NOT LISTED FOR SALE

Orpheum Lofts 114 W Adams St Unit 702 Phoenix, AZ 85003

Downtown Phoenix Neighborhood

Estimated Value: $290,000 - $315,000

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

Last Sold July 20, 2020

Last sale price $198,000 $237 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,193/month

47 Days on Market

Highlights

  • Concierge
  • 3-minute walk to Washington/Central Ave
  • Heated Indoor Pool
  • Magnet Traditional School Rated 9+
  • Fitness Center
  • 3-minute walk to McDowell Mountain Regional Park

About This Home

As of July 2020

MOVE FAST AS THIS LOFT WONT BE AROUND FOR LONG AT THIS PRICE!!!! LOCATION AND SECURITY ARE OUTSTANDING! LOCATED IN THE HEART OF DOWNTOWN PHOENIX, THIS HISTORIC ART DECO MID RISE UNIT IS ON THE 7TH FLOOR WITH A GREAT VIEW OF THE CITYSCAPE. OPEN FLOOR PLAN, 1 B/ 1 BATH WITH RED BRICK WALLS ,EXPOSED CONCRETE CEILING JOISTS, GRANITE COUNTERS, HARDWOOD, TRAVERTINE AND MARBLE FLOORS. STAINLESS A/C DUCTS,CHERRY CABINETRY AND BEAUTIFUL TILE WORK IN THE BATH . FITNESS CENTER, POOL AND SPA, STEAM AND SAUNA, BUSINESS CENTER, GAME ROOM AND SEPARATE STORGE INTERNET INCLUDED IN THE HOA. DO NOT MISS OUT ON THIS TERRIFIC LOFT IN A POPULAR, CONVENIENT AND UPBEAT LOCATION. VACANT AND EASY TO SHOW. Owner Agent

Last Agent to Sell the Property

Donald Peper

Clear Commercial Advisors License #BR576390000 Listed on: 05/01/2020

Last Buyer's Agent

James Moore

Endeavor Real Estate License #BR566156000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,003

Year Built

  • Built in 2005

Lot Details

  • 871

HOA Fees

  • $516 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Built-Up Roof

Interior Spaces

  • 837 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Electric Cooktop
  • Built-In Microwave
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary Bathroom is a Full Bathroom
  • 1 Bathroom

Pool

  • Heated Indoor Pool
  • Heated Spa

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Kenilworth Elementary School
  • Central High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 702
  • Assessor Parcel Number 112-21-334

Community Details

Overview

  • Association fees include sewer, trash, maintenance exterior
  • Orpheum Lofts Condo Association, Phone Number (602) 437-4777
  • High-Rise Condominium
  • Built by Weitz Construction
  • Orpheum Lofts Condominium 2Nd Amd Subdivision
  • 9-Story Property

Amenities

  • Concierge
  • Theater or Screening Room
  • Recreation Room

Recreation

  • Heated Community Pool
  • Community Spa

Security

  • Gated with Attendant

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,003

Year Built

Built in 2005

Lot Details

0

HOA Fees

$516 per month

Listing Details

  • Cross Street: 1st Ave and Adams
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: 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: 2019
  • Directions: NW Corner of 1st Ave and Adams. Parking spaces and Entrance on Adams and surrounding areas.
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: ORPHEUM LOFTS CONDOMINIUM 2ND AMD
  • Architectural Style: Other
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 515.59
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Construction Brick: Yes
  • Building Style:High Rise: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Spa Features: Heated
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Pantry, Full Bth Master Bdrm
  • Living Area: 837.0
  • Stories: 9
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: 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:Community Media Room: Yes
  • Community Features:On-Site Guard: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Concierge: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: None
  • Pool Features: Heated, Indoor
  • Disclosures: None
  • Construction Type: Brick Veneer, Brick
  • Roof: Built-Up

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Security: Security Guard
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • 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, Community Media Room, Guarded Entry, Concierge, Fitness Center
  • Association Fee: 515.59
  • Association Fee Frequency: Monthly
  • Association Name: Orpheum Lofts Condo
  • Phone: 602-437-4777
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 500.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Orpheum Lofts Condo
  • Association Fees:HOA Telephone4: 602-437-4777
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Sewer, Trash, 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: Kenilworth Elementary School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 842.0
  • Parcel #: 112-21-334

Building Info

  • Builder Name: Weitz Construction

Tax Info

  • Tax Annual Amount: 1003.0
  • Tax Book Number: 112.00
  • Tax Lot: 702
  • Tax Map Number: 21.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2020
Closed on
Jul 17, 2020
Sold by
Peper Donald
Bought by
Morales Gabriel
Seller's Agent
Donald Peper
Clear Commercial Advisors
Buyer's Agent
James Moore
Endeavor Real Estate
List Price
$214,000
Sold Price
$198,000
Premium/Discount to List
-$16,000
-7.48%
Current Estimated Value
$301,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,895
Avg. Annual Appreciation
8.33%
Original Mortgage
$158,400
Outstanding Balance
$140,719
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$161,176

