NOT LISTED FOR SALE

Estimated Value: $658,000 - $1,541,000

-- Bed
-- Bath
1,768 Sq Ft
$622/Sq Ft Est. Value

Last Sold September 13, 2023

Last sale price $692,500 $392 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,214/month

18 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of September 2023

4-Unit, Garden-Style Property, Built in 1983
All 1-Bed / 1-Bath Units.Value-Add Opportunity Through Interior & Exterior Renovations. Each Unit Boasts a Private Patio's. Individually Metered for Electricity.
Located in the Popular Garfield Historic District, Close Proximity to Numerous Dining & Entertainment Options in Downtown Phoenix.
Less Than a 10 Minute Drive to Phoenix Sky Harbor International Airport. The adjacent property lot at 1417 E Roosevelt Street is also available & seller prefers sold together which makes 8 units total together!

Last Agent to Sell the Property

Andrew Arambula

ABI Multifamily License #SA688881000 Listed on: 06/06/2023

Co-Listed By

Bryce Neagle

ABI Multifamily License #SA692871000

Last Buyer's Agent

Nathan Leidigh

Real Broker License #SA652186000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,024

Year Built

  • Built in 1983

Lot Details

  • 6,360

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 116-19-120

Community Details

Overview

  • 4 Units
  • Building Dimensions are 46.96x137.59x46.96x137.40
  • Kleck Tract Subdivision

Building Details

  • Operating Expense $1,024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,024

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2022
  • Road Surface Type: Alley
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: KLECK TRACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • 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:_one_ SpaceUnit: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Other
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Other, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 46.96x137.59x46.96x137.40
  • Additional Parcels: No
  • Parcel #: 116-19-120

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Operating Expense: 1024.0

Tax Info

  • Tax Annual Amount: 1024.0
  • Tax Book Number: 116.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2023
Closed on
Sep 14, 2023
Sold by
Stoffmacher Bruce and Stoffmacher Camille
Bought by
Simons Steven
Seller's Agent
Andrew Arambula
ABI Multifamily
Buyer's Agent
Nathan Leidigh
Real Broker
List Price
$80,400
Sold Price
$692,500
Premium/Discount to List
$612,100
761.32%
Views
6
Current Estimated Value
$1,099,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$407,000
Avg. Annual Appreciation
29.66%
Original Mortgage
$710,187
Interest Rate
6.9%
Mortgage Type
VA

Purchase Details

Closed on
Feb 6, 2020
Sold by
Ear Houses Llc
Bought by
Stoffmacher Bruce and Landau Camille

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2016
Sold by
Desert Freedom Holdings Llc
Bought by
Ear Houses Llc

Purchase Details

Closed on
Jun 16, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Desert Freedom Holdings Llc

Purchase Details

Closed on
Jun 11, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Desert Freedom Llc

Purchase Details

Closed on
May 6, 2010
Sold by
Aurora Loan Services Llc
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Mar 31, 2010
Sold by
Blizzard Gregory S and Blizzard Margaret M
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Aug 23, 2005
Sold by
Lonca Cornel
Bought by
Blizzard Greg and Blizzard Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2004
Sold by
Lonca Angela
Bought by
Lonca Cornel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,600
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2000
Sold by
Tong Tip Ning
Bought by
Barron Miguel B and Barron Esmeralda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,800
Interest Rate
7.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 1997
Sold by
Central Phoenix Properties I Inc
Bought by
Johnson Blake and Johnson Patricia

Purchase Details

Closed on
May 3, 1996
Sold by
Craig Kevin P and Craig Susan M
Bought by
Central Phoenix Properties I Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.8%

Purchase Details

Closed on
Aug 31, 1995
Sold by
Mcglothlin Bryon
Bought by
Craig Kevin

Purchase Details

Closed on
Aug 3, 1994
Sold by
Craig Kevin
Bought by
Mcglothlin Byron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
8.65%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 30, 1994
Sold by
Craig Kevin
Bought by
Rodriguez Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
7.67%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Simons Steven $687,500 Navi Title Agency
Stoffmacher Bruce $500,000 Great American Title Agency
Ear Houses Llc $180,000 Great Amer Title Agency Inc
Desert Freedom Holdings Llc -- Lsi Title Fnds Division
Desert Freedom Llc -- None Available
Federal Home Loan Mortgage Corp -- Accommodation
Aurora Loan Services Llc $113,113 Accommodation
Blizzard Greg $285,000 --
Lonca Cornel -- Ticor Title Agency Of Az Inc
Lonca Cornel $172,000 Ticor Title Agency Of Az Inc
Barron Miguel B $92,000 Title Guaranty Agency
Johnson Blake -- --
Central Phoenix Properties I Inc -- Security Title Agency
Craig Kevin -- North American Title Agency
Mcglothlin Byron $55,000 Stewart Title & Trust
Rodriguez Robert $55,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simons Steven $596,250
Closed Simons Steven $710,187
Previous Owner Stoffmacher Bruce $350,000
Previous Owner Blizzard Greg $224,000
Previous Owner Lonca Cornel $137,600
Previous Owner Barron Miguel B $82,800
Previous Owner Central Phoenix Properties I Inc $35,000
Previous Owner Mcglothlin Byron $45,000
Previous Owner Rodriguez Robert $49,000
Closed Barron Miguel B $4,600
Closed Blizzard Greg $28,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2023 09/13/23 Sold $692,500 +761.3% $392 / Sq Ft
06/07/2023 06/07/23 For Sale $80,400 -90.0% $45 / Sq Ft
06/07/2023 06/07/23 Price Changed $804,000 -- $455 / 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 $1,072 $8,018 -- --
2024 $1,062 $7,636 -- --
2023 $1,062 $37,450 $7,490 $29,960
2022 $1,024 $26,230 $5,240 $20,990
2021 $1,017 $21,960 $4,390 $17,570
2020 $1,028 $20,500 $4,100 $16,400
2019 $1,026 $14,780 $2,950 $11,830
2018 $1,009 $10,760 $2,150 $8,610
2017 $986 $10,900 $2,180 $8,720
2016 $957 $8,980 $1,790 $7,190
2015 $886 $8,470 $1,690 $6,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6565611

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-19-120