NOT LISTED FOR SALE

1942 E Adams St Phoenix, AZ 85034

Central City Neighborhood

Estimated Value: $492,000 - $504,000

78 Beds
1 Bath
2,090 Sq Ft
$239/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $461,000 $221 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,708/month

26 Days on Market

Highlights

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

About This Home

As of March 2022

Great Investment Property! Two units- one being a 3Bd/2B with Dining Room and Kitchen, 2nd unit is a 2Bd/1B with kitchen.Unit A has long term tenant. Unit B just renovated with new cabinets/paint/blinds and more. Private Laundry on site. Private back gate. Parking next to property. Easy Access to freeways. Very close to downtown Phoenix, shopping, concert and game venues. Close to Sky Harbor Airport, convention centers, and hotels.

Last Agent to Sell the Property

Sondra Hale

S&S Southwestern Management License #BR652991000 Listed on: 01/05/2022

Last Buyer's Agent

Julian Rebollar Catalan

Real Broker License #SA698597000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,036

Year Built

  • Built in 2005

Lot Details

  • 7,013

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Schools

  • Excelencia Elementary School
  • Faith North Elementary Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water, sewer, landscaping
  • Legal Lot and Block 23 / 33
  • Assessor Parcel Number 115-03-043

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7,000 sq ft.
  • Collins Addition Phoenix Blocks 23 26 17 & 27 Subdivision

Building Details

  • Operating Expense $5,419
  • Gross Income $36,828
  • Net Operating Income $26,817

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,036

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: 20th Street and Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Year Built: 2005
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1527.0
  • Subdivision Name: COLLINS ADDITION PHOENIX BLOCKS 23-26 17 & 27
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: 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:Street Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • 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

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2136.0

Schools

  • Elementary School: Excelencia School
  • High School: North High School
  • Middle Or Junior School: Faith North Elementary School

Lot Info

  • Lot Size: 7,000 sq ft.
  • Additional Parcels: No
  • Parcel #: 115-03-043

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 36828.0
  • Property Net Operating Income: 26817.0
  • Annual Operating Expense: 5419.0
  • Vacancy Allowance Rate: 0.07

Tax Info

  • Tax Annual Amount: 1036.0
  • Tax Block: 33
  • Tax Book Number: 115.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2022
Closed on
Feb 25, 2022
Sold by
Newman and Christine
Bought by
Courtney Alexander and Kelley Christopher
Seller's Agent
Sondra Hale
S&S Southwestern Management
Buyer's Agent
Julian Rebollar Catalan
Real Broker
List Price
$475,000
Sold Price
$461,000
Premium/Discount to List
-$14,000
-2.95%
Current Estimated Value
$498,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,478
Avg. Annual Appreciation
2.08%
Original Mortgage
$452,650
Outstanding Balance
$422,921
Interest Rate
3.92%
Mortgage Type
FHA
Estimated Equity
$75,557

Purchase Details

Closed on
Dec 11, 2012
Sold by
Gutierrez Daniel and M & I Marshall & Ilsley Bank
Bought by
Ez Homes Inc

Purchase Details

Closed on
Nov 27, 2012
Sold by
Ez Homes Inc
Bought by
Newman Edward and Newman Christine

Purchase Details

Closed on
Jul 20, 2004
Sold by
Regents Park Llc
Bought by
Gutierrez Daniel and Gutierrez Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2004
Sold by
Gutierrez Yelena Pugayeva
Bought by
Gutierrez Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2004
Sold by
Carf Realty Park Llc
Bought by
Regents Park Llc
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
Courtney Alexander $461,000 New Title Company Name
Ez Homes Inc $31,600 Security Title Agency
Newman Edward -- None Available
Gutierrez Daniel $22,500 First Financial Title Agency
Gutierrez Daniel -- First Financial Title Agency
Regents Park Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Courtney Alexander $452,650
Previous Owner Gutierrez Daniel $18,000
Previous Owner Gutierrez Daniel $18,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2022 03/04/22 Sold $461,000 +0.2% $221 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
01/24/2022 01/24/22 Price Changed $460,000 -3.2% $220 / Sq Ft
01/10/2022 01/10/22 For Sale $475,000 0.0% $227 / Sq Ft
01/06/2022 01/06/22 Pending -- -- --
01/05/2022 01/05/22 For Sale $475,000 -- $227 / 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 $1,161 $8,175 -- --
2024 $1,083 $7,786 -- --
2023 $1,083 $32,730 $6,540 $26,190
2022 $1,044 $23,630 $4,720 $18,910
2021 $1,036 $19,170 $3,830 $15,340
2020 $1,048 $16,730 $3,340 $13,390
2019 $1,047 $13,820 $2,760 $11,060
2018 $1,029 $12,520 $2,500 $10,020
2017 $1,005 $11,360 $2,270 $9,090
2016 $976 $9,180 $1,830 $7,350
2015 $903 $7,300 $1,460 $5,840
Source: Public Records

Agents Affiliated with this Home

  • Sondra Hale

    Seller's Agent in 2022

    Sondra Hale

    S&S Southwestern Management

    (480) 206-1844

    1 in this area

    17 Total Sales

    Sondra Hale
    Section Image

  • J

    Buyer's Agent in 2022

    Julian Rebollar Catalan

    Real Broker

    (602) 900-1717

    1 in this area

    41 Total Sales

    Julian Rebollar Catalan
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6337852

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-03-043

Arizona Maricopa County Phoenix 85034 Central City

1942 E Adams 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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