NOT LISTED FOR SALE

2014 E Broadway Rd Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $515,000 - $591,378

-- Bed
2 Baths
2,402 Sq Ft
$226/Sq Ft Est. Value

Last Sold September 30, 2024

Last sale price $525,000 $219 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,160/month

20 Days on Market

About This Home

As of September 2024

Welcome! This 4-plex is situated between downtowns of Tempe and Phoenix, with easy access to I-10, and will capitalize on the I-10 Broadway Curve Improvement Project upon completion in 2025. Offering two 2-bedrooms and two 1-bedrooms, three of the 4 tenants are month-to-month. Three of the rental units have newer HVAC units (A & B were installed in 2023). Unit C also has a 2023 in-wall mini-split A/C unit. All-new roof across entire buliding in 2018. Exterior and fence painting in 2022.

Last Agent to Sell the Property

Aaron Carter

Compass License #BR646960000 Listed on: 07/15/2024

Co-Listed By

Michael Mosier

Compass License #SA521783000

Last Buyer's Agent

Adam Gillick

My Home Group Real Estate License #SA653049000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,412

Year Built

  • Built in 1946

Lot Details

  • 7,187

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • On-Street Parking

Schools

  • Percy L Julian Elementary School
  • Phoenix Coding Academy Middle School
  • South Mountain High School

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 electricity, trash collection, water, sewer, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 122-36-043

Community Details

Overview

  • 4 Units
  • Building Dimensions are 105’ x 62’ x 112’ x 65’
  • Harlem Homes Subdivision

Building Details

  • Operating Expense $2,412
  • Gross Income $36,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,412

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: E Broadway Road & S 16th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: laun008
  • Co List Office Phone: 480-776-1555
  • Subdivision Name: HARLEM HOMES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), <1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0
  • Parking:Street Parking: Yes
  • Parking:Other (See Remarks)24: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Percy L Julian School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Coding Academy

Lot Info

  • Lot Size: 105’ x 62’ x 112’ x 65’
  • Additional Parcels: No
  • Parcel #: 122-36-043

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 36350.0
  • Annual Operating Expense: 2412.0

Tax Info

  • Tax Annual Amount: 2412.0
  • Tax Book Number: 122.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2024
Closed on
Aug 28, 2024
Sold by
Lillian Bowers Black Trust and Black Lillian Bowers
Bought by
Russell Stephen and Khanna Sarah
Seller's Agent
Aaron Carter
Compass
Buyer's Agent
Adam Gillick
My Home Group Real Estate
List Price
$525,000
Sold Price
$525,000
Views
11
Current Estimated Value
$557,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,814
Avg. Annual Appreciation
3.31%
Original Mortgage
$453,000
Outstanding Balance
$447,927
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$95,668

Purchase Details

Closed on
Jun 17, 2022
Sold by
Bernard Black R and Bernard Lillian R
Bought by
Lillian Bowers Black Trust

Purchase Details

Closed on
Jul 10, 2001
Sold by
Black Bernard and Black Lillian Bowers
Bought by
Black Bernard and Black Lillian Bowers

Purchase Details

Closed on
Jan 25, 1996
Sold by
Black Lillian Bowers and Black Lillian R
Bought by
Black Bernard

Purchase Details

Closed on
Mar 25, 1994
Sold by
Green Lonnie E
Bought by
Black Lillian Bowers and Black Lillian R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
8.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Russell Stephen $604,000 Navi Title Agency
Lillian Bowers Black Trust -- None Listed On Document
Black Bernard -- --
Black Bernard -- --
Black Lillian Bowers $40,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russell Stephen $453,000
Previous Owner Black Lillian Bowers $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2024 09/30/24 Sold $525,000 0.0% $219 / Sq Ft
09/21/2024 09/21/24 Price Changed $525,000 0.0% $219 / Sq Ft
08/05/2024 08/05/24 Pending -- -- --
07/15/2024 07/15/24 For Sale $525,000 -- $219 / 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 $2,549 $16,903 -- --
2024 $2,412 $16,098 -- --
2023 $2,412 $23,140 $3,080 $20,060
2022 $2,364 $21,770 $3,080 $18,690
2021 $2,412 $15,420 $3,080 $12,340
2020 $2,382 $18,920 $2,050 $16,870
2019 $574 $11,120 $2,220 $8,900
2018 $558 $9,080 $1,810 $7,270
2017 $532 $6,700 $1,340 $5,360
2016 $506 $6,050 $1,210 $4,840
2015 $476 $4,710 $940 $3,770
Source: Public Records

Agents Affiliated with this Home

  • Aaron Carter

    Seller's Agent in 2024

    Aaron Carter

    Compass

    (480) 236-3103

    5 in this area

    146 Total Sales

    Aaron Carter
    Section Image
  • Michael Mosier

    Seller Co-Listing Agent in 2024

    Michael Mosier

    Compass

    (602) 295-8074

    5 in this area

    132 Total Sales

    Michael Mosier
    Section Image
  • Adam Gillick

    Buyer's Agent in 2024

    Adam Gillick

    My Home Group

    (480) 432-7049

    7 in this area

    132 Total Sales

    Adam Gillick
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6731399

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-36-043

Arizona Maricopa County Phoenix 85040 South Mountain

2014 E Broadway Rd, Phoenix, AZ

This home is located at 2014 E Broadway Rd, Phoenix, AZ 85040 since 15 July 2024 and is currently estimated at $543,595, approximately $226 per square foot. This property was built in 1946. 2014 E Broadway Rd is a home located in Maricopa County with nearby schools including Percy L Julian School, South Mountain 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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