NOT LISTED FOR SALE

2501 E Culver St Phoenix, AZ 85008

Central City Neighborhood

Estimated Value: $445,000 - $582,000

Studio
-- Bath
1,656 Sq Ft
$304/Sq Ft Est. Value

Last Sold October 29, 2024

Last sale price $531,750 $321 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,688/month

15 Days on Market

Highlights

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

About This Home

As of October 2024

Solid income producing property includes 3 units, each with 1 bed/1 bath. All units have updated kitchen with quartz counter top, white shaker cabinets & stainless steel appliances The bath in each unit is updated as well. Grey ceramic tile flooring throughout, dual pane windows and new AC units installed in 2022. There is a shared laundry room with 1 washer/1 dryer . Huge undeveloped back yard is a part of the property.

Last Agent to Sell the Property

Jon Petersen

Pacwest Properties, Inc License #BR691646000 Listed on: 09/12/2024

Last Buyer's Agent

Leonardo Robles

eXp Realty License #SA696922000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $658

Year Built

  • Built in 1920

Lot Details

  • 6,534

Home Design

  • Wood Frame Construction
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • On-Street Parking

Schools

  • Creighton Elementary School
  • Phoenix Union Cyber High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for water
  • Tax Lot 1
  • Assessor Parcel Number 121-78-129

Community Details

Overview

  • 3 Units
  • Building Dimensions are Unknown
  • North Elsinore Block 13 14 Subdivision

Building Details

  • Operating Expense $658
  • Gross Income $43,140
  • Net Operating Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$658

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Cross Street: 24th St & McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1920
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTH ELSINORE BLOCK 13-14
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: See Remarks
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Street Parking: 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
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Elementary School: Creighton Elementary School
  • High School: Phoenix Union Cyber High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 121-78-129

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 43140.0
  • Property Net Operating Income: 33000.0
  • Annual Operating Expense: 658.0

Tax Info

  • Tax Annual Amount: 658.0
  • Tax Book Number: 121.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Oct 15, 2024
Sold by
Meach Andrew B and Meach Dagmar
Bought by
Solla Charles and Solla Carmen
Seller's Agent
Jon Petersen
Pacwest Properties, Inc
Buyer's Agent
Leonardo Robles
eXp Realty
List Price
$547,500
Sold Price
$531,750
Premium/Discount to List
-$15,750
-2.88%
Views
102
Current Estimated Value
$502,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,829
Avg. Annual Appreciation
-4.61%
Original Mortgage
$425,400
Outstanding Balance
$420,703
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$82,218

Purchase Details

Listed on
Sep 9, 2022
Closed on
Nov 17, 2022
Sold by
Gold Khai
Bought by
Meach Andrew B and Meach Dagmar
Seller's Agent
Carson Griesemer
ABI Multifamily
Buyer's Agent
Jon Petersen
Pacwest Properties, Inc
List Price
$555,000
Sold Price
$445,000
Premium/Discount to List
-$110,000
-19.82%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.56%

