J
Seller's Agent in 2017
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
(602) 672-3526
3 in this area
50 Total Sales
1734 E Jefferson St Phoenix, AZ 85034
Central City NeighborhoodEstimated Value: $384,000 - $713,000
1
Bed
4
Baths
2,046
Sq Ft
$247/Sq Ft
Est. Value
Highlights
- Evaporated cooling system
- Ceramic Tile Flooring
- Heating System Uses Natural Gas
- Phoenix Coding Academy Rated A
About This Home
As of October 20174 unit East Downtown multi-family with C-3 commercial zoning that abuts the light rail line. Seller carry back an option with 25% down, 7% interest, 30 yr amortization over 2-3 year term. The investment opportunity includes an adobe style duplex in front that is 1066 SF (two 1 bedroom units) combined with two attached single family houses (each 1 bedroom & around 539 SF) in the rear of the lot. Lot size is 6963 SF. Value-add opportunity as the property needs work and has below market rents ($425/each unit). All leases month-to-month. No interior showings without an accepted offer. Buyer to complete and rely upon own due diligence. Expenses and square footage are estimated.
Last Agent to Sell the Property
Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 09/04/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $444
Year Built
- Built in 1931
Lot Details
- 6,970
Home Design
- Adobe
Flooring
- Carpet
- Ceramic Tile
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Utilities
- Evaporated cooling system
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for trash collection, water, sewer
- Tax Lot 21
- Assessor Parcel Number 115-05-021-A
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are .16
Building Details
- Operating Expense $5,944
- Gross Income $19,950
- Net Operating Income $13,965
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2017
Closed on
Oct 17, 2017
Sold by
Michael Freed Sp Llc
Bought by
1734 E Jefferson St Llc
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jon Beydler
Citypoint Arizona LLC
List Price
$199,000
Sold Price
$199,000
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
$307,082
Avg. Annual Appreciation
12.07%
Original Mortgage
$179,000
Outstanding Balance
$149,355
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$356,727
Purchase Details
Closed on
Jun 3, 2011
Sold by
U S Bank National Association
Bought by
Michael Freed Sp Llc
Purchase Details
Closed on
Feb 25, 2011
Sold by
Marquez Ronaldo A
Bought by
U S Bank National Association
Purchase Details
Closed on
Aug 12, 2005
Sold by
Marquez Ronaldo A
Bought by
City Of Phoenix
Purchase Details
Closed on
Apr 1, 2005
Sold by
Marquez Carolyn J
Bought by
Marquez Ronaldo A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
5.77%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 10, 2004
Sold by
Marquez Ronaldo A
Bought by
1734 Jefferson Llc
Purchase Details
Closed on
Sep 22, 2004
Sold by
Marquez Carolyn
Bought by
Marquez Ronaldo A
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
5.82%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 15, 2004
Sold by
Vargas Rodolfo and Vargas Maximina
Bought by
Front Door Properties Inc
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
5.82%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 15, 1995
Sold by
Britto Kathryn L
Bought by
Vargas Rodolfo and Vargas Maximina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
9.27%
Mortgage Type
Seller Take Back
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1734 E Jefferson St Llc | $199,000 | Wfg National Title Insurance | |
| Michael Freed Sp Llc | $39,500 | Chicago Title | |
| U S Bank National Association | $46,506 | Accommodation | |
| City Of Phoenix | -- | -- | |
| Marquez Ronaldo A | -- | Ticor Title Agency Of Az Inc | |
| Marquez Ronaldo A | -- | Ticor Title Agency Of Az Inc | |
| 1734 Jefferson Llc | -- | -- | |
| Marquez Ronaldo A | -- | First American Title Ins Co | |
| Marquez Ronaldo A | $107,500 | First American Title Ins Co | |
| Front Door Properties Inc | $60,000 | First American Title Ins Co | |
| Vargas Rodolfo | $45,000 | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1734 E Jefferson St Llc | $179,000 | |
| Previous Owner | Marquez Ronaldo A | $129,000 | |
| Previous Owner | Marquez Ronaldo A | $120,000 | |
| Previous Owner | Front Door Properties Inc | $120,000 | |
| Previous Owner | Vargas Rodolfo | $43,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/27/2017 10/27/17 | Sold | $199,000 | 0.0% | $97 / Sq Ft |
| 10/05/2017 10/05/17 | Pending | -- | -- | -- |
| 09/04/2017 09/04/17 | For Sale | $199,000 | -- | $97 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $561 | $3,947 | -- | -- |
| 2024 | $493 | $3,759 | -- | -- |
| 2023 | $493 | $28,930 | $5,780 | $23,150 |
| 2022 | $475 | $20,600 | $4,120 | $16,480 |
| 2021 | $473 | $16,120 | $3,220 | $12,900 |
| 2020 | $479 | $13,350 | $2,670 | $10,680 |
| 2019 | $479 | $11,400 | $2,280 | $9,120 |
| 2018 | $471 | $9,300 | $1,860 | $7,440 |
| 2017 | $457 | $9,010 | $1,800 | $7,210 |
| 2016 | $444 | $6,610 | $1,320 | $5,290 |
Source: Public Records
Agents Affiliated with this Home
-
James Stephens
-
Jon Beydler
Buyer's Agent in 2017
Jon Beydler
Citypoint Arizona LLC
(480) 600-6001
67 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5656579
APN: 115-05-021A
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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