NOT LISTED FOR SALE

929 W Myrtle Ave Unit 1-4 Phoenix, AZ 85021

Alhambra Neighborhood

Estimated Value: $872,000 - $1,472,000

-- Bed
-- Bath
3,520 Sq Ft
$311/Sq Ft Est. Value

Last Sold November 19, 2018

Last sale price $435,000 $124 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $6,248/month

2 Days on Market

Highlights

  • Central Heating and Cooling System
  • Washington High School Rated A-
  • Concrete Flooring

About This Home

As of November 2018

Extremely well located investment property on nearly a half acre in a wonderful mature Central Phoenix neighborhood. Buildings are surrounded by upgraded single family homes, so it's a truly a one-of-a-kind multi-family property. Total of 4 Dwelling Units configured in 2 Duplexes with Value Added Rental upside. Currently fully tenant occupied. All units have separate washer & dryer hookups with additional on-site storage available. Shared Driveway has been recently re-paved. NOTE: Please see Documents under Documents TAB for Disclosure Notice to Prospective Purchasers. Any Tenant owned appliances (refrigerators, washers, dryers) do not convey with purchase.

Last Listed By

Gary Frantz

Coldwell Banker Realty License #BR102532000 Listed on: 10/15/2018

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,245

Year Built

  • Built in 1956

Lot Details

  • Property fronts an alley

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 7 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Schools

  • Orangewood Elementary And Middle School
  • Washington High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot Metes and Bounds
  • Assessor Parcel Number 157-10-042-C

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 83 x 255
  • Metes And Bounds Subdivision

Building Details

  • Operating Expense $19,573
  • Gross Income $29,017
  • Net Operating Income $10,570

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,245

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: GLENDALE AVE & 7th AVE
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R1-10
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2018
  • Directions: North on Glendale AVE to Myrtle AVE; West on Myrtle AVE to Multi-Family Homes on South Side of Myrtle AVE.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4068.0
  • Co List Office Mls Id: cbrb22
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: Metes and Bounds
  • Tax Parcel Letter: C
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances: Other (See Remarks), F/S Oven/Range, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Paved Parking, Assigned, <1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Individual, Central A/C
  • Heating: Individual, Central, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Irrigation, Master Meter, CAP
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 420.0
  • Annual Water Sewer Expense: 2163.0

Schools

  • Elementary School: Orangewood School
  • High School: Washington High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Orangewood School

Lot Info

  • Lot Size: 83 x 255
  • Additional Parcels: No
  • Parcel #: 157-10-042-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 140.0
  • Annual Gross Income: 29016.8
  • Insurance Expense: 2650.0
  • Maintenance Expense: 4637.0
  • Property Net Operating Income: 10570.0
  • Annual Operating Expense: 19573.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1245.0
  • Tax Book Number: 157.00
  • Tax Lot: Metes and Bounds

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2022
Sold by
Osselaer and Jessica
Bought by
Myrtle 928 Llc
Total Days on Market
2
Current Estimated Value
$1,094,480

Purchase Details

Closed on
Feb 16, 2021
Sold by
Casper Holdings Llc
Bought by
Osselaer Michael and Green Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 15, 2018
Closed on
Nov 12, 2018
Sold by
Reynolds Craig Alan and The Lois Marilyn Reynolds Trus
Bought by
Casper Holdings Llc
Seller's Agent
Gary Frantz
Coldwell Banker Realty
Buyer's Agent
Gary Frantz
Coldwell Banker Realty
List Price
$325,000
Sold Price
$435,000
Premium/Discount to List
$110,000
33.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.43%
Original Mortgage
$318,000
Interest Rate
4.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 22, 2018
Sold by
Reynolds Lois Marilyn
Bought by
Reynolds Craig Alan and Lois Marilyn Reynolds Trust

Purchase Details

Closed on
Jan 25, 2008
Sold by
Reynolds Theo and Reynolds Lois M
Bought by
Reynolds Theo and Reynolds Lois M

Purchase Details

Closed on
Dec 28, 2007
Sold by
Reynolds Lois Marilyn
Bought by
Reynolds Craig Alan

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
Myrtle 928 Llc -- Maynard Cronin Erickson & Curr
Myrtle 928 Llc -- Maynard Cronin Erickson & Curr
Osselaer Michael $925,000 Chicago Title Agency Inc
Casper Holdings Llc $435,000 Landmark Title Assurance Age
Reynolds Craig Alan -- None Available
Reynolds Theo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Osselaer Michael $400,000
Previous Owner Casper Holdings Llc $318,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2018 11/19/18 Sold $435,000 +33.8% $124 / Sq Ft
10/15/2018 10/15/18 For Sale $325,000 -- $92 / 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 $1,464 $11,968 -- --
2024 $1,437 $11,398 -- --
2023 $1,437 $63,430 $12,680 $50,750
2022 $1,390 $42,860 $8,570 $34,290
2021 $1,408 $41,410 $8,280 $33,130
2020 $1,373 $36,820 $7,360 $29,460
2019 $1,348 $28,760 $5,750 $23,010
2018 $1,313 $22,670 $4,530 $18,140
2017 $1,306 $19,380 $3,870 $15,510
2016 $1,282 $16,580 $3,310 $13,270
2015 $1,187 $14,320 $2,860 $11,460
Source: Public Records

Agents Affiliated with this Home

  • Gary Frantz

    Seller's Agent in 2018

    Gary Frantz

    Coldwell Banker Realty

    (602) 770-7799

    1 in this area

    11 Total Sales

    Gary Frantz
    Section Image
  • Lisa Adam Blair

    Seller Co-Listing Agent in 2018

    Lisa Adam Blair

    HomeSmart

    (602) 397-0524

    14 Total Sales

    Lisa Adam Blair
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5833487

Arizona Regional Multiple Listing Service (ARMLS)

APN: 157-10-042C

Arizona Maricopa County Phoenix 85021 Alhambra

929 W Myrtle Ave Unit 1-4, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 929 W Myrtle Ave Unit 1-4, Phoenix, AZ 85021 since 15 October 2018 and is currently estimated at $1,094,480, approximately $310 per square foot. This property was built in 1956. 929 W Myrtle Ave Unit 1-4 is a home located in Maricopa County with nearby schools including Orangewood School, Washington High School, and CASA Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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