$141,000
SOLD SEP 2, 2014

1521 E Fillmore St Phoenix, AZ 85006

Garfield Neighborhood
-- Bed
-- Bath
2,600 Sq Ft
9,975 Sq Ft Lot

Recently Sold

$54 Per Sq Ft

1% Above List Price

22 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of April 2022

Great bread and butter investment property! This is a cash flowing 4 plex consisting of all 2 bedroom units. Most units have been recently tiled, allowing for easy unit turnover and low maintenance cost. With the properties location there is an opportunity here to raise rents, as it is conveniently located across from St. Luke's Hospital. Property is also only minutes away from Chase field, US Airways arena, Copper Square and many of the other Downtown Phoenix attractions. The property holds a C-2 zoning giving potential buyers the chance to redevelop, if they so choose.

Last Agent to Sell the Property

Jamie Canute

Orion Investment Real Estate License #SA580623000 Listed on: 07/30/2014

Co-Listed By

Zack Mishkin

Orion Investment Real Estate License #SA566430000

Last Buyer's Agent

Cindy Leckey

Hearthstone Realty License #SA624701000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,127

Year Built

  • Built in 1981

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 10
  • Assessor Parcel Number 116-18-009

Community Details

Overview

  • 4 Units
  • Building Dimensions are 71.44 X 141.53

Building Details

  • Operating Expense $8,655
  • Gross Income $18,490
  • Net Operating Income $9,113

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,127

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: 16th St & Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2013
  • Directions: South on 16th St to Fillmore. Fourplex located on corner of 16th St and Fillmore. Fronts to 16th St.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1848.0
  • Co List Office Mls Id: gerc01
  • Co List Office Phone: 602-688-9279
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, 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

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 2880.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 71.44 X 141.53
  • Additional Parcels: No
  • Parcel #: 116-18-009

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 18489.6
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 9112.64
  • Annual Operating Expense: 8655.08
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1127.08
  • Tax Book Number: 116.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2020
Sold by
Sucato Cristyn
Bought by
Hammond Dallin
Current Estimated Value
$824,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,302
Interest Rate
2.95%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 30, 2014
Closed on
Aug 26, 2014
Sold by
Buckeye Llc
Bought by
Sucato Cristyn
Seller's Agent
Jamie Canute
Orion Investment Real Estate
Buyer's Agent
Cindy Leckey
Hearthstone Realty
List Price
$140,000
Sold Price
$141,000
Premium/Discount to List
$1,000
0.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.72%
Original Mortgage
$112,800
Interest Rate
4.11%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 2, 2010
Sold by
Doyle Stephen and Doyle Patti
Bought by
Buckeye Llc

Purchase Details

Closed on
Dec 29, 2009
Sold by
Marquez Ronaldo A
Bought by
Doyle Stephen and Doyle Patti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2008
Sold by
Marquez Carolyn
Bought by
Marquez Ronaldo

Purchase Details

Closed on
Apr 29, 2008
Sold by
Reliable Property Resources Llc
Bought by
Marquez Ronaldo

Purchase Details

Closed on
Mar 29, 2004
Sold by
Austin Alfonso V
Bought by
Austin Loretta A
Source: Public Records

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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 Type Sale Price Title Company
Warranty Deed $425,000 Thomas Title And Escrow
Warranty Deed $141,000 Empire West Title Agency
Warranty Deed -- None Available
Warranty Deed $122,500 American Title Service Agenc
Interfamily Deed Transfer -- Fidelity National Title Ins
Cash Sale Deed $142,900 Fidelity National Title Ins
Cash Sale Deed $125,683 Fidelity National Title Ins
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $780,422 FHA
Closed $417,302 FHA
Previous Owner $122,500 Adjustable Rate Mortgage/ARM
Previous Owner $112,800 Stand Alone First
Previous Owner $78,000 New Conventional
Previous Owner $50,000 Unknown
Previous Owner $110,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2022 04/13/22 Sold $810,000 +1.9% $312 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $795,000 +463.8% $306 / Sq Ft
09/02/2014 09/02/14 Sold $141,000 +0.7% $54 / Sq Ft
08/21/2014 08/21/14 Pending -- -- --
07/30/2014 07/30/14 For Sale $140,000 -- $54 / 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 $1,599 $11,960 -- --
2024 $1,584 $11,390 -- --
2023 $1,584 $56,960 $11,390 $45,570
2022 $1,528 $34,530 $6,900 $27,630
2021 $1,516 $28,970 $5,790 $23,180
2020 $1,534 $20,000 $4,000 $16,000
2019 $1,531 $16,520 $3,300 $13,220
2018 $1,505 $13,650 $2,730 $10,920
2017 $1,470 $13,700 $2,740 $10,960
2016 $1,428 $11,480 $2,290 $9,190
2015 $1,321 $11,020 $2,200 $8,820
Source: Public Records

Agents Affiliated with this Home

  • Carson Griesemer

    Seller's Agent in 2022

    Carson Griesemer

    ABI Multifamily

    (602) 714-1400

    1 in this area

    30 Total Sales

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  • Mitchell Drake

    Seller Co-Listing Agent in 2022

    Mitchell Drake

    ABI Multifamily

    (602) 714-1400

    2 in this area

    29 Total Sales

    Section Image

  • M

    Buyer's Agent in 2022

    Mark Phillips

    eXp Realty

    (480) 467-4900

    1 in this area

    34 Total Sales

    Section Image

  • J

    Seller's Agent in 2014

    Jamie Canute

    Orion Investment Real Estate

  • Zack Mishkin

    Seller Co-Listing Agent in 2014

    Zack Mishkin

    Orion Investment Real Estate

    (602) 363-6363

    4 Total Sales

    Section Image
  • Cindy Leckey

    Buyer's Agent in 2014

    Cindy Leckey

    Hearthstone Realty

    (480) 326-1905

    14 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5151295

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-18-009

Arizona Maricopa County Phoenix 85006 Garfield

1521 E Fillmore St, Phoenix, AZ

This home is located at 1521 E Fillmore St, Phoenix, AZ 85006 and is currently priced at $141,000, approximately $54 per square foot. This property was built in 1981. 1521 E Fillmore St is a home located in Maricopa County with nearby schools including Edison Elementary School, North High School, and Phoenix Coding Academy.

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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