Seller's Agent in 2014
Natan Jacobs
Vestis Group
(480) 440-4403
30 Total Sales
1317 W Mcdowell Rd Phoenix, AZ 85007
Story NeighborhoodEstimated Value: $665,000 - $1,286,000
Studio
--
Bath
2,754
Sq Ft
$319/Sq Ft
Est. Value
Highlights
- Cooling Available
- Concrete Flooring
- Individual Controls for Heating
- Phoenix Coding Academy Rated A
About This Home
As of September 2014MODE Arcadia Apartments is an 8-unit, garden-style multifamily community located in the sought after F.Q. Story Historic District neighborhood of Downtown Phoenix, near Encanto Park, Encanto Golf Course and the Roosevelt Arts District. Built in 1945 and renovated in 2014, MODE Downtown Apartments is comprised of 8 two-bedroom units averaging 686 square feet. The buildings are constructed of block with pitched tile roofs. Amenities include coin operated washer & dryer facilities, grass courtyard with desert landscaping and covered parking. The property is individually metered for electricity/gas and master metered for water. The property owner is responsible for the cost of water, sewer, trash pickup and gas. The residents are responsible for the cost of electricity/gas in their units.
Last Agent to Sell the Property
Vestis Group License #BR525576000 Listed on: 08/14/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,966
Year Built
- Built in 1945
Lot Details
- 7,275
Home Design
- Brick Exterior Construction
- Tile Roof
- Block Exterior
- Stucco
Parking
- 8 Parking Spaces
- 8 Covered Spaces
- Common or Shared Parking
Utilities
- Cooling Available
- Individual Controls for Heating
Additional Features
- Concrete Flooring
- Additional Parcels
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 5
- Assessor Parcel Number 111-19-150
Community Details
Overview
- 2 Buildings
- 8 Units
- Building Dimensions are 99 FT x 156 FT
- Fq Story Historic District Phoenix Arizona Usa Subdivision
Building Details
- Operating Expense $25,119
- Gross Income $73,983
- Net Operating Income $49,257
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 8, 2020
Sold by
Moez Virani
Bought by
Sofar Properties Llc
Current Estimated Value
Purchase Details
Closed on
May 20, 2020
Sold by
Sofar Properties Llc
Bought by
Virani Moez
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 6, 2020
Sold by
Virani Vivienne
Bought by
Virani Moez
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 14, 2014
Closed on
Oct 14, 2014
Sold by
Virani Moez R and Virani Vivienne
Bought by
Sofar Properties Llc
Seller's Agent
Natan Jacobs
Vestis Group
Buyer's Agent
Thomas Rizen
RAN Realty & Property Management
List Price
$719,000
Sold Price
$359,500
Premium/Discount to List
-$359,500
-50%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%
Original Mortgage
$251,650
Interest Rate
4.09%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 14, 2014
Closed on
Sep 6, 2014
Sold by
Pinnacle Az Development Lllp
Bought by
Virani Moez R and Virani Vivienne
Seller's Agent
Natan Jacobs
Vestis Group
Buyer's Agent
Thomas Rizen
RAN Realty & Property Management
List Price
$719,000
Sold Price
$359,500
Premium/Discount to List
-$359,500
-50%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,650
Interest Rate
4.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 26, 2013
Sold by
Griego Ernestine
Bought by
Pinnacle Az Development Lllp
Purchase Details
Closed on
Oct 26, 2012
Sold by
Zizzo Nicholas
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
$180,000
Interest Rate
18%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 25, 2012
Sold by
Construction Investment Group Inc
Bought by
Zizzo Nicholas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
18%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 29, 2012
Sold by
Debra Apts Llc
Bought by
Consortium Investment Group Inc
Purchase Details
Closed on
Jun 2, 2006
Sold by
Destefano Thomas C and Destefano Nancy A
Bought by
Destefano Thomas C and Destefano Nancy A
Purchase Details
Closed on
Mar 7, 1979
Sold by
Kalla Subhi M and Kalla Patricia A
Bought by
Stumme Clifford R and Stumme Joyce M
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sofar Properties Llc | -- | None Available | |
| Virani Moez | -- | Grand Canyon Title Agency | |
| Virani Moez | -- | Grand Canyon Title Agency | |
| Sofar Properties Llc | -- | None Available | |
| Virani Moez R | $359,500 | Commonwealth Land Title Ins | |
| Pinnacle Az Development Lllp | $325,000 | Chicago Title Agency Inc | |
| Rojas Rochelle | $180,000 | American Title Service Agenc | |
| Zizzo Nicholas | -- | None Available | |
| Consortium Investment Group Inc | $145,000 | Stewart Title & Trust Of Pho | |
| Destefano Thomas C | -- | None Available | |
| Stumme Clifford R | $58,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Virani Moez | $210,000 | |
| Previous Owner | Virani Moez R | $251,650 | |
| Previous Owner | Rojas Rochelle | $180,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2014 09/30/14 | Sold | $359,500 | -50.0% | $131 / Sq Ft |
| 08/22/2014 08/22/14 | Pending | -- | -- | -- |
| 08/14/2014 08/14/14 | For Sale | $719,000 | -- | $261 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,363 | $16,637 | -- | -- |
| 2024 | $2,203 | $15,845 | -- | -- |
| 2023 | $2,203 | $48,950 | $9,790 | $39,160 |
| 2022 | $2,125 | $38,450 | $7,690 | $30,760 |
| 2021 | $2,109 | $36,430 | $7,280 | $29,150 |
| 2020 | $2,133 | $33,370 | $6,670 | $26,700 |
| 2019 | $2,130 | $32,150 | $6,430 | $25,720 |
| 2018 | $2,094 | $26,480 | $5,290 | $21,190 |
| 2017 | $2,045 | $27,970 | $5,590 | $22,380 |
| 2016 | $1,986 | $26,320 | $5,260 | $21,060 |
| 2015 | $1,838 | $21,760 | $4,350 | $17,410 |
Source: Public Records
Agents Affiliated with this Home
-
Natan Jacobs
-
Thomas Rizen
Buyer's Agent in 2014
Thomas Rizen
RAN Realty & Property Management
(480) 844-0600
24 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5157966
APN: 111-19-150
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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