NOT LISTED FOR SALE

1646 E Monroe St Phoenix, AZ 85034

Central City Neighborhood

Estimated Value: $373,000 - $629,000

4 Beds
4 Baths
525 Sq Ft
$1,018/Sq Ft Est. Value

Last Sold June 15, 2012

Last sale price $65,000 $124 Per Sq Ft

Est. 722% increase in value since last sale

Current estimated payment $2,867/month

360 Days on Market

Highlights

  • Cooling Available
  • Painted or Stained Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of June 2012

GREAT FOUR-PLEX PROPERTY WITH NEWLY STUCCO WALLS. EACH UNIT IS A ONE BEDROOM. GREAT POTENTIAL INCOME PROPERTY. CURRENTLY THERE ARE THREE UNITS VACANT AND ONE RENTED BY A LONG TERM TENANT. OWNER IS RETIRING. SOLD AS-IS. AGENT IS RELATED TO OWNER.

Last Agent to Sell the Property

Scott Tong

Northstar Realty And Investments License #SA551212000 Listed on: 06/02/2011

Last Buyer's Agent

Scott Tong

Northstar Realty And Investments License #SA551212000 Listed on: 06/02/2011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 6,752

Home Design

  • Wood Frame Construction
  • Rolled or Hot Mop Roof
  • Stucco

Kitchen

  • Oven or Range

Flooring

  • Painted or Stained Flooring
  • Concrete
  • Vinyl

Schools

  • Augustus H Shaw Jr Montessori Elementary School
  • North High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • $1,348 per year Dock Fee
  • 4 Units
  • Building Dimensions are 6750

Building Details

  • Insurance Expense $789

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Tax Municipality: Maricopa - COUNTY
  • Appliances Included: BI Oven/Range, Refrigerator
  • Construction Finish: Painted, Stucco
  • Cross Street: 17TH STREET AND VAN BUREN
  • Floors: Concrete, Vinyl
  • Legal Info Lot Number: 24
  • Legal Info Range: 3E
  • Legal Info Section: 10
  • Legal Info Township: 1N
  • Roads Streets: Asphalt, Concrete, Sidewalk(s)
  • Property Type: F
  • Legal Description Abbrev: COLLINS PHOENIX BLKS 23-26, 17, 27
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 5.00
  • Map Code Grid: Q34
  • Year Built: 1984
  • Tax Year: 2011
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Amenities: Fenced
  • Roofing: Rolled
  • Construction: Frame - Wood

Garage/Parking

  • Parking: 1 Space/Unit
  • Total Parking Spaces: 5.00

Utilities

  • Water: City Franchise
  • Electric: APS, Individual Meter
  • Cooling: Electric, Individual
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Augustus H Shaw Jr Montessori School
  • High School: North High School

Lot Info

  • Lot Size: 6750

Multi Family

  • Income And Expenses Adjusted Gross Inc: 14820.00
  • Income And Expenses Annual Ins Exp: 789.00
  • Income And Expenses Annual Water Sewer Exp: 2517.00
  • Income And Expenses Gross Annual Sch Inc: 15600.00
  • Income And Expenses Net Operating Income: 12294.00
  • Income And Expenses Totl Mnth Rntal Inc: 325.00
  • Income And Expenses Vacancy Allowance: 0.05
  • Number Of One Bedroom Units: 4
  • One Bedroom Units Avg Rent: 325.00
  • One Bedroom Units Avg Sq Ft: 525
  • One Bedroom Units Baths: 1
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00

Tax Info

  • Taxes: 1348.30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2022
Sold by
Daniel Wan
Bought by
Zhang Yue Sheng
Current Estimated Value
$534,333

Purchase Details

Closed on
May 20, 2016
Sold by
Zhang Yue Sheng
Bought by
Wan Daniel

Purchase Details

Listed on
Jun 2, 2011
Closed on
Jun 12, 2012
Sold by
Tong Fook H and Tong Tip Ning
Bought by
Zhang Yue Sheng
Seller's Agent
Scott Tong
Northstar Realty And Investments
Buyer's Agent
Scott Tong
Northstar Realty And Investments
List Price
$80,000
Sold Price
$65,000
Premium/Discount to List
-$15,000
-18.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.81%

Purchase Details

Closed on
May 13, 1997
Sold by
Gustafson Jerome L and Gustafson Fermina C
Bought by
Tong Fook H and Tong Tip Ning
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

Date Buyer Sale Price Title Company
Zhang Yue Sheng -- New Title Company Name
Wan Daniel -- None Available
Zhang Yue Sheng $65,000 Security Title Agency
Tong Fook H $54,500 Grand Canyon Title Agency In
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2012 06/15/12 Sold $65,000 -18.8% $124 / Sq Ft
05/27/2012 05/27/12 Pending -- -- --
06/02/2011 06/02/11 For Sale $80,000 -- $152 / 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 $877 $6,174 -- --
2024 $818 $5,880 -- --
2023 $818 $30,780 $6,150 $24,630
2022 $789 $21,800 $4,360 $17,440
2021 $783 $16,810 $3,360 $13,450
2020 $792 $14,210 $2,840 $11,370
2019 $790 $12,120 $2,420 $9,700
2018 $777 $9,800 $1,960 $7,840
2017 $759 $10,000 $2,000 $8,000
2016 $737 $7,820 $1,560 $6,260
Source: Public Records

Agents Affiliated with this Home

  • Scott Tong

    Seller's Agent in 2012

    Scott Tong

    Northstar Realty And Investments

    (480) 363-3121

    9 Total Sales

    Scott Tong
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4594460

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-04-021A

Arizona Maricopa County Phoenix 85034 Central City

1646 E Monroe St, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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