NOT LISTED FOR SALE

Estimated Value: $531,000 - $647,000

6 Beds
-- Bath
2,688 Sq Ft
$221/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $445,000 $166 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,163/month

188 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating Available
  • Sunnyslope High School Rated A

About This Home

As of August 2020

We are pleased to announce well maintained 4 plex in the of North Phoenix. This block-construction 4 plex has been recently rehabbed and consists of two one-bedroom/one bath and two two bedroom/one bath apartments. Each unit has dual pane windows, newer doors, newer appliances and fixtures, ceramic tile floors, newer electric service panels, and paint. The roof and A/C units are also newer. In addition, each unit has a covered parking space and a storage space. Possible room for stack able washer and dryer. Rents are way below market owner self manages and has not raised rents in years 650-750 currently. Proforma rents are 800-900. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale.

Last Agent to Sell the Property

Sophia Baron

Get Multifamily License #BR648866000 Listed on: 01/09/2020

Co-Listed By

Joshua Willets

Grace CRE License #BR675965000

Last Buyer's Agent

Rocky Banovac

Pacwest Properties, Inc License #BR006400000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $825

Year Built

  • Built in 1964

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • Carport

Utilities

  • Evaporated cooling system
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer, trash collection
  • Tax Lot 19
  • Assessor Parcel Number 158-34-066

Community Details

Overview

  • 4 Units
  • Building Dimensions are unknown
  • Turner Terrace Pt Lot 58 Or Foothill Acres Subdivision

Building Details

  • Operating Expense $9,445
  • Gross Income $38,760
  • Net Operating Income $29,315

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$825

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 15th Ave & Peoria Ave
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-975-5516
  • Subdivision Name: TURNER TERRACE PT LOT 58 OR FOOTHILL ACRES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Refrigerator

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Carport
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling, Electric, Varies by Unit
  • Heating: Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 2500.0

Schools

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

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 158-34-066

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity, Gas
  • Number Of Units Total: 4
  • Electric Expense: 120.0
  • Annual Gross Income: 38760.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 29315.0
  • Annual Operating Expense: 9445.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 825.0
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2020
Closed on
Aug 27, 2020
Sold by
Duane Properties 3 Llc
Bought by
Bradshaw Apartments Llc
Seller's Agent
Sophia Baron
Get Multifamily
Buyer's Agent
Rocky Banovac
Pacwest Properties, Inc
List Price
$450,000
Sold Price
$445,000
Premium/Discount to List
-$5,000
-1.11%
Current Estimated Value
$593,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,990
Avg. Annual Appreciation
5.42%

Purchase Details

Closed on
Sep 21, 2017
Sold by
Duane Paul F and Duane Jeanne M
Bought by
Duane Properties 3 Llc and Duane Jeanne

Purchase Details

Closed on
Jan 31, 2017
Sold by
Duane Properties 3 Llc
Bought by
Duane Paul F and Duane Jeanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2016
Sold by
Duane Paul F and Duane Jeanne M
Bought by
Duane Properties 3 Llc

Purchase Details

Listed on
May 27, 2016
Closed on
Jul 14, 2016
Sold by
Kesner Matthew and Lewis Renee
Bought by
Duane Paul F and Duane Jeanne M
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Rena Chavez
HomeSmart
List Price
$195,000
Sold Price
$180,000
Premium/Discount to List
-$15,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.30%

Purchase Details

Closed on
Oct 2, 2014
Sold by
Wallaby Ii Llc
Bought by
Kesner Lewis Revocable Trust and Lewis Renee

Purchase Details

Closed on
Oct 14, 2013
Sold by
Kesner Matthew and Lewis Renee
Bought by
Wallaby Ii Llc

Purchase Details

Listed on
Feb 17, 2012
Closed on
Apr 27, 2012
Sold by
Findlay Jacob
Bought by
Kesner Matthew and Lewis Renee
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Terry Kass
Coldwell Banker Commercial Realty
List Price
$139,000
Sold Price
$128,000
Premium/Discount to List
-$11,000
-7.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.76%
Original Mortgage
$96,000
Interest Rate
3.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 8, 2010
Sold by
Findlay Leslie
Bought by
Findlay Jacob

