$237,500
SOLD JUN 30, 2014

2209 N 25th Place Phoenix, AZ 85008

-- Bed
-- Bath
2,442 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$97 Per Sq Ft

1% Below List Price

3 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available
  • The Creighton Academy Rated 9+

About This Home

As of February 2022

Well maintained property is in a desirable rental area and is 100% occupied for instant income! Triplex consists of a single family home with a two story duplex in the back (with private entrance and parking off 26th Street). Home & Duplex recently remodeled in 2009 & 2013. Please see documents for items. No HOA fees. Low property taxes. Turn Key with an excellent property manager in place.

Last Agent to Sell the Property

Bryan Hamby

eXp Realty License #SA530087000 Listed on: 04/29/2014

eXp Realty

Last Buyer's Agent

Emily Devlin

Coldwell Banker Realty License #BR114592000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $750

Year Built

  • Built in 1920

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Wood
  • Concrete

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Schools

  • Creighton Elementary School
  • Phoenix Union Bioscience High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for water
  • Tax Lot 5
  • Assessor Parcel Number 120-37-052

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 79X72, 75X80
  • Vel Ru Subdivision

Building Details

  • Operating Expense $4,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$750

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Cross Street: 24 STREET AND THOMAS
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1920
  • Tax Year: 2013
  • Directions: SOUTH ON 24TH STREET TO OAK, EAST ON OAK TO 25TH PLACE, SOUTH ON 25TH PLACE. PROPERTY ON EAST SIDE OF STREET. TO ACCESS DUPLEX: CONTINUE ON OAK ST. TO 26TH ST, SOUTH TO PROPERTY ON RIGHT
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1920.0
  • Subdivision Name: VEL RU
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood, Concrete
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: None, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: Phoenix Union Bioscience High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 79X72, 75X80
  • Additional Parcels: Yes
  • Parcel #: 120-37-052

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Insurance Expense: 780.0
  • Annual Operating Expense: 4949.5

Tax Info

  • Tax Annual Amount: 749.5
  • Tax Book Number: 120.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Feb 2, 2022
Sold by
Thomason Shelby A and Thomason Jared
Bought by
Sanchez Rodrigo
Seller's Agent
Wendy Ortiz
HomeSmart
Buyer's Agent
Jameson Anderson
Mingus Mountain Real Estate
List Price
$670,000
Sold Price
$600,000
Premium/Discount to List
-$70,000
-10.45%
Current Estimated Value
$661,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,159
Avg. Annual Appreciation
2.49%
Original Mortgage
$589,132
Outstanding Balance
$551,634
Interest Rate
3.45%
Mortgage Type
FHA
Estimated Equity
$102,394

Purchase Details

Listed on
Sep 27, 2017
Closed on
Feb 22, 2018
Sold by
Starzyk Ryan A
Bought by
Thomason Shelby A and Thomason Hared
Seller's Agent
Emily Devlin
Coldwell Banker Realty
Buyer's Agent
Wendy Ortiz
Real Broker
List Price
$399,000
Sold Price
$365,000
Premium/Discount to List
-$34,000
-8.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.59%
Original Mortgage
$342,202
Interest Rate
4.22%
Mortgage Type
VA

Purchase Details

Listed on
Apr 29, 2014
Closed on
Jun 26, 2014
Sold by
Durwood Benjamin
Bought by
Starzyk Ryan A
Seller's Agent
Bryan Hamby
eXp Realty
Buyer's Agent
Emily Devlin
Coldwell Banker Realty
List Price
$240,000
Sold Price
$237,500
Premium/Discount to List
-$2,500
-1.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.28%
Original Mortgage
$237,500
Interest Rate
4.17%
Mortgage Type
VA

Purchase Details

Listed on
Feb 27, 2013
Closed on
Jun 3, 2013
Sold by
Lande Lloyd and Lande Ethel
Bought by
Durwood Benjamin
Seller's Agent
Kevin Langan
Real Broker
Buyer's Agent
Bryan Hamby
eXp Realty
List Price
$205,000
Sold Price
$205,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.52%
Original Mortgage
$153,750
Interest Rate
3.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 27, 2010
Sold by
Creative Solution Investments Llc
Bought by
Lande Lloyd and Lande Ethel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 2009
Sold by
Creative Investments Group Inc
Bought by
Creative Solution Investments Llc

