NOT LISTED FOR SALE

1530 E Pierce St Phoenix, AZ 85006

Garfield Neighborhood

Estimated Value: $747,000 - $849,000

-- Bed
-- Bath
1,920 Sq Ft
$423/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $602,500 $314 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,666/month

96 Days on Market

Highlights

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

About This Home

As of September 2020

Excellent investment opportunity in the heart of Phoenix. Fully occupied 4 unit garden style building in The Garfield District. Completely renovated building with new kitchens, bathrooms, flooring, fixtures, private yards and parking. This a a turn-key cash flow opportunity with long term leases in place and a 6.5% CAP Rate. Centrally located near ASU, UofA, Banner, VA and all the lifestyle services Downtown Phoenix has to offer.

Last Agent to Sell the Property

Brook Miller

RE/MAX Solutions License #BR533974000 Listed on: 05/11/2020

RE/MAX Solutions

Last Buyer's Agent

Corey Condit

eXp Realty License #BR584884000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $904

Year Built

  • Built in 1936

Lot Details

  • 6,882

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Garfield Elementary School
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 6 / 1
  • Assessor Parcel Number 116-19-183

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6,992
  • Wallace Tract Subdivision

Building Details

  • Operating Expense $6,904
  • Gross Income $49,020
  • Net Operating Income $42,116

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$904

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Cross Street: 16th St & ROOSEVELT
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1936
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: WALLACE TRACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • 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
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: 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:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Annual Water Sewer Expense: 4800.0

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 6,992
  • Additional Parcels: No
  • Parcel #: 116-19-183

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 49020.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 42116.0
  • Annual Operating Expense: 6904.0

Tax Info

  • Tax Annual Amount: 904.0
  • Tax Block: 1
  • Tax Book Number: 116.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2020
Closed on
Oct 1, 2020
Sold by
Danovich Sam
Bought by
Sam Danovich Properties Llc
Seller's Agent
Brook Miller
RE/MAX Solutions
Buyer's Agent
Corey Condit
eXp Realty
List Price
$650,000
Sold Price
$602,500
Premium/Discount to List
-$47,500
-7.31%
Current Estimated Value
$837,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,348
Avg. Annual Appreciation
6.98%
Original Mortgage
$442,500
Outstanding Balance
$398,001
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$438,762

Purchase Details

Listed on
May 11, 2020
Closed on
Sep 24, 2020
Sold by
Fen Investments Inc
Bought by
Danovich Sam
Seller's Agent
Brook Miller
RE/MAX Solutions
Buyer's Agent
Corey Condit
eXp Realty
List Price
$650,000
Sold Price
$602,500
Premium/Discount to List
-$47,500
-7.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,500
Outstanding Balance
$398,001
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$438,762

Purchase Details

Listed on
May 10, 2019
Closed on
Jun 18, 2019
Sold by
Vt Ventures Llc
Bought by
Fen Investments Inc
Seller's Agent
Chad Vice
HomeSmart
Buyer's Agent
Brook Miller
RE/MAX Solutions
List Price
$309,900
Sold Price
$292,000
Premium/Discount to List
-$17,900
-5.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
76.10%

Purchase Details

Closed on
Mar 25, 2019
Sold by
Beshe Sara and Beshe Sara M
Bought by
Vt Ventures Llc

Purchase Details

Closed on
Apr 27, 2010
Sold by
Gebretsodik Surafel
Bought by
Beshe Sara

Purchase Details

Closed on
Mar 26, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Gebretsadik Surafel and Beshe Sarah M

Purchase Details

Closed on
May 14, 2008
Sold by
Cazares Andres and Cubias Bernarda
Bought by
Deutsche Bank National Trust Co and Mlmi Trust Series 2007-Mln1

Purchase Details

Closed on
May 23, 2006
Sold by
Cazares Andres and Cubias Bernarda
Bought by
Barajas Jesus Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
8.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 1, 2005
Sold by
Deleon Angela M and De Leon Manuel E
Bought by
Cazares Andres and Cubias Bernarda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
8.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2004
Sold by
Deleon Angela M
Bought by
Gamino Gloria M and Zamora Pedro

