NOT LISTED FOR SALE

Estimated Value: $435,338

-- Bed
2 Baths
1,248 Sq Ft
$349/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $275,000 $220 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $2,527/month

64 Days on Market

Highlights

  • Multiple cooling system units
  • Mercury Mine Elementary School Rated A
  • Heating System Uses Natural Gas

About This Home

As of April 2019

Panoramic Views of Several Mountain Ranges! Located in the foothills of North Phoenix in quiet, serene Ocotillo Hills. This highly polished house has been significantly upgraded & provides amenities galore. It has been used as a duplex for decades, but is zoned R 1-6 SFR. Could be a nice owner-occupied unit w/ attached guest ''house'' unit. Recent big-ticket improvements-dual pane windows, roof, 2 HVAC units, newer kitchen main unit, & more! Each unit has a deep private driveway, ample parking/carport, private front/back security doors, gorgeous desert landscaping, covered patio, & huge private block wall backyards w/ views for miles. Easy to show. Buyer to complete/rely on own due diligence including SF, rental income, etc. See MLS 5873455 (multiple dwellings).

Last Listed By

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 01/25/2019

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,317

Year Built

  • Built in 1957

Lot Details

  • 10,106

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 5 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking

Utilities

  • Multiple cooling system units
  • Central Air
  • Heating System Uses Natural Gas
  • Septic Tank

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 2
  • Assessor Parcel Number 165-08-002

Community Details

Overview

  • 2 Units
  • Building Dimensions are 10,098 sq ft
  • Ocotillo Hills Subdivision

Building Details

  • Operating Expense $1,317

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,317

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: 16th Street and Cinnabar
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-1-6
  • Number Of Buildings: 1
  • Year Built: 1957
  • Tax Year: 2018
  • Directions: North on 7th St and Dunlap on Cave Creek Rd then right on Mountain View up the hill to left on 16th St to property.
  • Road Surface Type: Asphalt
  • Subdivision Name: OCOTILLO HILLS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Central A/C, Electric
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 10,098 sq ft
  • Additional Parcels: No
  • Parcel #: 165-08-002

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Operating Expense: 1317.0

Tax Info

  • Tax Annual Amount: 1317.0
  • Tax Book Number: 165.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2019
Closed on
Apr 29, 2019
Sold by
Douglas G Magdaleno & Lisa A Magdaleno 2
Bought by
Flood Craig
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Amanda Stolee
Locality Real Estate
List Price
$289,000
Sold Price
$275,000
Premium/Discount to List
-$14,000
-4.84%
Total Days on Market
64
Current Estimated Value
$435,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,338
Avg. Annual Appreciation
7.89%
Original Mortgage
$261,250
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2008
Sold by
Magdaleno Doug and Magdaleno Lisa
Bought by
Magdaleno Douglas G and Magdaleno Lisa A

Purchase Details

Closed on
Jun 9, 2008
Sold by
Maldonado Kelly
Bought by
The Bank Of New York Trust Co Na and Jpmorgan Chase Bank Na

Purchase Details

Closed on
Aug 26, 2005
Sold by
Maldonado Jaime
Bought by
Maldonado Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,400
Interest Rate
5.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 25, 2005
Sold by
Schultz David and Gapinsky Cheryl A
Bought by
Maldonado Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,400
Interest Rate
5.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 13, 2003
Sold by
Valentine Harry C and Valentine Ruby A
Bought by
Schultz David and Gapinski Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.4%
Mortgage Type
Seller Take Back

Range of Values:

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Average Value
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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
Flood Craig $275,000 Old Republic Title Agency
Magdaleno Douglas G -- None Available
The Bank Of New York Trust Co Na $131,750 Security Title Agency
Maldonado Kelly -- Equity Title Agency Inc
Maldonado Kelly $238,000 Equity Title Agency Inc
Schultz David $150,000 Equity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flood Craig $280,000
Closed Flood Craig $261,250
Previous Owner Maldonado Kelly $190,400
Previous Owner Schultz David $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2019 04/30/19 Sold $275,000 0.0% $220 / Sq Ft
04/30/2019 04/30/19 Sold $275,000 -3.5% $220 / Sq Ft
03/28/2019 03/28/19 Pending -- -- --
03/28/2019 03/28/19 Pending -- -- --
03/08/2019 03/08/19 Price Changed $284,900 0.0% $228 / Sq Ft
03/08/2019 03/08/19 Price Changed $284,900 -1.4% $228 / Sq Ft
01/23/2019 01/23/19 For Sale $289,000 0.0% $232 / Sq Ft
01/23/2019 01/23/19 For Sale $289,000 -- $232 / 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 $1,224 $14,505 -- --
2024 $1,196 $13,815 -- --
2023 $1,196 $34,350 $6,870 $27,480
2022 $1,185 $25,030 $5,000 $20,030
2021 $1,204 $22,000 $4,400 $17,600
2020 $1,163 $21,760 $4,350 $17,410
2019 $1,168 $20,500 $4,100 $16,400
2018 $1,317 $18,460 $3,690 $14,770
2017 $1,263 $18,300 $3,660 $14,640
2016 $1,242 $15,620 $3,120 $12,500
2015 $1,150 $13,850 $2,770 $11,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5873455

Arizona Regional Multiple Listing Service (ARMLS)

APN: 165-08-002