NOT LISTED FOR SALE

402 N 23rd St Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $276,000 - $452,000

Studio
3 Baths
1,100 Sq Ft
$330/Sq Ft Est. Value

Last Sold November 13, 2012

Last sale price $54,000 $49 Per Sq Ft

Est. 573% increase in value since last sale

Current estimated payment $1,943/month

112 Days on Market

Highlights

  • Evaporated cooling system
  • Carpet
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of November 2012

An Investors Dream, Cash Flow, Cash Flow, Cash Flow. This one is not a Short Sale and not Bank Owned. Sale includes 1 lot with 3 single family residences. One unit includes all appliances including an inside laundry room. The other 2 units include some kitchen appliances. 1 unit is rented. Buyer to verify all items prior to close. This is the one you have been looking for!

Last Agent to Sell the Property

Rose Dobbins

West USA Realty License #BR633141000 Listed on: 05/11/2012

West USA Realty

Last Buyer's Agent

Becky Coen

eXp Realty License #SA025083000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,246

Year Built

  • Built in 1943

Lot Details

  • 10,280

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 10,301 Parking Spaces
  • 10,295 Covered Spaces
  • Paved Parking
  • On-Street Parking

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer
  • Legal Lot and Block 38 / 2
  • Assessor Parcel Number 116-01-081

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 10.295

Building Details

  • Operating Expense $1,246
  • Net Operating Income $10,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,246

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Cross Street: 23rd Street and Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1943
  • Tax Year: 2011
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 10295.0
  • Parking Features: Paved Parking, 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 10301.0
  • General Property Description:Covered Parking Spcs: 10295.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 10301.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 10.295
  • Additional Parcels: No
  • Parcel #: 116-01-081

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer
  • Number Of Units Total: 3
  • Property Net Operating Income: 10800.0
  • Annual Operating Expense: 1246.0

Tax Info

  • Tax Annual Amount: 1246.0
  • Tax Block: 2
  • Tax Book Number: 116.00
  • Tax Lot: 38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2012
Closed on
Nov 6, 2012
Sold by
Russell Lavern and Russell Zenobia
Bought by
M C Cornwell Properties Llc
Seller's Agent
Rose Dobbins
West USA Realty
Buyer's Agent
Becky Coen
eXp Realty
List Price
$70,000
Sold Price
$54,000
Premium/Discount to List
-$16,000
-22.86%
Current Estimated Value
$363,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,464
Avg. Annual Appreciation
15.45%

Purchase Details

Closed on
Aug 1, 1996
Sold by
Oneil Carolyn L
Bought by
Russell Lavern and Russell Zenobia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
M C Cornwell Properties Llc $54,000 Chicago Title Agency Inc
Russell Lavern -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2012 11/13/12 Sold $54,000 -22.9% $49 / Sq Ft
08/31/2012 08/31/12 Pending -- -- --
05/11/2012 05/11/12 For Sale $70,000 -- $64 / 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 $674 $4,832 -- --
2024 $633 $4,602 -- --
2023 $633 $23,360 $4,670 $18,690
2022 $579 $18,980 $3,790 $15,190
2021 $589 $13,060 $2,610 $10,450
2020 $586 $10,920 $2,180 $8,740
2019 $584 $9,480 $1,890 $7,590
2018 $577 $9,310 $1,860 $7,450
2017 $535 $6,280 $1,250 $5,030
2016 $535 $5,950 $1,190 $4,760
2015 $494 $4,770 $950 $3,820
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Rose Dobbins

    West USA Realty

    (602) 908-2612

    2 Total Sales

    Rose Dobbins
    Section Image
  • Becky Coen

    Buyer's Agent in 2012

    Becky Coen

    eXp Realty

    (602) 614-2422

    68 Total Sales

    Becky Coen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4758459

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-01-081

Arizona Maricopa County Phoenix 85006 Central City

402 N 23rd St, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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