NOT LISTED FOR SALE

Estimated Value: $830,000 - $1,131,000

Studio
-- Bath
1,459 Sq Ft
$652/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $950,000 $651 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,363/month

17 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Floor Furnace
  • Phoenix Coding Academy Rated A

About This Home

As of March 2023

This home since 10 February 2023 and is currently estimated at $951,081, approximately $651 per square foot. This property was built in 1961. This home is a home located in Maricopa County with nearby schools including Monte Vista Elementary School, Camelback High School, and Phoenix Coding Academy.

Last Agent to Sell the Property

Paul Bay

Marcus & Millichap License #SA671037000 Listed on: 02/10/2023

Last Buyer's Agent

Steve Penate

My Home Group Real Estate License #SA651609000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,799

Year Built

  • Built in 1961

Lot Details

  • 0.28

Home Design

  • Foam Roof
  • Block Exterior

Flooring

  • Wood Flooring

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Floor Furnace
  • Wall Furnace
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for water, sewer
  • The owner pays for trash collection, landscaping
  • Tax Lot 19
  • Assessor Parcel Number 127-22-026-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 12,376 sq ft.

Building Details

  • Operating Expense $18,152
  • Gross Income $66,183
  • Net Operating Income $47,613

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,799

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1961
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3293.0
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric
  • Heating: Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 12,376 sq ft.
  • Additional Parcels: No
  • Parcel #: 127-22-026-A

Multi Family

  • Owner Pays: Trash Collection, Landscaping
  • Tenant Pays: Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 5371.0
  • Annual Gross Income: 66182.7
  • Insurance Expense: 1189.0
  • Maintenance Expense: 2100.0
  • Property Net Operating Income: 47613.0
  • Annual Operating Expense: 18152.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1799.0
  • Tax Book Number: 127.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2023
Closed on
Apr 7, 2023
Sold by
Acg-36Th & Earl Llc
Bought by
Pinpoint Development Group Llc
Seller's Agent
Paul Bay
Marcus & Millichap
Buyer's Agent
Steve Penate
My Home Group Real Estate
List Price
$995,000
Sold Price
$950,000
Premium/Discount to List
-$45,000
-4.52%
Current Estimated Value
$1,001,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,303
Avg. Annual Appreciation
0.04%
Original Mortgage
$760,000
Outstanding Balance
$711,479
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$239,602

Purchase Details

Closed on
Apr 16, 2020
Sold by
Wenzel Patricia M and The Patricia M Wenzel Trust
Bought by
Acg 36Th & Earl Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 2017
Sold by
Wenzel Patricia M
Bought by
Wenzel Patricia Mary

Purchase Details

Listed on
Feb 3, 2015
Closed on
Feb 18, 2015
Sold by
36Th Street Apts Llc
Bought by
Wenzel Patricia M
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Larry Wright
DeLex Realty
List Price
$279,900
Sold Price
$262,500
Premium/Discount to List
-$17,400
-6.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.52%
Original Mortgage
$177,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 23, 2013
Closed on
Mar 21, 2013
Sold by
Tansley Stephen J and Tansley Elizabeth D
Bought by
Covaciu Benjamin and Covaciu Corina
Seller's Agent
Arnold Hickey
Phx Pro Realty
Buyer's Agent
Arnold Hickey
Phx Pro Realty
List Price
$189,000
Sold Price
$170,000
Premium/Discount to List
-$19,000
-10.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.13%

Purchase Details

Closed on
Apr 12, 2010
Sold by
Creative Commercial Investments Llc
Bought by
Tansley Stephen J and Tansley Elizabeth D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2010
Sold by
Polastri Alessandro
Bought by
Cci Llc

Purchase Details

Closed on
Sep 20, 2005
Sold by
Mathis Thelma S
Bought by
Polastri Alessandro

Purchase Details

Closed on
Dec 18, 1995
Sold by
Mathis Sam W and Mathis Thelma S
Bought by
Mathis Sam W and Mathis Thelma S
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
Pinpoint Development Group Llc $950,000 American Title Service Agency
Acg 36Th & Earl Llc $440,000 American Title Svc Agcy Llc
Wenzel Patricia Mary -- None Available
Wenzel Patricia M $262,500 Lawyers Title
Covaciu Benjamin $170,000 American Title Service Agenc
Tansley Stephen J $154,000 American Title Service Agenc
Cci Llc $66,300 None Available
Polastri Alessandro $342,500 First American Title Ins Co
Mathis Sam W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinpoint Development Group Llc $760,000
Previous Owner Acg 36Th & Earl Llc $535,000
Previous Owner Wenzel Patricia M $177,500
Previous Owner Tansley Stephen J $115,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2023 03/31/23 Sold $950,000 -4.5% $651 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/10/2023 02/10/23 For Sale $995,000 +279.0% $682 / Sq Ft
03/25/2015 03/25/15 Sold $262,500 -6.2% $180 / Sq Ft View Prior Sale
02/12/2015 02/12/15 Pending -- -- --
02/03/2015 02/03/15 For Sale $279,900 +64.6% $192 / Sq Ft
03/22/2013 03/22/13 Sold $170,000 -10.1% $117 / Sq Ft View Prior Sale
03/12/2013 03/12/13 Pending -- -- --
02/23/2013 02/23/13 For Sale $189,000 -- $130 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,968 $14,572 -- --
2024 $1,873 $13,878 -- --
2023 $1,873 $56,430 $11,280 $45,150
2022 $1,799 $39,920 $7,980 $31,940
2021 $1,843 $38,170 $7,630 $30,540
2020 $1,798 $32,630 $6,520 $26,110
2019 $1,785 $26,010 $5,200 $20,810
2018 $1,749 $23,010 $4,600 $18,410
2017 $1,681 $19,320 $3,860 $15,460
2016 $1,616 $15,980 $3,190 $12,790
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6518930

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-22-026A