NOT LISTED FOR SALE

Estimated Value: $612,909 - $878,000

Studio
1 Bath
750 Sq Ft
$983/Sq Ft Est. Value

Last Sold February 24, 2016

Last sale price $185,000 $247 Per Sq Ft

Est. 303% increase in value since last sale

Current estimated payment $4,023/month

87 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Ceiling Fan
  • Phoenix Coding Academy Rated A

About This Home

As of February 2016

This block construction duplex (w/another unit in the back) is located in a fabulous mixed residential area where there are many refurbishments and infill projects taking place due to desirable central location and increasing land values. The lot size is over 10,000 SF, so investors looking for a land play should consider this property's present and future value. Also, 2 driveways/parking slabs providing ample parking for tenants. Studio in back has full bath & kitchen.

Last Agent to Sell the Property

Bob Lafferty

HomeSmart License #BR089706000 Listed on: 10/07/2015

HomeSmart

Last Buyer's Agent

DEBORA WARDLOW

My Home Group Real Estate License #SA547109000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,000

Year Built

  • Built in 1958

Lot Details

  • 10,019

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Schools

  • Orangedale Junior High Prep Academy
  • Arcadia High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water
  • Tax Lot 12
  • Assessor Parcel Number 126-17-036-A

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 10007
  • Stafford Village 2 Subdivision

Building Details

  • Operating Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,000

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: THOMAS/48TH STREET
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Year Built: 1958
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Subdivision Name: STAFFORD VILLAGE 2
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Electric, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Central, Window/Wall Unit(s), Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Schools

  • High School: Arcadia High School
  • Middle Or Junior School: Orangedale Junior High Prep Academy

Lot Info

  • Lot Size: 10007
  • Additional Parcels: No
  • Parcel #: 126-17-036-A

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Operating Expense: 1000.0

Tax Info

  • Tax Annual Amount: 1000.0
  • Tax Book Number: 126.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2015
Closed on
Jan 21, 2016
Sold by
Elmanawy Youssef A
Bought by
Wardlow Ryan Martin
Seller's Agent
Bob Lafferty
HomeSmart
Buyer's Agent
DEBORA WARDLOW
My Home Group Real Estate
List Price
$199,000
Sold Price
$185,000
Premium/Discount to List
-$14,000
-7.04%
Current Estimated Value
$746,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$561,413
Avg. Annual Appreciation
15.00%
Original Mortgage
$181,649
Outstanding Balance
$141,019
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$596,284

Purchase Details

Listed on
Jan 25, 2014
Closed on
Sep 23, 2014
Sold by
Raymond Zinzi and Elmanawy Youssef A
Bought by
Elmanawy Youseff A
Seller's Agent
Armando Martinez
CTR Realty
Buyer's Agent
Bob Lafferty
HomeSmart
List Price
$179,900
Sold Price
$167,000
Premium/Discount to List
-$12,900
-7.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$119,250
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 25, 2014
Closed on
Aug 15, 2014
Sold by
Guzman Jorge Luis and De Jesus Guzman Maria
Bought by
Elmanawy Youseff A
Seller's Agent
Armando Martinez
CTR Realty
Buyer's Agent
Bob Lafferty
HomeSmart
List Price
$179,900
Sold Price
$167,000
Premium/Discount to List
-$12,900
-7.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,250
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 24, 2006
Sold by
Flores Robert
Bought by
Guzman Jorge Luis and Guzman Maria De Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,500
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 18, 2004
Sold by
Specialty Properties Investments Corp
Bought by
Flores Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,900
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 2004
Sold by
Flores Dawn
Bought by
Flores Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,900
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2002
Sold by
Villarreal Steve
Bought by
Specialty Properties Investments Corp

Purchase Details

Closed on
Oct 9, 2002
Sold by
Specialty Properties Investments Corp
Bought by
Villarreal Steve

Purchase Details

Closed on
Oct 30, 2000
Sold by
Urquhart Joseph G
Bought by
Bayshore Holdings Llc

Purchase Details

Closed on
Apr 17, 2000
Sold by
Harris Mark Anthony
Bought by
402 Property Wholesalers Llc

Purchase Details

Closed on
Dec 22, 1997
Sold by
Harris Stephanie Suzanne
Bought by
Harris Mark Anthony
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
Wardlow Ryan Martin $185,000 Clear Title Agency Of Az Llc
Elmanawy Youseff A -- Clear Title Agency
Elmanawy Youseff A $161,000 Clear Title Agency
Guzman Jorge Luis $225,500 Camelback Title Agency Llc
Flores Robert $169,900 Security Title Agency
Flores Robert -- Security Title Agency
Specialty Properties Investments Corp -- --
Villarreal Steve -- --
Bayshore Holdings Llc -- Fidelity National Title
402 Property Wholesalers Llc $73,500 Century Title Agency
Harris Mark Anthony -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wardlow Ryan Martin $181,649
Previous Owner Elmanawy Youseff A $119,250
Previous Owner Elmanawy Youseff A $119,250
Previous Owner Guzman Jorge Luis $152,500
Previous Owner Flores Robert $135,900
Closed Guzman Jorge Luis $50,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2016 02/24/16 Sold $185,000 -7.0% $247 / Sq Ft
01/01/2016 01/01/16 Pending -- -- --
10/06/2015 10/06/15 For Sale $199,000 0.0% $265 / Sq Ft
05/29/2015 05/29/15 Rented $675 0.0% --
05/12/2015 05/12/15 Under Contract -- -- --
05/04/2015 05/04/15 For Rent $675 0.0% --
08/28/2014 08/28/14 Sold $167,000 -7.2% $223 / Sq Ft View Prior Sale
06/24/2014 06/24/14 Pending -- -- --
01/25/2014 01/25/14 For Sale $179,900 -- $240 / 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 $1,440 $11,284 -- --
2024 $1,342 $10,747 -- --
2023 $1,342 $41,220 $8,240 $32,980
2022 $1,211 $27,920 $5,580 $22,340
2021 $1,238 $25,220 $5,040 $20,180
2020 $1,215 $22,430 $4,480 $17,950
2019 $1,211 $19,630 $3,920 $15,710
2018 $1,137 $16,610 $3,320 $13,290
2017 $1,088 $13,430 $2,680 $10,750
2016 $1,064 $11,350 $2,270 $9,080
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5344853

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-17-036A