NOT LISTED FOR SALE

2326 W Madison St Phoenix, AZ 85009

Estrella Village Neighborhood

Estimated Value: $525,947 - $636,000

1 Bed
-- Bath
2,520 Sq Ft
$227/Sq Ft Est. Value

Last Sold July 25, 2017

Last sale price $215,000 $85 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $3,177/month

17 Days on Market

Highlights

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

About This Home

As of July 2017

Solid money maker, always full, located in a great central location near freeway access to most locations in Maricopa County. Located near many major employers like The City of Phoenix, State of Arizona, The Brewers Stadium and Grand Canyon University. The apartments are comprised of Slump Block construction, each have individual patios and are separately metered with closed in parking lot.

Last Agent to Sell the Property

James Hill

West USA Realty License #SA116827000 Listed on: 05/25/2017

West USA Realty

Last Buyer's Agent

Frances Alvarez

Barrett Real Estate License #SA532397000

Barrett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $872

Year Built

  • Built in 1985

Lot Details

  • 6,011

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Free Parking
  • Paved Parking
  • On-Street Parking

Schools

  • Carl Hayden High Middle School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 12
  • Assessor Parcel Number 109-47-036

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0
  • Washington Park Subdivision

Building Details

  • Operating Expense $8,872
  • Gross Income $25,400
  • Net Operating Income $16,528

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$872

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Jefferson & I-17
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2016
  • Directions: Take Jefferson Exit go south to Madison
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1500.0
  • Subdivision Name: Washington Park
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Free, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 800.0
  • Annual Water Sewer Expense: 2600.0

Schools

  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Carl Hayden High School

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 109-47-036

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 300.0
  • Annual Gross Income: 25400.0
  • Insurance Expense: 1400.0
  • Maintenance Expense: 1400.0
  • Property Net Operating Income: 16528.0
  • Annual Operating Expense: 8872.0

Tax Info

  • Tax Annual Amount: 872.0
  • Tax Book Number: 109.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2021
Sold by
Ilc1 Properties Llc
Bought by
Castro Irving and Castro Lorena
Current Estimated Value
$572,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,800
Outstanding Balance
$138,564
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$434,173

Purchase Details

Closed on
Jan 15, 2018
Sold by
Castro Irving and Castro Lorena
Bought by
Ilci Properties Llc

Purchase Details

Listed on
May 25, 2017
Closed on
Jul 13, 2017
Sold by
White Endeavors I Llc
Bought by
Castro Irving and Castro Lorena
Seller's Agent
James Hill
West USA Realty
Buyer's Agent
Frances Alvarez
Barrett Real Estate
List Price
$215,000
Sold Price
$215,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.81%
Original Mortgage
$156,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2013
Sold by
Aoe Properties Llc
Bought by
White Endeavors 1 Llc

Purchase Details

Closed on
Jan 3, 2012
Sold by
Mills Curt J
Bought by
Aoe Properties Llc

Purchase Details

Closed on
Jul 17, 2010
Sold by
Mills Elizabeth
Bought by
Mills Curt J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,250
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2010
Sold by
Davis Rebecca
Bought by
Mills Curt J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,250
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2009
Sold by
The Bank Of New York Mellon
Bought by
Davis Rebecca

Purchase Details

Closed on
May 27, 2009
Sold by
Nido Buena Ventura
Bought by
The Bank Of New York Mellon
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
Castro Irving -- Security Title
Ilci Properties Llc -- None Available
Castro Irving $208,000 Empire West Title Agency Llc
White Endeavors 1 Llc $118,000 Equity Title Agency Inc
Aoe Properties Llc -- None Available
Mills Curt J -- Metro Title Agency Of Az Llc
Mills Curt J $55,000 Metro Title Agency Of Az Llc
Davis Rebecca $40,000 First American Title Ins Co
The Bank Of New York Mellon $62,815 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castro Irving $153,800
Previous Owner Castro Irving $156,000
Previous Owner Mills Curt J $41,250
Previous Owner Nido Buena Ventura $215,900
Previous Owner Nido Buena Ventura $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2017 07/25/17 Sold $215,000 0.0% $85 / Sq Ft
06/11/2017 06/11/17 Pending -- -- --
05/25/2017 05/25/17 For Sale $215,000 -- $85 / 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 $977 $7,303 -- --
2024 $967 $6,955 -- --
2023 $967 $32,050 $6,410 $25,640
2022 $933 $21,630 $4,320 $17,310
2021 $926 $18,530 $3,700 $14,830
2020 $936 $15,710 $3,140 $12,570
2019 $935 $13,620 $2,720 $10,900
2018 $919 $11,000 $2,200 $8,800
2017 $898 $10,580 $2,110 $8,470
2016 $872 $8,080 $1,610 $6,470
2015 $807 $7,100 $1,420 $5,680
Source: Public Records

Agents Affiliated with this Home

  • James Hill

    Seller's Agent in 2017

    James Hill

    West USA Realty

    (602) 748-6706

    6 Total Sales

    James Hill
    Section Image
  • Frances Alvarez

    Buyer's Agent in 2017

    Frances Alvarez

    Barrett Real Estate

    (602) 538-1566

    26 Total Sales

    Frances Alvarez
    Section Image

  • F

    Buyer's Agent in 2017

    Francisca Alvarez

    DeLex Realty

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5612370

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-47-036

Arizona Maricopa County Phoenix 85009 Estrella Village

2326 W Madison St, Phoenix, AZ

This home is located at 2326 W Madison St, Phoenix, AZ 85009 since 25 May 2017 and is currently estimated at $572,737, approximately $227 per square foot. This property was built in 1985. 2326 W Madison St is a home located in Maricopa County with nearby schools including Mary Mcleod Bethune School, Carl Hayden 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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