$410,000
SOLD OCT 10, 2024

1626 N 7th St Phoenix, AZ 85006

Alvarado Historic District Neighborhood
-- Bed
-- Bath
975 Sq Ft
5,038 Sq Ft Lot

Recently Sold

$421 Per Sq Ft

27 Days on Market

Highlights

  • Central Air
  • Vinyl Flooring
  • 4-minute walk to Townsend Park
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of October 2024

Presenting a prime investment opportunity in the heart of Phoenix, this charming 974 SF building offers an exceptional location and historic appeal. With a versatile layout encompassing 1 unit, built in 1939, this property is zoned C-C & C-2, providing flexibility for various business endeavors. Situated in a central area of Phoenix, this property benefits from high visibility and accessibility, making it an ideal choice for an office or office building investor seeking a strategic addition to their portfolio. Don't miss this chance to acquire a piece of Phoenix's rich history while securing a promising investment in a sought-after location.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 09/30/2024

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,499

Year Built

  • Built in 1939

Lot Details

  • 5,038 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned C2,,CC

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • 975 Sq Ft Home
  • Vinyl Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • Los Olivos 22 Thru 29, 32, 27 Subdivision

Listing and Financial Details

  • Tax Lot 51
  • Assessor Parcel Number 118-54-041

Property Details

Property Type

Other

Est. Annual Taxes

$3,499

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Cross Street: 7th St and McDowell
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C2,,CC
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1939
  • Tax Year: 2023
  • Directions: North on 7th Street to property
  • Lot Size Acres: 0.12
  • Subdivision Name: LOS OLIVOS 22 THRU 29, 32, 27
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Vinyl
  • Living Area: 975.0

Exterior Features

  • Fencing: Block
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 5038.0
  • Parcel #: 118-54-041
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3499.0
  • Tax Book Number: 118.00
  • Tax Lot: 51
  • Tax Map Number: 54.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Sep 26, 2024
Sold by
Sunrise Point Financial Llc
Bought by
Blind Tiger Tattoo Llc
Seller's Agent
Don Mortensen
LRA Real Estate Group, LLC
Buyer's Agent
Don Mortensen
LRA Real Estate Group, LLC
List Price
$2,800
Sold Price
$2,800
Views
47
Current Estimated Value
$401,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,357
Original Mortgage
$173,000
Outstanding Balance
$172,021
Interest Rate
6.35%

Purchase Details

Closed on
Aug 14, 2020
Sold by
Big Fish Investments Llc
Bought by
Sunrise Point Financial Llc

Purchase Details

Closed on
Sep 17, 2019
Sold by
Webb Land Investments Inc
Bought by
Big Fish Ivestments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 2018
Sold by
Cao John Ngoc and Cao Vinita Rani
Bought by
Webb Land Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,900
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 2009
Sold by
Roby Cheryl J
Bought by
Cao John Ngoc and Cao Vinita Rani

Purchase Details

Closed on
Mar 10, 2005
Sold by
Lidner Marilyn
Bought by
Roby Cheryl J

Purchase Details

Closed on
Oct 15, 1998
Sold by
Lessig Terry W and Lessig Bonnie M
Bought by
Lidner Marilyn
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $410,000 Security Title Agency
Trustee Deed $305,000 Great American Title Agency
Warranty Deed $349,000 Chicago Title Agency
Special Warranty Deed $215,000 Pioneer Title Agency Inc
Cash Sale Deed $100,000 Stewart Title Guaranty Compa
Cash Sale Deed $184,900 Grand Canyon Title Agency In
Cash Sale Deed $75,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $173,000 No Value Available
Closed $215,000 New Conventional
Previous Owner $300,000 Commercial
Previous Owner $10,072 Unknown
Previous Owner $227,900 Purchase Money Mortgage
Previous Owner $80,000 Commercial
Previous Owner $0 Unknown
Previous Owner $0 Unknown
Previous Owner $0 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold $2,800 -99.3% $3 / Sq Ft
10/10/2024 10/10/24 Sold $410,000 0.0% $421 / Sq Ft
07/17/2024 07/17/24 Pending -- -- --
07/11/2024 07/11/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $410,000 +14542.9% $421 / Sq Ft
06/13/2024 06/13/24 For Sale $2,800 -- $3 / 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 $3,429 $24,864 -- --
2024 $3,499 $24,420 -- --
2023 $3,499 $43,027 $31,399 $11,628
2022 $3,474 $34,825 $22,820 $12,005
2021 $3,546 $35,298 $23,472 $11,826
2020 $3,587 $29,772 $16,362 $13,410
2019 $3,581 $32,976 $13,266 $19,710
2018 $3,520 $26,100 $11,844 $14,256
2017 $3,438 $21,924 $12,348 $9,576
2016 $3,339 $19,962 $11,538 $8,424
2015 $3,176 $17,649 $11,692 $5,957
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2024

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    2 in this area

    124 Total Sales

    Don Mortensen
    Section Image

  • N

    Buyer's Agent in 2024

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6718594

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-54-041

Arizona Maricopa County Phoenix 85004 Alvarado Historic District

1626 N 7th St, Phoenix, AZ

This home is located at 1626 N 7th St, Phoenix, AZ 85006 and is currently priced at $410,000, approximately $420 per square foot. This property was built in 1939. 1626 N 7th St is a home located in Maricopa County with nearby schools including Emerson 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

Nearby Homes