NOT LISTED FOR SALE

Estimated Value: $564,156 - $618,000

-- Bed
-- Bath
1,924 Sq Ft
$310/Sq Ft Est. Value

Last Sold March 22, 2021

Last sale price $460,000 $239 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,239/month

6 Days on Market

Highlights

  • Central Air
  • Sunnyslope High School Rated A
  • Heating System Uses Natural Gas

About This Home

As of March 2021

Significantly upgraded triplex with all 2 bedroom ''townhouse-style'' units with lofted ceilings. Strongly appreciating pocket in the 85020 zip code that appeals to renters. Long-term, local owners that have self-managed. Units offer many amenities; including stacked washer/dryers, private patios, upgraded cosmetics in the unit, two parking spaces...and more. These units have so much more to offer than the cookie cutter 650 SF 2 bedroom. Could be an ideal short-term rental play over time as well. Showings in escrow. Do not bother the tenants. Pro forma shows close to a 7 CAP with rents at $980/unit. Current rents are below market now ($850, $850, $700-long-term tenant). Buyer to complete and rely on own due diligence.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 02/12/2021

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Renee & Kevin Epple

HomeSmart License #SA686704000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $869

Year Built

  • Built in 1979

Lot Details

  • 6,360

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, landscaping
  • Assessor Parcel Number 159-36-133

Community Details

Overview

  • 3 Units
  • Building Dimensions are 6360 SF

Building Details

  • Operating Expense $6,949
  • Gross Income $34,086
  • Net Operating Income $27,167

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$869

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: 8th Street & Cave Creek Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2020
  • Directions: Just off Hatcher and Cave Creek Rd.
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Free, >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:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Fee Information

  • Annual Water Sewer Expense: 2880.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 6360 SF
  • Additional Parcels: No
  • Parcel #: 159-36-133

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 34086.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1300.0
  • Property Net Operating Income: 27167.0
  • Annual Operating Expense: 6949.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 869.0
  • Tax Book Number: 159.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2024
Sold by
Pandey Anshul
Bought by
Aad Holdings Phx Llc
Total Days on Market
6
Current Estimated Value
$595,789

Purchase Details

Listed on
Feb 12, 2021
Closed on
Mar 17, 2021
Sold by
Riggio Smith J and Riggio Diane
Bought by
Pandey Anshul
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Renee & Kevin Epple
HomeSmart
List Price
$460,000
Sold Price
$460,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.90%
Original Mortgage
$345,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2008
Sold by
Kit Properties Llc
Bought by
Smith J Daniel and Riggio Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.07%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 23, 2004
Sold by
Imirzian Marlene
Bought by
Kit Properties Llc

Purchase Details

Closed on
Aug 19, 2003
Sold by
Ambrosiano Leonard J and Cortrigh Joani J
Bought by
Imirzian Marlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,800
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2003
Sold by
Kuehn Carl
Bought by
Imirzian Marlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,800
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 2000
Sold by
Stapley Harold D and Stapley Shirley A
Bought by
Ambrosiano Leonard J and Cortright Joani J

Purchase Details

Closed on
Oct 22, 1998
Sold by
Mcentire Gary W
Bought by
Stapley Harold D and Stapley Shirley A

Purchase Details

Closed on
Jan 21, 1997
Sold by
Mcentire Nancy L
Bought by
Mcentire Gary W

Purchase Details

Closed on
Mar 12, 1996
Sold by
Mcentire Nancy L
Bought by
Mcentire Gary W
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Aad Holdings Phx Llc -- None Listed On Document
Pandey Anshul $460,000 Chicago Title Agency
Smith J Daniel $165,000 Landamerica Title Agency Inc
Kit Properties Llc -- Capital Title Agency Inc
Imirzian Marlene $131,000 Capital Title Agency Inc
Imirzian Marlene -- Capital Title Agency Inc
Ambrosiano Leonard J $60,000 Chicago Title Insurance Co
Stapley Harold D $63,000 --
Mcentire Gary W -- --
Mcentire Gary W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pandey Anshul $345,000
Previous Owner Smith J Daniel $115,000
Previous Owner Imirzian Marlene $104,800
Previous Owner Imirzian Marlene $104,800
Previous Owner Mcentire Gary W $38,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2021 03/22/21 Sold $460,000 0.0% $239 / Sq Ft
02/15/2021 02/15/21 Pending -- -- --
02/09/2021 02/09/21 For Sale $460,000 -- $239 / 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 $927 $7,577 -- --
2024 $910 $7,216 -- --
2023 $910 $30,550 $6,110 $24,440
2022 $880 $21,750 $4,350 $17,400
2021 $891 $18,430 $3,680 $14,750
2020 $869 $16,530 $3,300 $13,230
2019 $853 $14,500 $2,900 $11,600
2018 $831 $11,020 $2,200 $8,820
2017 $827 $9,800 $1,960 $7,840
2016 $812 $9,150 $1,830 $7,320
2015 $752 $7,450 $1,490 $5,960
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6193163

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-36-133