NOT LISTED FOR SALE
17 Beds
-- Bath
825 Sq Ft
1953 Built

Sale Details

Date Sold: November 9, 2023

Last sale price $2,510,000 $3,042 Per Sq Ft

22 Days on Market

About This Home

As of November 2023

This 32-unit apartment project on ±1.14 acres is centrally located, with excellent freeway access and many nearby amenities. This property is an excellent value add opportunity or a prime candidate for redevelopment. Currently, 7 units are rented and habitable, with the remaining units with various levels of disrepair and fire damage. The sale is subject to bankruptcy court approval. Auction is scheduled on November 1, 2023 at 1:30 pm, location United States Bankruptcy Court for the District of Arizona, 230 N. First Avenue, Courtroom 702, Phoenix, Arizona 85003.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 08/29/2023

Co-Listed By

Blake Mallery

Compass License #SA680838000

Last Buyer's Agent

Richard Arambula

Russ Lyon Sotheby's International Realty License #SA021179000

Russ Lyon Sotheby's International Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,995

Year Built

  • Built in 1953

Parking

  • Paved Parking

Home Design

  • Block Exterior
  • Stucco

Additional Features

  • Additional Parcels
  • Cooling Available

Listing and Financial Details

  • Legal Lot and Block 10 / 2
  • Assessor Parcel Number 116-01-054-A

Community Details

Overview

  • 5 Buildings
  • 32 Units
  • Building Dimensions are See tax assessor
  • Aviation Homesites Subdivision

Building Details

  • Operating Expense $2,995

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,995

Year Built

Built in 1953

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Indian School Rd and 24th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2022
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: AVIATION HOMESITES
  • Tax Parcel Letter: A
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Stucco, Block
  • Roof: Other
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks
  • Heating: See Remarks
  • Cooling Y N: Yes
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: See tax assessor
  • Additional Parcels: Yes
  • Parcel #: 116-01-054-A

Multi Family

  • Owner Pays: Other, See Remarks
  • Number Of Units Total: 32
  • Annual Operating Expense: 2995.0

Tax Info

  • Tax Annual Amount: 2995.0
  • Tax Block: 2
  • Tax Book Number: 116.00
  • Tax Lot: 10

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2023
Closed on
Nov 8, 2023
Sold by
Bought by
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Richard Arambula
Russ Lyon Sotheby's International Realty
List Price
$2,350,000
Sold Price
$2,510,000
Premium/Discount to List
$160,000
6.81%
Views
23

Purchase Details

Listed on
Aug 30, 2019
Closed on
Aug 27, 2019
Sold by
Bought by
Seller's Agent
Jeremy Manning
Realty ONE Group
Buyer's Agent
Jeremy Manning
Realty ONE Group
List Price
$2,200,000
Sold Price
$2,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%
Original Mortgage
$1,800,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 30, 2019
Closed on
Aug 26, 2019
Sold by
Bought by
Seller's Agent
Jeremy Manning
Realty ONE Group
Buyer's Agent
Jeremy Manning
Realty ONE Group
List Price
$2,200,000
Sold Price
$2,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 30, 2019
Closed on
Aug 24, 2019
Sold by
Bought by
Seller's Agent
Jeremy Manning
Realty ONE Group
Buyer's Agent
Jeremy Manning
Realty ONE Group
List Price
$2,200,000
Sold Price
$2,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 17, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 27, 2014
Closed on
Oct 21, 2014
Sold by
Bought by
Seller's Agent
Tony Werstler
Jason Mitchell Real Estate
Buyer's Agent
Tony Werstler
Jason Mitchell Real Estate
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2011
Sold by
Bought by

Purchase Details

Closed on
Oct 8, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
10%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 11, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
7.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Central City, AZ

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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
-- Landmark Title
$2,200,000 Wfg National Title Ins Co
-- None Available
-- None Available
-- None Available
-- Chicago Title Agency
$450,000 Driggs Title Agency Inc
-- Driggs Title Agency Inc
-- Driggs Title Agency Inc
-- Driggs Title Agency Inc
-- Driggs Title Agency Inc
$300,000 Chicago Title
-- Chicago Title Ins Co
$125,000 Chicago Title Insurance Comp
-- Lawyers Title Ins
$300,000 Chicago Title Insurance Co
$170,000 Lawyers Title Of Arizona Inc
$131,000 Old Republic Title Agency
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
Previous Owner $1,800,000
Previous Owner $337,500
Previous Owner $292,500
Previous Owner $240,000
Previous Owner $270,000
Previous Owner $244,000
Previous Owner $119,000
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 Prior Sale
11/09/2023 11/09/23 Sold $2,510,000 +6.8% $3,042 / Sq Ft
10/05/2023 10/05/23 For Sale $2,350,000 0.0% $2,848 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
08/29/2023 08/29/23 For Sale $2,350,000 +6.8% $2,848 / Sq Ft
08/30/2019 08/30/19 Sold $2,200,000 0.0% $2,667 / Sq Ft View Prior Sale
08/01/2019 08/01/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $2,200,000 +388.9% $2,667 / Sq Ft
10/21/2014 10/21/14 Sold $450,000 -9.8% $545 / Sq Ft View Prior Sale
08/03/2014 08/03/14 Pending -- -- --
07/24/2014 07/24/14 For Sale $499,000 -- $605 / 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 $3,383 $24,257
2024 $3,179 $23,102
2023 $3,179 $123,580 $24,710 $98,870
2022 $2,995 $82,980 $16,590 $66,390
2021 $3,038 $95,300 $19,060 $76,240
2020 $3,025 $64,370 $12,870 $51,500
2019 $3,013 $56,650 $11,330 $45,320
2018 $2,976 $48,760 $9,750 $39,010
2017 $2,766 $42,860 $8,570 $34,290
2016 $2,832 $33,350 $6,670 $26,680
2015 $2,632 $29,160 $5,830 $23,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6598333

Arizona Regional Multiple Listing Service (ARMLS)
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