NOT LISTED FOR SALE

Estimated Value: $496,000 - $559,000

Studio
1 Bath
-- Sq Ft
1948 Built

Last Sold August 13, 2024

Last sale price $560,000

Est. 4% decrease in value since last sale

Current estimated payment $2,912/month

90 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of August 2024

Multi Unit Apartment Complex on Corner Lot Near Downtown Phoenix Generating Nearly $5,000 Per Month Ready For New Ownership. Updates In Last 5 Years Include Electrical, Interior Plumbing, Windows, Doors, Appliances, Duct Work, Exterior Stucco, AC, Granite Countertops and Bathroom Updates. Unit Mix Consists of 1 Studio Apartment/Storage Upstairs, 1 - 1 Bed 1 Bath, 1 - 2 Bed 2 Bath and 1 - 3 Bed 2 Bath Unit. Located Just West of Downtown Phoenix Near Major Freeways For Easy Access To All Parts of Phoenix Metro Area.

Last Agent to Sell the Property

Daniel Schaffler

Compass License #BR647934000 Listed on: 04/01/2024

Last Buyer's Agent

Frank Vazquez

Venture REI, LLC License #BR654167000

Venture REI, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,471

Year Built

  • Built in 1948

Parking

  • On-Street Parking

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Schools

  • Mary Mcleod Bethune Elementary And Middle School
  • Central High School

Utilities

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 12 / 43
  • Assessor Parcel Number 109-49-108

Community Details

Overview

  • 4 Units
  • Building Dimensions are 50 x 140, Corner lot
  • Capitol Addition Subdivision

Building Details

  • Operating Expense $9,040
  • Gross Income $57,000
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,471

Year Built

Built in 1948

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 19th Avenue & Washington Street
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multiple
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: CAPITOL ADDITION
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: On Street
  • Attached Garage: No
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 3764.0

Schools

  • Elementary School: Mary Mcleod Bethune School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Mary Mcleod Bethune School

Lot Info

  • Lot Size: 50 x 140, Corner lot
  • Additional Parcels: No
  • Parcel #: 109-49-108

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 2305.0
  • Annual Gross Income: 57000.0
  • Property Net Operating Income: 42000.0
  • Annual Operating Expense: 9040.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1471.0
  • Tax Block: 43
  • Tax Book Number: 109.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
Aug 13, 2024
Sold by
Eagle Point Investment Group Llc
Bought by
Teran Anthony
Seller's Agent
Daniel Schaffler
Compass
Buyer's Agent
Frank Vazquez
Venture REI, LLC
List Price
$650,000
Sold Price
$560,000
Premium/Discount to List
-$90,000
-13.85%
Views
37
Current Estimated Value
$539,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,170
Avg. Annual Appreciation
-2.40%
Original Mortgage
$420,000
Outstanding Balance
$415,238
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$124,592

Purchase Details

Listed on
Nov 14, 2020
Closed on
Dec 9, 2020
Sold by
Boynton Brad and Boynton Cynthia
Bought by
Eagle Point Investment Group Llc
Seller's Agent
Cynthia Boynton
American Realty Brokers
Buyer's Agent
Daniel Schaffler
Compass
List Price
$495,000
Sold Price
$440,000
Premium/Discount to List
-$55,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%

Purchase Details

Closed on
Jul 9, 2019
Sold by
Anatolians
Bought by
Boynton Brand and Boynton Cynthia

Purchase Details

Closed on
Dec 2, 2014
Sold by
Tl Foundation Inc
Bought by
Sucuoglu Mehmet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,520
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2013
Sold by
Russell William
Bought by
T L Foundation Inc

Purchase Details

Closed on
Sep 9, 2010
Sold by
The Bank Of New York Mellon
Bought by
Russell William

Purchase Details

Closed on
Jul 9, 2010
Sold by
Sucuoglu Mehmet
Bought by
Anatolians Llc

Purchase Details

Closed on
Jun 14, 2010
Sold by
Vasquez Victor M and Vasquez Elisa
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Jun 12, 2004
Sold by
Vaszquez Victor M
Bought by
Vasquez Victor M and Vasquez Elisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 22, 2002
Sold by
Vasquez Elisa
Bought by
Vasquez Victor M

Purchase Details

Closed on
Apr 16, 2002
Sold by
Grace Marion C
Bought by
Vasquez Victor M

Purchase Details

Closed on
Oct 27, 1997
Sold by
Grace Patricia R
Bought by
Grace Marion C
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
Teran Anthony $560,000 Security Title Agency
Eagle Point Investment Group Llc $440,000 Thomas Title & Escrow Llc
Boynton Brand $395,000 Chicago Title Agency Inc
Sucuoglu Mehmet $25,000 Lawyers Title Of Arizona Inc
T L Foundation Inc $77,381 Fidelity National Title Agen
Russell William $32,000 Great American Title Agency
Anatolians Llc -- Accommodation
The Bank Of New York Mellon $51,000 Great American Title
Vasquez Victor M -- Capital Title Agency Inc
Vasquez Victor M -- Fidelity National Title
Vasquez Victor M $105,000 Fidelity National Title
Grace Marion C -- Stewart Title & Trust
Grace Marion C $69,500 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teran Anthony $420,000
Previous Owner Sucuoglu Mehmet $26,520
Previous Owner Vasquez Victor M $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/13/2024 08/13/24 Sold $560,000 -5.9% --
07/01/2024 07/01/24 Pending -- -- --
04/23/2024 04/23/24 Price Changed $595,000 -8.5% --
04/01/2024 04/01/24 For Sale $650,000 +47.7% --
12/10/2020 12/10/20 Sold $440,000 -7.4% -- View Prior Sale
11/25/2020 11/25/20 Pending -- -- --
11/14/2020 11/14/20 Price Changed $475,000 -4.0% --
11/14/2020 11/14/20 For Sale $495,000 +25.3% --
10/31/2019 10/31/19 Sold $395,000 -5.9% -- View Prior Sale
10/01/2019 10/01/19 Pending -- -- --
09/19/2019 09/19/19 For Sale $419,900 0.0% --
09/14/2019 09/14/19 Pending -- -- --
09/02/2019 09/02/19 Price Changed $419,900 -2.3% --
08/03/2019 08/03/19 For Sale $429,900 -- --
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 $1,577 $11,106 -- --
2024 $1,471 $10,577 -- --
2023 $1,471 $36,370 $7,270 $29,100
2022 $1,419 $25,900 $5,180 $20,720
2021 $1,408 $26,800 $5,360 $21,440
2020 $1,424 $13,810 $2,760 $11,050
2019 $1,422 $11,510 $2,300 $9,210
2018 $581 $9,310 $1,860 $7,450
2017 $567 $7,900 $1,580 $6,320
2016 $551 $6,950 $1,390 $5,560
2015 $510 $5,460 $1,090 $4,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6685043

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-49-108

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