NOT LISTED FOR SALE

312 N 14th Ave Phoenix, AZ 85007

Governmental Mall Neighborhood

Estimated Value: $728,333 - $818,000

-- Bed
12 Baths
333 Sq Ft
$2,289/Sq Ft Est. Value

Last Sold November 16, 2012

Last sale price $295,800 $888 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $4,102/month

287 Days on Market

Highlights

  • Cooling Available
  • Painted or Stained Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of November 2012

SELLER FINANCING AVAILABLECompletely Remodeled 12-units in Downtown PhoenixThe 12 studio units are located in the heart of the Capitol Mall area and a few minutes away from Downtown Phoenix and ASU downtown. The single level, gated, block buildings are all electric (individually metered) with wall-mounted HVAC units. Unit interiors have been nicely remodeled. Studio units in this area of town are easily rented - providing the complex with significant cash flow.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 01/12/2012

Coldwell Banker Commercial Realty

Co-Listed By

Jon Dzwonkoski

Red Brick Realty, LLC License #BR643387000

Last Buyer's Agent

Jennie Miller PLLC

Market Edge Realty, LLC License #BR638404000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,350

Year Built

  • Built in 1946

Lot Details

  • 6,273

Home Design

  • Built-Up Roof
  • Block Exterior

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Flooring

  • Painted or Stained Flooring
  • Vinyl

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • $1,045 per year Dock Fee
  • 12 Units
  • Building Dimensions are 6250

Building Details

  • Insurance Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,350

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Appliances Included: F/S Oven/Range
  • Construction Finish: Painted
  • Cross Street: 7th Avenue & Van Buren
  • Floors: Vinyl
  • Legal Info Lot Number: 20
  • Legal Info Range: 3E
  • Legal Info Section: 6
  • Legal Info Township: 1N
  • Payment Includes: Interest, Principal
  • Roads Streets: Asphalt
  • Property Type: F
  • Legal Description Abbrev: UNIVERSITY ADDITION
  • Marketing Name: Capitol Court Apartments
  • Ownership: Fee Simple
  • Map Code Grid: Q34
  • Year Built: 1946
  • Tax Year: 2011
  • Directions: From 7th Avenue, go west on Van Buren Street, then south on 16th Avenue one block. Property is on the NE corner of 16th Avenue and Monroe Street.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Roofing: Built-Up
  • Construction: Block

Garage/Parking

  • Parking: <1 Space Per Unit

Utilities

  • Water: City Franchise
  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: No Pool

Lot Info

  • Lot Size: 6250

Multi Family

  • Efficiency Units Baths: 1
  • Efficiency Units Rent: 400.00
  • Efficiency Units Sq Ft: 333
  • Income And Expenses Adjusted Gross Inc: 49980.00
  • Income And Expenses Annual Elec Exp: 500.00
  • Income And Expenses Annual Ins Exp: 1500.00
  • Income And Expenses Annual Maint Exp: 4800.00
  • Income And Expenses Annual Mgmt Exp: 3000.00
  • Income And Expenses Annual Other Expense: 2500.00
  • Income And Expenses Annual Trash Exp: 2100.00
  • Income And Expenses Annual Water Sewer Exp: 4000.00
  • Income And Expenses Gross Annual Sch Inc: 57600.00
  • Income And Expenses Net Operating Income: 30715.00
  • Income And Expenses Operating Exp: 19445.00
  • Income And Expenses Other Income: 1200.00
  • Income And Expenses Vacancy Allowance: 0.15
  • Number Of Efficiency Units: 12
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric
  • Total Numberof Buildings: 2
  • Total Numberof Units: 12.00

Tax Info

  • Taxes: 1045.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2015
Sold by
Aftw Llc
Bought by
Dakota Apartments Llc
Current Estimated Value
$762,111

Purchase Details

Listed on
Jan 12, 2012
Closed on
Nov 7, 2012
Sold by
Amro Llc
Bought by
Aftw Llc
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
List Price
$350,000
Sold Price
$295,800
Premium/Discount to List
-$54,200
-15.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Original Mortgage
$189,800
Interest Rate
3.34%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 14, 2005
Sold by
Amro Llc
Bought by
Ran Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,230
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2002
Sold by
Ball E Nadine
Bought by
Ran Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.04%
Mortgage Type
Commercial
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
Dakota Apartments Llc $320,000 American Title Svc Agency Ll
Aftw Llc $295,800 Great American Title Agency
Ran Llc -- Arizona Title Agency Inc
Ran Llc $110,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aftw Llc $189,800
Previous Owner Ran Llc $258,230
Previous Owner Ran Llc $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2012 11/16/12 Sold $295,800 -15.5% $888 / Sq Ft
10/25/2012 10/25/12 Pending -- -- --
01/12/2012 01/12/12 For Sale $350,000 -- $1,051 / 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 $1,350 $9,501 -- --
2024 $1,258 $9,049 -- --
2023 $1,258 $63,650 $12,730 $50,920
2022 $1,214 $44,460 $8,890 $35,570
2021 $1,204 $35,830 $7,160 $28,670
2020 $1,218 $33,000 $6,600 $26,400
2019 $1,216 $25,630 $5,120 $20,510
2018 $1,196 $19,650 $3,930 $15,720
2017 $1,168 $18,770 $3,750 $15,020
2016 $1,134 $16,910 $3,380 $13,530
2015 $1,050 $11,270 $2,250 $9,020
Source: Public Records

Agents Affiliated with this Home

  • Terry Kass

    Seller's Agent in 2012

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    23 Total Sales

    Terry Kass
    Section Image

  • J

    Seller Co-Listing Agent in 2012

    Jon Dzwonkoski

    Red Brick Realty, LLC

  • Jennie Miller PLLC

    Buyer's Agent in 2012

    Jennie Miller PLLC

    Market Edge Realty, LLC

    (480) 382-9681

    47 Total Sales

    Jennie Miller PLLC
    Section Image

  • J

    Buyer's Agent in 2012

    Jennie Miller

    Market Edge Realty, LLC

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4705773

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-28-036B

Arizona Maricopa County Phoenix 85007 Governmental Mall

312 N 14th Ave, Phoenix, AZ

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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