NOT LISTED FOR SALE

1108 S 3rd Ave Phoenix, AZ 85003

Central City Neighborhood

Estimated Value: $343,000 - $495,000

-- Bed
2 Baths
1,120 Sq Ft
$384/Sq Ft Est. Value

Last Sold June 15, 2015

Last sale price $125,000 $112 Per Sq Ft

Est. 260% increase in value since last sale

Current estimated payment $2,655/month

26 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 5-minute walk to Harmon Park
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of June 2015

Great opportunity to own a multi-dwelling subdivision with low upkeep costs. This four-plex is gated and has a desirable off-main-street location, making it unique and quiet. The roof was redone in 2012, most AC's are newer, and all four tenants are reliable and long term. There are several employment centers and opportunities nearby (including an Amazon warehouse) meaning plenty of jobs in the area for tenants.

Current monthly rental breakdown: 1 bedroom $350, 1 bedroom $350, 2 bedroom $400, 3 bedroom $500.

Don't miss out on this great investment!!!

Last Agent to Sell the Property

Amir Dorn

HomeSmart License #BR637991000 Listed on: 04/22/2015

HomeSmart

Last Buyer's Agent

Nicole Dees

Realty ONE Group License #SA647676000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $558

Year Built

  • Built in 1946

Lot Details

  • Additional Parcels

Home Design

  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • J B Sutton Elementary School
  • Carl Hayden High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 16
  • Assessor Parcel Number 109-58-098

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7375
  • Tierra Verde Subdivision

Building Details

  • Operating Expense $4,008
  • Gross Income $19,200
  • Net Operating Income $15,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$558

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: BUCKEYE & 33RD AVE
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2014
  • Directions: North on 33rd Ave the property is on the West (left) side.
  • Road Surface Type: Asphalt
  • Subdivision Name: TIERRA VERDE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 800.0

Schools

  • Elementary School: J B Sutton Elementary School
  • High School: Carl Hayden High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7375
  • Additional Parcels: Yes
  • Parcel #: 109-58-098

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, None
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 19200.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 450.0
  • Property Net Operating Income: 15750.0
  • Annual Operating Expense: 4008.0

Tax Info

  • Tax Annual Amount: 558.0
  • Tax Book Number: 109.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 1999
Sold by
Gomez Raymond S and Hermosillo Patricia L
Bought by
Hermosillo Richard G and Hermosillo Patricia L
Current Estimated Value
$450,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.54%
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
Hermosillo Richard G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hermosillo Richard G $126,000
Previous Owner Hermosillo Richard G $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2015 06/15/15 Sold $125,000 -3.1% $112 / Sq Ft
05/18/2015 05/18/15 Pending -- -- --
04/22/2015 04/22/15 For Sale $129,000 +74.3% $115 / Sq Ft
05/30/2012 05/30/12 Sold $74,000 -16.9% --
04/24/2012 04/24/12 Pending -- -- --
02/10/2012 02/10/12 For Sale $89,000 -- --
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 $2,297 $19,373 -- --
2024 $2,566 $17,225 -- --
2023 $2,566 $28,780 $5,750 $23,030
2022 $2,188 $24,610 $4,920 $19,690
2021 $974 $12,270 $2,450 $9,820
2020 $988 $10,860 $2,170 $8,690
2019 $988 $8,930 $1,780 $7,150
2018 $534 $7,930 $1,580 $6,350
2017 $515 $5,500 $1,100 $4,400
2016 $501 $5,200 $1,040 $4,160
2015 $456 $4,080 $810 $3,270
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Amir Dorn

    HomeSmart

    (480) 217-1118

    10 Total Sales

    Section Image

  • N

    Buyer's Agent in 2015

    Nicole Dees

    Realty One Group

    (602) 384-3293

    10 Total Sales

    Section Image
  • Octavio Ordonez

    Seller's Agent in 2012

    Octavio Ordonez

    Coldwell Banker Realty

    (602) 570-4524

    19 Total Sales

    Section Image

  • S

    Buyer's Agent in 2012

    Sherayn Allen

    Key Real Estate Services

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5269320

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-24-210A

Arizona Maricopa County Phoenix 85003 Central City

1108 S 3rd Ave, Phoenix, AZ

This home is located at 1108 S 3rd Ave, Phoenix, AZ 85003 since 22 April 2015 and is currently estimated at $430,395, approximately $384 per square foot. This property was built in 1946. 1108 S 3rd Ave is a home located in Maricopa County with nearby schools including Lowell School, Phoenix Coding Academy, and Central High School.

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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