NOT LISTED FOR SALE

1505 W Mckinley St Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $639,000 - $738,000

-- Bed
-- Bath
2,336 Sq Ft
$300/Sq Ft Est. Value

Last Sold April 18, 2023

Last sale price $705,000 $302 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,988/month

43 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

As of April 2023

3 Units, Garden-Style Property, Built in 1983, Renovated in 2023. 100% 2-Bedroom / 1-Bathroom Units. Each Unit Includes Washer / Dryer. Individually Metered for Electricity. Renovated & Completely Modernized With New Flooring, Cabinets, Countertops, Electrical, & Stainless Steel Appliances. Easy Access to I-10 & I-17 Freeways. Close Proximity to Numerous Dining & Entertainment Options in Downtown Phoenix

Last Listed By

Andrew Arambula

ABI Multifamily License #SA688881000 Listed on: 01/30/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,033

Year Built

  • Built in 1984

Lot Details

  • 6,360

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 23 / B
  • Assessor Parcel Number 111-25-187

Community Details

Overview

  • 3 Units
  • Building Dimensions are 127.80x48.77x127.73x50.33
  • West Lawn Subdivision

Building Details

  • Operating Expense $1,033
  • Gross Income $62,652

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,033

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: C-2
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2022
  • Road Surface Type: Dirt, Concrete
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: WEST LAWN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • 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
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 127.80x48.77x127.73x50.33
  • Additional Parcels: No
  • Parcel #: 111-25-187

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 62652.0
  • Annual Operating Expense: 1033.0

Tax Info

  • Tax Annual Amount: 1033.0
  • Tax Block: B
  • Tax Book Number: 111.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2023
Closed on
Apr 17, 2023
Sold by
Mtb Invest Llc
Bought by
Jones Justin A
Seller's Agent
Andrew Arambula
ABI Multifamily
Buyer's Agent
Vikki Gorman
Realty Executives
List Price
$775,000
Sold Price
$705,000
Premium/Discount to List
-$70,000
-9.03%
Total Days on Market
43
Views
578
Current Estimated Value
$699,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,232
Avg. Annual Appreciation
-0.36%
Original Mortgage
$528,750
Outstanding Balance
$516,869
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$182,899

Purchase Details

Listed on
Sep 13, 2022
Closed on
Sep 30, 2022
Sold by
K Sauer/L Golberg Llc
Bought by
Mtb Invest Llc
Seller's Agent
Joe Kertesz
West USA Realty
Buyer's Agent
Andrew Arambula
ABI Multifamily
List Price
$390,000
Sold Price
$390,000
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
193.43%
Original Mortgage
$30,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 1997
Sold by
Jkl Enterprises Inc Llc
Bought by
Sauer Kelly R and Golberg Lori L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
7.49%

Purchase Details

Closed on
Nov 7, 1996
Sold by
Avco Financial Services Of Maricopa Inc
Bought by
Jkl Enterprises Inc Llc

Purchase Details

Closed on
Jul 17, 1996
Sold by
Nogales Frank S and Nogales Marilyn F
Bought by
Avco Financial Services

Range of Values:

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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
Jones Justin A $705,000 Driggs Title Agency
Mtb Invest Llc $390,000 Driggs Title Agency
Sauer Kelly R -- Security Title Agency
Jkl Enterprises Inc Llc $27,500 Nations Title Insurance
Avco Financial Services -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Justin A $528,750
Previous Owner Invest Llc $610,000
Previous Owner Mtb Invest Llc $30,000
Previous Owner Mtb Invest Llc $390,000
Previous Owner Sauer Kelly R $38,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2023 04/18/23 Sold $705,000 -5.3% $302 / Sq Ft
03/06/2023 03/06/23 Price Changed $744,500 -0.1% $319 / Sq Ft
02/27/2023 02/27/23 Price Changed $745,000 -0.7% $319 / Sq Ft
02/20/2023 02/20/23 Price Changed $750,000 -3.2% $321 / Sq Ft
02/08/2023 02/08/23 Price Changed $774,900 0.0% $332 / Sq Ft
01/30/2023 01/30/23 For Sale $775,000 +98.7% $332 / Sq Ft
09/30/2022 09/30/22 Sold $390,000 0.0% $167 / Sq Ft
09/13/2022 09/13/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $390,000 -- $167 / 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 $1,081 $8,086 -- --
2024 $1,071 $7,701 -- --
2023 $1,071 $42,200 $8,440 $33,760
2022 $1,033 $29,530 $5,900 $23,630
2021 $1,025 $24,860 $4,970 $19,890
2020 $1,037 $24,230 $4,840 $19,390
2019 $1,035 $20,820 $4,160 $16,660
2018 $1,017 $14,360 $2,870 $11,490
2017 $994 $14,850 $2,970 $11,880
2016 $965 $13,580 $2,710 $10,870
2015 $893 $8,810 $1,760 $7,050
Source: Public Records

Agents Affiliated with this Home

  • Andrew Arambula

    Seller's Agent in 2023

    Andrew Arambula

    ABI Multifamily

    (602) 513-5200

    5 in this area

    50 Total Sales

    Andrew Arambula
    Section Image
  • Bryce Neagle

    Seller Co-Listing Agent in 2023

    Bryce Neagle

    ABI Multifamily

    (602) 714-1400

    2 in this area

    23 Total Sales

    Bryce Neagle
    Section Image
  • Vikki Gorman

    Buyer's Agent in 2023

    Vikki Gorman

    Realty Executives

    (480) 602-6892

    1 in this area

    139 Total Sales

    Vikki Gorman
    Section Image
  • Joe Kertesz

    Seller's Agent in 2022

    Joe Kertesz

    West USA Realty

    (480) 751-7560

    1 in this area

    139 Total Sales

    Joe Kertesz
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6513844

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-25-187

Arizona Maricopa County Phoenix 85007 Central City

1505 W Mckinley St, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 1505 W Mckinley St, Phoenix, AZ 85007 since 30 January 2023 and is currently estimated at $699,768, approximately $299 per square foot. This property was built in 1984. 1505 W Mckinley St is a home located in Maricopa County with nearby schools including Capitol Elementary 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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