Purchase Details

Listed on
Dec 15, 2017
Closed on
Nov 13, 2018
Sold by
Ss Investments Llc
Bought by
Peper Donald
Seller's Agent
Patricia Bennett
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Patricia Bennett
Berkshire Hathaway HomeServices Arizona Properties
List Price
$212,000
Sold Price
$160,000
Premium/Discount to List
-$52,000
-24.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.61%

Purchase Details

Closed on
May 4, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Ss Investment Llc

Purchase Details

Closed on
Mar 2, 2010
Sold by
Anderson Erik K
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jul 20, 2009
Sold by
Anderson Erik
Bought by
The West Adams Trust and Wells Rick

Purchase Details

Closed on
Feb 23, 2005
Sold by
Tasb Llc
Bought by
Anderson Erik K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,953
Interest Rate
5.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Morales Gabriel $138,000 Security Title Agency Inc
Peper Donald $160,000 First American Title Insuran
Ss Investment Llc $99,000 Great American Title Agency
Federal Home Loan Mortgage Corp $108,000 Great American Title Agency
The West Adams Trust -- None Available
Anderson Erik K $184,942 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Gabriel $158,400
Previous Owner Anderson Erik K $147,953
Closed Anderson Erik K $27,741
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/20/2020 07/20/20 Sold $198,000 -1.0% $237 / Sq Ft
06/17/2020 06/17/20 Pending -- -- --
06/10/2020 06/10/20 Price Changed $199,999 -2.0% $239 / Sq Ft
05/14/2020 05/14/20 Price Changed $204,000 -1.9% $244 / Sq Ft
05/01/2020 05/01/20 Price Changed $208,000 -2.8% $249 / Sq Ft
05/01/2020 05/01/20 For Sale $214,000 +33.8% $256 / Sq Ft
11/19/2018 11/19/18 Sold $160,000 -8.6% $191 / Sq Ft View Prior Sale
11/08/2018 11/08/18 Price Changed $175,000 -1.6% $209 / Sq Ft
10/23/2018 10/23/18 Price Changed $177,900 -9.0% $213 / Sq Ft
10/20/2018 10/20/18 Price Changed $195,500 -0.2% $234 / Sq Ft
10/05/2018 10/05/18 Price Changed $195,900 -1.8% $234 / Sq Ft
09/13/2018 09/13/18 Price Changed $199,500 -3.4% $238 / Sq Ft
08/01/2018 08/01/18 Price Changed $206,500 -1.4% $247 / Sq Ft
06/22/2018 06/22/18 Price Changed $209,500 -1.2% $250 / Sq Ft
06/11/2018 06/11/18 For Sale $212,000 0.0% $253 / Sq Ft
06/11/2018 06/11/18 Price Changed $212,000 +32.5% $253 / Sq Ft
03/20/2018 03/20/18 Off Market $160,000 -- --
02/01/2018 02/01/18 Rented $1,295 0.0% --
01/11/2018 01/11/18 Under Contract -- -- --
12/15/2017 12/15/17 For Rent $1,295 0.0% --
12/15/2017 12/15/17 For Sale $229,500 0.0% $274 / Sq Ft
08/01/2013 08/01/13 Rented $950 0.0% --
07/07/2013 07/07/13 Under Contract -- -- --
07/02/2013 07/02/13 For Rent $950 -- --
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 $1,111 $6,585 -- --
2024 $1,050 $6,271 -- --
2023 $1,050 $10,175 $2,035 $8,140
2022 $1,007 $9,230 $1,845 $7,385
2021 $980 $8,955 $1,790 $7,165
2020 $1,010 $8,950 $1,790 $7,160
2019 $1,003 $8,840 $1,765 $7,075
2018 $990 $9,090 $1,815 $7,275
2017 $964 $8,055 $1,610 $6,445
2016 $936 $6,610 $1,320 $5,290
2015 $865 $6,225 $1,245 $4,980
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Donald Peper

    Clear Commercial Advisors

    (602) 428-0000

    2 in this area

    6 Total Sales

    Donald Peper
    Section Image
  • James Moore

    Buyer's Agent in 2020

    James Moore

    Endeavor Real Estate

    (480) 818-6068

    26 Total Sales

    James Moore
    Section Image

  • P

    Seller's Agent in 2018

    Patricia Bennett

    Berkshire Hathaway HomeServices Arizona Properties

    1 in this area

    19 Total Sales

    Patricia Bennett
    Section Image
  • Michelle Casuccio

    Buyer's Agent in 2018

    Michelle Casuccio

    HomeSmart

    (480) 266-8366

    19 Total Sales

    Michelle Casuccio
    Section Image

  • T

    Buyer's Agent in 2013

    Thomas Kuhn

    Brokers Hub Realty, LLC

    (602) 684-0476

    17 Total Sales

    Thomas Kuhn
    Section Image
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About Orpheum Lofts

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6072930

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-21-334

Arizona Maricopa County Phoenix 85003 Downtown Phoenix

114 W Adams St Unit 702, 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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