NOT LISTED FOR SALE

1029 E Fairmount Ave Phoenix, AZ 85014

Central City Neighborhood
13 Beds
8 Baths
1,546 Sq Ft
1964 Built

Last Sold May 04, 2018

Last sale price $910,000 $589 Per Sq Ft

33 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill

About This Home

As of May 2018

DO NOT WALK PROPERTY * DO NOT DISTURB TENANTS. Surrounded by dozens of residential remodel projects in this gentrifying neighborhood, the Fairmount Apartments consist of 8 separate street addresses on one tax parcel- like 8 homes. This low density property offers an abundance of greenspace with fenced courtyards containing grapefruit, orange and tangerine trees. Some units have fenced front yards, others have private back yards. Several units have their own carports and others offer private garages. With semi-private shaded patios, mature trees, fenced yards and so much open space these are more like individual homes than apartments. This community consists of a mix of 1/1, 2/1 and 2/2 rental units surrounding a large lush courtyard with mature trees. many interior upgrades

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 03/21/2018

Last Buyer's Agent

Ryan Smith

ZENDOOR License #BR659309000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,222

Year Built

  • Built in 1964

Lot Details

  • Property fronts an alley

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Wood
  • Concrete
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 15 Parking Spaces
  • 7 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number 118-06-017-B

Community Details

Overview

  • 3 Buildings
  • 8 Units
  • Building Dimensions are irreg
  • West Idlewilde Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $17,563
  • Gross Income $88,138
  • Net Operating Income $65,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,222

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 7th street and Indian School
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3, M-M
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2017
  • Directions: Indian School to 12th Street, south to Fairmount, West t o property
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Concrete, Sidewalk(s)
  • Subdivision Name: WEST IDLEWILDE
  • Garage Yn: Yes
  • Tax Parcel Letter: B
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile, Wood, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 7.0
  • Parking Features: Paved Parking, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 15.0
  • General Property Description:Covered Parking Spcs: 7.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 15.0
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Barbecue

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Water Sewer Expense: 4615.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irreg
  • Additional Parcels: No
  • Parcel #: 118-06-017-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 1093.0
  • Annual Gross Income: 88138.15
  • Insurance Expense: 1283.0
  • Maintenance Expense: 2592.0
  • Property Net Operating Income: 65000.0
  • Annual Operating Expense: 17563.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3222.0
  • Tax Block: 2
  • Tax Book Number: 118.00
  • Tax Lot: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2018 05/04/18 Sold $910,000 -17.2% $589 / Sq Ft
04/23/2018 04/23/18 Pending -- -- --
04/16/2018 04/16/18 Price Changed $1,099,000 -4.4% $711 / Sq Ft
03/21/2018 03/21/18 For Sale $1,149,000 -- $743 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Scott Trevey

    REI Marketing

  • Ryan Smith

    Buyer's Agent in 2018

    Ryan Smith

    ZENDOOR

    (602) 566-7203

    Ryan Smith
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5740126

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85014 Central City

1029 E Fairmount Ave, Phoenix, AZ

This home is located at 1029 E Fairmount Ave, Phoenix, AZ 85014 since 21 March 2018. This property was built in 1964. 1029 E Fairmount Ave is a home located in Maricopa County with nearby schools including Longview Elementary School, Osborn Middle School, and Phoenix Coding Academy.

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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