David Mendel
eXp Realty
(888) 586-2019
90 Total Sales
1 in Governmental Mall
$410,000 Price
1606 W Taylor St Phoenix, AZ 85007
Governmental Mall NeighborhoodEstimated Value: $548,000 - $780,000
--
Beds
2
Baths
1,224
Sq Ft
$588/Sq Ft
Est. Value
Highlights
- Central Air
- Ceiling Fan
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of October 2022Brand new remodeled fourplex with great rents. Townhome like apartments with PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $6,078, $72,936 yearly. 9.23% Gross Cap Rate, Tenant paid utilities on RUBS!! New HVAC in the 3 of the 4 units, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Unit mix of 2, 2 bed x1 bath, 2, 1 bed x 1 bath. This area is hot and transitioning in the Art District of Roosevelt. Hurry will not last with this strong of cashflow. Could add solar and reduce bills even more.
Last Agent to Sell the Property
Gentry Real Estate License #SA623899000 Listed on: 09/15/2022
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,671
Year Built
- Built in 1944
Lot Details
- 6,273
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Interior Spaces
- Ceiling Fan
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- Tenant pays for water, sewer
- The owner pays for trash collection, water, sewer
- Legal Lot and Block 21 / 1
- Assessor Parcel Number 111-26-068
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 50'X125'
- East Oakland Subdivision
Building Details
- Operating Expense $9,171
- Gross Income $81,456
- Net Operating Income $72,285
Ownership History
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
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 15, 2022
Closed on
Oct 25, 2022
Sold by
Fidelity 1St International Llc
Bought by
Seller's Agent
James Yancey
Gentry Real Estate
Buyer's Agent
Larry Burr
ATLAS AZ, LLC
List Price
$829,000
Sold Price
$819,000
Premium/Discount to List
-$10,000
-1.21%
Views
3
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$291,986
Avg. Annual Appreciation
-3.30%
Original Mortgage
$750,000
Interest Rate
5.22%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 4, 2021
Closed on
Feb 1, 2021
Sold by
Carbera Verela Lucio Guadalupe
Bought by
Carbera Verela Lucio Guadalupe
Seller's Agent
Raul Saenz
HomeSmart
Buyer's Agent
James Yancey
Gentry Real Estate
List Price
$269,000
Sold Price
$269,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
91.04%
Original Mortgage
$418,650
Interest Rate
2.6%
Mortgage Type
Construction
Purchase Details
Closed on
Feb 3, 2005
Sold by
Huntington Real Estate Investments Llc
Bought by
Cabrera Varela Lucio Guadalupe
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 18, 2005
Sold by
Cabrera Magdalena
Bought by
Cabrera Varela Lucio Guadalupe
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 12, 2003
Sold by
Huntington Carol J
Bought by
Huntington Real Estate Investments
Purchase Details
Closed on
Sep 4, 2002
Sold by
Entezari Nicole
Bought by
Huntington Carol J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,800
Interest Rate
6.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 18, 2002
Sold by
Hud
Bought by
Entezari Nicole
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,800
Interest Rate
6.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 31, 2002
Sold by
Madijidi Mohammad Reza
Bought by
Entezari Nicole
Purchase Details
Closed on
Jan 9, 2002
Sold by
First Horizon Home Loan Corp
Bought by
Hud
Purchase Details
Closed on
Dec 20, 2001
Sold by
Munguia Alex
Bought by
First Horizon Home Loan Corp and Affinity Wholesale Lending
Purchase Details
Closed on
Apr 20, 2000
Sold by
Whitlock Warren R and Whitlock Linda M
Bought by
Munguia Alex
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,847
Interest Rate
8.24%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 25, 1996
Sold by
Carter Jewel A
Bought by
Whitlock Warren R and Whitlock Linda M
Purchase Details
Closed on
Feb 28, 1995
Sold by
Carter Jewel A
Bought by
Carter Jewel A and Carter Living Trust
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Governmental Mall, AZ
