NOT LISTED FOR SALE

2511 E Van Buren St Phoenix, AZ 85008

Central City Neighborhood

Estimated Value: $882,781

0.87 Acre
$1,014,691 Price per Acre
37,897 Sq Ft Lot

Last Sold November 26, 2018

Last sale price $120,000

Est. 636% increase in value since last sale

Current estimated payment $5,340/month

775 Days on Market

About This Lot

As of November 2018

REDUCED!!!! AGAIN!!!! C-3 Zoned nearly an acre ready to be developed located next to the Airport Inn Motel. Near the Airport and many households this is an ideal location for just about any retail or commercial establishment or buy and hold at this great price!

Last Agent to Sell the Property

Tom 'BIG T' Ross

Coldwell Banker Realty License #SA642903000 Listed on: 03/13/2018

Coldwell Banker Realty

Last Buyer's Agent

Vicenta Rodriguez

Banuelos Real Estate Group License #BR523128000

Property Details

Property Type

  • Land

Lot Details

  • 0.87 Acre Lot
  • Chain Link Fence
  • Property is zoned C-3 / C-G

Schools

  • Wilson Elementary School

Community Details

  • No Home Owners Association
  • C 3 Zoned. 0.87 Acres Subdivision

Listing and Financial Details

  • Assessor Parcel Number 121-63-077

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Cross Street: Van Buren and E. 25th St.
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: C-3 / C-G
  • Tax Year: 2015
  • Directions: Frontage on Van Buren, next to the Airport Inn Motel. Rear on Monroe St.
  • Lot Size Acres: 0.87
  • Subdivision Name: C-3 Zoned. 0.87 Acres
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Other, See Remarks, Chain Link
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Size: IRR
  • Lot Size Sq Ft: 37897.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 121-63-077
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5590.0
  • Tax Book Number: 121.00
  • Tax Lot: -
  • Tax Map Number: 63.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2021
Sold by
Lamas Eduardo Arellano and Chavez Oliva Cortez
Bought by
Kidane Mehari C and Asfaha Yihdega W
Current Estimated Value
$882,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 13, 2018
Closed on
Nov 26, 2018
Sold by
Arellano Eduardo
Bought by
Lamas Eduardo Arellano and Chavez Olivia Cortez
Seller's Agent
Tom 'BIG T' Ross
Coldwell Banker Realty
Buyer's Agent
Vicenta Rodriguez
Banuelos Real Estate Group
List Price
$229,000
Sold Price
$120,000
Premium/Discount to List
-$109,000
-47.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.70%

Purchase Details

Listed on
Mar 13, 2018
Closed on
Nov 16, 2018
Sold by
Chiu Sung Yueh Chuang
Bought by
Arellano Eduardo
Seller's Agent
Tom 'BIG T' Ross
Coldwell Banker Realty
Buyer's Agent
Vicenta Rodriguez
Banuelos Real Estate Group
List Price
$229,000
Sold Price
$120,000
Premium/Discount to List
-$109,000
-47.6%

Purchase Details

Closed on
Sep 23, 2011
Sold by
Chiu Sung Yueh Chuang
Bought by
Lin Chiu Jui Chang and Lin Chiu Jui

Purchase Details

Closed on
Aug 28, 2001
Sold by
Larson Dunbar Corp
Bought by
Yang John Yann

Purchase Details

Closed on
Nov 1, 1994
Sold by
Sun Chia Cheng
Bought by
Chiu Chien Chi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,445
Interest Rate
8.86%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Kidane Mehari C $550,000 Clear Title Agency Of Az
Lamas Eduardo Arellano -- None Available
Arellano Eduardo $120,000 Equity Title Agency Inc
Lin Chiu Jui Chang -- None Available
Yang John Yann -- --
Chiu Chien Chi $250,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kidane Mehari C $415,000
Closed Emi Holdings Iii Llc $100,000
Closed Kidane Mehari C $350,000
Previous Owner Chiu Chien Chi $153,445
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2018 11/26/18 Sold $120,000 -29.0% --
10/24/2018 10/24/18 Price Changed $169,000 -6.1% --
10/18/2018 10/18/18 Price Changed $180,000 -21.4% --
03/12/2018 03/12/18 For Sale $229,000 +90.8% --
03/05/2018 03/05/18 Off Market $120,000 -- --
09/25/2017 09/25/17 Price Changed $229,000 -20.8% --
09/11/2016 09/11/16 For Sale $289,000 -- --
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 $5,582 $42,793 $42,793 --
2024 $5,608 $40,756 $40,756 --
2023 $5,608 $55,950 $55,950 $0
2022 $5,283 $42,855 $42,855 $0
2021 $5,360 $42,855 $42,855 $0
2020 $5,337 $43,410 $43,410 $0
2019 $5,315 $33,555 $33,555 $0
2018 $5,251 $32,175 $32,175 $0
2017 $4,880 $29,790 $29,790 $0
2016 $4,997 $27,585 $27,585 $0
2015 $5,590 $31,632 $31,632 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom 'BIG T' Ross

    Seller's Agent in 2018

    Tom 'BIG T' Ross

    Coldwell Banker Realty

    (480) 239-0900

    1 in this area

    73 Total Sales

    Section Image

  • V

    Buyer's Agent in 2018

    Vicenta Rodriguez

    Banuelos Real Estate Group

    (602) 841-4100

    2 in this area

    30 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5496256

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-63-077

Arizona Maricopa County Phoenix 85008 Central City

2511 E Van Buren St, Phoenix, AZ

This home is located at 2511 E Van Buren St, Phoenix, AZ 85008 since 13 March 2018 and is currently estimated at $882,781. 2511 E Van Buren St is a home located in Maricopa County with nearby schools including Wilson Primary School, Wilson Elementary School, and Camelback High School.

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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