NOT LISTED FOR SALE

Estimated Value: $406,294 - $743,000

2 Beds
-- Bath
3,060 Sq Ft
$195/Sq Ft Est. Value

Last Sold October 10, 2017

Last sale price $236,475 $77 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $3,262/month

2 Days on Market

Highlights

  • Cooling Available
  • Sunnyslope High School Rated A
  • Heat Pump System

About This Home

As of October 2017

Fantastic opportunity to own this cash cow 4 plex! Most A/C units replaced within just a few years. Property is 100% occupied and professionally managed. DO NOT DISTURB TENANTS, DO NOT WALK THE PROPERTY. DRIVE-BY ONLY.

Last Agent to Sell the Property

Justin Thorstad

Libertas Real Estate License #BR541826000 Listed on: 09/06/2017

Libertas Real Estate

Co-Listed By

Michael Cove

Libertas Real Estate License #SA662874000

Last Buyer's Agent

Jeffery Chesleigh

HomeSmart License #SA014098000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $961

Year Built

  • Built in 1983

Lot Details

  • 10,106

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 23
  • Assessor Parcel Number 158-29-060-G

Community Details

Overview

  • 4 Units
  • Building Dimensions are 126x79
  • Ironwood Place Subdivision

Building Details

  • Operating Expense $9,543
  • Gross Income $29,820
  • Net Operating Income $21,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$961

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: 19th & Peoria
  • Property Type: Multiple Dwellings
  • Zoning: MM
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2016
  • Directions: East on Peoria to 11th Ave. South to Cinnabar, East to 10th Ave. South to property on the west side of street.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2982.0
  • Co List Office Mls Id: reog13
  • Co List Office Phone: 623-552-3773
  • Subdivision Name: IRONWOOD PLACE
  • Tax Parcel Letter: G
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2900.0

Lot Info

  • Lot Size: 126x79
  • Additional Parcels: No
  • Parcel #: 158-29-060-G

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 29820.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 21820.0
  • Annual Operating Expense: 9543.0

Tax Info

  • Tax Annual Amount: 961.0
  • Tax Book Number: 158.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2021
Sold by
Irving Gabriel and Irving Brandon Marc
Bought by
Brandon Marc
Current Estimated Value
$598,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Outstanding Balance
$135,260
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$564,740

Purchase Details

Closed on
May 12, 2021
Sold by
Brandon Marc
Bought by
Brandon Marc and Irving Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Outstanding Balance
$135,260
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$564,740

Purchase Details

Listed on
Sep 6, 2017
Closed on
Sep 12, 2017
Sold by
Azre Investments Iii Llc
Bought by
Brandon Ii Marc R and Irving Gabriel
Seller's Agent
Justin Thorstad
Libertas Real Estate
Buyer's Agent
Jeffery Chesleigh
HomeSmart
List Price
$249,500
Sold Price
$236,475
Premium/Discount to List
-$13,025
-5.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.57%
Original Mortgage
$161,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2012
Sold by
Dhawan Inderjit
Bought by
Azre Investments Iil Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 22, 2011
Sold by
Federal National Mortgage Association
Bought by
Dhawan Inderjit

Purchase Details

Closed on
Oct 20, 2010
Sold by
Cahvez Gilardo
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 14, 2008
Sold by
Chavez Gilardo
Bought by
Chavez Gilardo and Chavez Maria Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,600
Interest Rate
5.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2005
Sold by
Diaz Jamie A and Diaz Dawn E
Bought by
Chavez Gilardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,350
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 2004
Sold by
Yan Thorn and Yen Thorn
Bought by
Diaz Jaime and Diaz Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,750
Interest Rate
5.39%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 28, 1998
Sold by
Burgener Clifton W and Burgener Billie M
Bought by
Yen Thorn and Song Samath

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,888
Interest Rate
6.42%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Brandon Marc -- Stewart Ttl & Tr Of Phoenix
Brandon Marc -- Stewart Ttl & Tr Of Phoenix
Brandon Ii Marc R $236,475 Driggs Title Agency Inc
Azre Investments Iil Llc $125,000 Security Title Agency
Dhawan Inderjit $53,550 Accommodation
Federal National Mortgage Association $181,514 Accommodation
Chavez Gilardo -- Great American Title Agency
Chavez Gilardo -- Great American Title Agency
Chavez Gilardo $251,500 Capital Title Agency Inc
Diaz Jaime $193,000 Westland Title Agency Of Az
Yen Thorn $93,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brandon Marc $148,000
Previous Owner Brandon Ii Marc R $161,000
Previous Owner Azre Investments Iil Llc $100,000
Previous Owner Chavez Gilardo $187,600
Previous Owner Chavez Gilardo $226,350
Previous Owner Diaz Jaime $144,750
Previous Owner Yen Thorn $75,888
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2017 10/10/17 Sold $236,475 -5.2% $77 / Sq Ft
09/08/2017 09/08/17 Pending -- -- --
09/06/2017 09/06/17 For Sale $249,500 -- $82 / 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 $1,097 $8,971 -- --
2024 $1,077 $8,544 -- --
2023 $1,077 $47,630 $9,520 $38,110
2022 $1,042 $33,510 $6,700 $26,810
2021 $1,056 $27,500 $5,500 $22,000
2020 $1,029 $24,210 $4,840 $19,370
2019 $1,010 $19,600 $3,920 $15,680
2018 $984 $16,360 $3,270 $13,090
2017 $979 $14,550 $2,910 $11,640
2016 $961 $13,930 $2,780 $11,150
2015 $890 $11,310 $2,260 $9,050
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5656504

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-29-060G