$275,000
SOLD APR 30, 2019
-- Bed
-- Bath
1,248 Sq Ft
10,106 Sq Ft Lot

Recently Sold

$220 Per Sq Ft

5% Below List Price

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 the quiet, serene Ocotillo Hills neighborhood. This highly polished duplex has been significantly upgraded and provides amenities galore. Some recent big-ticket improvements include dual pane windows, roof, both HVAC units, new kitchen in 2 bedroom and much more. Each unit has its own deep private driveway, ample parking/carport, private front/back security doors, gorgeous desert landscaping, covered patio, washer/dryer station, and huge private block wall backyards with views for miles. Easy to show. Rents listed are pro forma. Could be a strong Air BnB/VRBO short-term rental; long-term rental at top market rates; or owner-occupied w/ ''guest house'' rental. Buyer to complete/rely on own due diligence

Last Agent to Sell the Property

James Stephens

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

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Amanda Stolee

Locality Real Estate License #BR642542000

Locality Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,317

Year Built

  • Built in 1957

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%
Current Estimated Value
$443,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,880
Avg. Annual Appreciation
7.64%
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
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 Type Sale Price Title Company
Warranty Deed $275,000 Old Republic Title Agency
Interfamily Deed Transfer -- None Available
Trustee Deed $131,750 Security Title Agency
Interfamily Deed Transfer -- Equity Title Agency Inc
Warranty Deed $238,000 Equity Title Agency Inc
Joint Tenancy Deed $150,000 Equity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $280,000 New Conventional
Closed $261,250 New Conventional
Previous Owner $190,400 Fannie Mae Freddie Mac
Previous Owner $135,000 Seller Take Back
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