NOT LISTED FOR SALE

1922 E Adams St Phoenix, AZ 85034

Central City Neighborhood

Estimated Value: $268,731 - $613,000

-- Bed
-- Bath
1,742 Sq Ft
$241/Sq Ft Est. Value

Last Sold June 19, 2014

Last sale price $118,000 $68 Per Sq Ft

Est. 255% increase in value since last sale

Current estimated payment $2,349/month

201 Days on Market

About This Home

As of June 2014

Great price on a fully leased 4-plex near downtown Phoenix, shopping, public transportation and more. Updates to units were made 2 years ago with new cabinets, countertops, flooring, and paint. Please do not distrub tenants. Inspection of interior of units will be provided during inspection period.

Last Agent to Sell the Property

Christopher Jones

Buena Vista Realty License #BR643096000 Listed on: 10/14/2013

Last Buyer's Agent

Jose Munoz

DPR Realty LLC License #SA530866000

DPR Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $530

Year Built

  • Built in 1984

Lot Details

  • 7,013

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 18
  • Assessor Parcel Number 115-03-037

Community Details

Overview

  • 4 Units
  • Building Dimensions are 50X140

Building Details

  • Operating Expense $3,580
  • Gross Income $18,960
  • Net Operating Income $12,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$530

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Van Buren & 20th St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5R1
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2013
  • Directions: South on 20th Street to Adams.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • 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
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual, Heat Pump
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1680.0

Lot Info

  • Lot Size: 50X140
  • Additional Parcels: No
  • Parcel #: 115-03-037

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 18960.0
  • Insurance Expense: 650.0
  • Maintenance Expense: 720.0
  • Property Net Operating Income: 12700.0
  • Annual Operating Expense: 3580.0

Tax Info

  • Tax Annual Amount: 530.0
  • Tax Book Number: 115.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2013
Closed on
May 9, 2014
Sold by
Buena Vista Homes Llc
Bought by
Galindo Teodoro
Seller's Agent
Christopher Jones
Buena Vista Realty
Buyer's Agent
Jose Munoz
DPR Realty LLC
List Price
$130,000
Sold Price
$118,000
Premium/Discount to List
-$12,000
-9.23%
Current Estimated Value
$419,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,183
Avg. Annual Appreciation
11.88%
Original Mortgage
$88,500
Outstanding Balance
$67,998
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$345,795

Purchase Details

Closed on
Feb 21, 2013
Sold by
Value Development Llc
Bought by
Buena Vista Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
3.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Value Development Llc

Purchase Details

Closed on
Feb 5, 2010
Sold by
Kass Terry J
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
May 16, 2006
Sold by
Makris William J
Bought by
Kass Terry J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,450
Interest Rate
6.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 2, 2005
Sold by
Makris Sophie Coronado
Bought by
Makris William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2004
Sold by
Reyes Raul
Bought by
Coronado Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
9.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2004
Sold by
Woods Jorden and Liu Xiaochun
Bought by
Reyes Raul P and Reyes Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
9.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2003
Sold by
Roe D W
Bought by
Woods Jorden and Liu Xiaochun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,920
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2003
Sold by
Roe D W and Roe June N
Bought by
Roe D W and Roe June N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,920
Interest Rate
4.06%
Mortgage Type
New Conventional
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
Galindo Teodoro $118,000 Great American Title Agency
Buena Vista Homes Llc -- None Available
Value Development Llc $39,000 Great American Title Agency
Federal Home Loan Mortgage Corp $72,000 Great American Title Agency
Kass Terry J $230,000 Capital Title Agency Inc
Makris William J -- Dhi Title Of Arizona Inc
Makris William J $200,000 Dhi Title Of Arizona Inc
Coronado Enterprises Llc -- Capital Title Agency Inc
Reyes Raul P -- Capital Title Agency Inc
Woods Jorden $122,400 Fidelity National Title
Roe D W -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galindo Teodoro $88,500
Previous Owner Buena Vista Homes Llc $63,000
Previous Owner Kass Terry J $34,450
Previous Owner Kass Terry J $172,500
Previous Owner Makris William J $160,000
Previous Owner Makris William J $30,000
Previous Owner Coronado Enterprises Llc $123,750
Previous Owner Reyes Raul P $123,750
Previous Owner Woods Jorden $97,920
Previous Owner Roe June N $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2014 06/19/14 Sold $118,000 -9.2% $68 / Sq Ft
05/03/2014 05/03/14 Pending -- -- --
10/14/2013 10/14/13 For Sale $130,000 -- $75 / 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 $776 $5,802 -- --
2024 $768 $5,526 -- --
2023 $768 $27,310 $5,460 $21,850
2022 $741 $19,350 $3,870 $15,480
2021 $736 $15,030 $3,000 $12,030
2020 $744 $12,700 $2,540 $10,160
2019 $743 $10,760 $2,150 $8,610
2018 $730 $9,530 $1,900 $7,630
2017 $713 $8,820 $1,760 $7,060
2016 $693 $6,880 $1,370 $5,510
2015 $641 $5,630 $1,120 $4,510
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Christopher Jones

    Buena Vista Realty

    (602) 903-6703

    17 Total Sales

    Christopher Jones
    Section Image

  • J

    Buyer's Agent in 2014

    Jose Munoz

    DPR Realty

    (480) 628-7637

    40 Total Sales

    Jose Munoz
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5014656

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-03-037

Arizona Maricopa County Phoenix 85034 Central City

1922 E Adams St, Phoenix, AZ

This home is located at 1922 E Adams St, Phoenix, AZ 85034 since 14 October 2013 and is currently estimated at $419,183, approximately $240 per square foot. This property was built in 1984. 1922 E Adams St is a home located in Maricopa County with nearby schools including Garfield 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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