Megan Faber
Real Broker
(623) 323-5384
109 Total Sales
1 in Central City
$800,000 Price
1038 N 25th St Phoenix, AZ 85008
Central City NeighborhoodEstimated Value: $432,000 - $699,000
Studio
6
Baths
3,030
Sq Ft
$178/Sq Ft
Est. Value
Highlights
- Desert Landscape
- Phoenix Coding Academy Rated A
- Heating Available
About This Home
As of June 2025Don't miss out on this fantastic investment opportunity! This three-family home offers excellent potential for value-added improvements, with many upgrades completed in 2020. The property features three rental units: a front single-family home with 4 bedrooms and 1 bathroom, a spacious 2-bedroom, 1-bathroom unit, and a studio apartment, with each unit in a separate building.Well-located, the property benefits from steady rental demand due to its proximity to the medical center and nearby amenities, making it an ideal mid-term rental for traveling nurses.The property can be purchased separately or together with the adjacent three-family at 1046 N 25th St, presenting an incredible investment opportunity. Whether you're a seasoned investor or looking for a value-driven opportunity.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $854
Year Built
- Built in 1955
Lot Details
- Desert Landscape
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Additional Parking
- Assigned Parking
Utilities
- Heating Available
- Separate Meters
- Natural Gas Not Available
Listing and Financial Details
- REO, home is currently bank or lender owned
- Tenant pays for electricity
- The owner pays for water, sewer, trash collection
- Tax Lot 4
- Assessor Parcel Number 121-79-132-A
Community Details
Overview
- 3 Buildings
- 3 Units
- Building Dimensions are 75 x 140
- Elsinore Subdivision
Building Details
- Operating Expense $854
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
Closed on
May 12, 2026
Sold by
Desarie Bass and Dynasty 810 Trust
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$487,056
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$53,730
Purchase Details
Closed on
Oct 27, 2025
Sold by
Zircon Llc
Bought by
Dynasty 810 Trust and Bass
Purchase Details
Listed on
Mar 17, 2025
Closed on
May 29, 2025
Sold by
Greene Street Funding Trust Ii Inc and Us Bank National Association
Bought by
Zircon Llc
Seller's Agent
Joseph Mahoney
JM Realty
Buyer's Agent
Tashia Dinkins
Keller Williams Realty Sonoran Living
List Price
$475,900
Sold Price
$420,000
Premium/Discount to List
-$55,900
-11.75%
Views
46
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.61%
Original Mortgage
$402,500
Interest Rate
6.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 16, 2025
Sold by
Mike Johnson Enterprises Llc
Bought by
Greene Street Funding Trust and Us Bank National Association
Purchase Details
Closed on
Feb 28, 2022
Sold by
Mike Johnson Az Property Investments Llc
Bought by
Mike Johnson Enterprises Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,647,710
Interest Rate
3.55%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 4, 2020
Sold by
Sound Llc
Bought by
Mike Johnson Az Property Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.74%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 16, 2020
Sold by
Steinhaus Brenda Garcia
Bought by
South Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.74%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 14, 2018
Sold by
Gomez Marvila
Bought by
Scott Beverly Esperanza
Purchase Details
Closed on
Mar 17, 2015
Sold by
Grahan Saloman Robles
Bought by
Gomez Marvila
Purchase Details
Closed on
Dec 2, 2012
Sold by
Scott Esperanza
Bought by
Graham Ruben Philip Salomon
Purchase Details
Closed on
Jan 26, 2012
Sold by
Graham Ruben Philip Salomon
