Seller's Agent in 2020
Dallin Hammond
ABI Multifamily
(602) 714-1400
4 in this area
35 Total Sales
1104 E Fairmount Ave Phoenix, AZ 85014
Central City NeighborhoodEstimated Value: $490,665 - $606,000
--
Bed
--
Bath
1,680
Sq Ft
$323/Sq Ft
Est. Value
Highlights
- Central Air
- Phoenix Coding Academy Rated A
- Heating Available
About This Home
As of February 20201104 East Fairmount Avenue consists of (2) 2-Bedroom / 1-Bathroom units in a mid-century, block-constructed, single-story building. Perfect to live in one unit and rent out the other. This value-add opportunity is one that is becoming increasingly rare to come by. The property has a new roof & w/d hookups for each unit.
1104 East Fairmount Avenue is walking distance to the highly touted Longview Elementary School, only a 10 minute drive to the heart of Downtown Phoenix, and access to the rest of the Metro Area is a breeze by being located only a mile from the nearest 51 Freeway on-ramp.
Situated on a 9,000 square foot lot an investor has the ability to develop a significantly sized single family home.
Last Agent to Sell the Property
ABI Multifamily License #SA677560000 Listed on: 12/16/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,278
Year Built
- Built in 1962
Lot Details
- 9,017
Home Design
- Composition Roof
- Block Exterior
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 118-03-010
Community Details
Overview
- 2 Units
- Building Dimensions are 90 Ft X 120 Ft
- Franks Place Subdivision
Building Details
- Operating Expense $6,268
- Gross Income $23,593
- Net Operating Income $18,567
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 16, 2019
Closed on
Feb 3, 2020
Sold by
Harris Steven and Harris Paula
Bought by
Harris Steven George and Harris Paula Ann
Seller's Agent
Dallin Hammond
ABI Multifamily
Buyer's Agent
Deana Aller
Coldwell Banker Realty
List Price
$340,000
Sold Price
$328,250
Premium/Discount to List
-$11,750
-3.46%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,916
Avg. Annual Appreciation
8.93%
Original Mortgage
$140,000
Outstanding Balance
$124,195
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$418,971
Purchase Details
Listed on
Dec 16, 2019
Closed on
Jan 28, 2020
Sold by
Rodriguez David and Rodriguez Elia B
Bought by
Harris Steven and Harris Paula
Seller's Agent
Dallin Hammond
ABI Multifamily
Buyer's Agent
Deana Aller
Coldwell Banker Realty
List Price
$340,000
Sold Price
$328,250
Premium/Discount to List
-$11,750
-3.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Outstanding Balance
$124,195
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$418,971
Purchase Details
Closed on
Sep 3, 2003
Sold by
Smith Randall and Smith Sonja G
Bought by
Rodriguez David and Rodriguez Elia B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,965
Interest Rate
6.3%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Harris Steven George | -- | Equity Title Agency Inc | |
| Harris Steven | $328,250 | Equity Title Agency Inc | |
| Rodriguez David | $138,900 | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Harris Steven | $140,000 | |
| Previous Owner | Rodriguez David | $136,965 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/04/2020 02/04/20 | Sold | $328,250 | -3.5% | $195 / Sq Ft |
| 01/20/2020 01/20/20 | For Sale | $340,000 | 0.0% | $202 / Sq Ft |
| 12/17/2019 12/17/19 | Pending | -- | -- | -- |
| 12/16/2019 12/16/19 | For Sale | $340,000 | -- | $202 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,451 | $11,177 | -- | -- |
| 2024 | $1,355 | $10,645 | -- | -- |
| 2023 | $1,355 | $37,500 | $7,500 | $30,000 |
| 2022 | $1,347 | $29,410 | $5,880 | $23,530 |
| 2021 | $1,370 | $25,670 | $5,130 | $20,540 |
| 2020 | $1,336 | $21,500 | $4,300 | $17,200 |
| 2019 | $1,278 | $18,860 | $3,770 | $15,090 |
| 2018 | $1,235 | $14,880 | $2,970 | $11,910 |
| 2017 | $1,134 | $13,570 | $2,710 | $10,860 |
| 2016 | $1,094 | $10,310 | $2,060 | $8,250 |
| 2015 | $1,017 | $9,330 | $1,860 | $7,470 |
Source: Public Records
Agents Affiliated with this Home
-
Dallin Hammond
-
Mitchell Drake
Seller Co-Listing Agent in 2020
Mitchell Drake
ABI Multifamily
(602) 714-1400
5 in this area
25 Total Sales
-
Deana Aller
Buyer's Agent in 2020
Deana Aller
Coldwell Banker Realty
(602) 295-3151
18 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6014884
APN: 118-03-010
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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