$1,600,000
SOLD DEC 19, 2025

1152 E Monroe St Unit 15 Phoenix, AZ 85034

Garfield Neighborhood
0.54 Acres
$2,962,963 Price per Acre
23,522 Sq Ft Lot

Recently Sold

24% Below List Price

308 Days on Market

Highlights

  • The property is located in a historic district
  • 3-minute walk to 12Th St/Washington
  • No HOA
  • Phoenix Coding Academy Rated A
  • 0.54 Acre Lot
  • Level Lot

About This Lot

As of December 2025

Exceptional redevelopment opportunity in Downtown Phoenix, AZ. +/-23,500 SFT property, Zoned R-5, potential for higher density development under Walkable Urban Code and in an Opportunity Zone with potential for tax incentives. - Buyer and their experts to verify. The site is primed for transformation into multi-family housing, a modern light office space, or mixed-use development. Positioned near two key light rail stops at 12th Street and Washington, and 12th Street and Jefferson and convenient access to the I-10 and SR 51 freeways, the property ensures unparalleled accessibility. Located just 3/4 mile from the vibrant Stadium/Arena district, offering an abundance of dining, entertainment, and services.

Last Agent to Sell the Property

Brian Dellis

Realty ONE Group License #SA679853000 Listed on: 01/13/2025

Realty ONE Group

Co-Listed By

David White

Realty ONE Group License #BR007486000

Last Buyer's Agent

Hani Aldulaimi

Keller Williams Realty East Valley License #BR533683000

Keller Williams Realty East Valley

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,075

Lot Details

  • 0.54 Acre Lot
  • Chain Link Fence
  • Level Lot
  • Additional Parcels
  • Property is zoned R5

Location

  • The property is located in a historic district

Schools

  • Lowell Elementary School

Community Details

  • No Home Owners Association
  • Porter Baxter Subdivision Of Tract B Murphys Addit

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 116-43-016

Property Details

Property Type

Land

Est. Annual Taxes

$7,075

Lot Details

0.54 Acres

Listing Details

  • Cross Street: 12th St and Monroe
  • Legal Info Range: 3E
  • Property Type: Land
  • Development Status: Raw Land, Off Site Imp Complte, On Site Imp Cmplete
  • Topography: Level
  • Zoning: R5
  • Tax Year: 2024
  • Horses: No
  • Lot Size Acres: 0.54
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reog08
  • Co List Office Phone: 602-953-4000
  • Subdivision Name: PORTER BAXTER SUBDIVISION OF TRACT B MURPHYS ADDIT
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family, Office

Exterior Features

  • Fencing: Chain Link
  • Lot Features: Historic District
  • Disclosures: Other (See Rmks), ALTA Survey Alba
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Lowell Elementary School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Lowell Elementary School

Lot Info

  • Lot Size: 235' X 104'
  • Lot Size Sq Ft: 23547.0
  • Additional Parcels: Yes
  • Parcel #: 116-43-016

Tax Info

  • Tax Annual Amount: 7075.08
  • Tax Book Number: 116.00
  • Tax Lot: 15
  • Tax Map Number: 43.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2025
Closed on
Dec 17, 2025
Sold by
1152 E Monroe Llc
Bought by
Verve Llc
Seller's Agent
Brian Dellis
Realty ONE Group
Buyer's Agent
Hani Aldulaimi
Keller Williams Realty East Valley
List Price
$2,100,000
Sold Price
$1,600,000
Premium/Discount to List
-$500,000
-23.81%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$598,861
Interest Rate
6.26%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 20, 2024
Sold by
Open Door Church Soldiers Of Jesus Chris
Bought by
1152 E Monroe Llc
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $1,600,000 Pioneer Title Agency
Special Warranty Deed $1,025,000 Pioneer Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2025 12/19/25 Sold $1,600,000 -17.9% --
11/17/2025 11/17/25 Pending -- -- --
09/02/2025 09/02/25 Price Changed $1,950,000 -7.1% --
01/13/2025 01/13/25 For Sale $2,100,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $4,238 $29,837 -- --
2024 $3,951 $28,416 -- --
2023 $3,951 $41,460 $22,560 $18,900
2022 $0 $39,120 $21,735 $17,385
2021 $0 $38,700 $21,735 $16,965
2020 $0 $37,725 $20,670 $17,055
2019 $0 $35,595 $19,320 $16,275
2018 $0 $25,935 $9,930 $16,005
2017 $0 $21,960 $10,335 $11,625
2016 $0 $20,370 $9,390 $10,980
2015 -- $19,696 $9,728 $9,968
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6804118

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-43-016

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