NOT LISTED FOR SALE

Estimated Value: $374,000 - $486,000

Studio
-- Bath
1,645 Sq Ft
$260/Sq Ft Est. Value

Last Sold May 21, 2024

Last sale price $560,000 $340 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $2,312/month

84 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

As of May 2024

Amazing garden-style investment property. Renovated in 2024. Two 1-Bedroom / 1-Bathroom Units, . One 2-Bedroom / 1-Bathroom Unit. The 1-bedroom units are leased for $1350 and the 2-bedroom unit is leased for $1650. Each unit is fully renovated & modernized with new flooring, washer/dryer in suite, new cabinets, countertops, plumbing, and stainless steel appliances. Exterior upgrades with private patios, new turf and landscaping, and Easy Access to I-10 & I-17 Freeways. Close Proximity to Numerous Dining & Entertainment Options in Downtown Phoenix.

Last Agent to Sell the Property

Jackson Everhart

Orion Investment Real Estate License #SA689433000 Listed on: 01/17/2024

Last Buyer's Agent

Reggie Chandler

Realty ONE Group License #SA082895000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $810

Year Built

  • Built in 1949

Lot Details

  • 8,712

Home Design

  • Composition Roof

Flooring

  • Vinyl Flooring

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 17 / 9
  • Assessor Parcel Number 111-24-131

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8700
  • Oakland Subdivision

Building Details

  • Operating Expense $810
  • Gross Income $52,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$810

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1949
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: OAKLAND
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Slump Block
  • Roof: Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 8700
  • Additional Parcels: No
  • Parcel #: 111-24-131

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 52200.0
  • Annual Operating Expense: 810.0

Tax Info

  • Tax Annual Amount: 810.0
  • Tax Block: 9
  • Tax Book Number: 111.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2024
Closed on
Jun 25, 2024
Sold by
Smart-Foster James
Bought by
Smart-Foster Rentals Llc and Smart-Foster
Seller's Agent
Jackson Everhart
Orion Investment Real Estate
Buyer's Agent
Reggie Chandler
Realty ONE Group
List Price
$675,000
Sold Price
$560,000
Premium/Discount to List
-$115,000
-17.04%
Views
47
Current Estimated Value
$428,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$131,667
Avg. Annual Appreciation
-15.25%
Original Mortgage
$420,000
Outstanding Balance
$414,043
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$14,290

Purchase Details

Listed on
Jan 17, 2024
Closed on
Jun 13, 2024
Sold by
Shepherd Paul
Bought by
Pjs Rentals-17Th Ave Llc and Shepherd
Seller's Agent
Jackson Everhart
Orion Investment Real Estate
Buyer's Agent
Reggie Chandler
Realty ONE Group
List Price
$675,000
Sold Price
$560,000
Premium/Discount to List
-$115,000
-17.04%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$414,043
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$14,290

Purchase Details

Listed on
Jan 17, 2024
Closed on
May 21, 2024
Sold by
Rl Flips Llc
Bought by
Shepherd Paul J and Smart-Foster James
Seller's Agent
Jackson Everhart
Orion Investment Real Estate
Buyer's Agent
Reggie Chandler
Realty ONE Group
List Price
$675,000
Sold Price
$560,000
Premium/Discount to List
-$115,000
-17.04%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$414,043
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$14,290

Purchase Details

Listed on
May 18, 2023
Closed on
Sep 8, 2023
Sold by
Young Eva and Perez Enrique L
Bought by
Rl Flips Llc
Seller's Agent
Rebecca Fields
West USA Realty
Buyer's Agent
Michael Scherr
Gentry Real Estate
List Price
$400,000
Sold Price
$350,000
Premium/Discount to List
-$50,000
-12.5%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
95.70%
Original Mortgage
$370,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2007
Sold by
Perez Debbie
Bought by
Perez Henry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2003
Sold by
Haflett Jeffrey
Bought by
Chichique Rutilio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,200
Interest Rate
9.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2000
Sold by
Tapia Adan L
Bought by
Haflett Jeffrey

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
8.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 1998
Sold by
Tapia Berta S
Bought by
Tapia Adan L
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
Smart-Foster Rentals Llc -- None Listed On Document
Pjs Rentals-17Th Ave Llc -- None Listed On Document
Shepherd Paul J $560,000 Chicago Title Agency
Rl Flips Llc $350,000 First American Title Insurance
Perez Henry L -- Fidelity National Title
Perez Henry L $170,000 Fidelity National Title
Chichique Rutilio $120,000 Century Title Agency Inc
Haflett Jeffrey $100,000 Fidelity National Title
Tapia Adan L -- Chicago Title Insurance Co
Tapia Adan L $75,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shepherd Paul J $420,000
Previous Owner Rl Flips Llc $370,000
Previous Owner Perez Henry L $136,000
Previous Owner Chichique Rutilio $95,200
Previous Owner Haflett Jeffrey $90,000
Closed Haflett Jeffrey $5,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/21/2024 05/21/24 Sold $560,000 -12.5% $340 / Sq Ft
05/15/2024 05/15/24 Price Changed $639,999 0.0% $389 / Sq Ft
04/11/2024 04/11/24 Pending -- -- --
03/27/2024 03/27/24 Price Changed $639,999 0.0% $389 / Sq Ft
03/18/2024 03/18/24 Price Changed $640,000 -5.2% $389 / Sq Ft
01/17/2024 01/17/24 For Sale $675,000 +92.9% $410 / Sq Ft
09/08/2023 09/08/23 Sold $350,000 -12.5% $213 / Sq Ft View Prior Sale
08/23/2023 08/23/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $400,000 0.0% $243 / Sq Ft
07/19/2023 07/19/23 Pending -- -- --
07/14/2023 07/14/23 Price Changed $400,000 -11.1% $243 / Sq Ft
07/01/2023 07/01/23 Price Changed $450,000 0.0% $274 / Sq Ft
07/01/2023 07/01/23 For Sale $450,000 0.0% $274 / Sq Ft
05/18/2023 05/18/23 For Sale $450,000 -- $274 / 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 $868 $6,114 -- --
2024 $810 $5,823 -- --
2023 $810 $25,910 $5,180 $20,730
2022 $749 $18,580 $3,710 $14,870
2021 $746 $18,260 $3,650 $14,610
2020 $755 $14,870 $2,970 $11,900
2019 $754 $12,320 $2,460 $9,860
2018 $741 $10,880 $2,170 $8,710
2017 $721 $9,110 $1,820 $7,290
2016 $700 $7,580 $1,510 $6,070
2015 $645 $6,010 $1,200 $4,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6651747

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-24-131