J
Seller's Agent in 2019
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
(602) 672-3526
50 Total Sales
1006 E Polk St Phoenix, AZ 85006
Garfield NeighborhoodEstimated Value: $405,000 - $1,181,000
--
Bed
7
Baths
1,650
Sq Ft
$540/Sq Ft
Est. Value
Highlights
- Evaporated cooling system
- Concrete Flooring
- 3-minute walk to Verde Park
- Phoenix Coding Academy Rated A
- Heating System Uses Natural Gas
About This Home
As of January 2019Value-add opportunity in the Historic Garfield District. Seller financing available with minimum 25% down, 6% interest rate, 30 yr amortization, and a 2 year term for well-qualified buyers. Complex needs work, buyer should drive by before submitting an offer. 7 total units, 4 buildings. Unit mix per seller is four 1 bedrooms, one 2 bedroom, and two Studio units. Rents are well below market. All tenants are on verbal month-to-month leases. R5 zoning, 7500 SF lot. Offering Memorandum available upon request via email. Buyer to complete and rely on own due diligence. No showings until escrow, drive by only.
Last Agent to Sell the Property
Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 07/15/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,332
Year Built
- Built in 1920
Lot Details
- 7,492
Home Design
- Brick Exterior Construction
- Wood Frame Construction
- Composition Roof
- Built-Up Roof
- Stucco
Flooring
- Concrete Flooring
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
Schools
- Garfield Elementary School
- North High School
Utilities
- Evaporated cooling system
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for water, sewer
- The owner pays for water
- Legal Lot and Block 1 / 2
- Assessor Parcel Number 116-26-017
Community Details
Overview
- 4 Buildings
- 7 Units
- Building Dimensions are 7500
Building Details
- Operating Expense $1,332
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 15, 2018
Closed on
Jan 11, 2019
Sold by
Michael Freed Sp Llc
Bought by
Sunshine Realty Holdings Llc
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Raquel Casian
Compass
List Price
$410,000
Sold Price
$320,000
Premium/Discount to List
-$90,000
-21.95%
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
$570,920
Avg. Annual Appreciation
15.85%
Purchase Details
Closed on
Apr 15, 2011
Sold by
First Realty Mac Llc
Bought by
Michael Freed Sp Llc
Purchase Details
Closed on
Mar 15, 2011
Sold by
Verrado Investments Llc
Bought by
Polk Street Developments Llc
Purchase Details
Closed on
May 23, 2007
Sold by
Polk Street Developments Llc
Bought by
Verrado Investments Llc and Polk Project Trust
Purchase Details
Closed on
May 22, 2006
Sold by
Morningstar Pamela S and Estate Of Brian C Bosch
Bought by
Starpointe Holdings Llc and Investors Classified Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.46%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 29, 1997
Sold by
Medina Manuel C and Medina Sarah H
Bought by
Bosch Brian C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,000
Interest Rate
7.14%
Mortgage Type
Seller Take Back
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sunshine Realty Holdings Llc | $320,000 | Great American Title Agency | |
| Michael Freed Sp Llc | $100,000 | Chicago Title | |
| Michael Freed Sp Llc | $100,000 | Chicago Title | |
| Polk Street Developments Llc | -- | None Available | |
| Verrado Investments Llc | -- | None Available | |
| Starpointe Holdings Llc | $202,000 | Ticor Title Agency Of Az Inc | |
| Bosch Brian C | $40,000 | Lawyers Title Of Arizona Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Starpointe Holdings Llc | $125,000 | |
| Previous Owner | Bosch Brian C | $37,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/15/2019 01/15/19 | Sold | $320,000 | -22.0% | $194 / Sq Ft |
| 01/02/2019 01/02/19 | Price Changed | $410,000 | 0.0% | $248 / Sq Ft |
| 10/08/2018 10/08/18 | For Sale | $410,000 | 0.0% | $248 / Sq Ft |
| 10/08/2018 10/08/18 | Price Changed | $410,000 | 0.0% | $248 / Sq Ft |
| 09/18/2018 09/18/18 | Pending | -- | -- | -- |
| 08/09/2018 08/09/18 | Price Changed | $410,000 | -4.0% | $248 / Sq Ft |
| 07/05/2018 07/05/18 | For Sale | $427,000 | -- | $259 / 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 | $5,397 | $37,995 | -- | -- |
| 2024 | $5,032 | $36,185 | -- | -- |
| 2023 | $5,032 | $60,460 | $12,090 | $48,370 |
| 2022 | $1,384 | $39,800 | $7,960 | $31,840 |
| 2021 | $1,374 | $31,860 | $6,370 | $25,490 |
| 2020 | $1,389 | $26,780 | $5,350 | $21,430 |
| 2019 | $1,387 | $21,710 | $4,340 | $17,370 |
| 2018 | $1,363 | $18,080 | $3,610 | $14,470 |
| 2017 | $1,332 | $16,610 | $3,320 | $13,290 |
| 2016 | $1,294 | $11,800 | $2,360 | $9,440 |
| 2015 | $1,197 | $10,500 | $2,100 | $8,400 |
Source: Public Records
Agents Affiliated with this Home
-
James Stephens
-
Raquel Casian
Buyer's Agent in 2019
Raquel Casian
Compass
(480) 522-9680
52 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5793888
APN: 116-26-017A
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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