NOT LISTED FOR SALE

Estimated Value: $289,000 - $483,000

-- Bed
-- Bath
1,520 Sq Ft
$258/Sq Ft Est. Value

Last Sold March 14, 2014

Last sale price $134,000 $88 Per Sq Ft

Est. 193% increase in value since last sale

Current estimated payment $2,305/month

82 Days on Market

Highlights

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • 2-minute walk to Norton Park
  • Sunnyslope High School Rated A

About This Home

As of March 2014

Excellent Condition! Fully occupied for maximum cash flow. This 4 unit multi family property is located at 7th St and Hatcher--close to shopping, bus routes, light rail, and freeways. There is one one bedroom and three two bedroom units.

Last Listed By

Jennie Miller PLLC

Market Edge Realty, LLC License #BR638404000 Listed on: 12/18/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $573

Year Built

  • Built in 1952

Lot Details

  • Additional Parcels

Home Design

  • Concrete Roof
  • Block Exterior
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Sunnyslope Elementary School
  • Royal Palm Middle School
  • Sunnyslope High School

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 43A and 43B
  • Assessor Parcel Number 159-34-043-b

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 16124

Building Details

  • Operating Expense $4,389
  • Gross Income $16,471

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$573

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Cross Street: 7TH ST/ HATCHER
  • Property Type: Multiple Dwellings
  • Zoning: RES
  • Number Of Buildings: 2
  • Year Built: 1952
  • Tax Year: 2013
  • Directions: 7TH STREET NORTH TO HATCHER EAST TO PROPERTY
  • Road Surface Type: Dedicated Street
  • Tax Parcel Letter: b
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Concrete, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Evaporative Cooling
  • 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:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

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

Lot Info

  • Lot Size: 16124
  • Additional Parcels: Yes
  • Parcel #: 159-34-043-b

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 16470.6
  • Insurance Expense: 1416.0
  • Annual Operating Expense: 4389.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 573.0
  • Tax Book Number: 159.00
  • Tax Lot: 43A and 43B

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2024
Sold by
Zumz Llc
Bought by
Hatcher Rd Llc
Total Days on Market
82
Current Estimated Value
$392,666

Purchase Details

Closed on
May 26, 2022
Sold by
David Rodriguez
Bought by
Zumz Llc

Purchase Details

Closed on
Feb 23, 2022
Sold by
Isapa Llc
Bought by
Rodriguez David and Rodriguez Fidel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2018
Sold by
Hayes Laura
Bought by
Isapa Llc

Purchase Details

Closed on
Feb 8, 2018
Sold by
Cichello James
Bought by
Cichello James

Purchase Details

Listed on
Dec 18, 2013
Closed on
Mar 10, 2014
Sold by
Baum Mark
Bought by
Cichello James
Seller's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
Buyer's Agent
Chad Barber
Fenix CRE
List Price
$144,000
Sold Price
$134,000
Premium/Discount to List
-$10,000
-6.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.08%
Original Mortgage
$52,500
Interest Rate
4.29%
Mortgage Type
New Conventional

Range of Values:

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Average Value
Not Available
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
Hatcher Rd Llc -- None Listed On Document
Hatcher Rd Llc -- None Listed On Document
Zumz Llc -- --
Rodriguez David $200,000 Driggs Title Agency
Isapa Llc $200,000 North American Title Company
Cichello James -- None Available
Cichello James $70,000 Sterling Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez David $150,000
Previous Owner Cichello James $52,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2014 03/14/14 Sold $134,000 -6.9% $88 / Sq Ft
03/10/2014 03/10/14 Pending -- -- --
12/18/2013 12/18/13 For Sale $144,000 -- $95 / 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 $1,416 $11,578 -- --
2024 $1,390 $11,027 -- --
2023 $1,390 $26,320 $5,260 $21,060
2022 $1,345 $18,670 $3,730 $14,940
2021 $1,362 $15,980 $3,190 $12,790
2020 $1,328 $13,880 $2,770 $11,110
2019 $1,304 $12,000 $2,400 $9,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5043827

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-34-043C