Seller's Agent in 2020
Carson Griesemer
ABI Multifamily
(602) 714-1400
2 in this area
28 Total Sales
1221 E Adams St Phoenix, AZ 85034
Garfield NeighborhoodEstimated Value: $630,148 - $707,000
--
Bed
--
Bath
2,426
Sq Ft
$271/Sq Ft
Est. Value
Highlights
- Central Air
- 3-minute walk to 12Th St/Washington
- Heating System Uses Natural Gas
- Phoenix Coding Academy Rated A
About This Home
As of September 20201221 East Adams Street is a 4-Unit apartment building, built in 1954 and consisting of block construction. The property consists of (4) 1-Bedroom / 1-Bathroom units which are 100% occupied. Three of the Four units have been recently updated. Additional value to be had through the installation of In-Suite W/D along with executing interior renovations to the final unit. Every unit has additional storage closets located on the exterior of the property. 1221 East Adams Street is just West of Chase Field and only minutes to the heart of Downtown Phoenix. With the property being located just steps from the Washington & 12th Street Light-Rail Station, tenants are sure to enjoy the accessibility the property offers.
Last Agent to Sell the Property
ABI Multifamily License #SA686764000 Listed on: 08/07/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,375
Year Built
- Built in 1954
Lot Details
- 7,841
Home Design
- Composition Roof
- Block Exterior
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Utilities
- Central Air
- Heating System Uses Natural Gas
- Individual Controls for Heating
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer
- Legal Lot and Block 7 / 12
- Assessor Parcel Number 116-45-115
Community Details
Overview
- 4 Units
- Building Dimensions are 51 Ft x 157 Ft
- Collins Addition Phoenix Blocks 23 26 17 & 27 Subdivision
Building Details
- Operating Expense $1,375
- Gross Income $41,040
- Net Operating Income $27,183
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 7, 2020
Closed on
Sep 23, 2020
Sold by
Bruggman Tyler
Bought by
Tb Thomas Llc
Seller's Agent
Carson Griesemer
ABI Multifamily
Buyer's Agent
Carson Griesemer
ABI Multifamily
List Price
$445,000
Sold Price
$445,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,537
Avg. Annual Appreciation
8.11%
Original Mortgage
$356,000
Outstanding Balance
$319,954
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$336,583
Purchase Details
Listed on
Aug 7, 2020
Closed on
Sep 22, 2020
Sold by
Gold Khai
Bought by
Bruggman Tyler
Seller's Agent
Carson Griesemer
ABI Multifamily
Buyer's Agent
Carson Griesemer
ABI Multifamily
List Price
$445,000
Sold Price
$445,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Outstanding Balance
$319,954
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$336,583
Purchase Details
Listed on
Apr 29, 2015
Closed on
Jun 30, 2015
Sold by
Jj & Al Investments Llc
Bought by
Gold Khai H
Seller's Agent
Miritssa Casas
Milly Sells Az
Buyer's Agent
Caroline Torres
eXp Realty
List Price
$185,000
Sold Price
$175,000
Premium/Discount to List
-$10,000
-5.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.50%
Original Mortgage
$164,957
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Listed on
Jan 22, 2015
Closed on
Jan 30, 2015
Sold by
Ibarra Alejandra
Bought by
Jj & Al Investments Llc
Seller's Agent
Miritssa Casas
Milly Sells Az
Buyer's Agent
Ana Bayardo
Equity Realty Group, LLC
List Price
$120,000
Sold Price
$120,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
163.12%
Original Mortgage
$108,000
