1305 E Madison St Phoenix, AZ 85034
Garfield NeighborhoodEstimated payment $8,243/month
Highlights
- Cooling Available
- 4-minute walk to 12Th St/Jefferson
- Heating Available
- Phoenix Coding Academy Rated A
- Ceiling Fan
About This Home
Brand new construction. All units are 2 bedroom 2 bath/ High end finishes throughout. This is a perfect turnkey property that is the first in a growing area with gentrification happening. Upside investment. The property is near the light rail into downtown, Bank One Ballpark, Roosevelt Row, and light rail to the airport. IECC efficient appliances and A/C. Visit my YouTube channel at MorganShipleyAZ for videos.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,220
Year Built
- Built in 2025
Home Design
- Wood Frame Construction
- Composition Roof
- Stone Exterior Construction
- Stucco
- Stone
Interior Spaces
- Ceiling Fan
Parking
- 8 Parking Spaces
- Free Parking
- 8 Open Parking Spaces
Schools
- Garfield Elementary And Middle School
- North High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for water, sewer, trash collection, landscaping
- Tax Lot 11
- Assessor Parcel Number 116-49-029
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 7000 sq feet
- Collins Addition Phoenix Blocks 31 34 39 40 Subdivision
Building Details
- Operating Expense $6,520
- Gross Income $88,800
- Net Operating Income $82,280
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,565 | $9,123 | $9,123 | -- |
| 2024 | $828 | $8,688 | $8,688 | -- |
| 2023 | $828 | $17,200 | $3,440 | $13,760 |
| 2022 | $799 | $15,520 | $3,100 | $12,420 |
| 2021 | $707 | $9,030 | $1,800 | $7,230 |
| 2020 | $717 | $8,220 | $1,640 | $6,580 |
| 2019 | $717 | $6,480 | $1,290 | $5,190 |
| 2018 | $444 | $5,830 | $1,160 | $4,670 |
| 2017 | $428 | $4,800 | $960 | $3,840 |
| 2016 | $416 | $4,320 | $860 | $3,460 |
| 2015 | $379 | $3,460 | $690 | $2,770 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/17/2025 11/17/25 | For Sale | $1,525,000 | +22.0% | -- | |
| 07/15/2025 07/15/25 | Sold | $1,250,000 | -9.1% | $1,476 / Sq Ft | View Prior Sale |
| 06/10/2025 06/10/25 | Pending | -- | -- | -- | |
| 05/23/2025 05/23/25 | Price Changed | $1,375,000 | -1.7% | $1,623 / Sq Ft | |
| 05/05/2025 05/05/25 | Price Changed | $1,399,000 | -3.5% | $1,652 / Sq Ft | |
| 04/17/2025 04/17/25 | Price Changed | $1,449,000 | -3.1% | $1,711 / Sq Ft | |
| 04/04/2025 04/04/25 | Price Changed | $1,495,000 | +900.0% | $1,765 / Sq Ft | |
| 04/04/2025 04/04/25 | Price Changed | $149,500 | -90.0% | $177 / Sq Ft | |
| 03/26/2025 03/26/25 | For Sale | $1,499,000 | +19.9% | $1,770 / Sq Ft | |
| 03/26/2025 03/26/25 | Off Market | $1,250,000 | -- | -- | |
| 01/09/2025 01/09/25 | For Sale | $1,499,000 | +597.2% | $1,770 / Sq Ft | |
| 10/29/2021 10/29/21 | Sold | $215,000 | +8.0% | $202 / Sq Ft | View Prior Sale |
| 10/13/2021 10/13/21 | Pending | -- | -- | -- | |
| 10/08/2021 10/08/21 | For Sale | $199,000 | -- | $187 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,250,000 | Pioneer Title Agency | |
| Special Warranty Deed | -- | New Title Company Name | |
| Warranty Deed | $215,000 | Valleywide Title | |
| Interfamily Deed Transfer | -- | Valleywide Title Agency | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $765,000 | New Conventional | |
| Previous Owner | $190,000 | New Conventional | |
| Previous Owner | $190,000 | Construction |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6948798
APN: 116-49-029
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.
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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Ask me questions while you tour the home.