NOT LISTED FOR SALE

2222 E Polk St Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $443,000 - $870,000

-- Bed
-- Bath
2,740 Sq Ft
$241/Sq Ft Est. Value

Last Sold July 20, 2016

Last sale price $355,000 $130 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $3,735/month

3 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

As of July 2016

Great Investment Opportunity. Clean and updated, Seller's business will rent back entire propety to new owner and pay $3300/mo plus utilites, rental tax and maintenance. Just sit back and collect the rent every month. Property being sold with 2218 E Polk St. Call for more details.

Last Agent to Sell the Property

Susan Phelan

Revinre License #SA642231000 Listed on: 06/14/2016

Revinre

Last Buyer's Agent

David Evans Jr

Realty ONE Group License #BR537006000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $949

Year Built

  • Built in 1987

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Free Parking
  • Paved Parking

Schools

  • Wilson Elementary School
  • North High School

Utilities

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

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV, landscaping
  • Legal Lot and Block 26 & 28 / 2
  • Assessor Parcel Number 116-01-070

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • Building Dimensions are 16494
  • Aviation Homesites Subdivision

Building Details

  • Operating Expense $17,970
  • Gross Income $45,243
  • Net Operating Income $28,543

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$949

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: VAN BUREN AND 24th ST
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2015
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Professional Management Expense: 3621.0
  • Subdivision Name: AVIATION HOMESITES
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter, Individual Meter
  • 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: 2000.0

Schools

  • Elementary School: Wilson Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 16494
  • Additional Parcels: Yes
  • Parcel #: 116-01-070

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: See Remarks, Trash Collection, Gas, Electricity, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 7
  • Electric Expense: 1880.0
  • Annual Gross Income: 45242.8
  • Insurance Expense: 1650.0
  • Maintenance Expense: 3400.0
  • Property Net Operating Income: 28543.0
  • Annual Operating Expense: 17970.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 949.0
  • Tax Block: 2
  • Tax Book Number: 116.00
  • Tax Lot: 26 & 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2016
Closed on
Jul 14, 2016
Sold by
Beyer David
Bought by
Kbd & Rr Investments Llc
Seller's Agent
Susan Phelan
Revinre
Buyer's Agent
David Evans Jr
Realty ONE Group
List Price
$355,000
Sold Price
$355,000
Current Estimated Value
$659,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,030
Avg. Annual Appreciation
7.36%

Purchase Details

Listed on
Dec 29, 2015
Closed on
Apr 26, 2016
Sold by
Ft Property Beta Llc
Bought by
Beyer David
Seller's Agent
Arvle Knight
Transworld Business Advisors of Phoenix NE
Buyer's Agent
Susan Phelan
Revinre
List Price
$349,000
Sold Price
$334,000
Premium/Discount to List
-$15,000
-4.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.94%
Original Mortgage
$19,900
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 5, 2014
Closed on
Oct 28, 2014
Sold by
Isham Robert William and Burns Glory
Bought by
Ft Property Beta Llc
Seller's Agent
Kevin Belzer
HomeSmart
Buyer's Agent
Lauren Forster
HomeSmart Realty
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
71.75%
Original Mortgage
$240,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2011
Sold by
Deus Ditat
Bought by
Mendoza Olga M

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
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2011
Sold by
Mendoza Carlos A
Bought by
Commercial Diversfield Service Llc

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
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2011
Sold by
Terrys Real Estate Investments Llc
Bought by
Pcm Properties Llc

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
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2009
Sold by
Mendoza Micalina
Bought by
Mendoza Olga M

Purchase Details

Closed on
Aug 11, 2005
Sold by
Dominguez Margarita Olivas
Bought by
Mendoza Micalina

Purchase Details

Closed on
Jan 22, 2002
Sold by
Mendoza Carlos and Mendoza Olga
Bought by
Dominguez Margareta Olivas

Purchase Details

Closed on
Mar 13, 1997
Sold by
Winston Fred
Bought by
Mendoza Carlos and Mendoza Olga

Purchase Details

Closed on
Aug 5, 1996
Sold by
Central Phoenix Properties I Inc
Bought by
Winston Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,500
Interest Rate
8.18%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 27, 1996
Sold by
Craig Kevin P and Craig Susan M
Bought by
Central Phoenix Properties I Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.04%

