NOT LISTED FOR SALE

1329 E Cinnabar Ave Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $542,000 - $590,000

-- Bed
4 Baths
-- Sq Ft
1960 Built

Last Sold February 12, 2025

Last sale price $560,000

Est. 1% increase in value since last sale

Current estimated payment $3,176/month

50 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • 2-minute walk to Sunnyslope Rock Garden
  • Sunnyslope High School Rated A
  • Individual Controls for Heating

About This Home

As of February 2025

1329 E Cinnabar Ave offers a great investment opportunity nestled in the Sunnyslope Submarket. This multifamily property has five units across four buildings and all units have private backyards. The unit mix varies from one-, two-, and three- bedroom configurations. This property is bank owned, and 100% occupied.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 10/30/2024

Co-Listed By

Jake Vice

R.O.I. Properties License #SA697209000

Last Buyer's Agent

Reuben Nach

R.O.I. Properties License #SA687040000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,486

Year Built

  • Built in 1960

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Wood
  • Vinyl

Parking

  • 12 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • On-Street Parking

Schools

  • Sunnyslope High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 159-30-042-C

Community Details

Overview

  • 4 Buildings
  • 5 Units
  • Building Dimensions are 156.98' by 166.10'
  • Mountain Home Tract Lots 17 Thru 24 41 Thru 48 Subdivision

Building Details

  • Operating Expense $2,486

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,486

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: N Cave Creek Rd & E Cinnabar Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2024
  • Road Surface Type: Dirt, Asphalt
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: MOUNTAIN HOME TRACT LOTS 17 THRU 24 41 THRU 48
  • Tax Parcel Letter: C
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Wood
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: >1 Space Per Unit, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, SRP, Individual Meter, Solar
  • Cooling: Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 156.98' by 166.10'
  • Additional Parcels: No
  • Parcel #: 159-30-042-C

Multi Family

  • Owner Pays: Other, See Remarks
  • Number Of Units Total: 5
  • Annual Operating Expense: 2486.0

Tax Info

  • Tax Annual Amount: 2486.0
  • Tax Book Number: 159.00
  • Tax Lot: 37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2024
Closed on
Dec 26, 2024
Sold by
Crown Investment Company
Bought by
Ten Street Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Reuben Nach
R.O.I. Properties
List Price
$850,000
Sold Price
$560,000
Premium/Discount to List
-$290,000
-34.12%
Views
14
Current Estimated Value
$565,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,049
Avg. Annual Appreciation
1.04%

Purchase Details

Closed on
Oct 16, 2024
Sold by
Lishko Andrew S
Bought by
Crown Investment Company

Purchase Details

Closed on
Oct 4, 2022
Sold by
Kirkland Charles
Bought by
Kirkland Charles and Kirkland-Lopez George

Purchase Details

Closed on
Mar 9, 2018
Sold by
Green Home Rentals Llc
Bought by
Green Home Rentals Llc

Purchase Details

Closed on
Mar 7, 2018
Sold by
Green Home Rentals Llc
Bought by
Green Home Rentals Llc

Purchase Details

Listed on
Mar 6, 2015
Closed on
Feb 13, 2015
Sold by
Property At Cinnabar Llc
Bought by
Green Home Rentals Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$209,000
Sold Price
$195,000
Premium/Discount to List
-$14,000
-6.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.33%

Purchase Details

Closed on
Jan 23, 2012
Sold by
Investors Financial Limited Partnership
Bought by
Jackson Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,500
Interest Rate
3.88%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 18, 2009
Sold by
Investors Financial Limited Partnership
Bought by
Cinnabar Ranch Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.88%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 25, 2004
Sold by
Erickson Pearson Loreen and Erickson Loreen
Bought by
Ju Sung Cheol and Ju Soo Hyun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.29%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 31, 2001
Sold by
Smith Robert D
Bought by
Erickson Loreen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ten Street Llc $560,000 Landmark Title Assurance Agenc
Crown Investment Company $580,110 None Listed On Document
Kirkland Charles -- None Listed On Document
Green Home Rentals Llc -- None Available
Green Home Rentals Llc -- None Available
Green Home Rentals Llc $195,000 Chicago Title Agency Inc
Jackson Frank $151,000 Chicago Title Agency Inc
Cinnabar Ranch Llc $160,000 Security Title Agency
Ju Sung Cheol $330,000 Capital Title Agency Inc
Erickson Loreen $50,000 Capital Title Agency
Erickson Loreen $120,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jackson Frank $149,500
Previous Owner Cinnabar Ranch Llc $160,000
Previous Owner Ju Sung Cheol $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/12/2025 02/12/25 Sold $560,000 -34.1% --
12/19/2024 12/19/24 Pending -- -- --
10/30/2024 10/30/24 For Sale $850,000 +335.9% --
03/05/2015 03/05/15 Sold $195,000 -6.7% -- View Prior Sale
03/05/2015 03/05/15 Pending -- -- --
03/05/2015 03/05/15 For Sale $209,000 -- --
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 $2,583 $20,330 -- --
2024 $2,441 $19,362 -- --
2023 $2,441 $48,220 $9,640 $38,580
2022 $2,362 $32,950 $6,590 $26,360
2021 $2,392 $27,750 $5,550 $22,200
2020 $2,332 $24,470 $4,890 $19,580
2019 $2,290 $21,070 $4,210 $16,860
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2025

    Beth Jo Zeitzer

    R.O.I. Properties

    Section Image
  • Jake Vice

    Seller Co-Listing Agent in 2025

    Jake Vice

    R.O.I. Properties

    (480) 273-0212

    2 in this area

    45 Total Sales

    Jake Vice
    Section Image
  • Reuben Nach

    Buyer's Agent in 2025

    Reuben Nach

    R.O.I. Properties

    (602) 319-1326

    12 in this area

    49 Total Sales

    Reuben Nach
    Section Image

  • L

    Seller's Agent in 2015

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6779502

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-30-042C

Arizona Maricopa County Phoenix 85020 North Central

1329 E Cinnabar Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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