Melani Beauregard
eXp Realty
(623) 323-6876
148 Total Sales
2 in Garfield
$513K - $525K Price Range
Estimated Value: $267,000 - $460,000
These are 2 lots are ready for development!
APN 116-46-074 and 116-46-075.
Two adjacent parcels in downtown Phoenix.
Both lots are 50' x 140' or 7,000 square feet. Total is 100' x 140' for a combined 14,000 square feet or .32 acres.
1537 E. Monroe is zoned R5 and 1539 is zoned C3 which allows for residential use.
The lots are located in one of the hottest redevelopment areas of Phoenix with nearby light rail, employment, education and entertainment centers. Lots are in designated Opportunity Zone and within several other special zoning, development and transportation schemes.
Lot is fenced on 3 sides with a large gate providing alley access.
There are currently 5 small structures on the commercial lot (vacant). These structures are approximately 300 square feet each with a toilet and sink. Tenant improvements would be required to make these tenantable but, a couple have been leased to commercial tenants in the recent past by the prior owner (current owner does not have information on terms).
Prior owner commissioned site plan which allows for 16 - 21 residential units across three stories above 28 parking spaces on the ground level. Current owner has also reviewed an alternative duplex development on each lot with a local developer of duplexes in the area.
{buyer to confirm all calculations and measurements}
Last Agent to Sell the Property
Robert Hershey
My Home Group Real Estate License #BR506143000 Listed on: 10/25/2023
Melani Beauregard
eXp Realty
(623) 323-6876
148 Total Sales
2 in Garfield
$513K - $525K Price Range
Ginny Solis-Wright
W and Partners, LLC
(480) 933-4418
148 Total Sales
1 in Garfield
$434,000 Price
Alexander Prewitt
Real Broker
(520) 214-6602
444 Total Sales
1 in Garfield
$534,900 Price
Ricardo Derabuni
My Home Group Real Estate
(623) 404-8783
27 Total Sales
1 in Garfield
$386,000 Price
Caitlin Bronsky
Real Broker
(855) 793-9672
100 Total Sales
1 in Garfield
$415,000 Price
Kim Panozzo
HomeSmart
(623) 888-8019
882 Total Sales
2 in Garfield
$300K - $394K Price Range
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/31/2024 05/31/24 | Sold | $460,000 | -6.1% | -- |
| 05/08/2024 05/08/24 | Pending | -- | -- | -- |
| 04/15/2024 04/15/24 | Price Changed | $490,000 | -2.2% | -- |
| 01/05/2024 01/05/24 | Price Changed | $501,000 | -8.9% | -- |
| 10/25/2023 10/25/23 | For Sale | $550,000 | -- | -- |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $636 | $4,478 | ||
| 2024 | $593 | $4,264 | ||
| 2023 | $593 | $18,880 | $3,770 | $15,110 |
| 2022 | $572 | $16,050 | $3,210 | $12,840 |
| 2021 | $568 | $9,800 | $1,960 | $7,840 |
| 2020 | $574 | $9,310 | $1,860 | $7,450 |
| 2019 | $573 | $6,260 | $1,250 | $5,010 |
| 2018 | $563 | $6,100 | $1,220 | $4,880 |
| 2017 | $550 | $5,050 | $1,010 | $4,040 |
| 2016 | $535 | $4,330 | $860 | $3,470 |
| 2015 | $495 | $4,060 | $810 | $3,250 |
RH
Seller's Agent in 2024
Robert Hershey
My Home Group Real Estate
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6622364
APN: 116-46-075A
Ask me questions while you tour the home.