NOT LISTED FOR SALE

1026 E Fairmount Ave Phoenix, AZ 85014

Central City Neighborhood

Estimated Value: $788,000 - $1,342,000

2 Beds
-- Bath
4,003 Sq Ft
$252/Sq Ft Est. Value

Sale Details

Date Sold: January 21, 2014

Last sale price $264,000 $66 Per Sq Ft

Est. 283% increase in value since last sale

Current estimated payment $5,729 / mo

8 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Multiple Heating Units
  • Longview Elementary School Rated 9+
  • Ceiling Fan

About This Home

As of January 2014

INVESTOR OPPORTUNITY WITH MOTIVATED SELLER! Looking for a low maintenance investment vehicle that is fully rented? This is it! Each unit is a large 4 bedroom 2 bath unit and has its own separate guest quarters that includes a kitchenette. Tile in all the right places, 2 (2) car garages, Refrigerators, Washers & Dryers included. Exterior was recently painted (11/13), A/C Units are 3 years old. Central location. High rental area. Close to the Arizona Biltmore area, light rail & downtown. Don't miss out on this cash-flowing property!

Last Agent to Sell the Property

Yvonne Faustinos

Russ Lyon Sotheby's International Realty License #SA631372000 Listed on: 12/12/2013

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Lauren Harris

5 Stone Realty Group License #SA640629000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,170

Year Built

  • Built in 2006

Lot Details

  • 9,496

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Automatic Garage Door Opener
  • Paved Parking

Schools

  • Longview Elementary School
  • Osborn Middle School
  • North High School

Utilities

  • Central Air
  • Multiple Heating Units
  • Individual Controls for Heating
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 25
  • Assessor Parcel Number 118-03-030

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 9,483
  • Kay Tract Subdivision

Building Details

  • Operating Expense $6,870
  • Gross Income $33,264
  • Net Operating Income $26,394

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,170

Year Built

Built in 2006

Lot Details

9,496 Sq Ft Lot

Listing Details

  • Cross Street: Indian School Road & 7th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2006
  • Tax Year: 2013
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: Kay Tract
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: 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: 4.0
  • Parking Features: Paved Parking, Auto Door Opener
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Garage Details: Yes
  • Parking:Paved Parking: Yes
  • Parking:Auto Door Opener: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual, Ceiling Fan(s)
  • Heating: Individual, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Longview Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 9,483
  • Additional Parcels: No
  • Parcel #: 118-03-030

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 33264.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 26394.0
  • Annual Operating Expense: 6870.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 2170.0
  • Tax Book Number: 118.00
  • Tax Lot: 25

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2013
Closed on
Jan 16, 2014
Sold by
Bought by
Seller's Agent
Yvonne Faustinos
Russ Lyon Sotheby's International Realty
Buyer's Agent
Lauren Harris
5 Stone Realty Group
List Price
$299,000
Sold Price
$264,000
Premium/Discount to List
-$35,000
-11.71%
Current Estimated Value
$1,009,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$745,874
Avg. Annual Appreciation
11.36%
Original Mortgage
$172,250
Interest Rate
0.0446%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,569
Interest Rate
0.0525%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 12, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
0.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 29, 2004
Sold by
Bought by

Purchase Details

Closed on
Apr 17, 2000
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$264,000 Title365 Agency
$99,900 Chicago Title
$425,000 Fidelity National Title
-- --
-- --
$160,000 Lawyers Title Ins
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $2,500,000
Closed $172,250
Closed $98,569
Closed $340,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/21/2014 01/21/14 Sold $264,000 -11.7% $66 / Sq Ft
12/20/2013 12/20/13 Pending -- -- --
12/12/2013 12/12/13 For Sale $299,000 -- $75 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,681 $28,347 -- --
2024 $3,436 $26,997 -- --
2023 $3,436 $82,580 $16,510 $66,070
2022 $3,417 $62,480 $12,490 $49,990
2021 $3,475 $54,720 $10,940 $43,780
2020 $3,387 $53,600 $10,720 $42,880
2019 $3,240 $45,410 $9,080 $36,330
2018 $3,133 $40,220 $8,040 $32,180
2017 $2,876 $34,810 $6,960 $27,850
2016 $2,775 $28,610 $5,720 $22,890
2015 $2,580 $25,450 $5,090 $20,360
Source: Public Records

Agents Affiliated with this Home

  • Yvonne Faustinos

    Seller's Agent in 2014

    Yvonne Faustinos

    Russ Lyon Sotheby's International Realty

    (480) 580-4524

    30 Total Sales

    Yvonne Faustinos
    Section Image

  • L

    Buyer's Agent in 2014

    Lauren Harris

    5 Stone Realty Group

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5041555

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-03-030

Arizona Maricopa County Phoenix 85014 Central City

1026 E Fairmount Ave, Phoenix, AZ

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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