$319,000
SOLD NOV 13, 2017

1524 W Monroe St Phoenix, AZ 85007

Governmental Mall Neighborhood
-- Bed
-- Bath
4,360 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$73 Per Sq Ft

37 Days on Market

Highlights

  • Multiple cooling system units
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

As of November 2017

This is a fully occupied Triplex. The front House is 1274SF and a 3 bedroom, 2-full bath, rent is $1325+tax. Unit B is 488SF a 2-bedroom, 3/4 bath, rent is $800/mo and Unit C is 315 SF an efficiency with a 3/4 bathroom and rent is $575/mo. All properties are separately metered for electricity. All units have been updated. Units A and B have Washer/Dryer. Backyard has locking gate on East side of home for access to Units B and C. Landlord pays water, Sewer and Trash. Properties have been well maintained, and all tenants are resigning lessees. Lots of redevelopment in the area, near ASU downtown Campus. Drive by only until accepted offer. Please do not disturb tenants.

Last Agent to Sell the Property

Andrew Engel

Invitation Homes License #SA583439000 Listed on: 08/05/2017

Invitation Homes

Last Buyer's Agent

Zachary Silvernail

DPR Realty LLC License #SA657223000

DPR Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,041

Year Built

  • Built in 1916

Home Design

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

Schools

  • Capitol Elementary School
  • Central High School

Utilities

  • Multiple cooling system units
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 25 / 1
  • Assessor Parcel Number 112-02-020

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 49*141
  • Capitol Blk 13, 19 22, 27 28, Tr A Subdivision

Building Details

  • Operating Expense $7,460
  • Gross Income $30,780
  • Net Operating Income $25,954

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,041

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Cross Street: W Van Buren & 15th Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 3
  • Year Built: 1916
  • Tax Year: 2016
  • Directions: Head South on 15th Ave from Van Buren. Turn West onto Monroe. House is on North side of Street. No sign on Property.
  • Road Surface Type: Concrete, Sidewalk(s)
  • Subdivision Name: CAPITOL BLK 13, 19-22, 27-28, TR A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Security Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 800.0
  • Annual Water Sewer Expense: 852.0

Schools

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

Lot Info

  • Lot Size: 49*141
  • Additional Parcels: No
  • Parcel #: 112-02-020

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 30780.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 3567.0
  • Property Net Operating Income: 25954.0
  • Annual Operating Expense: 7460.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1041.0
  • Tax Block: 1
  • Tax Book Number: 112.00
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2023
Sold by
Clieve & Associates
Bought by
Sadler Clifton
Current Estimated Value
$793,359

Purchase Details

Closed on
May 18, 2022
Sold by
Sadler Clifton
Bought by
Clieve And Associates Inc

Purchase Details

Closed on
Feb 8, 2022
Sold by
Sadler and Evette
Bought by
Sadler Clifton and Sadler Evette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,840
Interest Rate
3.55%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 10, 2021
Sold by
Clieve And Associates Llc
Bought by
Sadler Clifton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,840
Interest Rate
3.55%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 2020
Sold by
Larry Sadler Evette
Bought by
Clieve And Associates Llc

Purchase Details

Closed on
May 24, 2019
Sold by
Clieve And Associates Llc
Bought by
Sadler Evette

Purchase Details

Closed on
Feb 6, 2018
Sold by
Clieve And Associates Llc
Bought by
Larry Sadler Evette

Purchase Details

Closed on
Jan 18, 2018
Sold by
Sadler Clifton
Bought by
Clieve And Associates Llc

