NOT LISTED FOR SALE

Estimated Value: $583,000 - $1,439,000

8 Beds
-- Bath
2,176 Sq Ft
$507/Sq Ft Est. Value

Last Sold September 17, 2021

Last sale price $1,090,000 $501 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,956/month

11 Days on Market

Highlights

  • Community Barbecue Grill
  • Central Air
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of September 2021

1625 & 1629 West Fillmore Street is an 8-Unit apartment community, built in 1959 and is of block construction. Comprised of (8) 1-Bedroom / 1-Bathroom units with all units being roughly 540 Square Feet, the property features an on-site laundry facility. All (8) units were recently renovated, the exterior underwent extensive renovations that were completed in 2021. Additional value is to be had through increasing rents to market levels along with the installation of in-suite W/D. All tenants are on month-to-month leases, (1) unit is leased at $1,000/month with the other (7) averaging roughly $725/month. The property is just minutes from the heart of Downtown Phoenix and provides immediate access to both the I-17 & I-10 Freeways. Must be sold with 1629 W Fillmore Street.

Last Agent to Sell the Property

Carson Griesemer

ABI Multifamily License #SA686764000 Listed on: 06/23/2021

Co-Listed By

Mitchell Drake

ABI Multifamily License #SA675761000

Last Buyer's Agent

Carson Griesemer

ABI Multifamily License #SA686764000 Listed on: 06/23/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,006

Year Built

  • Built in 1959

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Central Air
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 5 / 1
  • Assessor Parcel Number 111-26-052

Community Details

Overview

  • 4 Units
  • Building Dimensions are 125 Ft x 51 Ft
  • East Oakland Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $1,006
  • Gross Income $89,168
  • Net Operating Income $62,136

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,006

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: Fillmore Street & 16th Avenue
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Year Built: 1959
  • Tax Year: 2020
  • Road Surface Type: Asphalt, Concrete, Alley
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: EAST OAKLAND
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Other, See Remarks, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Other (See Remarks)24: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual, Other, See Remarks
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Barbecue, No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Community Amenities:Barbecue: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Lot Info

  • Lot Size: 125 Ft x 51 Ft
  • Additional Parcels: Yes
  • Parcel #: 111-26-052

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 89168.4
  • Property Net Operating Income: 62136.0
  • Annual Operating Expense: 1006.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 1006.0
  • Tax Block: 1
  • Tax Book Number: 111.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2023
Sold by
Filmoreaz Llc
Bought by
Filmoreaz Llc
Current Estimated Value
$1,102,667

Purchase Details

Listed on
Jun 23, 2021
Closed on
Sep 20, 2021
Sold by
Gupta Rajat and Gupta Puja
Bought by
Filmoreaz Llc
Seller's Agent
Carson Griesemer
ABI Multifamily
Buyer's Agent
Carson Griesemer
ABI Multifamily
List Price
$1,090,000
Sold Price
$1,090,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.29%
Original Mortgage
$397,500
Interest Rate
2.8%

Purchase Details

Closed on
Dec 6, 2019
Sold by
Avelar Raymond and Avelar Christina
Bought by
Gold Khai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 29, 2015
Closed on
Feb 2, 2016
Sold by
Rebuck Stephen S and Rebuck Colleen T
Bought by
Avelar Raymond M and Avelar Christina M
Seller's Agent
Colleen Rebuck
My Home Group Real Estate
Buyer's Agent
Tammy Swain
Berkshire Hathaway HomeServices Arizona Properties
List Price
$149,900
Sold Price
$147,500
Premium/Discount to List
-$2,400
-1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.20%
Original Mortgage
$98,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 10, 2013
Closed on
May 2, 2013
Sold by
Driscoll Timothy J
Bought by
Drsicoll Mellissa
Seller's Agent
Robert Passariello
Realty Executives Arizona Territory
Buyer's Agent
Michael Rebuck
Show Appeal Realty
List Price
$139,000
Sold Price
$135,000
Premium/Discount to List
-$4,000
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.24%

Purchase Details

Listed on
Apr 10, 2013
Closed on
May 1, 2013
Sold by
Fulcker Clinton
Bought by
Fulcher Nancy Jean
Seller's Agent
Robert Passariello
Realty Executives Arizona Territory
Buyer's Agent
Michael Rebuck
Show Appeal Realty
List Price
$139,000
Sold Price
$135,000
Premium/Discount to List
-$4,000
-2.88%

