NOT LISTED FOR SALE

1331 W Monroe St Phoenix, AZ 85007

Governmental Mall Neighborhood

Estimated Value: $359,724 - $432,000

4 Beds
-- Bath
1,208 Sq Ft
$330/Sq Ft Est. Value

Last Sold February 17, 2022

Last sale price $386,200 $320 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,159/month

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • Ceiling Fan
  • Magnet Traditional School Rated 9+
  • Central Heating and Cooling System

About This Home

As of February 2022

72 Hour Home Sale !!!. Great little Duplex with Tons of Potential!! Investor Special !!! Calling All Handymen, DIY'ers, Flippers or anybody looking to add another property to their portfolio. **DO NOT DISTURB TENANT!!!** Won't last long!!!

Last Agent to Sell the Property

Somone Wilder

Jason Mitchell Real Estate License #BR674491000 Listed on: 01/10/2022

Jason Mitchell Real Estate

Co-Listed By

Christopher Collier

Citiea License #SA688215000

Last Buyer's Agent

Denise Kemper

HomeSmart License #SA662945000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $742

Year Built

  • Built in 1926

Lot Details

  • 6,273

Parking

  • On-Street Parking

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Ceramic Tile

Schools

  • Capitol Elementary School
  • Central High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 8 / B
  • Assessor Parcel Number 112-03-079

Community Details

Overview

  • 2 Units
  • Building Dimensions are Unknown
  • Woodland Place Subdivision

Building Details

  • Operating Expense $2,579
  • Net Operating Income $660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$742

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Cross Street: 15th Ave and Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1926
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: hagu01
  • Co List Office Phone: 480-998-0110
  • Subdivision Name: WOODLAND PLACE
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: 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, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: On Street
  • Attached Garage: No
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Electric, Heat Pump, 2 or More Units
  • Heating: Central, Heat Pump, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes

Fee Information

  • Annual Water Sewer Expense: 1254.35

Schools

  • Elementary School: Capitol Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Capitol Elementary School

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 112-03-079

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Insurance Expense: 582.74
  • Property Net Operating Income: 660.0
  • Annual Operating Expense: 2579.09

Tax Info

  • Tax Annual Amount: 742.0
  • Tax Block: B
  • Tax Book Number: 112.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Feb 16, 2022
Sold by
Bakke David A
Bought by
Glen V Freter Separate Property Trust
Seller's Agent
Somone Wilder
Jason Mitchell Real Estate
Buyer's Agent
Denise Kemper
HomeSmart
List Price
$369,999
Sold Price
$386,200
Premium/Discount to List
$16,201
4.38%
Current Estimated Value
$399,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,981
Avg. Annual Appreciation
0.90%

Purchase Details

Closed on
Jan 29, 1996
Sold by
Mullins Bakke Cynthia N
Bought by
Bakke David A

Purchase Details

Closed on
Mar 29, 1994
Sold by
Great Western Bank
Bought by
Dameo Phyllis
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
Glen V Freter Separate Property Trust $386,200 Thomas Title & Escrow Llc
Bakke David A -- First American Title
Bakke David A $15,000 First American Title
Dameo Phyllis $16,250 Transamerica Title Ins Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2022 02/17/22 Sold $386,200 +4.4% $320 / Sq Ft
01/10/2022 01/10/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $369,999 -- $306 / 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 $831 $5,850 -- --
2024 $775 $5,571 -- --
2023 $775 $26,430 $5,280 $21,150
2022 $747 $21,570 $4,310 $17,260
2021 $742 $20,610 $4,120 $16,490
2020 $750 $18,400 $3,680 $14,720
2019 $749 $15,600 $3,120 $12,480
2018 $736 $11,560 $2,310 $9,250
2017 $719 $10,260 $2,050 $8,210
2016 $698 $8,070 $1,610 $6,460
2015 $646 $4,210 $840 $3,370
Source: Public Records

Agents Affiliated with this Home

  • Somone Wilder

    Seller's Agent in 2022

    Somone Wilder

    Jason Mitchell Real Estate

    (602) 696-7859

    5 in this area

    703 Total Sales

    Somone Wilder
    Section Image
  • Christopher Collier

    Seller Co-Listing Agent in 2022

    Christopher Collier

    Citiea

    (480) 747-1797

    1 in this area

    105 Total Sales

    Christopher Collier
    Section Image

  • D

    Buyer's Agent in 2022

    Denise Kemper

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6340192

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-03-079

Arizona Maricopa County Phoenix 85007 Governmental Mall

1331 W Monroe St, Phoenix, AZ

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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