NOT LISTED FOR SALE

Estimated Value: $528,000 - $588,000

3 Beds
3 Baths
1,552 Sq Ft
$360/Sq Ft Est. Value

Last Sold July 05, 2023

Last sale price $570,000 $367 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,976/month

75 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • 4-minute walk to Central Park
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of July 2023

1009 South 1st Avenue is a 3-Unit, Garden-Style Property, Built in 1916 & 1971. The Property Consists of (1) 2-Bed / 1.5 Bath Single-Family Home & (1) Duplex With (2) 1-Bed / 1-Bath Units. The Single-Family Home is Equipped With Wood-Style Flooring, New HVAC, & In-Suite Laundry Hookups. Each Unit Features a Private Backyard Area. Located Within a 15 Minute Walk to the Footprint Center (Home of The Phoenix Suns) & Chase Field (Home of the Arizona Diamondbacks). Close Proximity to Various Shopping, Dining, & Entertainment Options of Downtown Phoenix.

SFH: 2 Bed / 1.5 Bath - $1725/mo +$60 RUB
Unit 1: 1 Bed / 1 Bath - $1100/mo +$50 RUB
Unit 2: 1 Bed / 1 Bath - $1250/mo +$30 RUB

*Property is fully occupied, showings and tours cannot be accommodated, drive by only.*

Last Agent to Sell the Property

Bryce Neagle

ABI Multifamily License #SA692871000 Listed on: 03/15/2023

Co-Listed By

Andrew Arambula

ABI Multifamily License #SA688881000

Last Buyer's Agent

Derek Tschilar

Realty ONE Group License #SA703403000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $716

Year Built

  • Built in 1971

Lot Details

  • 6,752

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Wood Flooring

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 5 / 35
  • Assessor Parcel Number 112-24-104

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 6764
  • Montgomery Add Blks 23 26 31 34 39 42 47 50 Subdivision

Building Details

  • Operating Expense $716
  • Gross Income $48,614
  • Net Operating Income $36,273

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$716

Year Built

Built in 1971

Lot Details

6,752 Sq Ft Lot

Listing Details

  • Cross Street: South 1st Avenue & West Tonto Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 2
  • Year Built: 1971
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: MONTGOMERY ADD BLKS 23-26 31-34 39-42 47-50
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: Other (See Remarks), Individual Meter, Solar
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: 6764
  • Additional Parcels: No
  • Parcel #: 112-24-104

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 48614.4
  • Property Net Operating Income: 36273.0
  • Annual Operating Expense: 716.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 716.0
  • Tax Block: 35
  • Tax Book Number: 112.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2023
Closed on
Jul 5, 2023
Sold by
Dh23 Investments Llc
Bought by
Acevedo Gabriela
Seller's Agent
Bryce Neagle
ABI Multifamily
Buyer's Agent
Derek Tschilar
Realty ONE Group
List Price
$570,000
Sold Price
$570,000
Views
38
Current Estimated Value
$559,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,862
Avg. Annual Appreciation
-0.71%
Original Mortgage
$427,500
Outstanding Balance
$415,107
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$144,031

Purchase Details

Closed on
Sep 8, 2022
Sold by
Dallin Hammond
Bought by
Dh23 Investments Llc

Purchase Details

Closed on
Dec 6, 2021
Sold by
Green Home Rentals Llc
Bought by
Hammond Dallin Julius

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
3.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 15, 2015
Closed on
Mar 3, 2015
Sold by
Harris Norma D and Parra Richard R
Bought by
Green Home Rentals Llc
Seller's Agent
Mark Martin
Mark Martin Real Estate
Buyer's Agent
Michael Nicolai
Avenue Home Realty
List Price
$95,000
Sold Price
$79,900
Premium/Discount to List
-$15,100
-15.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.29%
Original Mortgage
$55,930
Interest Rate
3.57%
Mortgage Type
Commercial
Source: Public Records
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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
Acevedo Gabriela $570,000 Roc Title
Dh23 Investments Llc -- --
Hammond Dallin Julius $450,000 Commonwealth Land Ttl Ins Co
Green Home Rentals Llc $79,900 Chicago Title Agency
Parra Richard R -- Chicago Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acevedo Gabriela $427,500
Previous Owner Hammond Dallin Julius $337,500
Previous Owner Green Home Rentals Llc $55,930
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/05/2023 07/05/23 Sold $570,000 0.0% $367 / Sq Ft
06/29/2023 06/29/23 For Sale $570,000 0.0% $367 / Sq Ft
06/24/2023 06/24/23 For Sale $570,000 0.0% $367 / Sq Ft
05/26/2023 05/26/23 Price Changed $570,000 -1.7% $367 / Sq Ft
05/23/2023 05/23/23 Price Changed $580,000 0.0% $374 / Sq Ft
05/23/2023 05/23/23 For Sale $580,000 0.0% $374 / Sq Ft
04/25/2023 04/25/23 Price Changed $580,000 0.0% $374 / Sq Ft
04/25/2023 04/25/23 For Sale $580,000 -1.7% $374 / Sq Ft
03/15/2023 03/15/23 For Sale $590,000 +638.4% $380 / Sq Ft
03/09/2015 03/09/15 Sold $79,900 -15.9% $77 / Sq Ft View Prior Sale
02/13/2015 02/13/15 Pending -- -- --
01/15/2015 01/15/15 For Sale $95,000 -- $92 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $796 $5,606 -- --
2024 $742 $5,339 -- --
2023 $742 $25,630 $5,120 $20,510
2022 $716 $19,600 $3,920 $15,680
2021 $711 $15,900 $3,180 $12,720
2020 $719 $13,080 $2,610 $10,470
2019 $718 $11,000 $2,200 $8,800
2018 $705 $8,220 $1,640 $6,580
2017 $689 $7,850 $1,570 $6,280
2016 $669 $6,370 $1,270 $5,100
2015 $619 $6,260 $1,250 $5,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6531899

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-24-104

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