Purchase Details

Closed on
May 7, 2009
Sold by
Aurora Loan Service Llc
Bought by
Passariello Robert and Weightman Kelly Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2009
Sold by
Jimenez Sophia M
Bought by
Aurora Loan Services

Purchase Details

Closed on
Apr 26, 2006
Sold by
Jimenez Sophia M
Bought by
Jimenez Sophia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2004
Sold by
Jimenez Angel A
Bought by
Jimenez Sophia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
8.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2003
Sold by
Thota Sreenath
Bought by
Rajsree Llc

Purchase Details

Closed on
Sep 4, 2001
Sold by
Gmp Family Ltd Partnership
Bought by
Thota Sreenath

Purchase Details

Closed on
Aug 24, 2001
Sold by
Akkireddi Padmalatha
Bought by
Thota Sreenath

Purchase Details

Closed on
Apr 17, 2001
Sold by
Parry Holdings Corp
Bought by
Gmp Family Ltd Partnership

Purchase Details

Closed on
Mar 17, 1999
Sold by
Parry Holdings Corp
Bought by
Parry Mark B

Purchase Details

Closed on
Mar 15, 1999
Sold by
Parry Angela A
Bought by
Parry Mark B

Purchase Details

Closed on
Nov 12, 1997
Sold by
Parry Angela Ann
Bought by
Parry Mark B

Purchase Details

Closed on
Apr 8, 1997
Sold by
Dunlap Jarrett L and Dunlap Carol
Bought by
Parry Holdings Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.66%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 28, 1994
Sold by
Taylor Roger U
Bought by
Haney David and Goldmark Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
8.78%
Mortgage Type
Seller Take Back
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
Filmoreaz Llc -- --
Filmoreaz Llc -- Accommodation
Gupta Rajat $530,000 Pioneer Title Agency Inc
Gold Khai $540,000 Pioneer Title Agency Inc
Avelar Raymond M $147,500 Chicago Title Agency Inc
Drsicoll Mellissa -- U S Title Agency Llc
Fulcher Nancy Jean -- U S Title Agency Llc
Passariello Robert $71,500 Empire West Title Agency Llc
Aurora Loan Services $105,600 Accommodation
Jimenez Sophia M -- Transnation Title Southland
Jimenez Sophia M -- Transnation Title Ins Co
Jimenez Sophia M $155,000 Transnation Title Ins Co
Rajsree Llc -- --
Thota Sreenath $130,000 Capital Title Agency
Thota Sreenath -- Capital Title Agency
Gmp Family Ltd Partnership $250,000 Capital Title Agency
Parry Mark B -- Transnation Title Ins Co
Parry Mark B -- Transnation Title Ins Co
Parry Mark B -- Capital Title Agency
Parry Holdings Corp $41,000 Ati Title Agency
Haney David $160,000 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gupta Rajat $397,500
Previous Owner Gold Khai $432,000
Previous Owner Avelar Raymond M $98,000
Previous Owner Passariello Robert $50,000
Previous Owner Jimenez Sophia M $195,000
Previous Owner Jimenez Sophia M $139,500
Previous Owner Parry Holdings Corp $35,000
Previous Owner Haney David $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/17/2021 09/17/21 Sold $1,090,000 0.0% $501 / Sq Ft
09/01/2021 09/01/21 For Sale $1,090,000 0.0% $501 / Sq Ft
06/21/2021 06/21/21 For Sale $1,090,000 +639.0% $501 / Sq Ft
02/10/2016 02/10/16 Sold $147,500 -1.6% $68 / Sq Ft View Prior Sale
01/07/2016 01/07/16 Pending -- -- --
11/29/2015 11/29/15 For Sale $149,900 +11.0% $69 / Sq Ft
05/03/2013 05/03/13 Sold $135,000 -2.9% $62 / Sq Ft View Prior Sale
04/18/2013 04/18/13 Pending -- -- --
04/09/2013 04/09/13 For Sale $139,000 -- $64 / 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 $1,049 $7,846 -- --
2024 $1,039 $7,472 -- --
2023 $1,039 $44,580 $8,910 $35,670
2022 $1,002 $30,710 $6,140 $24,570
2021 $995 $25,410 $5,080 $20,330
2020 $1,006 $23,700 $4,740 $18,960
2019 $1,004 $19,820 $3,960 $15,860
2018 $987 $15,070 $3,010 $12,060
2017 $964 $14,660 $2,930 $11,730
2016 $937 $13,230 $2,640 $10,590
2015 $867 $8,580 $1,710 $6,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6254820

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-26-052