NOT LISTED FOR SALE

Estimated Value: $884,776

-- Bed
6 Baths
-- Sq Ft
8,407 Sq Ft Lot

Last Sold October 28, 2024

Last sale price $879,000

Est. 1% increase in value since last sale

Current estimated payment $5,139/month

42 Days on Market

Highlights

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

About This Home

As of October 2024

**Motivated Seller** Rose Lane Flats, an amazing triplex located in North Central Phoenix is now available for purchase. Featuring two 2/1 units and a large 1/1 unit, this income producing asset could be perfect for an investor or owner occupant. Unit A, a 2/1, and Unit B, a 1/1 are currently utilized as short term rentals. Unit C, which is a large 2/1, has a long term tenant in place at $2,000 per month. Unit A and Unit B have undergone extensive renovations. Newer roof and HVACS as well.

Last Listed By

Chad Barber

Fenix CRE License #BR646108000 Listed on: 08/02/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,410

Year Built

  • Built in 1958

Lot Details

  • 8,407

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Madison Rose Lane Elementary School
  • Madison #1 Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water
  • Tax Lot 8
  • Assessor Parcel Number 161-09-051

Community Details

Overview

  • 3 Units
  • Building Dimensions are 79'x117
  • Rose Lane Terrace Subdivision

Building Details

  • Operating Expense $2,410

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,410

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 14th st and Rose Lane
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: r-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: fecr001
  • Co List Office Phone: 602-332-1768
  • Subdivision Name: ROSE LANE TERRACE
  • 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
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Furnished: Yes

Schools

  • Elementary School: Madison Rose Lane School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison #1 Middle School

Lot Info

  • Lot Size: 79'x117
  • Additional Parcels: No
  • Parcel #: 161-09-051

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Annual Operating Expense: 2410.0

Tax Info

  • Tax Annual Amount: 2410.0
  • Tax Book Number: 161.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2024
Closed on
Sep 13, 2024
Sold by
Reed Kevin and Reed Douglas
Bought by
Harding Family Trust and Harding
Seller's Agent
Chad Barber
Fenix CRE
Buyer's Agent
Chad Barber
Fenix CRE
List Price
$979,000
Sold Price
$879,000
Premium/Discount to List
-$100,000
-10.21%
Total Days on Market
42
Views
11
Current Estimated Value
$884,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,776
Avg. Annual Appreciation
-0.23%
Original Mortgage
$659,250
Outstanding Balance
$656,059
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$221,970

Purchase Details

Closed on
Oct 29, 2020
Sold by
Shaler Patricia and Reed Douglas
Bought by
Reed Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 17, 2014
Closed on
Sep 2, 2014
Sold by
Rose Lane Holdings Llc
Bought by
Reed Kevin E
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Shelley Caniglia
Compass
List Price
$539,000
Sold Price
$507,000
Premium/Discount to List
-$32,000
-5.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$242,526
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 20, 2003
Sold by
Garner Charles W and Ezzell Garner Sandra
Bought by
Gp Rinehart and Gp Driscoll

Purchase Details

Closed on
Jun 19, 2001
Sold by
Garner Charles W and Ezzell Garner Sandra
Bought by
Garner Charles W and Ezzell Garner Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.14%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2001
Sold by
Sondrall Keith
Bought by
Garner Charles W and Ezzell Garner Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 1995
Sold by
Bank Of America Arizona
Bought by
Sondrall Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
8.36%
Mortgage Type
Commercial

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
Harding Family Trust $879,000 Clear Title Agency Of Arizona
Reed Douglas -- Old Republic Title Agency
Reed Kevin -- Old Republic Title Agency
Reed Kevin E $252,000 Chicago Title Agency Inc
Gp Rinehart $500,000 First American Title Ins Co
Garner Charles W -- First American Title
Garner Charles W $202,500 First American Title
Sondrall Keith $112,250 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harding Family Trust $659,250
Previous Owner Reed Douglas $488,750
Previous Owner Reed Kevin E $29,000
Previous Owner Reed Kevin E $251,500
Previous Owner Reed Kevin E $244,000
Previous Owner Reed Kevin E $242,526
Previous Owner Garner Charles W $140,000
Previous Owner Sondrall Keith $89,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Sold $879,000 0.0% --
09/13/2024 09/13/24 Pending -- -- --
08/06/2024 08/06/24 Price Changed $879,000 -2.2% --
08/02/2024 08/02/24 Price Changed $899,000 -8.2% --
08/02/2024 08/02/24 For Sale $979,000 +93.1% --
09/17/2014 09/17/14 Sold $507,000 -5.9% --
07/13/2014 07/13/14 Pending -- -- --
06/17/2014 06/17/14 For Sale $539,000 -- --
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 $2,525 $19,940 -- --
2024 $2,410 $18,991 -- --
2023 $2,410 $56,610 $11,320 $45,290
2022 $2,235 $44,830 $8,960 $35,870
2021 $2,263 $39,160 $7,830 $31,330
2020 $2,227 $32,770 $6,550 $26,220
2019 $2,178 $27,920 $5,580 $22,340
2018 $2,123 $24,710 $4,940 $19,770
2017 $2,021 $22,120 $4,420 $17,700
2016 $1,950 $18,760 $3,750 $15,010
2015 $1,812 $17,970 $3,590 $14,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6738928

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-09-051