Purchase Details

Listed on
May 13, 2019
Closed on
Nov 5, 2019
Sold by
Ltd Properties 2501 Llc
Bought by
Gold Khai
Seller's Agent
Tiffany Beard
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Tiffany Beard
Berkshire Hathaway HomeServices Arizona Properties
List Price
$320,000
Sold Price
$230,000
Premium/Discount to List
-$90,000
-28.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.17%
Original Mortgage
$184,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 12, 2014
Closed on
Jan 9, 2015
Sold by
Dees Travis M and Dees Laura M
Bought by
Ltd Properties 2501 Llc
Seller's Agent
Ross Ferraro
My Home Group Real Estate
Buyer's Agent
Nicole Dees
Realty ONE Group
List Price
$139,900
Sold Price
$128,000
Premium/Discount to List
-$11,900
-8.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.33%
Original Mortgage
$96,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 12, 2014
Closed on
Nov 25, 2014
Sold by
Manriquez Ivan
Bought by
Dees Travis M and Dees Laura M
Seller's Agent
Ross Ferraro
My Home Group Real Estate
Buyer's Agent
Nicole Dees
Realty ONE Group
List Price
$139,900
Sold Price
$128,000
Premium/Discount to List
-$11,900
-8.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2012
Sold by
Perez Jose
Bought by
Manriquez Ivan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2005
Sold by
Klus Bruno
Bought by
Perez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,200
Interest Rate
5.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2003
Sold by
Klus Bruno
Bought by
Klus Bruno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 1999
Sold by
Klus Bruno
Bought by
Klus Bruno and Bruno Klus Living Trust
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
Solla Charles $531,750 Navi Title Agency
Meach Andrew B $445,000 Pioneer Title Services
Gold Khai $230,000 First American Title Ins Co
Ltd Properties 2501 Llc -- None Available
Dees Travis M $128,000 Great American Title Agency
Manriquez Ivan $40,000 Great American Title Agency
Perez Jose $181,500 Capital Title Agency Inc
Klus Bruno -- Chicago Title Insurance Comp
Klus Bruno -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solla Charles $425,400
Previous Owner Gold Khai $184,000
Previous Owner Dees Travis M $96,000
Previous Owner Manriquez Ivan $32,000
Previous Owner Perez Jose $145,200
Previous Owner Klus Bruno $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2024 10/29/24 Sold $531,750 -2.9% $321 / Sq Ft
10/23/2024 10/23/24 Price Changed $547,500 0.0% $331 / Sq Ft
10/23/2024 10/23/24 For Sale $547,500 0.0% $331 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $547,500 +23.0% $331 / Sq Ft
11/17/2022 11/17/22 Sold $445,000 +1.4% $269 / Sq Ft View Prior Sale
11/02/2022 11/02/22 Price Changed $439,000 -12.0% $265 / Sq Ft
10/17/2022 10/17/22 Price Changed $499,000 -10.1% $301 / Sq Ft
09/08/2022 09/08/22 For Sale $555,000 +141.3% $335 / Sq Ft
12/10/2019 12/10/19 Sold $230,000 -14.8% $139 / Sq Ft View Prior Sale
12/02/2019 12/02/19 Price Changed $270,000 0.0% $163 / Sq Ft
11/05/2019 11/05/19 Price Changed $270,000 -3.6% $163 / Sq Ft
11/04/2019 11/04/19 Pending -- -- --
08/16/2019 08/16/19 Price Changed $280,000 -6.7% $169 / Sq Ft
08/05/2019 08/05/19 Price Changed $300,000 -3.2% $181 / Sq Ft
07/05/2019 07/05/19 Price Changed $310,000 -3.1% $187 / Sq Ft
05/13/2019 05/13/19 For Sale $320,000 +150.0% $193 / Sq Ft
11/25/2014 11/25/14 Sold $128,000 -8.5% $77 / Sq Ft View Prior Sale
10/27/2014 10/27/14 Pending -- -- --
02/12/2014 02/12/14 For Sale $139,900 -- $84 / 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 $691 $5,118 -- --
2024 $658 $4,875 -- --
2023 $658 $24,820 $4,960 $19,860
2022 $632 $18,530 $3,700 $14,830
2021 $647 $15,410 $3,080 $12,330
2020 $632 $12,550 $2,510 $10,040
2019 $627 $10,220 $2,040 $8,180
2018 $614 $8,120 $1,620 $6,500
2017 $590 $8,300 $1,660 $6,640
2016 $568 $6,450 $1,290 $5,160
2015 $528 $5,130 $1,020 $4,110
Source: Public Records

Agents Affiliated with this Home

  • Jon Petersen

    Seller's Agent in 2024

    Jon Petersen

    Pacwest Properties, Inc

    (602) 206-0383

    2 in this area

    45 Total Sales

    Jon Petersen
    Section Image

  • L

    Buyer's Agent in 2024

    Leonardo Robles

    eXp Realty

    (623) 777-4415

    1 in this area

    50 Total Sales

    Leonardo Robles
    Section Image
  • Carson Griesemer

    Seller's Agent in 2022

    Carson Griesemer

    ABI Multifamily

    (602) 714-1400

    5 in this area

    23 Total Sales

    Carson Griesemer
    Section Image
  • Tiffany Beard

    Seller's Agent in 2019

    Tiffany Beard

    Berkshire Hathaway HomeServices Arizona Properties

    (623) 202-6158

    29 Total Sales

    Tiffany Beard
    Section Image
  • Ross Ferraro

    Seller's Agent in 2014

    Ross Ferraro

    My Home Group

    (623) 210-9382

    10 Total Sales

    Ross Ferraro
    Section Image

  • S

    Seller Co-Listing Agent in 2014

    Sheena Abrams

    My Home Group Real Estate

    (602) 214-8185

    5 Total Sales

    Sheena Abrams
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6756320

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-78-129

Arizona Maricopa County Phoenix 85008 Central City

2501 E Culver 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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