NOT LISTED FOR SALE

1458 E Polk St Phoenix, AZ 85006

Garfield Neighborhood

Estimated Value: $547,399 - $821,000

-- Bed
-- Bath
4,030 Sq Ft
$179/Sq Ft Est. Value

Last Sold November 28, 2018

Last sale price $335,000 $83 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $4,028/month

7 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of November 2018

EXCELLENT CASH FLOWING OPPORTUNITY FOR INVESTORS!!! Located in the HOT GARFIELD Historic District !! Jus st blocks from the heart of Downtown Phoenix ,Chase Field ,&Talking Stick arena A great investment w/consistent occupancy. Seller has continually updated the property. 3 of the 4 units have newer AC units. Individually metered gas & electric ..renters pay. Located in Garfield Historic District great redevelopment going on in this hot area!! Currently Professionally managed and excellent maintenance and rent roll records.

Last Agent to Sell the Property

Candy Jenkins

Coldwell Banker Realty License #SA628254000 Listed on: 11/05/2018

Coldwell Banker Realty

Co-Listed By

Donna Hunter

Coldwell Banker Realty License #SA579437000

Last Buyer's Agent

Michelle Hoogendoorn

Better Homes & Gardens Real Estate SJ Fowler License #SA550923000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,616

Year Built

  • Built in 2004

Lot Details

  • 0.5

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Garfield Elementary And Middle School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 36
  • Assessor Parcel Number 116-18-122

Community Details

Overview

  • 4 Units
  • Building Dimensions are unknown
  • Germania Place Lots 1, 2, 12, 13 Subdivision

Building Details

  • Operating Expense $20,596
  • Gross Income $27,349
  • Net Operating Income $20,736

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,616

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: 14th St & Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Res
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2004
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Dedicated Street
  • Professional Management Expense: 2440.2
  • Co List Office Mls Id: rmpl01
  • Co List Office Phone: 480-794-1694
  • Subdivision Name: GERMANIA PLACE LOTS 1, 2, 12, 13
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks), None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Fee Information

  • Annual Water Sewer Expense: 6320.0

Schools

  • Elementary School: Garfield School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Garfield School

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 116-18-122

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 27349.18
  • Maintenance Expense: 7400.0
  • Property Net Operating Income: 20736.0
  • Annual Operating Expense: 20596.2
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 2616.0
  • Tax Book Number: 116.00
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2024
Sold by
Angulo Antina
Bought by
Garcia Fabiola and Garcia Christian
Current Estimated Value
$722,800

Purchase Details

Closed on
May 16, 2024
Sold by
Angulo Antina
Bought by
Garcia Fabiola and Garcia Christian

Purchase Details

Listed on
Nov 5, 2018
Closed on
Nov 26, 2018
Sold by
Franchi Paul and Trentini Franchi Dana
Bought by
Southwest Property Llc
Seller's Agent
Candy Jenkins
Coldwell Banker Realty
Buyer's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
List Price
$299,999
Sold Price
$335,000
Premium/Discount to List
$35,001
11.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.47%
Original Mortgage
$265,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 2011
Sold by
Caliber Auction Homes Llc
Bought by
Franchi Paul and Trentini Franchi Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,200
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2011
Sold by
Krasselt Joyce R
Bought by
Caliber Auction Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,200
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2006
Sold by
Sear Tessie
Bought by
Sear Jon D

Purchase Details

Closed on
Jul 25, 2006
Sold by
Sear Jon D and Sear David
Bought by
Krasselt Joyce R

Purchase Details

Closed on
Apr 4, 2006
Sold by
Sear Jon D
Bought by
Sear Jon D and Sear David

Purchase Details

Closed on
Mar 30, 2006
Sold by
Sear Patricia
Bought by
Sear David

Purchase Details

Closed on
Jul 26, 2004
Sold by
Minks David E and Minks Carol S
Bought by
Sear Jon D

Purchase Details

Closed on
Oct 3, 2002
Sold by
Triple D Development Llc
Bought by
Minks David E and Minks Carol S

Purchase Details

Closed on
Jan 14, 2000
Sold by
Equivest Ltd Partnership
Bought by
Triple D Development
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
Garcia Fabiola -- None Listed On Document
Garcia Fabiola -- None Listed On Document
Garcia Fabiola -- None Listed On Document
Garcia Fabiola -- None Listed On Document
Southwest Property Llc $325,000 Title Alliance Platinum Agen
Southwest Property Llc $325,000 Title Alliance Platinum Agen
Franchi Paul $185,000 Pioneer Title Agency Inc
Franchi Paul $185,000 Pioneer Title Agency Inc
Caliber Auction Homes Llc $114,000 None Available
Caliber Auction Homes Llc $114,000 None Available
Sear Jon D -- Chicago Title Insurance Co
Sear Jon D -- Chicago Title Insurance Co
Krasselt Joyce R $402,500 Chicago Title Insurance Co
Krasselt Joyce R $402,500 Chicago Title Insurance Co
Sear Jon D -- None Available
Sear Jon D -- None Available
Sear David -- None Available
Sear David -- None Available
Sear Jon D $268,000 Security Title Agency
Sear Jon D $268,000 Security Title Agency
Minks David E $25,000 Fidelity National Title
Minks David E $25,000 Fidelity National Title
Triple D Development $25,000 Stewart Title & Trust
Triple D Development $25,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Southwest Property Llc $265,000
Previous Owner Franchi Paul $109,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2018 11/28/18 Sold $335,000 +11.7% $83 / Sq Ft
11/05/2018 11/05/18 For Sale $299,999 -- $74 / 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 $3,024 $21,285 -- --
2024 $2,819 $20,272 -- --
2023 $2,819 $76,420 $15,280 $61,140
2022 $2,719 $52,520 $10,500 $42,020
2021 $2,698 $44,230 $8,840 $35,390
2020 $2,729 $33,000 $6,600 $26,400
2019 $2,725 $34,370 $6,870 $27,500
2018 $2,678 $27,510 $5,500 $22,010
2017 $2,616 $25,800 $5,160 $20,640
2016 $2,541 $23,730 $4,740 $18,990
2015 $2,351 $21,400 $4,280 $17,120
Source: Public Records

Agents Affiliated with this Home

  • Candy Jenkins

    Seller's Agent in 2018

    Candy Jenkins

    Coldwell Banker Realty

    (480) 440-0068

    1 in this area

    89 Total Sales

    Candy Jenkins
    Section Image
  • Donna Hunter

    Seller Co-Listing Agent in 2018

    Donna Hunter

    Coldwell Banker Realty

    (480) 244-1971

    1 in this area

    88 Total Sales

    Donna Hunter
    Section Image
  • Michelle Hoogendoorn

    Buyer's Agent in 2018

    Michelle Hoogendoorn

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 829-3460

    15 Total Sales

    Michelle Hoogendoorn
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5843378

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-18-122

Arizona Maricopa County Phoenix 85006 Garfield

1458 E Polk 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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