Seller's Agent in 2021
Tom Palestina
ABI Multifamily
(602) 714-1400
6 in this area
41 Total Sales
1223 E Moreland St Phoenix, AZ 85006
Garfield NeighborhoodEstimated Value: $628,000 - $719,273
Studio
--
Bath
1,242
Sq Ft
$539/Sq Ft
Est. Value
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of September 20214 units that were built in 1985 on a quaint street in the Historic Garfield District. Two separate buildings, 100% 2-Bedroom / 1-Bathroom Units with potential value add through interior renovations! All AC units replaced 2021, desert landscaping, newer windows, etc. Close proximity to numerous Dining & entertainment options in Downtown Phoenix. Situated within an Arizona Opportunity Zone. Less than a 10 minute drive to the Phoenix Sky Harbor Airport.
Last Agent to Sell the Property
ABI Multifamily License #SA688331000 Listed on: 07/23/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,484
Year Built
- Built in 1985
Lot Details
- 7,144
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Carpet
- Ceramic Tile
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- On-Street Parking
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for trash collection, water, sewer
- Tax Lot 41
- Assessor Parcel Number 116-23-063
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 7,125
- Belvedere Amd Subdivision
Building Details
- Operating Expense $1,484
- Gross Income $35,595
- Net Operating Income $24,475
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 23, 2021
Closed on
Sep 21, 2021
Sold by
Dh23investments Llc
Bought by
Anaya Nora
Seller's Agent
Tom Palestina
ABI Multifamily
Buyer's Agent
Nora Anaya
A.Z. & Associates
List Price
$650,000
Sold Price
$610,000
Premium/Discount to List
-$40,000
-6.15%
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
$58,818
Avg. Annual Appreciation
2.12%
Original Mortgage
$488,000
Outstanding Balance
$444,044
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$224,774
Purchase Details
Closed on
Jun 18, 2021
Sold by
Moreland Duplex Llc
Bought by
Dh23 Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 25, 2013
Sold by
Griffin Sara
Bought by
Griffin Lowell
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,267
Interest Rate
3.54%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 18, 2010
Sold by
Griffin Lowell
Bought by
Moreland Duplex Llc
Purchase Details
Closed on
Jul 29, 2008
Sold by
Ottenheimer William
Bought by
Griffin Lowell
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 28, 2008
Sold by
Griffin Sara J
Bought by
Griffin Lowell
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 2, 2008
Sold by
Rivas Maria
Bought by
Ottenheimer William
Purchase Details
Closed on
Feb 29, 2008
Sold by
Ottenheimer Denise
Bought by
Ottenheimer William
Purchase Details
Closed on
Jan 4, 2001
Sold by
Trayner James R
Bought by
Rivas Maria R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,119
Interest Rate
7.71%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 26, 1997
Sold by
Trayner Janet and Hart Trayner Janet N
Bought by
Trayner James R
Purchase Details
Closed on
May 15, 1997
Sold by
Burkard Brian T and Odowd Burkard Debbie L
Bought by
Anchor Financial Investors Llc
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 |
|---|---|---|---|
| Anaya Nora | $610,000 | First American Title Ins Co | |
| Dh23 Investments Llc | $500,000 | Magnus Title Agency | |
| Griffin Lowell | -- | Title Source | |
| Griffin Lowell | -- | Title Source | |
| Moreland Duplex Llc | -- | None Available | |
| Griffin Lowell | $270,000 | None Available | |
| Griffin Lowell | -- | None Available | |
| Ottenheimer William | $225,000 | Empire Title Agency Az Llc | |
| Ottenheimer William | -- | Empire Title Agency Az Llc | |
| Rivas Maria R | $135,000 | Security Title Agency | |
| Trayner James R | -- | Security Title Agency | |
| Trayner James R | $70,500 | Security Title Agency | |
| Anchor Financial Investors Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Anaya Nora | $488,000 | |
| Previous Owner | Dh23 Investments Llc | $350,000 | |
| Previous Owner | Griffin Lowell | $165,267 | |
| Previous Owner | Griffin Lowell | $202,500 | |
| Previous Owner | Griffin Lowell | $202,500 | |
| Previous Owner | Rivas Maria R | $133,119 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2021 09/30/21 | Sold | $610,000 | -4.7% | $491 / Sq Ft |
| 09/17/2021 09/17/21 | Price Changed | $640,000 | 0.0% | $515 / Sq Ft |
| 08/17/2021 08/17/21 | Pending | -- | -- | -- |
| 08/13/2021 08/13/21 | Price Changed | $640,000 | -1.5% | $515 / Sq Ft |
| 07/22/2021 07/22/21 | For Sale | $650,000 | -- | $523 / Sq Ft |
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 | $1,644 | $11,571 | -- | -- |
| 2024 | $1,532 | $11,020 | -- | -- |
| 2023 | $1,532 | $38,410 | $7,680 | $30,730 |
| 2022 | $1,478 | $27,930 | $5,580 | $22,350 |
| 2021 | $1,467 | $23,810 | $4,760 | $19,050 |
| 2020 | $1,484 | $22,760 | $4,550 | $18,210 |
| 2019 | $1,481 | $16,170 | $3,230 | $12,940 |
| 2018 | $1,456 | $15,280 | $3,050 | $12,230 |
| 2017 | $1,422 | $13,230 | $2,640 | $10,590 |
| 2016 | $1,381 | $10,830 | $2,160 | $8,670 |
| 2015 | $1,278 | $10,250 | $2,050 | $8,200 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Palestina
-
Bryce Neagle
Seller Co-Listing Agent in 2021
Bryce Neagle
ABI Multifamily
(602) 714-1400
7 in this area
31 Total Sales
-
Nora Anaya
Buyer's Agent in 2021
Nora Anaya
A.Z. & Associates Real Estate Group
1 in this area
10 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6268520
APN: 116-23-063
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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