NOT LISTED FOR SALE

1629 E Wood St Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $493,000 - $568,000

4 Beds
-- Bath
3,060 Sq Ft
$177/Sq Ft Est. Value

Sale Details

Date Sold: December 29, 2016

Last sale price $221,000 $72 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $3,041 / mo

5 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of December 2016

Great investment property with excellent, easy cash flow. Units rent quick, Remodeled in 2012 with new A/C units and water heaters. Minimal maintenance and easy to self manage. Each unit has a separate storage room and there is onsite, leased coin-op laundry.

Last Agent to Sell the Property

Christopher Jones

Buena Vista Realty License #BR643096000 Listed on: 11/07/2016

Last Buyer's Agent

Aaron Carter

Cambridge Properties License #BR646960000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $614

Year Built

  • Built in 1985

Lot Details

  • 9,975

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Individual Controls for Heating
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 122-39-017-D

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9975

Building Details

  • Operating Expense $8,308
  • Gross Income $27,759
  • Net Operating Income $20,095

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$614

Year Built

Built in 1985

Lot Details

9,975 Sq Ft Lot

Listing Details

  • Cross Street: 16th St & Broadway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2016
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Siding, Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Individual, Heat Pump
  • Heating: Individual, Central, 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
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 9975
  • Additional Parcels: No
  • Parcel #: 122-39-017-D

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 450.0
  • Annual Gross Income: 27759.0
  • Insurance Expense: 1364.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 20095.0
  • Annual Operating Expense: 8308.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 614.0
  • Tax Book Number: 122.00
  • Tax Lot: 0

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

Closed on
Jun 6, 2017
Sold by
Bought by
Current Estimated Value
$542,049

Purchase Details

Listed on
Nov 7, 2016
Closed on
Dec 19, 2016
Sold by
Bought by
Seller's Agent
Christopher Jones
Buena Vista Realty
Buyer's Agent
Aaron Carter
Cambridge Properties
List Price
$219,000
Sold Price
$221,000
Premium/Discount to List
$2,000
0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.81%
Original Mortgage
$216,997
Outstanding Balance
$172,997
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$369,052

Purchase Details

Closed on
Feb 21, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
3.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2006
Sold by
Bought by

Purchase Details

Closed on
Mar 7, 2005
Sold by
Bought by

Purchase Details

Closed on
Dec 20, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 14, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
-- None Available
$221,000 Old Republic Title Agency
-- None Available
$40,000 None Available
$20,000 Lawyers Title Of Arizona Inc
-- None Available
-- --
$230,500 First American Title Ins Co
$160,000 First American Title Ins Co
-- --
$92,000 Fidelity Title
$29,000 United Title Agency
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
Open $216,997
Previous Owner $85,000
Previous Owner $60,000
Previous Owner $161,000
Previous Owner $120,000
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
12/29/2016 12/29/16 Sold $221,000 +0.9% $72 / Sq Ft
11/07/2016 11/07/16 For Sale $219,000 -- $72 / 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 $770 $5,105
2024 $729 $4,862
2023 $729 $48,250 $9,650 $38,600
2022 $714 $30,500 $6,100 $24,400
2021 $728 $24,270 $4,850 $19,420
2020 $719 $19,110 $3,820 $15,290
2019 $696 $14,480 $2,890 $11,590
2018 $677 $11,470 $2,290 $9,180
2017 $646 $13,210 $2,640 $10,570
2016 $614 $11,770 $2,350 $9,420
2015 $578 $4,460 $890 $3,570
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Christopher Jones

    Buena Vista Realty

    (602) 903-6703

    17 Total Sales

    Christopher Jones
    Section Image
  • Aaron Carter

    Buyer's Agent in 2016

    Aaron Carter

    Cambridge Properties

    (480) 236-3103

    5 in this area

    137 Total Sales

    Aaron Carter
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5521938

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-39-017D

Arizona Maricopa County Phoenix 85040 South Mountain

1629 E Wood St, Phoenix, AZ

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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