Purchase Details

Closed on
Apr 9, 2009
Sold by
Findlay Leslie
Bought by
Findlay Jacob

Purchase Details

Closed on
Apr 8, 2009
Sold by
Brown Leslie
Bought by
Bown Julie

Purchase Details

Closed on
Jul 5, 2007
Sold by
Stolz Judith A
Bought by
Suntrust Mortgage Inc

Purchase Details

Closed on
Mar 26, 2007
Sold by
Suntrust Mortgage Inc
Bought by
Findlay Jacob and Brown Julie

Purchase Details

Closed on
Jun 27, 2006
Sold by
One Lone Eagle Llc
Bought by
Stolz Judy

Purchase Details

Closed on
Feb 8, 2006
Sold by
Stolz Judith A
Bought by
One Lone Eagle Llc

Purchase Details

Closed on
Dec 5, 2005
Sold by
Thacker Ginger
Bought by
Stolz Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,925
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2003
Sold by
Whitten Ruben and Whitten Kristina
Bought by
Thacker Ginger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,600
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2000
Sold by
Ashton Alan W and Ashton Diane B
Bought by
Gomez Rigoberto and Najera Lizbeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,100
Interest Rate
8.18%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 8, 1997
Sold by
Lele Andrei and Lele Jolan
Bought by
Ashton Alan W and Ashton Diane B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,300
Interest Rate
7.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 1994
Sold by
Bernier Roy J
Bought by
Lele Andrei and Lele Jolan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
10.3%
Mortgage Type
New Conventional
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

Date Buyer Sale Price Title Company
Bradshaw Apartments Llc $445,000 Chicago Title Agency Inc
Duane Properties 3 Llc -- None Available
Duane Paul F -- Pioneer Title Agency Inc
Duane Properties 3 Llc -- None Available
Duane Paul F $180,000 First American Title Ins Co
Kesner Lewis Revocable Trust -- None Available
Wallaby Ii Llc -- None Available
Kesner Matthew $128,000 Chicago Title Agency Inc
Findlay Jacob -- Title Management Agency Of A
Findlay Jacob -- Title Management Agency Of A
Findlay Jacob -- Chicago Title
Bown Julie -- Chicago Title
Suntrust Mortgage Inc $132,606 First American Title
Findlay Jacob $50,000 Chicago Title Insurance Comp
Stolz Judy -- None Available
One Lone Eagle Llc -- None Available
Stolz Judith A $304,500 Westminster Title Agency Inc
Thacker Ginger $182,000 Ticor Title Agency Of Az Inc
Gomez Rigoberto $110,000 Nations Title Insurance
Ashton Alan W $87,000 Grand Canyon Title Agency In
Lele Andrei $82,500 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duane Paul F $126,000
Previous Owner Kesner Matthew $96,000
Previous Owner Stolz Judith A $197,925
Previous Owner Thacker Ginger $145,600
Previous Owner Gomez Rigoberto $109,100
Previous Owner Ashton Alan W $78,300
Previous Owner Lele Andrei $66,000
Closed Stolz Judith A $106,575
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2020 08/31/20 Sold $445,000 -1.1% $166 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
04/29/2020 04/29/20 For Sale $450,000 +1.1% $167 / Sq Ft
03/17/2020 03/17/20 Off Market $445,000 -- --
02/18/2020 02/18/20 Price Changed $450,000 -2.2% $167 / Sq Ft
01/09/2020 01/09/20 For Sale $459,900 +155.5% $171 / Sq Ft
07/29/2016 07/29/16 Sold $180,000 -7.7% $67 / Sq Ft View Prior Sale
05/26/2016 05/26/16 For Sale $195,000 +52.3% $73 / Sq Ft
05/01/2012 05/01/12 Sold $128,000 -7.9% $48 / Sq Ft View Prior Sale
03/16/2012 03/16/12 Pending -- -- --
02/17/2012 02/17/12 For Sale $139,000 -- $52 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $931 $7,325 -- --
2024 $880 $6,976 -- --
2023 $880 $41,000 $8,200 $32,800
2022 $851 $27,950 $5,590 $22,360
2021 $862 $22,680 $4,530 $18,150
2020 $840 $19,770 $3,950 $15,820
2019 $825 $16,550 $3,310 $13,240
2018 $803 $12,380 $2,470 $9,910
2017 $799 $12,030 $2,400 $9,630
2016 $785 $11,020 $2,200 $8,820
2015 $727 $9,700 $1,940 $7,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6021591

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-34-066

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