NOT LISTED FOR SALE

1228 E Virginia Ave Phoenix, AZ 85006

Coronado Neighborhood

Estimated Value: $504,848 - $672,000

4 Beds
-- Bath
1,385 Sq Ft
$422/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $549,900 $397 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,354/month

69 Days on Market

About This Home

As of November 2021

Clean duplex in a great neighborhood with two, 2-bedroom units, each with own its garage. Front unit is month to month paying $1,000/ month, seller currently occupies the 2nd unit. Seller replaced the sewer line in 2020 plus the underground plumbing in his unit. Back unit has been completely remodeled with new dual pane windows, cabinets and quartz counters, tile surround shower, tile flooring throughout, new fixtures and trim. Property also includes 20x30 brick storage building / garage with roll up door that could be converted to a 3rd unit, floorplan drawing attached in the documents section. Backyard could be fenced off so each unit could have a private yard. Neighborhood demands high rents for the area which can make for a great investment return & option to live in one, rent the ot

Last Agent to Sell the Property

Chad Vice

Venture REI, LLC License #SA551681000 Listed on: 07/20/2021

Last Buyer's Agent

Jackie Briggs

Locality Homes License #BR541809000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $736

Year Built

  • Built in 1950

Lot Details

  • 7,492

Home Design

  • Brick Exterior Construction
  • Composition Roof

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Schools

  • Phoenix Prep Academy Elementary And Middle School
  • Phoenix Prep Academy High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 120 / 1
  • Assessor Parcel Number 117-21-119

Community Details

Overview

  • 2 Units
  • Building Dimensions are 62.44' x 119.34'
  • South Country Club Manor Subdivision

Building Details

  • Operating Expense $2,960
  • Gross Income $12,000
  • Net Operating Income $9,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$736

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: Thomas & 12th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multifamily
  • Number Of Buildings: 1
  • Year Built: 1950
  • Tax Year: 2020
  • Directions: South on 12th St to Virginia Ave., East on Virginia, property on North side of the street.
  • Road Surface Type: Asphalt
  • Subdivision Name: SOUTH COUNTRY CLUB MANOR
  • Garage Yn: Yes
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Garage Details: Yes
  • Parking:Free: Yes
  • Parking:Attached: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual
  • Heating: Individual, Central, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: 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
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1320.0

Schools

  • Elementary School: Phoenix Prep Academy
  • High School: Phoenix Prep Academy
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 62.44' x 119.34'
  • Additional Parcels: No
  • Parcel #: 117-21-119

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 12000.0
  • Insurance Expense: 904.0
  • Property Net Operating Income: 9040.0
  • Annual Operating Expense: 2960.0

Tax Info

  • Tax Annual Amount: 736.0
  • Tax Block: 1
  • Tax Book Number: 117.00
  • Tax Lot: 120

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2021
Closed on
Nov 9, 2021
Sold by
Trubakoff Thad
Bought by
Laclair Matthew and Laclair Anna
Seller's Agent
Chad Vice
Venture REI, LLC
Buyer's Agent
Jackie Briggs
Locality Homes
List Price
$549,900
Sold Price
$549,900
Total Days on Market
69
Current Estimated Value
$588,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,478
Avg. Annual Appreciation
1.71%
Original Mortgage
$549,900
Outstanding Balance
$508,230
Interest Rate
3.01%
Mortgage Type
VA
Estimated Equity
$76,232

Purchase Details

Listed on
Aug 5, 2020
Closed on
Sep 3, 2020
Sold by
Gloe Michael
Bought by
Trubakoff Thad
Seller's Agent
Kenneth Clark
HomeSmart
Buyer's Agent
Chad Vice
HomeSmart
List Price
$414,900
Sold Price
$400,000
Premium/Discount to List
-$14,900
-3.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.88%
Original Mortgage
$410,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 12, 2009
Sold by
Gloe Michael T
Bought by
Gloe Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
5.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 1999
Sold by
Wieting Kurt S and Wieting Ursula J
Bought by
Gloe Michael T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,822
Interest Rate
6.7%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Laclair Matthew $549,900 Valleywide Title Agency Llc
Trubakoff Thad $400,000 Arizona Premier Title
Gloe Michael -- Fidelity Natl Title Ins Co
Gloe Michael T $108,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laclair Matthew $549,900
Previous Owner Trubakoff Thad $410,000
Previous Owner Gloe Michael $109,000
Previous Owner Gloe Michael T $108,300
Previous Owner Gloe Michael T $107,822
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2021 11/10/21 Sold $549,900 0.0% $397 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $549,900 0.0% $397 / Sq Ft
09/11/2021 09/11/21 For Sale $549,900 0.0% $397 / Sq Ft
09/11/2021 09/11/21 Price Changed $549,900 0.0% $397 / Sq Ft
09/01/2021 09/01/21 Price Changed $549,900 0.0% $397 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
07/26/2021 07/26/21 Pending -- -- --
07/23/2021 07/23/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $549,900 +37.5% $397 / Sq Ft
09/17/2020 09/17/20 Sold $400,000 -3.6% $289 / Sq Ft
08/05/2020 08/05/20 For Sale $414,900 -- $300 / 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 $773 $6,161 -- --
2024 $747 $5,868 -- --
2023 $747 $39,210 $7,840 $31,370
2022 $743 $24,030 $4,800 $19,230
2021 $755 $20,000 $4,000 $16,000
2020 $736 $14,660 $2,930 $11,730
2019 $704 $11,710 $2,340 $9,370
2018 $681 $9,310 $1,860 $7,450
2017 $625 $8,970 $1,790 $7,180
2016 $603 $7,280 $1,450 $5,830
2015 $561 $6,160 $1,230 $4,930
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Chad Vice

    Venture REI, LLC

  • Jackie Briggs

    Buyer's Agent in 2021

    Jackie Briggs

    Locality Homes

    (602) 717-4844

    1 in this area

    155 Total Sales

    Jackie Briggs
    Section Image

  • K

    Seller's Agent in 2020

    Kenneth Clark

    HomeSmart

  • Matt Wright

    Seller Co-Listing Agent in 2020

    Matt Wright

    Realty One Group

    (602) 290-2175

    1 in this area

    38 Total Sales

    Matt Wright
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6267046

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-21-119

Arizona Maricopa County Phoenix 85006 Coronado

1228 E Virginia Ave, Phoenix, AZ

This home is located at 1228 E Virginia Ave, Phoenix, AZ 85006 since 20 July 2021 and is currently estimated at $584,462, approximately $421 per square foot. This property was built in 1950. 1228 E Virginia Ave is a home located in Maricopa County with nearby schools including Longview Elementary School, Osborn Middle School, and North High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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