NOT LISTED FOR SALE

1037 N 31st St Phoenix, AZ 85008

Central City Neighborhood

Estimated Value: $371,820 - $442,000

-- Bed
-- Bath
1,400 Sq Ft
$286/Sq Ft Est. Value

Last Sold December 23, 2016

Last sale price $135,000 $96 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $2,176/month

369 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of December 2016

Excellent CASH FLOW rental property with low taxes, low maintenance and great tenants who pay on time. Too many interior and exterior improvements to list for these 2-bedroom duplex units. True 9% CAP Investment! Low expenses, most capital items are relatively new and excellent potential for upside rents. This is a terrific cash flow investment for your client looking for good, long term monthly income.

Last Agent to Sell the Property

Jon Conelly

FSR Realty License #BR094120000 Listed on: 06/23/2015

Last Buyer's Agent

Jon Conelly

Mandalay Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $444

Year Built

  • Built in 1950

Lot Details

  • 7,928

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV, landscaping
  • Tax Lot 15
  • Assessor Parcel Number 121-72-015

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7942

Building Details

  • Operating Expense $889
  • Net Operating Income $13,675

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$444

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: 32nd Street & Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-6
  • Number Of Buildings: 1
  • Year Built: 1950
  • Tax Year: 2014
  • Directions: West to 32nd Street, North to property
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 7942
  • Additional Parcels: No
  • Parcel #: 121-72-015

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Insurance Expense: 445.0
  • Property Net Operating Income: 13675.0
  • Annual Operating Expense: 889.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 444.0
  • Tax Book Number: 121.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2016
Sold by
Odf Investments Llc
Bought by
Hernandez Jose A Rodriguez
Current Estimated Value
$400,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,554
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 25, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Odf Investments Llc

Purchase Details

Closed on
May 16, 2011
Sold by
Mckee Jean C and Mckee Michael
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Sep 18, 2003
Sold by
Wilson Nick and Wilson Elayne
Bought by
Mckee Michael and Mckee Jean C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2002
Sold by
East Phoenix Management Llc
Bought by
Wilson Nick and Wilson Elayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2001
Sold by
Gudmundsen David and Gudmundsen Melanie
Bought by
East Phoenix Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
6.91%

Purchase Details

Closed on
Sep 20, 2001
Sold by
East Phoenix Management Llc
Bought by
Gudmundsen David and Gudmundsen Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
6.91%

Purchase Details

Closed on
May 24, 2000
Sold by
The Lions Foundation Of Arizona Inc
Bought by
Gudmundsen David C and Gudmundsen Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,750
Interest Rate
8.67%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Hernandez Jose A Rodriguez $135,000 Pioneer Title Agency Inc
Odf Investments Llc $35,200 Great American Title Agency
Federal Home Loan Mortgage Corp $47,000 Great American Title Agency
Mckee Michael -- North American Title Co
Wilson Nick $105,000 First American Title Ins Co
East Phoenix Management Llc -- Land Title Agency
Gudmundsen David -- Land Title Agency
Gudmundsen David C $57,500 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Jose A Rodriguez $132,554
Previous Owner Mckee Michael $100,000
Previous Owner Wilson Nick $84,000
Previous Owner Gudmundsen David $63,000
Previous Owner Gudmundsen David C $51,750
Closed Wilson Nick $21,000
Closed Mckee Michael $12,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2016 12/23/16 Sold $135,000 0.0% $96 / Sq Ft
08/05/2016 08/05/16 Off Market $135,000 -- --
06/20/2016 06/20/16 Pending -- -- --
06/08/2016 06/08/16 Price Changed $139,900 -6.7% $100 / Sq Ft
06/17/2015 06/17/15 For Sale $149,900 -- $107 / 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 $618 $5,114 -- --
2024 $611 $4,870 -- --
2023 $611 $24,030 $4,800 $19,230
2022 $586 $17,670 $3,530 $14,140
2021 $605 $14,760 $2,950 $11,810
2020 $589 $12,210 $2,440 $9,770
2019 $586 $9,670 $1,930 $7,740
2018 $573 $7,810 $1,560 $6,250
2017 $550 $7,850 $1,570 $6,280
2016 $528 $6,160 $1,230 $4,930
2015 $492 $4,850 $970 $3,880
Source: Public Records

Agents Affiliated with this Home

  • Jon Conelly

    Seller's Agent in 2016

    Jon Conelly

    FSR Realty

    (602) 826-5566

    16 Total Sales

    Jon Conelly
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5297615

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-72-015

Arizona Maricopa County Phoenix 85008 Central City

1037 N 31st St, Phoenix, AZ

This home is located at 1037 N 31st St, Phoenix, AZ 85008 since 23 June 2015 and is currently estimated at $400,705, approximately $286 per square foot. This property was built in 1950. 1037 N 31st St is a home located in Maricopa County with nearby schools including Gateway School, Camelback High 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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