NOT LISTED FOR SALE

Estimated Value: $469,000 - $810,000

-- Bed
2 Baths
1,332 Sq Ft
$511/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $645,000 $484 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,808/month

137 Days on Market

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of March 2021

Huge price improvement and ready to sell! A very rare opportunity in the Garfield Historic District to own not 1 but 2 homes! Zoned R-3 this multi-family property has two completely separate homes, All utilities except water are on separate bills. Second house is currently rented on a year lease for
$1,300 month. Depending on financing at full purchase price of $645,000 with 20% down, Your monthly mortgage with property taxes would be a little over $2,200 month less the $1,300 a month for the second house your mortgage would be about a $1,000 a month!! The historic main house was built in 1912 has 4 Bedrooms, 3 Bathrooms, a finished wine cellar basement and is 2,311 sqft. The second level master retreat features a loft, main room, Sitting area, 3 walk-in closets and bathroom.

Last Agent to Sell the Property

Ryan Buckley

Coldwell Banker Realty License #SA645787000 Listed on: 09/17/2020

Last Buyer's Agent

Nicole Polk

My Home Group Real Estate License #SA663760000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,115

Year Built

  • Built in 1912

Lot Details

  • 5,924

Home Design

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

Flooring

  • Wood Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Utilities

  • Multiple cooling system units
  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 24 / 48
  • Assessor Parcel Number 116-24-024

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 5,902
  • Garfield Historic District Subdivision

Building Details

  • Operating Expense $2,115

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,115

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Cross Street: 7th St & Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1912
  • Tax Year: 2020
  • Directions: Head E on Roosevelt, Right (south) on 12th to Pierce. Property is at the Southeast corner of 12th & Pierce. No sign on property.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: Garfield Historic District
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Painted, Stucco, Brick, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Central A/C, Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 5,902
  • Additional Parcels: No
  • Parcel #: 116-24-024

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 2115.0

Tax Info

  • Tax Annual Amount: 2115.0
  • Tax Block: 48
  • Tax Book Number: 116.00
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Feb 4, 2021
Sold by
Delara Lanse
Bought by
Armstrong Thomas and Armstrong Sue
Seller's Agent
Ryan Buckley
Coldwell Banker Realty
Buyer's Agent
Nicole Polk
My Home Group Real Estate
List Price
$695,000
Sold Price
$645,000
Premium/Discount to List
-$50,000
-7.19%
Current Estimated Value
$680,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,013
Avg. Annual Appreciation
1.20%
Original Mortgage
$548,250
Outstanding Balance
$492,583
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$187,430

Purchase Details

Closed on
Sep 16, 2016
Sold by
Delara Lanse
Bought by
Gettys Adam D

Purchase Details

Listed on
Nov 1, 2015
Closed on
Dec 15, 2015
Sold by
Serratos Services Llc
Bought by
Delara Lanse
Seller's Agent
Daniel Barraza
My Home Group Real Estate
Buyer's Agent
Van Robinson
Coldwell Banker Realty
List Price
$209,900
Sold Price
$215,000
Premium/Discount to List
$5,100
2.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.67%
Original Mortgage
$193,500
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 20, 2014
Closed on
Apr 15, 2014
Sold by
Sanchez Maria C
Bought by
Serrato S Services Llc
Seller's Agent
Daniel Barraza
My Home Group Real Estate
Buyer's Agent
Liliana Sanchez Perez
eXp Realty
List Price
$150,000
Sold Price
$133,500
Premium/Discount to List
-$16,500
-11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.96%
Original Mortgage
$105,000
Interest Rate
4.31%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 7, 2006
Sold by
Chavez Jose S
Bought by
Valencia Maria C Sanchez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.3%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 2, 1997
Sold by
Neighborhood Housing Services Of Phoenix
Bought by
Chavez Jose S

Purchase Details

Closed on
Jun 2, 1997
Sold by
Chavez Jose S
Bought by
Neighborhood Housing Services Of Phoenix

Purchase Details

Closed on
Jan 16, 1997
Sold by
Jackson Beverly A
Bought by
Chavez Jose S
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Armstrong Thomas $645,000 Lawyers Title Of Arizona Inc
Gettys Adam D -- None Available
Delara Lanse $215,000 North American Title Company
Serrato S Services Llc $133,500 First Arizona Title Agency
Valencia Maria C Sanchez -- Transnation Title Ins Co
Chavez Jose S -- Transnation Title Insurance
Neighborhood Housing Services Of Phoenix -- Transnation Title Insurance
Chavez Jose S $53,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armstrong Thomas $548,250
Previous Owner Delara Lanse $90,000
Previous Owner Delara Lanse $193,500
Previous Owner Serratos Services Llc $105,000
Previous Owner Serrato S Services Llc $105,000
Previous Owner Valencia Maria C Sanchez $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2021 03/12/21 Sold $645,000 0.0% $484 / Sq Ft
03/12/2021 03/12/21 Sold $645,000 0.0% $194 / Sq Ft
11/27/2020 11/27/20 Price Changed $645,000 0.0% $484 / Sq Ft
11/27/2020 11/27/20 Price Changed $645,000 -7.2% $194 / Sq Ft
11/03/2020 11/03/20 For Sale $695,000 0.0% $522 / Sq Ft
11/03/2020 11/03/20 For Sale $695,000 +7.8% $209 / Sq Ft
11/03/2020 11/03/20 Off Market $645,000 -- --
11/03/2020 11/03/20 Off Market $645,000 -- --
09/17/2020 09/17/20 For Sale $695,000 0.0% $522 / Sq Ft
09/08/2020 09/08/20 Price Changed $695,000 -6.7% $209 / Sq Ft
08/11/2020 08/11/20 Price Changed $745,000 -6.3% $224 / Sq Ft
06/26/2020 06/26/20 For Sale $795,000 +269.8% $239 / Sq Ft
12/23/2015 12/23/15 Sold $215,000 +2.4% $106 / Sq Ft
11/11/2015 11/11/15 Pending -- -- --
11/01/2015 11/01/15 For Sale $209,900 +57.2% $104 / Sq Ft
05/07/2014 05/07/14 Sold $133,500 -11.0% $69 / Sq Ft
05/05/2014 05/05/14 Price Changed $150,000 0.0% $78 / Sq Ft
04/21/2014 04/21/14 Price Changed $150,000 0.0% $78 / Sq Ft
04/07/2014 04/07/14 Pending -- -- --
02/20/2014 02/20/14 For Sale $150,000 -- $78 / 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 $1,233 $9,224 -- --
2024 $1,222 $8,785 -- --
2023 $1,222 $19,690 $3,935 $15,755
2022 $1,178 $15,555 $3,110 $12,445
2021 $1,169 $14,075 $2,815 $11,260
2020 $2,115 $25,870 $5,170 $20,700
2019 $2,115 $19,120 $3,820 $15,300
2018 $881 $15,280 $3,050 $12,230
2017 $849 $12,580 $2,510 $10,070
2016 $825 $10,680 $2,130 $8,550
2015 $864 $8,810 $1,760 $7,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6133426

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-24-024