2031 N Alvarado Rd Phoenix, AZ 85004
Alvarado Historic District NeighborhoodEstimated Value: $1,708,000 - $2,590,539
5
Beds
4.5
Baths
3,919
Sq Ft
$575/Sq Ft
Est. Value
Highlights
- Guest House
- Private Pool
- Gated Parking
- Emerson Elementary School Rated 9+
- The property is located in a historic district
- Fireplace in Primary Bedroom
About This Home
As of March 2020Located in the ultra-exclusive Alvarado District, this is a once-in-a-lifetime opportunity to own a unique piece of Phoenix history! Welcome to the nationally registered and lovingly restored Marcus P. Kelly House, built in 1923 on just under half an acre, and featuring a detached casita (1,128 sq ft) housing not one but TWO units! With the perfect blend of old-world charm, fine finishes, and modern-day conveniences, this estate excites, enchants, and entices. Dynamic Tabarka tile is the perfect compliment to the rich hardwood floors throughout, as are the copper sinks, bronze details, wooden beams, marble accents and other delicious Spanish details. Did I mention that part of this home was designed as a castle? (See supplemental remarks.) That's right - you will feel like royalty as you snuggle up to watch TV in the main-floor portion of this theatre-in-the-round. The circular room boasts exquisitely hand-carved woodwork and a sweeping stairway that leads to an exclusive en-suite retreat above. Or maybe spend time cooking in your drop-dead gorgeous kitchen that features an AGA stove/oven & AGA Marvel fridge, hand-painted tiles, copper finishes, a divine butler's pantry & additional storage pantry that features custom doors from Portugal. Head upstairs to soak in the master bath's hammered copper tub or play games with the family in the loft area. No matter what the angle, inside or out, this residence just looks and feels good.
With over $500,000 worth of renovations and unique upgrades, virtually every surface of this property has been touched. Both units in the detached casita were completely renovated in 2015 and feature new water heaters, HVAC, roof, and more. In the generously sized yet inviting main house, all 4 1/2 bathrooms, the walls, the floors, the stair railing, the water heaters, the decks, roof, windows, HVAC, water softeners, fans/fixtures - all have been re-done. This is no white-and-grey investor flip - this is an act of love, and a way to carry on the beautiful story of this home. We can't wait to see who will write the next chapter - will it be you?
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,995
Year Built
- Built in 1923
Lot Details
- 0.41 Acre Lot
- Private Streets
- Wrought Iron Fence
- Block Wall Fence
- Front and Back Yard Sprinklers
- Private Yard
- Grass Covered Lot
Parking
- 2 Car Detached Garage
- 1 Open Parking Space
- Garage Door Opener
- Gated Parking
Home Design
- Spanish Architecture
- Brick Exterior Construction
- Tile Roof
- Built-Up Roof
- Foam Roof
- Stucco
Interior Spaces
- 3,919 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Tinted Windows
- Living Room with Fireplace
- 2 Fireplaces
- Unfinished Basement
- Partial Basement
- Security System Owned
Kitchen
- Gas Cooktop
- Built-In Microwave
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- Primary Bathroom is a Full Bathroom
- 4.5 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Bathtub With Separate Shower Stall
Pool
- Private Pool
- Diving Board
Outdoor Features
- Balcony
- Covered patio or porch
- Outdoor Storage
- Built-In Barbecue
Schools
- Emerson Elementary School
- Phoenix Prep Academy Middle School
- Central High School
Utilities
- Refrigerated Cooling System
- Heating Available
- Water Filtration System
- High Speed Internet
- Cable TV Available
Additional Features
- Guest House
- The property is located in a historic district
Community Details
- No Home Owners Association
- Association fees include no fees
- Built by A.F. Wasielewski
- Los Olivos Replatted Subdivision
Listing and Financial Details
- Tax Lot 7
- Assessor Parcel Number 118-52-063
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2020
Closed on
Mar 16, 2020
Sold by
Mcdonough Mary
Bought by
Creath Anandi Raman and Creath Thomas John
Seller's Agent
Kimberly Schmidt
HomeSmart
Buyer's Agent
Sean Bell
My Home Group Real Estate
List Price
$1,599,900
Sold Price
$1,484,000
Premium/Discount to List
-$115,900
-7.24%
Total Days on Market
44
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$769,885
Avg. Annual Appreciation
9.22%
Original Mortgage
$1,152,000
Outstanding Balance
$1,029,339
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$1,314,428
Purchase Details
Listed on
Nov 1, 2012
Closed on
Jul 5, 2013
Sold by
King Christian H and King Kay Christine
Bought by
Mcdonough Mary
Seller's Agent
Ann Mast
My Home Group Real Estate
Buyer's Agent
Joe Bushong
Russ Lyon Sotheby's International Realty
List Price
$985,000
Sold Price
$762,500
Premium/Discount to List
-$222,500
-22.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.55%
Original Mortgage
$417,000
Interest Rate
