$1,100,000
SOLD JUN 12, 2025
3.43 Acres
$320,700 Price per Acre
149,411 Sq Ft Lot

Recently Sold

27% Below List Price

23 Days on Market

Highlights

  • 3.43 Acre Lot
  • No HOA
  • Level Lot
  • Phoenix Coding Academy Rated A
  • Shed

About This Lot

As of June 2025

Development opportunity! This large double lot is located in the Phoenix Opportunity Zone and is near the light rail expansion in South Phoenix. It currently includes five residential buildings and is zoned for high-density multi-family development. Conveniently situated close to the I-10 and I-17, the property is nestled between South Mountain Park and downtown Phoenix, offering easy access to outdoor activities, shopping, dining, and more.

Last Agent to Sell the Property

Daniel Brown

My Home Group Real Estate License #SA586198000 Listed on: 12/20/2024

My Home Group Real Estate

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $565

Lot Details

  • 3.43 Acre Lot
  • Chain Link Fence
  • Level Lot
  • Additional Parcels
  • Property is zoned R-4

Additional Homes

  • Residence on Property

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 113-21-032

Community Details

Overview

  • No Home Owners Association
  • Monte Vista Acres Subdivision

Recreation

  • Shed

Property Details

Property Type

Land

Est. Annual Taxes

$565

Lot Details

0

Listing Details

  • Cross Street: S 7th St & E Dr MLK Jr Blvd
  • Legal Info Range: 3E
  • Property Type: Land
  • Development Status: On Site Imp Needed
  • Topography: Level
  • Zoning: R-4
  • Tax Year: 2024
  • Lot Size Acres: 3.43
  • Road Surface Type: Asphalt
  • Subdivision Name: MONTE VISTA ACRES
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family

Exterior Features

  • Fencing: Chain Link
  • Disclosures: Seller Prop Disc Stm
  • Other Structures: Shed(s), Abandoned, Residence

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: Regular
  • Lot Size Sq Ft: 104980.0
  • Additional Parcels: Yes
  • Parcel #: 113-21-032

Tax Info

  • Tax Annual Amount: 565.0
  • Tax Book Number: 113.00
  • Tax Lot: 20
  • Tax Map Number: 21.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2024
Closed on
Jun 10, 2025
Sold by
Fong Lisa
Bought by
Power Rd Development Llc
Seller's Agent
Daniel Brown
My Home Group Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,500,000
Sold Price
$1,100,000
Premium/Discount to List
-$400,000
-26.67%
Total Days on Market
23
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-69.93%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Special Warranty Deed $1,100,000 Clear Title Agency Of Arizona
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $15,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Sold $1,100,000 -26.7% --
01/12/2025 01/12/25 Pending -- -- --
12/20/2024 12/20/24 For Sale $1,500,000 -- --
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 $565 $3,848 -- --
2024 $549 $3,665 -- --
2023 $549 $35,420 $7,080 $28,340
2022 $538 $24,020 $4,800 $19,220
2021 $549 $20,710 $4,140 $16,570
2020 $542 $17,620 $3,520 $14,100
2019 $525 $15,320 $3,060 $12,260
2018 $511 $12,610 $2,520 $10,090
2017 $487 $12,300 $2,460 $9,840
2016 $463 $7,050 $1,410 $5,640
2015 $436 $6,500 $1,300 $5,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6796357

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-21-032