NOT LISTED FOR SALE

2232 E Garfield St Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $351,372 - $437,000

4 Beds
1 Bath
500 Sq Ft
$758/Sq Ft Est. Value

Last Sold August 23, 2017

Last sale price $182,000 $364 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $2,080/month

47 Days on Market

Highlights

  • Evaporated cooling system
  • Community Playground
  • No Heating
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

As of August 2017

Excellent investment opportunity. Great block constructed single story 4-plex units with full kitchen,range and refrigerator, living room. bedroom large closet and a bathroom. Nice location near airport, downtown and light rail. Plenty of parking, extra large lot with circular drive. All units are occupied at this time. There is no sign on property - PLEASE DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Frances Gutierrez

Keller Williams Realty Sonoran Living License #SA548341000 Listed on: 05/13/2017

Keller Williams Realty Sonoran Living

Last Buyer's Agent

Stacy Fitzgerald

BLD Real Estate License #BR572835000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $615

Year Built

  • Built in 1954

Lot Details

  • 0.31

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Assigned Parking

Schools

  • Garfield Elementary School
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Evaporated cooling system
  • No Heating

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for gas, electricity, water
  • Legal Lot and Block 8 / 1
  • Assessor Parcel Number 116-03-010-A

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 13290
  • Bumbalow Heights Blk 3, Lots 7 13 Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $5,322
  • Gross Income $18,660
  • Net Operating Income $13,338

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$615

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: 24th Street & Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2016
  • Directions: 24TH Street, South of Roosevelt to Garfield West to property.
  • Road Surface Type: Gravel, Dirt
  • Subdivision Name: BUMBALOW HEIGHTS BLK 3, LOTS 7-13
  • Tax Parcel Letter: A
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Assigned: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: Other, See Remarks, City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Trash Expense: 586.0
  • Annual Water Sewer Expense: 596.0

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 13290
  • Additional Parcels: Yes
  • Parcel #: 116-03-010-A

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: Gas, Electricity, Water
  • Number Of Units Total: 4
  • Annual Gross Income: 18660.0
  • Insurance Expense: 1450.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 13338.0
  • Annual Operating Expense: 5322.0

Tax Info

  • Tax Annual Amount: 615.0
  • Tax Block: 1
  • Tax Book Number: 116.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2017
Closed on
Aug 4, 2017
Sold by
Lenoir Nathan
Bought by
Saal Andrea
Seller's Agent
Frances Gutierrez
Keller Williams Realty Sonoran Living
Buyer's Agent
Stacy Fitzgerald
BLD Real Estate
List Price
$212,000
Sold Price
$182,000
Premium/Discount to List
-$30,000
-14.15%
Current Estimated Value
$379,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,093
Avg. Annual Appreciation
9.46%
Original Mortgage
$118,300
Outstanding Balance
$100,115
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$278,978

Purchase Details

Closed on
Nov 7, 2005
Sold by
Sanchez Javier
Bought by
Lenoir Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 1980
Sold by
Tenorio Louis V and Tenorio Marsha
Bought by
Adams Benjamin P and Adams Tina M
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
Saal Andrea $182,000 Empire West Title Agency Llc
Lenoir Nathan $212,000 Fidelity National Title
Adams Benjamin P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saal Andrea $118,300
Previous Owner Lenoir Nathan $169,600
Closed Lenoir Nathan $21,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2017 08/23/17 Sold $182,000 0.0% $364 / Sq Ft
07/25/2017 07/25/17 Price Changed $182,000 -8.5% $364 / Sq Ft
06/29/2017 06/29/17 Pending -- -- --
06/15/2017 06/15/17 Price Changed $199,000 -6.1% $398 / Sq Ft
05/13/2017 05/13/17 For Sale $212,000 -- $424 / 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 $743 $5,712 -- --
2024 $734 $5,440 -- --
2023 $734 $24,270 $4,850 $19,420
2022 $705 $20,120 $4,020 $16,100
2021 $723 $13,670 $2,730 $10,940
2020 $705 $11,460 $2,290 $9,170
2019 $700 $9,330 $1,860 $7,470
2018 $686 $9,110 $1,820 $7,290
2017 $641 $6,100 $1,220 $4,880
2016 $615 $6,630 $1,320 $5,310
2015 $573 $5,710 $1,140 $4,570
Source: Public Records

Agents Affiliated with this Home

  • Frances Gutierrez

    Seller's Agent in 2017

    Frances Gutierrez

    Keller Williams Realty Sonoran Living

    (602) 980-3244

    1 in this area

    53 Total Sales

    Frances Gutierrez
    Section Image
  • Stacy Fitzgerald

    Buyer's Agent in 2017

    Stacy Fitzgerald

    BLD Real Estate

    (623) 826-5729

    2 in this area

    11 Total Sales

    Stacy Fitzgerald
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5608905

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-03-010A

Arizona Maricopa County Phoenix 85006 Central City

2232 E Garfield St, Phoenix, AZ

This home is located at 2232 E Garfield St, Phoenix, AZ 85006 since 13 May 2017 and is currently estimated at $379,093, approximately $758 per square foot. This property was built in 1954. 2232 E Garfield 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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