NOT LISTED FOR SALE

Estimated Value: $941,000 - $2,013,000

8 Beds
8 Baths
550 Sq Ft
$2,705/Sq Ft Est. Value

Last Sold August 27, 2012

Last sale price $350,000 $636 Per Sq Ft

Est. 325% increase in value since last sale

Current estimated payment $8,763/month

58 Days on Market

Highlights

  • Cooling Available
  • Painted or Stained Flooring
  • 3-minute walk to Walton Park
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of August 2012

Traditional sale with long term owner. All one bedrooms. Newer plumbing & Electric. A/C's are five years old. Located in the Willo Historic District. Buyer to verify all facts and figures to their satisfaction. See Private Remarks for more information.

Last Agent to Sell the Property

Jason Campagna

Orion Investment Real Estate License #SA543294000 Listed on: 06/04/2012

Co-Listed By

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,695

Year Built

  • Built in 1930

Lot Details

  • 0.26

Parking

  • On-Street Parking

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Oven or Range
  • Painted or Stained Flooring

Community Details

  • $2,820 per year Dock Fee
  • 8 Units
  • Building Dimensions are IRR

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for landscaping, sewer, trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,695

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Appliances Included: BI Oven/Range
  • Construction Finish: Painted, Stucco
  • Cross Street: McDowell & Central
  • Legal Info Lot Number: 16
  • Roads Streets: Asphalt
  • Property Type: F
  • Legal Description Abbrev: Las Palmas
  • Marketing Name: Phoenix 8 Units
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 8.00
  • Map Code Grid: P34
  • Year Built: 1930
  • Tax Year: 2011
  • Directions: From Central go West on McDowell Rd, North on 3rd Ave, and then East on Cypress St to property.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Green Landscaping
  • Roofing: Built-Up
  • Construction: Frame - Wood

Garage/Parking

  • Parking: Street Parking
  • Total Parking Spaces: 8.00

Utilities

  • Water: City Franchise
  • Electric: APS
  • Gas: SW Gas
  • Cooling: Electric, Individual
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: No Pool

Lot Info

  • Lot Size: IRR

Multi Family

  • Income And Expenses Operating Exp: 2820.00
  • Income And Expenses Vacancy Allowance: 0.15
  • Number Of One Bedroom Units: 8
  • One Bedroom Units Avg Sq Ft: 550
  • One Bedroom Units Baths: 1
  • Owner Pays: Landscaping, Sewer, Trash Collection, Water
  • Tenant Pays: Electric
  • Total Numberof Buildings: 2
  • Total Numberof Units: 8.00

Tax Info

  • Taxes: 2820.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2013
Sold by
Holsinger Wayne T
Bought by
Sofar Properties Llc
Current Estimated Value
$1,487,680

Purchase Details

Listed on
Jun 4, 2012
Closed on
Aug 24, 2012
Sold by
Family Church Of Jesus Christ
Bought by
Pacheco Alexander M
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
List Price
$390,000
Sold Price
$350,000
Premium/Discount to List
-$40,000
-10.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.51%

Purchase Details

Listed on
Jun 4, 2012
Closed on
Aug 20, 2012
Sold by
Pacheco Alexander M
Bought by
Holsinger Wayne T
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
List Price
$390,000
Sold Price
$350,000
Premium/Discount to List
-$40,000
-10.26%

Purchase Details

Closed on
Nov 30, 2011
Sold by
Pacheco Alexander M
Bought by
Family Church Of Jesus Christ

Purchase Details

Closed on
Aug 12, 2003
Sold by
Family Church Of Jesus Christ
Bought by
Pacheco Alexander M and The Family Church Of Jesus Christ

Purchase Details

Closed on
Nov 6, 2001
Sold by
Pacheco Alexander M and Alexander Rev Ali
Bought by
Family Church Of Jesus Christ

Purchase Details

Closed on
Jun 5, 1987
Sold by
Brophy Janet
Bought by
Lewis John R and Pacheco Alexander M

Purchase Details

Closed on
Oct 3, 1978
Sold by
Lang D Richard and Lang Marilyn D
Bought by
Iadicicco Salvatore
Source: Public Records

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
Sofar Properties Llc $575,000 Lawyers Title Of Arizona Inc
Pacheco Alexander M -- Lawyers Title Of Arizona Inc
Holsinger Wayne T $350,000 Lawyers Title Of Arizona Inc
Family Church Of Jesus Christ -- None Available
Pacheco Alexander M -- --
Family Church Of Jesus Christ -- --
Lewis John R -- Chicago Title Insurance Co
Iadicicco Salvatore -- Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sofar Properties Llc $373,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2012 08/27/12 Sold $350,000 -10.3% $636 / Sq Ft
08/01/2012 08/01/12 Pending -- -- --
06/04/2012 06/04/12 For Sale $390,000 -- $709 / 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 $5,695 $42,588 -- --
2024 $5,640 $40,560 -- --
2023 $5,640 $112,660 $22,530 $90,130
2022 $5,440 $107,200 $21,440 $85,760
2021 $5,399 $101,700 $20,340 $81,360
2020 $5,461 $93,310 $18,660 $74,650
2019 $5,452 $89,810 $17,960 $71,850
2018 $5,359 $67,350 $13,470 $53,880
2017 $5,235 $67,160 $13,430 $53,730
2016 $5,085 $60,830 $12,160 $48,670
2015 $4,705 $56,930 $11,380 $45,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4769034

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-51-090