NOT LISTED FOR SALE

1109 W Hadley St Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $470,469 - $536,000

-- Bed
-- Bath
2,268 Sq Ft
$223/Sq Ft Est. Value

Last Sold October 30, 2015

Last sale price $150,000 $66 Per Sq Ft

Est. 238% increase in value since last sale

Current estimated payment $2,767/month

16 Days on Market

Highlights

  • Multiple cooling system units
  • Community Playground
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System
  • 5-minute walk to Ninos Mini Park

About This Home

As of October 2015

This Area In The City Of Phoenix Has Been Revitalized With Newer Properties All Around. This Newer Construction Duplex Was Built In 2006 With 2 X 6 Construction And Dual Pane Windows And Are Energy Efficient. Hard To Find 3 Bedroom, 2 Full Bath Units With All Tile Flooring. Refrigerator, Full Size Washer And Dryer Included In Each Unit. Both Units Are Tenant Occupied At $799 Per Month And Have Been Occupied By The Same Tenants For Years. Great Cash Flow Opportunity With A Cap Rate Of Over 10% On These Low Maintenance Units. Click On The Document Tab To See The Floor Plan.

Last Agent to Sell the Property

Hector Olivera

Realty ONE Group License #SA024597000 Listed on: 09/14/2015

Realty ONE Group

Co-Listed By

Steve Kall

Realty ONE Group License #SA023716000

Last Buyer's Agent

Rasheia Collins

Venture REI, LLC License #BR563558000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $910

Year Built

  • Built in 2006

Lot Details

  • 7,492

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Schools

  • Lowell Elementary School - Phoenix
  • Central High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, landscaping
  • Legal Lot and Block 5 / 22
  • Assessor Parcel Number 112-15-077

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7500
  • Irvine Add 17 18, 23 26 Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $3,625
  • Gross Income $19,176
  • Net Operating Income $16,481

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$910

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: 7th. Ave. and Buckeye
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 2006
  • Tax Year: 2015
  • Directions: West Of 7th. Ave. On Buckeye To 11th. Ave., North To Hadley, West To 1109.
  • Road Surface Type: Gravel, Dirt, Asphalt, Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: reog08
  • Co List Office Phone: 602-953-4000
  • Subdivision Name: IRVINE ADD 17-18, 23-26
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: 2 or More Units, Central A/C, Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Central, Heat Pump, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Play Area

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Water Sewer Expense: 2000.0

Schools

  • Elementary School: Lowell Elementary School - Phoenix
  • High School: Central High School
  • Middle Or Junior School: Lowell Elementary School - Phoenix

Lot Info

  • Lot Size: 7500
  • Additional Parcels: No
  • Parcel #: 112-15-077

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 19176.0
  • Insurance Expense: 715.0
  • Property Net Operating Income: 16481.0
  • Annual Operating Expense: 3625.0

Tax Info

  • Tax Annual Amount: 910.0
  • Tax Block: 22
  • Tax Book Number: 112.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2021
Sold by
Zar Capital Llc
Bought by
Radji Moufid
Current Estimated Value
$506,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2018
Sold by
Radji Moufid A
Bought by
Zar Capital Llc

Purchase Details

Listed on
Sep 14, 2015
Closed on
Oct 30, 2015
Sold by
Rla Development Llc
Bought by
Radji Moufid A
Seller's Agent
Hector Olivera
Realty ONE Group
Buyer's Agent
Rasheia Collins
Venture REI, LLC
List Price
$159,900
Sold Price
$150,000
Premium/Discount to List
-$9,900
-6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.07%
Original Mortgage
$112,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2005
Sold by
Akers Ron and Akers Lorraine
Bought by
Rla Developments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.37%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 9, 2005
Sold by
Frank Leonesio Partners
Bought by
Akers Ron and Akers Lorraine

Purchase Details

Closed on
Jan 14, 2005
Sold by
Otto Kruger Investments Llc
Bought by
Frank Leonesio Partners Lp

Purchase Details

Closed on
Nov 16, 2004
Sold by
Scott Harry and Scott Annabelle
Bought by
Otto Kruger Investments Llc
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
Radji Moufid -- New Title Company Name
Zar Capital Llc -- New Title Company Name
Zar Capital Llc -- None Available
Radji Moufid A $150,000 Stewart Title & Tr Phoenix I
Rla Developments Llc -- Great American Title Agency
Akers Ron $25,500 First Financial Title Agency
Frank Leonesio Partners Lp -- --
Otto Kruger Investments Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Radji Moufid $108,500
Previous Owner Radji Moufid A $112,500
Previous Owner Rla Developments Llc $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2015 10/30/15 Sold $150,000 -6.2% $66 / Sq Ft
09/30/2015 09/30/15 Pending -- -- --
09/14/2015 09/14/15 For Sale $159,900 -- $71 / 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 $1,101 $8,235 -- --
2024 $1,091 $7,843 -- --
2023 $1,091 $29,300 $5,860 $23,440
2022 $1,052 $21,830 $4,360 $17,470
2021 $1,044 $17,480 $3,490 $13,990
2020 $1,056 $14,750 $2,950 $11,800
2019 $1,054 $13,200 $2,640 $10,560
2018 $1,036 $11,180 $2,230 $8,950
2017 $1,012 $9,480 $1,890 $7,590
2016 $983 $7,920 $1,580 $6,340
2015 $910 $7,620 $1,520 $6,100
Source: Public Records

Agents Affiliated with this Home

  • Hector Olivera

    Seller's Agent in 2015

    Hector Olivera

    Realty One Group

    (602) 526-1728

    21 Total Sales

    Hector Olivera
    Section Image

  • S

    Seller Co-Listing Agent in 2015

    Steve Kall

    Realty One Group

  • R

    Buyer's Agent in 2015

    Rasheia Collins

    Venture REI, LLC

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5334134

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-15-077

Arizona Maricopa County Phoenix 85007 Central City

1109 W Hadley St, Phoenix, AZ

This home is located at 1109 W Hadley St, Phoenix, AZ 85007 since 14 September 2015 and is currently estimated at $506,617, approximately $223 per square foot. This property was built in 2006. 1109 W Hadley St is a home located in Maricopa County with nearby schools including Dunbar Elementary School, Magnet Traditional 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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