NOT LISTED FOR SALE

2207 E Pierce St Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $362,510 - $675,000

2 Beds
8 Baths
800 Sq Ft
$688/Sq Ft Est. Value

Last Sold July 11, 2017

Last sale price $385,000 $481 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,018/month

4 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • No Heating

About This Home

As of July 2017

Two separate 4plexes being sold as package, addresses include 2207 E Pierce and 2211 E Pierce. Includes 8 units total, all 2 bedrooms. Recent improvements include new upper-decks/walkways, 4 units have been remodeled, and 3 new conditioners (2 just bought and 1 a little over a year old), these units rent out very easily, and some are below market rent. Market rent is approx $550/month. Each building is 2 story with 2 units above and 2 below. plenty of parking. Rentable location near downtown, airport and hospital. Buildings located at end of cul-de-sac. All 8 units currently leased for $4,020/month

Last Agent to Sell the Property

Chad Arend

HomeSmart License #SA568776000 Listed on: 05/12/2017

HomeSmart

Last Buyer's Agent

Kelly McCormack

West USA Realty License #SA529500000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,774

Year Built

  • Built in 1986

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • No Heating

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 22
  • Assessor Parcel Number 116-03-092-C

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 10297
  • Monmouth Park Lots 25 29 Subdivision

Building Details

  • Operating Expense $9,203
  • Gross Income $48
  • Net Operating Income $21,965

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,774

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: 24th St & Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 2
  • Year Built: 1986
  • Tax Year: 2016
  • Directions: 24th St & Roosevelt Directions: West on Roosevelt to south on 21st. Follow short bend to Pierce, east to properties
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3859.0
  • Subdivision Name: MONMOUTH PARK LOTS 25-29
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 10297
  • Additional Parcels: Yes
  • Parcel #: 116-03-092-C

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 8
  • Electric Expense: 90.0
  • Annual Gross Income: 47.5
  • Insurance Expense: 3360.0
  • Property Net Operating Income: 21965.48
  • Annual Operating Expense: 9203.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1774.0
  • Tax Book Number: 116.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2021
Sold by
Urquidez Humberto
Bought by
2207 E Pierce St Llc
Current Estimated Value
$550,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Outstanding Balance
$123,107
Interest Rate
2.8%
Estimated Equity
$427,521

Purchase Details

Listed on
May 12, 2017
Closed on
Jul 7, 2017
Sold by
Urquidez Blanca and Urquidez Humberto F
Bought by
Urquidez Humberto F
Seller's Agent
Chad Arend
HomeSmart
Buyer's Agent
Kelly McCormack
West USA Realty
List Price
$398,000
Sold Price
$385,000
Premium/Discount to List
-$13,000
-3.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.44%

Purchase Details

Listed on
May 12, 2017
Closed on
Jun 16, 2017
Sold by
Eric Muscatel Llc
Bought by
Urquidez Humberto F
Seller's Agent
Chad Arend
HomeSmart
Buyer's Agent
Kelly McCormack
West USA Realty
List Price
$398,000
Sold Price
$385,000
Premium/Discount to List
-$13,000
-3.27%

Purchase Details

Listed on
Jul 17, 2014
Closed on
Jul 30, 2014
Sold by
American Collateral Buyers
Bought by
Eric Muscatel Llc
Seller's Agent
Chad Arend
HomeSmart
Buyer's Agent
Chad Arend
HomeSmart
List Price
$224,000
Sold Price
$215,000
Premium/Discount to List
-$9,000
-4.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.17%

Purchase Details

Closed on
Mar 15, 2014
Sold by
Chao Fa International Enterprises Ltd
Bought by
Guo Chao Fa

Purchase Details

Closed on
Sep 16, 2009
Sold by
Jp Morgan Chase Bank
Bought by
Gmac Mortgage Corporation

Purchase Details

Closed on
Sep 2, 2009
Sold by
Gmac Mortgage Corporation
Bought by
American Collateral Buyers Llc

Purchase Details

Closed on
Jul 23, 2009
Sold by
Yamaguchi Warren N and Mortgage Electronic Registrati
Bought by
Jp Morgan Chase Bank

