NOT LISTED FOR SALE

2225 E Taylor St Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $412,000 - $533,000

-- Bed
-- Bath
1,395 Sq Ft
$350/Sq Ft Est. Value

Last Sold February 26, 2024

Last sale price $500,000 $358 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,452/month

5 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Concrete Flooring
  • Window Unit Heating System
  • Phoenix Coding Academy Rated A

About This Home

As of February 2024

Investors, seize this multifamily property near Sky Harbor Airport, a value-add gem with four 1bd/1ba units. The property has a large common area for tenants to use. It comes with 5 parking spaces. Units are individually metered for electricity, with master metering for water, sewer, and trash. Easy access to the I-10, SR51 and Loop 202. Minutes from Sky Harbor Airport, downtown Phoenix. This fourplex is priced to sell.

Last Agent to Sell the Property

Patrick O'Sullivan

Get Multifamily License #BR634211000 Listed on: 01/18/2024

Last Buyer's Agent

Sonya Buerger

West USA Realty License #SA638787000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $539

Year Built

  • Built in 1946

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 29 / 2
  • Assessor Parcel Number 116-01-071

Community Details

Overview

  • 4 Units
  • Building Dimensions are UNK
  • Aviation Homesites Subdivision

Building Details

  • Operating Expense $539

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$539

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: 24th St & Van Buren St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: AVIATION HOMESITES
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Window/Wall Unit
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: UNK
  • Additional Parcels: No
  • Parcel #: 116-01-071

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Operating Expense: 539.0

Tax Info

  • Tax Annual Amount: 539.0
  • Tax Block: 2
  • Tax Book Number: 116.00
  • Tax Lot: 29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2024
Closed on
Feb 23, 2024
Sold by
Suh Justin
Bought by
Taylor Phoenix Llc
Seller's Agent
Patrick O'Sullivan
Get Multifamily
Buyer's Agent
Sonya Buerger
West USA Realty
List Price
$580,000
Sold Price
$500,000
Premium/Discount to List
-$80,000
-13.79%
Views
19
Current Estimated Value
$460,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,796
Avg. Annual Appreciation
-1.30%

Purchase Details

Closed on
Apr 9, 2019
Sold by
Sound Llc
Bought by
Suh Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2018
Sold by
Powerhouse Investment Group Llc
Bought by
Sound Llc

Purchase Details

Closed on
Apr 27, 2010
Sold by
Blissful Enterprises Lp
Bought by
Barajas Amelia

Purchase Details

Closed on
Jun 11, 2009
Sold by
Paying Cash For Houses Com Lllc
Bought by
Blissful Enterprises Lp

Purchase Details

Closed on
May 1, 2009
Sold by
Deutsche Bank Trust
Bought by
Paying Cash For Houses Com Llc

Purchase Details

Closed on
Oct 22, 2008
Sold by
Duenas Mario
Bought by
Deutsche Bank Trust Company Americas

Purchase Details

Closed on
Oct 12, 2007
Sold by
Esqueda Maria Del Carmen
Bought by
Esqueda Oswaldo

Purchase Details

Closed on
Jan 30, 2003
Sold by
Crisp Ted F
Bought by
Duenas Mario

Purchase Details

Closed on
Nov 29, 2001
Sold by
Principle Associates Llc
Bought by
Crisp Ted F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 26, 2001
Sold by
Hinson David
Bought by
Principle Associates Llc

Purchase Details

Closed on
Jan 11, 2001
Sold by
Esposito Sam and Esposito Karen
Bought by
Peabody Group Llc

Purchase Details

Closed on
Jan 4, 2001
Sold by
Hinson Mary R
Bought by
Hinson David F

Purchase Details

Closed on
Feb 14, 2000
Sold by
Crisp Ted F
Bought by
Peabody Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 1996
Sold by
Skaife Ronald A
Bought by
Crisp Ted F

Purchase Details

Closed on
Feb 1, 1996
Sold by
Guillett Arthur C and Guillett Jane M
Bought by
Crisp Ted F
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
Taylor Phoenix Llc $500,000 Magnus Title Agency
Suh Justin $300,000 Old Republic Title Agency
Sound Llc $115,000 Wfg National Title Insurance
Barajas Amelia $28,000 American Title Service Agenc
Blissful Enterprises Lp $39,000 American Title Service Agenc
Paying Cash For Houses Com Llc $35,000 Great American Title Agency
Deutsche Bank Trust Company Americas $115,448 None Available
Esqueda Oswaldo -- None Available
Esqueda Oswaldo -- None Available
Duenas Mario -- --
Crisp Ted F $105,299 Security Title Agency
Principle Associates Llc -- --
Peabody Group Llc -- Lawyers Title Of Arizona Inc
Hinson David F -- Lawyers Title Of Arizona Inc
Hinson David F $112,000 Lawyers Title Of Arizona Inc
Peabody Llc $140,000 Capital Title Agency
Crisp Ted F -- United Title Agency
Crisp Ted F $29,024 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Suh Justin $225,000
Previous Owner Crisp Ted F $5,000
Previous Owner Peabody Llc $120,000
Closed Peabody Llc $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2024 02/26/24 Sold $500,000 0.0% $358 / Sq Ft
02/23/2024 02/23/24 Price Changed $500,000 -13.8% $358 / Sq Ft
02/22/2024 02/22/24 Price Changed $580,000 0.0% $416 / Sq Ft
02/22/2024 02/22/24 For Sale $580,000 0.0% $416 / Sq Ft
02/16/2024 02/16/24 Price Changed $580,000 0.0% $416 / Sq Ft
02/16/2024 02/16/24 For Sale $580,000 0.0% $416 / Sq Ft
01/25/2024 01/25/24 Pending -- -- --
01/19/2024 01/19/24 For Sale $580,000 -- $416 / 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 $574 $4,114 -- --
2024 $539 $3,918 -- --
2023 $539 $24,830 $4,960 $19,870
2022 $508 $18,050 $3,610 $14,440
2021 $515 $14,230 $2,840 $11,390
2020 $513 $10,720 $2,140 $8,580
2019 $511 $8,760 $1,750 $7,010
2018 $0 $7,050 $1,410 $5,640
2017 $469 $6,810 $1,360 $5,450
2016 $480 $5,160 $1,030 $4,130
2015 $446 $4,250 $850 $3,400
Source: Public Records

Agents Affiliated with this Home

  • Patrick O'Sullivan

    Seller's Agent in 2024

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    5 in this area

    29 Total Sales

    Patrick O'Sullivan
    Section Image
  • Sonya Buerger

    Buyer's Agent in 2024

    Sonya Buerger

    West USA Realty

    (480) 322-0155

    6 in this area

    91 Total Sales

    Sonya Buerger
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6652408

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-01-071

Arizona Maricopa County Phoenix 85006 Central City

2225 E Taylor St, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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