K
Seller's Agent in 2020
Kevin Kludy
Wealth Builder Real Estate Services
(480) 807-3493
7 Total Sales
1322 E Madison St Phoenix, AZ 85034
Garfield NeighborhoodEstimated Value: $503,000 - $952,000
Studio
--
Bath
1,242
Sq Ft
$619/Sq Ft
Est. Value
Highlights
- Cooling Available
- 4-minute walk to 12Th St/Jefferson
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of July 2020This is a great opportunity to own a fourplex with two buildings in super redeveloping area. All units are 2 bed /1 bath with long term tenants. Current rents are well below market allowing lots of upside potential. Conveniently located near many businesses, a block from light rail stop and short walk to Chase Field. This will be a money maker.
Last Agent to Sell the Property
Wealth Builder Real Estate Services License #BR526245000 Listed on: 04/01/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,245
Year Built
- Built in 1985
Lot Details
- 7,013
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Schools
- Garfield Elementary And Middle School
- North High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer
- Legal Lot and Block 18 / 19
- Assessor Parcel Number 116-47-061
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are IRR
- Collins Phoenix Blks 23 26, 17, 27 Subdivision
Building Details
- Operating Expense $5,605
- Gross Income $24,480
- Net Operating Income $19,075
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 17, 2020
Sold by
Yellowtail Management Llc
Bought by
Pilgrim Renaissance Development Llc
Current Estimated Value
Purchase Details
Listed on
Apr 1, 2020
Closed on
Jul 16, 2020
Sold by
Sell Simple Llc
Bought by
Yellowtail Management Llc
Seller's Agent
Kevin Kludy
Wealth Builder Real Estate Services
Buyer's Agent
Joseph Scarpignato
Phoenician Properties Realty
List Price
$399,000
Sold Price
$340,000
Premium/Discount to List
-$59,000
-14.79%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.09%
Purchase Details
Listed on
Apr 1, 2020
Closed on
Jul 15, 2020
Sold by
Karpinski Maureen and Kirkpatrick Joyce
Bought by
Sell Simple Llc
Seller's Agent
Kevin Kludy
Wealth Builder Real Estate Services
Buyer's Agent
Joseph Scarpignato
Phoenician Properties Realty
List Price
$399,000
Sold Price
$340,000
Premium/Discount to List
-$59,000
-14.79%
Purchase Details
Closed on
Jun 5, 2017
Sold by
Karpinski Stephen
Bought by
Karpinski Maurcen
Purchase Details
Closed on
May 19, 2017
Sold by
Karpinski Stephen
Bought by
Karpinski Stephen and Karpinski Maureen
Purchase Details
Closed on
May 20, 2009
Sold by
Brown Teddie Sue
Bought by
Brown Teddie Sue and M J Buck & Teddie Sue Brown Revocable Tr
Purchase Details
Closed on
Mar 11, 2008
Sold by
Karpinski Maureen
Bought by
Karpinski Stephen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 28, 2008
Sold by
1322 Madison Property Holdings Llc
Bought by
Karpinski Stephen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 12, 2005
Sold by
Lemons Lisa and Lemons Ward
Bought by
1322 Madison Property Holdings Llc
Purchase Details
Closed on
Nov 30, 2004
Sold by
Lepont Jeanette
Bought by
Lemons Ward and Lemons Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 7, 2001
Sold by
Duran Fred and Duran Cheryl A
Bought by
Lepont Jeannette
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
6.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 11, 1999
Sold by
Mckinney Mark O
Bought by
Duran Fred and Duran Cheryl A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,100
Interest Rate
7.01%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 16, 1999
Sold by
Lipe Kevin V
Bought by
Mckinney Mark O
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,100
Interest Rate
7.01%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 2, 1998
Sold by
Voss Ronald R and Voss Sharon L
Bought by
Lipe Kevin
Purchase Details
Closed on
Aug 28, 1998
