NOT LISTED FOR SALE

2249 E Roosevelt St Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $367,000 - $541,000

-- Bed
4 Baths
430 Sq Ft
$1,095/Sq Ft Est. Value

Last Sold May 13, 2020

Last sale price $369,250 $859 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,589/month

8 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • No Heating

About This Home

As of May 2020

CASH FLOW!! Located in the opportunity zone, this renovated four plex features individual casitas! 3 out of 4 units have been renovated!There is a separate laundry in the back that is 25$ a month per unit. Each unit is metered separately for gas and electric. Currently 1 vacant unit. Unit 3&4 are both section 8. Do not disturb tenants!

unit 1 vacant - market rent $950
unit 2 occupied $850- unit not renovated
unit 3 occupied $850- section 8
unit 4 occupied $947 - section 8

Last Agent to Sell the Property

Morgan Venetos

My Home Group Real Estate License #SA674197000 Listed on: 03/28/2020

My Home Group Real Estate

Last Buyer's Agent

Brittany Klemme

Keller Williams Realty Sonoran Living License #BR645220000

Keller Williams Realty Sonoran Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $929

Year Built

  • Built in 1960

Lot Details

  • 6,708

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Creighton Elementary School

Utilities

  • Evaporated cooling system
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 116-03-001

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 6693
  • Bumbalow Heights Subdivision

Building Details

  • Operating Expense $4,429
  • Gross Income $43,164
  • Net Operating Income $38,735

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$929

Year Built

Built in 1960

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
  • Year Built: 1960
  • Tax Year: 2019
  • Road Surface Type: Concrete
  • Subdivision Name: Bumbalow Heights
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Evaporative Cooling
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Creighton Elementary School

Lot Info

  • Lot Size: 6693
  • Additional Parcels: No
  • Parcel #: 116-03-001

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 43164.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 1100.0
  • Property Net Operating Income: 38735.0
  • Annual Operating Expense: 4429.0

Tax Info

  • Tax Annual Amount: 929.0
  • Tax Book Number: 116.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2021
Sold by
Tu Lana and Yen Phillip
Bought by
Orange Bird Llc
Current Estimated Value
$470,939

Purchase Details

Closed on
May 25, 2021
Sold by
Elston Ud
Bought by
Tu Lana and Yen Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 28, 2020
Closed on
May 11, 2020
Sold by
Sameuchay Jennie
Bought by
Elston Ud
Seller's Agent
Morgan Venetos
My Home Group Real Estate
Buyer's Agent
Brittany Klemme
Keller Williams Realty Sonoran Living
List Price
$375,000
Sold Price
$369,250
Premium/Discount to List
-$5,750
-1.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.61%
Original Mortgage
$276,476
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 28, 2020
Closed on
May 7, 2020
Sold by
Jones Cameron W
Bought by
Elston Ud
Seller's Agent
Morgan Venetos
My Home Group Real Estate
Buyer's Agent
Brittany Klemme
Keller Williams Realty Sonoran Living
List Price
$375,000
Sold Price
$369,250
Premium/Discount to List
-$5,750
-1.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,476
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2019
Sold by
Magnum Financial Llc
Bought by
Jones Cameron W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
7.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 29, 2017
Sold by
Rosete Arturo Martinez
Bought by
Magnum Financial Llc

Purchase Details

Closed on
Jun 15, 2014
Sold by
Logical Investments Arizona Lllp
Bought by
Rosete Arturo Martinez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2010
Sold by
Brochno Jodi
Bought by
Logical Investments Arizona Lp

Purchase Details

Closed on
Apr 26, 2006
Sold by
Kaitz Mark S
Bought by
Kaitz Mark S and Kaitz Carole Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,100
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2006
Sold by
Kaitz Carole Z
Bought by
Kaitz Mark S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,100
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2006
Sold by
Castellanos Oliver
Bought by
Kaitz Mark S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,100
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2004
Sold by
Platinum Properties Llp
Bought by
Castellanos Oliver

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2004
Sold by
Castellanos Daisy
Bought by
Castellanos Oliver

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2003
Sold by
Minton Glenn E and Minton Nora N
Bought by
Urquhart Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
5.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 1999
Sold by
Minton Glen E and Minton Nora N
Bought by
Minton Glenn E and Minton Living Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Orange Bird Llc -- None Available
Tu Lana $475,000 Premier Title Agency
Elston Ud -- Grand Canyon Title Agency
Elston Ud $369,250 Grand Canyon Title Agency
Jones Cameron W $210,000 Empire West Title Agency Llc
Magnum Financial Llc $115,488 Empire West Title Agency Llc
Rosete Arturo Martinez $105,000 Empire West Title Agency
Logical Investments Arizona Lp -- Accommodation
Brochno Jodi -- Magnus Title Agency
Brochno Jodi $50,000 Magnus Title Agency
Kaitz Mark S -- Lawyers Title Insurance Corp
Kaitz Mark S -- Lawyers Title Insurance Corp
Kaitz Mark S $233,000 Lawyers Title Insurance Corp
Castellanos Oliver $152,500 Security Title Agency
Platinum Properties Llp -- Security Title Agency
Castellanos Oliver -- Security Title Agency
Urquhart Joseph $117,000 Century Title Agency Inc
Minton Glenn E -- Century Title Agency Inc
Minton Glenn E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tu Lana $356,250
Previous Owner Elston Ud $276,476
Previous Owner Jones Cameron W $157,500
Previous Owner Rosete Arturo Martinez $39,000
Previous Owner Kaitz Mark S $163,100
Previous Owner Kaitz Mark S $163,100
Previous Owner Kaitz Mark S $163,100
Previous Owner Castellanos Oliver $30,000
Previous Owner Platinum Properties Llp $105,000
Previous Owner Castellanos Oliver $105,000
Previous Owner Urquhart Joseph $93,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2020 05/13/20 Sold $369,250 -1.5% $859 / Sq Ft
05/11/2020 05/11/20 For Sale $375,000 0.0% $872 / Sq Ft
04/02/2020 04/02/20 Price Changed $375,000 +7.1% $872 / Sq Ft
03/25/2020 03/25/20 For Sale $349,999 -- $814 / 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 $986 $7,584 -- --
2024 $975 $7,223 -- --
2023 $975 $23,350 $4,670 $18,680
2022 $936 $18,310 $3,660 $14,650
2021 $959 $13,880 $2,770 $11,110
2020 $936 $11,620 $2,320 $9,300
2019 $929 $7,860 $1,570 $6,290
2018 $530 $7,170 $1,430 $5,740
2017 $509 $4,820 $960 $3,860
2016 $489 $5,280 $1,050 $4,230
2015 $455 $4,330 $860 $3,470
Source: Public Records

Agents Affiliated with this Home

  • Morgan Venetos

    Seller's Agent in 2020

    Morgan Venetos

    My Home Group

    (602) 819-4720

    42 Total Sales

    Morgan Venetos
    Section Image

  • B

    Buyer's Agent in 2020

    Brittany Klemme

    Keller Williams Realty Sonoran Living

    (888) 821-6553

    4 Total Sales

    Brittany Klemme
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6058188

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-03-001

Arizona Maricopa County Phoenix 85006 Central City

2249 E Roosevelt St, Phoenix, AZ

This home is located at 2249 E Roosevelt St, Phoenix, AZ 85006 since 28 March 2020 and is currently estimated at $470,939, approximately $1,095 per square foot. This property was built in 1960. 2249 E Roosevelt 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

Nearby Homes