Seller's Agent in 2020
Mario Romero
The Melcher Agency
(602) 920-0306
5 in this area
74 Total Sales
Orpheum Lofts 114 W Adams St Unit 1009 Phoenix, AZ 85003
Downtown Phoenix NeighborhoodEstimated Value: $435,619 - $476,000
2
Beds
2
Baths
1,098
Sq Ft
$709/mo
HOA Fee
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 December 2020In the heart of downtown Phoenix, the Iconic Orpheum Lofts (originally the Title and Trust Building) is an 11-story high-rise building designed in Art Deco style by local architects Lescher & Mahoney. It was the largest office building in Arizona at the time of its construction in 1930. The grand opening took place on January 31, 1931. A neon sign located on the north side that advertised the 'Phoenix Titles & Trust Co' was a prominent feature for many years. The site was originally occupied by the 2-story O'Neill Building which was constructed around 1900 and housed early Phoenix lawyers O'Neill and McKean, and later the Arizona Industrial Congress. The building was razed in 1929 to make way for construction of the Title and Trust Building which was expected to cost $650,000. Transamerica Title Insurance Co. acquired the building in 1959 when it bought controlling interest in the Phoenix Title & Trust Co. The building was sold during March 1969, by Transamerica to T & T Building Associates for $2,000,000. The building was listed on the National Register of Historic Places on September 4, 1985, as part of the Phoenix Commercial MRA (multiple resource area). The opening sequence of the 1960 Alfred Hitchcock film Psycho, was filmed from the roof of this building. This is a rare chance to live in an exclusive downtown building. Downtown living at its finest, great city views, heated pool & spa, a clubhouse, BBQ common area, workout facility, close to new shopping, restaurants, performing theatres, museums, light rail and sports venues. This 10th floor loft features a spacious open floor plan. Great city and mountain views, grey tiled floors, custom European cabinets, quartz countertops, stainless steel appliances - Bosch stove, Bosch microwave and Bosch dishwasher, Viking Designer Series refrigerator. Exposed brick and 12.5 foot high exposed ductwork concrete ceilings. The bricks used in the facade were specially made in California and are progressively lighter in color from bottom to top. Easy living at its finest! Must see to appreciate all the finest details! No expense was spared in this remodel! Parking is included. Walking distance to dining, shopping and cultural events. Walking score 91, Bike score 87, Transportation 100
Last Agent to Sell the Property
The Melcher Agency License #BR022807000 Listed on: 09/04/2020
Last Buyer's Agent
Chris F Campbell
Chris F Campbell License #BR533398000
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,420
Year Built
- Built in 1930
Lot Details
- 1,307
HOA Fees
- $709 Monthly HOA Fees
Parking
- 1 Car Garage
Home Design
- Contemporary Architecture
- Brick Exterior Construction
- Built-Up Roof
Interior Spaces
- 1,098 Sq Ft Home
- Ceiling height of 9 feet or more
- Ceiling Fan
- Mountain Views
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Electric Cooktop
- Built-In Microwave
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Remodeled Bathroom
- 2 Bathrooms
Accessible Home Design
- No Interior Steps
Location
- Property is near public transit
- Property is near a bus stop
- The property is located in a historic district
Schools
- Kenilworth Elementary School
- Central High School
Utilities
- Central Air
- Heating Available
- Water Purifier
- Water Softener
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Lot 1009
- Assessor Parcel Number 112-21-371
Community Details
Overview
- Association fees include roof repair, insurance, ground maintenance, trash, roof replacement, maintenance exterior
- City Property Association, Phone Number (602) 437-4777
- High-Rise Condominium
- Built by Lescher & Mahoney
