NOT LISTED FOR SALE

2518 E Madison St Phoenix, AZ 85034

Central City Neighborhood

Estimated Value: $221,000 - $287,000

-- Bed
1 Bath
841 Sq Ft
$300/Sq Ft Est. Value

Last Sold August 20, 2019

Last sale price $110,000 $131 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $1,459/month

3 Days on Market

Highlights

  • Community Kitchen
  • 4-minute walk to 24Th St/Jefferson
  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Central Air

About This Home

As of August 2019

Affordable opportunity for A-1 commercial structure on 6500 SF lot near Phoenix Sky Harbor. Easy access to freeway with highway 10 located 1 mile to the west and the 202 located 4 miles to the north. Property has a small single family home on the property that was built in 1940. Structure approximately 841 SF with one full bathroom. Per the Arizona commerce authority/opportunity zone, property is located in the opportunity zone!

Last Agent to Sell the Property

Geoffrey Adams

Realty ONE Group License #BR627564000 Listed on: 08/06/2019

Co-Listed By

Merri Krugen

AZMK Realty License #BR507716000

Last Buyer's Agent

Annette Sharp

HomeSmart License #SA636147000

HomeSmart

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $436

Year Built

  • Built in 1940

Lot Details

  • 6,500 Sq Ft Lot
  • Chain Link Fence
  • Property is zoned A-1

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • 841 Sq Ft Home
  • Concrete Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Free Parking
  • Fenced Parking

Utilities

  • Central Air

Community Details

  • Crestwood Subdivision
  • Community Kitchen

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 121-62-081

Property Details

Property Type

Other

Est. Annual Taxes

$436

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Cross Street: 24th St & Madison
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: A-1
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1940
  • Tax Year: 2018
  • Lot Size Acres: 0.15
  • Road Surface Type: Asphalt, Concrete
  • Co List Office Mls Id: reog04
  • Co List Office Phone: 480-777-4500
  • Subdivision Name: CRESTWOOD
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 841.0

Exterior Features

  • Fencing: Chain Link
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Free: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: Individual Meter, Underground, SRP
  • Cooling: Central A/C
  • Heating: Other, See Remarks
  • Green Building Features: Kitchen
  • Water Source: City Franchise

Association/Amenities

  • Amenities:Kitchen: Yes

Lot Info

  • Lot Size Sq Ft: 6500.0
  • Parcel #: 121-62-081
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 436.0
  • Tax Book Number: 121.00
  • Tax Lot: 14
  • Tax Map Number: 62.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2019
Closed on
Aug 16, 2019
Sold by
Senuta Donald and Senuta Ingeborg
Bought by
Asset Growth Limited Co Llc
Seller's Agent
Geoffrey Adams
Realty ONE Group
Buyer's Agent
Annette Sharp
HomeSmart
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%
Current Estimated Value
$259,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,028
Avg. Annual Appreciation
13.93%
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
Asset Growth Limited Co Llc $110,000 Great American Ttl Agcy Inc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2019 08/20/19 Sold $110,000 -8.3% $131 / Sq Ft
08/09/2019 08/09/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $120,000 -- $143 / 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 $1,219 $8,742 -- --
2024 $1,146 $8,326 -- --
2023 $1,146 $18,860 $3,770 $15,090
2022 $1,079 $11,770 $2,350 $9,420
2021 $1,095 $12,820 $2,560 $10,260
2020 $1,090 $12,030 $2,400 $9,630
2019 $1,086 $9,060 $1,810 $7,250
2018 $436 $5,950 $1,190 $4,760
2017 $406 $4,260 $850 $3,410
2016 $415 $3,800 $760 $3,040
2015 $386 $3,110 $620 $2,490
Source: Public Records

Agents Affiliated with this Home

  • Geoffrey Adams

    Seller's Agent in 2019

    Geoffrey Adams

    Realty One Group

    (480) 405-1705

    3 in this area

    359 Total Sales

    Geoffrey Adams
    Section Image
  • Merri Krugen

    Seller Co-Listing Agent in 2019

    Merri Krugen

    AZMK Realty

    (602) 881-0868

    42 Total Sales

    Merri Krugen
    Section Image
  • Annette Sharp

    Buyer's Agent in 2019

    Annette Sharp

    HomeSmart

    (602) 628-6011

    2 in this area

    189 Total Sales

    Annette Sharp
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5961433

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-62-081

Arizona Maricopa County Phoenix 85034 Central City

2518 E Madison St, Phoenix, AZ

Not Listed for Sale

Other

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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