$730,000
SOLD DEC 16, 2024
-- Bed
-- Bath
2,093 Sq Ft
9,191 Sq Ft Lot

Recently Sold

$349 Per Sq Ft

14% Below List Price

42 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

As of December 2024

This recently updated triplex spans 2,093 sqft and features three well-designed 2-bedroom, 1-bathroom units. Each unit has been updated with modern finishes and includes in-unit laundry for convenience. The property offers covered parking and a shared outdoor common area, creating an appealing living environment. Recently renovated, the triplex is move-in ready with updated interiors. Whether for personal use or as a rental investment, this property presents a great opportunity for steady rental income and long-term value.

Last Agent to Sell the Property

Jacob Chapman

Realty85 License #BR583358000

Last Buyer's Agent

Ashley Karn

Barrett Real Estate License #SA696894000

Barrett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $871

Year Built

  • Built in 1960

Lot Details

  • Property fronts an alley

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 14 Open Parking Spaces
  • 24 Parking Spaces
  • 10 Covered Spaces
  • On-Street Parking

Schools

  • Brunson-Lee Elementary School
  • Pat Tillman Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, sewer, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 14
  • Assessor Parcel Number 125-13-058-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 114x228
  • Palomino Estates Subdivision

Building Details

  • Operating Expense $871
  • Gross Income $54,378
  • Net Operating Income $48,807

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$871

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 48th St and McDowell St
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2023
  • Directions: Head south on 48th St to Willetta and turn left. Go to 50th St and turn left, properties will be on the left.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: PALOMINO ESTATES
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 24.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 24.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Brunson-Lee Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Pat Tillman Middle School

Lot Info

  • Lot Size: 114x228
  • Additional Parcels: No
  • Parcel #: 125-13-058-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Sewer, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 54378.0
  • Property Net Operating Income: 48807.0
  • Annual Operating Expense: 871.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 871.0
  • Tax Book Number: 125.00
  • Tax Lot: 14

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2024 12/16/24 Sold $730,000 -2.7% $349 / Sq Ft
12/11/2024 12/11/24 Price Changed $750,000 0.0% $358 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
10/31/2024 10/31/24 Price Changed $750,000 -6.3% $358 / Sq Ft
10/15/2024 10/15/24 Price Changed $800,000 -5.9% $382 / Sq Ft
10/03/2024 10/03/24 For Sale $850,000 -22.0% $406 / Sq Ft
04/21/2023 04/21/23 Sold $1,090,000 +3.8% $521 / Sq Ft
03/16/2023 03/16/23 Pending -- -- --
10/28/2022 10/28/22 For Sale $1,050,000 +66.7% $502 / Sq Ft
05/24/2022 05/24/22 Sold $630,000 -16.0% $301 / Sq Ft
05/03/2022 05/03/22 For Sale $749,900 0.0% $358 / Sq Ft
05/03/2022 05/03/22 Price Changed $749,900 0.0% $358 / Sq Ft
04/05/2022 04/05/22 For Sale $749,900 -- $358 / 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 $879 $7,320 -- --
2024 $871 $6,972 -- --
2023 $871 $35,100 $7,020 $28,080
2022 $839 $22,210 $4,440 $17,770
2021 $853 $19,960 $3,990 $15,970
2020 $838 $17,460 $3,490 $13,970
2019 $834 $15,460 $3,090 $12,370
2018 $786 $13,070 $2,610 $10,460
2017 $753 $11,710 $2,340 $9,370
2016 $737 $8,400 $1,680 $6,720
2015 $691 $6,660 $1,330 $5,330
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 New Conventional
Previous Owner $581,000 New Conventional
Previous Owner $5,238,300 New Conventional
Previous Owner $535,500 New Conventional
Previous Owner $58,500 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $230,000 Pinnacle Title Services
Trustee Deed $581,000 First National Title
Warranty Deed $1,050,000 Empire Title Agency
Warranty Deed $630,000 New Title Company Name
Quit Claim Deed -- None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $84,000 Chicago Title Insurance Co
Trustee Deed $10,645 First American Title
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $169,250 First American Title
Warranty Deed -- First American Title
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6766103

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-13-058A