NOT LISTED FOR SALE

3314 W Adams St Phoenix, AZ 85009

Estrella Village Neighborhood

Estimated Value: $398,000 - $436,000

-- Bed
-- Bath
1,056 Sq Ft
$392/Sq Ft Est. Value

Last Sold August 18, 2020

Last sale price $253,750 $240 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,254/month

56 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of August 2020

Great opportunity to add a 4 plex to your rental portfolio! Completely rented 4 units with long term tenants. Property grosses $2125 a month, with a large opportunity to raise rents. Make you appointment today!

Last Agent to Sell the Property

Heather Openshaw

Keller Williams Integrity First License #SA565143000 Listed on: 04/21/2020

Keller Williams Integrity First

Last Buyer's Agent

Joshua Gonzalez

Compass License #SA576867000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $726

Year Built

  • Built in 1956

Lot Details

  • 8,668

Parking

  • On-Street Parking

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Schools

  • William R Sullivan Elementary School
  • Carl Hayden High Middle School
  • Carl Hayden High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number 109-38-012

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 63x140
  • Wormsers Add Blk 4 Subdivision

Building Details

  • Operating Expense $5,586
  • Gross Income $2,019
  • Net Operating Income $19,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$726

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: W Van Buren and N 33rd Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multifamily
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2019
  • Directions: Go South on N 33rd Ave, Turn right onto W Adams. Property is on the Right.
  • Road Surface Type: Gravel, Dirt
  • Subdivision Name: WORMSERS ADD BLK 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Annual Water Sewer Expense: 2160.0

Schools

  • Elementary School: William R Sullivan Elementary School
  • High School: Carl Hayden High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Carl Hayden High School

Lot Info

  • Lot Size: 63x140
  • Additional Parcels: No
  • Parcel #: 109-38-012

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 2018.75
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 19640.0
  • Annual Operating Expense: 5586.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 726.0
  • Tax Block: 2
  • Tax Book Number: 109.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2020
Closed on
Aug 14, 2020
Sold by
Valencia Lorena
Bought by
Orozco Jose Luis Valencia
Seller's Agent
Heather Openshaw
Keller Williams Integrity First
Buyer's Agent
Joshua Gonzalez
Compass
List Price
$250,000
Sold Price
$253,750
Premium/Discount to List
$3,750
1.5%
Current Estimated Value
$413,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,138
Avg. Annual Appreciation
9.93%
Original Mortgage
$190,312
Outstanding Balance
$168,820
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$245,068

Purchase Details

Listed on
Apr 21, 2020
Closed on
Jul 9, 2020
Sold by
Hasanoff Eric
Bought by
Orozco Jose Luis Valenicia
Seller's Agent
Heather Openshaw
Keller Williams Integrity First
Buyer's Agent
Joshua Gonzalez
Compass
List Price
$250,000
Sold Price
$253,750
Premium/Discount to List
$3,750
1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,312
Outstanding Balance
$168,820
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$245,068

Purchase Details

Closed on
Jul 13, 2014
Sold by
Schnerch Calvin and Schnerch Janis
Bought by
Hasanoff Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,400
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 1999
Sold by
Deloera Laura and Harrison Edward E
Bought by
Schnerch Calvin G and Erickson Janis D

Purchase Details

Closed on
Oct 28, 1996
Sold by
Mccausland James I and Mccausland Sharon G
Bought by
Deloera Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,050
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 1, 1994
Sold by
Mccausland James I and Mccausland Sharon G
Bought by
Yadegar Heidi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
8.65%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 24, 1978
Sold by
Fetty Damon W and Fetty Ann H
Bought by
Barnes James and Barnes Elizabeth
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
Orozco Jose Luis Valencia -- Fidelity Natl Ttl Agcy Inc
Orozco Jose Luis Valenicia $253,750 Fidelity Natl Ttl Agcy Inc
Hasanoff Eric $145,000 Chicago Title Agency
Schnerch Calvin G $40,000 Capital Title Agency Inc
Deloera Laura $32,000 --
Yadegar Heidi $40,000 Fidelity Title
Barnes James -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orozco Jose Luis Valencia $190,312
Previous Owner Hasanoff Eric $114,400
Previous Owner Deloera Laura $34,050
Previous Owner Yadegar Heidi $34,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2020 08/18/20 Sold $253,750 +1.5% $240 / Sq Ft
07/20/2020 07/20/20 For Sale $250,000 0.0% $237 / Sq Ft
07/20/2020 07/20/20 Price Changed $250,000 0.0% $237 / Sq Ft
05/19/2020 05/19/20 Price Changed $250,000 -9.1% $237 / Sq Ft
04/21/2020 04/21/20 For Sale $275,000 +89.7% $260 / Sq Ft
07/19/2017 07/19/17 Sold $145,000 -19.4% $137 / Sq Ft View Prior Sale
05/15/2017 05/15/17 Price Changed $179,900 -2.8% $170 / Sq Ft
04/03/2017 04/03/17 For Sale $185,000 -- $175 / 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 $787 $6,234 -- --
2024 $748 $5,937 -- --
2023 $748 $28,560 $5,710 $22,850
2022 $717 $19,100 $3,820 $15,280
2021 $760 $17,250 $3,450 $13,800
2020 $734 $14,530 $2,900 $11,630
2019 $726 $12,380 $2,470 $9,910
2018 $711 $10,030 $2,000 $8,030
2017 $684 $9,200 $1,840 $7,360
2016 $694 $6,910 $1,380 $5,530
2015 $647 $6,020 $1,200 $4,820
Source: Public Records

Agents Affiliated with this Home

  • Heather Openshaw

    Seller's Agent in 2020

    Heather Openshaw

    Keller Williams Integrity First

    (520) 975-9187

    539 Total Sales

    Heather Openshaw
    Section Image
  • Joshua Gonzalez

    Buyer's Agent in 2020

    Joshua Gonzalez

    Compass

    (602) 639-0644

    1 in this area

    41 Total Sales

    Joshua Gonzalez
    Section Image

  • J

    Buyer's Agent in 2020

    Josh Gonzalez

    Green Street Realty LLC

  • Sophia Baron

    Seller's Agent in 2017

    Sophia Baron

    Grace CRE

    (480) 375-0227

    84 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2017

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Baylee Estrada
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6068762

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-38-012

Arizona Maricopa County Phoenix 85009 Estrella Village

3314 W Adams St, Phoenix, AZ

This home is located at 3314 W Adams St, Phoenix, AZ 85009 since 21 April 2020 and is currently estimated at $413,888, approximately $391 per square foot. This property was built in 1956. 3314 W Adams St is a home located in Maricopa County with nearby schools including William R Sullivan Elementary School, Carl Hayden High School, and Phoenix Coding Academy.

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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