NOT LISTED FOR SALE

940 E Rose Ln Phoenix, AZ 85014

Camelback East Village Neighborhood

Estimated Value: $858,418 - $950,000

-- Bed
-- Bath
1,222 Sq Ft
$735/Sq Ft Est. Value

Last Sold January 23, 2020

Last sale price $523,000 $428 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,923/month

12 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of January 2020

DO NOT MISS OUT on this Incredible investment opportunity centrally located in the heart of North Central Phoenix! Charming occupied one bedroom units with private patios. Close to amenities such as bus lines, supermarkets and restaurants. Easy freeway access.

Last Agent to Sell the Property

Shant Janesian

Pak Home Realty License #SA666455000 Listed on: 12/10/2019

Pak Home Realty

Last Buyer's Agent

Tina Hannaford

Coldwell Banker Realty License #SA669654000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,423

Year Built

  • Built in 1957

Lot Details

  • 9,583

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stone Exterior Construction

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Madison Elementary School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV, landscaping
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 161-15-061

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 9574
  • Twin Palms Lots 1 Thru 10 Subdivision

Building Details

  • Operating Expense $6,243
  • Gross Income $31,820
  • Net Operating Income $26,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,423

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: 7th Street & East Rose Lane
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-6
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: TWIN PALMS LOTS 1 THRU 10
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stone, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: 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:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 2280.0

Schools

  • Elementary School: Madison Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 9574
  • Additional Parcels: No
  • Parcel #: 161-15-061

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 31820.0
  • Insurance Expense: 1040.0
  • Property Net Operating Income: 26000.0
  • Annual Operating Expense: 6243.0

Tax Info

  • Tax Annual Amount: 2423.0
  • Tax Book Number: 161.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2021
Sold by
Hannaford Tina and Hannaford Robert
Bought by
Hannaford Robert
Current Estimated Value
$898,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,500
Outstanding Balance
$371,150
Interest Rate
2.7%
Estimated Equity
$527,205

Purchase Details

Listed on
Dec 10, 2019
Closed on
Feb 29, 2020
Sold by
Hannaford Robert Charles
Bought by
Casa Isabella Llc
Seller's Agent
Shant Janesian
Pak Home Realty
Buyer's Agent
Tina Hannaford
Coldwell Banker Realty
List Price
$515,000
Sold Price
$523,000
Premium/Discount to List
$8,000
1.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.50%
Original Mortgage
$392,250
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 10, 2019
Closed on
Jan 22, 2020
Sold by
Tenrose Llc
Bought by
Hannaford Robert Charles
Seller's Agent
Shant Janesian
Pak Home Realty
Buyer's Agent
Tina Hannaford
Coldwell Banker Realty
List Price
$515,000
Sold Price
$523,000
Premium/Discount to List
$8,000
1.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,250
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2017
Sold by
Piekarz Delores
Bought by
Piekarz Delores

Purchase Details

Closed on
Mar 16, 2015
Sold by
Piekarz Dale J and Piekarz Delores
Bought by
Piekarz Delores

Purchase Details

Closed on
Dec 28, 2002
Sold by
Piekarz Dale J and Piekarz Delores
Bought by
The Piekarz Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hannaford Robert -- Pioneer Title Agency Inc
Hannaford Robert C -- Pioneer Title Agency Inc
Casa Isabella Llc -- None Available
Hannaford Robert Charles $523,000 Jetclosing Inc
Hannaford Robert C -- Jet Closing Inc
Piekarz Delores -- None Available
Piekarz Delores -- None Available
The Piekarz Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hannaford Robert C $408,500
Previous Owner Hannaford Robert Charles $392,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2020 01/23/20 Sold $523,000 +1.6% $428 / Sq Ft
12/22/2019 12/22/19 Pending -- -- --
12/10/2019 12/10/19 For Sale $515,000 -- $421 / 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 $2,772 $21,281 -- --
2024 $2,572 $20,267 -- --
2023 $2,572 $60,870 $12,170 $48,700
2022 $2,496 $47,910 $9,580 $38,330
2021 $2,517 $40,770 $8,150 $32,620
2020 $2,478 $33,200 $6,640 $26,560
2019 $2,423 $27,780 $5,550 $22,230
2018 $2,364 $24,630 $4,920 $19,710
2017 $2,253 $22,730 $4,540 $18,190
2016 $2,175 $19,400 $3,880 $15,520
2015 $2,020 $18,780 $3,750 $15,030
Source: Public Records

Agents Affiliated with this Home

  • Shant Janesian

    Seller's Agent in 2020

    Shant Janesian

    Pak Home Realty

    (551) 587-0232

    1 in this area

    51 Total Sales

    Shant Janesian
    Section Image

  • T

    Buyer's Agent in 2020

    Tina Hannaford

    Coldwell Banker Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6016174

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-15-061

Arizona Maricopa County Phoenix 85014 Camelback East Village

940 E Rose Ln, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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