$320,000
SOLD MAY 30, 2025

1401 E Wood St Unit 24 Phoenix, AZ 85040

South Mountain Neighborhood
0.72 Acre
$444,444 Price per Acre
31,363 Sq Ft Lot

Recently Sold

9% Below List Price

277 Days on Market

Highlights

  • 0.72 Acre Lot
  • No HOA
  • Level Lot
  • Phoenix Coding Academy Rated A

About This Lot

As of May 2025

Multifamily Development Opportunity at 1401 E Wood St, Phoenix, AZ 85040. Seize this rare chance to own a 0.72-acre parcel zoned R-4, allowing for the development of up to 20 units in a thriving location. Situated in both an opportunity zone and a QCT-qualified census tract, it presents substantial tax incentives for investors. The lot offers easy access to the I-10 freeway, setting the stage for effortless commuting to Downtown Phoenix, and the Sky Harbor Airport. The scenic South Mountain Park and Preserve is in proximity. Build a prosperous future in a booming locale, and watch your vision come to life at 1401 E Wood Street.

Last Agent to Sell the Property

Reggie Joyner

Get Multifamily License #SA704874000 Listed on: 03/10/2025

Last Buyer's Agent

Reggie Joyner

Get Multifamily License #SA704874000 Listed on: 03/10/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $521

Lot Details

  • 0.72 Acre Lot
  • Level Lot
  • Property is zoned R-4

Community Details

  • No Home Owners Association
  • Centergrove Tract 1 Through 16 Subdivision

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 113-26-011

Property Details

Property Type

Land

Est. Annual Taxes

$521

Lot Details

0

Listing Details

  • Cross Street: 16th Street & Broadway
  • Legal Info Range: 3E
  • Property Type: Land
  • Development Status: Raw Land
  • Topography: Level
  • Zoning: R-4
  • Tax Year: 2022
  • Directions: From 16th Street & Broadway, head west to 13th Street, north to Wood Street, east to property located on the south side of Wood Street.
  • Horses: No
  • Lot Size Acres: 0.72
  • Road Surface Type: Asphalt
  • Subdivision Name: CENTERGROVE TRACT 1 THROUGH 16
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: UNK
  • Lot Size Sq Ft: 31363.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 113-26-011

Tax Info

  • Tax Annual Amount: 521.0
  • Tax Book Number: 113.00
  • Tax Lot: 24
  • Tax Map Number: 26.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2025
Closed on
May 28, 2025
Sold by
Grs Construction Inc
Bought by
Lions Foundation Of Arizona Inc
Seller's Agent
Reggie Joyner
Get Multifamily
Buyer's Agent
Reggie Joyner
Get Multifamily
List Price
$350,000
Sold Price
$320,000
Premium/Discount to List
-$30,000
-8.57%
Views
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
5600.82%

Purchase Details

Closed on
Nov 10, 2022
Sold by
Black Canyon Equity Llc
Bought by
Grs Construction Inc

Purchase Details

Closed on
Nov 4, 2022
Sold by
Jb Jones And Mary V Jones Partnership
Bought by
A5 Residential Llc

Purchase Details

Closed on
Jan 3, 1995
Sold by
Jones J B
Bought by
J B Jones & Mary V Jones Partnership and Askew Herbert A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $320,000 Wfg National Title Insurance C
Special Warranty Deed $187,500 First American Title
Warranty Deed $180,000 Pioneer Title
Warranty Deed $125,000 Magnus Title
Quit Claim Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Sold $320,000 -8.6% --
04/15/2025 04/15/25 Pending -- -- --
03/10/2025 03/10/25 Price Changed $350,000 0.0% --
03/10/2025 03/10/25 For Sale $350,000 0.0% --
01/06/2025 01/06/25 For Sale $350,000 +9.4% --
01/01/2025 01/01/25 Off Market $320,000 -- --
12/17/2024 12/17/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $350,000 -- --
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 $547 $3,723 $3,723 --
2024 $531 $3,546 $3,546 --
2023 $531 $22,395 $22,395 $0
2022 $521 $18,105 $18,105 $0
2021 $531 $17,220 $17,220 $0
2020 $525 $15,345 $15,345 $0
2019 $508 $7,410 $7,410 $0
2018 $494 $4,080 $4,080 $0
2017 $471 $2,610 $2,610 $0
2016 $448 $2,400 $2,400 $0
2015 $785 $4,256 $4,256 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2025

    Reggie Joyner

    Get Multifamily

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6729598

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-26-011

Arizona Maricopa County Phoenix 85040 South Mountain

1401 E Wood St Unit 24, Phoenix, AZ

This home is located at 1401 E Wood St Unit 24, Phoenix, AZ 85040 and is currently priced at $320,000. 1401 E Wood St Unit 24 is a home located in Maricopa County with nearby schools including Irene Lopez School, South Mountain 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

Nearby Homes