NOT LISTED FOR SALE

1637 W Culver St Unit AB & C Phoenix, AZ 85007

Story Neighborhood

Estimated Value: $487,808 - $933,000

6 Beds
6 Baths
9,000 Sq Ft
$82/Sq Ft Est. Value

Last Sold June 15, 2020

Last sale price $337,500 $38 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $4,089/month

116 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of June 2020

**PRIME INVESTMENT OPPORTUNITY** Two Units, Well Maintained, Both Occupied with Low Turn Over rate & Great ROI! All Units Rented with Tenants that love unit style. PLUS, Tenants pay ALL Utilities! Community is Prime for GROWTH located near 10 fwy and 60 hwy. Plus, no HOA! Drive around community and enjoy! Unit AB features 4 bedrooms and Unit C features 2 bedrooms! Plus units includes garage! Run, don't walk to get this EXCELLENT INVESTMENT Property with Great ROI. Don't risk missing out! Call today for private showing!

Last Agent to Sell the Property

Sarah Porter

Arizona Property Management License #BR670980000 Listed on: 01/01/2020

Last Buyer's Agent

Jason Pyle

HomeSmart License #SA554183000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,861

Year Built

  • Built in 2004

Lot Details

  • 5,358

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer
  • Legal Lot and Block 3 / 36
  • Assessor Parcel Number 111-18-019

Community Details

Overview

  • 2 Units
  • Building Dimensions are 5,340
  • Story Addition Plat E Subdivision

Building Details

  • Operating Expense $6,580
  • Net Operating Income $20,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,861

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: 6TH Avenue and McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2004
  • Tax Year: 2019
  • Directions: South to Culver Street and west to the property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1800.0
  • Subdivision Name: STORY ADDITION PLAT E
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Garage Details: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 5,340
  • Additional Parcels: No
  • Parcel #: 111-18-019

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer
  • Number Of Units Total: 2
  • Insurance Expense: 2419.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 20900.0
  • Annual Operating Expense: 6580.0
  • Vacancy Allowance Rate: 1.0

Tax Info

  • Tax Annual Amount: 1861.0
  • Tax Block: 36
  • Tax Book Number: 111.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2020
Closed on
Jun 9, 2020
Sold by
Rivera Fernando and Vazquez Mayra
Bought by
Gnanam Aswini Ponneri Siva
Seller's Agent
Sarah Porter
Arizona Property Management
Buyer's Agent
Jason Pyle
HomeSmart
List Price
$350,000
Sold Price
$337,500
Premium/Discount to List
-$12,500
-3.57%
Current Estimated Value
$740,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,202
Avg. Annual Appreciation
15.70%
Original Mortgage
$331,386
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 11, 2005
Sold by
Lacey Richard M
Bought by
Rivera Fernando and Vazquez Mayra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2003
Sold by
Lacey Lisa
Bought by
Lacey Richard M

Purchase Details

Closed on
Oct 20, 2003
Sold by
Barry Ken Owen
Bought by
Lacey Richard M

Purchase Details

Closed on
Jun 13, 2003
Sold by
Barry Maxine Kay
Bought by
Barry Ken Owen

Purchase Details

Closed on
Jun 23, 1997
Sold by
Pearson Ben C and Pearson Kathryn L
Bought by
Papago Properties Iii
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Gnanam Aswini Ponneri Siva $337,500 Security Title Agency Inc
Rivera Fernando $356,000 Stewart Title & Trust Of Pho
Lacey Richard M -- Security Title Agency
Lacey Richard M $39,000 Security Title Agency
Barry Ken Owen -- Chicago Title Insurance Co
Barry Ken Owen $15,000 Chicago Title Insurance Co
Papago Properties Iii $7,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gnanam Aswini Ponneri Siva $331,386
Previous Owner Rivera Fernando $270,000
Closed Rivera Fernando $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2020 06/15/20 Sold $337,500 -3.6% $38 / Sq Ft
01/01/2020 01/01/20 For Sale $350,000 -- $39 / 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 $1,944 $14,533 -- --
2024 $1,925 $13,841 -- --
2023 $1,925 $46,160 $9,230 $36,930
2022 $1,856 $37,020 $7,400 $29,620
2021 $1,842 $37,450 $7,490 $29,960
2020 $1,864 $31,500 $6,300 $25,200
2019 $1,861 $33,450 $6,690 $26,760
2018 $1,829 $29,070 $5,814 $23,256
2017 $1,786 $20,730 $4,140 $16,590
2016 $1,735 $20,020 $4,000 $16,020
2015 $1,605 $17,450 $3,490 $13,960
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sarah Porter

    Arizona Property Management

    (650) 300-9888

    23 Total Sales

    Sarah Porter
    Section Image
  • Jason Pyle

    Buyer's Agent in 2020

    Jason Pyle

    HomeSmart

    (623) 297-3269

    50 Total Sales

    Jason Pyle
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6018507

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-18-019

Arizona Maricopa County Phoenix 85007 Story

1637 W Culver St Unit AB & C, Phoenix, AZ

This home is located at 1637 W Culver St Unit AB & C, Phoenix, AZ 85007 since 01 January 2020 and is currently estimated at $740,702, approximately $82 per square foot. This property was built in 2004. 1637 W Culver St Unit AB & C is a home located in Maricopa County with nearby schools including Kenilworth 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

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