NOT LISTED FOR SALE

315 N Laurel Ave Phoenix, AZ 85007

Governmental Mall Neighborhood

Estimated Value: $1,130,531

10 Beds
1 Bath
792 Sq Ft
$1,427/Sq Ft Est. Value

Last Sold August 12, 2021

Last sale price $975,000 $1,231 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,488/month

203 Days on Market

Highlights

  • 8 Car Attached Garage
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Central Air

About This Home

As of August 2021

What an amazing opportunity in Central Phoenix! 2 year old block construction features 2 Duplexes for a total of 4 units. These duplexes are identical. Each duplex offers a 3bd/2ba w/ 1438sf & 2bd/1ba w/ 962sf. Total livable area is 4800sf. Absolute attention to every detail! Each home has stunning grey cabinets, beautiful counter tops, stainless steel appliances, high ceilings, all tile flooring, inside laundry, private driveway w/ covered parking. This ideal location is just 1 block from the Phoenix Capitol. Easy access to all of the downtown sports, cultural, and entertainment venues. Close to downtown ASU & UofA. This part of Phoenix is being revamped and is an up and coming area & an excellent investment opportunity.

Last Agent to Sell the Property

Courtney Dorr

Realty ONE Group License #SA668638000 Listed on: 10/30/2020

Last Buyer's Agent

Jeanine Armstrong

HomeSmart License #SA570651000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,885

Year Built

  • Built in 2018

Lot Details

  • 0.31

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Car Attached Garage
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Capitol Elementary School
  • Central High School

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer
  • Tax Lot 18
  • Assessor Parcel Number 111-26-016

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 0
  • Capitola Place Subdivision

Building Details

  • Operating Expense $15,199
  • Gross Income $50,520
  • Net Operating Income $42,556

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,885

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Cross Street: 15th AVE & VAN BUREN ST
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2018
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2054.4
  • Subdivision Name: CAPITOLA PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Development Plan Avl
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, Add'l Parking Avail, Attached, <1 Space Per Unit, Common
  • Attached Garage: Yes
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Attached: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes

Fee Information

  • Annual Water Sewer Expense: 800.0

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: 0
  • Additional Parcels: No
  • Parcel #: 111-26-016

Multi Family

  • Owner Pays: Water, Sewer, None
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 50520.0
  • Insurance Expense: 1800.0
  • Maintenance Expense: 1150.0
  • Property Net Operating Income: 42556.0
  • Annual Operating Expense: 15199.4

Tax Info

  • Tax Annual Amount: 5885.0
  • Tax Book Number: 111.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2020
Closed on
Jul 30, 2021
Sold by
Woods David
Bought by
Brosheaaz Llc
Seller's Agent
Courtney Dorr
Realty ONE Group
Buyer's Agent
Jeanine Armstrong
HomeSmart
List Price
$985,000
Sold Price
$975,000
Premium/Discount to List
-$10,000
-1.02%
Current Estimated Value
$1,130,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,531
Avg. Annual Appreciation
3.60%

Purchase Details

Closed on
May 29, 2020
Sold by
Ennui Ventures Llc
Bought by
Woods David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2018
Sold by
Woods David
Bought by
Ennui Ventures Llc
Source: Public Records

Range of Values:

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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
Brosheaaz Llc $975,000 Old Republic Title Agency
Woods David -- None Available
Ennui Ventures Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Woods David $386,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2021 08/12/21 Sold $975,000 -1.0% $1,231 / Sq Ft
04/16/2021 04/16/21 For Sale $985,000 +1.0% $1,244 / Sq Ft
04/15/2021 04/15/21 Off Market $975,000 -- --
04/15/2021 04/15/21 Price Changed $985,000 +4.2% $1,244 / Sq Ft
02/19/2021 02/19/21 For Sale $945,000 -3.1% $1,193 / Sq Ft
02/12/2021 02/12/21 Off Market $975,000 -- --
01/05/2021 01/05/21 Price Changed $945,000 -2.1% $1,193 / Sq Ft
10/30/2020 10/30/20 For Sale $965,000 -- $1,218 / 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 $6,138 $45,899 -- --
2024 $6,079 $43,713 -- --
2023 $6,079 $107,780 $21,550 $86,230
2022 $5,863 $78,080 $15,610 $62,470
2021 $5,818 $69,980 $13,990 $55,990
2020 $5,886 $61,210 $12,240 $48,970
2019 $5,876 $47,570 $9,510 $38,060
Source: Public Records

Agents Affiliated with this Home

  • Courtney Dorr

    Seller's Agent in 2021

    Courtney Dorr

    Realty One Group

    (602) 751-4770

    1 in this area

    60 Total Sales

    Courtney Dorr
    Section Image
  • Jeanine Armstrong

    Buyer's Agent in 2021

    Jeanine Armstrong

    HomeSmart

    (602) 690-6539

    1 in this area

    47 Total Sales

    Jeanine Armstrong
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6154019

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-26-015A

Arizona Maricopa County Phoenix 85007 Governmental Mall

315 N Laurel Ave, Phoenix, AZ

This home is located at 315 N Laurel Ave, Phoenix, AZ 85007 since 30 October 2020 and is currently priced at $1,130,531, approximately $1,427 per square foot. This property was built in 2018. 315 N Laurel 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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