$585,000
SOLD SEP 30, 2024

2301 E Harvard St Unit 4 Phoenix, AZ 85006

-- Bed
-- Bath
-- Sq Ft
1960 Built

Recently Sold

6% Below List Price

46 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of September 2024

Unlock the potential of this remarkable affordable rental property, A rare investment opportunity nestled in a thriving community. With its strategic location and promising rental income, this property presents a compelling proposition for savvy investors seeking long term growth. Offering affordable housing solutions to those in need, it stands as a beacon of opportunity and social impact. Featuring a solid structure and stable tenant base., this property ensures a steady stream of revenue with minimal management hassle. Invest in the future while making a meaningful difference in the lives of others with this exceptional income-generating asset. Current rents are way below market. the 2 bedroom should be $1200+ and the 1 bedrooms should all be $925

Last Agent to Sell the Property

Gregory Ehmann

Realty ONE Group License #BR114689000 Listed on: 04/01/2024

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,365

Year Built

  • Built in 1960

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Creighton Elementary School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water
  • Tax Lot 14
  • Assessor Parcel Number 117-08-024

Community Details

Overview

  • 4 Units
  • Building Dimensions are unknown
  • Avalon Subdivision

Building Details

  • Operating Expense $1,365

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,365

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Thomas & 24th ST
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2023
  • Directions: North on 24th St to Harvard west to property
  • Road Surface Type: Sidewalk(s)
  • Subdivision Name: Avalon
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Creighton Elementary School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 117-08-024

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 1365.0

Tax Info

  • Tax Annual Amount: 1365.0
  • Tax Book Number: 117.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2025
Sold by
Howie Scott D
Bought by
Macfive Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Outstanding Balance
$39,898
Interest Rate
6.83%
Mortgage Type
Seller Take Back
Estimated Equity
$577,703

Purchase Details

Listed on
Apr 1, 2024
Closed on
Oct 3, 2024
Sold by
Howie Family Living Trust and Howie Scott D
Bought by
Macfive Investments Llc
Seller's Agent
Gregory Ehmann
Realty ONE Group
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$625,000
Sold Price
$585,000
Premium/Discount to List
-$40,000
-6.4%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.20%
Original Mortgage
$647,500
Outstanding Balance
$220,485
Interest Rate
6.46%
Mortgage Type
Construction
Estimated Equity
$397,116

Purchase Details

Closed on
Jan 18, 2013
Sold by
Howie Scott and Howie Scott D
Bought by
Howie Scott D and Howie Cheryl A

Purchase Details

Closed on
May 5, 2009
Sold by
Howie Cheryl
Bought by
Howie Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2003
Sold by
Simon Jay R and Simon Carole J
Bought by
Henry Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,200
Interest Rate
5.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 20, 1998
Sold by
Shamrock Properties Inc
Bought by
Simon Jay R and Simon Carole J

Purchase Details

Closed on
Apr 30, 1998
Sold by
Mckewen Janet E
Bought by
Shamrock Properties Inc

Purchase Details

Closed on
Sep 10, 1997
Sold by
Macarthur Paul D and Macarthur Iva Christine
Bought by
Mckewen Janet Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
7.44%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Contract Of Sale -- None Listed On Document
Warranty Deed $585,000 Driggs Title Agency
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American Title Ins Co
Warranty Deed $100,000 First American Title Ins Co
Warranty Deed $138,000 Tsa Title Agency
Warranty Deed $79,250 Stewart Title & Trust
Warranty Deed -- --
Warranty Deed $70,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $40,000 Seller Take Back
Open $647,500 Construction
Previous Owner $161,000 New Conventional
Previous Owner $8,150,880 Construction
Previous Owner $70,000 New Conventional
Previous Owner $303,750 Unknown
Previous Owner $166,400 Fannie Mae Freddie Mac
Previous Owner $124,200 Seller Take Back
Previous Owner $63,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 Price Changed $685,000 -3.5% --
06/07/2025 06/07/25 Price Changed $710,000 +1.6% --
06/06/2025 06/06/25 For Sale $699,000 0.0% --
06/05/2025 06/05/25 Off Market $699,000 -- --
05/31/2025 05/31/25 For Sale $699,000 +19.5% --
09/30/2024 09/30/24 Sold $585,000 -6.4% --
08/01/2024 08/01/24 Price Changed $625,000 0.0% --
07/07/2024 07/07/24 Price Changed $625,000 0.0% --
07/07/2024 07/07/24 For Sale $625,000 0.0% --
06/28/2024 06/28/24 Price Changed $625,000 0.0% --
05/18/2024 05/18/24 Pending -- -- --
05/15/2024 05/15/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $625,000 -- --
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 $1,381 $10,621 -- --
2024 $1,365 $10,115 -- --
2023 $1,365 $38,410 $7,680 $30,730
2022 $1,256 $28,870 $5,770 $23,100
2021 $1,292 $24,610 $4,920 $19,690
2020 $1,260 $20,430 $4,080 $16,350
2019 $1,252 $16,850 $3,370 $13,480
2018 $1,225 $15,300 $3,060 $12,240
2017 $1,177 $13,710 $2,740 $10,970
2016 $1,131 $11,860 $2,370 $9,490
2015 $1,053 $10,170 $2,030 $8,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6682593

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-08-024