E
Seller's Agent in 2019
Emily Weaver
Open House Realty
(623) 204-5454
1 in this area
17 Total Sales
1318 S 1st Ave Unit 2 Phoenix, AZ 85003
Central City NeighborhoodEstimated Value: $263,000 - $392,000
--
Bed
2
Baths
700
Sq Ft
$441/Sq Ft
Est. Value
Highlights
- Multiple cooling system units
- Ceramic Tile Flooring
- Ceiling Fan
- Phoenix Coding Academy Rated A
- Central Heating and Cooling System
About This Home
As of September 2019Great location right off downtown! Close to the light rail, bus lines and many opportunities. This duplex was remodeled in 2017. Which included exterior/interior paint, granite counter tops, rebuilt cabinets, tiled showers, tile and laminate floors, bathroom vanities, RV gate, AC units, stone work to the face of the property and front doors. Units are separately metered for APS , include indoor laundry and has a private backyard area. Both units are occupied and leases contain 6% escalator clauses.
Last Agent to Sell the Property
Open House Realty License #SA668881000 Listed on: 04/26/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $469
Year Built
- Built in 1936
Lot Details
- 6,098
Parking
- On-Street Parking
Home Design
- Foam Roof
- Stucco
- Adobe
Interior Spaces
- Ceiling Fan
Flooring
- Ceramic Tile
- Vinyl
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Multiple Heating Units
- Individual Controls for Heating
Listing and Financial Details
- Tenant pays for gas, electricity, cable TV, landscaping
- The owner pays for trash collection, water, sewer
- Legal Lot and Block 5 / 6
- Assessor Parcel Number 112-35-070
Community Details
Overview
- 2 Units
- Building Dimensions are 6100
- Tait Place Subdivision
Building Details
- Operating Expense $2,333
- Gross Income $18,216
- Net Operating Income $15,883
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 18, 2025
Sold by
Sfr Rs Owner Lp
Bought by
Oconnell Christopher
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,150
Outstanding Balance
$237,150
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$71,723
Purchase Details
Closed on
Feb 13, 2025
Sold by
Star 2021-Sfr1 Borrower Lp
Bought by
Sfr Rs Owner Lp
Purchase Details
Closed on
Mar 10, 2021
Sold by
Rs Phoenix Owner 2 Lp
Bought by
Star 2021-Sfr1 Borrower Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,524,000
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
Apr 26, 2019
Closed on
Sep 11, 2019
Sold by
Pure Velocity Llc
Bought by
Rs Phoenix Owner 2 L P
Seller's Agent
Emily Weaver
Open House Realty
Buyer's Agent
Scott Graden
GNS Realty- AZ, LLC
List Price
$199,000
Sold Price
$187,000
Premium/Discount to List
-$12,000
-6.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
Purchase Details
Closed on
Oct 3, 2016
Sold by
Tradewinds Capital Fund Ii Llc
Bought by
Pure Velocity Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,250
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 27, 2016
Sold by
Garcia Albert
Bought by
Tradewinds Capital Fund Ii Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,250
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 8, 2016
Sold by
Nicole Brown Pllc
Bought by
Garcia Albert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,250
Interest Rate
3.97%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 19, 2016
Sold by
Nicole Brown Pllc and Nguyen Huyen Thi
Bought by
Nicole Brown Pllc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,250
Interest Rate
3.97%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 20, 2014
Sold by
Nicole Brown Pllc
Bought by
Nicole Brown Pllc and Nguyen Huyen Thi
Purchase Details
Closed on
Sep 25, 2013
Sold by
Powerhouse Investment Group Llc
Bought by
Nicole Brown Pllc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 11, 2013
Sold by
Terrys Real Estate Investments Llc
Bought by
Powerhouse Investments Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 20, 2006
Sold by
Lewis Oscar
Bought by
Lewis Oscar and Lewis Victoria A
Purchase Details
Closed on
Jul 27, 1985
Sold by
Lewis Enriqueta C
Bought by
Lewis Vicki
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 |
|---|---|---|---|
| Oconnell Christopher | $279,000 | Stewart Title | |
| Sfr Rs Owner Lp | -- | Stewart Title | |
| Star 2021-Sfr1 Borrower Lp | -- | New Title Company Name | |
| Rs Phoenix Owner 2 L P | $187,000 | Magnus Title Agency Llc | |
| Pure Velocity Llc | $84,250 | Grand Canyon Title Agency | |
| Tradewinds Capital Fund Ii Llc | $104,250 | None Available | |
| Garcia Albert | $139,000 | Stewart Title | |
| Nicole Brown Pllc | -- | None Available | |
| Nicole Brown Pllc | -- | None Available | |
| Nicole Brown Pllc | $40,000 | Pioneer Title Agency Inc | |
| Powerhouse Investments Group Llc | $33,000 | Pioneer Title Agency Inc | |
| Terrys Real Estate Investments Llc | $19,000 | Pioneer Title Agency Inc | |
| Lewis Oscar | -- | None Available | |
| Lewis Vicki | -- | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Oconnell Christopher | $237,150 | |
| Previous Owner | Star 2021-Sfr1 Borrower Lp | $312,524,000 | |
| Previous Owner | Pure Velocity Llc | $84,250 | |
| Previous Owner | Garcia Albert | $104,250 | |
| Previous Owner | Nicole Brown Pllc | $30,000 | |
| Previous Owner | Terrys Real Estate Investments Llc | $28,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/17/2019 09/17/19 | Sold | $187,000 | -4.6% | $267 / Sq Ft |
| 07/24/2019 07/24/19 | Price Changed | $196,000 | -1.5% | $280 / Sq Ft |
| 04/26/2019 04/26/19 | For Sale | $199,000 | -- | $284 / 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 | $529 | $3,724 | -- | -- |
| 2024 | $493 | $3,547 | -- | -- |
| 2023 | $493 | $18,410 | $3,680 | $14,730 |
| 2022 | $476 | $12,980 | $2,590 | $10,390 |
| 2021 | $472 | $10,770 | $2,150 | $8,620 |
| 2020 | $478 | $7,810 | $1,560 | $6,250 |
| 2019 | $477 | $7,460 | $1,490 | $5,970 |
| 2018 | $469 | $6,670 | $1,330 | $5,340 |
| 2017 | $458 | $6,080 | $1,210 | $4,870 |
| 2016 | $445 | $4,410 | $880 | $3,530 |
| 2015 | $411 | $3,870 | $770 | $3,100 |
Source: Public Records
Agents Affiliated with this Home
-
Emily Weaver
-
Scott Graden
Buyer's Agent in 2019
Scott Graden
GNS Realty- AZ, LLC
(480) 868-2946
21 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5917260
APN: 112-35-070
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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