NOT LISTED FOR SALE

Estimated Value: $560,000 - $568,000

Studio
-- Bath
-- Sq Ft
8,059 Sq Ft Lot

Sale Details

Date Sold: August 2, 2024

Last sale price $584,999

Est. 4% decrease in value since last sale

Current estimated payment $3,595 / mo

52 Days on Market

Highlights

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

About This Home

As of August 2024

1459 E Taylor St is a newly renovated 3-unit multifamily property located in the heart of Downtown Phoenix. This 1,628 SF property sits on 0.18 acres of land, providing 6 surface parking spots. Each unit consists of 2 beds and 1 bathroom, all renovated within the last year. The landscaping is a beautiful low-maintenance desert theme with light-colored rock and neatly manicured plants.
Currently, all three units are occupied at $1,340, $1,350, and $1,700 a month, respectively. Each unit contains its own private fenced backyard, all separately metered for the landlord's convenience. Tucked away off of Taylor Street, this property provides a quiet and peaceful atmosphere. All units are fully occupied and do not allow for showings.
*DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Perry Laufenberg

SVN/Desert Commercial Advisors Brokerage Email: perry.laufenberg@svn.com License #BR548198000 Listed on: 05/10/2024

SVN/Desert Commercial Advisors

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,133

Year Built

  • Built in 1982

Lot Details

  • 8,059

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters

Additional Features

  • Vinyl Flooring
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 36
  • Assessor Parcel Number 116-18-121-B

Community Details

Overview

  • 3 Units
  • Building Dimensions are 87.72x88.34x87.73x92.42
  • Germania Place Lots 4 11,15 19,21,22,31 36 Subdivision

Building Details

  • Operating Expense $1,133
  • Gross Income $51,192
  • Net Operating Income $40,549

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,133

Year Built

Built in 1982

Lot Details

8,059 Sq Ft Lot

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2023
  • Road Frontage Type: Alley
  • Subdivision Name: GERMANIA PLACE LOTS 4-11,15-19,21,22,31-36
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Other

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 87.72x88.34x87.73x92.42
  • Additional Parcels: No
  • Parcel #: 116-18-121-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 51192.0
  • Property Net Operating Income: 40549.0
  • Annual Operating Expense: 1132.54
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1132.54
  • Tax Book Number: 116.00
  • Tax Lot: 36

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Aug 12, 2024
Sold by
Bought by
Seller's Agent
Perry Laufenberg
SVN/Desert Commercial Advisors
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$589,999
Sold Price
$584,999
Premium/Discount to List
-$5,000
-0.85%
Views
16
Current Estimated Value
$564,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,666
Avg. Annual Appreciation
-1.87%
Original Mortgage
$467,999
Outstanding Balance
$458,782
Interest Rate
6.86%
Mortgage Type
Credit Line Revolving
Estimated Equity
$105,551

Purchase Details

Listed on
May 10, 2024
Closed on
Jul 30, 2024
Sold by
Bought by
Seller's Agent
Perry Laufenberg
SVN/Desert Commercial Advisors
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$589,999
Sold Price
$584,999
Premium/Discount to List
-$5,000
-0.85%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,999
Outstanding Balance
$458,782
Interest Rate
6.86%
Mortgage Type
Credit Line Revolving
Estimated Equity
$105,551

Purchase Details

Closed on
May 17, 2024
Sold by
Bought by

Purchase Details

Closed on
May 16, 2024
Sold by
Bought by

Purchase Details

Listed on
Apr 28, 2023
Closed on
Jul 26, 2023
Sold by
Bought by
Seller's Agent
Brooke Johnson
Better Choice Homes, LLC
Buyer's Agent
Andrew Arambula
ABI Multifamily
List Price
$499,000
Sold Price
$499,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.09%
Original Mortgage
$561,000
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 28, 2023
Closed on
Jun 5, 2023
Sold by
Bought by
Seller's Agent
Brooke Johnson
Better Choice Homes, LLC
Buyer's Agent
Andrew Arambula
ABI Multifamily
List Price
$499,000
Sold Price
$499,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$561,000
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2013
Sold by
Bought by

Purchase Details

Closed on
Mar 3, 2010
Sold by
Bought by

Purchase Details

Closed on
Feb 11, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 10, 2003
Sold by
Bought by

Purchase Details

Closed on
Apr 29, 2002
Sold by
Bought by

Purchase Details

Closed on
Jun 15, 2001
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 1999
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2024 08/02/24 Sold $584,999 0.0% --
07/05/2024 07/05/24 Pending -- -- --
05/29/2024 05/29/24 Price Changed $584,999 -0.8% --
05/13/2024 05/13/24 For Sale $589,999 +18.2% --
06/05/2023 06/05/23 Sold $499,000 0.0% -- View Prior Sale
05/23/2023 05/23/23 Pending -- -- --
05/08/2023 05/08/23 Pending -- -- --
05/05/2023 05/05/23 For Sale $499,000 0.0% --
04/30/2023 04/30/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $499,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6704889

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-18-121B

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