NOT LISTED FOR SALE

315 N 18th Ave Phoenix, AZ 85007

Governmental Mall Neighborhood

Estimated Value: $316,000 - $444,692

-- Bed
3 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold May 29, 2024

Last sale price $538,145

Est. 28% decrease in value since last sale

Current estimated payment $2,142/month

23 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A

About This Home

As of May 2024

EXCELLENT VALUE-ADD OPPORTUNITY!!!!! Nestled in the center of the city in the historical Oakland District. Close to shopping, restaurants, downtown Phoenix, freeways and public transportation. 3 Single Family Homes on 1 Lot. All 3 Units are currently rented. All utilities are metered separately for each unit. FANTASTIC INCOME GENERATING OPPORTUNITY! Please do not disturb tenants.

Last Agent to Sell the Property

Jody Allen

Valley King Properties, LLC License #SA643121000 Listed on: 03/20/2024

Co-Listed By

Mike Atencio

Valley King Properties, LLC License #BR041070000

Last Buyer's Agent

Judi Paniagua

Barrett Real Estate License #SA689561000

Barrett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,014

Year Built

  • Built in 1926

Lot Details

  • Property fronts an alley

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking

Schools

  • Capitol Elementary School
  • Central High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 111-24-033

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are IRR
  • Oakland Subdivision

Building Details

  • Operating Expense $2,169
  • Gross Income $37,800
  • Net Operating Income $35,631

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,014

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Cross Street: 19th Avenue and Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1926
  • Tax Year: 2023
  • Directions: East on Van Buren, North on 18th Ave, Property is ahead on the right.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: vkps04
  • Co List Office Phone: 480-756-2330
  • Subdivision Name: OAKLAND
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Stucco, Block
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Wall/Window Unit(s)
  • Heating: Central, Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Capitol Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Capitol Elementary School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 111-24-033

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 37800.0
  • Insurance Expense: 1155.36
  • Property Net Operating Income: 35630.64
  • Annual Operating Expense: 2169.36

Tax Info

  • Tax Annual Amount: 1014.0
  • Tax Book Number: 111.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
May 29, 2024
Sold by
Weeks Living Trust and Weeks Bret W
Bought by
Amin Kunal D
Seller's Agent
Jody Allen
Valley King Properties, LLC
Buyer's Agent
Judi Paniagua
Barrett Real Estate
List Price
$550,000
Sold Price
$538,145
Premium/Discount to List
-$11,855
-2.16%
Views
25
Current Estimated Value
$388,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$149,972
Avg. Annual Appreciation
-21.35%
Original Mortgage
$503,145
Outstanding Balance
$496,822
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
-$108,649

Purchase Details

Closed on
Jan 5, 2023
Sold by
Weeks Bret W and Weeks Phuongloan V
Bought by
Weeks Living Trust

Purchase Details

Listed on
Mar 29, 2016
Closed on
May 24, 2016
Sold by
We Heart Houses Llc
Bought by
Ash Kenneth N and Rojna Ash Teresa
Seller's Agent
Kelly Cook
Real Broker
Buyer's Agent
Carlos Enriquez
HomeSmart
List Price
$119,000
Sold Price
$115,000
Premium/Discount to List
-$4,000
-3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.90%

Purchase Details

Listed on
Mar 29, 2016
Closed on
May 23, 2016
Sold by
Ash Kenneth N and Rojna Ash Teresa
Bought by
Weeks Bret W and Weeks Phuongloan
Seller's Agent
Kelly Cook
Real Broker
Buyer's Agent
Carlos Enriquez
HomeSmart
List Price
$119,000
Sold Price
$115,000
Premium/Discount to List
-$4,000
-3.36%

Purchase Details

Closed on
Dec 4, 2006
Sold by
Ash Kenneth and Ash Teresa R
Bought by
Ash Kenneth N and Rojna Ash Teresa

Purchase Details

Closed on
Dec 21, 2005
Sold by
Affinity Raphael Fund Llc
Bought by
Ash Kenneth N and Ash Teresa Rojna

