S
Seller's Agent in 2020
Scott Trevey
REI Marketing
1636 W Garfield St Phoenix, AZ 85007
Central City NeighborhoodEstimated Value: $476,000 - $669,000
Studio
--
Bath
1,242
Sq Ft
$456/Sq Ft
Est. Value
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Central Heating
- Phoenix Coding Academy Rated A
About This Home
As of June 2020This updated four-plex consists of four 2-bedroom / 1-bath rental units of approx 621 SF. Three (3) of them have been tastefully remodeled to include in-unit stackable washer-dryers, new cabinets and counters, new backsplashes, vanities, windows, lighting and appliances. And with the installation of new A/C units, upgraded electrical service panels, and a beautiful new parking lot- the heavy lifting has been done. Value-Add going forward could be finishing the last unit and to simply move the leases to market rents. One of the renovated units is currently rented at $995, and another leased at $1,025 PLUS both collect $40 in R.U.B.S. Proximity to downtown, midtown and the valley freeways provides tenants easy access to valley employment, shopping and more.
Last Agent to Sell the Property
Scott Trevey
REI Marketing License #SA539099000 Listed on: 05/07/2020
Last Buyer's Agent
Jason Mitchell
Jason Mitchell Real Estate License #SA575892000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $912
Year Built
- Built in 1983
Lot Details
- 6,665
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Ceramic Tile
- Vinyl
Parking
- 16 Open Parking Spaces
- 16 Parking Spaces
- Paved Parking
Utilities
- Cooling Available
- Central Heating
- Heat Pump System
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer
- Legal Lot and Block 18 / 1
- Assessor Parcel Number 111-25-064
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are irreg
- Las Flores Subdivision
Building Details
- Operating Expense $14,880
- Gross Income $44,897
- Net Operating Income $30,073
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 7, 2020
Closed on
Jun 29, 2020
Sold by
Nakauchi Gary James
Bought by
Marshall Daniel John
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Jason Mitchell
Jason Mitchell Real Estate
List Price
$455,000
Sold Price
$460,000
Premium/Discount to List
$5,000
1.1%
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
$106,637
Avg. Annual Appreciation
3.77%
Original Mortgage
$460,000
Outstanding Balance
$408,654
Interest Rate
3.2%
Mortgage Type
VA
Estimated Equity
$157,983
Purchase Details
Listed on
Sep 25, 2019
Closed on
Oct 10, 2019
Sold by
Gold Khai
Bought by
Nakauchi Gary James
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Merida Lee
Nexthome Prime Real Estate
List Price
$375,000
Sold Price
$363,000
Premium/Discount to List
-$12,000
-3.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.59%
Purchase Details
Closed on
Jan 16, 2019
Sold by
Lopez Andrade Jose Jorge
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
$212,500
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Oct 9, 2016
Closed on
Sep 12, 2016
Sold by
Vazquez Gricelda
Bought by
Lopez Andrade Jose Jorge
Seller's Agent
Maurice Gilder
Delex Realty
Buyer's Agent
Maurice Gilder
Delex Realty
List Price
$149,000
Sold Price
$158,000
Premium/Discount to List
$9,000
6.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.65%
Purchase Details
Closed on
Sep 8, 2010
Sold by
Alvarez Luis F
Bought by
Vazquez Gricelda
Purchase Details
Closed on
Sep 30, 2004
Sold by
Alvarez Arturo F and Alvarez Luis F
Bought by
Alvarez Luis F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
4.21%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 22, 2004
Sold by
Alvarez Arturo F
Bought by
Alvarez Arturo F and Arturo Luis F
Purchase Details
