NOT LISTED FOR SALE

Estimated Value: $483,000 - $700,000

Studio
-- Bath
1,242 Sq Ft
$501/Sq Ft Est. Value

Last Sold August 16, 2018

Last sale price $297,000 $239 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $3,300/month

26 Days on Market

Highlights

  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of August 2018

Completely redone in 2009 with roofs, windows, AC units, kitchens, baths, block wall fence. Adjacent the Oakland Historic District, this part of downtown has become super popular. Do your own research and you'll agree my rents are low. Stack w/d and microwave range hood in each apartment. I am selling 1515 W Pierce also(an amazing property). MLS#__________. Move fast and buy both

Last Agent to Sell the Property

Thomas Havey

Thomas James Havey License #BR020930000 Listed on: 06/29/2018

Last Buyer's Agent

Nicholas Toon

RETSY License #SA677990000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,034

Year Built

  • Built in 1983

Lot Details

  • 6,360

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Capitol Elementary School
  • Central High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 22 / A
  • Assessor Parcel Number 111-25-163

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 50 X 127
  • West Lawn Subdivision

Building Details

  • Operating Expense $7,984
  • Gross Income $29,400
  • Net Operating Income $21,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,034

Year Built

Built in 1983

Lot Details

6,360 Sq Ft Lot

Listing Details

  • Cross Street: 15th Ave/Roosevelt, 19th Ave/Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 2
  • Year Built: 1983
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Subdivision Name: WEST LAWN
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • 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:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Elementary School: Capitol Elementary School
  • High School: Central High School
  • Middle Or Junior School: Capitol Elementary School

Lot Info

  • Lot Size: 50 X 127
  • Additional Parcels: No
  • Parcel #: 111-25-163

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 29400.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 21500.0
  • Annual Operating Expense: 7984.0

Tax Info

  • Tax Annual Amount: 1034.0
  • Tax Block: A
  • Tax Book Number: 111.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2019
Sold by
Kjer Gwen
Bought by
Pierce Apartments Llc
Current Estimated Value
$622,474

Purchase Details

Listed on
Jun 29, 2018
Closed on
Aug 3, 2018
Sold by
Carroll Dennis and Kjer Gwen
Bought by
Kjer Gwen and Carroll Dennis
Seller's Agent
Thomas Havey
Thomas James Havey
Buyer's Agent
Nicholas Toon
RETSY
List Price
$315,000
Sold Price
$297,000
Premium/Discount to List
-$18,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.35%
Original Mortgage
$222,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 29, 2018
Closed on
Aug 2, 2018
Sold by
Main Street Financial Llc
Bought by
Kjer Gwen
Seller's Agent
Thomas Havey
Thomas James Havey
Buyer's Agent
Nicholas Toon
RETSY
List Price
$315,000
Sold Price
$297,000
Premium/Discount to List
-$18,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2013
Sold by
Oakfield Enterprises Llc
Bought by
Main Street Financial Llc

Purchase Details

Closed on
Aug 9, 2010
Sold by
Oakfield Financial Llc
Bought by
Oakfield Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2010
Sold by
Havey Thomas J
Bought by
Oakfield Financial Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2009
Sold by
Mainstreet Financial Llc
Bought by
Havey Thomas J

Purchase Details

Closed on
Oct 20, 2009
Sold by
Oakfield Enterprises Llc
Bought by
Mainstreet Financial Llc

Purchase Details

Closed on
Apr 23, 2009
Sold by
Hsbc Bank Usa
Bought by
Oakfield Enterprises Llc

Purchase Details

Closed on
Jan 26, 2009
Sold by
Penuelas Saturnino
Bought by
Hsbc Bank Usa and Mana 2007-02

Purchase Details

Closed on
Sep 21, 2006
Sold by
Peneuelas Rosenda
Bought by
Penuelas Saturnino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2003
Sold by
Guzman Jesus A
Bought by
Penuelas Saturnino and Penuelas Rosenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,905
Interest Rate
5.89%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 7, 1998
Sold by
Guzman Joaquina C
Bought by
Guzman Jesus A
Source: Public Records
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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
Pierce Apartments Llc -- None Available
Kjer Gwen -- Magnus Title Agency Llc
Kjer Gwen $297,000 Magnus Title Agency Llc
Main Street Financial Llc -- None Available
Oakfield Enterprises Llc -- Great American Title Agency
Oakfield Financial Llc -- None Available
Havey Thomas J -- None Available
Mainstreet Financial Llc -- None Available
Oakfield Enterprises Llc $57,000 Guaranty Title Agency
Hsbc Bank Usa $138,500 Great American Title Agency
Penuelas Saturnino -- Magnus Title Agency
Penuelas Saturnino $150,000 Equity Title Agency Inc
Guzman Jesus A -- Chicago Title Insurance Co
Guzman Jesus A $93,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kjer Gwen $222,750
Previous Owner Oakfield Enterprises Llc $35,000
Previous Owner Penuelas Saturnino $225,000
Previous Owner Penuelas Saturnino $147,905
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2018 08/16/18 Sold $297,000 -2.6% $239 / Sq Ft
07/16/2018 07/16/18 Price Changed $305,000 -1.3% $246 / Sq Ft
07/08/2018 07/08/18 Price Changed $309,000 -1.9% $249 / Sq Ft
06/20/2018 06/20/18 For Sale $315,000 -- $254 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,231 $8,667 -- --
2024 $1,148 $8,254 -- --
2023 $1,148 $44,680 $8,930 $35,750
2022 $1,107 $30,880 $6,170 $24,710
2021 $1,099 $25,820 $5,160 $20,660
2020 $1,111 $25,050 $5,010 $20,040
2019 $1,081 $21,680 $4,330 $17,350
2018 $1,062 $15,220 $3,040 $12,180
2017 $1,034 $15,400 $3,080 $12,320
2016 $1,005 $13,920 $2,780 $11,140
2015 $926 $9,150 $1,830 $7,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5786789

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-25-163

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