1118 N 11th St Phoenix, AZ 85006
Garfield NeighborhoodEstimated Value: $413,000 - $797,000
--
Bed
2
Baths
1,005
Sq Ft
$575/Sq Ft
Est. Value
Highlights
- Central Air
- Ceiling Fan
- Heat Pump System
- Phoenix Coding Academy Rated A
About This Home
As of February 20163 buildings fully leased on 1 year leases in the Garfield Historic District of Downtown Phoenix. These urban infill units are nestled in a great location with easy transportation to Downtown Phoenix. Each tenant pays all utilities. Landlord has sole responsibility of landscaping. Each building has separate water and electricity to provide an easy transition to condominiums if desired. Selling at a 6.3 CAP or $200,000 a building.
Last Agent to Sell the Property
Somma Realty, Inc License #BR635675000 Listed on: 11/04/2015
Last Buyer's Agent
William Erwin
HomeSmart License #BR013215000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,610
Year Built
- Built in 2014
Lot Details
- 10,019
Home Design
- Wood Frame Construction
- Concrete Roof
- Stucco
Interior Spaces
- Ceiling Fan
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Schools
- Cartwright Elementary School
- Phoenix Prep Academy Middle School
- North High School
Utilities
- Central Air
- Heat Pump System
Listing and Financial Details
- Tenant pays for water, sewer, cable TV
- The owner pays for landscaping
- Tax Lot 5
- Assessor Parcel Number 116-28-015
Community Details
Overview
- 3 Buildings
- 3 Units
- Building Dimensions are 50x200
- Albright Sub Subdivision
Building Details
- Operating Expense $3,220
- Gross Income $37,990
- Net Operating Income $37,990
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2015
Closed on
Feb 22, 2016
Sold by
Garfield Realty Llc
Bought by
Radius Realty Llc
Seller's Agent
Giovanna Sommacampagna
Somma Realty, Inc
Buyer's Agent
William Erwin
HomeSmart
List Price
$600,000
Sold Price
$475,000
Premium/Discount to List
-$125,000
-20.83%
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
$102,633
Avg. Annual Appreciation
2.12%
Purchase Details
Closed on
Aug 28, 2014
Sold by
Cima Holdings Llc
Bought by
Garfield Realty Llc
Purchase Details
Listed on
Nov 5, 2012
Closed on
Mar 8, 2013
Sold by
M G T Inc
Bought by
Cima Holdings Llc
Seller's Agent
Scott Brown
Realty ONE Group Mountain Desert
Buyer's Agent
Giovanna Sommacampagna
Somma Realty, Inc
List Price
$28,000
Sold Price
$28,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.70%
Purchase Details
Listed on
Nov 5, 2012
Closed on
Jan 11, 2013
Sold by
Ivanzian David G and Ivazian David
Bought by
Mgt Inc
Seller's Agent
Scott Brown
Realty ONE Group Mountain Desert
Buyer's Agent
Giovanna Sommacampagna
Somma Realty, Inc
List Price
$28,000
Sold Price
$28,000
Purchase Details
Closed on
Feb 16, 2011
Sold by
Bayview Loan Servicing Llc
Bought by
Ivazian David
Purchase Details
Closed on
Jan 2, 2011
Sold by
Suarez Jose E
Bought by
Citimortgage Inc
Purchase Details
Closed on
Sep 28, 2007
Sold by
Suarez Jose E
Bought by
Suarez Jose E and Rivera Araceli
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 12, 2007
Sold by
Suarez Jose E and Rivera Araceli
Bought by
Suarez Jose E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 28, 2005
Sold by
Suarez Jose E
Bought by
Suarez Jose E and Rivera Araceli
Purchase Details
Closed on
Feb 23, 2005
Sold by
Rivera Araceli
Bought by
Suarez Jose E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 4, 2002
Sold by
Suarez Jose E
Bought by
