NOT LISTED FOR SALE

2525 W State Ave Unit 1 Phoenix, AZ 85051

Alhambra Neighborhood
-- Bed
-- Bath
2,040 Sq Ft
0.43 Acres

Last Sold June 12, 2023

Last sale price $2,250,000 $1,103 Per Sq Ft

56 Days on Market

Highlights

  • 0.43 Acre Lot
  • Central Air
  • Heat Pump System
  • Washington High School Rated A-
  • Carpet

About This Home

As of June 2023

Six units in total multifamily, new construction. Estimated to be complete around May 1, 2023. 3 separate buildings, 2 units per building, 6 units on property. Each building has its own parcel number, so possibility of splitting property into 3 different owners. All units are 3 bedrooms, 2 baths. Buildings are approximately 2,040 sqft. Each unit has inside laundry and stainless steel appliances. Rare new construction multifamily in Phoenix, come see it today!

Last Agent to Sell the Property

Richard De Luca

FSR Realty License #BR662326000 Listed on: 05/25/2023

Last Buyer's Agent

Brent Johnson

Barrett Real Estate License #SA688394000

Barrett Real Estate

Property Details

Property Type

  • Other

Year Built

  • Built in 2023

Lot Details

  • 0.43 Acre Lot
  • Block Wall Fence
  • Property is zoned R-3

Home Design

  • 2,040 Sq Ft Home
  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 14 Parking Spaces
  • 12 Covered Spaces
  • Private Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 157-31-117

Community Details

Overview

  • 3 Buildings
  • State Avenue 6 Condominiums Subdivision

Building Details

  • Operating Expense $1
  • Gross Income $13,110
  • Net Operating Income $148,500

Property Details

Property Type

Other

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Cross Street: State Ave & 27th Ave
  • Legal Info Range: 2E
  • Property Type: Comm/Industry Sale
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 2023
  • Tax Year: 2022
  • Directions: From North Phoenix I-17 S to N Black Cyn Hwy E. Take exit 206 Northern Ave, Merge onto N Black Cyn Hwy E, turn W on State Ave.
  • Lot Size Acres: 0.43
  • Subdivision Name: STATE AVENUE 6 CONDOMINIUMS
  • Structure Type: Other (See Remarks)
  • Water Source City Franchise: Yes
  • Special Features: NewHome
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Vinyl
  • Living Area: 2040.0

Exterior Features

  • Fencing: Block
  • Disclosures: Other (See Remarks)
  • Construction Type: Block
  • Roof: Other
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Parking Features: Private
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 14.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking Features Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 18625.0
  • Parcel #: 157-31-117
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 13110.0
  • Property Net Operating Income: 148500.0
  • Annual Operating Expense: 1.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1.0
  • Tax Book Number: 157.00
  • Tax Lot: 1
  • Tax Map Number: 31.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2023 06/12/23 Sold $2,250,000 -6.3% $1,103 / Sq Ft
05/25/2023 05/25/23 Price Changed $2,400,000 0.0% $1,176 / Sq Ft
05/25/2023 05/25/23 For Sale $2,400,000 0.0% $1,176 / Sq Ft
04/19/2023 04/19/23 Pending -- -- --
04/14/2023 04/14/23 Price Changed $2,400,000 -2.0% $1,176 / Sq Ft
03/20/2023 03/20/23 Price Changed $2,450,000 +8.9% $1,201 / Sq Ft
02/22/2023 02/22/23 For Sale $2,250,000 -- $1,103 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Richard De Luca

    Seller's Agent in 2023

    Richard De Luca

    FSR Realty

    (602) 456-5050

    6 in this area

    78 Total Sales

    Section Image

  • B

    Buyer's Agent in 2023

    Brent Johnson

    Barrett Real Estate

    (602) 455-1920

    1 in this area

    4 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6523476

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85051 Alhambra

2525 W State Ave Unit 1, Phoenix, AZ

This home is located at 2525 W State Ave Unit 1, Phoenix, AZ 85051 since 25 May 2023. This property was built in 2023. 2525 W State Ave Unit 1 is a home located in Maricopa County with nearby schools including Washington Elementary School, Palo Verde Middle School, and Washington 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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