Purchase Details

Closed on
Jul 2, 2004
Sold by
Gebretsadik Surafel M and Beshe Sara M
Bought by
Deleon Angela M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 2004
Sold by
Gebretsadik Surafel M and Beshe Sara M
Bought by
Deleon Manuel E and Deleon Angela M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2004
Sold by
Deleon Manuel E
Bought by
Deleon Angela M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2002
Sold by
Beshe Sara M
Bought by
Gebretsadik Surafel M and Beshe Sara M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,400
Interest Rate
6.86%

Purchase Details

Closed on
Dec 26, 2000
Sold by
Gebertsadik Surafel
Bought by
Beshe Sara Mamo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,705
Interest Rate
8.9%
Source: Public Records

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
Sam Danovich Properties Llc -- Clear Title Agency Of Az
Danovich Sam -- Clear Title Agency Of Az
Danovich Sam $602,500 Clear Title Agency Of Az
Fen Investments Inc $292,000 Valleywide Title Agency
Vt Ventures Llc $235,000 Valleywide Title Agency
Beshe Sara -- None Available
Gebretsadik Surafel $37,500 Lsi Title Agency
Deutsche Bank National Trust Co $164,940 None Available
Barajas Jesus Daniel $50,000 Stewart Title & Trust Of Pho
Cazares Andres $285,000 Stewart Title & Trust Of Pho
Gamino Gloria M -- Security Title Agency Inc
Deleon Angela M $133,000 Fidelity National Title
Deleon Manuel E $6,000 Fidelity National Title
Deleon Angela M -- Fidelity National Title
Gebretsadik Surafel M -- Capital Title Agency Inc
Beshe Sara Mamo -- Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Danovich Sam $442,500
Previous Owner Cazares Andres $280,500
Previous Owner Barajas Jesus Daniel $256,500
Previous Owner Cazares Andres $256,500
Previous Owner Cazares Andres $256,500
Previous Owner Deleon Angela M $101,600
Previous Owner Deleon Angela M $101,600
Previous Owner Gebretsadik Surafel M $88,400
Previous Owner Beshe Sara Mamo $82,705
Previous Owner Beshe Sara Mamo $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $602,500 -7.3% $314 / Sq Ft
09/26/2020 09/26/20 For Sale $650,000 0.0% $339 / Sq Ft
09/26/2020 09/26/20 Price Changed $650,000 0.0% $339 / Sq Ft
09/16/2020 09/16/20 For Sale $650,000 0.0% $339 / Sq Ft
09/16/2020 09/16/20 Price Changed $650,000 0.0% $339 / Sq Ft
05/09/2020 05/09/20 For Sale $650,000 +122.6% $339 / Sq Ft
06/19/2019 06/19/19 Sold $292,000 -5.8% $152 / Sq Ft
06/06/2019 06/06/19 Pending -- -- --
05/17/2019 05/17/19 For Sale $309,900 0.0% $161 / Sq Ft
05/13/2019 05/13/19 Pending -- -- --
05/10/2019 05/10/19 For Sale $309,900 -- $161 / 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 $944 $7,060 -- --
2024 $935 $6,723 -- --
2023 $935 $40,210 $8,040 $32,170
2022 $902 $26,660 $5,330 $21,330
2021 $895 $21,280 $4,250 $17,030
2020 $905 $17,580 $3,510 $14,070
2019 $904 $14,170 $2,830 $11,340
2018 $888 $11,830 $2,360 $9,470
2017 $868 $11,480 $2,290 $9,190
2016 $843 $8,460 $1,690 $6,770
2015 $780 $6,670 $1,330 $5,340
Source: Public Records

Agents Affiliated with this Home

  • Brook Miller

    Seller's Agent in 2020

    Brook Miller

    RE/MAX

    (602) 391-7164

    2 in this area

    144 Total Sales

    Section Image
  • Corey Condit

    Buyer's Agent in 2020

    Corey Condit

    eXp Realty

    (480) 720-7649

    1 in this area

    19 Total Sales

    Section Image
  • Chad Vice

    Seller's Agent in 2019

    Chad Vice

    HomeSmart

    (480) 476-3388

    1 in this area

    42 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6076921

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-19-183

Arizona Maricopa County Phoenix 85006 Garfield

1530 E Pierce St, Phoenix, AZ

This home is located at 1530 E Pierce St, Phoenix, AZ 85006 since 11 May 2020 and is currently estimated at $812,603, approximately $423 per square foot. This property was built in 1936. 1530 E Pierce 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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