NOT LISTED FOR SALE

210 E Jones Ave Phoenix, AZ 85040

South Mountain Neighborhood
9 Beds
13 Baths
3,425 Sq Ft
1946 Built

Last Sold January 26, 2023

Last sale price $1,500,000 $438 Per Sq Ft

37 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

As of January 2023

Seven Palms Apartments is of wood frame construction and was originally built in 1946 and underwent extensive interior and exterior renovations in 2018 with additional updates completed in 2022. The property offers a diverse unit mix which features; (5) studios, (5) 1-bed / 1-bath units, (1) standalone 1-bed / 1-bath unit, and (1) standalone 3-bed / 2-bath unit. The property features new white shaker-style cabinetry, new appliances, updated countertops, tile flooring throughout, fully updated bathrooms, and more. The exterior upgrades include back patios, fully gated with access gates, and mature landscaping throughout. With these updates in mind along with a large community courtyard and a surplus of newly paved parking,

Last Agent to Sell the Property

Dallin Hammond

ABI Multifamily License #SA677560000 Listed on: 09/06/2022

Co-Listed By

Carson Griesemer

ABI Multifamily License #SA686764000

Last Buyer's Agent

Curtis Dean

Compass License #SA623683000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,908

Year Built

  • Built in 1946

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, sewer, landscaping
  • Legal Lot and Block 15 / A
  • Assessor Parcel Number 113-11-015

Community Details

Overview

  • 4 Buildings
  • 12 Units
  • Building Dimensions are 180.02x135.47x180.08x135.47
  • Eleven Palms Blk B, C Subdivision

Building Details

  • Operating Expense $1,908
  • Gross Income $177,748
  • Net Operating Income $125,827

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,908

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: ELEVEN PALMS BLK B, C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: BI Oven/Range, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Assigned, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Security Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 180.02x135.47x180.08x135.47
  • Additional Parcels: Yes
  • Parcel #: 113-11-015

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 12
  • Annual Gross Income: 177747.84
  • Property Net Operating Income: 125827.0
  • Annual Operating Expense: 1908.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 1908.0
  • Tax Block: A
  • Tax Book Number: 113.00
  • Tax Lot: 15
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2023 01/26/23 Sold $1,500,000 0.0% $438 / Sq Ft
11/06/2022 11/06/22 Off Market $1,500,000 -- --
09/21/2022 09/21/22 Price Changed $1,800,000 -14.3% $526 / Sq Ft
09/06/2022 09/06/22 For Sale $2,100,000 -- $613 / 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 $2,016 $13,371 -- --
2024 $1,908 $12,734 -- --
2023 $1,908 $61,590 $4,730 $56,860
2022 $1,870 $42,190 $3,240 $38,950
2021 $1,908 $35,250 $2,710 $32,540
2020 $1,884 $30,040 $2,310 $27,730
2019 $1,823 $30,570 $2,350 $28,220
2018 $1,774 $22,320 $1,710 $20,610
2017 $1,691 $19,680 $1,510 $18,170
2016 $1,608 $17,560 $1,350 $16,210
2015 $1,514 $13,980 $1,070 $12,910
Source: Public Records

Agents Affiliated with this Home

  • Dallin Hammond

    Seller's Agent in 2023

    Dallin Hammond

    ABI Multifamily

    (602) 714-1400

    2 in this area

    36 Total Sales

    Dallin Hammond
    Section Image
  • Carson Griesemer

    Seller Co-Listing Agent in 2023

    Carson Griesemer

    ABI Multifamily

    (602) 714-1400

    1 in this area

    23 Total Sales

    Carson Griesemer
    Section Image
  • Curtis Dean

    Buyer's Agent in 2023

    Curtis Dean

    Compass

    (602) 316-6790

    1 in this area

    24 Total Sales

    Curtis Dean
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6459974

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85040 South Mountain

210 E Jones Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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