NOT LISTED FOR SALE

1317 W Monroe St Unit B Phoenix, AZ 85007

Governmental Mall Neighborhood

Estimated Value: $512,000 - $715,124

Studio
4 Baths
450 Sq Ft
$1,395/Sq Ft Est. Value

Last Sold May 19, 2022

Last sale price $650,000 $1,444 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,379/month

192 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Floor Furnace
  • Magnet Traditional School Rated 9+

About This Home

As of May 2022

This is one of the properties that is cool and hip to live in. This is now FULLY occupied. Successful for the owner but they are moving up. Well kept and easy to manage. Downtown Phoenix and easy access to all venues and work places. Buyer to verify all facts and figures.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 11/05/2021

Last Buyer's Agent

Christopher Hendrick

Property For You Realty License #SA117136000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,284

Year Built

  • Built in 1926

Lot Details

  • 6,273

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 2 Parking Spaces
  • 1 Covered Space
  • On-Street Parking

Schools

  • Phoenix Prep Academy Elementary School

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace

Additional Features

  • Wood Flooring
  • Property fronts an alley

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 112-03-076

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 50' X 125'
  • Woodland Place Subdivision

Building Details

  • Operating Expense $6,784
  • Gross Income $27,121
  • Net Operating Income $20,337

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,284

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Cross Street: 13TH AVE & VAN BUREN
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1926
  • Tax Year: 2021
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: WOODLAND PLACE
  • Garage Yn: Yes
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Brick
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: On Street
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling, Window/Wall Unit
  • Heating: Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Phoenix Prep Academy
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 50' X 125'
  • Additional Parcels: No
  • Parcel #: 112-03-076

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 27121.2
  • Insurance Expense: 1500.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 20337.0
  • Annual Operating Expense: 6784.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1284.0
  • Tax Book Number: 112.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
May 15, 2022
Sold by
Keller Christian J and Keller Angela C
Bought by
Nguyen Brian
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Christopher Hendrick
Property For You Realty
List Price
$750,000
Sold Price
$650,000
Premium/Discount to List
-$100,000
-13.33%
Current Estimated Value
$627,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,469
Avg. Annual Appreciation
-0.95%

Purchase Details

Closed on
May 18, 2006
Sold by
Latkovski Alexius M
Bought by
Keller Christian J and Keller Angela C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2002
Sold by
Russell Gwendolyn
Bought by
Russell Donald Evan and Russell Don Evan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,837
Interest Rate
6.84%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 5, 2002
Sold by
Russell Donald Evan and Russell Don Evan
Bought by
Strahm Dennis P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,837
Interest Rate
6.84%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 11, 1997
Sold by
Russell William and Russell Kimberly
Bought by
Russell Don Evan

Purchase Details

Closed on
Jan 23, 1997
Sold by
Russell William
Bought by
Russell Don Evan
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
Nguyen Brian $650,000 New Title Company Name
Keller Christian J $282,500 Westland Title Agency
Russell Donald Evan -- Transnation Title Insurance
Strahm Dennis P $140,000 Transnation Title Insurance
Russell Don Evan -- --
Russell Don Evan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Keller Christian J $226,000
Previous Owner Strahm Dennis P $137,837
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2022 05/19/22 Sold $650,000 -10.3% $1,444 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/16/2022 05/16/22 Price Changed $725,000 0.0% $1,611 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
02/04/2022 02/04/22 Price Changed $725,000 -3.3% $1,611 / Sq Ft
11/05/2021 11/05/21 For Sale $750,000 -- $1,667 / 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 $1,438 $10,125 -- --
2024 $1,341 $9,643 -- --
2023 $1,341 $44,260 $8,850 $35,410
2022 $1,293 $35,920 $7,180 $28,740
2021 $1,284 $33,480 $6,690 $26,790
2020 $1,298 $30,160 $6,030 $24,130
2019 $1,296 $26,550 $5,310 $21,240
2018 $1,274 $19,900 $3,980 $15,920
2017 $1,244 $17,470 $3,490 $13,980
2016 $1,209 $13,850 $2,770 $11,080
2015 $1,119 $7,410 $1,480 $5,930
Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2022

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    2 in this area

    111 Total Sales

    Linda Gerchick
    Section Image
  • Christopher Hendrick

    Buyer's Agent in 2022

    Christopher Hendrick

    Property For You Realty

    (602) 989-7446

    1 in this area

    111 Total Sales

    Christopher Hendrick
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6317060

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-03-076

Arizona Maricopa County Phoenix 85007 Governmental Mall

1317 W Monroe St Unit B, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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