Purchase Details

Closed on
Dec 3, 2003
Sold by
Abrams Seymour
Bought by
Yamaguchi Warren N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2002
Sold by
Zobler Erich
Bought by
Abrams Seymour

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
8%

Purchase Details

Closed on
Nov 9, 2001
Sold by
Jones Thatcher D and Jones Donna M
Bought by
Zobler Erich

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 1999
Sold by
Boone Gary M and Miloe Chris
Bought by
Jones Thatcher D and Jones Donna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,250
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 1998
Sold by
Boone Patricia A
Bought by
Boone Gary M

Purchase Details

Closed on
Aug 22, 1997
Sold by
Ulrich Dale D
Bought by
Witt Robert and Witt Deborah

Purchase Details

Closed on
Nov 11, 1996
Sold by
Sbg Apartment Rentals Inc
Bought by
Witt Rob and Witt Deborah
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
2207 E Pierce St Llc -- Atlas Title Agency Inc
Urquidez Humberto -- Atlas Title Agency Inc
Urquidez Humberto -- Atlas Title Agency Inc
Urquidez Humberto F -- Nextitle
Urquidez Humberto F $192,500 Nextitle
Eric Muscatel Llc $209,000 Lawyers Title Of Arizona Inc
Guo Chao Fa -- None Available
Gmac Mortgage Corporation -- First American Title Ins Co
American Collateral Buyers Llc $67,500 First American Title Ins Co
Jp Morgan Chase Bank $89,250 Security Title Agency
Yamaguchi Warren N $220,000 Lawyers Title Insurance Corp
Abrams Seymour $210,000 American Title Ins Agency Az
Zobler Erich $175,000 First American Title
Jones Thatcher D $92,500 First American Title
Boone Gary M -- Stewart Title & Trust
Witt Robert -- Stewart Title & Trust
Witt Rob -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Urquidez Humberto $135,000
Closed Urquidez Humberto $135,000
Previous Owner Yamaguchi Warren N $176,000
Previous Owner Abrams Seymour $199,500
Previous Owner Zobler Erich $140,000
Previous Owner Jones Thatcher D $83,250
Closed Zobler Erich $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2017 07/11/17 Sold $385,000 -3.3% $481 / Sq Ft
06/30/2017 06/30/17 Price Changed $398,000 0.0% $498 / Sq Ft
05/16/2017 05/16/17 Pending -- -- --
05/12/2017 05/12/17 For Sale $398,000 +85.1% $498 / Sq Ft
08/14/2014 08/14/14 Sold $215,000 -4.0% $269 / Sq Ft View Prior Sale
07/21/2014 07/21/14 Pending -- -- --
07/17/2014 07/17/14 For Sale $224,000 -- $280 / 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 $1,039 $7,994 -- --
2024 $1,027 $7,614 -- --
2023 $1,027 $35,950 $7,190 $28,760
2022 $987 $25,870 $5,170 $20,700
2021 $1,011 $21,700 $4,340 $17,360
2020 $986 $18,370 $3,670 $14,700
2019 $979 $15,300 $3,060 $12,240
2018 $959 $12,350 $2,470 $9,880
2017 $922 $12,030 $2,400 $9,630
2016 $887 $9,820 $1,960 $7,860
2015 $825 $8,600 $1,720 $6,880
Source: Public Records

Agents Affiliated with this Home

  • Chad Arend

    Seller's Agent in 2017

    Chad Arend

    HomeSmart

    (602) 740-2074

    1 in this area

    100 Total Sales

    Chad Arend
    Section Image

  • K

    Buyer's Agent in 2017

    Kelly McCormack

    West USA Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5604715

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-03-092C

Arizona Maricopa County Phoenix 85006 Central City

2207 E Pierce St, Phoenix, AZ

This home is located at 2207 E Pierce St, Phoenix, AZ 85006 since 12 May 2017 and is currently estimated at $550,628, approximately $688 per square foot. This property was built in 1986. 2207 E Pierce St is a home located in Maricopa County with nearby schools including Excelencia School, North High School, and Phoenix Coding Academy.

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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