on
Apr 30, 2013
Sold by
Bought by
Seller's Agent
Jose Ramirez
Colonial Realty, LLC
Buyer's Agent
Alejandro Sanchez
HomeSmart
List Price
$49,960
Sold Price
$50,000
Premium/Discount to List
$40
0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.06%

Purchase Details

Closed on
Jan 9, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
0.0331%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 24, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
0.0331%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2011
Sold by
Bought by

Purchase Details

Closed on
Aug 18, 2005
Sold by
Bought by

Purchase Details

Closed on
May 19, 2005
Sold by
Bought by

Purchase Details

Closed on
May 18, 2005
Sold by
Bought by

Purchase Details

Closed on
Jan 24, 1995
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$485,000 Empire West Title Agency Llc
-- None Available
-- Empire West Title Agency
$48,000 Empire West Title Agency
$50,000 First American Title Ins Co
$30,000 Driggs Title Agency Inc
-- Driggs Title Agency Inc
-- None Available
$140,500 Capital Title Agency Inc
-- Capital Title Agency Inc
-- Capital Title Agency Inc
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $285,000
Previous Owner $97,000
Previous Owner --
Previous Owner $24,000
Previous Owner $180,000
Previous Owner $90,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/25/2020 02/25/20 Sold $485,000 0.0% --
02/24/2020 02/24/20 For Sale $485,000 0.0% --
01/15/2020 01/15/20 Pending -- -- --
01/13/2020 01/13/20 For Sale $485,000 0.0% --
01/09/2020 01/09/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $485,000 +870.0% --
05/23/2013 05/23/13 Sold $50,000 +0.1% -- View Prior Sale
04/29/2013 04/29/13 Pending -- -- --
04/23/2013 04/23/13 For Sale $49,960 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $630 $4,434
2024 $587 $4,223
2023 $587 $26,000 $5,200 $20,800
2022 $566 $19,820 $3,960 $15,860
2021 $562 $16,010 $3,200 $12,810
2020 $569 $11,170 $2,230 $8,940
2019 $568 $9,900 $1,980 $7,920
2018 $558 $7,530 $1,500 $6,030
2017 $545 $6,950 $1,390 $5,560
2016 $529 $5,320 $1,060 $4,260
2015 $490 $5,020 $1,000 $4,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6020197

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-24-095

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