Seller's Agent in 2025
Tom Palestina
ABI Multifamily
(602) 714-1400
11 in this area
35 Total Sales
1002 E Fairmount Ave Phoenix, AZ 85014
Central City Neighborhood
--
Bed
--
Bath
1,063
Sq Ft
1930
Built
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Phoenix Coding Academy Rated A
- Ceiling Fan
About This Home
As of July 2025Seller financing is available with a minimum 20% down payment & 4% Interest Rate .
This Midtown Phoenix investment opportunity consists of two parcels situated on nearly half an acre (17,464 square feet), making it an excellent prospect for redevelopment or a mixed-use project. Zoned R-3 for multifamily housing. The first parcel, located at 4019 North 10th Street, is currently operating as a 1,350-square-foot auto shop, &, second parcel at 1002 East Fairmount Avenue, includes a two-bedroom, one-bath unit and a one-bedroom, one-bath unit. Both parcels share a waterline, though they can be separated with contractor assistance.
In the heart of Midtown Phoenix, the property is just minutes from Downtown Phoenix, the Central Arts District, major hospitals, and the Phoenix Country Club
Last Agent to Sell the Property
ABI Multifamily License #SA688331000 Listed on: 02/17/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,146
Year Built
- Built in 1930
Home Design
- Composition Roof
- Block Exterior
Flooring
- Concrete
- Ceramic Tile
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- On-Street Parking
Utilities
- Cooling Available
- Heating Available
Additional Features
- Ceiling Fan
- Additional Parcels
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 28
- Assessor Parcel Number 118-03-035
Community Details
Overview
- 2 Buildings
- 3 Units
- Building Dimensions are 17464
- Kay Tract Subdivision
Building Details
- Operating Expense $2,146
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2025
Closed on
Jul 1, 2025
Sold by
New Horizon Real Estate Investment Llc
Bought by
B & R Ai Llc
Seller's Agent
Tom Palestina
ABI Multifamily
Buyer's Agent
Tommy Moore
R.O.I. Properties
List Price
$795,000
Sold Price
$700,000
Premium/Discount to List
-$95,000
-11.95%
Views
15
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.19%
Original Mortgage
$530,000
Outstanding Balance
$529,553
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$149,960
Purchase Details
Closed on
Jun 24, 2011
Sold by
Paredes Yogely
Bought by
New Horizon Real Estate Investments Llc
Purchase Details
Closed on
May 9, 2011
Sold by
Johnson Renee Loreth
Bought by
Paredes Yogely
Purchase Details
Closed on
Jun 22, 2005
Sold by
Loreth Arnold J
Bought by
Arnold J Loreth Family Trust
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $700,000 | Magnus Title Agency | |
| Quit Claim Deed | -- | None Available | |
| Cash Sale Deed | $49,900 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $530,000 | New Conventional | |
| Previous Owner | $171,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | Sold | $700,000 | -4.1% | $659 / Sq Ft |
| 03/14/2025 03/14/25 | Price Changed | $730,000 | -2.0% | $687 / Sq Ft |
| 02/28/2025 02/28/25 | Price Changed | $745,000 | -6.3% | $701 / Sq Ft |
| 02/17/2025 02/17/25 | For Sale | $795,000 | -- | $748 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,146 | $17,103 | -- | -- |
| 2024 | $2,073 | $16,288 | -- | -- |
| 2023 | $2,073 | $32,960 | $6,590 | $26,370 |
| 2022 | $2,062 | $25,050 | $5,010 | $20,040 |
| 2021 | $2,097 | $21,920 | $4,380 | $17,540 |
| 2020 | $2,044 | $19,820 | $3,960 | $15,860 |
| 2019 | $1,955 | $16,900 | $3,380 | $13,520 |
| 2018 | $1,890 | $16,650 | $3,330 | $13,320 |
| 2017 | $1,263 | $12,220 | $2,440 | $9,780 |
| 2016 | $790 | $9,180 | $1,830 | $7,350 |
| 2015 | $736 | $8,510 | $1,700 | $6,810 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Palestina
-
Carson Griesemer
Seller Co-Listing Agent in 2025
Carson Griesemer
ABI Multifamily
(602) 714-1400
7 in this area
28 Total Sales
-
Tommy Moore
Buyer's Agent in 2025
Tommy Moore
R.O.I. Properties
(602) 397-4886
1 in this area
22 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6822102
APN: 118-03-035
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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