NOT LISTED FOR SALE

Estimated Value: $588,000 - $664,000

4 Beds
-- Bath
2,106 Sq Ft
$293/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $523,000 $248 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,311/month

20 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • ENERGY STAR Qualified Equipment for Heating
  • Sunnyslope High School Rated A

About This Home

As of June 2021

This block constructed 4plex is situated in a highly desirable area on a quiet street w/ mountain views, 2 car carport & vaulted ceilings! There are 4, 1 bed/1 bath units. The all rented out building has long term tenants w/ 3 units on a month to month. Owner has 2 storage units & each tenant has own storage in detached building. Owned coin operated washer & dryer in separate laundry room that generates add'l monthly income. Electric has been upgraded & permitted to individual meters in 2017. New 30 year roof w/ transferable warranty done w/ Brown Roofing 2021. All units central AC's replaced 2-3 years w/ warranty transfers. Low maintenance desert landscaping with community bus access. All low flow showers & toilets! DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Alexander Cowan

HomeSmart Listed on: 04/01/2021

HomeSmart

Co-Listed By

Brock Embree

Trelora Realty License #SA689307000

Last Buyer's Agent

Nathan Leidigh

Real Broker License #SA652186000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $862

Year Built

  • Built in 1964

Lot Details

  • 9,017

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Schools

  • Sunnyslope Elementary School
  • Sunnyslope High School

Utilities

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, trash collection, water, sewer
  • Tax Lot 48
  • Assessor Parcel Number 159-29-029-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9,026
  • Mountain Home Tract Lots 1 Thru 4 15 16 25 Thru 32 Subdivision

Building Details

  • Operating Expense $862
  • Gross Income $31,200
  • Net Operating Income $28,704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$862

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: E Mountain View and 15th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Mulit Family Re
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: trelr001
  • Co List Office Phone: 602-638-2500
  • Subdivision Name: MOUNTAIN HOME TRACT LOTS 1 THRU 4 15 16 25 THRU 32
  • Tax Parcel Letter: A
  • Cooling ENERGY STAR Qualified Equipment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: <1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, ENERGY STAR Qualified Equipment
  • Heating: Central, ENERGY STAR Qualified Equipment
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Central: Yes
  • Heating:ENERGY STAR Qualified Equipment2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

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

Lot Info

  • Lot Size: 9,026
  • Additional Parcels: No
  • Parcel #: 159-29-029-A

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 31200.0
  • Property Net Operating Income: 28704.0
  • Annual Operating Expense: 862.0

Tax Info

  • Tax Annual Amount: 862.0
  • Tax Book Number: 159.00
  • Tax Lot: 48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
May 25, 2021
Sold by
9822 N 15Th Llc
Bought by
Desai Suchi and Desai Jitendrabhai Krishan
Seller's Agent
Alexander Cowan
HomeSmart
Buyer's Agent
Nathan Leidigh
Real Broker
List Price
$523,480
Sold Price
$523,000
Premium/Discount to List
-$480
-0.09%
Current Estimated Value
$617,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,967
Avg. Annual Appreciation
3.71%
Original Mortgage
$510,785
Outstanding Balance
$459,420
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$158,548

Purchase Details

Closed on
Jun 30, 2017
Sold by
Pitts Jason L
Bought by
9822 N 15Th Llc

Purchase Details

Listed on
Jun 16, 2015
Closed on
Nov 4, 2015
Sold by
Dowd Patricia A
Bought by
Pitts Jason L
Seller's Agent
Vernice Morris
Church Realty
Buyer's Agent
James Flinn
Towne Brokerage Services, Inc
List Price
$150,000
Sold Price
$139,000
Premium/Discount to List
-$11,000
-7.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.78%
Original Mortgage
$104,250
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2015
Closed on
Oct 14, 2015
Sold by
Tcbb Llc
Bought by
Taylor Todd Keith and Taylor Catherine
Seller's Agent
Vernice Morris
Church Realty
Buyer's Agent
James Flinn
Towne Brokerage Services, Inc
List Price
$150,000
Sold Price
$139,000
Premium/Discount to List
-$11,000
-7.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,250
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2009
Sold by
Tcbb Llc
Bought by
Taylor Todd Keith and Taylor Catherine

Purchase Details

Closed on
Aug 17, 2009
Sold by
Cham Maru Nunez
Bought by
Tcbb Llc

Purchase Details

Closed on
Sep 1, 2005
Sold by
Cham Maru Nunez
Bought by
Cham Maru Nunez and The Trust Of Maru Nunez Cham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2005
Sold by
Cjm Llc
Bought by
Cham Maru Nunez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2003
Sold by
Jubilee Celebration Integrated Auxiliary
Bought by
Cjm Llc

Purchase Details

Closed on
Feb 1, 2002
Sold by
Hall Helen Margaret
Bought by
Jubilee Celebration Intergrated Auxialar
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
Desai Suchi $523,000 Great American Title
9822 N 15Th Llc -- None Available
Pitts Jason L -- None Available
Pitts Jason L $139,000 Chicago Title Agency Inc
Taylor Todd Keith -- Chicago Title Agency Inc
Taylor Todd Keith -- None Available
Tcbb Llc $67,363 None Available
Cham Maru Nunez -- Security Title Agency Inc
Cham Maru Nunez $238,000 Security Title Agency Inc
Cjm Llc -- --
Jubilee Celebration Intergrated Auxialar $104,000 United Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desai Suchi $510,785
Previous Owner Pitts Jason L $104,250
Previous Owner Cham Maru Nunez $190,000
Closed Cham Maru Nunez $11,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/18/2021 06/18/21 Sold $523,000 -0.1% $248 / Sq Ft
06/11/2021 06/11/21 For Sale $523,480 0.0% $249 / Sq Ft
06/11/2021 06/11/21 Price Changed $523,480 0.0% $249 / Sq Ft
05/26/2021 05/26/21 For Sale $523,480 0.0% $249 / Sq Ft
05/26/2021 05/26/21 Price Changed $523,480 0.0% $249 / Sq Ft
04/01/2021 04/01/21 For Sale $523,480 +276.6% $249 / Sq Ft
11/12/2015 11/12/15 Sold $139,000 -7.3% $66 / Sq Ft View Prior Sale
10/24/2015 10/24/15 Pending -- -- --
06/16/2015 06/16/15 For Sale $150,000 -- $71 / 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 $955 $7,513 -- --
2024 $902 $7,155 -- --
2023 $902 $35,010 $7,000 $28,010
2022 $873 $23,950 $4,790 $19,160
2021 $884 $19,630 $3,920 $15,710
2020 $862 $17,070 $3,410 $13,660
2019 $846 $15,160 $3,030 $12,130
2018 $824 $12,570 $2,510 $10,060
2017 $820 $11,920 $2,380 $9,540
2016 $805 $10,630 $2,120 $8,510
2015 $745 $10,080 $2,010 $8,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6215210

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-29-029A