NOT LISTED FOR SALE

1234 E Roosevelt St Phoenix, AZ 85006

Garfield Neighborhood

Estimated Value: $253,000 - $641,000

4 Beds
1 Bath
437 Sq Ft
$1,046/Sq Ft Est. Value

Last Sold January 03, 2023

Last sale price $1,025,000 $2,346 Per Sq Ft

Current estimated payment $2,615/month

10 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

As of January 2023

The property consisting of 4 detached, standalone homes that share a common courtyard and secure parking area. Each thoughtfully designed boutique one-bedroom / one-bathroom ''casita'' has been extensively renovated, embracing the historic bungalow style of the Downtown Garfield Historic District. No expense was spared in the renovations. Each casita has full-size in-unit washer/dryer, contemporary finishes, smooth interior drywall finish, new windows, flooring, cabinets, LED lighting, quartz countertops, stainless steel appliances, exterior stucco, built-in murphy beds w/desks, updated electrical and plumbing and much more. Community amenities include an outdoor lounge area covered by a large cabana, beautiful desert and garden landscaping with LED lighting, and ample private parking space. Each unit is also individually metered for electricity. With many dining, shopping, entertainment options as well as multiple freeway access points within minutes, this property will prove to be a great place for residents to live and serve as an elite turnkey asset.

Last Agent to Sell the Property

Dallin Hammond

ABI Multifamily License #SA677560000 Listed on: 11/08/2022

Co-Listed By

Tom Palestina

ABI Multifamily License #SA688331000

Last Buyer's Agent

Mikki Bryant

HomeSmart License #SA573383000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,296

Year Built

  • Built in 1930

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 21
  • Assessor Parcel Number 116-23-157

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 49.95x125.45x49.95x125.38
  • Sedlers Subdivision

Building Details

  • Operating Expense $1,296
  • Gross Income $76,992
  • Net Operating Income $59,852

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,296

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1930
  • Tax Year: 2022
  • Road Frontage Type: Alley
  • Road Surface Type: Concrete
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: SEDLERS
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • 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: Wood Frame, Stucco, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: >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 Features >1 Space Per Unit: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Partially Furnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 49.95x125.45x49.95x125.38
  • Additional Parcels: Yes
  • Parcel #: 116-23-157

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 76992.0
  • Property Net Operating Income: 59852.0
  • Annual Operating Expense: 1296.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 1296.0
  • Tax Book Number: 116.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2022
Closed on
Jan 3, 2023
Sold by
Garfield District Partners Llc
Bought by
L & J Hillcrest Corporation
Seller's Agent
Dallin Hammond
ABI Multifamily
Buyer's Agent
Mikki Bryant
HomeSmart
List Price
$1,080,000
Sold Price
$1,025,000
Premium/Discount to List
-$55,000
-5.09%
Views
3
Current Estimated Value
$457,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$567,951
Avg. Annual Appreciation
-26.61%

Purchase Details

Closed on
Mar 22, 2021
Sold by
Trinity Home Improvements Llc
Bought by
Garfield District Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,111,279
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 22, 2012
Sold by
Saldana Rocio A
Bought by
Rojas Rochelle

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
3.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 2007
Sold by
Saldana Alfonso Moreno
Bought by
Saldana Rocio A

Purchase Details

Closed on
Feb 22, 1996
Sold by
Duarte Joe
Bought by
Duarte Larrena L

Purchase Details

Closed on
Aug 13, 1979
Sold by
Sexton J Harry and Sexton Mildred L
Bought by
Kizzire Doyle M and Lee Stephen J
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
L & J Hillcrest Corporation $1,025,000 Security Title
Garfield District Partners Llc $2,155,000 Commonwealth Title
Rojas Rochelle $90,000 Chicago Title Agency Inc
Saldana Rocio A -- None Available
Duarte Larrena L -- --
Kizzire Doyle M -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garfield District Partners Llc $2,111,279
Previous Owner Griego Ernestine $26,875
Previous Owner Rojas Rochelle $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2023 01/03/23 Sold $1,025,000 -5.1% $2,346 / Sq Ft
11/08/2022 11/08/22 For Sale $1,080,000 -- $2,471 / 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 $1,357 $10,150 -- --
2024 $1,344 $9,667 -- --
2023 $1,344 $28,560 $5,710 $22,850
2022 $1,296 $18,320 $3,660 $14,660
2021 $1,287 $15,430 $3,080 $12,350
2020 $1,233 $13,730 $2,740 $10,990
2019 $1,232 $10,520 $2,100 $8,420
2018 $480 $6,520 $1,300 $5,220
2017 $466 $3,770 $750 $3,020
2016 $453 $3,180 $630 $2,550
2015 $416 $2,600 $520 $2,080
Source: Public Records

Agents Affiliated with this Home

  • Dallin Hammond

    Seller's Agent in 2023

    Dallin Hammond

    ABI Multifamily

    (602) 714-1400

    4 in this area

    38 Total Sales

    Section Image
  • Tom Palestina

    Seller Co-Listing Agent in 2023

    Tom Palestina

    ABI Multifamily

    (602) 714-1400

    4 in this area

    35 Total Sales

    Section Image

  • M

    Buyer's Agent in 2023

    Mikki Bryant

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6489512

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-23-157

Arizona Maricopa County Phoenix 85006 Garfield

1234 E Roosevelt St, Phoenix, AZ

This home is located at 1234 E Roosevelt St, Phoenix, AZ 85006 since 08 November 2022 and is currently estimated at $457,049, approximately $1,045 per square foot. This property was built in 1930. 1234 E Roosevelt St is a home located in Maricopa County with nearby schools including Garfield School, North High School, and Phoenix Coding Academy.

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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