NOT LISTED FOR SALE

2526 E Adams St Phoenix, AZ 85034

Central City Neighborhood

Estimated Value: $302,600 - $562,000

-- Bed
-- Bath
2,175 Sq Ft
$205/Sq Ft Est. Value

Last Sold February 27, 2015

Last sale price $140,000 $64 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $2,422/month

178 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of February 2015

Fantastic investment opportunity This 4 unit property is complete Remodeled, New Roof, New Electricity, Tile trought out, Block construction, all 4 units are occupied, Play ground half block away, Metro Station one block away.

Last Agent to Sell the Property

Julio Hidalgo

Perfect Choice Real Estate License #SA650051000 Listed on: 08/20/2014

Last Buyer's Agent

Nidia Almonte Mendoza

At Home Real Estate Arizona License #BR558683000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $667

Year Built

  • Built in 1958

Lot Details

  • 6,970

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Wilson Elementary School - Phoenix
  • Camelback High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for water
  • Tax Lot MB
  • Assessor Parcel Number 121-63-104

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6970 SF

Building Details

  • Operating Expense $667
  • Gross Income $19,200
  • Net Operating Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$667

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 24TH STREET & WASHINGTON
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Year Built: 1958
  • Tax Year: 2013
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: MB
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:None38: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Electric
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: None

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:See Remarks15: Yes

Schools

  • Elementary School: Wilson Elementary School - Phoenix
  • High School: Camelback High School
  • Middle Or Junior School: Wilson Elementary School - Phoenix

Lot Info

  • Lot Size: 6970 SF
  • Additional Parcels: No
  • Parcel #: 121-63-104

Multi Family

  • Owner Pays: Water
  • Number Of Units Total: 4
  • Annual Gross Income: 19200.0
  • Property Net Operating Income: 16800.0
  • Annual Operating Expense: 666.82

Tax Info

  • Tax Annual Amount: 666.82
  • Tax Book Number: 121.00
  • Tax Lot: MB

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2015
Sold by
Rivera Martin O
Bought by
Apartments Rivera Llc
Current Estimated Value
$446,400

Purchase Details

Listed on
Aug 20, 2014
Closed on
Feb 26, 2015
Sold by
Hidalgo Julio and Hidalgo Julio A
Bought by
Rivera Martin O
Seller's Agent
Julio Hidalgo
Perfect Choice Real Estate
Buyer's Agent
Nidia Almonte Mendoza
At Home Real Estate Arizona
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.28%

Purchase Details

Closed on
Nov 30, 2007
Sold by
Hidalgo Maria Pedroza
Bought by
Hidalgo Julio A

Purchase Details

Closed on
Jul 30, 2007
Sold by
Hidalgo Maria E
Bought by
Hidalgo Julio and Hidalgo Julio A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
10%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2006
Sold by
Hidalgo Carlos
Bought by
Hidalgo Julio A and Hidalgo Maria E

Purchase Details

Closed on
Jun 4, 2003
Sold by
Hidalgo Dana L
Bought by
Hidalgo Carlos

Purchase Details

Closed on
Jun 17, 2001
Sold by
Galvez Jesus Cordova
Bought by
Decordova Thelma Hidalgo Navarro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 1996
Sold by
Hud
Bought by
Reveles Gilberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,521
Interest Rate
8.23%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 7, 1994
Sold by
Midland Mtg Co and Augustyniak Andy
Bought by
Midland Mtg Co
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Apartments Rivera Llc -- None Available
Rivera Martin O $140,000 Driggs Title Agency Inc
Hidalgo Julio A -- Thomas Title & Escrow
Hidalgo Julio -- Arizona Title Agency Inc
Hidalgo Julio A -- None Available
Hidalgo Carlos -- Arizona Title Agency Inc
Hidalgo Carlos $135,000 Arizona Title Agency Inc
Decordova Thelma Hidalgo Navarro -- Arizona Title Agency Inc
Decordova Thelma Hidalgo Navarro -- --
Reveles Gilberto -- First Southwestern Title
Midland Mtg Co -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hidalgo Julio $187,500
Previous Owner Decordova Thelma Hidalgo Navarro $108,000
Previous Owner Reveles Gilberto $55,521
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2015 02/27/15 Sold $140,000 -6.7% $64 / Sq Ft
02/13/2015 02/13/15 Pending -- -- --
08/19/2014 08/19/14 For Sale $150,000 -- $69 / 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 $1,084 $7,774 -- --
2024 $1,019 $7,403 -- --
2023 $1,019 $35,480 $7,090 $28,390
2022 $960 $25,830 $5,160 $20,670
2021 $974 $20,450 $4,090 $16,360
2020 $970 $17,410 $3,480 $13,930
2019 $966 $14,150 $2,830 $11,320
2018 $954 $12,580 $2,510 $10,070
2017 $886 $12,000 $2,400 $9,600
2016 $908 $9,780 $1,950 $7,830
2015 $843 $7,070 $1,410 $5,660
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Julio Hidalgo

    Perfect Choice Real Estate

  • Nidia Almonte Mendoza

    Buyer's Agent in 2015

    Nidia Almonte Mendoza

    At Home Real Estate Arizona

    (602) 989-4898

    6 in this area

    243 Total Sales

    Nidia Almonte Mendoza
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5159994

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-63-104

Arizona Maricopa County Phoenix 85034 Central City

2526 E Adams 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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