Sold by
Lipe Isabella A
Bought by
Lipe Kevin
Purchase Details
Closed on
Aug 19, 1998
Sold by
Apartments Apartments Inc
Bought by
Voss Ronald R and Voss Sharon L
Purchase Details
Closed on
Jan 19, 1998
Sold by
Apartment Apartments Inc
Bought by
Seyrafi Sherwin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
11.5%
Purchase Details
Closed on
Jun 15, 1995
Sold by
Citicorp Mtg Inc
Bought by
Apartments Apartments Inc
Purchase Details
Closed on
Apr 20, 1995
Sold by
Williams Edward L
Bought by
Norwest Bank Az
Purchase Details
Closed on
Jun 24, 1994
Sold by
Williams Ed L and Williams Edward L
Bought by
Rowden Eulis B and Rowden Pamela S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,855
Interest Rate
8.53%
Mortgage Type
Seller Take Back
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pilgrim Renaissance Development Llc | $650,000 | Pioneer Title Agency Inc | |
| Yellowtail Management Llc | $369,000 | Pioneer Title Agency Inc | |
| Sell Simple Llc | $340,000 | Pioneer Title Agency Inc | |
| Karpinski Maurcen | -- | None Available | |
| Karpinski Stephen | -- | None Available | |
| Brown Teddie Sue | -- | None Available | |
| Karpinski Stephen | -- | Title Management Agency Of A | |
| Karpinski Stephen | $235,000 | Title Management Agency Of A | |
| 1322 Madison Property Holdings Llc | -- | -- | |
| Lemons Ward | $216,300 | Transnation Title | |
| Lepont Jeannette | $136,000 | Security Title Agency | |
| Duran Fred | $79,000 | Security Title Agency | |
| Mckinney Mark O | -- | Security Title Agency | |
| Lipe Kevin | $52,500 | Nations Title Insurance | |
| Lipe Kevin | -- | Nations Title Insurance | |
| Voss Ronald R | -- | -- | |
| Seyrafi Sherwin | -- | Nations Title Insurance | |
| Apartments Apartments Inc | $17,000 | Stewart Title & Trust | |
| Norwest Bank Az | -- | First Southwestern Title | |
| Rowden Eulis B | $56,855 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Karpinski Stephen | $188,000 | |
| Previous Owner | Karpinski Stephen | $188,000 | |
| Previous Owner | Lemons Ward | $173,000 | |
| Previous Owner | Lepont Jeannette | $122,400 | |
| Previous Owner | Duran Fred | $71,100 | |
| Previous Owner | Seyrafi Sherwin | $54,000 | |
| Previous Owner | Rowden Eulis B | $51,855 | |
| Closed | Lemons Ward | $43,300 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/17/2020 07/17/20 | Sold | $340,000 | -14.8% | $274 / Sq Ft |
| 07/08/2020 07/08/20 | For Sale | $399,000 | +17.4% | $321 / Sq Ft |
| 07/02/2020 07/02/20 | Pending | -- | -- | -- |
| 07/01/2020 07/01/20 | Off Market | $340,000 | -- | -- |
| 06/18/2020 06/18/20 | Pending | -- | -- | -- |
| 06/11/2020 06/11/20 | For Sale | $399,000 | +17.4% | $321 / Sq Ft |
| 04/23/2020 04/23/20 | Off Market | $340,000 | -- | -- |
| 04/07/2020 04/07/20 | Pending | -- | -- | -- |
| 03/31/2020 03/31/20 | For Sale | $399,000 | -- | $321 / 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 | $968 | $9,725 | -- | -- |
| 2024 | $1,288 | $9,262 | -- | -- |
| 2023 | $1,288 | $40,280 | $8,050 | $32,230 |
| 2022 | $1,242 | $27,070 | $5,410 | $21,660 |
| 2021 | $1,233 | $22,370 | $4,470 | $17,900 |
| 2020 | $1,247 | $21,520 | $4,300 | $17,220 |
| 2019 | $1,245 | $16,850 | $3,370 | $13,480 |
| 2018 | $1,224 | $12,570 | $2,510 | $10,060 |
| 2017 | $1,195 | $11,660 | $2,330 | $9,330 |
| 2016 | $1,161 | $9,250 | $1,850 | $7,400 |
| 2015 | $1,074 | $8,620 | $1,720 | $6,900 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Kludy
-
Joseph Scarpignato
Buyer's Agent in 2020
Joseph Scarpignato
Phoenician Properties Realty
(602) 317-3200
41 Total Sales
-
J
Buyer's Agent in 2020
Joseph Scarp
Phoenician Fine Properties
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6059517
APN: 116-47-061
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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