NOT LISTED FOR SALE

1524 S 7th Ave Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $326,000 - $1,796,817

-- Bed
-- Bath
3,409 Sq Ft
$311/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $330,000 $97 Per Sq Ft

Est. 222% increase in value since last sale

Current estimated payment $6,452/month

89 Days on Market

Highlights

  • 2.1 Acre Lot
  • Wood Flooring
  • Central Air
  • Phoenix Coding Academy Rated A

About This Home

As of April 2016

Property includes home with 2382 sq ft built in 1931, also retail of 400 sq. ft approximately 60 years old.Property shows under additional address at city at 1450 S. 7th avenue. Awesome Corner Property with Commercial and mixed multifamily zoning. Check with city about rezoning all to commercial or build great multifamily units on this property . Phoenix downtown is growing and this could be your great opportunity to get in while the getting is good. Multifamily units are going up all over the downtown area.

Last Agent to Sell the Property

Alice Acosta

Alice N Acosta License #BR041221000 Listed on: 12/30/2015

Alice N Acosta

Last Buyer's Agent

Alice Acosta

RE/MAX Desert Showcase License #BR041221000

Property Details

Property Type

  • Other

Year Built

  • Built in 1931

Lot Details

  • 2.1 Acre Lot
  • Chain Link Fence
  • Property is zoned c2, r3, r5

Home Design

  • 3,409 Sq Ft Home
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Wood
  • Concrete

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 220 Volts

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 105-01-085

Community Details

Overview

  • 2 Buildings
  • Greenhaws Sub 1 To 4 Subdivision

Building Details

  • Operating Expense $9,145

Property Details

Property Type

Other

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Cross Street: 7th Avenue and Pima
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: c2, r3, r5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1931
  • Tax Year: 2015
  • Directions: 7th avenue north of the i17 to Pima.
  • Lot Size Acres: 2.1
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENHAWS SUB 1 TO 4
  • Structure Type: Other (See Remarks), Commercial
  • Electric 220: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood, Concrete
  • Living Area: 3409.0

Exterior Features

  • Fencing: Chain Link
  • Disclosures: None
  • Construction Type: See Remarks, Frame - Wood, Block
  • Roof: Composition
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Other (See Remarks)
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: 220 Volts, Submetered System, APS
  • Cooling: See Remarks, Other, Central A/C
  • Heating: Natural Gas
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 91305.0
  • Parcel #: 105-01-085
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 9145.0

Tax Info

  • Tax Annual Amount: 9145.0
  • Tax Book Number: 105.00
  • Tax Lot: 4
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2015
Closed on
May 4, 2016
Sold by
Terrance Beverly J and Terrance Beverly Jean
Bought by
Zalmar Inc
Seller's Agent
Alice Acosta
Alice N Acosta
Buyer's Agent
Alice Acosta
Alice N Acosta
List Price
$400,000
Sold Price
$330,000
Premium/Discount to List
-$70,000
-17.5%
Current Estimated Value
$1,061,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$731,409
Avg. Annual Appreciation
13.10%
Original Mortgage
$180,000
Outstanding Balance
$143,525
Interest Rate
3.71%
Mortgage Type
Seller Take Back
Estimated Equity
$917,884

Purchase Details

Closed on
Sep 29, 1998
Sold by
Gray Gilbert
Bought by
Terrance Beverly Jean

Purchase Details

Closed on
Sep 28, 1998
Sold by
Suarez Jernell
Bought by
Terrance Beverly Jean

Purchase Details

Closed on
Sep 24, 1998
Sold by
Cherry Ruthie M
Bought by
Terrance Beverly Jean

Purchase Details

Closed on
Sep 22, 1998
Sold by
Gray Willie L
Bought by
Terrance Beverly Jean

Purchase Details

Closed on
Jan 12, 1982
Sold by
Gray Herbert
Bought by
Terrance Beverly Jean
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Zalmar Inc $330,000 First American Title Ins Co
Terrance Beverly Jean -- None Available
Terrance Beverly Jean -- None Available
Terrance Beverly Jean -- None Available
Terrance Beverly Jean -- None Available
Terrance Beverly Jean -- None Available
Terrance Beverly Jean -- None Available
Terrance Beverly Jean -- None Available
Terrance Beverly Jean -- None Available
Terrance Beverly Jean -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zalmar Inc $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $330,000 -17.5% $97 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
12/30/2015 12/30/15 For Sale $400,000 -- $117 / 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 $10,103 $74,120 -- --
2024 $10,193 $71,948 -- --
2023 $10,193 $108,796 $75,465 $33,331
2022 $9,700 $80,892 $50,573 $30,319
2021 $9,790 $73,640 $43,456 $30,184
2020 $9,910 $68,782 $38,864 $29,918
2019 $9,899 $63,924 $35,336 $28,588
2018 $9,728 $60,340 $32,116 $28,224
2017 $9,468 $54,026 $33,810 $20,216
2016 $9,752 $54,992 $35,882 $19,110
2015 $9,145 $52,882 $36,480 $16,402
Source: Public Records

Agents Affiliated with this Home

  • Alice Acosta

    Seller's Agent in 2016

    Alice Acosta

    Alice N Acosta

    (602) 743-8294

    58 Total Sales

    Alice Acosta
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5376935

Arizona Regional Multiple Listing Service (ARMLS)

APN: 105-01-085

Arizona Maricopa County Phoenix 85007 Central City

1524 S 7th Ave, Phoenix, AZ

This home is located at 1524 S 7th Ave, Phoenix, AZ 85007 since 30 December 2015 and is currently estimated at $1,061,409, approximately $311 per square foot. This property was built in 1931. 1524 S 7th Ave 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

Nearby Homes