NOT LISTED FOR SALE

Estimated Value: $533,809

-- Bed
-- Bath
2,500 Sq Ft
$214/Sq Ft Est. Value

Last Sold November 05, 2024

Last sale price $535,000 $214 Per Sq Ft

Current estimated payment $3,071/month

28 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of November 2024

This 4-plex is a tremendous opportunity for great rental income for an investor, or even an owner to live in one unit and rent out the others! This property consists of four 1 bed, 1 bath units, each being 625 sqft. The property is located on a corner lot with lots of available street parking around the property. Great opportunity! Won't Last!

Last Listed By

James Diller

Real Broker License #BR681830000 Listed on: 08/16/2024

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,069

Year Built

  • Built in 1950

Lot Details

  • 7,231

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Composition Roof

Additional Features

  • Ceramic Tile Flooring
  • Evaporated cooling system

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, sewer
  • Tax Lot 16
  • Assessor Parcel Number 109-20-183

Community Details

Overview

  • 4 Units
  • Building Dimensions are 144.16 x 49.96 x 144.55x 49.95
  • North Willow Extension Subdivision

Building Details

  • Operating Expense $1,069

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,069

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: W McKinley St and N 27th Dr
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: RES
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2023
  • Directions: From Van Buren, 27th Ave North to McKinley and West to the property
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTH WILLOW EXTENSION
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Street Parking
  • Attached Garage: No
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: See Remarks
  • Cooling Y N: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 144.16 x 49.96 x 144.55x 49.95
  • Additional Parcels: No
  • Parcel #: 109-20-183

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Annual Operating Expense: 1069.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1069.0
  • Tax Book Number: 109.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Oct 17, 2024
Sold by
Sfr Rs Owner Lp
Bought by
Yen Philip
Seller's Agent
James Diller
Real Broker
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$499,900
Sold Price
$535,000
Premium/Discount to List
$35,100
7.02%
Total Days on Market
28
Views
9
Current Estimated Value
$533,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,191
Avg. Annual Appreciation
-1.77%
Original Mortgage
$428,000
Outstanding Balance
$426,737
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$103,781

Purchase Details

Listed on
Aug 16, 2024
Closed on
Sep 23, 2024
Sold by
Star 2021-Sfr2 Borrower Lp
Bought by
Sfr Rs Owner Lp
Seller's Agent
James Diller
Real Broker
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$499,900
Sold Price
$535,000
Premium/Discount to List
$35,100
7.02%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Outstanding Balance
$426,737
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$103,781

Purchase Details

Closed on
Dec 14, 2021
Sold by
Rs Phoenix Owner 2 Lp
Bought by
Star 2021 Sfr2 Borrower Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,412,980
Interest Rate
3.11%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 2, 2019
Closed on
Oct 28, 2019
Sold by
Saucedo Miguel and Saucedo Celia
Bought by
Rs Phoenix Owner 2 Lp
Seller's Agent
Luiza Ramirez
Realty ONE Group
Buyer's Agent
Corey Wilson
HomeSmart
List Price
$250,000
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.69%

Purchase Details

Closed on
Feb 10, 2011
Sold by
Saucedo Anastacio B and Saucedo Josephine B
Bought by
Saucedo Baltaza and Saucedo Rosa

Range of Values:

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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
Yen Philip $535,000 Stewart Title
Yen Philip $535,000 Stewart Title
Sfr Rs Owner Lp $535,000 Stewart Title Company
Star 2021 Sfr2 Borrower Lp -- Accommodation
Rs Phoenix Owner 2 L P $240,000 Premier Title Agency
Saucedo Baltaza -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yen Philip $428,000
Previous Owner Star 2021 Sfr2 Borrower Lp $256,412,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2024 11/05/24 Sold $535,000 +7.0% $214 / Sq Ft
11/01/2024 11/01/24 Price Changed $499,900 0.0% $200 / Sq Ft
09/13/2024 09/13/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $499,900 +100.0% $200 / Sq Ft
10/28/2019 10/28/19 Sold $250,000 0.0% $100 / Sq Ft
10/05/2019 10/05/19 Pending -- -- --
10/02/2019 10/02/19 For Sale $250,000 -- $100 / 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 $1,095 $6,687 -- --
2024 $1,069 $6,369 -- --
2023 $1,069 $31,600 $6,320 $25,280
2022 $1,019 $21,500 $4,300 $17,200
2021 $1,016 $18,650 $3,730 $14,920
2020 $997 $15,280 $3,050 $12,230
2019 $979 $13,010 $2,600 $10,410
2018 $981 $10,420 $2,080 $8,340
2017 $976 $10,000 $2,000 $8,000
2016 $945 $7,550 $1,510 $6,040
2015 $874 $6,680 $1,330 $5,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6745087

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-20-183