NOT LISTED FOR SALE

Estimated Value: $425,799

0.18 Acre
$2,365,550 Price per Acre
8,188 Sq Ft Lot

Last Sold October 15, 2020

Last sale price $307,500

Est. 38% increase in value since last sale

Current estimated payment $2,831/month

220 Days on Market

Highlights

  • City Lights View
  • Corner Lot
  • 4-minute walk to Hu-O-Te Mini Park
  • Phoenix Coding Academy Rated A
  • No HOA

About This Lot

As of October 2020

This beautiful 8,188sq' corner lot located in Downtown Phoenix on Roosevelt St. is ready for action! This property is zoned R-5 RI multifamily with the option of building up to 28 units over a total of 4 levels, and 48' tall, as well as light office space! As you'll see from the photos, this lot has a massive exposure to the North, and West as it fills up the entire South-East corner of Roosevelt and 12th Ave. The potential for this space is massive, and conveniently located close to dozens of restaurants, bars, music venues, first Friday art festival, community events, sporting events etc... the list goes on and on. Please feel free to drive by and get a personal feel for the place, thanks for viewing!

Last Agent to Sell the Property

Dragan Daubenmier

My Home Group Real Estate License #SA637026000 Listed on: 01/15/2020

My Home Group Real Estate

Last Buyer's Agent

Mitchell Drake

ABI Multifamily License #SA675761000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $644

Lot Details

  • 8,188 Sq Ft Lot
  • Corner Lot
  • Property is zoned R-5 RI

Schools

  • Kenilworth Elementary School
  • Augustus H Shaw Jr Montessori Middle School
  • Central High School

Additional Features

  • City Lights Views
  • North or South Exposure

Community Details

  • No Home Owners Association
  • University Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 111-27-069

Property Details

Property Type

Land

Est. Annual Taxes

$644

Lot Details

0

Listing Details

  • Cross Street: 7th Ave. and Roosevelt.
  • Legal Info Range: 3E
  • Property Type: Land
  • Development Status: Raw Land
  • Zoning: R-5 RI
  • Tax Year: 2019
  • Lot Size Acres: 0.18
  • Subdivision Name: UNIVERSITY ADDITION
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family

Exterior Features

  • Fencing: None
  • Lot Features: Corner Lot, City Light View(s), North/South Exp
  • Disclosures: None

Utilities

  • Electric: APS

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Middle Or Junior School: Augustus H Shaw Jr Montessori School

Lot Info

  • Lot Size: 96x92
  • Lot Size Sq Ft: 8188.0
  • Additional Parcels: No
  • Parcel #: 111-27-069
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 643.7
  • Tax Book Number: 111.00
  • Tax Lot: -
  • Tax Map Number: 27.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2020
Closed on
Oct 26, 2020
Sold by
Midrise On Roosevelt Llc
Bought by
Barber Tom and Santome Mirella
Seller's Agent
Dragan Daubenmier
My Home Group Real Estate
Buyer's Agent
Mitchell Drake
ABI Multifamily
List Price
$325,000
Sold Price
$307,500
Premium/Discount to List
-$17,500
-5.38%
Current Estimated Value
$425,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,299
Avg. Annual Appreciation
6.33%

Purchase Details

Closed on
May 31, 2017
Sold by
Midrise On Roosevelt Llc
Bought by
Midrise On Roosevelt Llc

Purchase Details

Closed on
Oct 28, 2014
Sold by
Vannorman Kevin
Bought by
Van Norman 1117 West Roosevelt Street Ll

Purchase Details

Closed on
May 6, 2014
Sold by
Vannorman Darla
Bought by
Vannorman Kevin

Purchase Details

Closed on
May 4, 2014
Sold by
T T Capital Llc
Bought by
Vannorman Kevin

Purchase Details

Closed on
Apr 8, 2014
Sold by
Tardino Anthony V
Bought by
T T Capital Llc

Purchase Details

Closed on
Aug 21, 2013
Sold by
Flood Jennifer
Bought by
Tardino Anthony V

Purchase Details

Closed on
Aug 9, 2013
Sold by
Gordon Richard L
Bought by
T T Capital Llc

Purchase Details

Closed on
Jun 6, 2008
Sold by
Patry Residential Llc
Bought by
Carrillo Juan

Purchase Details

Closed on
Feb 21, 2004
Sold by
Nickele S J
Bought by
Carrillo Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2004
Sold by
Carrillo Annie
Bought by
Carrillo Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 2000
Sold by
Burlingame James and Burlingame Alice
Bought by
Nickele S J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000
Interest Rate
7.41%
Mortgage Type
Seller Take Back
Source: Public Records
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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
Barber Tom $307,500 Thomas Title & Escrow
Midrise On Roosevelt Llc -- None Available
Van Norman 1117 West Roosevelt Street Ll -- None Available
Vannorman Kevin -- Driggs Title Agency Inc
Vannorman Kevin $30,000 Driggs Title Agency Inc
T T Capital Llc -- Accommodation
Tardino Anthony V -- Accommodation
Tardino Anthony V -- Accommodation
T T Capital Llc $22,500 Driggs Title Agency Inc
Carrillo Juan -- None Available
Carrillo Juan $30,000 Century Title Agency Inc
Carrillo Juan -- Century Title Agency Inc
Nickele S J $10,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carrillo Juan $20,000
Previous Owner Nickele S J $9,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2020 10/15/20 Sold $307,500 -5.4% --
03/31/2020 03/31/20 For Sale $325,000 0.0% --
03/31/2020 03/31/20 Price Changed $325,000 0.0% --
03/20/2020 03/20/20 For Sale $325,000 0.0% --
03/20/2020 03/20/20 Price Changed $325,000 0.0% --
01/14/2020 01/14/20 For Sale $325,000 -- --
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 $7,436 $5,028 $5,028 --
2024 $666 $4,788 $4,788 --
2023 $666 $34,140 $34,140 $0
2022 $642 $21,555 $21,555 $0
2021 $637 $20,385 $20,385 $0
2020 $645 $16,260 $16,260 $0
2019 $644 $6,150 $6,150 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6023773

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-27-069A