Purchase Details

Closed on
Feb 21, 2008
Sold by
Demichellis Courtney
Bought by
Creative Investments Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 21, 2005
Sold by
Demichellis Jorge
Bought by
Demichellis Courtney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,500
Interest Rate
6.25%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $600,000 Chicago Title
Warranty Deed $365,000 First Arizona Title Agency
Warranty Deed $237,500 Equity Title Agency
Warranty Deed $205,000 Security Title Agency
Warranty Deed $120,000 Magnus Title Agency
Quit Claim Deed -- Accommodation
Warranty Deed $120,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $589,132 FHA
Previous Owner $340,360 VA
Previous Owner $342,202 VA
Previous Owner $237,500 VA
Previous Owner $153,750 Commercial
Previous Owner $90,000 Commercial
Previous Owner $96,000 Commercial
Previous Owner $60,000 Commercial
Previous Owner $153,500 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2022 02/04/22 Sold $600,000 -10.4% $242 / Sq Ft
01/07/2022 01/07/22 For Sale $670,000 0.0% $270 / Sq Ft
01/07/2022 01/07/22 Price Changed $670,000 0.0% $270 / Sq Ft
12/23/2021 12/23/21 Pending -- -- --
11/01/2021 11/01/21 Price Changed $670,000 -2.9% $270 / Sq Ft
09/27/2021 09/27/21 Price Changed $690,000 +72.9% $278 / Sq Ft
09/01/2021 09/01/21 For Sale $399,000 +9.3% $161 / Sq Ft
03/22/2018 03/22/18 Sold $365,000 0.0% $149 / Sq Ft
03/15/2018 03/15/18 Sold $365,000 -8.5% $149 / Sq Ft
03/01/2018 03/01/18 For Sale $399,000 0.0% $163 / Sq Ft
03/01/2018 03/01/18 Price Changed $399,000 0.0% $163 / Sq Ft
03/01/2018 03/01/18 For Sale $399,000 0.0% $163 / Sq Ft
03/01/2018 03/01/18 Price Changed $399,000 0.0% $163 / Sq Ft
01/21/2018 01/21/18 Price Changed $399,000 0.0% $163 / Sq Ft
01/21/2018 01/21/18 Price Changed $399,000 -5.0% $163 / Sq Ft
10/31/2017 10/31/17 For Sale $420,000 0.0% $172 / Sq Ft
09/27/2017 09/27/17 For Sale $420,000 +76.8% $172 / Sq Ft
06/30/2014 06/30/14 Sold $237,500 -1.0% $97 / Sq Ft
05/02/2014 05/02/14 Pending -- -- --
04/29/2014 04/29/14 For Sale $240,000 0.0% $98 / Sq Ft
11/14/2013 11/14/13 Rented $495 -20.8% --
10/24/2013 10/24/13 Under Contract -- -- --
09/23/2013 09/23/13 For Rent $625 0.0% --
06/21/2013 06/21/13 Sold $205,000 0.0% $84 / Sq Ft
05/20/2013 05/20/13 Pending -- -- --
02/27/2013 02/27/13 For Sale $205,000 -- $84 / 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 $1,354 $10,415 -- --
2024 $1,338 $9,919 -- --
2023 $1,338 $42,800 $8,560 $34,240
2022 $1,286 $32,060 $6,410 $25,650
2021 $1,317 $27,360 $5,470 $21,890
2020 $1,285 $22,900 $4,580 $18,320
2019 $1,276 $18,900 $3,780 $15,120
2018 $1,250 $17,160 $3,430 $13,730
2017 $1,202 $15,320 $3,060 $12,260
2016 $1,155 $13,410 $2,680 $10,730
2015 $1,075 $11,130 $2,220 $8,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5107479

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-37-052