NOT LISTED FOR SALE

208 E Virginia Ave Phoenix, AZ 85004

Alvarado Historic District Neighborhood
10 Beds
7 Baths
2,350 Sq Ft
1961 Built

Sale Details

Date Sold: February 10, 2016

Last sale price $550,000 $234 Per Sq Ft

Highlights

  • Central Heating and Cooling System
  • Ceiling Fan
  • Concrete Flooring
  • Phoenix Coding Academy Rated A

About This Home

As of February 2016

WOW amazing location in central Phoenix!!! Amazing value add in such a great location!!!! Seller is motivated bring your offer's now!!! The current rents for the ones are 550 and the two bedroom for 650 and 3 bedroom for 700. This a great value add for raising the rents in this location. Way below market rents. If you remodel units you can raise rents! Almost a 9% cap on proforma rents. This location can't be beat! Seller may carry as well. All facts and figures are approximate buyer verify MLS info. Drive by only

Last Agent to Sell the Property

Sophia Baron

Real Broker License #BR648866000 Listed on: 02/10/2016

Real Broker

Last Buyer's Agent

Sophia Willets

Grace CRE License #BR648866000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,377

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 3 Open Parking Spaces
  • 8 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking

Schools

  • Encanto Elementary School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 118-44-095

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are 11,610

Building Details

  • Operating Expense $18,854
  • Gross Income $57,570
  • Net Operating Income $46,623

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,377

Year Built

Built in 1961

Listing Details

  • Cross Street: 3rd St. and Central
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 2
  • Year Built: 1961
  • Tax Year: 2014
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 3000.0
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete, Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Shutters2: Yes

Fee Information

  • Trash Expense: 1500.0
  • Annual Water Sewer Expense: 3500.0

Schools

  • Elementary School: Encanto School

Lot Info

  • Lot Size: 11,610
  • Additional Parcels: No
  • Parcel #: 118-44-095

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 7
  • Electric Expense: 600.0
  • Annual Gross Income: 57570.0
  • Insurance Expense: 2200.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 46623.0
  • Annual Operating Expense: 18854.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2377.0
  • Tax Book Number: 118.00
  • Tax Lot: 1

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Alvarado Historic District, AZ

  • Claudia Flores Real Estate Agent - HomeSmart

    Claudia Flores

    HomeSmart

    (888) 614-8707

    40 Total Sales

    1 in Alvarado Historic District

    $375,000 Price

    Claudia Flores
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  • Juan Ramirez Real Estate Agent - HomeSmart

    Juan Ramirez

    HomeSmart

    (623) 323-1145

    80 Total Sales

    1 in Alvarado Historic District

    $201,000 Price

    Juan Ramirez
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  • Amy Koch Real Estate Agent - The Brokery

    Amy Koch

    The Brokery

    (602) 461-7247

    42 Total Sales

    1 in Alvarado Historic District

    $465,000 Price

    Amy Koch
     Section Image
  • Sarah McNurlin Real Estate Agent - Arizona Best Real Estate

    Sarah McNurlin

    Responds Quickly

    Arizona Best Real Estate

    (406) 763-7948

    79 Total Sales

    1 in Alvarado Historic District

    $417,000 Price

    Sarah McNurlin
     Section Image
  • Nathan Martinez Real Estate Agent - RE/MAX Fine Properties

    Nathan Martinez

    RE/MAX Fine Properties

    (623) 263-9254

    277 Total Sales

    1 in Alvarado Historic District

    $417,000 Price

    Nathan Martinez
     Section Image
  • Kim Panozzo Real Estate Agent - HomeSmart

    Kim Panozzo

    HomeSmart

    (623) 888-8019

    879 Total Sales

    1 in Alvarado Historic District

    $550,000 Price

    Kim Panozzo
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,575,000 Security Title
The John S Jones & Teri B Jones Retireme $550,000 First Arizona Title Agency
Moy Virginia View Llc -- None Available
Moy Raymond K $555,000 Lawyers Title Insurance Corp
Scott Garcia Ramon $350,000 Capital Title Agency Inc
Boucher Sara S -- Lawyers Title Of Arizona Inc
Boucher Sara S -- Lawyers Title Of Arizona Inc
Boucher Sara S $310,000 Security Title Agency
Tea Lc $250,000 Grand Canyon Title Agency In
Carmody Tom $156,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open -- $787,500
Previous Owner The John S And Teri B Jones Retirement F $650,000
Previous Owner Scott Garcia Ramon $280,000
Previous Owner Boucher Sara S $235,000
Previous Owner Boucher Sara S $150,000
Previous Owner Tea Lc $175,000
Previous Owner Carmody Tom $121,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/10/2016 02/10/16 Sold $550,000 0.0% $234 / Sq Ft
02/10/2016 02/10/16 Pending -- -- --
02/10/2016 02/10/16 For Sale $550,000 -- $234 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,204 $24,676
2024 $2,991 $23,501
2023 $2,991 $116,330 $23,260 $93,070
2022 $2,975 $79,780 $15,950 $63,830
2021 $3,025 $66,110 $13,220 $52,890
2020 $2,949 $62,820 $12,560 $50,260
2019 $2,821 $51,210 $10,240 $40,970
2018 $2,728 $39,560 $7,910 $31,650
2017 $2,504 $33,960 $6,790 $27,170
2016 $2,416 $34,520 $6,900 $27,620
2015 $2,246 $26,260 $5,250 $21,010
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron Real Estate Agent - Real Broker

    Seller's Agent in 2016

    Sophia Baron

    Real Broker

    (480) 375-0227

    24 Total Sales

    Sophia Baron
    Section Image

  • SW

    Buyer's Agent in 2016

    Sophia Willets

    Grace CRE

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5396736

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85004 Alvarado Historic District

208 E Virginia Ave, Phoenix, AZ

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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