NOT LISTED FOR SALE

Estimated Value: $468,834 - $639,000

Studio
-- Bath
-- Sq Ft
1977 Built

Last Sold January 14, 2020

Last sale price $312,000

Est. 76% increase in value since last sale

Current estimated payment $3,425/month

395 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Clarkdale-Jerome Elementary School Rated A-
  • Carpet

About This Home

As of January 2020

Great investment opportunity - Historic building with many cool features! Originally built in 1914 and remodeled in 1996. Effective age is 1977. Unit A & B are on a month to month lease with Unit A rented for $620/month and unit B rented for $595/month. Unit C is on a 6 month lease - rented for $870. Upon lease renewal, rent could likely be increased. Each unit has a refrigerator, washer and dryer.

Last Agent to Sell the Property

Sandra McCracken

Arizona Adobe Group Realty License #SA638917000 Listed on: 12/14/2018

Last Buyer's Agent

Sandra McCracken

Arizona Adobe Group Realty License #SA638917000 Listed on: 12/14/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,323

Year Built

  • Built in 1977

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • Carpet

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • 3 Units
  • Clkdale Twnsp Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 40003085

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,323

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R1-A
  • Number Of Buildings: 1
  • Year Built: 1977
  • Tax Year: 2018
  • Subdivision Name: Clkdale Twnsp
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Appliances: Refrigerator
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Construction Type: Brick
  • Roof: Composition

Utilities

  • Cooling: Ceiling Fan(s), Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes

Lot Info

  • Parcel #: 40003085

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2323.0
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2018
Closed on
Dec 11, 2019
Sold by
Cannon Kathleen
Bought by
Avelar Raymond and Avelar Christina
Seller's Agent
Sandra McCracken
Arizona Adobe Group Realty
Buyer's Agent
Sandra McCracken
Arizona Adobe Group Realty
List Price
$328,900
Sold Price
$312,000
Premium/Discount to List
-$16,900
-5.14%
Current Estimated Value
$549,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,959
Avg. Annual Appreciation
9.94%
Original Mortgage
$234,000
Outstanding Balance
$205,860
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$344,099

Purchase Details

Closed on
Aug 9, 2004
Sold by
Poston Kenneth Ray
Bought by
Cannon Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2003
Sold by
Kerwick Thomas F
Bought by
Poston Kenneth Ray and Cannon Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,675
Interest Rate
5.97%
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
Avelar Raymond $312,000 Empire West Title Agency Llc
Cannon Kathleen -- Capital Title Agency
Poston Kenneth Ray $163,415 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avelar Raymond $234,000
Previous Owner Cannon Kathleen $145,000
Previous Owner Poston Kenneth Ray $19,675
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2020 01/14/20 Sold $312,000 -5.1% --
01/13/2020 01/13/20 Pending -- -- --
12/14/2018 12/14/18 For Sale $328,900 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 518432

Arizona Regional Multiple Listing Service (ARMLS)

APN: 400-03-085