NOT LISTED FOR SALE

1321 W Mcdowell Rd Phoenix, AZ 85007

Story Neighborhood

Estimated Value: $764,000 - $1,144,000

-- Bed
-- Bath
2,754 Sq Ft
$319/Sq Ft Est. Value

Last Sold June 28, 2013

Last sale price $162,500 $59 Per Sq Ft

Est. 441% increase in value since last sale

Current estimated payment $4,853/month

13 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Floor Furnace
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of June 2013

A Rare Find. Two 4 plexes to be sold together to equal one 8 plex in Historic FQ Story. Near Downtown, Large 2 BR units are approx 686 SF. All units have private storage in carport area. Onsite coin laundry, covered parking. Charming Spanish Revival with tile roof, courtyard style complex, nicely landscaped.most units have been remodeld. (Units do not face McDowell)Must be sold together with 1317 W. McDowell. The two properties have one master gas meter, 2 master water meters, and separate electric meters. Great cash flow potential

Last Agent to Sell the Property

Ernestine Griego

HomeSmart License #SA510761000 Listed on: 05/16/2013

Last Buyer's Agent

Barney Feldman

Pinnacle Real Estate & Investments License #BR003911000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,511

Year Built

  • Built in 1945

Lot Details

  • Property fronts an alley

Home Design

  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Kenilworth Elementary School
  • Phoenix Prep Academy Middle School
  • Central High School

Utilities

  • Evaporated cooling system
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 111-19-151

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7274
  • Story Addition Plat D Subdivision

Building Details

  • Operating Expense $1,511

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,511

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: 7TH AVE/McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2012
  • Directions: West On McDowell to property on south side- best access 13th Ave to alley. OK park under covered parking.
  • Road Frontage Type: Alley
  • Road Surface Type: Sidewalk(s)
  • Subdivision Name: STORY ADDITION Plat D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Evaporative Cooling, Ceiling Fan(s)
  • Heating: Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 7274
  • Additional Parcels: No
  • Parcel #: 111-19-151

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 1511.32

Tax Info

  • Tax Annual Amount: 1511.32
  • Tax Book Number: 111.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2020
Sold by
Moez Virani
Bought by
Sofar Properties Llc
Total Days on Market
13
Current Estimated Value
$879,581

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
Apr 20, 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

Closed on
Oct 14, 2014
Sold by
Virani Moez R and Virani Vivienne
Bought by
Sofar 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
$251,650
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2014
Sold by
Pinnacle Az Development Lllp
Bought by
Virani Moez R and Virani Vivienne

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
4.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2013
Closed on
Jun 26, 2013
Sold by
Griego Ernestine
Bought by
Pinnacle Az Development Lllp
Seller's Agent
Ernestine Griego
HomeSmart
Buyer's Agent
Barney Feldman
Pinnacle Real Estate & Investments
List Price
$199,800
Sold Price
$162,500
Premium/Discount to List
-$37,300
-18.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.17%
Original Mortgage
$299,800
Interest Rate
3.79%
Mortgage Type
Purchase Money Mortgage

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
Mar 29, 2012
Sold by
Debra Apts Llc
Bought by
Consortium Investment Group Inc

Purchase Details

Closed on
Sep 13, 2010
Sold by
Destefano Thomas C and Destefano Nancy A
Bought by
Debra Apts Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
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 Insu
Pinnacle Az Development Lllp $325,000 Chicago Title Agency Inc
Rojas Rochelle $180,000 American Title Service Agenc
Consortium Investment Group Inc $145,000 Stewart Title & Trust Of Pho
Debra Apts Llc -- None Available
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 Virani Moez R $251,650
Previous Owner Pinnacle Az Development Lllp $299,800
Previous Owner Pinnacle Az Development Llc $299,800
Previous Owner Rojas Rochelle $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2013 06/28/13 Sold $162,500 -18.7% $59 / Sq Ft
05/29/2013 05/29/13 Pending -- -- --
05/16/2013 05/16/13 For Sale $199,800 -- $73 / 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 $2,225 $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

  • E

    Seller's Agent in 2013

    Ernestine Griego

    HomeSmart

    Section Image
  • Barney Feldman

    Buyer's Agent in 2013

    Barney Feldman

    Pinnacle Real Estate & Investments

    (480) 797-2719

    2 Total Sales

    Barney Feldman
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4937886

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-19-151

Arizona Maricopa County Phoenix 85007 Story

1321 W Mcdowell Rd, Phoenix, AZ

This home is located at 1321 W Mcdowell Rd, Phoenix, AZ 85007 since 16 May 2013 and is currently estimated at $879,581, approximately $319 per square foot. This property was built in 1945. 1321 W Mcdowell Rd is a home located in Maricopa County with nearby schools including Kenilworth Elementary School, Phoenix Coding Academy, and Central High School.

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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