NOT LISTED FOR SALE

1744 W Sherman St Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $368,000 - $497,478

-- Bed
-- Bath
1,609 Sq Ft
$265/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $355,000 $221 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,320/month

12 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of July 2021

2008 built duplex each with 3 bedrooms and 1 bath. Units feature open kitchen to the great room and nice size laundry. Tenants pay all utilities. Both units have been recently updated with paint and vinyl flooring, both units are occupied.

Last Agent to Sell the Property

Christopher Hendrick

Property For You Realty License #SA117136000 Listed on: 04/16/2021

Last Buyer's Agent

Layla Hubbard

HomeSmart License #SA649489000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $860

Year Built

  • Built in 2008

Lot Details

  • 7,013

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer
  • Tax Lot 157
  • Assessor Parcel Number 112-09-159

Community Details

Overview

  • 2 Units
  • Building Dimensions are IRR
  • Wise Add Subdivision

Building Details

  • Operating Expense $1,723
  • Gross Income $30,000
  • Net Operating Income $29,137

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$860

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Cross Street: 19TH AVE & Grant
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 2008
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: WISE ADD
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS, SRP
  • 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
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Other
  • High School: Other

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 112-09-159

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 30000.0
  • Insurance Expense: 863.0
  • Property Net Operating Income: 29137.0
  • Annual Operating Expense: 1723.0

Tax Info

  • Tax Annual Amount: 860.0
  • Tax Book Number: 112.00
  • Tax Lot: 157

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2022
Sold by
Adissa Radji Moufid
Bought by
Zar Capital Llc
Current Estimated Value
$426,120

Purchase Details

Closed on
May 10, 2021
Sold by
Corton Richard and F & R Bypass Trust
Bought by
Radji Moufid Adissa and Fall Zeinabou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 2019
Sold by
Corton Richard and F & R Family Trust
Bought by
Corton Richard and F & R Bypass Trust

Purchase Details

Closed on
Oct 20, 2008
Sold by
Star Development Corp
Bought by
Sussman Faith and Corton Richard

Purchase Details

Closed on
Oct 3, 2008
Sold by
Reynolds John P
Bought by
Star Development Corp

Purchase Details

Closed on
Mar 18, 2008
Sold by
Reynolds Norma
Bought by
Reynolds John

Purchase Details

Closed on
Sep 11, 2007
Sold by
Ledbetter James and Ledbetter Sharon
Bought by
Star Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
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
Zar Capital Llc -- New Title Company Name
Radji Moufid Adissa $355,000 Navi Title Agency Pllc
Corton Richard -- None Available
Sussman Faith -- None Available
Star Development Corp -- None Available
Reynolds John -- None Available
Reynolds John -- None Available
Star Development Corp $46,667 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Radji Moufid Adissa $250,000
Previous Owner Star Development Corp $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2021 07/15/21 Sold $355,000 +1.4% $221 / Sq Ft
06/07/2021 06/07/21 Price Changed $350,000 0.0% $218 / Sq Ft
04/28/2021 04/28/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $350,000 0.0% $218 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $350,000 -- $218 / 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 $952 $6,705 -- --
2024 $888 $6,385 -- --
2023 $888 $23,950 $4,790 $19,160
2022 $856 $17,700 $3,540 $14,160
2021 $850 $14,350 $2,870 $11,480
2020 $860 $12,110 $2,420 $9,690
2019 $858 $10,670 $2,130 $8,540
2018 $844 $9,010 $1,800 $7,210
2017 $824 $7,730 $1,540 $6,190
2016 $800 $6,450 $1,290 $5,160
2015 $741 $6,300 $1,260 $5,040
Source: Public Records

Agents Affiliated with this Home

  • Christopher Hendrick

    Seller's Agent in 2021

    Christopher Hendrick

    Property For You Realty

    (602) 989-7446

    1 in this area

    113 Total Sales

    Christopher Hendrick
    Section Image
  • Layla Hubbard

    Buyer's Agent in 2021

    Layla Hubbard

    HomeSmart

    (602) 373-3973

    1 in this area

    29 Total Sales

    Layla Hubbard
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6222888

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-09-159

Arizona Maricopa County Phoenix 85007 Central City

1744 W Sherman 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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