Purchase Details

Closed on
Nov 8, 2005
Sold by
Mount James A
Bought by
Affinity Raphael Fund Llc

Purchase Details

Closed on
Apr 7, 2005
Sold by
Kami Group Llc
Bought by
Mount James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,110
Interest Rate
5.92%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 18, 2005
Sold by
Mount Joan
Bought by
Mount James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,110
Interest Rate
5.92%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 16, 2002
Sold by
Esposito Robert S and Esposito Michelle
Bought by
Kami Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
8.5%

Purchase Details

Closed on
Aug 6, 2002
Sold by
The Mika Group Llc
Bought by
Esposito Robert S and Esposito Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
8.5%

Purchase Details

Closed on
Mar 10, 2001
Sold by
Nees Donald
Bought by
The Donald I Nees Revocable Living Trust

Purchase Details

Closed on
Mar 17, 2000
Sold by
Nees Donald
Bought by
Kami Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,500
Interest Rate
8.34%
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
Amin Kunal D $530,145 Grand Canyon Title
Weeks Living Trust -- --
Ash Kenneth N -- Empire West Title Agency
Weeks Bret W $115,000 Empire West Title Agency
Ash Kenneth N -- None Available
Ash Kenneth N $200,000 First American Title Ins Co
Affinity Raphael Fund Llc -- First American Title
Mount James A $174,900 Capital Title Agency Inc
Mount James A -- Capital Title Agency Inc
Kami Group Llc -- Capital Title Agency
Esposito Robert S -- Capital Title Agency
The Donald I Nees Revocable Living Trust -- --
Kami Group Llc $79,500 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amin Kunal D $503,145
Previous Owner Mount James A $151,110
Previous Owner Mount James A $151,110
Previous Owner Esposito Robert S $110,500
Previous Owner Kami Group Llc $42,500
Closed Kami Group Llc $39,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/29/2024 05/29/24 Sold $538,145 -2.2% --
04/14/2024 04/14/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $550,000 0.0% --
10/13/2021 10/13/21 Rented $950 0.0% --
08/26/2021 08/26/21 For Rent $950 0.0% --
06/03/2016 06/03/16 Sold $115,000 -3.4% -- View Prior Sale
03/29/2016 03/29/16 For Sale $119,000 -- --
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 $908 $7,658 -- --
2024 $1,014 $7,293 -- --
2023 $1,014 $32,360 $6,470 $25,890
2022 $978 $25,200 $5,040 $20,160
2021 $971 $21,570 $4,310 $17,260
2020 $982 $19,000 $3,800 $15,200
2019 $980 $13,150 $2,630 $10,520
2018 $964 $11,380 $2,270 $9,110
2017 $941 $8,630 $1,720 $6,910
2016 $914 $7,330 $1,460 $5,870
2015 $808 $7,330 $1,460 $5,870
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jody Allen

    Valley King Properties, LLC

    1 in this area

    6 Total Sales

    Jody Allen
    Section Image
  • Mike Atencio

    Seller Co-Listing Agent in 2024

    Mike Atencio

    Valley King Properties, LLC

    (480) 347-6081

    1 in this area

    29 Total Sales

    Mike Atencio
    Section Image
  • Judi Paniagua

    Buyer's Agent in 2024

    Judi Paniagua

    Barrett Real Estate

    (818) 790-3300

    1 in this area

    31 Total Sales

    Judi Paniagua
    Section Image

  • D

    Buyer's Agent in 2021

    Dulce Lopez

    My Home Group Real Estate

    (623) 344-1000

    65 Total Sales

    Dulce Lopez
    Section Image
  • Kelly Cook

    Seller's Agent in 2016

    Kelly Cook

    Real Broker

    (480) 227-2028

    753 Total Sales

    Kelly Cook
    Section Image
  • Carlos Enriquez

    Buyer's Agent in 2016

    Carlos Enriquez

    HomeSmart

    (602) 691-7705

    43 Total Sales

    Carlos Enriquez
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6680315

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-24-033

Arizona Maricopa County Phoenix 85007 Governmental Mall

315 N 18th Ave, Phoenix, AZ

This home is located at 315 N 18th Ave, Phoenix, AZ 85007 since 20 March 2024 and is currently estimated at $388,173. This property was built in 1926. 315 N 18th Ave is a home located in Maricopa County with nearby schools including Capitol Elementary School, Phoenix Coding Academy, and Central 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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