Seller's Agent in 2021
Randy Erwin
Century 21 Arizona Foothills
(602) 418-1116
2 in this area
32 Total Sales
1442 E Polk St Phoenix, AZ 85006
Garfield Neighborhood
10
Beds
7
Baths
3,400
Sq Ft
1946
Built
Highlights
- Ceramic Tile Flooring
- Central Air
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of April 2021Terrific value-add opportunity in the desirable Garfield Historic District. This developing neighborhood near downtown Phoenix provides unique architectural styles and in-town conveniences. The property has six rental units in four individual buildings with an attractive unit mix. Separate electric meters. Landlord pays water. Tremendous upside potential with current rents well below market. One vacant unit being held for tours. (4) 1/1, (1) 2/1 and (1) 2/1.5. This property is primed for an experienced new owner who will maximize it's potential. Near 7% proforma cap!
Last Agent to Sell the Property
Century 21 Arizona Foothills License #SA639091000 Listed on: 03/19/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,134
Year Built
- Built in 1946
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Concrete
- Ceramic Tile
Parking
- 15 Open Parking Spaces
- 15 Parking Spaces
- Carport
- Paved Parking
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 34
- Assessor Parcel Number 116-18-116
Community Details
Overview
- 4 Buildings
- 6 Units
- Building Dimensions are +/-100' x +/-238'
- Germania Place Lots 1, 2, 12, 13 Subdivision
Building Details
- Operating Expense $2,134
- Gross Income $68,970
- Net Operating Income $58,582
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/01/2021 04/01/21 | Sold | $780,000 | 0.0% | $229 / Sq Ft | |
| 03/22/2021 03/22/21 | Pending | -- | -- | -- | |
| 03/19/2021 03/19/21 | For Sale | $780,000 | +124.8% | $229 / Sq Ft | |
| 01/03/2018 01/03/18 | Sold | $347,000 | -4.9% | $102 / Sq Ft | View Prior Sale |
| 12/31/2017 12/31/17 | For Sale | $365,000 | 0.0% | $107 / Sq Ft | |
| 12/31/2017 12/31/17 | Price Changed | $365,000 | 0.0% | $107 / Sq Ft | |
| 12/20/2017 12/20/17 | Pending | -- | -- | -- | |
| 12/15/2017 12/15/17 | Price Changed | $365,000 | -2.7% | $107 / Sq Ft | |
| 10/25/2017 10/25/17 | Price Changed | $375,000 | -5.1% | $110 / Sq Ft | |
| 09/20/2017 09/20/17 | For Sale | $395,000 | 0.0% | $116 / Sq Ft | |
| 09/18/2017 09/18/17 | Pending | -- | -- | -- | |
| 08/14/2017 08/14/17 | For Sale | $395,000 | +49.1% | $116 / Sq Ft | |
| 05/15/2015 05/15/15 | Sold | $265,000 | -5.4% | $78 / Sq Ft | View Prior Sale |
| 04/18/2015 04/18/15 | Pending | -- | -- | -- | |
| 03/03/2015 03/03/15 | For Sale | $280,000 | -- | $82 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,420 | $17,040 | -- | -- |
| 2024 | $2,257 | $16,228 | -- | -- |
| 2023 | $2,257 | $75,730 | $15,140 | $60,590 |
| 2022 | $2,121 | $53,100 | $10,620 | $42,480 |
| 2021 | $2,109 | $46,200 | $9,240 | $36,960 |
| 2020 | $2,134 | $43,100 | $8,620 | $34,480 |
| 2019 | $2,131 | $29,660 | $5,930 | $23,730 |
| 2018 | $2,095 | $26,320 | $5,260 | $21,060 |
| 2017 | $2,041 | $24,720 | $4,940 | $19,780 |
| 2016 | $1,982 | $19,270 | $3,850 | $15,420 |
| 2015 | $1,829 | $16,000 | $3,200 | $12,800 |
Source: Public Records
Agents Affiliated with this Home
-
Randy Erwin
-
Luke Miller
L
Buyer's Agent in 2021
Luke Miller
Arizona Best Real Estate
(602) 993-0024
1 in this area
14 Total Sales
-
Carrie Black-Montano
Seller's Agent in 2018
Carrie Black-Montano
Realty One Group
(480) 560-5759
36 Total Sales
-
P
Buyer's Agent in 2018
Patsy R. Iseman
Arizona Elite Properties
-
Robert Passariello
Seller's Agent in 2015
Robert Passariello
Realty Executives
(480) 998-0676
11 Total Sales
-
B
Buyer's Agent in 2015
Bob Passariello
Realty Executives
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6209663
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.
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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