NOT LISTED FOR SALE

1022 S Montezuma Ave Phoenix, AZ 85003

Central City Neighborhood

Estimated Value: $448,296

-- Bed
-- Bath
-- Sq Ft
6,490 Sq Ft Lot

Last Sold September 28, 2023

Last sale price $475,000

Est. 6% decrease in value since last sale

Current estimated payment $2,536/month

24 Days on Market

Highlights

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

About This Home

As of September 2023

Investors, Developers and owner occupants this is a AMAZING opportunity to own two parcels #112-17-100 and 112-17-101 Property consists a duplex and a storage building with no utilities. Duplex has a new roof, insulation as well as hot water heater. Both units in the duplex have their owner washer and dryer. Unit #1 is a 2 x 2 and unit #2 is a 1 x 1. Additional, expansion and building is possible on this property.

Last Listed By

Nima Faghih

Cluff Real Estate LLC License #SA696852000 Listed on: 08/11/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $581

Year Built

  • Built in 1942

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water
  • Legal Lot and Block 13 / 39
  • Assessor Parcel Number 112-17-100

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 9750
  • Montgomery Add Blks 23 26, 31 34, 39 42, 47 50 Subdivision

Building Details

  • Operating Expense $581
  • Gross Income $34,800
  • Net Operating Income $34,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$581

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1942
  • Tax Year: 2022
  • Directions: Head west on Buckeye to Montezuma. Property on the SW corner
  • Road Surface Type: Asphalt
  • Subdivision Name: MONTGOMERY ADD BLKS 23-26, 31-34, 39-42, 47-50
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Concrete
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Slump Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Parking Features: Street Parking
  • Attached Garage: No
  • 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:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 9750
  • Additional Parcels: Yes
  • Parcel #: 112-17-100

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Gas, Electricity, Water
  • Number Of Units Total: 3
  • Annual Gross Income: 34800.0
  • Property Net Operating Income: 34800.0
  • Annual Operating Expense: 581.0

Tax Info

  • Tax Annual Amount: 581.0
  • Tax Block: 39
  • Tax Book Number: 112.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2024
Sold by
Howard Joshua and Dischinger Nathan Daniel
Bought by
Howard Joshua and Dischinger Nathan Daniel
Total Days on Market
24
Current Estimated Value
$448,296

Purchase Details

Listed on
Aug 11, 2023
Closed on
Oct 10, 2023
Sold by
Royal Executives Llc
Bought by
Howard Joshua and Dischinger Nathan Daniel
Seller's Agent
Nima Faghih
Cluff Real Estate LLC
Buyer's Agent
Mike Snitz
eXp Realty
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.01%
Original Mortgage
$403,750
Interest Rate
7.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2015
Sold by
Adwa James B
Bought by
Rabin Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,250
Interest Rate
3.91%
Mortgage Type
Commercial

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
Howard Joshua -- None Listed On Document
Howard Joshua -- None Listed On Document
Howard Joshua $475,000 Old Republic Title Agency
Rabin Melissa $55,000 Magnus Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Howard Joshua $403,750
Previous Owner Rabin Melissa $41,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2023 09/28/23 Sold $475,000 -4.8% --
09/05/2023 09/05/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $499,000 +10.9% --
04/15/2022 04/15/22 Sold $450,000 -10.0% --
02/14/2022 02/14/22 For Sale $500,000 -- --
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 $608 $4,545 -- --
2024 $602 $4,329 -- --
2023 $602 $22,260 $3,180 $19,080
2022 $581 $16,540 $2,360 $14,180
2021 $576 $13,230 $1,890 $11,340
2020 $583 $10,610 $1,510 $9,100
2019 $582 $9,470 $1,350 $8,120
2018 $572 $7,680 $1,090 $6,590
2017 $559 $6,400 $910 $5,490
2016 $543 $5,070 $720 $4,350
2015 $502 $5,130 $730 $4,400
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Nima Faghih

    Cluff Real Estate LLC

    (480) 252-4576

    2 in this area

    10 Total Sales

    Nima Faghih
    Section Image
  • Mike Snitz

    Buyer's Agent in 2023

    Mike Snitz

    eXp Realty

    (602) 327-2785

    1 in this area

    133 Total Sales

    Mike Snitz
    Section Image

  • M

    Seller's Agent in 2022

    Michael Hernandez

    eXp Realty

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6591220

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-17-100

Arizona Maricopa County Phoenix 85003 Central City

1022 S Montezuma Ave, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 1022 S Montezuma Ave, Phoenix, AZ 85003 since 11 August 2023 and is currently priced at $448,296. This property was built in 1942. 1022 S Montezuma 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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