Purchase Details

Closed on
Jul 8, 1994
Sold by
Ferguson James A
Bought by
Craig Kevin P

Purchase Details

Closed on
Apr 13, 1994
Sold by
Bank United Of Texas
Bought by
Craig Kevin P and Ferguson James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
7.84%
Mortgage Type
Purchase Money Mortgage
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
Kbd & Rr Investments Llc $205,000 First American Title Ins Co
Beyer David $199,000 American Title Svc Agency Ll
Ft Property Beta Llc $300,000 Empire West Title Agency
Mendoza Olga M -- Accommodation
Mendoza Olga M -- Accommodation
Commercial Diversfield Service Llc -- First American Title Ins Co
Mendoza Carlos A -- First American Title Ins Co
Pcm Properties Llc $61,000 First American Title Ins Co
Terrys Real Estate Investments Llc $45,000 First American Title Ins Co
Mendoza Olga M -- None Available
Mendoza Micalina -- --
Dominguez Margareta Olivas -- --
Mendoza Carlos -- Chicago Title Insurance Co
Winston Fred $65,000 Chicago Title Insurance Co
Central Phoenix Properties I Inc -- Security Title Agency
Craig Kevin P -- --
Craig Kevin P $19,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beyer David $19,900
Previous Owner Ft Property Beta Llc $240,000
Previous Owner Pcm Properties Llc $60,000
Previous Owner Pcm Properties Llc $175,000
Previous Owner Mendoza Olga M $42,700
Previous Owner Mendoza Carlos A $42,700
Previous Owner Terrys Real Estate Investments Llc $42,700
Previous Owner Winston Fred $61,500
Previous Owner Central Phoenix Properties I Inc $30,000
Previous Owner Craig Kevin P $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2016 07/20/16 Sold $355,000 0.0% $130 / Sq Ft
06/17/2016 06/17/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $355,000 +6.3% $130 / Sq Ft
04/29/2016 04/29/16 Sold $334,000 -4.3% $122 / Sq Ft
04/14/2016 04/14/16 Pending -- -- --
12/28/2015 12/28/15 For Sale $349,000 +132.7% $127 / Sq Ft
11/07/2014 11/07/14 Sold $150,000 -53.8% $55 / Sq Ft
09/29/2014 09/29/14 Pending -- -- --
09/05/2014 09/05/14 For Sale $325,000 -- $119 / 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 $1,141 $8,749 -- --
2024 $1,146 $8,332 -- --
2023 $1,146 $38,730 $7,740 $30,990
2022 $1,080 $28,070 $5,610 $22,460
2021 $1,096 $23,980 $4,790 $19,190
2020 $1,091 $20,230 $4,040 $16,190
2019 $1,086 $16,380 $3,270 $13,110
2018 $1,073 $13,230 $2,640 $10,590
2017 $998 $13,110 $2,620 $10,490
2016 $1,021 $10,520 $2,100 $8,420
2015 $949 $8,960 $1,790 $7,170
Source: Public Records

Agents Affiliated with this Home

  • Susan Phelan

    Seller's Agent in 2016

    Susan Phelan

    Revinre

    (602) 574-2911

    42 Total Sales

    Section Image

  • A

    Seller's Agent in 2016

    Arvle Knight

    Transworld Business Advisors of Phoenix NE

    Section Image

  • J

    Seller Co-Listing Agent in 2016

    John Locke

    Kasten Long Commercial Group

  • D

    Buyer's Agent in 2016

    David Evans Jr

    Realty One Group

    (480) 440-5892

    8 Total Sales

    Section Image
  • Kevin Belzer

    Seller's Agent in 2014

    Kevin Belzer

    HomeSmart

    (602) 763-8106

    140 Total Sales

    Section Image

  • L

    Buyer's Agent in 2014

    Lauren Forster

    HomeSmart Realty

    (602) 230-7600

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5457617

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-01-070

Arizona Maricopa County Phoenix 85006 Central City

2222 E Polk St, Phoenix, AZ

This home is located at 2222 E Polk St, Phoenix, AZ 85006 since 14 June 2016 and is currently estimated at $659,030, approximately $240 per square foot. This property was built in 1987. 2222 E Polk St is a home located in Maricopa County with nearby schools including Wilson Primary School, Wilson Elementary School, and North High School.

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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