4.46%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 24, 2010
Sold by
King Christian H and King Kay Christine
Bought by
King Christian H and King Kay Christine
Purchase Details
Closed on
Dec 3, 2009
Sold by
King Christian H and King Kay Christine
Bought by
King Christian H and King Kay Christine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,207
Interest Rate
5.11%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 29, 2007
Sold by
King Christian H and King Kay Christine
Bought by
King Christian H and King Kay Christine
Purchase Details
Closed on
Aug 3, 2002
Sold by
King Christian H and King Kay Christine
Bought by
King Christian H and King Kay Christine
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
6.52%
Purchase Details
Closed on
Sep 30, 1997
Sold by
King Christian H and King Kay Christine
Bought by
King Christian H and King Kay Christine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,500
Interest Rate
7.44%
Purchase Details
Closed on
Apr 18, 1996
Sold by
King Christian H and King Kay Christine
Bought by
King Christian H and King Kay Christine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.36%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Phoenix, AZ
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Creath Anandi Raman | $1,484,000 | American Title Svc Agcy Llc | |
| Mcdonough Mary | $762,500 | Lawyers Title Of Arizona Inc | |
| King Christian H | -- | None Available | |
| King Christian H | -- | None Available | |
| King Christian H | -- | Security Title Agency Inc | |
| King Christian H | -- | Grand Canyon Title Agency In | |
| King Christian H | -- | Grand Canyon Title Agency In | |
| King Christian H | -- | -- | |
| King Christian H | -- | Lawyers Title Of Arizona Inc | |
| King Christian H | -- | Security Title Agency Inc | |
| King Christian H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Creath Anandi Raman | $1,152,000 | |
| Previous Owner | Mcdompugh Mark K | $7,500 | |
| Previous Owner | Mcdonough Mary | $150,000 | |
| Previous Owner | Mcdonough Mary | $465,000 | |
| Previous Owner | Mcdonough Mary | $417,000 | |
| Previous Owner | King Christian H | $283,207 | |
| Previous Owner | King Christian H | $200,000 | |
| Previous Owner | King Christian H | $84,000 | |
| Previous Owner | King Christian H | $70,500 | |
| Previous Owner | King Christian H | $290,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/19/2020 03/19/20 | Sold | $1,484,000 | -7.2% | $379 / Sq Ft |
| 02/21/2020 02/21/20 | Pending | -- | -- | -- |
| 01/08/2020 01/08/20 | For Sale | $1,599,900 | +109.8% | $408 / Sq Ft |
| 07/31/2013 07/31/13 | Sold | $762,500 | -4.1% | $195 / Sq Ft |
| 06/29/2013 06/29/13 | Pending | -- | -- | -- |
| 02/05/2013 02/05/13 | Price Changed | $795,000 | -5.9% | $203 / Sq Ft |
| 01/11/2013 01/11/13 | Price Changed | $845,000 | -11.1% | $216 / Sq Ft |
| 11/30/2012 11/30/12 | Price Changed | $950,000 | -3.6% | $242 / Sq Ft |
| 11/01/2012 11/01/12 | For Sale | $985,000 | -- | $251 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $7,299 | $53,133 | -- | -- |
| 2024 | $7,231 | $50,602 | -- | -- |
| 2023 | $7,231 | $74,405 | $14,880 | $59,525 |
| 2022 | $6,981 | $57,850 | $11,570 | $46,280 |
| 2021 | $6,930 | $51,290 | $10,255 | $41,035 |
| 2020 | $7,007 | $51,025 | $10,205 | $40,820 |
| 2019 | $6,995 | $46,655 | $9,330 | $37,325 |
| 2018 | $6,879 | $50,425 | $10,085 | $40,340 |
| 2017 | $6,690 | $47,155 | $9,430 | $37,725 |
| 2016 | $6,450 | $44,990 | $8,995 | $35,995 |
| 2015 | $5,976 | $42,085 | $8,415 | $33,670 |
Source: Public Records
Agents Affiliated with this Home
-
Kimberly Schmidt
Seller's Agent in 2020
Kimberly Schmidt
HomeSmart
(602) 777-1368
51 Total Sales
-
Sean Bell
Buyer's Agent in 2020
Sean Bell
My Home Group
(602) 432-5666
120 Total Sales
-
Ann Mast
Seller's Agent in 2013
Ann Mast
My Home Group Real Estate
(602) 550-5258
30 Total Sales
-
Joe Bushong
Buyer's Agent in 2013
Joe Bushong
Russ Lyon Sotheby's International Realty
(480) 287-5200
222 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6020822
APN: 118-52-063
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.
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
Nearby Homes
- 118 E Palm Ln
- 113 E Palm Ln Unit B
- 103 E Palm Ln Unit A
- 130 E Coronado Rd Unit 16
- 2201 N Central Ave Unit 3C
- 2201 N Central Ave Unit 3D
- 2201 N Central Ave Unit 3A
- 2201 N Central Ave Unit 5B
- 2201 N Central Ave Unit 2A
- 2201 N Central Ave Unit 4-E
- 146 E Coronado Rd Unit 39
- 150 E Coronado Rd Unit 47
- 319 E Palm Ln Unit 36
- 319 E Palm Ln
- 341 E Monte Vista Rd
- 39 E Hoover Ave
- 46 W Palm Ln
- 363 E Monte Vista Rd
- 30 W Palm Ln
- 2323 N Central Ave Unit PH-D
- 2031 N Alvarado Rd
- 75 E Monte Vista Rd
- 2021 N Alvarado Rd
- 73 E Monte Vista Rd
- 65 E Monte Vista Rd
- 79 E Monte Vista Rd
- 81 E Monte Vista Rd
- 2032 N Alvarado Rd
- 2040 N Alvarado Rd
- 87 E Monte Vista Rd
- 124 E Palm Ln
- 2026 N 3rd St
- 51 E Monte Vista Rd
- 2016 N Alvarado Rd
- 134 E Palm Ln
- 2201 N Alvarado Rd
- 56 E Palm Ln
- 76 E Monte Vista Rd
- 2200 N Alvarado Rd
- 44 E Palm Ln