NOT LISTED FOR SALE

1941 E Raymond St Unit 20 Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $400,000 - $461,000

0.12 Acre
$3,516,375 Price per Acre
3,561 Sq Ft Lot

Last Sold July 21, 2017

Last sale price $35,000

Est. 1,106% increase in value since last sale

Current estimated payment $2,389/month

48 Days on Market

Highlights

  • City Lights View
  • Corner Lot
  • No HOA
  • Phoenix Coding Academy Rated A

About This Lot

As of July 2017

RESIDENTIAL LOT ZONED MULTI FAMILY. VIEWS OF DOWNTOWN PHOENIX AND THE VALLEY.

Last Agent to Sell the Property

Steven Padilla

RE/MAX Fine Properties License #SA115755000 Listed on: 07/18/2017

RE/MAX Fine Properties

Co-Listed By

Janet DeLong

RE/MAX Professionals License #SA549845000

Last Buyer's Agent

Richard Hanson

A.R.I. & C. License #BR110782000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $441

Lot Details

  • 3,561 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Property is zoned R3

Property Views

  • City Lights
  • Mountain

Eco-Friendly Details

  • North or South Exposure

Schools

  • Martin Luther King Early Childhood Center Elementary School
  • Percy L Julian Middle School
  • South Mountain High School

Community Details

  • No Home Owners Association
  • Progress Place Subdivision

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 122-32-020

Property Details

Property Type

Land

Est. Annual Taxes

$441

Lot Details

0

Listing Details

  • Cross Street: BROADWAY & 16TH ST
  • Property Type: Land
  • Topography: Level
  • Zoning: R3
  • Tax Year: 2016
  • Horses: No
  • Lot Size Acres: 0.12
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: rmpr02
  • Co List Office Phone: 623-344-7300
  • Subdivision Name: PROGRESS PLACE
  • View:Mountain View(s): Yes
  • View:City Light View(s): Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Lot Features: Corner Lot, North/South Exp, Adjacent to Wash
  • View: Mountain(s), City Lights
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Martin Luther King Early Childhood Center
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Percy L Julian School

Lot Info

  • Lot Size: 50.77 X 70.14
  • Lot Size Sq Ft: 3561.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 122-32-020

Tax Info

  • Tax Annual Amount: 441.0
  • Tax Book Number: 122.00
  • Tax Lot: 20
  • Tax Map Number: 32.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2020
Sold by
Gomez Sandra Isabel
Bought by
Alvarado Araujo Luis Adrian
Current Estimated Value
$421,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Outstanding Balance
$234,303
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$187,662

Purchase Details

Closed on
Jul 21, 2020
Sold by
Kc2 Llc
Bought by
Alvarado Araujo Luis Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Outstanding Balance
$234,303
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$187,662

Purchase Details

Closed on
Apr 3, 2019
Sold by
Rck Resources Llc
Bought by
Kc2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 2017
Sold by
Esquivel Jose A
Bought by
Rck Resources Llc

Purchase Details

Listed on
Jul 18, 2017
Closed on
Jul 20, 2017
Sold by
G & G Real Property Acquisitions L L C
Bought by
Rck Resources Llc
Seller's Agent
Steven Padilla
RE/MAX Fine Properties
Buyer's Agent
Richard Hanson
A.R.I. & C.
List Price
$40,000
Sold Price
$35,000
Premium/Discount to List
-$5,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.17%

Purchase Details

Closed on
Oct 12, 2012
Sold by
Badilla Frank and Badilla Marie A
Bought by
Esquivel Jose A

Purchase Details

Closed on
Sep 30, 2011
Sold by
Badilla Frank
Bought by
Esquivel Jose A

Purchase Details

Closed on
Apr 30, 2009
Sold by
Gorman Ronald D and Gorman Brenadin Clara
Bought by
Jones Arvon and Jones Christine

Purchase Details

Closed on
Jun 13, 2008
Sold by
Gorman Ronald D and Gorman Brenadin Clara
Bought by
Gorman Ronald D and Gorman Brenadin Clara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.05%
Mortgage Type
New Conventional
Source: Public Records
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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
Alvarado Araujo Luis Adrian -- Security Title Agency Inc
Alvarado Araujo Luis Adrian $295,000 Security Title Agency Inc
Kc2 Llc $120,000 Security Title Agency Inc
Rck Resources Llc $30,000 Empire West Title Agency Llc
Rck Resources Llc $35,000 Lawyers Title Of Arizona Inc
Esquivel Jose A -- None Available
Esquivel Jose A -- None Available
Jones Arvon $59,455 First American Title
Gorman Ronald D -- Federal Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarado Araujo Luis Adrian $265,500
Previous Owner Kc2 Llc $125,000
Previous Owner Gorman Ronald D $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2017 07/21/17 Sold $35,000 -12.5% --
07/18/2017 07/18/17 Price Changed $40,000 0.0% --
07/14/2017 07/14/17 Price Changed $40,000 0.0% --
06/23/2017 06/23/17 Pending -- -- --
06/12/2017 06/12/17 Pending -- -- --
05/06/2017 05/06/17 For Sale $40,000 -- --
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 $2,179 $16,120 -- --
2024 $2,059 $15,352 -- --
2023 $2,059 $28,780 $5,750 $23,030
2022 $2,016 $21,680 $4,330 $17,350
2021 $2,079 $19,220 $3,840 $15,380
2020 $296 $3,450 $3,450 $0
2019 $286 $2,565 $2,565 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5601606

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-32-020B