- Orpheum Lofts Condominium 2Nd Amd Subdivision
- 11-Story Property
Amenities
- Theater or Screening Room
- Recreation Room
Recreation
- Heated Community Pool
- Community Spa
Security
- Gated with Attendant
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2020
Closed on
Dec 18, 2020
Sold by
Rupal Prabhakar and Rupal Nira
Bought by
Vanriper Mardi Marie
Seller's Agent
Mario Romero
The Melcher Agency
Buyer's Agent
Chris F Campbell
Chris F Campbell
List Price
$359,888
Sold Price
$369,000
Premium/Discount to List
$9,112
2.53%
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
$83,655
Avg. Annual Appreciation
4.31%
Original Mortgage
$295,200
Outstanding Balance
$262,816
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$189,839
Purchase Details
Closed on
Sep 14, 2013
Sold by
Nira Rupal Prabhakar and Nira Rupal
Bought by
Nira Rupal Prabhakar and Nira Rupal
Purchase Details
Listed on
Feb 4, 2013
Closed on
Feb 27, 2013
Sold by
Adams Street 1009 Llc
Bought by
Rupal Prabhaker and Rupal Nira
Seller's Agent
Muriel Ennis
HomeSmart
Buyer's Agent
Polly Mitchell
Polly Mitchell Global Realty
List Price
$206,000
Sold Price
$202,000
Premium/Discount to List
-$4,000
-1.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.59%
Original Mortgage
$151,500
Interest Rate
3.34%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 30, 2012
Sold by
Gauvin Jeffrey L and Gauvin Judith M
Bought by
Adams Street 1009 Llc
Purchase Details
Closed on
Sep 24, 2010
Sold by
Fannie Mae
Bought by
Gauvin Jeffrey L and Gauvin Judith M
Purchase Details
Closed on
Jul 19, 2010
Sold by
Pasquinelli John S M
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
May 18, 2005
Sold by
Tasb Llc
Bought by
Pasquinelli John S M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,900
Interest Rate
5.84%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vanriper Mardi Marie | $369,000 | Old Republic Title Agency | |
| Nira Rupal Prabhakar | -- | None Available | |
| Rupal Prabhaker | $202,000 | First Arizona Title Agency | |
| Adams Street 1009 Llc | -- | None Available | |
| Gauvin Jeffrey L | $145,000 | Lawyers Title Of Arizona Inc | |
| Federal National Mortgage Association | $269,509 | Accommodation | |
| Pasquinelli John S M | $477,816 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vanriper Mardi Marie | $295,200 | |
| Previous Owner | Rupal Prabhaker | $151,500 | |
| Previous Owner | Pasquinelli John S M | $274,900 | |
| Closed | Pasquinelli John S M | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/21/2020 12/21/20 | Sold | $369,000 | -0.2% | $336 / Sq Ft | |
| 10/26/2020 10/26/20 | Price Changed | $369,800 | +2.8% | $337 / Sq Ft | |
| 09/04/2020 09/04/20 | For Sale | $359,888 | +78.2% | $328 / Sq Ft | |
| 03/04/2013 03/04/13 | Sold | $202,000 | -1.9% | $184 / Sq Ft | View Prior Sale |
| 02/07/2013 02/07/13 | Pending | -- | -- | -- | |
| 02/04/2013 02/04/13 | For Sale | $206,000 | -- | $188 / 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 | $1,496 | $9,454 | -- | -- |
| 2024 | $1,485 | $9,004 | -- | -- |
| 2023 | $1,485 | $13,500 | $2,700 | $10,800 |
| 2022 | $1,425 | $12,380 | $2,475 | $9,905 |
| 2021 | $1,389 | $12,085 | $2,415 | $9,670 |
| 2020 | $1,430 | $12,175 | $2,435 | $9,740 |
| 2019 | $1,420 | $12,090 | $2,415 | $9,675 |
| 2018 | $1,402 | $13,390 | $2,675 | $10,715 |
| 2017 | $1,366 | $11,675 | $2,335 | $9,340 |
| 2016 | $1,325 | $9,635 | $1,925 | $7,710 |
| 2015 | $2,007 | $17,780 | $3,550 | $14,230 |
Source: Public Records
Agents Affiliated with this Home
-
Mario Romero
-
C
Buyer's Agent in 2020
Chris F Campbell
Chris F Campbell
-
Muriel Ennis
Seller's Agent in 2013
Muriel Ennis
HomeSmart
(602) 625-9363
-
Polly Mitchell
Buyer's Agent in 2013
Polly Mitchell
Polly Mitchell Global Realty
(480) 229-8483
2 in this area
45 Total Sales
About Orpheum Lofts
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6127950
APN: 112-21-371
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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