NOT LISTED FOR SALE

2224 E Washington St Unit 1 Phoenix, AZ 85034

Central City Neighborhood

Estimated Value: $688,737

1.14 Acres
$604,155 Price per Acre
49,658 Sq Ft Lot

Last Sold March 01, 2018

Last sale price $400,000

Est. 72% increase in value since last sale

Current estimated payment $4,312/month

122 Days on Market

About This Lot

As of March 2018

Just fell out of escrow. 1.14 Acre paved and fenced lot. Fronts the light rail. Industrial zoned A-1 property just North of Sky Harbor Airport and I-10 Freeway. Excellent location for many uses. Great potential for airport, taxi or truck parking or rental car services. Previously used for rental car parking

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 09/29/2017

Last Buyer's Agent

Bryan Watkins

LRA Real Estate Group, LLC License #BR545459000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,952

Lot Details

  • 1.14 Acre Lot
  • Block Wall Fence
  • Property is zoned I-1/A-1

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 115-01-020

Property Details

Property Type

Land

Est. Annual Taxes

$7,952

Lot Details

0

Listing Details

  • Cross Street: 24th & Washington
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: I-1/A-1
  • Tax Year: 2016
  • Lot Size Acres: 1.14
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Block
  • Disclosures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 150X331
  • Lot Size Sq Ft: 49650.0
  • Additional Parcels: No
  • Parcel #: 115-01-020
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7952.0
  • Tax Book Number: 115.00
  • Tax Lot: 1
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2022
Sold by
Smith Kevin M and Smith Barbara A
Bought by
Jts Living Trust and Smith
Current Estimated Value
$688,737

Purchase Details

Listed on
Sep 29, 2017
Closed on
Feb 21, 2018
Sold by
Lama Properties Lp
Bought by
Smith Kevin M and Smith Barbara A
Seller's Agent
Don Mortensen
LRA Real Estate Group, LLC
Buyer's Agent
Bryan Watkins
LRA Real Estate Group, LLC
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%
Original Mortgage
$300,000
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jts Living Trust -- Seiter Marcus N
Smith Kevin M $400,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Kevin M $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2018 03/01/18 Sold $400,000 -5.9% --
01/29/2018 01/29/18 Pending -- -- --
09/29/2017 09/29/17 For Sale $425,000 -- --
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 $8,444 $60,539 -- --
2024 $8,429 $59,458 -- --
2023 $8,429 $92,820 $79,475 $13,345
2022 $8,174 $66,728 $54,268 $12,460
2021 $8,531 $68,436 $55,818 $12,618
2020 $8,494 $66,672 $54,000 $12,672
2019 $8,458 $55,476 $43,164 $12,312
2018 $8,357 $48,528 $35,946 $12,582
2017 $7,767 $47,610 $37,458 $10,152
2016 $7,952 $43,902 $34,038 $9,864
2015 $7,846 $44,400 $35,483 $8,917
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2018

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    117 Total Sales

    Don Mortensen
    Section Image
  • Bryan Watkins

    Buyer's Agent in 2018

    Bryan Watkins

    LRA Real Estate Group, LLC

    (480) 734-7878

    6 in this area

    41 Total Sales

    Bryan Watkins
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5667145

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-01-020

Arizona Maricopa County Phoenix 85034 Central City

2224 E Washington St Unit 1, Phoenix, AZ

Not Listed for Sale

Lots

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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