NOT LISTED FOR SALE

1062 N 27th St Phoenix, AZ 85008

Central City Neighborhood

Estimated Value: $417,000 - $589,000

-- Bed
-- Bath
2,103 Sq Ft
$243/Sq Ft Est. Value

Last Sold October 18, 2018

Last sale price $217,500 $103 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $2,804/month

52 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of October 2018

This a fabulous duplex! Two spacious units that are both 3 bedroom, 2 bathroom units! Built in 2004. Units like this are hard to find! It is well located, near the hospital and very close to downtown Phoenix.The owner just installed a new a/c on one of the units. There is great freeway access close too. Rents most likely can be raised.The units always stay rented.One unit is month to month and one is through February of 2019.Perfect for an owner occupant or an investor!

Last Agent to Sell the Property

Laney Brandt

HomeSmart License #SA509279000 Listed on: 07/10/2018

Co-Listed By

Sharon Berrett

Compass License #SA651857000

Last Buyer's Agent

Wes Blackwell

My Home Group Real Estate License #SA674470000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $986

Year Built

  • Built in 2004

Lot Details

  • 7,275

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Schools

  • Excelencia Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Tax Lot 132
  • Assessor Parcel Number 121-76-083-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7500
  • Del Rey Lots 21 58 & Lot 99 Subdivision

Building Details

  • Operating Expense $4,736
  • Gross Income $19,500
  • Net Operating Income $14,764

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$986

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: 27th Street & Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: 0
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2004
  • Tax Year: 2017
  • Directions: North on 27th Street, to Portland, property is on the southwest corner.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril18
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: DEL REY LOTS 21-58 & LOT 99
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks)
  • 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
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 2700.0

Schools

  • Elementary School: Excelencia School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 7500
  • Additional Parcels: No
  • Parcel #: 121-76-083-A

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 19500.0
  • Insurance Expense: 750.0
  • Property Net Operating Income: 14764.0
  • Annual Operating Expense: 4736.0

Tax Info

  • Tax Annual Amount: 986.0
  • Tax Book Number: 121.00
  • Tax Lot: 132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2018
Closed on
Sep 27, 2018
Sold by
Nguyen Emily and Li Peter W
Bought by
Li Peter W
Seller's Agent
Laney Brandt
HomeSmart
Buyer's Agent
Wes Blackwell
My Home Group Real Estate
List Price
$225,000
Sold Price
$217,500
Premium/Discount to List
-$7,500
-3.33%
Current Estimated Value
$511,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,912
Avg. Annual Appreciation
13.07%
Original Mortgage
$163,125
Outstanding Balance
$142,255
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$369,157

Purchase Details

Closed on
Sep 23, 2010
Sold by
Atlas Properties Llc
Bought by
Mccormick Jeffrey W and Mccormick Julie

Purchase Details

Closed on
Jan 11, 2010
Sold by
Mccormick Jeff and Mccormick Julie
Bought by
Atlas Properties Llc

Purchase Details

Closed on
Sep 28, 2009
Sold by
Hsbc Bank Usa Na
Bought by
Mccormick Jeff and Mccormick Julie

Purchase Details

Closed on
Jul 30, 2009
Sold by
Alpista Israel Lozano
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Nov 10, 2006
Sold by
Koontz Kevin
Bought by
Alpista Israel Lozano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2004
Sold by
Koontz Kristen
Bought by
Koontz Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,920
Interest Rate
6.5%
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
Li Peter W -- Security Title Agency Inc
Li Peter $217,500 Security Title Agency Inc
Mccormick Jeffrey W -- None Available
Atlas Properties Llc -- None Available
Mccormick Jeff $65,000 Guaranty Title Agency
Hsbc Bank Usa Na $58,590 None Available
Alpista Israel Lozano $250,000 First American Title Ins Co
Koontz Kevin -- Security Title Agency Inc
Koontz Kevin $195,000 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Peter $163,125
Previous Owner Alpista Israel Lozano $200,000
Previous Owner Koontz Kevin $159,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2018 10/18/18 Sold $217,500 -3.3% $103 / Sq Ft
10/02/2018 10/02/18 Price Changed $225,000 0.0% $107 / Sq Ft
08/31/2018 08/31/18 Pending -- -- --
07/31/2018 07/31/18 For Sale $225,000 0.0% $107 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
07/10/2018 07/10/18 For Sale $225,000 -- $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 $1,111 $8,548 -- --
2024 $1,098 $8,141 -- --
2023 $1,098 $35,120 $7,020 $28,100
2022 $1,055 $25,930 $5,180 $20,750
2021 $1,081 $21,500 $4,300 $17,200
2020 $1,055 $20,700 $4,140 $16,560
2019 $1,047 $15,830 $3,160 $12,670
2018 $1,026 $14,280 $2,850 $11,430
2017 $986 $13,520 $2,700 $10,820
2016 $948 $11,450 $2,290 $9,160
2015 $882 $8,710 $1,740 $6,970
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Laney Brandt

    HomeSmart

  • S

    Seller Co-Listing Agent in 2018

    Sharon Berrett

    Compass

    (602) 330-5055

    143 Total Sales

    Sharon Berrett
    Section Image

  • W

    Buyer's Agent in 2018

    Wes Blackwell

    My Home Group

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5791458

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-76-083A

Arizona Maricopa County Phoenix 85008 Central City

1062 N 27th St, Phoenix, AZ

This home is located at 1062 N 27th St, Phoenix, AZ 85008 since 10 July 2018 and is currently estimated at $511,412, approximately $243 per square foot. This property was built in 2004. 1062 N 27th St is a home located in Maricopa County with nearby schools including Excelencia 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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