NOT LISTED FOR SALE

2215 E Pierce St Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $590,000 - $658,000

-- Bed
-- Bath
3,286 Sq Ft
$190/Sq Ft Est. Value

Last Sold March 21, 2014

Last sale price $95,000 $29 Per Sq Ft

Est. 557% increase in value since last sale

Current estimated payment $3,414/month

72 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of March 2014

This 4plex is located near the Arizona State Hospital & is within close proximity to freeways, bus stops & the light rail. There are additional storage room for tenant. Coin washer & dryer belongs to Dadson Washer Service, buyer has to sign service contract with Dadson Washer Service. Repairs needed.

Last Agent to Sell the Property

Wai Tsang

Gold Trust Realty License #BR549029000 Listed on: 12/11/2013

Last Buyer's Agent

Doug McVinua

Blue Sky Living, LLC License #BR512549000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $582

Year Built

  • Built in 1986

Lot Details

  • 5,837

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 22
  • Assessor Parcel Number 116-03-092-E

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Monmouth Park Subdivision

Building Details

  • Operating Expense $6,782
  • Gross Income $19,440
  • Net Operating Income $16,347

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$582

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: VAN BUREN & 24th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2013
  • Directions: West on Van Buren, R on 21st Place, R on Pierce, property on right side.
  • Road Surface Type: Asphalt
  • Subdivision Name: MONMOUTH PARK
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 116-03-092-E

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 600.0
  • Annual Gross Income: 19440.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 16347.0
  • Annual Operating Expense: 6782.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 582.0
  • Tax Book Number: 116.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2013
Closed on
Mar 15, 2014
Sold by
Guo Chao Fa
Bought by
Goodwin Corey
Seller's Agent
Wai Tsang
Gold Trust Realty
Buyer's Agent
Doug McVinua
Blue Sky Living, LLC
List Price
$99,000
Sold Price
$95,000
Premium/Discount to List
-$4,000
-4.04%
Current Estimated Value
$624,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$529,000
Avg. Annual Appreciation
17.68%
Original Mortgage
$120,914
Interest Rate
4.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2010
Sold by
2215 Pierce Holdings Llc
Bought by
Chao Fa International Enterprises Ltd

Purchase Details

Closed on
Jan 28, 2010
Sold by
Sharp Equity Llc
Bought by
2215 Pierce Holdings Llc

Purchase Details

Closed on
Nov 2, 2009
Sold by
Yamaguchi Warren N
Bought by
Sharp Equity Llc

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
Purchase Money Mortgage

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%
Mortgage Type
New Conventional

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 7, 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
6.96%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Goodwin Corey $95,000 Title365 Agency
Chao Fa International Enterprises Ltd $65,000 Title West Agency Llc
2215 Pierce Holdings Llc -- Accommodation
Sharp Equity Llc $52,001 None Available
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
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Goodwin Corey $120,914
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
03/21/2014 03/21/14 Sold $95,000 -4.0% $29 / Sq Ft
02/21/2014 02/21/14 Pending -- -- --
12/11/2013 12/11/13 For Sale $99,000 -- $30 / 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 $1,110 $8,537 -- --
2024 $1,097 $8,131 -- --
2023 $1,097 $42,010 $8,400 $33,610
2022 $1,054 $30,470 $6,090 $24,380
2021 $1,080 $25,570 $5,110 $20,460
2020 $1,053 $21,600 $4,320 $17,280
2019 $1,046 $17,930 $3,580 $14,350
2018 $1,024 $14,510 $2,900 $11,610
2017 $985 $14,370 $2,870 $11,500
2016 $947 $11,370 $2,270 $9,100
2015 $881 $9,900 $1,980 $7,920
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2014

    Wai Tsang

    Gold Trust Realty

    2 Total Sales

    Wai Tsang
    Section Image
  • Doug McVinua

    Buyer's Agent in 2014

    Doug McVinua

    Blue Sky Living, LLC

    (602) 751-7577

    32 Total Sales

    Doug McVinua
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5041150

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-03-092E

Arizona Maricopa County Phoenix 85006 Central City

2215 E Pierce St, Phoenix, AZ

This home is located at 2215 E Pierce St, Phoenix, AZ 85006 since 11 December 2013 and is currently estimated at $624,000, approximately $189 per square foot. This property was built in 1986. 2215 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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