NOT LISTED FOR SALE

1538 W Mcdowell Rd Phoenix, AZ 85007

Estimated Value: $766,000 - $911,000

6 Beds
-- Bath
3,081 Sq Ft
$275/Sq Ft Est. Value

Last Sold March 02, 2020

Last sale price $442,000 $143 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,880/month

86 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heat Pump System
  • Maie Bartlett Heard Elementary School Rated 9+
  • Ceiling Fan

About This Home

As of March 2020

WOW!!! What an amazing find in a historic district. All brick and on Mcdowell for good rental exposure. There are two 2 bedroom 1 bath units and two 1 bedroom 1 bath units. This is a great value add opportunity. All facts and figuers are approximate buyer verify MLS info. Drive by only!

Last Agent to Sell the Property

Jason Penrose

eXp Realty License #BR518159000 Listed on: 11/15/2019

eXp Realty

Last Buyer's Agent

Chad Barber

Fenix CRE License #BR646108000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,716

Year Built

  • Built in 1952

Lot Details

  • 6,273

Home Design

  • Brick Exterior Construction
  • Tile Roof

Flooring

  • Wood
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 95 / 7
  • Assessor Parcel Number 111-07-124

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0
  • Fairview Place Blks 5 8 Subdivision

Building Details

  • Operating Expense $6,516
  • Gross Income $33,630
  • Net Operating Income $27,114

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,716

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Cross Street: 15th Ave. & McDowell Rd.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1952
  • Tax Year: 2019
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: FAIRVIEW PLACE BLKS 5-8
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Brick
  • Roof: Tile

Garage/Parking

  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Drapes2: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 111-07-124

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 33630.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 27114.0
  • Annual Operating Expense: 6516.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1716.0
  • Tax Block: 7
  • Tax Book Number: 111.00
  • Tax Lot: 95

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 4, 2022
Sold by
D & M Commercial Llc
Bought by
1538 Mcdowell Llc
Total Days on Market
86
Current Estimated Value
$846,000

Purchase Details

Closed on
Jan 20, 2022
Sold by
D & M Commercial Llc
Bought by
1538 Mcdowell Llc

Purchase Details

Listed on
Nov 15, 2019
Closed on
Feb 26, 2020
Sold by
Magana Anna
Bought by
Blackhawk On Mcdowell Llc
Seller's Agent
Jason Penrose
eXp Realty
Buyer's Agent
Chad Barber
Fenix CRE
List Price
$495,500
Sold Price
$442,000
Premium/Discount to List
-$53,500
-10.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.11%
Original Mortgage
$519,830
Interest Rate
3.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 22, 2005
Sold by
Mehan Michael and Mehan Sarah J
Bought by
Magana Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2002
Sold by
Mehan Michael and Mehan Sarah J
Bought by
Mehan Michael and Mehan Sarah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.09%

Purchase Details

Closed on
Mar 14, 2002
Sold by
Mehan Mike and Mehan Sarah
Bought by
The Mehan Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2002
Sold by
Fleming Mark S and Reardon Margaret E
Bought by
Mehan Michael P and Mehan Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1997
Sold by
Fleming Mark S
Bought by
Fleming Mark S and Reardon Margaret E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,450
Interest Rate
7.31%
Source: Public Records

Range of Values:

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Average Value
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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
1538 Mcdowell Llc -- Life Planning Inc
1538 Mcdowell Llc -- Life Planning Inc
Blackhawk On Mcdowell Llc $442,000 Commonwealth Title
Magana Anna $340,000 Lawyers Title Ins
Mehan Michael -- Security Title Agency
Mehan Michael -- Security Title Agency
The Mehan Family Trust -- --
Mehan Michael P $140,000 Security Title Agency
Fleming Mark S -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blackhawk On Mcdowell Llc $519,830
Previous Owner Magana Anna $260,000
Previous Owner Mehan Michael $157,500
Previous Owner Mehan Michael P $105,000
Previous Owner Fleming Mark S $73,450
Closed Magana Anna $48,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2020 03/02/20 Sold $442,000 -3.9% $143 / Sq Ft
02/09/2020 02/09/20 Pending -- -- --
02/05/2020 02/05/20 Price Changed $459,900 -7.2% $149 / Sq Ft
02/03/2020 02/03/20 For Sale $495,500 0.0% $161 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
01/20/2020 01/20/20 For Sale $495,500 0.0% $161 / Sq Ft
01/10/2020 01/10/20 Pending -- -- --
11/16/2019 11/16/19 For Sale $495,500 +12.1% $161 / Sq Ft
11/16/2019 11/16/19 Off Market $442,000 -- --
11/15/2019 11/15/19 For Sale $495,500 -- $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 $1,792 $13,401 -- --
2024 $1,775 $12,762 -- --
2023 $1,775 $50,560 $10,110 $40,450
2022 $1,712 $47,780 $9,550 $38,230
2021 $1,699 $39,560 $7,910 $31,650
2020 $1,718 $32,680 $6,530 $26,150
2019 $1,716 $26,770 $5,350 $21,420
2018 $1,686 $20,280 $4,050 $16,230
2017 $1,647 $18,720 $3,740 $14,980
2016 $1,600 $15,150 $3,030 $12,120
2015 $1,480 $12,550 $2,510 $10,040
Source: Public Records

Agents Affiliated with this Home

  • Jason Penrose

    Seller's Agent in 2020

    Jason Penrose

    eXp Realty

    (602) 738-9943

    737 Total Sales

    Jason Penrose
    Section Image
  • Chad Barber

    Buyer's Agent in 2020

    Chad Barber

    Fenix CRE

    (602) 332-1768

    19 Total Sales

    Chad Barber
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6005469

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-07-124

Arizona Maricopa County Phoenix 85007

1538 W Mcdowell Rd, Phoenix, AZ

This home is located at 1538 W Mcdowell Rd, Phoenix, AZ 85007 since 15 November 2019 and is currently estimated at $846,000, approximately $274 per square foot. This property was built in 1952. 1538 W Mcdowell Rd is a home located in Maricopa County with nearby schools including Maie Bartlett Heard Elementary 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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