NOT LISTED FOR SALE

Estimated Value: $295,261 - $421,000

Studio
4 Baths
900 Sq Ft
$398/Sq Ft Est. Value

Last Sold August 09, 2019

Last sale price $140,000 $156 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $1,911/month

18 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Magnet Traditional School Rated 9+
  • Heating System Uses Natural Gas

About This Home

As of August 2019

Hard to find R5 downtown Phoenix multifamily lot in Woodland Historic District, zoned for up to 7 units. Lots of action in the neighborhood, rehabs and new construction. Not a contributing historic property, so tear it down or leave a wall and rebuild. Proximity to Grand Ave and downtown makes this a location with much future potential, smack in the path of development and growth! No sign on lot, drive by only Seller disclosure in DOCS tab. Also listed as lot. Seller is an architect and has plans for 6 one bedroom/1 ba apartments 600 sf.

Last Agent to Sell the Property

Julia Foley

HomeSmart License #SA623912000 Listed on: 07/12/2019

HomeSmart

Last Buyer's Agent

Eileen Mitchell

HomeSmart Realty License #BR579106000

HomeSmart Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $618

Year Built

  • Built in 1916

Lot Details

  • 6,011

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 15
  • Assessor Parcel Number 112-03-036

Community Details

Overview

  • 2 Units
  • Building Dimensions are 55X120
  • Walker Sub Subdivision

Building Details

  • Operating Expense $618

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$618

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Cross Street: Van Buren/7th Ave
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Year Built: 1916
  • Tax Year: 2018
  • Road Surface Type: Asphalt, Alley
  • Subdivision Name: WALKER SUB
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: Development Plan Avl
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: None

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 55X120
  • Additional Parcels: No
  • Parcel #: 112-03-036

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Water
  • Number Of Units Total: 2
  • Annual Operating Expense: 617.8

Tax Info

  • Tax Annual Amount: 617.8
  • Tax Book Number: 112.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2019
Closed on
Jul 30, 2019
Sold by
132 N Llc
Bought by
Ems Properties Llc
Seller's Agent
Julia Foley
HomeSmart
Buyer's Agent
Eileen Mitchell
HomeSmart Realty
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%
Current Estimated Value
$358,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,065
Avg. Annual Appreciation
15.67%

Purchase Details

Closed on
Dec 21, 2018
Sold by
Carpenter Amy
Bought by
Underhill Michael J

Purchase Details

Closed on
Aug 25, 2015
Sold by
Cherrypick Investments Llc
Bought by
Carpenter Amy

Purchase Details

Closed on
Aug 15, 2013
Sold by
Empire Capital Llc
Bought by
Cherrypick 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
$50,400
Interest Rate
4.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2013
Sold by
Le De Ogden T
Bought by
Empire Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
4.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 1996
Sold by
Lede Ogden T and Lede Marla J
Bought by
Lede Ogden T and Lede Marla J
Source: Public Records
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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
Ems Properties Llc $140,000 First American Title Ins Co
Underhill Michael J $77,500 Great American Title Agency
Carpenter Amy $77,000 North American Title Company
Cherrypick Investments Llc $63,000 Fidelity National Title Agen
Empire Capital Llc $22,000 None Available
Lede Ogden T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cherrypick Investments Llc $50,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2019 08/09/19 Sold $140,000 -6.7% $156 / Sq Ft
07/11/2019 07/11/19 For Sale $150,000 -- $167 / 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 $697 $4,909 -- --
2024 $650 $4,675 -- --
2023 $650 $23,280 $4,650 $18,630
2022 $627 $18,930 $3,780 $15,150
2021 $622 $18,100 $3,620 $14,480
2020 $629 $16,580 $3,310 $13,270
2019 $628 $14,070 $2,810 $11,260
2018 $618 $10,430 $2,080 $8,350
2017 $603 $9,320 $1,860 $7,460
2016 $586 $7,430 $1,480 $5,950
2015 $542 $3,560 $710 $2,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5951161

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-03-036