NOT LISTED FOR SALE

1459 E Polk St Phoenix, AZ 85006

Garfield Neighborhood

Estimated Value: $317,000 - $879,636

-- Bed
4 Baths
500 Sq Ft
$1,220/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $275,000 $550 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $3,296/month

4 Days on Market

Highlights

  • Evaporated cooling system
  • Stone Flooring
  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A

About This Home

As of October 2018

Cash Cow 4 Plex in the heart of a great rental district! Individually metered for Electric and Gas...renters pay. You can keep the current Month-to-Month renters as they are and if you get new renters, you will see the market rents go up substantially. This means your CAP could potentially be in the Double Digits!Easy to manage and easy to rent. 3 block buildings on nearly a quarter acre of R-5 Land! Potential???? Your call!

Last Agent to Sell the Property

Tom 'BIG T' Ross

Coldwell Banker Realty License #SA642903000 Listed on: 10/06/2018

Coldwell Banker Realty

Last Buyer's Agent

Paul Schmidt

HomeSmart License #SA115860000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,122

Year Built

  • Built in 1951

Lot Details

  • 9,801

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Stone
  • Concrete
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Thomas A Edison Elementary And Middle School
  • North High School

Utilities

  • Evaporated cooling system
  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 22
  • Assessor Parcel Number 116-18-109-A

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are 48' x 200'
  • Germania Place Lots 1, 2, 12, 13 Subdivision

Building Details

  • Operating Expense $4,172
  • Net Operating Income $28,428

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,122

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Cross Street: 14th Street & Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1951
  • Tax Year: 2017
  • Road Surface Type: Gravel, Dirt
  • Subdivision Name: GERMANIA PLACE LOTS 1, 2, 12, 13
  • Tax Parcel Letter: A
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Stone, Concrete
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Evaporative Cooling, Individual, Central A/C
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Thomas A Edison School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Thomas A Edison School

Lot Info

  • Lot Size: 48' x 200'
  • Additional Parcels: No
  • Parcel #: 116-18-109-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Insurance Expense: 750.0
  • Property Net Operating Income: 28428.0
  • Annual Operating Expense: 4172.0

Tax Info

  • Tax Annual Amount: 1122.0
  • Tax Book Number: 116.00
  • Tax Lot: 22

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
$610,159

Purchase Details

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

Purchase Details

Listed on
Oct 6, 2018
Closed on
Oct 22, 2018
Sold by
Bedtime Properties Llc
Bought by
Woodmansee Masae
Seller's Agent
Tom 'BIG T' Ross
Coldwell Banker Realty
Buyer's Agent
Paul Schmidt
HomeSmart
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.70%

Purchase Details

Closed on
May 12, 2016
Sold by
Decock Eddy and De Cock Bonnie
Bought by
Bedtime Properties Llc

Purchase Details

Closed on
Apr 22, 2011
Sold by
Gallagher Jean
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jun 24, 2004
Sold by
Bridge Builder One Llc
Bought by
Gallagher Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
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
Woodmansee Masae $275,000 Equity Title Agency Inc
Bedtime Properties Llc -- None Available
Aurora Loan Services Llc $131,659 Accommodation
Gallagher Jean $137,500 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallagher Jean $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2018 10/26/18 Sold $275,000 0.0% $550 / Sq Ft
10/06/2018 10/06/18 For Sale $275,000 -- $550 / 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 $1,297 $9,129 -- --
2024 $1,209 $8,694 -- --
2023 $1,209 $39,950 $7,990 $31,960
2022 $1,166 $27,370 $5,470 $21,900
2021 $1,157 $22,930 $4,580 $18,350
2020 $1,171 $21,260 $4,250 $17,010
2019 $1,169 $15,560 $3,110 $12,450
2018 $1,149 $13,860 $2,770 $11,090
2017 $1,122 $13,520 $2,700 $10,820
2016 $1,090 $9,780 $1,950 $7,830
2015 $1,008 $8,300 $1,660 $6,640
Source: Public Records

Agents Affiliated with this Home

  • Tom 'BIG T' Ross

    Seller's Agent in 2018

    Tom 'BIG T' Ross

    Coldwell Banker Realty

    (602) 368-1904

    67 Total Sales

    Tom 'BIG T' Ross
    Section Image
  • Paul Schmidt

    Buyer's Agent in 2018

    Paul Schmidt

    HomeSmart

    (602) 690-0063

    39 Total Sales

    Paul Schmidt
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5830057

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-18-109A

Arizona Maricopa County Phoenix 85006 Garfield

1459 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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