NOT LISTED FOR SALE

Estimated Value: $445,000 - $619,000

-- Bed
-- Bath
1,242 Sq Ft
$412/Sq Ft Est. Value

Last Sold March 03, 2017

Last sale price $183,025 $147 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $2,711/month

20 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • 1-minute walk to Grant Park
  • Phoenix Coding Academy Rated A
  • Window Unit Heating System

About This Home

As of March 2017

INVESTMENT OPPORTUNITY!! Do not miss out on this cash cow. Identical property located a few miles away can be bundled with this property for $425,000 total. 2 duplexes per property that generate $2000/month in rent each and almost never have vacancies! Call today for more details.

398 N 20TH DR, Phoenix, AZ 85009
MLS #:
5538668

801 S MONTEZUMA ST, Phoenix, AZ 85003
MLS#:
5538657

Last Agent to Sell the Property

Eric Avdee

The Brokery License #SA653426000 Listed on: 12/23/2016

Last Buyer's Agent

Dave Israel

Arizona Excellence Realty License #BR533143000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $873

Year Built

  • Built in 1985

Lot Details

  • 6,490

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Evaporated cooling system
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 1 / 22
  • Assessor Parcel Number 112-24-040

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 6500sf
  • Montgomery Add Amd Blks 75, 83, 84, 91, 99 102 Subdivision

Building Details

  • Operating Expense $5,373
  • Gross Income $24,000
  • Net Operating Income $19,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$873

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Sherman St and Montezuma St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Year Built: 1985
  • Tax Year: 2016
  • Directions: Take 7th avenue S, turn right onto W Buckeye Rd, Turn left onto S 3rd Dr/S Montezuma St. Destination will be on the right.
  • Road Surface Type: Asphalt
  • Subdivision Name: MONTGOMERY ADD AMD BLKS 75, 83, 84, 91, 99-102
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 4200.0

Lot Info

  • Lot Size: 6500sf
  • Additional Parcels: No
  • Parcel #: 112-24-040

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 24000.0
  • Maintenance Expense: 300.0
  • Property Net Operating Income: 19500.0
  • Annual Operating Expense: 5372.86

Tax Info

  • Tax Annual Amount: 872.86
  • Tax Block: 22
  • Tax Book Number: 112.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2018
Sold by
Mefford Dylan
Bought by
Ayora Investments Llc
Current Estimated Value
$496,256

Purchase Details

Listed on
Dec 23, 2016
Closed on
Feb 9, 2017
Sold by
Leftwich Robert
Bought by
Mefford Dylan
Seller's Agent
Eric Avdee
The Brokery
Buyer's Agent
Dave Israel
Arizona Excellence Realty
List Price
$220,000
Sold Price
$183,025
Premium/Discount to List
-$36,975
-16.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.65%
Original Mortgage
$137,268
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2016
Sold by
K Sauer/L Goldberg Llc
Bought by
Leftwich Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2009
Sold by
Buffet Henry W
Bought by
K Sauer L Goldberg Llc

Purchase Details

Closed on
Aug 13, 2004
Sold by
Ordonez Wayne
Bought by
Buffett Ii Henry W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2004
Sold by
Davies Jason C
Bought by
Ordonez Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2000
Sold by
Logos Investment Inc
Bought by
Davies Jason C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 1996
Sold by
Probuilt Inc
Bought by
Logos Investment Inc

Purchase Details

Closed on
May 1, 1996
Sold by
T Michael Daggett Pc
Bought by
Logos Investment Inc
Source: Public Records

Range of Values:

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Average Value
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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
Ayora Investments Llc -- None Available
Mefford Dylan $183,025 Stewart Title Arizona Agency
Leftwich Robert $260,000 Pioneer Title Agency Inc
K Sauer L Goldberg Llc $45,000 Empire West Title Agency Llc
Buffett Ii Henry W $200,000 Capital Title Agency Inc
Ordonez Wayne $132,000 Tsa Title Agency
Davies Jason C $105,000 Capital Title Agency
Logos Investment Inc -- --
Logos Investment Inc -- --
T Michael Daggett Pc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mefford Dylan $137,268
Previous Owner Leftwich Robert $151,000
Previous Owner Buffett Ii Henry W $160,000
Previous Owner Ordonez Wayne $105,000
Previous Owner Davies Jason C $94,500
Closed Buffett Ii Henry W $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2017 03/03/17 Sold $183,025 -13.9% $147 / Sq Ft
02/21/2017 02/21/17 Price Changed $212,500 0.0% $171 / Sq Ft
01/10/2017 01/10/17 Pending -- -- --
01/07/2017 01/07/17 Price Changed $212,500 -3.4% $171 / Sq Ft
12/21/2016 12/21/16 For Sale $220,000 -- $177 / 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 $1,039 $7,312 -- --
2024 $968 $6,964 -- --
2023 $968 $29,620 $5,920 $23,700
2022 $934 $22,270 $4,450 $17,820
2021 $927 $17,810 $3,560 $14,250
2020 $938 $14,770 $2,950 $11,820
2019 $936 $13,260 $2,650 $10,610
2018 $920 $11,220 $2,240 $8,980
2017 $899 $9,500 $1,900 $7,600
2016 $873 $7,780 $1,550 $6,230
2015 $808 $7,830 $1,560 $6,270
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5538657

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-24-040