NOT LISTED FOR SALE

Estimated Value: $518,000 - $828,000

4 Beds
-- Bath
1,502 Sq Ft
$486/Sq Ft Est. Value

Last Sold November 30, 2016

Last sale price $113,000 $75 Per Sq Ft

Est. 546% increase in value since last sale

Current estimated payment $4,063/month

2 Days on Market

Highlights

  • RV or Boat Parking
  • Wood Flooring
  • Central Heating
  • Phoenix Coding Academy Rated A
  • Cooling Available

About This Home

As of November 2016

Duplex in historic area, close to downtown Phoenix. Each unit is approximately 1,000 square feet and has 2 bedrooms and 2 bathrooms. Newer carpet in both units, newer HVAC system, newer exterior paint. Both units currently occupied by long term tenants. Please contact listing agent for more details. Wonderful investment opportunity exists with this property.
1230 E Pierce St & 1232 E Pierce St are the addresses on the physical building.

Last Agent to Sell the Property

Vincent Fiore

Compass License #SA638261000 Listed on: 11/18/2016

Compass

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $651

Year Built

  • Built in 1926

Lot Details

  • Property fronts an alley

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking
  • Paved Parking
  • RV or Boat Parking

Schools

  • Garfield Elementary School
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Cooling Available
  • Multiple Heating Units
  • Central Heating
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 8
  • Assessor Parcel Number 116-24-032

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6738
  • Garfield Subdivision

Building Details

  • Operating Expense $3,951
  • Gross Income $13,644
  • Net Operating Income $10,344

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$651

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Cross Street: 12th St and Roosevelt St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1926
  • Tax Year: 2016
  • Road Frontage Type: Alley
  • Road Surface Type: Curb(s) & Gutter(s)
  • Subdivision Name: Garfield
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: BI Oven/Range, Washer/Dryer, W/D Hookup
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free, RV/Boat Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Central, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3300.0

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 6738
  • Additional Parcels: No
  • Parcel #: 116-24-032

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 13644.0
  • Property Net Operating Income: 10344.0
  • Annual Operating Expense: 3951.0

Tax Info

  • Tax Annual Amount: 651.0
  • Tax Book Number: 116.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2017
Sold by
Ran Llc
Bought by
Ran Holdings Llc
Current Estimated Value
$729,732

Purchase Details

Listed on
Nov 18, 2016
Closed on
Nov 29, 2016
Sold by
Front Porch Partners Llc
Bought by
Ran Llc
Seller's Agent
Vincent Fiore
Compass
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$105,900
Sold Price
$113,000
Premium/Discount to List
$7,100
6.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.72%

Purchase Details

Closed on
Sep 25, 2012
Sold by
Atlas Residential Llc
Bought by
Front Proch Partners Llc

Purchase Details

Closed on
Sep 11, 2012
Sold by
Ralph Andrew and Whalen Marcia
Bought by
Atlas Residential Llc

Purchase Details

Closed on
Aug 26, 2005
Sold by
Riordan Karlsson Mary
Bought by
Ralph Andrew and Whalen Marcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2004
Sold by
Kma Associates Llc
Bought by
Riordan Karlsson Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 22, 2004
Sold by
Borbolla Rosario Cecena J and Fierro Elva Portillo
Bought by
Kma Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ran Holdings Llc -- Accommodation
Ran Llc $113,000 Great Amer Title Agency Inc
Front Proch Partners Llc $72,500 Chicago Title Agency Inc
Atlas Residential Llc $63,000 None Available
Ralph Andrew $260,000 --
Riordan Karlsson Mary -- --
Kma Associates Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ralph Andrew $208,000
Previous Owner Kma Associates Llc $51,000
Closed Ralph Andrew $26,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2016 11/30/16 Sold $113,000 +6.7% $75 / Sq Ft
11/20/2016 11/20/16 Pending -- -- --
11/18/2016 11/18/16 For Sale $105,900 -- $71 / 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 $3,017 $21,236 -- --
2024 $2,812 $20,225 -- --
2023 $2,812 $48,870 $9,770 $39,100
2022 $2,712 $27,380 $5,480 $21,900
2021 $692 $17,350 $3,470 $13,880
2020 $700 $14,550 $2,910 $11,640
2019 $698 $11,680 $2,330 $9,350
2018 $687 $9,720 $1,940 $7,780
2017 $671 $9,200 $1,840 $7,360
2016 $651 $6,720 $1,340 $5,380
2015 $603 $5,160 $1,030 $4,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5527148

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-24-032