1318 W Monroe St Phoenix, AZ 85007
Governmental Mall Neighborhood
3
Beds
3
Baths
2,198
Sq Ft
6,250
Sq Ft Lot
Highlights
- Guest House
- The property is located in a historic district
- No HOA
- Phoenix Coding Academy Rated A
- Main Floor Primary Bedroom
- Covered Patio or Porch
About This Home
As of December 2024Amazing opportunity for an investor. 3 dwellings, 2 of which have month to month leases and one with a lease terming soon. The main house has two 2/1 units, the unit in back is a 1/1. The unit shown is the mirror to the other half of the duplex. The third unit is on the back of the property. Easy to rent, awesome historic downtown Phoenix location. Reach out for details on how you can make this wise investment happen for you. Unit 1 has a lease that expires June 30th of 2025. The other two are month to month.
(Additional Listing Info)
*Monthly Rental income: Listed as $3950, or $4050, depending on what you consider to be the unit 3 rent based on this passage of the lease.
*Construction: the building is mostly stucco over brick. The only exterior frame is on the upper half of the back wall, where a sleeping porch was enclosed at some point in history.
*Floors - The units have a mix of historic hardwood and vinyl plank
*Cooling: The front units do have a central AC & heat pump (which are less than three years old and under warranty). The back bedrooms also have window units as well, but the primary AC is central cooling.
Last Agent to Sell the Property
Jason Mitchell Real Estate License #BR674491000 Listed on: 10/21/2024
Last Buyer's Agent
Non-MLS Agent
Non-MLS Office
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,157
Year Built
- Built in 1914
Lot Details
- 6,250 Sq Ft Lot
- Desert faces the front and back of the property
- Chain Link Fence
Parking
- 1 Open Parking Space
Home Design
- Twin Home
- Brick Exterior Construction
- Composition Roof
- Block Exterior
- Stucco
Interior Spaces
- 2,198 Sq Ft Home
- 2-Story Property
- Vinyl Flooring
- Eat-In Kitchen
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- 3 Bathrooms
Outdoor Features
- Covered Patio or Porch
- Outdoor Storage
Schools
- Phoenix Prep Academy Elementary And Middle School
- Trevor Browne High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Air
- Heating System Uses Natural Gas
- High Speed Internet
- Cable TV Available
Additional Features
- Guest House
- The property is located in a historic district
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number 112-03-066
Community Details
Overview
- No Home Owners Association
- Association fees include electricity, cable TV, roof replacement
- Woodland Place Subdivision
Amenities
- Coin Laundry
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 21, 2024
Closed on
Dec 11, 2024
Sold by
Odhner Jason A and Odhner Elizabeth C
Bought by
Ramsey Christopher and Ramsey Naomi
Seller's Agent
Somone Wilder
Jason Mitchell Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$599,999
Sold Price
$507,750
Premium/Discount to List
-$92,249
-15.37%
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,680
Avg. Annual Appreciation
-2.54%
Original Mortgage
$406,200
Outstanding Balance
$404,797
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$94,272
Purchase Details
Closed on
Sep 7, 2021
Sold by
Odhner Jason A
Bought by
Odhner Jason A and Odhner Elizabeth C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,500
Interest Rate
2.1%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 2, 2013
Closed on
Sep 18, 2013
Sold by
Tri M0nroe Properties Llc
Bought by
Odhner Jason A
Seller's Agent
Kevin Kirkwood
KRK Realty, Incorporated
Buyer's Agent
Jesus Rodriguez
HomeSmart
List Price
$199,000
Sold Price
$180,000
Premium/Discount to List
-$19,000
-9.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%