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 24, 2010
Sold by
Sutherland Denise
Bought by
Ibarra Alejandra
Purchase Details
Closed on
Apr 8, 2010
Sold by
Ibarra Alejandra
Bought by
Sutherland Denise
Purchase Details
Closed on
Sep 24, 2009
Sold by
Ibarra Elvia B
Bought by
Ibarra Alejandra
Purchase Details
Closed on
Apr 25, 2009
Sold by
Ibarra Alejandra
Bought by
Ibarra Elvia B
Purchase Details
Closed on
Mar 28, 2001
Sold by
Berry Doris A
Bought by
Ibarra Alejandra
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
10.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 3, 1997
Sold by
Berry Doris A and Berry Virgil J
Bought by
Virgil J Sr & Doris Berry Family Trust
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tb Thomas Llc | -- | Accommodation | |
| Bruggman Tyler | $445,000 | Pioneer Title Agency Inc | |
| Gold Khai H | $175,000 | Driggs Title Agency Inc | |
| Jj & Al Investments Llc | $120,000 | Driggs Title Agency | |
| Ibarra Elvia | -- | Driggs Title Agency Inc | |
| Ibarra Alejandra | -- | None Available | |
| Sutherland Denise | -- | None Available | |
| Ibarra Alejandra | -- | None Available | |
| Ibarra Elvia B | -- | None Available | |
| Ibarra Alejandra | $100,000 | Lawyers Title Of Arizona Inc | |
| Virgil J Sr & Doris Berry Family Trust | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bruggman Tyler | $356,000 | |
| Previous Owner | Gold Khai H | $219,800 | |
| Previous Owner | Gold Khai H | $164,957 | |
| Previous Owner | Jj & Al Investments Llc | $108,000 | |
| Previous Owner | Ibarra Alejandra | $93,500 | |
| Previous Owner | Ibarra Alejandra | $80,000 | |
| Closed | Ibarra Alejandra | $10,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/25/2020 09/25/20 | Sold | $445,000 | 0.0% | $183 / Sq Ft |
| 08/17/2020 08/17/20 | Pending | -- | -- | -- |
| 08/07/2020 08/07/20 | For Sale | $445,000 | +154.3% | $183 / Sq Ft |
| 06/30/2015 06/30/15 | Sold | $175,000 | -5.4% | $72 / Sq Ft |
| 05/08/2015 05/08/15 | Pending | -- | -- | -- |
| 04/29/2015 04/29/15 | For Sale | $185,000 | +54.2% | $76 / Sq Ft |
| 02/07/2015 02/07/15 | Sold | $120,000 | 0.0% | $49 / Sq Ft |
| 01/26/2015 01/26/15 | Pending | -- | -- | -- |
| 01/21/2015 01/21/15 | For Sale | $120,000 | -- | $49 / 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 | $1,436 | $10,741 | -- | -- |
| 2024 | $1,422 | $10,230 | -- | -- |
| 2023 | $1,422 | $46,130 | $9,220 | $36,910 |
| 2022 | $1,372 | $32,450 | $6,490 | $25,960 |
| 2021 | $1,362 | $27,200 | $5,440 | $21,760 |
| 2020 | $1,377 | $24,730 | $4,940 | $19,790 |
| 2019 | $1,375 | $17,780 | $3,550 | $14,230 |
| 2018 | $1,352 | $12,900 | $2,580 | $10,320 |
| 2017 | $1,320 | $12,970 | $2,590 | $10,380 |
| 2016 | $1,282 | $10,620 | $2,120 | $8,500 |
| 2015 | $1,187 | $10,200 | $2,040 | $8,160 |
Source: Public Records
Agents Affiliated with this Home
-
Carson Griesemer
-
Mitchell Drake
Seller Co-Listing Agent in 2020
Mitchell Drake
ABI Multifamily
(602) 714-1400
3 in this area
30 Total Sales
-
Miritssa Casas
Seller's Agent in 2015
Miritssa Casas
Milly Sells Az
(480) 438-0299
182 Total Sales
-
Ana Bayardo
Buyer's Agent in 2015
Ana Bayardo
Equity Realty Group, LLC
(602) 488-0990
111 Total Sales
-
Caroline Torres
Buyer's Agent in 2015
Caroline Torres
eXp Realty
(480) 329-2348
39 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6114117
APN: 116-45-115
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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