NOT LISTED FOR SALE

Avondale, AZ 85323

Old Town Neighborhood

Estimated Value: $173,153 - $237,000

Studio
1 Bath
3,432 Sq Ft
$63/Sq Ft Est. Value

Last Sold August 10, 2012

Last sale price $140,000 $41 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,153/month

219 Days on Market

Highlights

  • Cooling Available
  • Heating Available
  • 4-minute walk to Fred Campbell Park
  • Carpet

About This Home

As of August 2012

Traditional Sale, No Bank or Short Sale hassles!! UPDATE 4/5/12 - ALL units have been remodeled (see new photos) and 2 units are occupied at $600/mo.

Last Agent to Sell the Property

Jennifer Schrader

Caliber Realty Group, LLC License #BR586300000 Listed on: 01/07/2012

Co-Listed By

Lisa Pudewell

Caliber Realty Group, LLC License #SA637185000

Last Buyer's Agent

Michael Owen

Coldwell Banker Realty License #BR037266000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,466

Year Built

  • Built in 1982

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 53
  • Assessor Parcel Number 500-18-430

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Casa Lomas Condominiums Subdivision

Building Details

  • Operating Expense $9,517
  • Gross Income $25,392
  • Net Operating Income $15,597

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,466

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Central & Western
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1982
  • Tax Year: 2011
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2031.0
  • Co List Office Mls Id: calb01
  • Co List Office Phone: 480-295-7600
  • Subdivision Name: CASA LOMAS CONDOMINIUMS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3120.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: Yes
  • Parcel #: 500-18-430

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 25392.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 15597.0
  • Annual Operating Expense: 9516.52
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 1465.52
  • Tax Book Number: 500.00
  • Tax Lot: 53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2012
Closed on
Aug 24, 2012
Sold by
Kimes Jema and Godinez Santiago A
Bought by
Ksg Invetments Llc
Seller's Agent
Jennifer Schrader
Caliber Realty Group, LLC
Buyer's Agent
Michael Owen
Coldwell Banker Realty
List Price
$155,000
Sold Price
$140,000
Premium/Discount to List
-$15,000
-9.68%
Current Estimated Value
$215,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,788
Avg. Annual Appreciation
3.27%

Purchase Details

Listed on
Jan 7, 2012
Closed on
Aug 6, 2012
Sold by
Godinez Jody Lynn
Bought by
Godinez Santiago A
Seller's Agent
Jennifer Schrader
Caliber Realty Group, LLC
Buyer's Agent
Michael Owen
Coldwell Banker Realty
List Price
$155,000
Sold Price
$140,000
Premium/Discount to List
-$15,000
-9.68%

Purchase Details

Closed on
Nov 21, 2011
Sold by
Hernandez Hermengildo and Hernandez Ana Elisa
Bought by
Caliber Auction Homes Llc

Purchase Details

Closed on
Mar 21, 2006
Sold by
Weekesser Virginia
Bought by
Hernandez Hermengildo and Hernandez Ana Elisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2004
Sold by
Necklewicz Robert N
Bought by
Weckesser Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
5.56%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 31, 1996
Sold by
Shanti Holdings Inc
Bought by
Neklewicz Robert N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$756,353
Interest Rate
7.96%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ksg Invetments Llc -- None Available
Godinez Santiago A -- Pioneer Title Agency Inc
Kimes Irma -- Pioneer Title Agency Inc
Kimes Irma $140,000 Pioneer Title Agency Inc
Caliber Auction Homes Llc $78,000 None Available
Hernandez Hermengildo $350,000 Transnation Title Ins Co
Weckesser Virginia $250,000 Archer Land Title Inc
Neklewicz Robert N $840,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Hermengildo $280,000
Previous Owner Weckesser Virginia $37,500
Previous Owner Weckesser Virginia $187,500
Previous Owner Neklewicz Robert N $756,353
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2012 08/10/12 Sold $140,000 -9.7% $41 / Sq Ft
07/26/2012 07/26/12 Pending -- -- --
12/20/2011 12/20/11 For Sale $155,000 -- $45 / 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 $286 $2,540 -- --
2024 $263 $2,419 -- --
2023 $263 $9,300 $1,860 $7,440
2022 $254 $7,950 $1,590 $6,360
2021 $268 $6,110 $1,220 $4,890
2020 $259 $5,780 $1,150 $4,630
2019 $258 $5,120 $1,020 $4,100
2018 $259 $4,370 $870 $3,500
2017 $252 $4,350 $870 $3,480
2016 $257 $3,360 $670 $2,690
2015 $239 $2,200 $440 $1,760
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Schrader

    Seller's Agent in 2012

    Jennifer Schrader

    Caliber Realty Group, LLC

    (480) 398-4600

    Jennifer Schrader
    Section Image
  • Lisa Pudewell

    Seller Co-Listing Agent in 2012

    Lisa Pudewell

    Caliber Realty Group, LLC

    (480) 208-3668

    13 Total Sales

    Lisa Pudewell
    Section Image
  • Michael Owen

    Buyer's Agent in 2012

    Michael Owen

    Coldwell Banker Realty

    (623) 694-3500

    13 Total Sales

    Michael Owen
    Section Image
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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4697687

Arizona Regional Multiple Listing Service (ARMLS)

APN: 500-18-430

Arizona Maricopa County Avondale 85323

Old Town

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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