NOT LISTED FOR SALE

98 W Dobbins Rd Unit 8 Phoenix, AZ 85042

South Mountain Neighborhood

Estimated Value: $1,089,000 - $1,935,085

-- Bed
3 Baths
1,990 Sq Ft
$760/Sq Ft Est. Value

Last Sold September 12, 2013

Last sale price $900,000 $452 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,716/month

1 Day on Market

Highlights

  • Heated Spa
  • Cooling Available
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of September 2013

3 story loft style townhouse community built in 2007. The 8 available units are 100% rented and contain 1,965 SF each.The units have 2 bedrooms and 2.5 bathrooms and include a 2 car garage. There is a heated community pool and spa. Gated community with professional HOA management.

Last Agent to Sell the Property

Donald Brigham

Coldwell Banker Realty License #BR044114000 Listed on: 08/23/2013

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,736

Year Built

  • Built in 2007

Lot Details

  • 0.33

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Parking

  • 10 Open Parking Spaces
  • 12 Parking Spaces
  • 2 Covered Spaces
  • Assigned Parking

Schools

  • South Mountain High Elementary And Middle School
  • South Mountain High School

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • Heated Spa
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, pool/spa maintenance
  • Tax Lot 15-24, 32-41,1-7
  • Assessor Parcel Number 300-45-491

Community Details

Overview

  • 3 Buildings
  • 8 Units
  • Building Dimensions are 20 ft x 69 ft

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $56,946
  • Gross Income $984,600
  • Net Operating Income $40,390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,736

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Cross Street: S Central Ave and W Dobbins Road
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 3
  • Year Built: 2007
  • Tax Year: 2012
  • Road Surface Type: Asphalt, Treated, Private Street, Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 4940.0
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Compactor2: Yes

Exterior Features

  • Disclosures: Soil Test, Seller Prop Disc Stm, ALTA Survey Availbl
  • Construction Type: Brick Veneer, Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 12.0
  • Garage Details: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, Underground
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Heated Spa(s), Heated Pool(s)

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Furnished: Yes
  • Interior Amenities:Fire Sprinklers2: Yes
  • Community Amenities:Heated Spa(s): Yes
  • Community Amenities:Heated Pool(s): Yes

Schools

  • Elementary School: South Mountain High School
  • High School: South Mountain High School
  • Middle Or Junior School: South Mountain High School

Lot Info

  • Lot Size: 20 ft x 69 ft
  • Additional Parcels: Yes
  • Parcel #: 300-45-491

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Pool/Spa Maintenance
  • Tenant Pays: Cable TV
  • Number Of Units Total: 8
  • Annual Gross Income: 984600.0
  • Insurance Expense: 3000.0
  • Property Net Operating Income: 40390.0
  • Annual Operating Expense: 56946.0
  • Vacancy Allowance Rate: 10.0

Tax Info

  • Tax Annual Amount: 12736.0
  • Tax Book Number: 300.00
  • Tax Lot: 15-24, 32-41,1-7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2010
Sold by
South Mountain Lofts 2010 Llc
Bought by
South Mountain Lofts Town Homes Homeowne
Current Estimated Value
$1,079,063

Purchase Details

Closed on
Mar 31, 2010
Sold by
Sml 2008 Llc
Bought by
South Mountain Lofts 2010 Llc

Purchase Details

Closed on
Apr 6, 2004
Sold by
Matteucci George P and Matteucci Elaine
Bought by
Dobbins Central Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
South Mountain Lofts Town Homes Homeowne -- None Available
South Mountain Lofts 2010 Llc $634,375 First American Title Ins Co
Dobbins Central Llc $150,000 First American Title Ins Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2013 09/12/13 Sold $900,000 +2.3% $452 / Sq Ft
08/23/2013 08/23/13 Pending -- -- --
08/22/2013 08/22/13 For Sale $880,000 -- $442 / 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 -- $50 $50 --
2024 -- $50 $50 --
2023 $0 $50 $50 $0
2022 $0 $50 $50 $0
2021 $0 $50 $50 $0
2020 $0 $50 $50 $0
2019 $0 $50 $50 $0
2018 $0 $50 $0 $0
2017 $0 $50 $50 $0
2016 $0 $50 $50 $0
2015 -- $50 $50 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Donald Brigham

    Coldwell Banker Realty

  • N

    Buyer's Agent in 2013

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4987904

Arizona Regional Multiple Listing Service (ARMLS)

APN: 300-45-491

Arizona Maricopa County Phoenix 85041 South Mountain

98 W Dobbins Rd Unit 8, 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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