NOT LISTED FOR SALE

1244 W Pierce St Unit 15 Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $387,000 - $542,512

0.3 Acre
$1,583,760 Price per Acre
13,068 Sq Ft Lot

Last Sold May 28, 2015

Last sale price $117,500

Est. 304% increase in value since last sale

Current estimated payment $2,556/month

61 Days on Market

About This Lot

As of May 2015

INFILL REDEVELOPMENT OPPORTUNITY in the hot Grand Avenue Arts District. 1244 W Pierce St is an existing, leased 1912 duplex with gross income of $975 per month. Property is 13,080 sq ft of R-5 zoned land, yielding a 43.5 dwelling unit/acre density. Highest and best use of property is infill redevelopment for condominiums. Property is in the middle of the Grand Avenue Arts District, and within walking distance to many art galleries, studios, & spaces, as well as many popular bars, restaurants, and retail spaces including Grand Avenue Brewing Company (coming soon), & Bragg's Factory Diner. Easy drive or bike ride into Downtown Phoenix. Perfect sized project for the small builder or first-time developer.

Last Agent to Sell the Property

Gene Montemore

Compass License #SA531107000 Listed on: 02/20/2015

Compass

Last Buyer's Agent

Gene Montemore

Compass License #SA531107000 Listed on: 02/20/2015

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $382

Lot Details

  • 0.3 Acre Lot
  • Chain Link Fence
  • Property is zoned R-5

Additional Homes

  • Residence on Property

Community Details

  • No Home Owners Association
  • University Addition Subdivision

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 111-27-131-A

Property Details

Property Type

Land

Est. Annual Taxes

$382

Lot Details

0

Listing Details

  • Cross Street: Grand / 7th Ave
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: R-5
  • Tax Year: 2014
  • Directions: (NW) on Grand to Pierce St, (W) to property on right.
  • Lot Size Acres: 0.3
  • Road Surface Type: Asphalt
  • Subdivision Name: University Addition
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Fencing: Chain Link
  • Disclosures: None
  • Other Structures: Residence

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 100 x 131
  • Lot Size Sq Ft: 13080.0
  • Additional Parcels: No
  • Parcel #: 111-27-131-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 382.44
  • Tax Book Number: 111.00
  • Tax Lot: 15
  • Tax Map Number: 27.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2023
Sold by
Pierce Street Holdings Llc
Bought by
Dulin Shane
Current Estimated Value
$475,128

Purchase Details

Listed on
Feb 20, 2015
Closed on
May 26, 2015
Sold by
Hover Ian and Hover Kimberly
Bought by
Pierce Street Holdings Llc
Seller's Agent
Gene Montemore
Compass
Buyer's Agent
Gene Montemore
Compass
List Price
$135,000
Sold Price
$117,500
Premium/Discount to List
-$17,500
-12.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.44%

Purchase Details

Closed on
Jan 30, 2014
Sold by
Rodriguez William Monroe and Duhancik Rodriguez Teresa Ann
Bought by
Hover Ian and Hover Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,500
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2013
Sold by
Barriga Susie and Cortez Susie Barriga
Bought by
Rodriguez William Monroe and Duhancik Rodriguez Teresa Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2002
Sold by
Barriga Jessie
Bought by
Barriga Susie
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Dulin Shane $402,000 Commonwealth Land Title
Pierce Street Holdings Llc $117,500 Driggs Title Agency Inc
Hover Ian $85,000 Driggs Title Agency Inc
Rodriguez William Monroe $65,000 First American Title Ins Co
Barriga Susie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hover Ian $62,500
Previous Owner Rodriguez William Monroe $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2015 05/28/15 Sold $117,500 -13.0% --
04/22/2015 04/22/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $135,000 -- --
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 $329 $2,457 $2,457 --
2024 $325 $2,340 $2,340 --
2023 $325 $27,705 $27,705 $0
2022 $314 $16,920 $16,920 $0
2021 $312 $14,280 $14,280 $0
2020 $315 $12,120 $12,120 $0
2019 $315 $8,595 $8,595 $0
2018 $309 $2,550 $2,550 $0
2017 $302 $2,640 $2,640 $0
2016 $462 $6,880 $1,370 $5,510
2015 $427 $4,530 $900 $3,630
Source: Public Records

Agents Affiliated with this Home

  • Gene Montemore

    Seller's Agent in 2015

    Gene Montemore

    Compass

    (480) 529-4363

    1 in this area

    79 Total Sales

    Gene Montemore
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5239874

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-27-131A

Arizona Maricopa County Phoenix 85007 Central City

1244 W Pierce St Unit 15, Phoenix, AZ

This home is located at 1244 W Pierce St Unit 15, Phoenix, AZ 85007 since 20 February 2015 and is currently estimated at $475,128. 1244 W Pierce St Unit 15 is a home located in Maricopa County with nearby schools including Kenilworth Elementary School, Phoenix Coding Academy, and Central 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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