NOT LISTED FOR SALE

340 E Willetta St Phoenix, AZ 85004

Downtown Phoenix Neighborhood

Estimated Value: $692,790

Studio
-- Bath
4,653 Sq Ft
$149/Sq Ft Est. Value

Last Sold January 22, 2021

Last sale price $800,000 $172 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $4,175/month

9 Days on Market

Highlights

  • 0.4 Acre Lot
  • Central Air
  • 2-minute walk to Townsend Park
  • Phoenix Coding Academy Rated A

About This Home

As of January 2021

Excellent opportunity to acquire a prime development project in the East-Evergreen Historic District in one of the hottest sub markets of Downtown Phoenix. The current zoning is the Downtown Code where multifamily is an approved use. Located less than a half a mile to the Phoenix Light-Rail and walking distance to grocery, retail, and restaurants makes this an amazing potential development.

Last Agent to Sell the Property

Chad Barber

Fenix CRE License #BR646108000 Listed on: 11/24/2020

Last Buyer's Agent

Roger Phillips

Keller Williams Realty Phoenix License #SA651186000

Keller Williams Realty Phoenix

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,427

Year Built

  • Built in 1916

Lot Details

  • 0.4 Acre Lot
  • Property is zoned DTC-EEVER

Home Design

  • 4,653 Sq Ft Home
  • Brick Exterior Construction
  • Composition Roof

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 111-37-041

Community Details

Overview

  • 2 Buildings
  • East Evergreen Addn Blks 3 6, 11&12 Subdivision

Building Details

  • Operating Expense $9,427

Property Details

Property Type

Other

Est. Annual Taxes

$9,427

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: DTC-EEVER
  • Current Use: Office
  • Number Of Buildings: 2
  • Year Built: 1916
  • Tax Year: 2020
  • Lot Size Acres: 0.4
  • Subdivision Name: EAST EVERGREEN ADDN BLKS 3-6, 11&12
  • Structure Type: Commercial, Office
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: None
  • Construction Type: Brick
  • Roof: See Remarks, Composition

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Other, See Remarks
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Lot Size Sq Ft: 17370.0
  • Additional Parcels: No
  • Parcel #: 111-37-041
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 9427.0

Tax Info

  • Tax Annual Amount: 9427.0
  • Tax Book Number: 111.00
  • Tax Lot: 7
  • Tax Map Number: 37.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2023
Sold by
Oak Stone Properties Llc
Bought by
Palm Skyline Llc
Current Estimated Value
$692,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$588,202
Interest Rate
7.12%
Mortgage Type
Seller Take Back
Estimated Equity
$104,588

Purchase Details

Closed on
Mar 20, 2023
Sold by
Wedel Joshua
Bought by
Oak Stone Properties Llc

Purchase Details

Listed on
Nov 24, 2020
Closed on
Dec 30, 2020
Sold by
Dna Investment Group
Bought by
Joshua Wedel
Seller's Agent
Chad Barber
Fenix CRE
Buyer's Agent
Roger Phillips
Keller Williams Realty Phoenix
List Price
$900,000
Sold Price
$800,000
Premium/Discount to List
-$100,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.83%

Purchase Details

Closed on
Aug 13, 2001
Sold by
Nykorchuk David J and Collings William E
Bought by
Dna Investment Group

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,923
Interest Rate
7.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2001
Sold by
Hilgart Ronald W
Bought by
Collings William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,923
Interest Rate
7.19%
Mortgage Type
Commercial
Source: Public Records
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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
Palm Skyline Llc $700,000 Old Republic Title Agency
Oak Stone Properties Llc -- --
Joshua Wedel $800,000 Chicago Title Agency Inc
Dna Investment Group -- Fidelity National Title
Collings William E -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palm Skyline Llc $600,000
Previous Owner Dna Investment Group $139,923
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2021 01/22/21 Sold $800,000 -11.1% $172 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
11/24/2020 11/24/20 For Sale $900,000 -- $193 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $5,989 $42,159 $42,159 --
2024 $9,320 $40,151 $40,151 --
2023 $9,320 $106,345 $67,250 $39,095
2022 $9,205 $83,880 $52,196 $31,684
2021 $9,320 $89,042 $53,337 $35,705
2020 $9,427 $76,349 $34,443 $41,906
2019 $9,412 $75,969 $28,743 $47,226
2018 $9,251 $65,163 $25,673 $39,490
2017 $9,036 $56,043 $26,737 $29,306
2016 $8,777 $62,472 $24,989 $37,483
2015 $8,282 $47,771 $24,778 $22,993
Source: Public Records

Agents Affiliated with this Home

  • Chad Barber

    Seller's Agent in 2021

    Chad Barber

    Fenix CRE

    (602) 332-1768

    13 Total Sales

    Chad Barber
    Section Image
  • Roger Phillips

    Buyer's Agent in 2021

    Roger Phillips

    Keller Williams Realty Phoenix

    (626) 251-0111

    1 in this area

    37 Total Sales

    Roger Phillips
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6164399

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-37-041

Arizona Maricopa County Phoenix 85004 Downtown Phoenix

340 E Willetta St, Phoenix, AZ

Not Listed for Sale

Other

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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