NOT LISTED FOR SALE

Estimated Value: $374,366 - $617,000

-- Bed
-- Bath
1,516 Sq Ft
$314/Sq Ft Est. Value

Last Sold February 26, 2015

Last sale price $174,500 $115 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $2,567/month

4 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of February 2015

Drive by Only, no sign on property. Do not disturb Tenants. DOWNTOWN CASH COW! Never vacant, recently updated Duplex in vibrant and growing part of downtown. 8 CAP with all major rehab complete. Don't let this one pass by.

You must see this beautiful historic duplex right in the heart of Phoenix. Walk into huge 12 foot ceilings, large kitchen, & beautiful hardwood flooring. This property is in the middle of everything. Short walk to Roosevelt Row, Downtown, Lightrail, Convention Center, Shopping, D-Backs, Suns, & ASU!

Long term lease in main unit and long term tenant in small unit. Separate electrical meters, private parking, private yards, security fencing, updated flooring, appliances, kitchen, roof, elec, & plumbing.

Agent is Principal. Inspection w Approved Contract

Last Agent to Sell the Property

Michael Fitzpatrick

Branka Realty, LLC License #SA650823000 Listed on: 12/18/2014

Last Buyer's Agent

Denise Ovalle

Buyer One License #BR007757000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $759

Year Built

  • Built in 1900

Lot Details

  • 6,882

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Assigned Parking

Schools

  • Garfield Elementary School
  • North High School

Utilities

  • Evaporated cooling system
  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 30
  • Assessor Parcel Number 116-27-087

Community Details

Overview

  • 2 Units
  • Building Dimensions are 50' x 137.5'
  • Hoopers Subdivision

Building Details

  • Gross Income $17,613
  • Net Operating Income $14,112

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$759

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Cross Street: 7th St. & Roosevelt St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1900
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Subdivision Name: Hoopers
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Brick, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: 2 or More Units, Central A/C, Heat Pump, Electric, Evaporative Cooling, Ceiling Fan(s)
  • Heating: Individual, Central, Heat Pump, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Fuel Expense: 389.0
  • Annual Water Sewer Expense: 993.0

Schools

  • Elementary School: Garfield School
  • High School: North High School

Lot Info

  • Lot Size: 50' x 137.5'
  • Additional Parcels: No
  • Parcel #: 116-27-087

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 17613.0
  • Insurance Expense: 640.0
  • Maintenance Expense: 927.0
  • Property Net Operating Income: 14112.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 759.0
  • Tax Book Number: 116.00
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2022
Sold by
Nicole Pitre
Bought by
Sawa Revocable Trust
Current Estimated Value
$475,592

Purchase Details

Closed on
Feb 10, 2021
Sold by
Pitre Nicole
Bought by
Pitre Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,000
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 18, 2014
Closed on
Feb 23, 2015
Sold by
M&K Fitz Prop-1 Llc
Bought by
Pitre Nicole
Seller's Agent
Michael Fitzpatrick
Branka Realty, LLC
Buyer's Agent
Denise Ovalle
Buyer One
List Price
$174,500
Sold Price
$174,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.67%
Original Mortgage
$165,513
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 18, 2014
Closed on
Feb 19, 2015
Sold by
Fitzpatrick Michael
Bought by
M & K Fitz Prop-1 Llc
Seller's Agent
Michael Fitzpatrick
Branka Realty, LLC
Buyer's Agent
Denise Ovalle
Buyer One
List Price
$174,500
Sold Price
$174,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,513
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 30, 2013
Sold by
Fitzpatrick Michael
Bought by
M&K Fitz Prop 1 Llc

Purchase Details

Listed on
May 21, 2012
Closed on
Jul 20, 2012
Sold by
Connors Kathryn
Bought by
Fitzpatrick Michael
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Scott Bartlowe
Better Homes & Gardens Real Estate SJ Fowler
List Price
$99,000
Sold Price
$99,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.39%
Original Mortgage
$74,250
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 21, 2012
Closed on
Jul 3, 2012
Sold by
Crow Nathan
Bought by
Fitzpatrick Michael
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Scott Bartlowe
Better Homes & Gardens Real Estate SJ Fowler
List Price
$99,000
Sold Price
$99,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,250
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2010
Sold by
Baker Gwen Partlow
Bought by
Crow Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2006
Sold by
Huizing Marcel
Bought by
Baker Gwen

Purchase Details

Closed on
Sep 26, 2005
Sold by
Olympic Investments Inc
Bought by
Huizing Marcel and Baker Gwen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2005
Sold by
Property Quest Dje Inc
Bought by
Olympic Investments Inc

Purchase Details

Closed on
Mar 17, 2005
Sold by
Marken Ventures Llc
Bought by
Property Quest Dje Inc

Purchase Details

Closed on
Aug 4, 2004
Sold by
Garcia Stacy and Garcia Cruz M
Bought by
Marken Ventures Llc

Purchase Details

Closed on
Apr 20, 2001
Sold by
Murillo Jose L and Murillo Margarita
Bought by
Garcia Stacy and Garcia Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,500
Interest Rate
6.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 1996
Sold by
Murillo Jose L
Bought by
Murillo Jose L and Murillo Margarita
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sawa Revocable Trust -- Tooher Emily Gale
Pitre Nicole -- Chicago Title Agency
Pitre Nicole $174,500 Chicago Title Agency Inc
M & K Fitz Prop-1 Llc -- Chicago Title Agency Inc
M&K Fitz Prop 1 Llc -- None Available
Fitzpatrick Michael -- Chicago Title Agency Inc
Fitzpatrick Michael $99,000 Chicago Title Agency Inc
Crow Nathan $50,000 Great American Title Agency
Baker Gwen -- None Available
Huizing Marcel $122,000 --
Olympic Investments Inc $70,000 Stewart Title & Trust Of Pho
Property Quest Dje Inc -- Stewart Title & Trust Of Pho
Marken Ventures Llc $65,000 Chicago Title Insurance Co
Garcia Stacy $86,000 Security Title Agency
Murillo Jose L -- United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pitre Nicole $241,000
Previous Owner Pitre Nicole $165,513
Previous Owner M & K Fitz Prop-1 Llc $9,000
Previous Owner Fitzpatrick Michael $74,250
Previous Owner Crow Nathan $37,500
Previous Owner Huizing Marcel $75,000
Previous Owner Garcia Stacy $64,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/26/2015 02/26/15 Sold $174,500 0.0% $115 / Sq Ft
12/22/2014 12/22/14 Pending -- -- --
12/18/2014 12/18/14 For Sale $174,500 +76.3% $115 / Sq Ft
07/31/2012 07/31/12 Sold $99,000 0.0% $65 / Sq Ft View Prior Sale
06/21/2012 06/21/12 Pending -- -- --
05/21/2012 05/21/12 For Sale $99,000 -- $65 / 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 $997 $7,017 -- --
2024 $929 $6,683 -- --
2023 $929 $30,130 $6,020 $24,110
2022 $896 $21,510 $4,300 $17,210
2021 $890 $18,830 $3,760 $15,070
2020 $900 $17,050 $3,410 $13,640
2019 $898 $12,080 $2,410 $9,670
2018 $883 $10,660 $2,130 $8,530
2017 $862 $10,370 $2,070 $8,300
2016 $838 $7,770 $1,550 $6,220
2015 $775 $6,430 $1,280 $5,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5212370

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-27-087