Z
Seller's Agent in 2025
Zachary Coty
Compass
(602) 319-1326
4 in this area
17 Total Sales
1217 E Hess Ave Phoenix, AZ 85034
Central City Neighborhood
--
Bed
--
Bath
1,501
Sq Ft
1946
Built
Highlights
- Cooling Available
- Vinyl Flooring
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of September 20251217 E Hess Ave offers an exceptional investment opportunity with an assumable FHA loan at 5.25%. This property is minutes from Downtown Phoenix, Sky Harbor Airport, and major freeways (I-10, Loop 202). The property is surrounded by major employment hubs including ASU's Downtown campus, Phoenix Biomedical Campus, Maricopa County and City of Phoenix government centers, and top corporate employers like Freeport-McMoRan, Honeywell, Wells Fargo, Chase, and APS. Ongoing redevelopment in the Warehouse District and Central City neighborhoods is fueling rental demand from young professionals, students, and healthcare workers. With excellent access to transit, entertainment, and a strong, diverse job market, this property is well-positioned
for steady cash flow and long-term appreciation.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $681
Year Built
- Built in 1946
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Flooring
- Vinyl Flooring
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- On-Street Parking
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 17
- Assessor Parcel Number 115-37-078-B
Community Details
Overview
- 3 Buildings
- 3 Units
- Building Dimensions are 6900
- Hilton Place Subdivision
Building Details
- Operating Expense $7,479
- Gross Income $43,206
- Net Operating Income $35,727
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 16, 2025
Closed on
Sep 17, 2025
Sold by
Graham Wachovia M
Bought by
Vthq Llc
Seller's Agent
Zachary Coty
Compass
Buyer's Agent
Jay Khor
Conflux
List Price
$525,000
Sold Price
$505,000
Premium/Discount to List
-$20,000
-3.81%
Views
38
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.08%
Purchase Details
Listed on
Apr 4, 2023
Closed on
May 31, 2023
Sold by
Js20 Llc
Bought by
Graham Wachovia M
Seller's Agent
Jason Moss
RCP Real Estate LLC
Buyer's Agent
Edson Salas
ES Realty
List Price
$440,000
Sold Price
$440,000
Views
35
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.12%
Original Mortgage
$432,030
Interest Rate
6.39%
Mortgage Type
FHA
Purchase Details
Listed on
Mar 31, 2021
Closed on
Mar 19, 2021
Sold by
Social Houses Llc
Bought by
Js20 Llc
Seller's Agent
Jason Moss
RCP Real Estate LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
Sold Price
$1,150
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.05%
Original Mortgage
$30,000
Interest Rate
3.17%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 15, 2020
Sold by
Ochoa Elias
Bought by
Social Houses Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 12, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Ochoa Elias
Purchase Details
Closed on
Jan 20, 2012
Sold by
Flagstar Bank Fsb
Bought by
Secretary Of Housing & Urban Development
Purchase Details
Closed on
Jan 10, 2012
Sold by
Flores Julio
Bought by
Flagstar Bank Fsb
Purchase Details
Closed on
Dec 3, 2007
Sold by
Monrreal Jose Alfredo
Bought by
Flores Julio
Purchase Details
Closed on
Oct 19, 2007
Sold by
Flores Albertina
Bought by
Flores Julio C
Purchase Details
Closed on
Nov 1, 2006
Sold by
Monrreal Jose Alfredo
Bought by
Flores Julio C
Purchase Details
Closed on
Nov 11, 1997
Sold by
Soto Manuel A and Soto Josie G
Bought by
Monreal Jose Alfredo and Monreal Jose A
Purchase Details
Closed on
Jan 10, 1997
Sold by
Soto Manuel A and Soto Josie G
Bought by
Chavez Hisabel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
7.74%
Mortgage Type
Seller Take Back
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $505,000 | Lawyers Title Of Arizona | |
| Warranty Deed | $440,000 | Pioneer Title Services | |
| Warranty Deed | $340,000 | East Title Agency | |
| Warranty Deed | $102,500 | Chicago Title Agency | |
| Special Warranty Deed | -- | Grand Canyon Title Agency | |
| Grant Deed | -- | None Available | |
| Trustee Deed | $93,153 | None Available | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $26,000 | Stewart Title & Trust | |
| Warranty Deed | $27,000 | Stewart Title & Trust |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $432,030 | FHA | |
| Previous Owner | $30,000 | New Conventional | |
| Previous Owner | $216,000 | Commercial | |
| Previous Owner | $82,000 | Commercial | |
| Previous Owner | $25,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/22/2025 09/22/25 | Sold | $505,000 | -3.8% | $336 / Sq Ft | |
| 09/16/2025 09/16/25 | For Sale | $525,000 | 0.0% | $350 / Sq Ft | |
| 06/16/2025 06/16/25 | For Sale | $525,000 | +19.3% | $350 / Sq Ft | |
| 05/31/2023 05/31/23 | Sold | $440,000 | 0.0% | $341 / Sq Ft | View Prior Sale |
| 04/04/2023 04/04/23 | For Sale | $440,000 | 0.0% | $341 / Sq Ft | |
| 04/22/2021 04/22/21 | Rented | $1,150 | 0.0% | -- | |
| 04/12/2021 04/12/21 | Off Market | $1,150 | -- | -- | |
| 04/10/2021 04/10/21 | For Rent | $1,150 | 0.0% | -- | |
| 04/01/2021 04/01/21 | Off Market | $1,150 | -- | -- | |
| 03/31/2021 03/31/21 | For Rent | $1,150 | 0.0% | -- | |
| 03/26/2021 03/26/21 | Sold | $240,000 | -11.1% | $160 / Sq Ft | View Prior Sale |
| 03/12/2021 03/12/21 | Price Changed | $270,000 | -9.7% | $180 / Sq Ft | |
| 03/09/2021 03/09/21 | For Sale | $299,000 | -- | $199 / 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 | $681 | $5,095 | -- | -- |
| 2024 | $598 | $4,852 | -- | -- |
| 2023 | $598 | $15,460 | $3,090 | $12,370 |
| 2022 | $651 | $8,080 | $1,610 | $6,470 |
| 2021 | $646 | $8,330 | $1,660 | $6,670 |
| 2020 | $653 | $8,380 | $1,670 | $6,710 |
| 2019 | $652 | $5,280 | $1,050 | $4,230 |
| 2018 | $337 | $4,300 | $860 | $3,440 |
| 2017 | $330 | $4,270 | $850 | $3,420 |
| 2016 | $320 | $4,010 | $800 | $3,210 |
| 2015 | $296 | $3,100 | $620 | $2,480 |
Source: Public Records
Agents Affiliated with this Home
-
Zachary Coty
-
Jay Khor
Buyer's Agent in 2025
Jay Khor
Conflux
(602) 320-8838
1 in this area
28 Total Sales
-
Jason Moss
Seller's Agent in 2023
Jason Moss
RCP Real Estate LLC
(480) 636-6386
1 in this area
87 Total Sales
-
Edson Salas
Buyer's Agent in 2023
Edson Salas
ES Realty
(602) 319-0985
1 in this area
81 Total Sales
-
José Díaz
Seller's Agent in 2021
José Díaz
Planet Realty
(602) 617-0877
17 in this area
91 Total Sales
-
N
Buyer's Agent in 2021
Non-MLS Agent
Non-MLS Office
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6880768
APN: 115-37-078B
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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