NOT LISTED FOR SALE

340 E Virginia Ave Phoenix, AZ 85004

Alvarado Historic District Neighborhood

Estimated Value: $873,000 - $1,258,000

2 Beds
-- Bath
1,929 Sq Ft
$527/Sq Ft Est. Value

Sale Details

Date Sold: February 17, 2017

Last sale price $435,000 $226 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $5,679 / mo

3 Days on Market

Highlights

  • Cooling Available
  • Longview Elementary School Rated 9+
  • Heating Available

About This Home

As of February 2017

Two red brick duplexes on one lot.*** All two bedroom/ 1 bath. ***Storage rooms could have washer dryer hookups in them but no electric or plumbing currently is believed to be hooked up.**
This was more or less an estate sale but title has already passed to the heirs so no court issues!!

This offering was sold once prior to current sale. This offering is submitted solely for comparable purposes. Multiple offers were received and that it sold above the asking price shows the fast market conditions for this rare opportunity.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 02/18/2017

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Tom Zarob

Phoenix Prestige Real Estate License #BR546214000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,481

Year Built

  • Built in 1947

Lot Details

  • 10,237

Home Design

  • Brick Exterior Construction
  • Tile Roof

Parking

  • 8 Open Parking Spaces
  • 12 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, sewer, landscaping
  • Tax Lot 5
  • Assessor Parcel Number 118-45-111-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are irregular
  • Shaw Place Subdivision

Building Details

  • Operating Expense $7,099
  • Gross Income $113,760
  • Net Operating Income $19,919

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,481

Year Built

Built in 1947

Lot Details

10,237 Sq Ft Lot

Listing Details

  • Cross Street: Virginia x 3rd St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 2
  • Year Built: 1947
  • Tax Year: 2016
  • Road Surface Type: Concrete
  • Subdivision Name: SHAW PLACE
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Brick
  • Roof: See Remarks, Tile

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1860.0

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 118-45-111-A

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 113760.0
  • Insurance Expense: 1758.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 19919.0
  • Annual Operating Expense: 7099.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 1481.0
  • Tax Book Number: 118.00
  • Tax Lot: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2023
Sold by
Bought by
Current Estimated Value
$1,016,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Outstanding Balance
$633,727
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$382,298

Purchase Details

Closed on
Dec 17, 2020
Sold by
Bought by

Purchase Details

Listed on
Feb 18, 2017
Closed on
Feb 15, 2017
Sold by
Bought by
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Tom Zarob
Phoenix Prestige Real Estate
List Price
$425,000
Sold Price
$435,000
Premium/Discount to List
$10,000
2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%

Purchase Details

Closed on
Sep 28, 2009
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$975,000 Chicago Title Agency
-- None Available
$435,000 Chicago Title Agency
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $645,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/17/2017 02/17/17 Sold $435,000 +2.4% $226 / Sq Ft
01/24/2017 01/24/17 Pending -- -- --
01/21/2017 01/21/17 For Sale $425,000 -- $220 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,101 $16,178 -- --
2024 $1,840 $15,408 -- --
2023 $1,840 $79,270 $15,850 $63,420
2022 $1,831 $54,470 $10,890 $43,580
2021 $1,872 $46,030 $9,200 $36,830
2020 $1,823 $44,000 $8,800 $35,200
2019 $1,741 $36,360 $7,270 $29,090
2018 $1,681 $28,360 $5,670 $22,690
2017 $1,537 $23,230 $4,640 $18,590
2016 $1,481 $23,370 $4,670 $18,700
2015 $1,378 $17,500 $3,500 $14,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • T

    Buyer's Agent in 2017

    Tom Zarob

    Phoenix Prestige Real Estate

    (602) 708-1635

    15 Total Sales

    Tom Zarob
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5563608

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-45-111A

Arizona Maricopa County Phoenix 85004 Alvarado Historic District

340 E Virginia 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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.