NOT LISTED FOR SALE

Estimated Value: $347,000 - $442,609

-- Bed
-- Bath
1,186 Sq Ft
$338/Sq Ft Est. Value

Last Sold June 18, 2024

Last sale price $330,000 $278 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,178/month

44 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Ceiling Fan
  • 5-minute walk to Hu-O-Te Mini Park

About This Home

As of June 2024

This charming historical triplex with R-5 zoning is seated in the heart of the Grand Avenue Arts District, and is a special and rare opportunity for an investor, or an owner occupant, to plant roots in a community that is both vibrant, and growing. 1320 W Fillmore is walking distance from the main Grand Ave art walk street full of galleries, restaurants, unique retail stores, makers' studios, salons, and boutiques.
This 1920s built bungalow features historical details that make it stand out, including 10 ft ceilings, a deep front porch visiting area, beautiful original pine hardwood flooring, cast iron claw foot tub, paneled hardwood doors with original hardware, and historic sash windows t/o. Modernized upgrades and updates include totally updated electrical and plumbing, newer roof (2020), stainless steel appliances, newer insulation (2012), newer Trane AC unit (on Unit A, other HVACs are serviced regularly), ceiling fans, breeze security doors, stainless steel countertops, gas range (Unit B), pantry storage and kitchen island (Unit B), walk-in closets, newer water heater, and dedicated, secured on-site laundry room that all tenants share. The property currently has 6 on property parking spaces, on a 9,345 sq ft lot, with plenty of room to add additional parking, storage, or other units if desired. Each unit is individually metered for electrical, and the landlord pays water, sewer and trash (around $135 a month). Unit B is the sole unit with gas, and pays for their own usage. There is also a locking, secured mailbox on site for each tenant. Units A and B are downstairs with similar footprints (589sf, and 596sf respectively), however Unit A has an additional office/pass through bedroom. Unit C is a upstairs modern loft style 559sf studio with incredible view of the Phoenix skyline. All tenants are on month to month leases. If you have ever considered starting a rental portfolio, or expanding the one you already have, this one would make an exceptional, unique addition for any investor!

Last Agent to Sell the Property

Camille Hartmetz

Brokers Hub Realty, LLC License #SA634769000 Listed on: 03/16/2024

Last Buyer's Agent

Samantha Flatland

Keller Williams Realty Phoenix License #SA686841000

Keller Williams Realty Phoenix

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $647

Year Built

  • Built in 1920

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 13
  • Assessor Parcel Number 111-27-157-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 69' x 134'
  • University Addition Subdivision

Building Details

  • Operating Expense $7,627
  • Gross Income $44,232
  • Net Operating Income $11,070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$647

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Cross Street: Grand Ave & 7th Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1920
  • Tax Year: 2023
  • Directions: From Grand Ave and 7th Ave heading NorthWest on Grand, turn left (west) onto Fillmore St, to 1320 W Fillmore on the right (north) side of the street. Street parking is open.
  • Road Surface Type: Asphalt
  • Subdivision Name: UNIVERSITY ADDITION
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances: Free-Standing Range, Other, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Appraisal
  • Construction Type: Wood Frame, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1680.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 69' x 134'
  • Additional Parcels: No
  • Parcel #: 111-27-157-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 44232.0
  • Insurance Expense: 1700.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 11070.0
  • Annual Operating Expense: 7627.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 647.0
  • Tax Book Number: 111.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2024
Closed on
Jun 18, 2024
Sold by
Watts Diana
Bought by
Flatland Samantha
Seller's Agent
Camille Hartmetz
Brokers Hub Realty, LLC
Buyer's Agent
Samantha Flatland
Keller Williams Realty Phoenix
List Price
$525,000
Sold Price
$330,000
Premium/Discount to List
-$195,000
-37.14%
Views
33
Current Estimated Value
$400,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,402
Avg. Annual Appreciation
16.17%
Original Mortgage
$313,500
Outstanding Balance
$309,650
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$90,752

Purchase Details

Closed on
Oct 2, 2023
Sold by
Watts Diana J
Bought by
Watts Diana J and Watts Jeffrey N

Purchase Details

Closed on
Jul 31, 2012
Sold by
Crow Nathan
Bought by
Freemon Alexandra and Watts Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,250
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2009
Sold by
Indymac Federal Bank Fsb
Bought by
Crow Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
5.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 4, 2008
Sold by
Keen Zeny R
Bought by
Indymac Federal Bank Fsb

Purchase Details

Closed on
Aug 3, 2007
Sold by
Keen Alfred G
Bought by
Keen Zeny Rodil

Purchase Details

Closed on
Aug 4, 2006
Sold by
Keen Zeny Rodil
Bought by
Lupera Llc

Purchase Details

Closed on
Jan 3, 2006
Sold by
Keen Alfred G
Bought by
Keen Zeny R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
6.16%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 12, 2004
Sold by
Vertes Kay S
Bought by
Vertes Keith

Purchase Details

Closed on
Sep 18, 2003
Sold by
Hernandez Samuel and Hernandez Mellissa
Bought by
Jackson Pamela C

Purchase Details

Closed on
Jan 29, 2003
Sold by
Jackson Pamela C
Bought by
Hernandez Samuel and Hernandez Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,928
Interest Rate
5.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 8, 2002
Sold by
Jackson Robert
Bought by
Jackson Pamela C
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Flatland Samantha $330,000 Wfg National Title Insurance C
Watts Diana J -- None Listed On Document
Freemon Alexandra $131,000 Chicago Title Agency Inc
Crow Nathan $78,000 Lsi Title Agency
Indymac Federal Bank Fsb $101,431 None Available
Keen Zeny Rodil -- None Available
Keen Zeny Rodil -- None Available
Lupera Llc $240,000 Security Title Agency Inc
Keen Zeny R -- Security Title Agency Inc
Keen Zeny R $240,000 Security Title Agency Inc
Vertes Keith -- First American Title Ins Co
Summers Scott $100,000 First American Title Ins Co
Jackson Pamela C $108,400 First American Title
Hernandez Samuel $150,000 First American Title Ins Co
Jackson Pamela C $79,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flatland Samantha $313,500
Previous Owner Freemon Alexandra $98,250
Previous Owner Crow Nathan $58,500
Previous Owner Keen Zeny R $48,000
Previous Owner Hernandez Samuel $150,928
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $330,000 -37.1% $278 / Sq Ft
06/15/2024 06/15/24 Price Changed $525,000 0.0% $443 / Sq Ft
05/22/2024 05/22/24 Price Changed $525,000 0.0% $443 / Sq Ft
05/14/2024 05/14/24 Price Changed $525,000 0.0% $443 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/14/2024 04/14/24 Pending -- -- --
04/13/2024 04/13/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $525,000 0.0% $443 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
03/16/2024 03/16/24 For Sale $525,000 +300.8% $443 / Sq Ft
10/22/2012 10/22/12 Sold $131,000 +1.6% $110 / Sq Ft
07/04/2012 07/04/12 Pending -- -- --
05/21/2012 05/21/12 For Sale $129,000 -- $109 / 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 $654 $4,887 -- --
2024 $647 $4,655 -- --
2023 $647 $22,560 $4,510 $18,050
2022 $624 $16,430 $3,280 $13,150
2021 $620 $16,650 $3,330 $13,320
2020 $627 $14,520 $2,900 $11,620
2019 $626 $10,920 $2,180 $8,740
2018 $615 $9,710 $1,940 $7,770
2017 $601 $8,330 $1,660 $6,670
2016 $583 $7,100 $1,420 $5,680
2015 $540 $5,660 $1,130 $4,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6678188

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-27-157A