NOT LISTED FOR SALE

Estimated Value: $497,000 - $2,840,000

-- Bed
-- Bath
1,908 Sq Ft
$859/Sq Ft Est. Value

Last Sold December 31, 2014

Last sale price $450,000 $236 Per Sq Ft

Est. 264% increase in value since last sale

Current estimated payment $8,867/month

1 Day on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of December 2014

Welcome to Palm Square Apartments located in Phoenix, Arizona, minutes from Downtown. Palm Square Apartments consists of seventeen homes, single-story and built of the block, offering you the option of a spacious Studio, One and Two-Bedroom Apartment. Be the first to enjoy our newly renovated homes with brand new flooring, fresh new interior paint, and new cabinetry with granite countertops. This unique and cozy Community is situated east of Interstate 17 (Black Canyon Freeway), located on 15th Avenue south of Camelback Road. Live a convenient living close to the Phoenix-Metro Light Rail, Camelback Village Square, Spectrum Mall, and so many great restaurants!Live in the heart of the Phoenix Culture at Palm Square Apartments and schedule your personal tour today!

Last Agent to Sell the Property

Eric Nelson

801Autumn & Co. Realty License #BR634128000 Listed on: 11/14/2014

Last Buyer's Agent

Jared Piper

My Home Group Real Estate License #SA644292000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,299

Year Built

  • Built in 1958

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 2 Open Parking Spaces
  • 18 Parking Spaces
  • 16 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 65
  • Assessor Parcel Number 155-44-071-A

Community Details

Overview

  • 7 Buildings
  • 17 Units
  • Building Dimensions are two lots sold together
  • Cox Estates 2 Subdivision

Building Details

  • Operating Expense $22,459
  • Gross Income $69,300
  • Net Operating Income $62,283

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,299

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 15TH Ave/Camelback
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 7
  • Year Built: 1958
  • Tax Year: 2013
  • Directions: Just S. of Camelback on E. side of 15th Ave.
  • Road Surface Type: Asphalt
  • Subdivision Name: Cox Estates 2
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 16.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 18.0
  • General Property Description:Covered Parking Spcs: 16.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 8160.0

Lot Info

  • Lot Size: two lots sold together
  • Additional Parcels: Yes
  • Parcel #: 155-44-071-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 17
  • Electric Expense: 1000.0
  • Annual Gross Income: 69300.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 62283.0
  • Annual Operating Expense: 22459.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 2299.0
  • Tax Book Number: 155.00
  • Tax Lot: 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2021
Sold by
Jl3 Investments Llc
Bought by
Palm Square 1802 Llc
Current Estimated Value
$1,639,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,820,000
Interest Rate
2.93%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 13, 2020
Sold by
Cox Estates Apartments Llc
Bought by
Jl3 Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
3.72%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 14, 2014
Closed on
Dec 9, 2014
Sold by
Dnd Investors Llc
Bought by
Scooter Investments Llc
Seller's Agent
Eric Nelson
801Autumn & Co. Realty
Buyer's Agent
Jared Piper
My Home Group Real Estate
List Price
$469,000
Sold Price
$450,000
Premium/Discount to List
-$19,000
-4.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.16%

Purchase Details

Closed on
Feb 3, 2006
Sold by
4811-4815 N 15Th Avenue Llc
Bought by
Dnd Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2003
Sold by
Tabakov Abram and Tabakov Olga
Bought by
4811-4815 N 15Th Avenue Llc

Purchase Details

Closed on
Jun 7, 1995
Sold by
Karis Timothy P and Karis Patricia K
Bought by
Taylor Don and Taylor Antonija

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
8.36%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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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
Palm Square 1802 Llc $2,400,000 Chicago Title Agency Inc
Jl3 Investments Llc $1,800,000 Magnus Title Agency Llc
Scooter Investments Llc $437,500 Great Amer Title Agency Inc
Dnd Investors Llc $695,000 Chicago Title Insurance Co
4811-4815 N 15Th Avenue Llc $475,000 Security Title Agency
Taylor Don $277,500 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Palm Square 1802 Llc $1,820,000
Previous Owner Jl3 Investments Llc $1,350,000
Previous Owner Dnd Investors Llc $500,000
Previous Owner Taylor Don $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 For Rent -- -- --
12/31/2014 12/31/14 Sold $450,000 -4.1% $236 / Sq Ft
11/15/2014 11/15/14 Pending -- -- --
11/14/2014 11/14/14 For Sale $469,000 -- $246 / 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 $2,111 $16,821 -- --
2024 $2,039 $16,020 -- --
2023 $2,039 $65,420 $12,500 $52,920
2022 $2,028 $45,240 $8,640 $36,600
2021 $2,062 $39,410 $7,530 $31,880
2020 $2,010 $33,360 $6,370 $26,990
2019 $1,923 $29,170 $5,570 $23,600
2018 $1,859 $24,870 $4,750 $20,120
2017 $1,707 $21,640 $4,130 $17,510
2016 $1,647 $19,920 $3,800 $16,120
2015 $1,531 $17,820 $3,400 $14,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5199776

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-44-071A