Suarez Jose E and Rivera Araceli
Purchase Details
Closed on
Mar 2, 2000
Sold by
Duque Santiago Nava and Vallejo Edith Cristina
Bought by
Suarez Jose E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,622
Interest Rate
8.38%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 28, 1999
Sold by
Barrett Jerry
Bought by
Stevens Eric and Stevens Joy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,900
Interest Rate
6.77%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 17, 1995
Sold by
Duque Isidro E and Duque Noella Nava
Bought by
Duque Santiago Nava and Vallejo Edith Cristina
Similar Homes in Phoenix, AZ
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Radius Realty Llc | $475,000 | Dhi Title Agency | |
| Garfield Realty Llc | -- | Accommodation | |
| Cima Holdings Llc | -- | None Available | |
| Mgt Inc | $28,000 | Chicago Title Agency Inc | |
| Ivazian David | $15,900 | Dhi Title Agency | |
| Citimortgage Inc | $162,608 | None Available | |
| Suarez Jose E | -- | None Available | |
| Suarez Jose E | -- | Chicago Title Insurance Co | |
| Suarez Jose E | -- | -- | |
| Suarez Jose E | -- | Tsa Title Agency | |
| Suarez Jose E | -- | -- | |
| Suarez Jose E | $54,000 | Fidelity National Title | |
| Stevens Eric | $51,150 | Ati Title Agency | |
| Duque Santiago Nava | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cima Holdings Llc | $250,000 | |
| Previous Owner | Suarez Jose E | $141,000 | |
| Previous Owner | Suarez Jose E | $120,700 | |
| Previous Owner | Suarez Jose E | $67,000 | |
| Previous Owner | Suarez Jose E | $53,622 | |
| Previous Owner | Stevens Eric | $40,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/25/2016 02/25/16 | Sold | $475,000 | -20.8% | $473 / Sq Ft |
| 01/20/2016 01/20/16 | Pending | -- | -- | -- |
| 11/04/2015 11/04/15 | For Sale | $600,000 | +2042.9% | $597 / Sq Ft |
| 02/04/2013 02/04/13 | Sold | $28,000 | 0.0% | $28 / Sq Ft |
| 12/20/2012 12/20/12 | Pending | -- | -- | -- |
| 12/15/2012 12/15/12 | For Sale | $28,000 | 0.0% | $28 / Sq Ft |
| 12/02/2012 12/02/12 | Pending | -- | -- | -- |
| 11/07/2012 11/07/12 | For Sale | $28,000 | 0.0% | $28 / Sq Ft |
| 11/06/2012 11/06/12 | Pending | -- | -- | -- |
| 11/05/2012 11/05/12 | For Sale | $28,000 | -- | $28 / 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 | $1,949 | $14,573 | -- | -- |
| 2024 | $1,930 | $13,879 | -- | -- |
| 2023 | $1,930 | $50,220 | $10,040 | $40,180 |
| 2022 | $1,861 | $40,020 | $8,000 | $32,020 |
| 2021 | $1,847 | $39,200 | $7,840 | $31,360 |
| 2020 | $1,869 | $38,720 | $7,740 | $30,980 |
| 2019 | $1,866 | $38,310 | $7,660 | $30,650 |
| 2018 | $1,834 | $18,370 | $3,670 | $14,700 |
| 2017 | $1,791 | $13,180 | $2,630 | $10,550 |
| 2016 | $1,740 | $10,080 | $2,010 | $8,070 |
| 2015 | $1,610 | $11,470 | $2,290 | $9,180 |
Source: Public Records
Agents Affiliated with this Home
-
Giovanna Sommacampagna
G
Seller's Agent in 2016
Giovanna Sommacampagna
Somma Realty, Inc
(623) 551-1961
11 Total Sales
-
Christen Sommacampagna
C
Seller Co-Listing Agent in 2016
Christen Sommacampagna
Somma Realty, Inc
(602) 953-4000
12 Total Sales
-
W
Buyer's Agent in 2016
William Erwin
HomeSmart
-
Scott Brown
Seller's Agent in 2013
Scott Brown
Realty ONE Group Mountain Desert
(480) 577-5995
7 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5358149
APN: 116-28-015
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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