Seller's Agent in 2017
John Klocek
ABI Multifamily
(602) 639-0088
1 in this area
24 Total Sales
4325 N 7th St Phoenix, AZ 85014
Central City NeighborhoodEstimated Value: $1,006,003
--
Bed
--
Bath
1,069
Sq Ft
$941/Sq Ft
Est. Value
About This Home
As of November 2017Seller May Carry. This investment property is located in the heart of Central Phoenix right along the
extremely popular major arterial of 7th Street. The 7th Street Corridor (both in
Midtown and Uptown) has become one of the most popular areas for
redevelopment and adaptive reuse projects. This property offers a creative investor
just that. With its mid-century architecture and vintage signage, this building
provides the opportunity to do a variety of concepts in one of the hottest
submarkets in the state. The building itself has great visibility along 7th Street with
33,216 cars per day at this location. The demographics of the dense surrounding
area are very attractive for any future potential user. With tons of residential and
commercial uses in the area as well as with its loc on a major thoroughfare used
for commuters both to and from school and work each day, this property is very
attractive for many types of uses and investors.
The building itself is currently 1,068 square feet on 8,400 square feet of C-3 zoned
land. C-3 zoning allows for almost any type of commercial use and gives a user or
investor great flexibility when it comes to potential uses. The building was built in
1957 and the mid-century architecture that it displays is becoming more and more
popular today. It is a perfect building for a cool, hip, adaptive reuse project. It is
located in the heart of Central Phoenix with many top quality residential,
commercial, and retail developments in the area. There are very few "bite-sized"
investment opportunities in this submarket and this property offers a small investor a
unique opportunity to buy something in the center of town with attractive
architecture, great visibility, and zoning flexibility to allow for a myriad of different
potential uses. The seller is also willing to carry at very favorable terms, which makes
this an even more attractive purchase for someone looking for a small investment in
the extremely hot Phoenix real estate market along the highly popular 7th Street
corridor.
Last Agent to Sell the Property
ABI Multifamily License #SA657592000 Listed on: 11/07/2017
Property Details
Property Type
- Other
Est. Annual Taxes
- $4,493
Year Built
- Built in 1957
Lot Details
- 8,400 Sq Ft Lot
- Chain Link Fence
- Property is zoned C3
Home Design
- Block Exterior
Interior Spaces
- 1,069 Sq Ft Home
- Concrete Flooring
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
Community Details
- Carolyn Place Lot 10 45 Subdivision
- Operating Expense $4,493
Listing and Financial Details
- Tax Lot 31
- Assessor Parcel Number 155-19-023
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2017
Closed on
Nov 15, 2017
Sold by
2201 N 7Th Llc
Bought by
212 Re Space Llc
Seller's Agent
John Klocek
ABI Multifamily
Buyer's Agent
John Klocek
ABI Multifamily
List Price
$595,000
Sold Price
$520,000
Premium/Discount to List
-$75,000
-12.61%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,003
Avg. Annual Appreciation
8.72%
Original Mortgage
$200,000
Outstanding Balance
$167,590
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$838,413
Purchase Details
Closed on
Jun 27, 2017
Sold by
Swayne Sabrina and Newcomer Roger
Bought by
2201 N 7Th Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.02%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jun 26, 2017
Sold by
Newcomer Jennifer
Bought by
Newcomer Roger
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.02%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 22, 2005
Sold by
Shisler William B and Estate Of Roger E Newcomer
Bought by
Swayne Sabrina Newcomer and Newcomer Roger Nick
Purchase Details
Closed on
Nov 13, 1998
Sold by
Stultz Joe N and Stultz Nelda I
Bought by
Newcomer Roger E
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 212 Re Space Llc | $520,000 | Clear Title Agency Of Arizon | |
| 2201 N 7Th Llc | $344,000 | Clear Title Agency Of Arizon | |
| Newcomer Roger | -- | Clear Title Agency Of Arizon | |
| Swayne Sabrina | -- | Clear Title Agency Of Arizon | |
| Swayne Sabrina Newcomer | -- | -- | |
| Newcomer Roger E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 212 Re Space Llc | $200,000 | |
| Previous Owner | 2201 N 7Th Llc | $260,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2017 11/20/17 | Sold | $520,000 | -12.6% | $486 / Sq Ft |
| 11/07/2017 11/07/17 | For Sale | $595,000 | -- | $557 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $4,924 | $38,048 | -- | -- |
| 2024 | $4,901 | $37,369 | -- | -- |
| 2023 | $4,901 | $70,210 | $61,404 | $8,806 |
| 2022 | $5,017 | $60,603 | $52,553 | $8,050 |
| 2021 | $5,248 | $62,118 | $54,054 | $8,064 |
| 2020 | $5,115 | $38,178 | $30,204 | $7,974 |
| 2019 | $4,893 | $36,018 | $28,350 | $7,668 |
| 2018 | $4,731 | $30,420 | $22,878 | $7,542 |
| 2017 | $4,493 | $29,970 | $22,212 | $7,758 |
| 2016 | $4,421 | $29,916 | $22,914 | $7,002 |
| 2015 | $4,224 | $30,544 | $24,975 | $5,569 |
Source: Public Records
Agents Affiliated with this Home
-
John Klocek
-
Patrick Burch
Seller Co-Listing Agent in 2017
Patrick Burch
ABI Multifamily
(520) 603-1768
1 in this area
38 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5684685
APN: 155-19-023
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.
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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