Purchase Details

Listed on
Aug 28, 2017
Closed on
Nov 13, 2017
Sold by
Larry Sadler Evette M
Bought by
Sadler Clifton A
Seller's Agent
Andrew Engel
Invitation Homes
Buyer's Agent
Zachary Silvernail
DPR Realty LLC
List Price
$319,000
Sold Price
$319,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.77%
Original Mortgage
$313,222
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 28, 2017
Closed on
Oct 30, 2017
Sold by
Jola Properties2 Llc
Bought by
Sadler Clifton A
Seller's Agent
Andrew Engel
Invitation Homes
Buyer's Agent
Zachary Silvernail
DPR Realty LLC
List Price
$319,000
Sold Price
$319,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,222
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 7, 2014
Closed on
Feb 25, 2014
Sold by
Flaaten Jan Olav and Flaaten Lucille A
Bought by
Macroe Homes Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michelle Conley
HomeSmart Realty
List Price
$239,000
Sold Price
$239,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.09%
Original Mortgage
$148,600
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 7, 2014
Closed on
Feb 24, 2014
Sold by
The Kordco Corporation
Bought by
Flaaten Jan Olav and Flaaten Lucille A
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michelle Conley
HomeSmart Realty
List Price
$239,000
Sold Price
$239,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,600
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Closed on
May 14, 2013
Sold by
Kordon Karen and Kordon John
Bought by
Kordco Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2013
Sold by
Kordon John and Kordon James
Bought by
Kordon Karen A

Purchase Details

Closed on
Jan 11, 2001
Sold by
Blea Ruben J and Martinez Viola B
Bought by
Kordon John and Kordon James
Source: Public Records

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Range of Values:

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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
Quit Claim Deed -- --
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Driggs Title Agency Inc
Warranty Deed $319,000 Driggs Title Agency Inc
Warranty Deed -- Old Republic Title Agency
Warranty Deed $239,000 Old Republic Title Agency
Quit Claim Deed -- Empire West Title Agency
Interfamily Deed Transfer -- None Available
Joint Tenancy Deed -- Capital Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $455,840 FHA
Previous Owner $313,222 FHA
Previous Owner $148,600 Commercial
Previous Owner $47,000 Commercial
Previous Owner $64,000 Commercial
Previous Owner $150,000 Unknown
Previous Owner $26,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2017 11/14/17 Sold $319,000 0.0% $156 / Sq Ft
11/13/2017 11/13/17 Sold $319,000 0.0% $73 / Sq Ft
09/12/2017 09/12/17 Pending -- -- --
09/12/2017 09/12/17 Pending -- -- --
08/23/2017 08/23/17 For Sale $319,000 +33.5% $156 / Sq Ft
02/27/2014 02/27/14 Sold $239,000 0.0% $55 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
01/07/2014 01/07/14 For Sale $239,000 -- $55 / 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 $1,166 $8,723 -- --
2024 $1,155 $8,308 -- --
2023 $1,155 $40,430 $8,080 $32,350
2022 $1,114 $32,060 $6,410 $25,650
2021 $1,106 $29,600 $5,920 $23,680
2020 $1,119 $26,500 $5,300 $21,200
2019 $1,117 $23,410 $4,680 $18,730
2018 $1,098 $19,510 $3,900 $15,610
2017 $1,072 $15,370 $3,070 $12,300
2016 $1,041 $12,000 $2,400 $9,600
2015 $964 $5,820 $1,160 $4,660
Source: Public Records

Agents Affiliated with this Home

  • Andrew Engel

    Seller's Agent in 2017

    Andrew Engel

    Invitation Homes

    (480) 299-3838

    25 Total Sales

    Section Image

  • Z

    Buyer's Agent in 2017

    Zachary Silvernail

    DPR Realty

    Section Image

  • L

    Seller's Agent in 2014

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2014

    Lois Kaipainen

    Income Property Shop

    Section Image
  • Michelle Conley

    Buyer's Agent in 2014

    Michelle Conley

    HomeSmart Realty

    (602) 903-8258

    36 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5642647

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-02-020

Arizona Maricopa County Phoenix 85007 Governmental Mall

1524 W Monroe St, Phoenix, AZ

This home is located at 1524 W Monroe St, Phoenix, AZ 85007 and is currently priced at $319,000, approximately $73 per square foot. This property was built in 1916. 1524 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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