NOT LISTED FOR SALE

Estimated Value: $466,000 - $868,029

Studio
2 Baths
1,154 Sq Ft
$499/Sq Ft Est. Value

Last Sold July 02, 2018

Last sale price $265,000 $230 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $3,083/month

203 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • No Heating
  • Phoenix Coding Academy Rated A

About This Home

As of July 2018

Investment Opportunity in the Garfield Historic District! Always rented. Just blocks away from Downtown Phoenix. Minutes to Sky Harbor Airport. Close to Museums,Science Center, ASU Academy, Parks, Restaurants and Sports Arenas. Each Unit has been remodeled and individually metered. All facts and figures are approximate. Buyer to verify MLS info. Please do not disturb tenants. Sold As Is.

Last Agent to Sell the Property

Terry Caskey

HomeSmart License #SA576583000 Listed on: 11/10/2017

HomeSmart

Last Buyer's Agent

Peter Sandoval

Compass License #SA649384000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $741

Year Built

  • Built in 1920

Lot Details

  • 4,617

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Wood Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • On-Street Parking

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for gas, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 116-31-142

Community Details

Overview

  • 2 Units
  • Building Dimensions are 0.11 acres / 4,600 sqft
  • Stoners Sub Subdivision

Building Details

  • Operating Expense $4,369
  • Gross Income $15,480
  • Net Operating Income $11,296

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$741

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Cross Street: 9th St and Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1920
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: Stoners Sub
  • Garage Yn: Yes
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: <1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Garage Details: Yes
  • Parking:Street Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 300.0
  • Annual Water Sewer Expense: 1200.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 0.11 acres / 4,600 sqft
  • Additional Parcels: No
  • Parcel #: 116-31-142

Multi Family

  • Owner Pays: Gas, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 15480.0
  • Insurance Expense: 1028.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 11296.0
  • Annual Operating Expense: 4369.0

Tax Info

  • Tax Annual Amount: 741.0
  • Tax Book Number: 116.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2018
Sold by
Sandoval Lorena
Bought by
Sandoval Sonia
Current Estimated Value
$576,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 10, 2017
Closed on
May 24, 2018
Sold by
Shadrokh Shanaz
Bought by
Sandoval Lorena
Seller's Agent
Terry Caskey
HomeSmart
Buyer's Agent
Peter Sandoval
Compass
List Price
$269,500
Sold Price
$265,000
Premium/Discount to List
-$4,500
-1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.88%
Original Mortgage
$220,000
Interest Rate
4.6%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 16, 2014
Sold by
Shadrokh Hekmat
Bought by
Shadrokh Shanaz

Purchase Details

Closed on
Jan 18, 2006
Sold by
1030 N 9 St Lp
Bought by
Shadrokh Hekmat

Purchase Details

Closed on
Aug 4, 2005
Sold by
Shadrokh Hekmat Danny
Bought by
1030 N 9St Lp

Purchase Details

Closed on
Jan 27, 2003
Sold by
Moecia Mabel P
Bought by
Felix Jo Ann Katherine and Moecia Frank James
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
Sandoval Sonia $300,000 First American Title Insuran
Sandoval Lorena $265,000 Lawyers Title Of Arizona Inc
Shadrokh Shanaz -- None Available
Shadrokh Hekmat -- None Available
1030 N 9St Lp -- Ticor Title Agency Of Az Inc
Shadrokh Hekmat Danny $135,000 Ticor Title Agency Of Az Inc
Felix Jo Ann Katherine -- --
Moecia Mabel P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sandoval Sonia $240,000
Previous Owner Sandoval Lorena $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2018 07/02/18 Sold $265,000 -1.7% $230 / Sq Ft
06/11/2018 06/11/18 For Sale $269,500 0.0% $234 / Sq Ft
06/11/2018 06/11/18 Price Changed $269,500 0.0% $234 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
04/12/2018 04/12/18 Price Changed $269,500 -2.9% $234 / Sq Ft
02/15/2018 02/15/18 Price Changed $277,500 -0.9% $240 / Sq Ft
11/10/2017 11/10/17 For Sale $279,900 -- $243 / 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 $856 $6,025 -- --
2024 $798 $5,738 -- --
2023 $798 $25,620 $5,120 $20,500
2022 $769 $18,000 $3,600 $14,400
2021 $764 $15,320 $3,060 $12,260
2020 $773 $13,130 $2,620 $10,510
2019 $771 $11,220 $2,240 $8,980
2018 $758 $10,380 $2,070 $8,310
2017 $741 $9,170 $1,830 $7,340
2016 $719 $6,820 $1,360 $5,460
2015 $666 $5,380 $1,070 $4,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5687093

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-31-142