Bought by
Graham Saloman R
Purchase Details
Closed on
Mar 28, 2000
Sold by
Scott Don
Bought by
Scott Esperanza
Purchase Details
Closed on
Mar 31, 1998
Sold by
Blesich Venture I
Bought by
Scott Donald and Scott Beverly
Purchase Details
Closed on
Nov 19, 1997
Sold by
Blesich Venture I
Bought by
Scott Donald and Scott Beverly
Purchase Details
Closed on
Oct 28, 1993
Sold by
Schaller Estate
Bought by
Blesich Venture I
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central City, AZ
-
Megan Faber
-
Oswald Nkengurikiyimana
Oswald Nkengurikiyimana
Deluxe Prime Realty
(623) 335-0232
108 Total Sales
1 in Central City
$275,000 Price
-
Daren Freeman
Daren Freeman
Compass
(623) 246-4270
63 Total Sales
1 in Central City
$413,000 Price
-
Skyler Keyser
Skyler Keyser
Responds QuicklyThe Agency
(623) 777-2928
128 Total Sales
1 in Central City
$499,000 Price
-
Stephen Liby
Stephen Liby
HomeSmart
(623) 254-1098
33 Total Sales
1 in Central City
$470,000 Price
-
Monica Moreno
Monica Moreno
HomeSmart
(623) 323-3655
103 Total Sales
1 in Central City
$405,000 Price
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 |
|---|---|---|---|
| -- | Magnus Title Agency | ||
| Dynasty 810 Trust | -- | Magnus Title Agency | |
| Zircon Llc | $420,000 | Magnus Title Agency | |
| Greene Street Funding Trust | $2,715,000 | None Listed On Document | |
| Mike Johnson Enterprises Llc | -- | Pioneer Title | |
| Mike Johnson Az Property Investments Llc | $300,000 | Great American Title Agency | |
| South Llc | $100,000 | Great American Title Agency | |
| Scott Beverly Esperanza | -- | None Available | |
| Gomez Marvila | -- | None Available | |
| Graham Ruben Philip Salomon | -- | None Available | |
| Graham Saloman R | -- | None Available | |
| Scott Esperanza | -- | -- | |
| Scott Donald | $50,000 | Fidelity Title | |
| Scott Donald | $48,500 | Fidelity Title | |
| Blesich Venture I | $61,700 | Fidelity Natl Title |
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 |
|---|---|---|---|
| Open | $487,500 | ||
| Closed | Zircon Llc | $402,500 | |
| Previous Owner | Mike Johnson Enterprises Llc | $2,647,710 | |
| Previous Owner | Mike Johnson Az Property Investments Llc | $375,000 |
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 |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | Sold | $420,000 | -11.7% | $139 / Sq Ft |
| 06/07/2025 06/07/25 | Price Changed | $475,900 | 0.0% | $157 / Sq Ft |
| 06/03/2025 06/03/25 | Price Changed | $475,900 | 0.0% | $157 / Sq Ft |
| 04/11/2025 04/11/25 | Pending | -- | -- | -- |
| 04/09/2025 04/09/25 | Pending | -- | -- | -- |
| 03/17/2025 03/17/25 | For Sale | $475,900 | -- | $157 / 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 | $887 | $6,568 | ||
| 2024 | $844 | $6,255 | ||
| 2023 | $844 | $40,430 | $8,080 | $32,350 |
| 2022 | $811 | $29,280 | $5,850 | $23,430 |
| 2021 | $831 | $19,210 | $3,840 | $15,370 |
| 2020 | $810 | $16,080 | $3,210 | $12,870 |
| 2019 | $805 | $12,800 | $2,560 | $10,240 |
| 2018 | $788 | $10,170 | $2,030 | $8,140 |
| 2017 | $758 | $10,350 | $2,070 | $8,280 |
| 2016 | $728 | $8,320 | $1,660 | $6,660 |
| 2015 | $678 | $6,510 | $1,300 | $5,210 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Mahoney
Seller's Agent in 2025
Joseph Mahoney
JM Realty
(480) 785-5612
3 in this area
69 Total Sales
-
Tashia Dinkins
Buyer's Agent in 2025
Tashia Dinkins
Keller Williams Realty Sonoran Living
(623) 207-9899
2 in this area
29 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6836775
APN: 121-79-132A
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.
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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