Closed on
Nov 25, 2002
Sold by
Mendoza Olga and Mendoza Carlos
Bought by
Alvarez Arturo F
Purchase Details
Closed on
Aug 31, 1999
Sold by
Commercial Diversified Services Inc
Bought by
Mendoza Carlos and Mendoza Olga
Purchase Details
Closed on
Aug 31, 1995
Sold by
Stanley Earnest M and Lundmark Leonard W
Bought by
Commercial Diversified Services Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,200
Interest Rate
7.83%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 31, 1994
Sold by
Stanley Nina G
Bought by
Stanley Ernest M
Purchase Details
Closed on
Dec 30, 1994
Sold by
Boelsma Wayne and Boelsma Daphne V
Bought by
Stanley Ernest M and Lundmark Leonard W
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Marshall Daniel John | $460,000 | American Title Svc Agcy Llc | |
| Nakauchi Gary James | $363,000 | Empire West Title Agency Llc | |
| Gold Khai | $240,000 | Security Title Agency Inc | |
| Andrade Jose Jorge Lopez | -- | Security Title Agency Inc | |
| Lopez Andrade Jose Jorge | -- | None Available | |
| Vazquez Gricelda | $40,000 | Empire West Title Agency | |
| Alvarez Luis F | -- | Fidelity National Title | |
| Alvarez Arturo F | -- | -- | |
| Alvarez Arturo F | -- | Fidelity National Title | |
| Alvarez Arturo F | -- | Fidelity National Title | |
| Mendoza Carlos | -- | Fidelity Title | |
| Commercial Diversified Services Inc | $50,200 | North American Title Agency | |
| Stanley Ernest M | -- | -- | |
| Lundmark Leonard W | -- | -- | |
| Stanley Ernest M | -- | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Marshall Daniel John | $460,000 | |
| Previous Owner | Gold Khai | $212,500 | |
| Previous Owner | Alvarez Luis F | $136,000 | |
| Previous Owner | Commercial Diversified Services Inc | $42,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/20/2023 05/20/23 | Off Market | $460,000 | -- | -- | |
| 06/30/2020 06/30/20 | Sold | $460,000 | +1.1% | $370 / Sq Ft | |
| 06/25/2020 06/25/20 | Price Changed | $455,000 | 0.0% | $366 / Sq Ft | |
| 05/18/2020 05/18/20 | Pending | -- | -- | -- | |
| 05/07/2020 05/07/20 | For Sale | $455,000 | +25.3% | $366 / Sq Ft | |
| 10/15/2019 10/15/19 | Sold | $363,000 | -3.2% | $292 / Sq Ft | View Prior Sale |
| 10/02/2019 10/02/19 | Pending | -- | -- | -- | |
| 09/24/2019 09/24/19 | For Sale | $375,000 | +137.3% | $302 / Sq Ft | |
| 10/17/2016 10/17/16 | Sold | $158,000 | +6.0% | $127 / Sq Ft | View Prior Sale |
| 10/01/2016 10/01/16 | For Sale | $149,000 | -- | $120 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $1,012 | $7,124 | -- | -- |
| 2024 | $943 | $6,784 | -- | -- |
| 2023 | $943 | $40,800 | $8,160 | $32,640 |
| 2022 | $910 | $27,260 | $5,450 | $21,810 |
| 2021 | $903 | $22,160 | $4,430 | $17,730 |
| 2020 | $914 | $21,620 | $4,320 | $17,300 |
| 2019 | $912 | $19,700 | $3,940 | $15,760 |
| 2018 | $896 | $15,380 | $3,070 | $12,310 |
| 2017 | $876 | $13,630 | $2,720 | $10,910 |
| 2016 | $850 | $11,960 | $2,390 | $9,570 |
| 2015 | $787 | $7,720 | $1,540 | $6,180 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Buyer's Agent in 2020
Jason Mitchell
Jason Mitchell Real Estate
-
Thomas Gremo
Buyer Co-Listing Agent in 2020
Thomas Gremo
Jason Mitchell Real Estate
(774) 272-1194
1 in this area
54 Total Sales
-
Linda Gerchick
Seller's Agent in 2019
Linda Gerchick
Gerchick Real Estate
(602) 688-9279
12 in this area
112 Total Sales
-
M
Buyer's Agent in 2019
Merida Lee
Nexthome Prime Real Estate
-
Maurice Gilder
M
Seller's Agent in 2016
Maurice Gilder
Delex Realty
(623) 334-3744
3 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6075494
APN: 111-25-064
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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