-
David Mendel
-
Shannon Collins
Shannon Collins
HomeSmart
(623) 299-8246
58 Total Sales
2 in Governmental Mall
$250K - $275K Price Range
-
Sean O'Carroll
Sean O'Carroll
Citiea
(888) 597-5034
193 Total Sales
2 in Governmental Mall
$340,000 Price Range
-
Vince Correa
Vince Correa
eXp Realty
(623) 323-7308
11 Total Sales
1 in Governmental Mall
$305,000 Price
-
Heidi Majidi
Heidi Majidi
RE/MAX Fine Properties
(623) 253-8955
107 Total Sales
1 in Governmental Mall
$425,000 Price
-
Christopher Hendrick
Christopher Hendrick
Responds QuicklyProperty For You Realty
(623) 295-2577
100 Total Sales
1 in Governmental Mall
$650,000 Price
Purchase History
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $819,000 | First Integrity Title | ||
| Carbera Verela Lucio Guadalupe | -- | Pioneer Title Agency Inc | |
| Fidelity First International Llc | $269,000 | Pioneer Title Agency Inc | |
| Cabrera Varela Lucio Guadalupe | $145,000 | Fidelity National Title | |
| Cabrera Varela Lucio Guadalupe | -- | Fidelity National Title | |
| Huntington Real Estate Investments | -- | Transnation Title Ins Co | |
| Huntington Carol J | $81,000 | First American Title Ins Co | |
| Entezari Nicole | -- | First American Title | |
| Entezari Nicole | -- | First American Title Ins Co | |
| Hud | -- | Fidelity National Title | |
| First Horizon Home Loan Corp | $100,762 | Fidelity National Title | |
| Munguia Alex | $92,605 | Grand Canyon Title Agency In | |
| Whitlock Warren R | $55,000 | Grand Canyon Title Agency In | |
| Carter Jewel A | -- | -- |
Source: Public Records
Mortgage History
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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $750,000 | ||
| Previous Owner | Fidelity First International Llc | $418,650 | |
| Previous Owner | Cabrera Varela Lucio G | $30,000 | |
| Previous Owner | Cabrera Varela Lucio Guadalupe | $116,000 | |
| Previous Owner | Cabrera Varela Lucio Guadalupe | $116,000 | |
| Previous Owner | Huntington Carol J | $64,800 | |
| Previous Owner | Munguia Alex | $91,847 |
Source: Public Records
Property History
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 | Prior Sale |
|---|---|---|---|---|---|
| 10/25/2022 10/25/22 | Sold | $819,000 | -1.2% | $669 / Sq Ft | |
| 09/14/2022 09/14/22 | For Sale | $829,000 | +208.2% | $677 / Sq Ft | |
| 02/03/2021 02/03/21 | Sold | $269,000 | 0.0% | $220 / Sq Ft | View Prior Sale |
| 02/02/2021 02/02/21 | For Sale | $269,000 | 0.0% | $220 / Sq Ft | |
| 01/19/2021 01/19/21 | Pending | -- | -- | -- | |
| 01/13/2021 01/13/21 | For Sale | $269,000 | 0.0% | $220 / Sq Ft | |
| 01/05/2021 01/05/21 | Off Market | $269,000 | -- | -- | |
| 01/04/2021 01/04/21 | For Sale | $269,000 | -- | $220 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
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 | $1,872 | $13,180 | ||
| 2024 | $1,746 | $12,553 | ||
| 2023 | $1,746 | $30,410 | $6,080 | $24,330 |
| 2022 | $1,684 | $25,320 | $5,060 | $20,260 |
| 2021 | $1,671 | $21,650 | $4,330 | $17,320 |
| 2020 | $1,690 | $18,150 | $3,630 | $14,520 |
| 2019 | $1,687 | $13,660 | $2,730 | $10,930 |
| 2018 | $623 | $11,630 | $2,320 | $9,310 |
| 2017 | $609 | $8,730 | $1,740 | $6,990 |
| 2016 | $591 | $8,110 | $1,620 | $6,490 |
| 2015 | $547 | $7,260 | $1,450 | $5,810 |
Source: Public Records
Agents Affiliated with this Home
-
James Yancey
JY
Seller's Agent in 2022
James Yancey
Gentry Real Estate
(480) 452-6227
2 in this area
15 Total Sales
-
Larry Burr
LB
Buyer's Agent in 2022
Larry Burr
ATLAS AZ, LLC
(480) 828-3283
1 in this area
83 Total Sales
-
Raul Saenz
RS
Seller's Agent in 2021
Raul Saenz
HomeSmart
(480) 233-7907
35 Total Sales
-
Danitza Roldan
Seller Co-Listing Agent in 2021
Danitza Roldan
HomeSmart
(602) 614-1019
46 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6463859
APN: 111-26-068
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.
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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