NOT LISTED FOR SALE

Estimated Value: $1,373,962 - $1,620,000

Studio
-- Bath
4,648 Sq Ft
$318/Sq Ft Est. Value

Last Sold June 10, 2019

Last sale price $810,000 $174 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $8,018/month

110 Days on Market

About This Home

As of June 2019

Fully rented and well maintained 4-Plex with total current rental income of $55,000 annually after utilities and trash. Some redrock views. Built in 2000, 2 spacious 2B/2BA units (1,003 sf + garage + decks) with two balconies on upper level, one off the kitchen and one off the living room; and 2 ample 1B/1BA units (841 sf + garage + patios) on lower level with outdoor patios. Each unit has 1 car garage and space to park a second vehicle, walk-in closets, washer/dryer. All units have laminate wood floors, arched doorways, skylights, natural gas and HVAC. Some tenants handle their own utilities. Owner is property manager. Walking distance to shopping, services, restaurants, hiking trails (including famous Bell Rock vortex) and a golf course.

Last Agent to Sell the Property

Historical Agent - SVV

Historical Listings - SVV Listed on: 01/15/2019

Last Buyer's Agent

Johnathan Schneider

eXp Realty License #SA674451000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,238

Year Built

  • Built in 2000

Parking

  • Automatic Garage Door Opener

Home Design

  • Wood Frame Construction

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Septic Tank

Community Details

  • 4 Units
  • Fairway Oaks Subdivision

Listing and Financial Details

  • Tax Lot 99
  • Assessor Parcel Number 40527438b

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,238

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: Multifamily R2
  • Number Of Buildings: 1
  • Year Built: 2000
  • Tax Year: 2018
  • Subdivision Name: Fairway Oaks
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Construction Type: Wood Frame
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Parking Features: Other, Garage Door Opener
  • Attached Garage: No
  • Parking Features Auto Door Opener: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Central Air
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes

Lot Info

  • Parcel #: 40527438b

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3238.0
  • Tax Lot: 99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2025
Sold by
Torstenbo Neil R
Bought by
Family Trust and Torstenbo
Current Estimated Value
$1,476,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Outstanding Balance
$308,671
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$1,168,316

Purchase Details

Listed on
Jan 15, 2019
Closed on
Jun 7, 2019
Sold by
Torstenbo Neil
Bought by
Torstenbo Neil R and Family Trust Of Neil R Torsten
Seller's Agent
Historical Agent - SVV
Historical Listings - SVV
Buyer's Agent
Johnathan Schneider
eXp Realty
List Price
$850,000
Sold Price
$810,000
Premium/Discount to List
-$40,000
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.53%
Original Mortgage
$607,500
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 15, 2019
Closed on
May 23, 2019
Sold by
Park Gregory Todd
Bought by
Torstenbo Neil R
Seller's Agent
Historical Agent - SVV
Historical Listings - SVV
Buyer's Agent
Johnathan Schneider
eXp Realty
List Price
$850,000
Sold Price
$810,000
Premium/Discount to List
-$40,000
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 15, 2019
Closed on
May 6, 2019
Sold by
Sparling Rochelle Denise
Bought by
Torstenbo Neil R
Seller's Agent
Historical Agent - SVV
Historical Listings - SVV
Buyer's Agent
Johnathan Schneider
eXp Realty
List Price
$850,000
Sold Price
$810,000
Premium/Discount to List
-$40,000
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 21, 2014
Sold by
Baghdadi Jeannie
Bought by
Park Gregory Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2014
Sold by
Park Krista and Park Gregory Todd
Bought by
Park Gregory Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2002
Sold by
Gottlieb Michael E
Bought by
Baghdadi Jeannie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 11, 2001
Sold by
Gottlieb Michael E
Bought by
Gottlieb Michael

Purchase Details

Closed on
Jun 18, 2001
Sold by
Kennen Dave W and Kennen Susan S
Bought by
Gottlieb Michael

Purchase Details

Closed on
Jun 8, 2000
Sold by
Gottlieb Michael E
Bought by
Kennen Dave W and Kennen Susan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,250
Interest Rate
8.63%
Mortgage Type
Commercial

Purchase Details

Closed on
May 30, 1997
Sold by
Robinson Ruth Ellen
Bought by
Chaput Linda A and Nicholson Peter D

Purchase Details

Closed on
Mar 27, 1997
Sold by
Synergistic Properties
Bought by
Nicholson Peter and Chaput Linda A

Purchase Details

Closed on
Jul 5, 1995
Sold by
Farris George Eddy and Farris Marjorie Ann
Bought by
Synergistic Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
9.25%
Mortgage Type
New Conventional
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
Family Trust -- Fntg (Fidelity National Title)
Torstenbo Neil R -- Fntg (Fidelity National Title)
Torstenbo Neil R -- First American Title Ins Co
Torstenbo Neil R $810,000 First American Title Ins Co
Torstenbo Neil R -- First American Title Ins Co
Park Gregory Todd $569,000 Stewart Title & Trust
Park Gregory Todd -- Stewart Title & Trust
Baghdadi Jeannie $425,000 Capital Title Agency Inc
Gottlieb Michael -- First American Title
Gottlieb Michael -- First American Title
Kennen Dave W -- First American Title
Chaput Linda A -- --
Robinson Ruth Ellen -- --
Nicholson Peter $150,000 Transnation Title Ins Co
Synergistic Properties $60,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torstenbo Neil R $310,000
Previous Owner Torstenbo Neil R $607,500
Previous Owner Park Gregory Todd $417,000
Previous Owner Park Gregory Todd $417,000
Previous Owner Baghdadi Jeannie $297,500
Previous Owner Kennen Dave W $581,250
Previous Owner Synergistic Properties $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2019 06/10/19 Sold $810,000 -4.7% $174 / Sq Ft
05/05/2019 05/05/19 Pending -- -- --
01/15/2019 01/15/19 For Sale $850,000 -- $183 / 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
2026 $3,539 $101,720 -- --
2024 $3,439 $111,308 -- --
2023 $3,439 $83,771 $0 $0
2022 $3,377 $62,660 $10,127 $52,533
2021 $3,426 $64,598 $10,074 $54,524
2020 $3,426 $0 $0 $0
2019 $3,392 $0 $0 $0
2018 $3,238 $0 $0 $0
2017 $3,151 $0 $0 $0
2016 $3,109 $0 $0 $0
2015 -- $0 $0 $0
2014 $2,779 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

See All Agents

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 518604

Arizona Regional Multiple Listing Service (ARMLS)

APN: 405-27-438B