1005 S 1st Ave Phoenix, AZ 85003
Central City Neighborhood
--
Bed
--
Bath
1,605
Sq Ft
6,752
Sq Ft Lot
Highlights
- Cooling Available
- Ceramic Tile Flooring
- 4-minute walk to Central Park
- Phoenix Coding Academy Rated A
- Heating System Uses Natural Gas
About This Home
As of December 2024Perfect multi-family home in the heart of downtown Phoenix. Steps from the light rail, ballgames and entertainment this estate boasts all of the Phoenix charm that one would want. Ideal for an investor, this home has the potential to generate consistent solid income. It is also ideal for an owner wanting to reside on the property while offsetting expenses with a tenant OR a larger family looking for a huge in-law unit to accompany the primary. This updated multi-family property truly has limitless possibilities with NO HOA! Both units have their own washer/dryer/hot water heater etc...
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $725
Year Built
- Built in 1954
Home Design
- Composition Roof
Flooring
- Carpet
- Ceramic Tile
Parking
- 6 Parking Spaces
- 3 Covered Spaces
- Common or Shared Parking
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Listing and Financial Details
- Tax Lot 3 & 4
- Assessor Parcel Number 112-24-103
Community Details
Overview
- 2 Buildings
- 2 Units
- Building Dimensions are IRREGULAR
- Montgomery Add Amd Blks 75, 83, 84, 91, 99 102 Subdivision
Building Details
- Operating Expense $725
- Net Operating Income $1,595
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 28, 2024
Closed on
Oct 30, 2024
Sold by
Golchin Ahmad
Bought by
Manske Wayne
Seller's Agent
Joseph Roth
DeLex Realty
Buyer's Agent
Joseph Roth
DeLex Realty
List Price
$529,000
Sold Price
$524,000
Premium/Discount to List
-$5,000
-0.95%
Views
3
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,893
Avg. Annual Appreciation
2.32%
Original Mortgage
$467,100
Interest Rate
6.79%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 31, 2022
Closed on
Feb 21, 2023
Sold by
Harris Norma D
Bought by
Golchin Ahmad
Seller's Agent
Joseph Frontauria
Citiea
Buyer's Agent
Nic Silvester
eXp Realty
List Price
$390,000
Sold Price
$370,000
Premium/Discount to List
-$20,000
-5.13%
Views
37
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.20%
Purchase Details
Closed on
Feb 3, 2021
Sold by
Harris Norma D and Harris Norma D
Bought by
Harris Norma D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
2.53%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Jul 26, 2014
Sold by
Parra Richard R and The Ruben M Parra Sr Revocable
Bought by
Parra Norma D
Purchase Details
Closed on
Jul 29, 2013
Sold by
Parra Richard R
Bought by
Parra Norma D
Purchase Details
Closed on
May 3, 2010
Sold by
Parra Ruben M
Bought by
The Ruben M Parra Sr Revocable Living Tr and Parra Ruben M
Similar Homes in Phoenix, AZ
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 |
|---|---|---|---|
| Warranty Deed | $519,000 | Chicago Title Agency | |
| Warranty Deed | $519,000 | Chicago Title Agency | |
| Warranty Deed | $370,000 | East Title | |
| Interfamily Deed Transfer | -- | True Concept Title Company | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $467,100 | New Conventional | |
| Previous Owner | $597,000 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $337,500 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $183,000 | Reverse Mortgage Home Equity Conversion Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/12/2024 12/12/24 | Sold | $524,000 | -0.9% | $326 / Sq Ft |
| 10/28/2024 10/28/24 | Pending | -- | -- | -- |
| 10/28/2024 10/28/24 | For Sale | $529,000 | 0.0% | $330 / Sq Ft |
| 05/15/2023 05/15/23 | Rented | $1,995 | 0.0% | -- |
| 04/18/2023 04/18/23 | For Rent | $1,995 | 0.0% | -- |
| 02/22/2023 02/22/23 | Sold | $370,000 | -2.6% | $231 / Sq Ft |
| 01/18/2023 01/18/23 | Pending | -- | -- | -- |
| 12/14/2022 12/14/22 | Price Changed | $379,900 | -2.6% | $237 / Sq Ft |
| 10/30/2022 10/30/22 | For Sale | $390,000 | -- | $243 / 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 | $732 | $5,473 | -- | -- |
| 2024 | $725 | $5,212 | -- | -- |
| 2023 | $725 | $25,720 | $5,140 | $20,580 |
| 2022 | $618 | $19,560 | $3,910 | $15,650 |
| 2021 | $619 | $14,920 | $2,980 | $11,940 |
| 2020 | $627 | $13,930 | $2,780 | $11,150 |
| 2019 | $628 | $11,310 | $2,260 | $9,050 |
| 2018 | $617 | $11,670 | $2,330 | $9,340 |
| 2017 | $594 | $8,520 | $1,700 | $6,820 |
| 2016 | $578 | $7,830 | $1,560 | $6,270 |
| 2015 | $526 | $6,030 | $1,200 | $4,830 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Roth
Seller's Agent in 2024
Joseph Roth
DeLex Realty
(312) 919-9403
2 in this area
76 Total Sales
-
Joseph Frontauria
Seller's Agent in 2023
Joseph Frontauria
Citiea
(602) 672-5535
1 in this area
265 Total Sales
-
S
Seller Co-Listing Agent in 2023
Salvatore Pupillo
DeLex Realty
-
Nic Silvester
Buyer's Agent in 2023
Nic Silvester
eXp Realty
(602) 481-7268
2 in this area
33 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6776799
APN: 112-24-103
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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