NOT LISTED FOR SALE

1438 E Adams St Phoenix, AZ 85034

Garfield Neighborhood

Estimated Value: $545,000 - $927,909

4 Beds
-- Bath
1,924 Sq Ft
$387/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $500,000 $260 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,997/month

Highlights

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

About This Home

As of September 2022

Prime location on this multi-unit with four individual one bed one bath floor plans. Single level, plentiful parking, individual storage units plus owner storage. All units are occupied with month to month tenants at well below market rents. This area is developing nicely with many new renovations and new construction. A short walk to light rail, bus routes, neighborhood amenities. Close proximity numerous restaurants, Japanese Friendship Garden, ASU Downtown Campus, U of A School of Medicine, Banner Hospital and the Roosevelt District just north west.

Last Agent to Sell the Property

Joe Kertesz

West USA Realty License #SA643656000 Listed on: 09/13/2022

West USA Realty

Last Buyer's Agent

Andrew Arambula

ABI Multifamily License #SA688881000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,163

Year Built

  • Built in 1983

Lot Details

  • 7,013

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Concrete
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 7,005 Parking Spaces
  • 7,000 Covered Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 22
  • Assessor Parcel Number 116-46-068

Community Details

Overview

  • 4 Units
  • Building Dimensions are 1 - 7,500
  • Collins Addition Phoenix Blocks 23 26 17 & 27 Subdivision

Building Details

  • Operating Expense $1,163

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,163

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Washington & 15th Street
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Subdivision Name: COLLINS ADDITION PHOENIX BLOCKS 23-26 17 & 27
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 7000.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 7005.0
  • General Property Description:Covered Parking Spcs: 7000.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 7005.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks, Individual
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 1 - 7,500
  • Additional Parcels: No
  • Parcel #: 116-46-068

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Operating Expense: 1163.22

Tax Info

  • Tax Annual Amount: 1163.22
  • Tax Book Number: 116.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2023
Sold by
Mtb Invest Llc
Bought by
Wang Efon and Huang Chiaru
Current Estimated Value
$744,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,800
Outstanding Balance
$393,400
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$351,077

Purchase Details

Listed on
Sep 13, 2022
Closed on
Sep 30, 2022
Sold by
K Sauer/L Golberg Llc
Bought by
Mtb Invest Llc
Seller's Agent
Joe Kertesz
West USA Realty
Buyer's Agent
Andrew Arambula
ABI Multifamily
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.03%
Original Mortgage
$450,000
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 1994
Sold by
Crampton Don P
Bought by
Sauer Kelly R and Golberg Lori L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,500
Interest Rate
8.58%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 2, 1994
Sold by
Blecher Robert B
Bought by
Crampton Don P and Wyatt Norene
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wang Efon $900,990 Clear Title Agency Of Arizona
Mtb Invest Llc $500,000 Driggs Title Agency
Sauer Kelly R $37,500 Network Escrow & Title Agenc
Crampton Don P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Efon $404,800
Previous Owner Mtb Invest Llc $450,000
Previous Owner Sauer Kelly R $32,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2022 09/30/22 Sold $500,000 0.0% $260 / Sq Ft
09/13/2022 09/13/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $500,000 -- $260 / 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 $1,294 $9,108 -- --
2024 $1,206 $8,674 -- --
2023 $1,206 $40,030 $8,000 $32,030
2022 $1,163 $28,010 $5,600 $22,410
2021 $1,155 $23,460 $4,690 $18,770
2020 $1,168 $21,900 $4,380 $17,520
2019 $1,166 $15,730 $3,140 $12,590
2018 $1,146 $12,720 $2,540 $10,180
2017 $1,119 $11,650 $2,330 $9,320
2016 $1,087 $9,660 $1,930 $7,730
2015 $1,006 $8,800 $1,760 $7,040
Source: Public Records

Agents Affiliated with this Home

  • Joe Kertesz

    Seller's Agent in 2022

    Joe Kertesz

    West USA Realty

    (480) 751-7560

    2 in this area

    121 Total Sales

    Joe Kertesz
    Section Image
  • Andrew Arambula

    Buyer's Agent in 2022

    Andrew Arambula

    ABI Multifamily

    (602) 513-5200

    11 in this area

    57 Total Sales

    Andrew Arambula
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6463344

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-46-068

Arizona Maricopa County Phoenix 85034 Garfield

1438 E Adams St, 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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