NOT LISTED FOR SALE

Estimated Value: $446,000 - $774,000

Studio
-- Bath
1,431 Sq Ft
$434/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $698,000 $488 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $3,304/month

24 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of July 2021

Sold! $698,000 to a 1031/cash buyer on 7/15/2021. 4 unit in the sought after Oakland Historic District near State of AZ government buildings in heart of Downtown Phoenix. Cosmetically upgraded & stabilized. 6 CAP +/- with close to $5,000/month of rental/additional income! 100% occupied, excellent tenants. Well-managed/operated by local owner. Perfect handoff to new owner. Two duplex buildings on a 8700 SF lot. Front building is 1227 SF (two 1/1's @ 614 SF), built in 1958. Rear building is 1431 SF (one 1/1 @ 614 SF w/ 2/1 @ 817 SF), built in 1962. Upgraded in all of the right places. Tenant paid electric. Owner paid w/s/t. Rents, w/s, yard #'s actual. Other expenses approximate.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 05/26/2021

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Ginger Orsi

Better Homes & Gardens Real Estate SJ Fowler License #SA671797000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,137

Year Built

  • Built in 1962

Lot Details

  • 8,712

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 13 / 8
  • Assessor Parcel Number 111-24-107

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 8700 SF
  • Oakland Subdivision

Building Details

  • Operating Expense $1,137

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,137

Year Built

Built in 1962

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Cross Street: Van Buren and 17th Dr
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: OAKLAND
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Add'l Parking Avail, <1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Other (See Remarks)24: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling Y N: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 8700 SF
  • Additional Parcels: No
  • Parcel #: 111-24-107

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 1137.0

Tax Info

  • Tax Annual Amount: 1137.0
  • Tax Block: 8
  • Tax Book Number: 111.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2021
Closed on
Jul 6, 2021
Sold by
Tirone Lily
Bought by
Orsi Robert G and Robert G Orsi Family Trust
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Ginger Orsi
Better Homes & Gardens Real Estate SJ Fowler
List Price
$775,000
Sold Price
$698,000
Premium/Discount to List
-$77,000
-9.94%
Current Estimated Value
$621,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$76,571
Avg. Annual Appreciation
-2.47%

Purchase Details

Closed on
Feb 23, 2021
Sold by
Tirone Philip X and Tirone Lily
Bought by
Tirone Lily

Purchase Details

Listed on
Oct 23, 2019
Closed on
Dec 30, 2019
Sold by
Marin Norman V
Bought by
John Paul Ii Holding Company Llc
Seller's Agent
Mark Skelpsa
HomeSmart Realty
Buyer's Agent
Philip Tirone
Tirone & Associates
List Price
$372,000
Sold Price
$320,000
Premium/Discount to List
-$52,000
-13.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.38%

Purchase Details

Listed on
Nov 6, 2015
Closed on
Dec 18, 2015
Sold by
Driscoll Tim
Bought by
Marin Norman
Seller's Agent
Michael Rebuck
Show Appeal Realty
Buyer's Agent
Jill Scott
ProSmart Realty
List Price
$140,000
Sold Price
$137,000
Premium/Discount to List
-$3,000
-2.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.37%
Original Mortgage
$102,750
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 6, 2012
Closed on
Aug 7, 2012
Sold by
Driscoll Melissa
Bought by
Driscoll Tim
Seller's Agent
Gary De Campo
America's All In One Real Estate Services, Inc.
Buyer's Agent
Michael Rebuck
Show Appeal Realty
List Price
$99,900
Sold Price
$66,000
Premium/Discount to List
-$33,900
-33.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.69%

Purchase Details

Closed on
Jun 8, 2012
Sold by
Pacific Usa Properties Llc
Bought by
Capital Two Llc

Purchase Details

Closed on
Oct 12, 2011
Sold by
Pacific Usa Realty Llc
Bought by
Pacific Usa Properties Llc

Purchase Details

Closed on
Oct 25, 2010
Sold by
The Bank Of New York Mellon
Bought by
Pacific Usa Realty Llc

Purchase Details

Closed on
Mar 30, 2010
Sold by
Lopez Darlene M
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Oct 31, 2006
Sold by
Lopez Darlene M
Bought by
Lopez Robert

Purchase Details

Closed on
May 20, 2004
Sold by
Lopez Roberto
Bought by
Lopez Darlene M

Purchase Details

Closed on
Feb 18, 1998
Sold by
Haley Tim P and Haley Laurie A
Bought by
Lopez Robert and Lopez Darlene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.06%
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
Orsi Robert G $698,000 Magnus Title Agency
Tirone Lily -- Magnus Title
Tirone Lily -- Accommodation
John Paul Ii Holding Company Llc $320,000 Pioneer Title Agency Inc
Marin Norman $137,000 Security Title Agency Inc
Driscoll Tim -- Security Title Agency
Driscoll Tim $65,000 Security Title Agency
Capital Two Llc $57,500 Security Title Agency
Pacific Usa Properties Llc -- None Available
Pacific Usa Realty Llc $49,000 First American Title Ins Co
The Bank Of New York Mellon $49,500 First American Title
Lopez Robert -- None Available
Lopez Darlene M -- None Available
Lopez Robert $59,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marin Norman $102,750
Previous Owner Lopez Robert $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2021 07/15/21 Sold $698,000 -9.9% $488 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $775,000 +142.2% $542 / Sq Ft
01/07/2020 01/07/20 Sold $320,000 -11.6% $224 / Sq Ft View Prior Sale
11/18/2019 11/18/19 Price Changed $362,000 -2.7% $253 / Sq Ft
10/23/2019 10/23/19 For Sale $372,000 +171.5% $260 / Sq Ft
12/23/2015 12/23/15 Sold $137,000 -2.1% $96 / Sq Ft View Prior Sale
11/09/2015 11/09/15 Pending -- -- --
11/06/2015 11/06/15 For Sale $140,000 +112.1% $98 / Sq Ft
08/31/2012 08/31/12 Sold $66,000 -33.9% -- View Prior Sale
08/03/2012 08/03/12 Pending -- -- --
06/06/2012 06/06/12 For Sale $99,900 -- --
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 $1,259 $8,864 -- --
2024 $1,174 $8,442 -- --
2023 $1,174 $36,380 $7,270 $29,110
2022 $1,132 $25,650 $5,130 $20,520
2021 $1,124 $24,680 $4,930 $19,750
2020 $1,137 $20,280 $4,050 $16,230
2019 $1,135 $17,330 $3,460 $13,870
2018 $1,115 $12,960 $2,590 $10,370
2017 $1,089 $12,730 $2,540 $10,190
2016 $1,058 $10,570 $2,110 $8,460
2015 $979 $8,560 $1,710 $6,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6241290

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-24-107

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