NOT LISTED FOR SALE

Estimated Value: $330,000 - $410,000

Studio
-- Bath
1,222 Sq Ft
$291/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $224,000 $183 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,928/month

61 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of December 2020

Discover this spacious 1BR, 1BA apartment in Central Phoenix, offering 900 sq. ft. of comfortable living. The unit features a large closet, dedicated parking, and includes water and trash in the rent. Conveniently located just steps from the light rail, shopping centers, and top-rated schools, you'll enjoy an easy commute with quick freeway access in a vibrant neighborhood.

**Special Offer**: Move in by December 1, 2024, and enjoy a discounted rent of $1,250/month for the first 6 months. Regular rent of $1,280/month resumes on May 1, 2025.

Additional requirements:

* Background and credit check (no hard pull)
* Renters insurance is mandatory (affordable options range from $8 to $17/month)

This apartment offers the perfect mix of comfort, convenience, and prime location—ideal for anyone seeking a great place to call home!

Last Agent to Sell the Property

Diana Mendoza

Coldwell Banker Realty License #SA658354000 Listed on: 09/28/2020

Last Buyer's Agent

Jose Reyes Alvarez

RETSY License #SA685928000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $744

Year Built

  • Built in 2003

Lot Details

  • 5,358

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking
  • On-Street Parking

Schools

  • Roosevelt Elementary School
  • John F Kennedy Middle School
  • South Mountain High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 24
  • Assessor Parcel Number 114-27-017-B

Community Details

Overview

  • 2 Units
  • Building Dimensions are 25X50 APPROX
  • Estrella Rancho Numero Tres Subdivision

Building Details

  • Operating Expense $3,332
  • Gross Income $18,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$744

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: 7TH ST AND SOUTHERN AVE
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2003
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: ESTRELLA RANCHO NUMERO TRES
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Free, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Roosevelt Elementary School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: John F Kennedy School

Lot Info

  • Lot Size: 25X50 APPROX
  • Additional Parcels: No
  • Parcel #: 114-27-017-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 18600.0
  • Insurance Expense: 788.0
  • Annual Operating Expense: 3332.0

Tax Info

  • Tax Annual Amount: 744.0
  • Tax Book Number: 114.00
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2021
Sold by
Stephens William T
Bought by
Stephens William T and Stephens Samantha Walker
Current Estimated Value
$356,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Outstanding Balance
$151,355
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$204,683

Purchase Details

Listed on
Sep 28, 2020
Closed on
Dec 16, 2020
Sold by
Stephens Samantha Walker
Bought by
Stephens William T
Seller's Agent
Diana Mendoza
Coldwell Banker Realty
Buyer's Agent
Jose Reyes Alvarez
RETSY
List Price
$239,000
Sold Price
$224,000
Premium/Discount to List
-$15,000
-6.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.55%
Original Mortgage
$179,200
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 28, 2020
Closed on
Dec 15, 2020
Sold by
Lopez Ivan Cazares
Bought by
Stephens William T
Seller's Agent
Diana Mendoza
Coldwell Banker Realty
Buyer's Agent
Jose Reyes Alvarez
RETSY
List Price
$239,000
Sold Price
$224,000
Premium/Discount to List
-$15,000
-6.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,200
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 30, 2019
Closed on
Oct 9, 2019
Sold by
Mendoza Diana and Lopez Ivan Cazares
Bought by
Lopez Ivan Cazares
Seller's Agent
Mauricio Leiva
North American Realty
Buyer's Agent
Diana Mendoza
Avenue Home Realty
List Price
$170,000
Sold Price
$160,000
Premium/Discount to List
-$10,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.00%
Original Mortgage
$115,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2018
Sold by
Sotelo Conrado Estrada
Bought by
Ayala Gelacia Trujillo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,300
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2015
Sold by
Levine Jonathan S
Bought by
Empire Dawn Llc

Purchase Details

Closed on
Jun 19, 2010
Sold by
Villa Felipe Neftali
Bought by
Brandory Investments Llc

Purchase Details

Closed on
Mar 27, 2007
Sold by
Foresight Investment Group Llc
Bought by
South Vista Developments Llc

Purchase Details

Closed on
Mar 21, 2007
Sold by
Foresight Investment Group Llc
Bought by
South Vista Developments Llc

