NOT LISTED FOR SALE

1331 E Moreland St Phoenix, AZ 85006

Garfield Neighborhood

Estimated Value: $540,000 - $552,000

-- Bed
2 Baths
895 Sq Ft
$610/Sq Ft Est. Value

Last Sold July 30, 2019

Last sale price $342,000 $382 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $3,004/month

111 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of July 2019

Amazing property in a great downtown location, near Roosevelt Row, renovated duplex and fully rented with long term quality tenants. Great cash flowing rental. Over 7% ROI!!! PLEASE DO NOT DISTURB THE TENANTS!

Last Agent to Sell the Property

Branka Knapp

Branka Realty, LLC License #BR630962000 Listed on: 03/07/2019

Last Buyer's Agent

Bev Wright

Preferred Property Consultants LLC License #BR117026000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,000

Year Built

  • Built in 1954

Lot Details

  • 7,100

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Phoenix Prep Academy Elementary And Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 5 / 1
  • Assessor Parcel Number 116-23-115

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7119
  • Rosemont Subdivision

Building Details

  • Operating Expense $2,840
  • Gross Income $27,360
  • Net Operating Income $24,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,000

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: 16th St & Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1954
  • Tax Year: 2018
  • Directions: North to Portland, West to 14th St, North to Moreland, West to property
  • Road Surface Type: Asphalt, Concrete, Sidewalk(s)
  • Subdivision Name: ROSEMONT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 961.0

Schools

  • Elementary School: Phoenix Prep Academy
  • High School: North High School
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 7119
  • Additional Parcels: No
  • Parcel #: 116-23-115

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 27360.0
  • Insurance Expense: 879.0
  • Property Net Operating Income: 24520.0
  • Annual Operating Expense: 2840.0

Tax Info

  • Tax Annual Amount: 1000.0
  • Tax Block: 1
  • Tax Book Number: 116.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2024
Sold by
Mans Living Trust and Luu Man
Bought by
Brill Tlf Llc
Current Estimated Value
$549,326

Purchase Details

Listed on
Mar 7, 2019
Closed on
Jul 17, 2019
Sold by
B & B Moreland Llc
Bought by
Luu Man and The Man S Living Trust
Seller's Agent
Branka Knapp
Branka Realty, LLC
Buyer's Agent
Bev Wright
Preferred Property Consultants LLC
List Price
$345,000
Sold Price
$342,000
Premium/Discount to List
-$3,000
-0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.15%
Original Mortgage
$58,700
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 9, 2013
Closed on
Oct 25, 2013
Sold by
Knapp Robert and Knapp Branka
Bought by
B & B Moreland Llc
Seller's Agent
Monica Crowell
HomeSmart
Buyer's Agent
Branka Knapp
Branka Realty, LLC
List Price
$107,900
Sold Price
$105,000
Premium/Discount to List
-$2,900
-2.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.80%
Original Mortgage
$78,750
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2011
Sold by
West Homes Llc
Bought by
Wh Dan Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
4.46%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 1, 2011
Sold by
Us Bank National Association
Bought by
West Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
4.46%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 4, 2011
Sold by
Avila Rafaela and Navejas Rafaela A
Bought by
Us Bank National Association

Purchase Details

Closed on
Apr 14, 2001
Sold by
Navejas Victor M F
Bought by
Avila Rafaela and Navejas Rafaela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,900
Interest Rate
7.15%
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
Brill Tlf Llc -- --
Luu Man $342,000 Security Title Agency Inc
B & B Moreland Llc -- Accommodation
Knapp Robert $105,000 First Arizona Title Agency
Wh Dan Llc -- Accommodation
West Homes Llc $49,000 First American Title Ins Co
Us Bank National Association $45,000 Accommodation
Avila Rafaela -- Arizona Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luu Man $210,100
Previous Owner Luu Man $58,700
Previous Owner Knapp Robert $78,750
Previous Owner West Homes Llc $55,000
Previous Owner Avila Rafaela $208,000
Previous Owner Avila Rafaela $13,500
Previous Owner Avila Rafaella $80,000
Previous Owner Avila Rafaela $55,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2019 07/30/19 Sold $342,000 +2.1% $382 / Sq Ft
04/26/2019 04/26/19 Price Changed $335,000 -1.2% $374 / Sq Ft
03/18/2019 03/18/19 Price Changed $339,000 -1.7% $379 / Sq Ft
03/07/2019 03/07/19 For Sale $345,000 +228.6% $385 / Sq Ft
10/31/2013 10/31/13 Sold $105,000 -5.0% $61 / Sq Ft
09/20/2013 09/20/13 Pending -- -- --
09/20/2013 09/20/13 Price Changed $110,500 +2.4% $64 / Sq Ft
09/09/2013 09/09/13 For Sale $107,900 -- $62 / 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 $1,063 $7,949 -- --
2024 $1,053 $7,570 -- --
2023 $1,053 $39,620 $7,920 $31,700
2022 $1,015 $32,100 $6,420 $25,680
2021 $1,008 $26,900 $5,380 $21,520
2020 $1,019 $24,850 $4,970 $19,880
2019 $1,018 $18,860 $3,770 $15,090
2018 $1,000 $19,860 $3,970 $15,890
2017 $977 $20,210 $4,040 $16,170
2016 $949 $18,210 $3,640 $14,570
2015 $878 $9,260 $1,850 $7,410
Source: Public Records

Agents Affiliated with this Home

  • Branka Knapp

    Seller's Agent in 2019

    Branka Knapp

    Branka Realty, LLC

    (480) 330-3551

    1 in this area

    3 Total Sales

    Section Image
  • Bev Wright

    Buyer's Agent in 2019

    Bev Wright

    Preferred Property Consultants LLC

    (602) 570-7118

    18 Total Sales

    Section Image
  • Monica Crowell

    Seller's Agent in 2013

    Monica Crowell

    HomeSmart

    (480) 677-0992

    3 in this area

    82 Total Sales

    Section Image
  • Brooke Castaneda

    Seller Co-Listing Agent in 2013

    Brooke Castaneda

    HomeSmart

    (480) 206-3658

    3 in this area

    88 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5892820

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-23-115

Arizona Maricopa County Phoenix 85006 Garfield

1331 E Moreland St, Phoenix, AZ

This home is located at 1331 E Moreland St, Phoenix, AZ 85006 since 07 March 2019 and is currently estimated at $545,916, approximately $609 per square foot. This property was built in 1954. 1331 E Moreland St is a home located in Maricopa County with nearby schools including Garfield School, North High School, and Phoenix Coding Academy.

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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