NOT LISTED FOR SALE

2121 W Adams St Unit 1 Phoenix, AZ 85009

Central City Neighborhood

Estimated Value: $534,000 - $1,370,000

0.97 Acre
$1,146,830 Price per Acre
42,253 Sq Ft Lot

Last Sold September 05, 2023

Last sale price $1,300,000

Est. 14% decrease in value since last sale

Current estimated payment $6,461/month

169 Days on Market

Highlights

  • 0.97 Acre Lot
  • No HOA
  • Level Lot
  • Phoenix Coding Academy Rated A

About This Lot

As of September 2023

Adams 21 apartments is a carefully curated SHOVEL READY development project with fully APPROVED PLANS for a 20-unit apartment community situated on a 1-acre Downtown Phoenix lot! Ready to pull permits, this desirable TO BE BUILT project is divided into 2 buildings, each consisting of 10 units at 864 square feet each. Each unit offers a 2BR/2BA split and open-concept floor plan, in-suite laundry with 5 upper level & 5 ground level options. Highly desirable Downtown location provides convenient access to ASU's downtown Phoenix campus, Sky Harbor Airport, Chase Field, Talking Stick Arena, Arizona Science Center, Roosevelt Row, vibrant downtown nightlife, dining, live music venues, Cityscape shopping, I-10 & I-17 major highways, & so much more!

Last Agent to Sell the Property

David Arustamian

Russ Lyon Sotheby's International Realty License #BR662152000 Listed on: 02/16/2023

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

David Arustamian

Russ Lyon Sotheby's International Realty License #BR662152000 Listed on: 02/16/2023

Russ Lyon Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,660

Lot Details

  • 0.97 Acre Lot
  • Property fronts an alley
  • Block Wall Fence
  • Chain Link Fence
  • Level Lot
  • Property is zoned [R-3]

Additional Features

  • North or South Exposure
  • Residence on Property

Community Details

  • No Home Owners Association
  • Capitol Addition Blocks 43 & 44 35 38 29 & 30 Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 109-32-135

Property Details

Property Type

Land

Est. Annual Taxes

$3,660

Lot Details

0

Listing Details

  • Cross Street: Van Buren St & 19th Ave
  • Legal Info Range: 2E
  • Property Type: Land
  • Development Status: See Remarks, Plans Available, Plans Included, Prelim Eng Included
  • Topography: Level
  • Zoning: [R-3]
  • Tax Year: 2022
  • Directions: Heading (S) on 19th Ave, turn (W) on Adams St & continue to the find property on your (L).
  • Lot Size Acres: 0.97
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Concrete, Sidewalk(s)
  • Subdivision Name: Capitol Addition Blocks 43 & 44 35-38 29 & 30
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family

Exterior Features

  • Fencing: See Remarks, Block, Chain Link
  • Lot Features: North/South Exp
  • Disclosures: Soil Test, Percolation Test, Seller Prop Disc Stm, Boundary Survey Avlb, Development Pln Aval
  • Other Structures: Other, Residence

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 300'x140'
  • Lot Size Sq Ft: 42042.0
  • Additional Parcels: No
  • Parcel #: 109-32-135
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3660.0
  • Tax Book Number: 109.00
  • Tax Lot: 1
  • Tax Map Number: 32.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Sep 5, 2023
Sold by
Adams 21 Llc
Bought by
Adams Place Apartments Llc
Seller's Agent
David Arustamian
Russ Lyon Sotheby's International Realty
Buyer's Agent
David Arustamian
Russ Lyon Sotheby's International Realty
List Price
$1,440,000
Sold Price
$1,300,000
Premium/Discount to List
-$140,000
-9.72%
Views
57
Current Estimated Value
$1,112,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$187,575
Avg. Annual Appreciation
-7.29%
Original Mortgage
$2,971,000
Interest Rate
7.18%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 19, 2020
Sold by
Sanjel Krum Investments Az Llc
Bought by
Adams 21 Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Adams Place Apartments Llc $1,300,000 Equity Title Agency
Adams 21 Llc $460,000 Great American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams Place Apartments Llc $3,400,000
Closed Adams Place Apartments Llc $2,971,000
Closed Adams Place Apartments Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2023 09/05/23 Sold $1,300,000 -2.3% --
08/04/2023 08/04/23 Pending -- -- --
04/27/2023 04/27/23 Price Changed $1,330,000 -7.6% --
02/16/2023 02/16/23 For Sale $1,440,000 -- --
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 $3,817 $60,269 $60,269 --
2024 $3,780 $27,182 -- --
2023 $3,780 $57,697 $13,567 $44,130
2022 $3,660 $37,415 $8,795 $28,620
Source: Public Records

Agents Affiliated with this Home

  • David Arustamian

    Seller's Agent in 2023

    David Arustamian

    Russ Lyon Sotheby's International Realty

    (480) 331-0707

    2 in this area

    435 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6521152

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-32-135

Arizona Maricopa County Phoenix 85009 Central City

2121 W Adams St Unit 1, Phoenix, AZ

This home is located at 2121 W Adams St Unit 1, Phoenix, AZ 85009 since 16 February 2023 and is currently estimated at $1,112,425. 2121 W Adams St Unit 1 is a home located in Maricopa County with nearby schools including Mary Mcleod Bethune School, Phoenix Coding Academy, and Central High School.

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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