Purchase Details

Closed on
May 25, 2005
Sold by
The Ramon & Deborah Investments Llc
Bought by
Platinum Properties Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,900
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 19, 2005
Sold by
Platinum Properties Llp
Bought by
Villa Felipe Neftali

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,900
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 12, 2004
Sold by
First Place Investment Llp
Bought by
Casas Kathy and Casas Candys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 2003
Sold by
Bailey Kathy A
Bought by
First Place Investment Llp

Purchase Details

Closed on
May 15, 2003
Sold by
Urquhart Joseph G
Bought by
Platinum Properties Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,376
Interest Rate
5.71%

Purchase Details

Closed on
May 1, 2003
Sold by
Platinum Properties Llp
Bought by
Bailey Kathy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,376
Interest Rate
5.71%

Purchase Details

Closed on
Aug 1, 2002
Sold by
Trc Investors I Lp
Bought by
Urquhart Joseph G

Purchase Details

Closed on
Jun 17, 2002
Sold by
Jones Sang S
Bought by
Trc Investors I Ltd Partnership
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Stephens William T -- Magnus Title Agency Llc
Stephens William T -- Equity Title Agency Inc
Stephens William T $224,000 Equity Title Agency Inc
Lopez Ivan Cazares -- Driggs Title Agency Inc
Lopez Ivan Cazares $160,000 Driggs Title Agency Inc
Ayala Gelacia Trujillo -- Empire West Title Agency Llc
Ayala Gelacia Trujillo $118,000 Empire West Title Agency Llc
Empire Dawn Llc -- Security Title Agency
Levine Jonathan S -- Security Title Agency
Bron Investments Llc $251,664 Security Title Agency
Propiedades Perfectos Llc -- Security Title Agency
Brandory Investments Llc $38,200 None Available
South Vista Developments Llc -- None Available
South Vista Developments Llc -- None Available
Platinum Properties Llp -- Stewart Title & Trust Of Pho
Villa Felipe Neftali $139,900 Stewart Title & Trust Of Pho
Casas Kathy -- --
First Place Investment Llp -- --
Platinum Properties Llp -- --
Bailey Kathy A $100,000 Security Title Agency
Urquhart Joseph G -- Capital Title Agency
Trc Investors I Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stephens William T $168,000
Closed Stephens William T $179,200
Previous Owner Lopez Ivan Cazares $115,000
Previous Owner Ayala Gelacia Trujillo $100,300
Previous Owner Platinum Properties Llp $104,900
Previous Owner Villa Felipe Neftali $104,900
Previous Owner Casas Kathy $25,000
Previous Owner Platinum Properties Llp $82,376
Previous Owner Bailey Kathy A $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2024 12/17/24 Off Market $1,250 -- --
11/14/2024 11/14/24 Price Changed $1,250 -2.3% $1 / Sq Ft
10/25/2024 10/25/24 For Rent $1,280 0.0% --
12/18/2020 12/18/20 Sold $224,000 -1.5% $183 / Sq Ft
11/28/2020 11/28/20 Pending -- -- --
11/26/2020 11/26/20 Price Changed $227,500 -4.8% $186 / Sq Ft
11/06/2020 11/06/20 For Sale $239,000 0.0% $196 / Sq Ft
11/01/2020 11/01/20 Pending -- -- --
10/19/2020 10/19/20 Price Changed $239,000 -4.4% $196 / Sq Ft
10/10/2020 10/10/20 Price Changed $249,900 0.0% $205 / Sq Ft
09/28/2020 09/28/20 For Sale $250,000 +56.3% $205 / Sq Ft
10/16/2019 10/16/19 Sold $160,000 -5.9% $131 / Sq Ft View Prior Sale
09/24/2019 09/24/19 Pending -- -- --
08/29/2019 08/29/19 For Sale $170,000 -- $139 / 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 $796 $5,277 -- --
2024 $753 $5,025 -- --
2023 $753 $20,750 $4,150 $16,600
2022 $738 $14,500 $2,900 $11,600
2021 $753 $12,180 $2,430 $9,750
2020 $744 $10,920 $2,180 $8,740
2019 $720 $9,830 $1,960 $7,870
2018 $700 $8,130 $1,620 $6,510
2017 $667 $6,810 $1,360 $5,450
2016 $635 $5,880 $1,170 $4,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6138837

Arizona Regional Multiple Listing Service (ARMLS)

APN: 114-27-017B