NOT LISTED FOR SALE

Estimated Value: $294,000 - $345,000

Studio
3 Baths
1,393 Sq Ft
$229/Sq Ft Est. Value

Last Sold March 31, 2015

Last sale price $112,000 $80 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $1,704/month

75 Days on Market

About This Home

As of March 2015

This C-3 zoned residence will accommodate a wide variety of intense commercial uses. This property was formerly a residence that was sold then vacant for several years. Multiple differed maintenance issues exist as the property is currently uninhabitable. This property consists of two Parcel's 113-12-026 and 113-12-029. Secure property located on a major arterial roadway less than two miles from freeway and downtown Phoenix. Seller financing available.

Last Agent to Sell the Property

Patrick Martin

Conway Real Estate License #SA632301000 Listed on: 01/06/2015

Last Buyer's Agent

Hilda Joaquim

US Investment Realty, LLC License #BR007262000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $453

Year Built

  • Built in 1945

Lot Details

  • 0.27 Acre Lot
  • Chain Link Fence
  • Additional Parcels
  • Property is zoned C-3

Home Design

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

Interior Spaces

  • 1,393 Sq Ft Home
  • Concrete Flooring

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Community Details

  • Building Dimensions are 70' x 170
  • Operating Expense $453

Listing and Financial Details

  • Tax Lot Unknown
  • Assessor Parcel Number 113-12-026

Property Details

Property Type

Other

Est. Annual Taxes

$453

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: 7th Street and Broadway
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-3
  • Number Of Buildings: 1
  • Year Built: 1945
  • Tax Year: 2014
  • Lot Size Acres: 0.27
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Chain Link
  • Construction Type: Frame - Wood, Stucco, Block
  • Roof: See Remarks, Composition, Metal
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Fenced: Yes

Utilities

  • Electric: Other (See Remarks), SRP
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Lot Size: 70' x 170
  • Lot Size Sq Ft: 11887.0
  • Additional Parcels: Yes
  • Parcel #: 113-12-026
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 453.46

Tax Info

  • Tax Annual Amount: 453.46
  • Tax Book Number: 113.00
  • Tax Lot: Unknown
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2015
Closed on
Apr 16, 2015
Sold by
Reyes Cynthia
Bought by
Macho Teodoro Ortega
Seller's Agent
Patrick Martin
Conway Real Estate
Buyer's Agent
Hilda Joaquim
US Investment Realty, LLC
List Price
$160,000
Sold Price
$112,000
Premium/Discount to List
-$48,000
-30%
Current Estimated Value
$318,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,553
Avg. Annual Appreciation
10.12%
Original Mortgage
$92,000
Outstanding Balance
$70,720
Interest Rate
3.7%
Mortgage Type
Seller Take Back
Estimated Equity
$247,833

Purchase Details

Listed on
Jan 6, 2015
Closed on
Apr 2, 2015
Sold by
Hughes Rose
Bought by
Macho Teodoro Ortega
Seller's Agent
Patrick Martin
Conway Real Estate
Buyer's Agent
Hilda Joaquim
US Investment Realty, LLC
List Price
$160,000
Sold Price
$112,000
Premium/Discount to List
-$48,000
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Outstanding Balance
$70,720
Interest Rate
3.7%
Mortgage Type
Seller Take Back
Estimated Equity
$247,833

Purchase Details

Closed on
May 9, 2014
Sold by
Am Log Inc
Bought by
Hughes Rose

Purchase Details

Closed on
Apr 30, 2008
Sold by
Hughes Rose
Bought by
Am Log Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6%
Mortgage Type
Seller Take Back
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
Macho Teodoro Ortega -- None Available
Macho Teodoro Ortega $112,000 Driggs Title Agency Inc
Hughes Rose $89,412 First American Title Company
Am Log Inc $170,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macho Teodoro Ortega $92,000
Previous Owner Am Log Inc $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2015 03/31/15 Sold $112,000 -30.0% $80 / Sq Ft
03/20/2015 03/20/15 Pending -- -- --
01/04/2015 01/04/15 For Sale $160,000 -- $115 / 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 $598 $3,970 -- --
2024 $567 $3,781 -- --
2023 $567 $16,340 $2,600 $13,740
2022 $555 $12,260 $1,950 $10,310
2021 $566 $11,280 $1,790 $9,490
2020 $560 $9,480 $1,500 $7,980
2019 $541 $7,880 $1,250 $6,630
2018 $527 $6,560 $1,040 $5,520
2017 $502 $5,000 $790 $4,210
2016 $537 $4,410 $700 $3,710
2015 $390 $3,550 $560 $2,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5217456

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-12-026