NOT LISTED FOR SALE

1117 W Roosevelt St Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $1,199,000

0.18 Acres
$6,661,111 Price per Acre
8,188 Sq Ft Lot

Sale Details

Date Sold: October 15, 2020

Last sale price $307,500

Est. 290% increase in value since last sale

Current estimated payment $7,153 / mo

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

8,188 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2020
Closed on
Oct 26, 2020
Sold by
Bought by
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
$1,199,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$891,500
Avg. Annual Appreciation
26.49%

Purchase Details

Closed on
May 31, 2017
Sold by
Bought by

Purchase Details

Closed on
Oct 28, 2014
Sold by
Bought by

Purchase Details

Closed on
May 6, 2014
Sold by
Bought by

Purchase Details

Closed on
May 4, 2014
Sold by
Bought by

Purchase Details

Closed on
Apr 8, 2014
Sold by
Bought by

Purchase Details

Closed on
Aug 21, 2013
Sold by
Bought by

Purchase Details

Closed on
Aug 9, 2013
Sold by
Bought by

Purchase Details

Closed on
Jun 6, 2008
Sold by
Bought by

Purchase Details

Closed on
Feb 21, 2004
Sold by
Bought by

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
0.0579%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2004
Sold by
Bought by

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
0.0579%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 2000
Sold by
Bought by

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
0.0741%
Mortgage Type
Purchase Money Mortgage
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$307,500 Thomas Title & Escrow Llc
-- None Available
-- None Available
-- Driggs Title Agency Inc
$30,000 Driggs Title Agency Inc
-- Accommodation
-- Accommodation
-- Accommodation
$22,500 Driggs Title Agency Inc
-- None Available
$30,000 Century Title Agency Inc
-- Century Title Agency Inc
$10,000 Security Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $20,000
Previous Owner $9,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • D

    Seller's Agent in 2020

    Dragan Daubenmier

    My Home Group

    Section Image
  • Mitchell Drake

    Buyer's Agent in 2020

    Mitchell Drake

    ABI Multifamily

    (602) 714-1400

    7 in this area

    30 Total Sales

    Mitchell Drake
    Section Image
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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

Arizona Maricopa County Phoenix 85007 Central City

1117 W Roosevelt St, Phoenix, AZ

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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