NOT LISTED FOR SALE

1411 E Clarendon Ave Phoenix, AZ 85014

Central City Neighborhood

Estimated Value: $461,962 - $571,000

Studio
2 Baths
1,368 Sq Ft
$373/Sq Ft Est. Value

Last Sold December 19, 2015

Last sale price $219,000 $160 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $2,756/month

68 Days on Market

Highlights

  • Evaporated cooling system
  • Concrete Flooring
  • 4-minute walk to Longview Park
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of December 2015

Great value add opportunity. High demand rental area with easy access to downtown and Valley. Currently 100% occupied but some strategic upgrading will improve rents and cash flow. Close to schools, shopping and transportation. Operate as is or improve and hold for better returns.Individually metered for gas/electric...landlord only pays water.

Last Agent to Sell the Property

Victoria Miachika

REI Marketing License #BR639322000 Listed on: 09/03/2015

Co-Listed By

George Gibson

Arizona Investment & Mgt, LLC License #SA577890000

Last Buyer's Agent

Marla Wicks

Better Homes & Gardens Real Estate SJ Fowler License #SA535997000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $720

Year Built

  • Built in 1956

Lot Details

  • 7,187

Home Design

  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 110-14-008

Community Details

Overview

  • 5 Units
  • Building Dimensions are 7809

Building Details

  • Net Operating Income $19,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$720

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: Indian School and 15th Avenue
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1956
  • Tax Year: 2014
  • Road Surface Type: Asphalt, Concrete, Sidewalk(s)
  • Co List Office Mls Id: azim01
  • Co List Office Phone: 602-277-7368
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Slump Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Street Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 7809
  • Additional Parcels: No
  • Parcel #: 110-14-008

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 5
  • Property Net Operating Income: 19580.0

Tax Info

  • Tax Annual Amount: 720.0
  • Tax Book Number: 110.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2009
Sold by
U S Bank National Association
Bought by
Mata Christopher and Mata Teresa
Current Estimated Value
$510,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,818
Interest Rate
5.3%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 10, 2009
Sold by
Baker Theodore
Bought by
U S Bank National Association

Purchase Details

Closed on
Oct 28, 1998
Sold by
The City Of Phoenix
Bought by
Baker Theodore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,480
Interest Rate
6.6%
Mortgage Type
VA

Purchase Details

Closed on
May 31, 1995
Sold by
Ainsworth Mary Ileen
Bought by
City Of Phoenix

Purchase Details

Closed on
May 8, 1995
Sold by
Bevington William S
Bought by
City Of Phoenix
Source: Public Records
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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
Mata Christopher $114,900 Great American Title
U S Bank National Association $148,580 None Available
Baker Theodore -- --
City Of Phoenix -- --
City Of Phoenix -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mata Christopher $112,818
Previous Owner Baker Theodore $96,480
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2015 12/19/15 Sold $219,000 -8.4% $160 / Sq Ft
11/10/2015 11/10/15 Pending -- -- --
09/03/2015 09/03/15 For Sale $239,000 -- $175 / 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 $1,352 $11,831 -- --
2024 $1,257 $11,268 -- --
2023 $1,257 $44,360 $8,870 $35,490
2022 $1,251 $33,910 $6,780 $27,130
2021 $1,288 $30,650 $6,130 $24,520
2020 $1,253 $26,560 $5,310 $21,250
2019 $1,195 $21,750 $4,350 $17,400
2018 $1,152 $21,070 $4,210 $16,860
2017 $1,048 $16,510 $3,300 $13,210
2016 $1,009 $13,920 $2,780 $11,140
2015 $939 $12,250 $2,450 $9,800
Source: Public Records

Agents Affiliated with this Home

  • Victoria Miachika

    Seller's Agent in 2015

    Victoria Miachika

    REI Marketing

    (602) 459-0353

    10 Total Sales

    Victoria Miachika
    Section Image

  • G

    Seller Co-Listing Agent in 2015

    George Gibson

    Arizona Investment & Mgt, LLC

    (602) 277-7368

    8 Total Sales

    George Gibson
    Section Image

  • M

    Buyer's Agent in 2015

    Marla Wicks

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5329538

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-09-044

Arizona Maricopa County Phoenix 85014 Central City

1411 E Clarendon 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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