Original Mortgage
$177,721
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 28, 2011
Sold by
Opdahl Derek
Bought by
Tri Monroe Properties Llc
Purchase Details
Closed on
Aug 10, 2010
Sold by
Kirkwood Kevin
Bought by
Opdahl Derek
Purchase Details
Closed on
Aug 5, 2010
Sold by
Opdahl Laura
Bought by
Opdahl Derek
Purchase Details
Closed on
May 18, 2010
Sold by
29 West Properties Llc
Bought by
Kirkwood Kevin
Purchase Details
Closed on
Oct 20, 2005
Sold by
Kirkwood Kevin
Bought by
29 West Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Sep 13, 2005
Sold by
Kirkwood Mia J
Bought by
Kirkwood Kevin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Feb 25, 2003
Sold by
Paskaru Shay and Ben Hur Inbar
Bought by
Pandil Nona
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
5.83%
Mortgage Type
Unknown
Purchase Details
Closed on
Apr 13, 1999
Sold by
Szajter Jan and Szajter Halina
Bought by
Paskaru Shay and Ben Hur Inbar
Similar Homes in Phoenix, AZ
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $507,750 | Az Title Agency | |
| Warranty Deed | $507,750 | Az Title Agency | |
| Interfamily Deed Transfer | -- | Security Title Agency Inc | |
| Warranty Deed | $181,000 | Empire West Title Agency | |
| Warranty Deed | -- | None Available | |
| Cash Sale Deed | $83,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | Land Title Agency Of Az Inc | |
| Warranty Deed | $295,000 | Land Title Agency Of Az Inc | |
| Warranty Deed | $165,000 | Arizona Title Agency Inc | |
| Cash Sale Deed | $48,000 | Grand Canyon Title Agency In |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $406,200 | New Conventional | |
| Closed | $406,200 | New Conventional | |
| Previous Owner | $150,500 | New Conventional | |
| Previous Owner | $177,721 | FHA | |
| Previous Owner | $236,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $10,000 | Unknown | |
| Previous Owner | $132,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/27/2024 12/27/24 | Sold | $507,750 | 0.0% | $231 / Sq Ft |
| 12/27/2024 12/27/24 | Sold | $507,750 | -15.4% | $976 / Sq Ft |
| 12/20/2024 12/20/24 | Price Changed | $599,999 | 0.0% | $1,154 / Sq Ft |
| 12/20/2024 12/20/24 | Price Changed | $599,999 | 0.0% | $273 / Sq Ft |
| 11/24/2024 11/24/24 | Pending | -- | -- | -- |
| 11/24/2024 11/24/24 | Pending | -- | -- | -- |
| 10/21/2024 10/21/24 | For Sale | $599,999 | 0.0% | $273 / Sq Ft |
| 10/21/2024 10/21/24 | For Sale | $599,999 | +233.3% | $1,154 / Sq Ft |
| 09/20/2013 09/20/13 | Sold | $180,000 | -9.5% | $346 / Sq Ft |
| 08/10/2013 08/10/13 | Pending | -- | -- | -- |
| 06/30/2013 06/30/13 | For Sale | $199,000 | -- | $383 / 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 | $1,157 | $8,654 | -- | -- |
| 2024 | $1,146 | $8,242 | -- | -- |
| 2023 | $1,146 | $39,120 | $7,820 | $31,300 |
| 2022 | $1,105 | $31,800 | $6,360 | $25,440 |
| 2021 | $1,097 | $29,820 | $5,960 | $23,860 |
| 2020 | $1,110 | $26,670 | $5,330 | $21,340 |
| 2019 | $1,108 | $23,210 | $4,640 | $18,570 |
| 2018 | $1,089 | $17,320 | $3,460 | $13,860 |
| 2017 | $1,064 | $15,160 | $3,030 | $12,130 |
| 2016 | $1,033 | $11,930 | $2,380 | $9,550 |
| 2015 | $956 | $6,370 | $1,270 | $5,100 |
Source: Public Records
Agents Affiliated with this Home
-
Somone Wilder
Seller's Agent in 2024
Somone Wilder
Jason Mitchell Real Estate
(602) 696-7859
5 in this area
697 Total Sales
-
N
Buyer's Agent in 2024
Non-MLS Agent
Non-MLS Office
-
Kevin Kirkwood
Seller's Agent in 2013
Kevin Kirkwood
KRK Realty, Incorporated
(480) 361-5202
15 Total Sales
-
J
Buyer's Agent in 2013
Jesus Rodriguez
HomeSmart
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6773552
APN: 112-03-066
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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