NOT LISTED FOR SALE

Estimated Value: $312,000 - $590,000

3 Beds
-- Baths
1,680 Sq Ft
$281/Sq Ft Est. Value

Sale Details

Date Sold: May 12, 2020

Last sale price $339,500 $202 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,692 / mo

7 Days on Market

Highlights

  • 2 Car Attached Garage
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of May 2020

Rare opportunity in high demand Central Phoenix Melrose location where you can walk to coffee, restaurants and the popular mid century, vintage and antique shops along 7th Ave! This duplex consists of a 1 bed, 1 bath unit (unit B) at approximately 700 sq ft and a 2 bedroom, 1 bath (unit A) at approximately 980 sq ft. Unit A is month to month and unit B leased until 2/2021.
Private carport parking, rear yard, storage, front patio and laundry. Opportunity for increased rents and/or live in one unit and rent the other for cash flow. It is all about location here in one of the hottest areas of Central Phoenix. Property is in good condition and interior of units have tile flooring, newer cabinetry and baths.

Last Agent to Sell the Property

Shane Burleson

Keller Williams Arizona Realty License #SA643502000 Listed on: 03/20/2020

Keller Williams Arizona Realty

Last Buyer's Agent

Carrie Lehrman

SRL Group License #BR626599000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,027

Year Built

  • Built in 1958

Lot Details

  • 6,186

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Car Attached Garage
  • Common or Shared Parking
  • Free Parking

Schools

  • Encanto Elementary School
  • Osborn Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, landscaping
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 155-39-094-j

Community Details

Overview

  • 2 Units
  • Building Dimensions are 94' x 64'
  • Del Monte North Subdivision

Building Details

  • Operating Expense $3,587
  • Net Operating Income $18,203

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,027

Year Built

Built in 1958

Lot Details

6,186 Sq Ft Lot

Listing Details

  • Cross Street: 7th Avenue and Indian School
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2019
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Alley
  • Subdivision Name: Del Monte North
  • Tax Parcel Letter: j
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking, Free, Attached, <1 Space Per Unit, Common
  • Attached Garage: Yes
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Attached: Yes
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1157.16

Schools

  • Elementary School: Encanto School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 94' x 64'
  • Additional Parcels: No
  • Parcel #: 155-39-094-j

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Landscaping
  • Number Of Units Total: 2
  • Insurance Expense: 371.07
  • Maintenance Expense: 1032.05
  • Property Net Operating Income: 18203.24
  • Annual Operating Expense: 3587.26

Tax Info

  • Tax Annual Amount: 1026.98
  • Tax Book Number: 155.00
  • Tax Lot: 00

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
Mar 20, 2020
Closed on
May 11, 2020
Sold by
Lau Jonathan Tony and Pattara Lau Tina
Bought by
Seller's Agent
Shane Burleson
Keller Williams Arizona Realty
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$349,500
Sold Price
$339,500
Premium/Discount to List
-$10,000
-2.86%
Current Estimated Value
$472,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,165
Avg. Annual Appreciation
5.39%
Original Mortgage
$254,625
Outstanding Balance
$222,077
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$250,588

Purchase Details

Listed on
Mar 20, 2020
Closed on
Mar 31, 2020
Sold by
Campbell 11 Llc
Bought by
Pattara Lau Tina
Seller's Agent
Shane Burleson
Keller Williams Arizona Realty
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$349,500
Sold Price
$339,500
Premium/Discount to List
-$10,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,625
Outstanding Balance
$222,077
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$250,588

Purchase Details

Listed on
Sep 15, 2016
Closed on
Sep 8, 2016
Sold by
Alvarez Eleuteria and Alvarez Juan Carlos
Bought by
Campbell 11 Llc
Seller's Agent
Dorian Kreiling
West USA Realty
Buyer's Agent
Dorian Kreiling
West USA Realty
Sold Price
$650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.30%

Purchase Details

Closed on
Jun 1, 2004
Sold by
Cam One Properties Llc
Bought by
Alvarez Juan Carlos and Alvarez Eleuteria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2004
Sold by
Grand Bank For Savings Fsb
Bought by
Cam One Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
6.09%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Premier Title Agency
Tamarindo Holdings Llc -- Accommodation
Pattara Lau Tina $339,500 Premier Title Agency
Campbell 11 Llc $140,000 Empire West Title Agency
Alvarez Juan Carlos $118,000 First Financial Title Agency
Cam One Properties Llc -- --
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 $254,625
Previous Owner Alvarez Juan Carlos $94,400
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
05/12/2020 05/12/20 Sold $339,500 -2.9% $202 / Sq Ft
03/20/2020 03/20/20 For Sale $349,500 0.0% $208 / Sq Ft
02/01/2017 02/01/17 Rented $750 0.0% --
01/17/2017 01/17/17 Under Contract -- -- --
01/12/2017 01/12/17 For Rent $750 +15.4% --
10/01/2016 10/01/16 Rented $650 0.0% --
09/21/2016 09/21/16 Under Contract -- -- --
09/15/2016 09/15/16 For Rent $650 0.0% --
09/09/2016 09/09/16 Sold $140,000 -12.4% $83 / Sq Ft View Prior Sale
08/27/2016 08/27/16 Pending -- -- --
08/24/2016 08/24/16 Price Changed $159,888 -5.9% $95 / Sq Ft
08/23/2016 08/23/16 For Sale $169,888 0.0% $101 / Sq Ft
08/14/2016 08/14/16 Pending -- -- --
05/13/2016 05/13/16 For Sale $169,888 -- $101 / Sq Ft
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 $1,167 $8,983
2024 $1,089 $8,556
2023 $1,089 $35,370 $7,070 $28,300
2022 $1,083 $24,330 $4,860 $19,470
2021 $1,101 $21,210 $4,240 $16,970
2020 $1,074 $17,660 $3,530 $14,130
2019 $1,027 $15,220 $3,040 $12,180
2018 $993 $15,430 $3,080 $12,350
2017 $912 $10,810 $2,160 $8,650
2016 $879 $9,180 $1,830 $7,350
2015 $817 $8,130 $1,620 $6,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6053586

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-39-094J

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