NOT LISTED FOR SALE

1502 W Monroe St Phoenix, AZ 85007

Governmental Mall Neighborhood

Estimated Value: $481,000 - $703,350

8 Beds
4.5 Baths
2,214 Sq Ft
$260/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $362,000 $164 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,181/month

14 Days on Market

Highlights

  • Guest House
  • The property is located in a historic district
  • Wood Flooring
  • Phoenix Coding Academy Rated A
  • Vaulted Ceiling
  • Main Floor Primary Bedroom

About This Home

As of July 2022

MUTI-FAMILY!!!DOWNTOWN HISTORIC DIAMOND! This is a full rehab 1911 Craftsman Historic District Home loaded with incredible potential! 8beds/4 1/2 baths, included: Basement/Bomb Shelter/Wine Cellar in the main house. 2Bed/1ba apartment w/ kitchen above the detached 2 car garage! Corner Lot/ Home has been completely cleaned out and ready for rehab. 3 min.
3 min. The Van Buren Live Music Venue
5 min. Japanese Friendship Garden of Phoenix
6 min. Chase Field
7 min. Arizona Science Center

Last Agent to Sell the Property

Ray Whitby

RW Real Estate, LLC License #BR512102000 Listed on: 05/27/2022

Last Buyer's Agent

Austin Carlise

Keller Williams Realty Sonoran Living License #SA662947000

Keller Williams Realty Sonoran Living

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,636

Year Built

  • Built in 1911

Lot Details

  • 8,400 Sq Ft Lot
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • Fixer Upper
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,214 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • 1 Fireplace
  • Wood Flooring
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • 4.5 Bathrooms

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Kenilworth Elementary School
  • Central High School

Utilities

  • Refrigerated and Evaporative Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Guest House
  • The property is located in a historic district

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by craftsman
  • Capitol Addition Blocks 13 & 19 22 & 27 28 Tract A Subdivision

Listing and Financial Details

  • Legal Lot and Block 30 / 1
  • Assessor Parcel Number 112-02-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,636

Year Built

Built in 1911

Lot Details

0

Parking

2

Listing Details

  • Cross Street: 15th Ave/Van Buren
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: Y
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1911
  • Tax Year: 2021
  • Directions: S to Monroe/ Home on the corner
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.19
  • Subdivision Name: CAPITOL ADDITION BLOCKS 13 & 19-22 & 27-28 TRACT A
  • Architectural Style: Other
  • New Construction: No
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Flooring: Wood
  • Basement YN: Yes
  • Spa Features: None
  • Possible Bedrooms: 9
  • Total Bedrooms: 8
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: See Remarks, Master Downstairs, Upstairs, Eat-in Kitchen, Vaulted Ceiling(s)
  • Living Area: 2214.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Community Features:Historic District: Yes
  • Basement Description:Unfinished2: Yes
  • Community Features:See Remarks2: Yes

Exterior Features

  • Fencing: Block, Chain Link, Wood
  • Exterior Features: Balcony
  • Lot Features: Corner Lot
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Other (See Remarks)
  • Construction Type: Stucco, Wood Frame, Painted, Block
  • Other Structures: Guest House
  • Patio And Porch Features: Covered Patio(s)
  • Property Condition: Fixer
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Separate Guest House: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0

Utilities

  • Cooling: Both Refrig & Evap
  • Heating: Electric, Natural Gas
  • Laundry Features: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Historic District
  • Amenities: Other
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8400.0
  • Parcel #: 112-02-024
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: craftsman

Tax Info

  • Tax Annual Amount: 1636.0
  • Tax Block: 1
  • Tax Book Number: 112.00
  • Tax Lot: 30
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
Jul 14, 2022
Sold by
Foreclosure Relief Specialists Llc
Bought by
Lux Limited Company
Seller's Agent
Ray Whitby
RW Real Estate, LLC
Buyer's Agent
Austin Carlise
Keller Williams Realty Sonoran Living
List Price
$429,500
Sold Price
$362,000
Premium/Discount to List
-$67,500
-15.72%
Current Estimated Value
$574,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,838
Avg. Annual Appreciation
15.44%
Original Mortgage
$450,000
Outstanding Balance
$428,124
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$146,714

Purchase Details

Closed on
Apr 20, 2022
Sold by
David Blaylock
Bought by
Az Real Estate Buyers Llc

Purchase Details

Closed on
Oct 27, 2004
Sold by
Blaylock Sue A
Bought by
Blaylock David R and Blaylock Sue A

Purchase Details

Closed on
Apr 7, 2004
Sold by
Blaylock David R
Bought by
Blaylock Sue A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2004
Sold by
Draney Thomas L and Davis Carol A
Bought by
Blaylock David R and Blaylock Sue A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2002
Sold by
Draney Thomas L and Davis Carol A
Bought by
Blaylock David R and Blaylock Sue A

Purchase Details

Closed on
May 16, 2002
Sold by
Draney Bill
Bought by
Davis James M and Davis Carol A

Purchase Details

Closed on
Jan 26, 1995
Sold by
Draney Lucille L
Bought by
Draney Lucille L
Source: Public Records

Range of Values:

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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
Lux Limited Company $362,000 New Title Company Name
Az Real Estate Buyers Llc $250,000 None Listed On Document
Blaylock David R -- --
Blaylock Sue A -- Fidelity National Title
Blaylock David R -- Fidelity National Title
Blaylock David R $10,000 --
Davis James M -- --
Draney Lucille L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lux Limited Company $450,000
Previous Owner Blaylock Sue A $120,000
Closed Blaylock David R $0
Closed Blaylock Sue A $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2022 07/15/22 Sold $362,000 -15.7% $164 / Sq Ft
06/14/2022 06/14/22 For Sale $429,500 0.0% $194 / Sq Ft
06/14/2022 06/14/22 Price Changed $429,500 -2.3% $194 / Sq Ft
06/11/2022 06/11/22 Price Changed $439,500 0.0% $199 / Sq Ft
06/10/2022 06/10/22 Pending -- -- --
06/09/2022 06/09/22 Pending -- -- --
06/07/2022 06/07/22 Price Changed $439,500 -6.4% $199 / Sq Ft
05/27/2022 05/27/22 For Sale $469,500 -- $212 / 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 $1,712 $12,799 -- --
2024 $1,695 $12,190 -- --
2023 $1,695 $19,860 $3,972 $15,888
2022 $1,649 $16,029 $3,206 $12,823
2021 $1,636 $15,023 $3,001 $12,022
2020 $1,627 $15,046 $3,007 $12,039
2019 $1,624 $14,993 $2,995 $11,998
2018 $1,051 $11,237 $2,246 $8,991
2017 $1,026 $10,471 $2,094 $8,377
2016 $1,014 $8,588 $1,714 $6,874
2015 $938 $8,775 $1,755 $7,020
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Ray Whitby

    RW Real Estate, LLC

  • A

    Buyer's Agent in 2022

    Austin Carlise

    Keller Williams Realty Sonoran Living

    (480) 767-3000

    1 in this area

    48 Total Sales

    Austin Carlise
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6407284

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-02-024

Arizona Maricopa County Phoenix 85007 Governmental Mall

1502 W Monroe St, Phoenix, AZ

This home is located at 1502 W Monroe St, Phoenix, AZ 85007 since 27 May 2022 and is currently estimated at $574,838, approximately $259 per square foot. This property was built in 1911. 1502 W Monroe St is a home located in Maricopa County with nearby schools including Mary Mcleod Bethune School, Phoenix Coding Academy, and Central High School.

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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