NOT LISTED FOR SALE

Estimated Value: $320,000 - $559,000

-- Bed
-- Bath
1,930 Sq Ft
$227/Sq Ft Est. Value

Last Sold May 19, 2020

Last sale price $190,000 $98 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $2,466/month

23 Days on Market

Highlights

  • Community Playground
  • Central Air
  • Heating Available
  • Sunnyslope High School Rated A
  • Vinyl Flooring

About This Home

As of May 2020

Solid block 1960's classic duplex with mountain views. Long term tenant, each unit has it's own private carport and fenced back yard. Units are well maintained. Unit 1 is a 3 bedroom, and Unit 2 is a 2 bedroom, both units have been updated, kitchen with oak cabinets, neutral formica counter top, gas range and refrigerator. Full bath has been updated. Vinyl flooring throughout , All figs/meas are appx

Last Agent to Sell the Property

Mario Romero

The Melcher Agency License #BR022807000 Listed on: 04/18/2020

Last Buyer's Agent

Zane Belden

Russ Lyon Sotheby's International Realty License #BR683488000

Russ Lyon Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $893

Year Built

  • Built in 1961

Lot Details

  • 9,148

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 2 Open Parking Spaces
  • 5 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

  • Royal Palm Middle School
  • Sunnyslope High School

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 60
  • Assessor Parcel Number 159-51-001

Community Details

Overview

  • 2 Units
  • Building Dimensions are 71 x 132
  • Foothill Acres 2 Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $2,686
  • Gross Income $17,400
  • Net Operating Income $14,714

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$893

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: 5th Avenue and Hatcher
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2019
  • Directions: From 5th Avenue and Hatcher go South on 5th Avenue , house is on the East side of 5th Avenue. From Hatcher, 5th Avenue, looks like a one lane alley.
  • Road Surface Type: Dedicated Street
  • Subdivision Name: FOOTHILL ACRES 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: >1 Space Per Unit, <1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Water Sewer Expense: 900.0

Schools

  • Elementary School: Royal Palm Middle School
  • High School: Sunnyslope High School
  • Middle Or Junior School: Royal Palm Middle School

Lot Info

  • Lot Size: 71 x 132
  • Additional Parcels: No
  • Parcel #: 159-51-001

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 17400.0
  • Insurance Expense: 893.0
  • Property Net Operating Income: 14714.0
  • Annual Operating Expense: 2686.0

Tax Info

  • Tax Annual Amount: 893.0
  • Tax Book Number: 159.00
  • Tax Lot: 60

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2021
Sold by
Visser Mark A
Bought by
V3 Properties Llc
Current Estimated Value
$437,669

Purchase Details

Closed on
Mar 8, 2021
Sold by
Visser Ellie S and Visser Mark A
Bought by
Visser Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 18, 2020
Closed on
May 13, 2020
Sold by
Flynn Margaret
Bought by
V3 Properties Llc
Seller's Agent
Mario Romero
The Melcher Agency
Buyer's Agent
Zane Belden
Russ Lyon Sotheby's International Realty
List Price
$265
Sold Price
$190,000
Premium/Discount to List
$189,735
71598.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.42%
Original Mortgage
$152,000
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 13, 2002
Sold by
Kramer William C and Kramer Janet R
Bought by
Flynn Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.29%
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
V3 Properties Llc -- None Available
Visser Mark A -- Old Republic Title Agency
V3 Properties Llc $190,000 Empire West Title Agency Llc
Flynn Margaret $115,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Visser Mark A $160,000
Previous Owner V3 Properties Llc $152,000
Previous Owner Flynn Margaret $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2020 05/19/20 Sold $190,000 -2.6% $98 / Sq Ft
05/11/2020 05/11/20 Pending -- -- --
05/01/2020 05/01/20 Price Changed $195,000 +73484.9% $101 / Sq Ft
04/18/2020 04/18/20 For Sale $265 -- $0 / 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 $1,031 $8,428 -- --
2024 $1,012 $8,026 -- --
2023 $1,012 $32,770 $6,550 $26,220
2022 $917 $22,870 $4,570 $18,300
2021 $934 $19,680 $3,930 $15,750
2020 $910 $17,320 $3,460 $13,860
2019 $893 $14,960 $2,990 $11,970
2018 $869 $12,630 $2,520 $10,110
2017 $865 $9,970 $1,990 $7,980
2016 $850 $9,220 $1,840 $7,380
2015 $787 $7,870 $1,570 $6,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6067914

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-51-001