NOT LISTED FOR SALE

Estimated Value: $639,000 - $664,000

2 Beds
2 Baths
2,292 Sq Ft
$284/Sq Ft Est. Value

Sale Details

Date Sold: May 2, 2022

Last sale price $695,000 $303 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,747 / mo

1 Day on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Longview Elementary School Rated 9+

About This Home

As of May 2022

Four units located in rapidly gentrifying Mid-Town Phoenix. Single Family Home in front of property with 3 Studio Units behind, sharing a courtyard. Value Add opportunity through continued interior & exterior renovations. All units are 100% occupied & rental rates posted are current. Owner pays all utilities. No showings until contract acceptance. Please see Semi-Private Remarks.

Last Agent to Sell the Property

Tom Palestina

ABI Multifamily License #SA688331000 Listed on: 04/05/2022

Co-Listed By

Andrew Arambula

ABI Multifamily License #SA688881000

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,653

Year Built

  • Built in 1951

Lot Details

  • 6,011

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 3 Parking Spaces
  • 1 Covered Space
  • Paved Parking
  • On-Street Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, sewer, landscaping
  • Legal Lot and Block 2 / 1
  • Assessor Parcel Number 118-04-002

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are 6000
  • Campbell Addition Subdivision

Building Details

  • Operating Expense $2,653
  • Gross Income $59,753
  • Net Operating Income $43,845

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,653

Year Built

Built in 1951

Lot Details

6,011 Sq Ft Lot

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1951
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: CAMPBELL ADDITION
  • Garage Yn: Yes
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Dishwasher, Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Paved, On Street
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Other
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 6000
  • Additional Parcels: No
  • Parcel #: 118-04-002

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 59753.1
  • Property Net Operating Income: 43845.0
  • Annual Operating Expense: 2653.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2653.0
  • Tax Block: 1
  • Tax Book Number: 118.00
  • Tax Lot: 2

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

Closed on
May 17, 2023
Sold by
Bought by
Current Estimated Value
$650,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,800
Outstanding Balance
$593,398
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$56,887

Purchase Details

Closed on
Sep 15, 2022
Sold by
Bought by

Purchase Details

Listed on
Apr 5, 2022
Closed on
Apr 24, 2022
Sold by
Bought by
Seller's Agent
Tom Palestina
ABI Multifamily
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$695,000
Sold Price
$695,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.59%
Original Mortgage
$598,500
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 3, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2011
Sold by
Bought by

Purchase Details

Closed on
Nov 19, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 2, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 2, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 19, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.38%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- --
-- --
$695,000 New Title Company Name
-- Fidelity National Title Agen
-- Fidelity National Title Agen
$44,900 Chicago Title Company
-- None Available
-- None Available
-- Grand Canyon Title Agency
-- First American Title
$281,082 First American Title
-- Ticor Title Agency Of Az Inc
-- Arizona Title Agency Inc
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 $612,800
Previous Owner $598,500
Previous Owner $120,000
Previous Owner $58,000
Previous Owner $136,000
Previous Owner $70,000
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
05/02/2022 05/02/22 Sold $695,000 0.0% $303 / Sq Ft
04/05/2022 04/05/22 For Sale $695,000 -- $303 / 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 $2,810 $21,641 -- --
2024 $2,624 $20,610 -- --
2023 $2,624 $43,150 $8,630 $34,520
2022 $2,609 $33,180 $6,630 $26,550
2021 $2,653 $29,320 $5,860 $23,460
2020 $2,586 $26,320 $5,260 $21,060
2019 $2,474 $23,150 $4,630 $18,520
2018 $2,392 $23,160 $4,630 $18,530
2017 $2,196 $19,530 $3,900 $15,630
2016 $1,442 $15,460 $3,090 $12,370
2015 $1,341 $13,570 $2,710 $10,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6378863

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-04-002

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