NOT LISTED FOR SALE

1024 E Townley Ave Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $258,442 - $304,000

-- Bed
1 Bath
720 Sq Ft
$390/Sq Ft Est. Value

Last Sold September 27, 2019

Last sale price $565,000 $785 Per Sq Ft

Est. 50% decrease in value since last sale

Current estimated payment $1,488/month

3 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Floor Furnace
  • Sunnyslope High School Rated A

About This Home

As of September 2019

Incredible investment! Well maintained 7 individual units with private driveways, front yards, and no common walls. With 6 one bedroom units and 1 two bedroom unit, features include (depending on the unit) front porch, carports, security screens, separate storage sheds, washer/dryer hookups, refrigerators, ranges, newer cabinets, flooring, exterior paint, roofs, and ACs. Also available for sale on the same street is a 5 unit complex.

Last Agent to Sell the Property

Troy Koehler

Realty ONE Group License #SA543884000 Listed on: 08/15/2019

Last Buyer's Agent

Stacy Fitzgerald

BLD Real Estate License #BR572835000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,759

Year Built

  • Built in 1950

Lot Details

  • 4,966

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 5 Open Parking Spaces
  • 7 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating
  • Wall Furnace
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 160-02-036

Community Details

Overview

  • 7 Buildings
  • 7 Units
  • Building Dimensions are 23,485 sf

Building Details

  • Operating Expense $8,279
  • Gross Income $38,100
  • Net Operating Income $31,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,759

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: 7th St. and Dunlap
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 7
  • Year Built: 1950
  • Tax Year: 2018
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: Unknown
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual, Heat Pump, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Water Sewer Expense: 4880.0

Lot Info

  • Lot Size: 23,485 sf
  • Additional Parcels: Yes
  • Parcel #: 160-02-036

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 7
  • Annual Gross Income: 38100.0
  • Insurance Expense: 1640.0
  • Property Net Operating Income: 31580.0
  • Annual Operating Expense: 8279.0

Tax Info

  • Tax Annual Amount: 1759.0
  • Tax Book Number: 160.00
  • Tax Lot: --

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2024
Sold by
Azip Llc
Bought by
11Auto Llc
Current Estimated Value
$281,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,783,000
Outstanding Balance
$2,433,542
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
-$2,152,431

Purchase Details

Listed on
Aug 15, 2019
Closed on
Sep 10, 2019
Sold by
Gomez Raul and Gomez Guadalupe M
Bought by
Azip Llc
Seller's Agent
Troy Koehler
Realty ONE Group
Buyer's Agent
Stacy Fitzgerald
BLD Real Estate
List Price
$549,900
Sold Price
$565,000
Premium/Discount to List
$15,100
2.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.46%
Original Mortgage
$423,750
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 1994
Sold by
Godfrey Paul J
Bought by
Gomez Raul and Gomez Guadalupe M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.53%
Mortgage Type
Seller Take Back
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
11Auto Llc -- Stewart Title & Trust Of Phoen
11Auto Llc -- Stewart Title & Trust Of Phoen
Azip Llc $565,000 Pioneer Title Agency Inc
Gomez Raul $115,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 11Auto Llc $2,783,000
Closed 11Auto Llc $2,783,000
Previous Owner Azip Llc $423,750
Previous Owner Gomez Raul $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2019 09/27/19 Sold $565,000 +2.7% $785 / Sq Ft
08/17/2019 08/17/19 Pending -- -- --
08/14/2019 08/14/19 For Sale $549,900 -- $764 / 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 $390 $3,067 -- --
2024 $368 $2,921 -- --
2023 $368 $16,260 $3,250 $13,010
2022 $356 $9,110 $1,820 $7,290
2021 $361 $9,170 $1,830 $7,340
2020 $352 $7,630 $1,520 $6,110
2019 $345 $5,300 $1,060 $4,240
2018 $336 $4,420 $880 $3,540
2017 $335 $3,600 $720 $2,880
2016 $329 $3,360 $670 $2,690
2015 $304 $3,000 $600 $2,400
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Troy Koehler

    Realty One Group

    (623) 334-3744

    8 Total Sales

    Troy Koehler
    Section Image
  • Stacy Fitzgerald

    Buyer's Agent in 2019

    Stacy Fitzgerald

    BLD Real Estate

    (623) 826-5729

    1 in this area

    13 Total Sales

    Stacy Fitzgerald
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5965148

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-02-036

Arizona Maricopa County Phoenix 85020 North Central

1024 E Townley Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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