NOT LISTED FOR SALE

1831 E Sheridan St Phoenix, AZ 85006

Greenfield Acres Neighborhood

Estimated Value: $378,000 - $518,000

5 Beds
12 Baths
557,211 Sq Ft
$1/Sq Ft Est. Value

Last Sold February 14, 2022

Last sale price $505,000 $1 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $2,635/month

51 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of February 2022

Great value add triplex located in Central Phoenix. Great unit mix of a 3bed/1bath house, 2bed/1bath unit, and a 1bed/1bath unit. Each unit has decent step in rents but still ample room to raise rents to market levels after upgrading units.

Large lot with a lot of opportunities for creative amenities or even build a fourth unit.

Last Listed By

Jackson Everhart

Orion Investment Real Estate License #SA689433000 Listed on: 10/25/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $899

Year Built

  • Built in 1966

Lot Details

  • 0.27

Home Design

  • Composition Roof
  • Metal Roof
  • Block Exterior
  • Siding
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Over 1 Space Per Unit
  • On-Street Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 44
  • Assessor Parcel Number 117-06-050

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 11534
  • Greenfield Acres Tract 2 Subdivision

Building Details

  • Operating Expense $899
  • Gross Income $31,800
  • Net Operating Income $26,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$899

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Cross Street: 16th Street and Thomas Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1966
  • Tax Year: 2021
  • Directions: From 16th St and Thomas Road head south to Yale Street and turn East. Turn South on 17th Street and then Turn East on 18th Street. Property is on South side of the street.
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENFIELD ACRES TRACT 2
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Disposal, Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Siding, Painted, Stucco, Block
  • Roof: Composition, Metal
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0

Utilities

  • Electric: APS, SRP
  • Cooling: Ceiling Fan(s), Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Guard Gate: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 11534
  • Additional Parcels: No
  • Parcel #: 117-06-050

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 31800.0
  • Property Net Operating Income: 26000.0
  • Annual Operating Expense: 899.0

Tax Info

  • Tax Annual Amount: 899.0
  • Tax Book Number: 117.00
  • Tax Lot: 44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2021
Closed on
Feb 4, 2022
Sold by
Properties Of M & R Ii Llc
Bought by
Contreras Gladys
Seller's Agent
Jackson Everhart
Orion Investment Real Estate
Buyer's Agent
Gladys Contreras
HomeSmart
List Price
$525,000
Sold Price
$505,000
Premium/Discount to List
-$20,000
-3.81%
Total Days on Market
51
Current Estimated Value
$459,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,905
Avg. Annual Appreciation
0.64%
Original Mortgage
$305,000
Outstanding Balance
$285,587
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$230,099

Purchase Details

Listed on
Oct 25, 2021
Closed on
Feb 2, 2022
Sold by
Properties Of M & R Ii Llc
Bought by
Contreras Gladys
Seller's Agent
Jackson Everhart
Orion Investment Real Estate
Buyer's Agent
Gladys Contreras
HomeSmart
List Price
$525,000
Sold Price
$505,000
Premium/Discount to List
-$20,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Outstanding Balance
$285,587
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$230,099

Purchase Details

Closed on
Feb 10, 2021
Sold by
Phelps Ron and Dimattia Dacia
Bought by
Properties Of M & R Ii Llc

Purchase Details

Closed on
Dec 1, 2020
Sold by
Properties Of M & R Ii Llc
Bought by
Phelps Ron and Dimattia Dacia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 29, 2016
Closed on
Feb 1, 2017
Sold by
Martinez Efrain and Martinez Maria
Bought by
Properties Of M&R Ii Llc
Seller's Agent
Fabiola Aboyte
HomeSmart
Buyer's Agent
Rick Koch
DPR Realty LLC
List Price
$195,000
Sold Price
$185,000
Premium/Discount to List
-$10,000
-5.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.35%
Original Mortgage
$148,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2004
Sold by
Ruiz German and Martinez Efrain
Bought by
Martinez Efrain and Martinez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
5.94%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 5, 2000
Sold by
Mitchell Montfort C and Mitchell Joan T
Bought by
Ruiz German and Martinez Efrain

