NOT LISTED FOR SALE

Orpheum Lofts 114 W Adams St Unit 1002 Phoenix, AZ 85003

Downtown Phoenix Neighborhood

Estimated Value: $293,000 - $352,000

1 Bed
1 Bath
837 Sq Ft
$516/mo HOA Fee

Last Sold October 16, 2018

Last sale price $197,500 $236 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,262/month

11 Days on Market

Highlights

  • Fitness Center
  • 3-minute walk to Washington/Central Ave
  • The property is located in a historic district
  • Magnet Traditional School Rated 9+
  • Gated with Attendant
  • 3-minute walk to McDowell Mountain Regional Park

About This Home

As of October 2018

Downtown Living at its best at the Historic Oprheum Lofts, built in 1913 and renovated in 2006. This is the most beautiful historic residence in downtown Phoenix. This unique loft features extra high ceilings unique to the 10th floor, an open design with exposed brick walls, exposed duct ceilings, and upgraded wood and tile flooring throughout. Master bedroom with walk in closet plus full master bath with dual sinks. Building amenities include indoor pool & spa, sauna, fitness center, club/game room w/kitchen and community business center.

Last Agent to Sell the Property

Dennis Kolodin

Metro Realty License #BR535429000 Listed on: 09/29/2017

Last Buyer's Agent

Kathy Nolte

Century 21 Arizona Foothills License #SA547422000

Century 21 Arizona Foothills

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $998

Year Built

  • Built in 2005

Lot Details

  • 871

HOA Fees

  • $516 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Metal Construction or Metal Frame

Interior Spaces

  • 837 Sq Ft Home
  • Ceiling height of 9 feet or more
  • Double Pane Windows
  • City Lights Views

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom
  • Dual Vanity Sinks in Primary Bathroom

Home Security

Location

  • Property is near public transit
  • Property is near a bus stop
  • The property is located in a historic district

Schools

  • Kenilworth Elementary School
  • Paul Dunbar Lawrence Middle School
  • Central High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1002
  • Assessor Parcel Number 112-21-364

Community Details

Overview

  • Association fees include roof repair, insurance, ground maintenance, trash, roof replacement, maintenance exterior
  • Orpheum Lofts Association, Phone Number (602) 437-4777
  • High-Rise Condominium
  • Built by Weitz
  • Orpheum Lofts Condominium 2Nd Amd Subdivision
  • 11-Story Property

Amenities

  • Recreation Room

Recreation

  • Heated Community Pool
  • Community Spa

Security

  • Gated with Attendant
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$998

Year Built

Built in 2005

Lot Details

0

HOA Fees

$516 per month

Listing Details

  • Cross Street: Van Buren and 1st Ave.
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 515.59
  • Basement: N
  • Separate Den Office Sep Den Office: N
  • Year Built: 2005
  • Tax Year: 2016
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: ORPHEUM LOFTS CONDOMINIUM 2ND AMD
  • Architectural Style: Other (See Remarks)
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 515.59
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Construction Brick: Yes
  • Building Style:High Rise: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Breakfast Bar, 9+ Flat Ceilings, Fire Sprinklers, Pantry, 3/4 Bath Master Bdrm, Double Vanity, High Speed Internet, Granite Counters
  • Living Area: 837.0
  • Stories: 11
  • Window Features: Dual Pane
  • Fireplace:No Fireplace: Yes
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Guarded Entry: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Community Features:On-Site Guard: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Historic District: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Pool Features: None
  • Pool Private: No
  • View: City Lights
  • Disclosures: Agency Discl Req
  • Construction Type: Brick Veneer, Brick, Frame - Metal
  • Roof: Built-Up
  • Construction:Frame - Metal: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Security: Security Guard
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Spa Htd, Community Pool Htd, Near Light Rail Stop, Near Bus Stop, Historic District, Guarded Entry, Clubhouse, Fitness Center
  • Amenities: Management, Rental OK (See Rmks)
  • Association Fee: 515.59
  • Association Fee Frequency: Monthly
  • Association Name: Orpheum Lofts
  • Phone: 602-437-4777
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Orpheum Lofts
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 1031.18
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Maintenance Grounds, Trash, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Paul Dunbar Lawrence School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 843.0
  • Parcel #: 112-21-364
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Weitz

Tax Info

  • Tax Annual Amount: 998.0
  • Tax Book Number: 112.00
  • Tax Lot: 1002
  • Tax Map Number: 21.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2017
Closed on
Oct 3, 2018
Sold by
Roost Properties Llc
Bought by
Ryback Michael G
Seller's Agent
Dennis Kolodin
Metro Realty
Buyer's Agent
Kathy Nolte
Century 21 Arizona Foothills
List Price
$239,900
Sold Price
$197,500
Premium/Discount to List
-$42,400
-17.67%
Current Estimated Value
$314,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,240
Avg. Annual Appreciation
6.85%
Original Mortgage
$177,750
Outstanding Balance
$155,009
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$159,731

Purchase Details

Closed on
Jul 13, 2007
Sold by
Raleigh Steven M
Bought by
Roost Properties Llc

Purchase Details

Closed on
May 17, 2005
Sold by
Raleigh Helen E
Bought by
Raleigh Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,600
Interest Rate
5.84%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 4, 2005
Sold by
Tasb Llc
Bought by
Raleigh Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,600
Interest Rate
5.84%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Ryback Michael G $197,500 Magnus Title Agency Llc
Roost Properties Llc -- None Available
Raleigh Steven M -- Chicago Title Insurance Co
Raleigh Steven M $224,523 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryback Michael G $177,750
Previous Owner Raleigh Steven M $179,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2018 10/16/18 Sold $197,500 -1.2% $236 / Sq Ft
09/07/2018 09/07/18 Price Changed $199,900 -4.8% $239 / Sq Ft
08/21/2018 08/21/18 Price Changed $209,900 -2.3% $251 / Sq Ft
08/13/2018 08/13/18 Price Changed $214,900 -2.3% $257 / Sq Ft
03/14/2018 03/14/18 Price Changed $219,900 -2.3% $263 / Sq Ft
02/13/2018 02/13/18 Price Changed $225,000 -3.8% $269 / Sq Ft
01/23/2018 01/23/18 Price Changed $233,900 -1.3% $279 / Sq Ft
01/05/2018 01/05/18 Price Changed $236,900 -1.3% $283 / Sq Ft
11/09/2017 11/09/17 For Sale $239,900 0.0% $287 / Sq Ft
10/10/2017 10/10/17 Pending -- -- --
09/29/2017 09/29/17 For Sale $239,900 -- $287 / 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 $1,185 $7,102 -- --
2024 $1,118 $6,764 -- --
2023 $1,118 $10,175 $2,035 $8,140
2022 $1,074 $9,230 $1,845 $7,385
2021 $1,046 $8,955 $1,790 $7,165
2020 $1,076 $8,950 $1,790 $7,160
2019 $1,069 $8,840 $1,765 $7,075
2018 $1,056 $9,655 $1,930 $7,725
2017 $1,029 $8,490 $1,695 $6,795
2016 $998 $7,060 $1,410 $5,650
2015 $923 $6,675 $1,335 $5,340
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Dennis Kolodin

    Metro Realty

    Section Image
  • Kathy Nolte

    Buyer's Agent in 2018

    Kathy Nolte

    Century 21 Arizona Foothills

    (623) 523-4683

    34 Total Sales

    Kathy Nolte
    Section Image
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About Orpheum Lofts

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5666808

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-21-364

Arizona Maricopa County Phoenix 85003 Downtown Phoenix

114 W Adams St Unit 1002, 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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