NOT LISTED FOR SALE

2005 W Adams St Phoenix, AZ 85009

Central City Neighborhood

Estimated Value: $232,000 - $470,000

0.32 Acre
$952,522 Price per Acre
13,939 Sq Ft Lot

Last Sold October 06, 2023

Last sale price $255,000

Est. 20% increase in value since last sale

Current estimated payment $1,682/month

82 Days on Market

Highlights

  • 0.32 Acre Lot
  • No HOA
  • Level Lot
  • Phoenix Coding Academy Rated A

About This Lot

As of October 2023

Prime MULTIfamily investment opportunity! Located at 2005 W Adams St, Phoenix, this corner lot with MULTIfamily zoning offers immense potential. West of downtown, it provides easy access to I-17 and I-10. Not in a flood zone, this R-3 zoned land has potential for up to 6 units. Develop a low-density MULTIfamily community in a thriving area near amenities and transport links.

Last Agent to Sell the Property

Reggie Joyner

Get Multifamily License #SA704874000 Listed on: 06/24/2023

Co-Listed By

Patrick O'Sullivan

Get Multifamily License #BR634211000

Last Buyer's Agent

Reggie Joyner

Get Multifamily License #SA704874000 Listed on: 06/24/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $780

Lot Details

  • 0.32 Acre Lot
  • Level Lot
  • Property is zoned R-3

Community Details

  • No Home Owners Association
  • Capitol Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 109-31-028-A

Property Details

Property Type

Land

Est. Annual Taxes

$780

Lot Details

0.32 Acres

Listing Details

  • Cross Street: W Adams Street & N 20th Avenue
  • Legal Info Range: 2E
  • Property Type: Land
  • Development Status: Raw Land
  • Topography: Level
  • Zoning: R-3
  • Tax Year: 2022
  • Lot Size Acres: 0.32
  • Co List Office Mls Id: gemu001
  • Co List Office Phone: 480-795-7938
  • Subdivision Name: CAPITOL ADDITION
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: Other (See Rmks)
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: UNK
  • Lot Size Sq Ft: 14009.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 109-31-028-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 780.0
  • Tax Book Number: 109.00
  • Tax Lot: -
  • Tax Map Number: 31.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2023
Closed on
Oct 6, 2023
Sold by
Pride 3 Properties & Investments Llc
Bought by
La Colina Dmhi Llc
Seller's Agent
Reggie Joyner
Get Multifamily
Buyer's Agent
Reggie Joyner
Get Multifamily
List Price
$315,000
Sold Price
$255,000
Premium/Discount to List
-$60,000
-19.05%
Views
33
Current Estimated Value
$304,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,807
Avg. Annual Appreciation
7.85%
Original Mortgage
$250,000
Outstanding Balance
$244,278
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$60,529
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
La Colina Dmhi Llc $255,000 Pioneer Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open La Colina Dmhi Llc $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2023 10/06/23 Sold $255,000 -4.9% --
09/15/2023 09/15/23 Pending -- -- --
08/16/2023 08/16/23 Price Changed $268,000 -10.6% --
08/09/2023 08/09/23 Price Changed $299,900 -4.8% --
06/24/2023 06/24/23 For Sale $315,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,331 $9,374 $9,374 --
2024 $1,241 $8,927 $8,927 --
2023 $1,241 $18,090 $18,090 $0
2022 $780 $11,820 $11,820 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Reggie Joyner

    Get Multifamily

    (480) 247-1437

    1 in this area

    2 Total Sales

    Reggie Joyner
    Section Image
  • Patrick O'Sullivan

    Seller Co-Listing Agent in 2023

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    5 in this area

    29 Total Sales

    Patrick O'Sullivan
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6572983

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-31-028A

Arizona Maricopa County Phoenix 85009 Central City

2005 W Adams St, Phoenix, AZ

Not Listed for Sale

Lots

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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