NOT LISTED FOR SALE

1018 S 3rd Ave Phoenix, AZ 85003

Central City Neighborhood

Estimated Value: $565,613 - $762,000

-- Bed
-- Bath
2,484 Sq Ft
$260/Sq Ft Est. Value

Last Sold June 15, 2021

Last sale price $495,000 $199 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,581/month

4 Days on Market

Highlights

  • Cooling Available
  • Heating System Uses Natural Gas
  • 4-minute walk to Grant Park
  • Phoenix Coding Academy Rated A

About This Home

As of June 2021

Investment Opportunity! Block Four Plex built in 1984, all 2 Bedroom/1 Bath Units & fully rented. Units are individually metered for electricity & master metered for water. Great location w/huge potential w/light rail expansion. Close to downtown. Easy rental area. all w/A/C's (no evap coolers). 2 ac units replaced recently. Fenced parking. Please do not disturb tenants. Rents are under market but are on month to month. Market rent for 2 bedrooms in this area are around $725-$825 per unit.

Last Agent to Sell the Property

Andrew Maxson

My Home Group Real Estate License #SA553721000 Listed on: 05/25/2021

Last Buyer's Agent

Jessica Jay-Maleski

Sterling Fine Properties License #SA641268000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $974

Year Built

  • Built in 1984

Lot Details

  • 6,490

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 15
  • Assessor Parcel Number 112-24-151

Community Details

Overview

  • 4 Units
  • Building Dimensions are 130 x 50

Building Details

  • Operating Expense $974

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$974

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 3rd Avenue and Buckeye Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2020
  • Directions: From Buckeye, N. onto 3rd Avenue, property is the second one, fenced on the West side of Street
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 130 x 50
  • Additional Parcels: No
  • Parcel #: 112-24-151

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 974.0

Tax Info

  • Tax Annual Amount: 974.0
  • Tax Book Number: 112.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2021
Closed on
Jun 10, 2021
Sold by
Hdb Properties Llc
Bought by
Maleski Chester R and Maleski Jay Linda
Seller's Agent
Andrew Maxson
My Home Group Real Estate
Buyer's Agent
Jessica Jay-Maleski
Sterling Fine Properties
List Price
$460,000
Sold Price
$495,000
Premium/Discount to List
$35,000
7.61%
Current Estimated Value
$646,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,653
Avg. Annual Appreciation
6.51%

Purchase Details

Closed on
Oct 31, 2009
Sold by
Pyavka Alexandr
Bought by
Maximas Capital Llc

Purchase Details

Closed on
Oct 16, 2009
Sold by
Maximus Capital Llc
Bought by
Hdb Properties Llc

Purchase Details

Closed on
Jun 12, 2005
Sold by
Kaye Theresa E
Bought by
Pyavka Alexandr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 26, 2005
Sold by
Pyavka Svetlana
Bought by
Pyavka Alexandr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 15, 2002
Sold by
Kaye Theresa
Bought by
Kaye Theresa E and Theresa E Kaye Revocable Living Trust

Purchase Details

Closed on
Mar 23, 2000
Sold by
Perez Arnold C
Bought by
Kaye Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,800
Interest Rate
8.38%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Maleski Chester R $495,000 Lawyers Title Of Arizona Inc
Maximas Capital Llc $72,100 None Available
Hdb Properties Llc -- None Available
Pyavka Alexandr $232,000 Title Security Agency Of Az
Pyavka Alexandr -- Title Security Agency Of Az
Kaye Theresa E -- --
Kaye Theresa $72,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pyavka Alexandr $185,600
Previous Owner Kaye Theresa $64,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2021 06/15/21 Sold $495,000 +7.6% $199 / Sq Ft
05/24/2021 05/24/21 For Sale $460,000 -- $185 / Sq Ft
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 $1,016 $7,598 -- --
2024 $1,006 $7,236 -- --
2023 $1,006 $31,710 $6,340 $25,370
2022 $971 $23,970 $4,790 $19,180
2021 $963 $18,680 $3,730 $14,950
2020 $974 $15,170 $3,030 $12,140
2019 $973 $13,380 $2,670 $10,710
2018 $956 $10,080 $2,010 $8,070
2017 $934 $9,930 $1,980 $7,950
2016 $907 $8,250 $1,650 $6,600
2015 $839 $8,330 $1,660 $6,670
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Andrew Maxson

    My Home Group

    (480) 704-3012

    1 in this area

    30 Total Sales

    Andrew Maxson
    Section Image
  • Jessica Jay-Maleski

    Buyer's Agent in 2021

    Jessica Jay-Maleski

    Sterling Fine Properties

    (480) 447-3553

    2 in this area

    20 Total Sales

    Jessica Jay-Maleski
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6240949

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-24-151

Arizona Maricopa County Phoenix 85003 Central City

1018 S 3rd Ave, Phoenix, AZ

This home is located at 1018 S 3rd Ave, Phoenix, AZ 85003 since 25 May 2021 and is currently estimated at $646,653, approximately $260 per square foot. This property was built in 1984. 1018 S 3rd Ave is a home located in Maricopa County with nearby schools including Lowell School, Phoenix Coding Academy, and Central High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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