NOT LISTED FOR SALE

1317 W Mcdowell Rd Phoenix, AZ 85007

Story Neighborhood

Estimated Value: $673,000 - $1,116,000

Studio
-- Bath
2,754 Sq Ft
$300/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2014

Last sale price $359,500 $131 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $4,579 / mo

8 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Fenced
  • Phoenix Coding Academy Rated A
  • Desert Landscape
  • Heating Available

About This Home

As of September 2014

MODE 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

Natan Jacobs

Vestis Group License #BR525576000 Listed on: 08/14/2014

Last Buyer's Agent

Thomas Rizen

RAN Realty & Property Management License #BR006348000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,966

Year Built

  • Built in 1945

Lot Details

  • Fenced
  • Desert Landscape
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Parking Spaces
  • Carport
  • Parking Available

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • The owner pays for water, sewer, trash collection, 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

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Operating Expense $25,119
  • Gross Income $73,983
  • Net Operating Income $49,257

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,966

Year Built

Built in 1945

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: McDowell Road / 7th Avenue
  • Property Type: Multiple Dwellings
  • Zoning: R-5, Phoenix
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2013
  • Professional Management Expense: 4946.0
  • Subdivision Name: FQ Story Historic District Phoenix Arizona USA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Microwave

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Brick, Slump Block, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 8.0

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Varies by Unit
  • Heating: Electric, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 99 FT x 156 FT
  • Additional Parcels: Yes
  • Parcel #: 111-19-150

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Gas, Cable TV
  • Number Of Units Total: 8
  • Annual Gross Income: 73983.0
  • Insurance Expense: 2000.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 49257.0
  • Annual Operating Expense: 25119.36
  • Vacancy Allowance Rate: 0.09

Tax Info

  • Tax Annual Amount: 2966.36
  • Tax Book Number: 111.0
  • Tax Lot: 5

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
$826,486

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
7.44%
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
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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

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

  • N

    Seller's Agent in 2014

    Natan Jacobs

    Vestis Group

  • Thomas Rizen

    Buyer's Agent in 2014

    Thomas Rizen

    RAN Realty & Property Management

    (480) 844-0600

    23 Total Sales

    Thomas Rizen
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5157966

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-19-150

Arizona Maricopa County Phoenix 85007 Story

1317 W Mcdowell Rd, Phoenix, AZ

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.