NOT LISTED FOR SALE

Estimated Value: $1,888,000 - $2,143,000

4 Beds
1 Bath
1,178 Sq Ft
$1,738/Sq Ft Est. Value

Last Sold April 25, 2024

Last sale price $2,200,000 $1,868 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $12,136/month

7 Days on Market

Highlights

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

About This Home

As of April 2024

Don't miss this exceptional opportunity, NO HOA! This Fourplex in Thomas Place offers both convenience and luxury. Inside enjoy spacious great rooms, modern kitchens with white cabinets, stainless steel appliances, granite countertops, and inviting breakfast bars. Two units offer 3 bedrooms and 2.5 bathrooms, while the other two feature 2 bedrooms plus a loft and 2.5 bathrooms, all spanning 1600 sqft and coming with a 2-car garage. Nestled in a prime location, this property provides easy access to popular restaurants, shops, and attractions, with private backyard spaces featuring synthetic grass and paver patios. This 4-unit property presents an incredible investment opportunity!

Last Agent to Sell the Property

Jason Bond

West USA Realty License #SA692147000 Listed on: 03/21/2024

Co-Listed By

Jaime Ingram

West USA Realty License #SA660803000

Last Buyer's Agent

Elizabeth Bowen

The Noble Agency License #SA683607000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,957

Year Built

  • Built in 2022

Home Design

  • Wood Frame Construction
  • Block Exterior
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 8 Parking Spaces
  • 8 Covered Spaces

Schools

  • Longview Elementary School
  • Phoenix Coding Academy Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water, landscaping
  • Tax Lot 12
  • Assessor Parcel Number 118-24-122-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are unknown
  • Thomas Place Subdivision

Building Details

  • Operating Expense $6,957
  • Net Operating Income $133,897

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,957

Year Built

Built in 2022

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 7th St & Thomas Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2022
  • Tax Year: 2023
  • Co List Office Mls Id: wusa92
  • Co List Office Phone: 602-942-4200
  • Subdivision Name: THOMAS PLACE
  • Garage Yn: Yes
  • Tax Parcel Letter: A
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Disposal, Dishwasher, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Appraisal
  • Construction Type: Wood Frame, Painted, Stucco, Block
  • Roof: Other
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Garage: 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

  • Exterior Amenities:PatioBalcony: Yes

Schools

  • Elementary School: Longview Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Coding Academy

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 118-24-122-A

Multi Family

  • Owner Pays: Water, Landscaping
  • Number Of Units Total: 4
  • Property Net Operating Income: 133897.0
  • Annual Operating Expense: 6957.0

Tax Info

  • Tax Annual Amount: 6957.0
  • Tax Book Number: 118.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
Shelman John Robert
Bought by
3800 N 6Th St Llc
Current Estimated Value
$2,047,171

Purchase Details

Listed on
Mar 21, 2024
Closed on
Apr 25, 2024
Sold by
Owens Jessica
Bought by
Shelman John Robert
Seller's Agent
Jason Bond
West USA Realty
Buyer's Agent
Elizabeth Bowen
The Noble Agency
List Price
$2,200,000
Sold Price
$2,200,000
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.66%
Original Mortgage
$1,760,000
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 18, 2022
Closed on
Nov 29, 2022
Sold by
Clarendon Partners Llc
Bought by
Owens Jessica
Seller's Agent
Royce Munroe
Munroe Multifamily
Buyer's Agent
Jason Bond
Realty ONE Group
List Price
$2,395,000
Sold Price
$2,195,000
Premium/Discount to List
-$200,000
-8.35%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.16%
Original Mortgage
$1,646,250
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2021
Sold by
Scott Brian Jay and Castelazo Jacqueline M
Bought by
Clarendon Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2020
Sold by
Scott Brian Jay and Castelazo Jacqueline M
Bought by
City Of Phoenix

Purchase Details

Listed on
May 9, 2019
Closed on
Jul 3, 2019
Sold by
Huggins John and Huggins Mary C
Bought by
Scott Brian Jay and Castelazo Jacqueline M
Seller's Agent
David Zajdzinski
eXp Realty
Buyer's Agent
Dorothy Hovard
RE/MAX Alliance Group
List Price
$225,000
Sold Price
$208,500
Premium/Discount to List
-$16,500
-7.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.48%

Purchase Details

Closed on
May 22, 1999
Sold by
Bristol Thomas W and Bristol Patricia S
Bought by
Bristol Thomas W and Bristol Patricia S
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
3800 N 6Th St Llc -- --
Shelman John Robert $2,200,000 Group Title Agency Services
Owens Jessica $2,195,000 Ez Title
Clarendon Partners Llc -- Old Republic Title Agency
City Of Phoenix -- None Available
Scott Brian Jay $208,500 Fidelity Natl Ttl Agcy Inc
Bristol Thomas W -- Fidelity Natl Ttl Agcy Inc
Bristol Thomas W -- Fidelity Natl Ttl Agcy Inc
Bristol Thomas W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shelman John Robert $1,760,000
Previous Owner Owens Jessica $1,646,250
Previous Owner Clarendon Partners Llc $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/25/2024 04/25/24 Sold $2,200,000 0.0% $1,868 / Sq Ft
03/21/2024 03/21/24 For Sale $2,200,000 +0.2% $1,868 / Sq Ft
11/29/2022 11/29/22 Sold $2,195,000 0.0% $1,863 / Sq Ft View Prior Sale
10/31/2022 10/31/22 Pending -- -- --
10/17/2022 10/17/22 Price Changed $2,195,000 -6.6% $1,863 / Sq Ft
10/04/2022 10/04/22 Price Changed $2,350,000 -1.9% $1,995 / Sq Ft
08/17/2022 08/17/22 For Sale $2,395,000 0.0% $2,033 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
08/04/2022 08/04/22 Price Changed $2,395,000 -4.2% $2,033 / Sq Ft
07/16/2022 07/16/22 For Sale $2,500,000 0.0% $2,122 / Sq Ft
07/04/2022 07/04/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $2,500,000 +1099.0% $2,122 / Sq Ft
07/12/2019 07/12/19 Sold $208,500 -7.3% $177 / Sq Ft View Prior Sale
06/22/2019 06/22/19 Pending -- -- --
06/19/2019 06/19/19 For Sale $225,000 +7.9% $191 / Sq Ft
06/03/2019 06/03/19 Off Market $208,500 -- --
06/03/2019 06/03/19 For Sale $225,000 +7.9% $191 / Sq Ft
05/21/2019 05/21/19 Off Market $208,500 -- --
05/09/2019 05/09/19 For Sale $225,000 -- $191 / 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 $14,356 $110,554 -- --
2024 $6,957 $105,290 -- --
2023 $6,957 $91,320 $21,680 $69,640
2022 $2,599 $42,030 $42,030 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6680239

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-24-122A

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