NOT LISTED FOR SALE

Estimated Value: $274,000 - $546,967

3 Beds
1 Bath
544 Sq Ft
$775/Sq Ft Est. Value

Last Sold August 19, 2021

Last sale price $342,600 $630 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,260/month

21 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

As of August 2021

What a great opportunity! All units are Individual 1 bedroom, 1 bath historic units. The homes are complete with bedroom, dining area and living room. Property includes on site laundry room with income potential.
Downtown is coming alive with new restaurants, Phoenix Suns, Diamondbacks Baseball and ASU downtown campus 13 minutes east. 2025 W Washington must be sold with 2029 W Washington MLS 6248450. Great fix-up potential. Sold AS-IS

Last Agent to Sell the Property

Debbie Silacci

Arizona Property Brokerage License #BR037032000 Listed on: 06/10/2021

Co-Listed By

Michael Norton

Arizona Property Brokerage

Last Buyer's Agent

Debbie Silacci

Arizona Property Brokerage License #BR037032000 Listed on: 06/10/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $711

Year Built

  • Built in 1931

Lot Details

  • 6,186

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Schools

  • Capitol Elementary School
  • Central High Middle School
  • Central High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 7 / 43
  • Assessor Parcel Number 109-49-104-A

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are IRR
  • Capitol Blk 43, 44, 35 38, 29, 30 Subdivision

Building Details

  • Operating Expense $711
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$711

Year Built

Built in 1931

Lot Details

6,186 Sq Ft Lot

Listing Details

  • Cross Street: 19th Ave x Washington
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 3
  • Year Built: 1931
  • Tax Year: 2020
  • Road Surface Type: Gravel, Dirt
  • Co List Office Mls Id: sila01
  • Co List Office Phone: 602-368-4400
  • Subdivision Name: CAPITOL BLK 43, 44, 35-38, 29, 30
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Free: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Wall/Window Unit(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Capitol Elementary School
  • High School: Central High School
  • Middle Or Junior School: Central High School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 109-49-104-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Property Net Operating Income: 24000.0
  • Annual Operating Expense: 711.24

Tax Info

  • Tax Annual Amount: 711.24
  • Tax Block: 43
  • Tax Book Number: 109.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2025
Sold by
Needham Miles
Bought by
2033 W Washington Llc
Current Estimated Value
$421,492

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,700
Outstanding Balance
$329,063
Interest Rate
6.17%
Mortgage Type
New Conventional
Estimated Equity
$92,429

Purchase Details

Listed on
Jun 10, 2021
Closed on
Aug 6, 2021
Sold by
Parker Steven H
Bought by
Needham Miles
Seller's Agent
Debbie Silacci
Arizona Property Brokerage
Buyer's Agent
Debbie Silacci
Arizona Property Brokerage
List Price
$799,500
Sold Price
$342,600
Premium/Discount to List
-$456,900
-57.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.63%
Original Mortgage
$342,675
Interest Rate
2.9%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jul 2, 2015
Closed on
Jul 24, 2015
Sold by
Arabazdeh Eva
Bought by
Arabzadeh Hamid and Arabzadeh Eva
Seller's Agent
Debbie Silacci
Arizona Property Brokerage
Buyer's Agent
Rebecca Minks
West USA Realty
List Price
$84,000
Sold Price
$69,000
Premium/Discount to List
-$15,000
-17.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.27%

Purchase Details

Listed on
Jul 2, 2015
Closed on
Jul 14, 2015
Sold by
Arabzadeh Hamid
Bought by
Parker Steven H
Seller's Agent
Debbie Silacci
Arizona Property Brokerage
Buyer's Agent
Rebecca Minks
West USA Realty
List Price
$84,000
Sold Price
$69,000
Premium/Discount to List
-$15,000
-17.86%

Purchase Details

Closed on
Feb 6, 2013
Sold by
Russell William M
Bought by
Arabzadeh Hamid

Purchase Details

Closed on
Feb 1, 2011
Sold by
Arabzadeb Hamid
Bought by
Russell William M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
4.77%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 7, 2010
Sold by
Sfr Ventures I Llc
Bought by
Arabzadeh Hamid

Purchase Details

Closed on
Jun 15, 2009
Sold by
Aurora Loan Services Llc
Bought by
Sfr Venture I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
5.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 2008
Sold by
Olson Charles and Olson Loretta
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Apr 6, 2007
Sold by
Zervakos Rod
Bought by
Olson Charles and Olson Loretta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
10.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2006
Sold by
Zervakos Stephanie
Bought by
Zervakos Rod

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,650
Interest Rate
8.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 1999
Sold by
Lucky Charles C
Bought by
Woods Damarcus Lonzzel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.73%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 29, 1996
Sold by
Geico Financial Services Inc
Bought by
Lucky Clyde A
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
2033 W Washington Llc -- Priority Title & Escrow
Needham Miles $456,900 Grand Canyon Title Agency
Needham Miles $342,600 Grand Canyon Ttl Agcy
Arabzadeh Hamid -- First American Title Ins Co
Parker Steven H $69,000 First American Title Ins Co
Arabzadeh Hamid $146,096 None Available
Russell William M $149,500 Magnus Title Agency
Arabzadeh Hamid $150,000 Magnus Title Agency
Sfr Venture I Llc $42,000 Great American Title Agency
Aurora Loan Services Llc $145,200 None Available
Aurora Loan Services Llc $123,200 None Available
Olson Charles $245,000 Arizona Title Agency Inc
Zervakos Rod -- Arizona Title Agency Inc
Zervakos Rod $178,350 Arizona Title Agency Inc
Woods Damarcus Lonzzel $94,400 Ati Title Agency
Lucky Clyde A $12,500 Fiesta Title & Escrow Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2033 W Washington Llc $329,700
Previous Owner Needham Miles $342,675
Previous Owner Russell William M $130,000
Previous Owner Sfr Venture I Llc $32,000
Previous Owner Olson Charles $245,000
Previous Owner Zervakos Rod $142,650
Previous Owner Woods Damarcus Lonzzel $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/19/2021 08/19/21 Sold $342,600 -57.1% $630 / Sq Ft
06/09/2021 06/09/21 For Sale $799,500 +1058.7% $1,470 / Sq Ft
07/31/2015 07/31/15 Sold $69,000 -17.9% $127 / Sq Ft View Prior Sale
07/11/2015 07/11/15 Pending -- -- --
06/29/2015 06/29/15 For Sale $84,000 -- $154 / Sq Ft
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 $788 $5,546 -- --
2024 $735 $5,282 -- --
2023 $735 $24,930 $4,980 $19,950
2022 $708 $16,280 $3,250 $13,030
2021 $703 $14,170 $2,830 $11,340
2020 $711 $11,250 $2,250 $9,000
2019 $710 $10,080 $2,010 $8,070
2018 $698 $8,250 $1,650 $6,600
2017 $682 $7,400 $1,480 $5,920
2016 $662 $5,350 $1,070 $4,280
2015 $613 $4,670 $930 $3,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6248421

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-49-104A

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