NOT LISTED FOR SALE

2218 E Polk St Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $285,000 - $358,000

Studio
1 Bath
616 Sq Ft
$505/Sq Ft Est. Value

Sale Details

Date Sold: November 7, 2014

Last sale price $150,000 $244 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $1,802 / mo

24 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of November 2014

PART OF A PACKAGE DEAL WITH 2222 E POLK STREET. TOTAL PRICE FOR PACKAGE IS AS LISTED, $325,000. 2 BEDROOM 1 BATHROOM 4 PLEX. ALL REMODELED IN THE PAST YEAR WITH NEWER A/C UNITS, FLOORING, CABINETS, FIXTURES AND PAINT. 2218 POLK IS A SINGLE FAMILY 2 BEDROOM 1 BATHROOM REMODELED HOME WITH WASHER AND DRYER. 2218 POLK ALSO HAS A SECOND HOUSE SPLIT INTO 2 STUDIO APARTMENTS. THESE ARE TURN KEY RENTALS.

Last Agent to Sell the Property

Kevin Belzer

HomeSmart License #SA627957000 Listed on: 09/05/2014

HomeSmart

Last Buyer's Agent

Lauren Forster

HomeSmart License #SA574093000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $334

Year Built

  • Built in 1948

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding
  • Stucco

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Free Parking
  • Paved Parking
  • On-Street Parking

Schools

  • Wilson Elementary School - Phoenix
  • Wilson Primary Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer
  • The owner pays for gas, electricity, trash collection, water, sewer
  • Tax Lot 26
  • Assessor Parcel Number 116-01-068

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • Building Dimensions are 8247
  • Aviation Homesites Subdivision

Building Details

  • Gross Income $47,941
  • Net Operating Income $44,395

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$334

Year Built

Built in 1948

Lot Details

8,233 Sq Ft Lot

Listing Details

  • Cross Street: VAN BUREN AND 23RD ST
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2013
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: AVIATION HOMESITES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile, Wood
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Free, Street Parking
  • 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
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Individual, Heat Pump, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter, Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 120.0
  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 2760.0

Schools

  • Elementary School: Wilson Elementary School - Phoenix
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Wilson Primary School

Lot Info

  • Lot Size: 8247
  • Additional Parcels: Yes
  • Parcel #: 116-01-068

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer
  • Number Of Units Total: 7
  • Electric Expense: 2220.0
  • Annual Gross Income: 47941.2
  • Insurance Expense: 1518.96
  • Property Net Operating Income: 44395.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 334.24
  • Tax Book Number: 116.00
  • Tax Lot: 26

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

Closed on
Jun 22, 2016
Sold by
Bought by
Current Estimated Value
$310,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
0.0371%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 26, 2016
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
$27,000
Interest Rate
0.0371%
Mortgage Type
Unknown

Purchase Details

Listed on
Sep 5, 2014
Closed on
Oct 28, 2014
Sold by
Bought by
Seller's Agent
Kevin Belzer
HomeSmart
Buyer's Agent
Lauren Forster
HomeSmart
List Price
$325,000
Sold Price
$150,000
Premium/Discount to List
-$175,000
-53.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.40%
Original Mortgage
$240,000
Interest Rate
0.0417%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2014
Sold by
Bought by

Purchase Details

Closed on
Jul 12, 2011
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
$42,700
Interest Rate
0.0416%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 2008
Sold by
Bought by

Purchase Details

Closed on
Jul 2, 2007
Sold by
Bought by

Purchase Details

Closed on
Nov 30, 1998
Sold by
Bought by

Purchase Details

Closed on
May 16, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$150,000 First American Title Ins Co
$135,000 American Title Svc Agency Ll
$300,000 Empire West Title Agency
$45,000 None Available
$45,000 First American Title Ins Co
$61,000 First American Title Ins Co
-- None Available
-- None Available
-- None Available
$33,000 Chicago Title Insurance Co
-- Stewart Title & Trust
-- Stewart Title & Trust
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 $27,000
Previous Owner $74,250
Previous Owner $129,350
Previous Owner $240,000
Previous Owner $42,700
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
11/07/2014 11/07/14 Sold $150,000 -53.8% $244 / Sq Ft
09/29/2014 09/29/14 Pending -- -- --
09/05/2014 09/05/14 For Sale $325,000 -- $528 / 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 $1,144 $8,201
2024 $1,075 $7,811
2023 $1,075 $21,060 $4,210 $16,850
2022 $1,013 $16,200 $3,240 $12,960
2021 $1,027 $12,430 $2,480 $9,950
2020 $1,023 $10,380 $2,070 $8,310
2019 $1,019 $8,500 $1,700 $6,800
2018 $458 $7,730 $1,540 $6,190
2017 $425 $5,270 $1,050 $4,220
2016 $435 $4,500 $900 $3,600
2015 $404 $3,620 $720 $2,900
Source: Public Records

Agents Affiliated with this Home

  • Kevin Belzer

    Seller's Agent in 2014

    Kevin Belzer

    HomeSmart

    (602) 763-8106

    125 Total Sales

    Kevin Belzer
    Section Image

  • L

    Buyer's Agent in 2014

    Lauren Forster

    HomeSmart

    (602) 230-7600

    1 Total Sale

    Lauren Forster
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5167750

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-01-068

Arizona Maricopa County Phoenix 85006 Central City

2218 E Polk St, Phoenix, AZ

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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