Purchase Details

Closed on
Jan 17, 1995
Sold by
Bayard Sonia S and Noesges Melvin T
Bought by
Morse Ralph W and Morse Julie E

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
Contreras Gladys $505,000 Title Alliance Of Arizona
Contreras Gladys $505,000 Title Alliance Of Arizona
Contreras Gladys $505,000 Title Alliance Of Arizona
Properties Of M & R Ii Llc -- None Available
Phelps Ron -- Pioneer Title Agency Inc
Properties Of M&R Ii Llc $185,000 First American Title Ins Co
Martinez Efrain -- Transnation Title
Ruiz German $122,500 --
Morse Ralph W $95,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Contreras Gladys $305,000
Closed Contreras Gladys $305,000
Closed Contreras Gladys $305,000
Previous Owner Phelps Ron $238,000
Previous Owner Properties Of M&R Ii Llc $148,000
Previous Owner Martinez Efrain $111,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2022 02/14/22 Sold $505,000 -3.8% $1 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
12/10/2021 12/10/21 For Sale $525,000 0.0% $1 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
11/18/2021 11/18/21 For Sale $525,000 0.0% $1 / Sq Ft
11/10/2021 11/10/21 Pending -- -- --
11/03/2021 11/03/21 For Sale $525,000 0.0% $1 / Sq Ft
11/03/2021 11/03/21 Price Changed $525,000 0.0% $1 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $525,000 +183.8% $1 / Sq Ft
03/18/2017 03/18/17 Sold $185,000 -2.6% $0 / Sq Ft
03/09/2017 03/09/17 Price Changed $189,900 0.0% $0 / Sq Ft
01/31/2017 01/31/17 Pending -- -- --
12/20/2016 12/20/16 Price Changed $189,900 -2.6% $0 / Sq Ft
11/17/2016 11/17/16 For Sale $195,000 0.0% $0 / Sq Ft
11/08/2016 11/08/16 Pending -- -- --
09/29/2016 09/29/16 For Sale $195,000 -- $0 / 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 $924 $7,106 -- --
2024 $913 $6,768 -- --
2023 $913 $0 $0 $0
2022 $877 $27,060 $5,410 $21,650
2021 $899 $22,570 $4,510 $18,060
2020 $877 $20,750 $4,150 $16,600
2019 $871 $15,150 $3,030 $12,120
2018 $853 $11,050 $2,210 $8,840
2017 $820 $10,520 $2,100 $8,420
2016 $788 $8,930 $1,780 $7,150
2015 $733 $7,770 $1,550 $6,220
Source: Public Records

Agents Affiliated with this Home

  • Jackson Everhart

    Seller's Agent in 2022

    Jackson Everhart

    Orion Investment Real Estate

    (480) 634-6934

    1 in this area

    22 Total Sales

    Jackson Everhart
    Section Image

  • G

    Buyer's Agent in 2022

    Gladys Contreras

    HomeSmart

    (480) 524-2937

    1 in this area

    2 Total Sales

    Gladys Contreras
    Section Image

  • F

    Seller's Agent in 2017

    Fabiola Aboyte

    HomeSmart

    (602) 299-1636

    204 Total Sales

    Fabiola Aboyte
    Section Image

  • R

    Buyer's Agent in 2017

    Rick Koch

    DPR Realty

    (602) 369-9718

    5 Total Sales

    Rick Koch
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6312034

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-06-050

Arizona Maricopa County Phoenix 85006 Greenfield Acres

1831 E Sheridan St, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 1831 E Sheridan St, Phoenix, AZ 85006 since 25 October 2021 and is currently estimated at $459,095, approximately $0 per square foot. This property was built in 1966. 1831 E Sheridan St is a home located in Maricopa County with nearby schools including William T Machan Elementary School, North High School, and Phoenix Coding Academy.

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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