NOT LISTED FOR SALE

Estimated Value: $491,000 - $595,000

-- Bed
2 Baths
1,312 Sq Ft
$422/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $160,000 $122 Per Sq Ft

Est. 246% increase in value since last sale

Current estimated payment $3,272/month

77 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Phoenix Coding Academy Rated A
  • Floor Furnace

About This Home

As of May 2014

THREE HOUSES! Great price. Front home built in 1999 has 3 bedrooms, 2 baths, 2 car garage, vaulted ceilings, tile flooring, and ceiling fans (1,300 square feet). Two houses in rear are 1 bedroom, 1 bath each, built in approximately the 1950's (approx. 450 square feet each - buyer to verify). Great location! Listing agent is related to seller. Sold AS IS. Tenant rights. Please do not disturb.

Last Agent to Sell the Property

Barbara Williams Winn

50 STATES Realty License #SA529692000 Listed on: 02/22/2014

Last Buyer's Agent

Joseph Sisneros

RE/MAX Elite License #BR557584000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $893

Year Built

  • Built in 1999

Lot Details

  • 9,235

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Multiple Heating Units
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Window Unit Heating System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for sewer, cable TV
  • The owner pays for trash collection, water
  • Tax Lot 14
  • Assessor Parcel Number 118-24-124

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 50 x 185

Building Details

  • Operating Expense $8,279
  • Net Operating Income $8,217

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$893

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Cross Street: Indian School & 7th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 3
  • Year Built: 1999
  • Tax Year: 2013
  • Directions: From Indian School, south on 7th Street to Clarendon, west to 6th Street, north to property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2085.03
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Garage Details: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Wall/Window Unit(s)
  • Heating: Window/Wall Unit(s), 2 or More Units, Electric, Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:_two_ or More Units3: Yes
  • Heating:WindowWall Unit(s): Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1127.4
  • Annual Water Sewer Expense: 616.3

Lot Info

  • Lot Size: 50 x 185
  • Additional Parcels: No
  • Parcel #: 118-24-124

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Sewer, Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 239.69
  • Insurance Expense: 700.0
  • Maintenance Expense: 2237.5
  • Property Net Operating Income: 8216.83
  • Annual Operating Expense: 8278.92

Tax Info

  • Tax Annual Amount: 893.0
  • Tax Book Number: 118.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2014
Closed on
May 28, 2014
Sold by
Rodriguez Ronald R and Rodriguez Susan M
Bought by
Doezema Frances F and Doezema Herman P
Seller's Agent
Barbara Williams Winn
50 STATES Realty
Buyer's Agent
Joseph Sisneros
RE/MAX Elite
List Price
$179,900
Sold Price
$160,000
Premium/Discount to List
-$19,900
-11.06%
Current Estimated Value
$553,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$393,711
Avg. Annual Appreciation
11.81%

Purchase Details

Closed on
Oct 19, 2004
Sold by
Rodriguez Susan M and Rodriguez Ronald R
Bought by
Rodriguez Ronald R and Rodriguez Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,450
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2004
Sold by
Young Richard
Bought by
Rodriguez Ronald R and Rodriguez Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,450
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2004
Sold by
Budman Robert B and Olsen Roxie L
Bought by
Young Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2004
Sold by
Young Priscillia
Bought by
Young Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2002
Sold by
Taraska John and Taraska Marie
Bought by
Budman Robert B and Olsen Roxie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,047
Interest Rate
7.04%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 14, 2000
Sold by
Olsen Roxie L
Bought by
Taraska John and Taraska Marie

Purchase Details

Closed on
Jan 29, 1998
Sold by
Olsen Roxie
Bought by
Roxie L Olsen Trust

Purchase Details

Closed on
Apr 28, 1995
Sold by
Willett Willie A and Willett Evelyn M
Bought by
Olsen Roxie L
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
Doezema Frances F $160,000 North American Title Company
Rodriguez Ronald R -- --
Rodriguez Ronald R $270,000 Capital Title Agency Inc
Young Richard $210,000 Capital Title Agency Inc
Young Richard -- Capital Title Agency Inc
Budman Robert B $165,000 Fidelity National Title
Taraska John $165,000 First American Title
Roxie L Olsen Trust -- --
Olsen Roxie L $15,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Ronald R $144,450
Previous Owner Young Richard $189,000
Previous Owner Young Richard $189,000
Previous Owner Budman Robert B $152,000
Previous Owner Budman Robert B $16,047
Previous Owner Olsen Roxie L $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2014 05/30/14 Sold $160,000 -11.1% $122 / Sq Ft
05/10/2014 05/10/14 Pending -- -- --
02/22/2014 02/22/14 For Sale $179,900 -- $137 / 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 $2,465 $22,345 -- --
2024 $2,373 $21,281 -- --
2023 $2,373 $51,250 $10,250 $41,000
2022 $2,363 $39,610 $7,920 $31,690
2021 $2,432 $35,380 $7,070 $28,310
2020 $2,367 $30,850 $6,170 $24,680
2019 $2,256 $25,980 $5,190 $20,790
2018 $2,175 $24,850 $4,970 $19,880
2017 $1,979 $19,900 $3,980 $15,920
2016 $1,027 $13,960 $2,790 $11,170
2015 $957 $12,280 $2,450 $9,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5073984

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-24-124