$527,000
SOLD DEC 2, 2024
-- Bed
-- Bath
1,082 Sq Ft
3,398 Sq Ft Lot

Recently Sold

$487 Per Sq Ft

4% Below List Price

57 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of December 2024

**Fully Renovated Historic Duplex - Prime Investment Opportunity**

Discover the perfect blend of historic charm and modern convenience with this turn-key duplex in a coveted historic district, just minutes from downtown. Each unit features 1 bedroom, 1 bath, and a versatile den, recently renovated for contemporary elegance. With rental rates between $1,500 and $1,850 per unit, this property offers excellent income potential for house hacking or various rental strategies. Located near downtown attractions, including stadiums, concert venues, restaurants, and bars, it's highly desirable for renters. Don't miss this rare opportunity to own a modernized property with strong investment potential.

Last Agent to Sell the Property

Matthew Linder

Real Broker License #SA672535000 Listed on: 09/06/2024

Real Broker

Co-Listed By

Audrey Friend

Real Broker License #SA708984000

Last Buyer's Agent

Cleopatra Avery

eXp Realty License #SA692970000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $516

Year Built

  • Built in 1930

Lot Details

  • Property fronts an alley

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Garfield Elementary School
  • Phoenix Coding Academy Middle School
  • North High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, water
  • Legal Lot and Block 1 / 4
  • Assessor Parcel Number 116-26-064-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 3,412
  • Mt Pleasant Tract Blocks 2 5 Subdivision

Building Details

  • Operating Expense $516
  • Gross Income $41,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$516

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Cross Street: Van Buren St & 7th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1930
  • Tax Year: 2023
  • Directions: Head east on E Van Buren St, Turn left onto North 11th St. Property will be on the right.
  • Road Frontage Type: Alley
  • Road Surface Type: Sidewalk(s)
  • Co List Office Mls Id: realbr001
  • Co List Office Phone: 602-755-3415
  • Subdivision Name: MT PLEASANT TRACT BLOCKS 2-5
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • 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:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Coding Academy

Lot Info

  • Lot Size: 3,412
  • Additional Parcels: No
  • Parcel #: 116-26-064-A

Multi Family

  • Owner Pays: Other
  • Tenant Pays: Electricity, Water
  • Number Of Units Total: 2
  • Annual Gross Income: 41000.0
  • Annual Operating Expense: 516.0

Tax Info

  • Tax Annual Amount: 516.0
  • Tax Block: 4
  • Tax Book Number: 116.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Nov 22, 2024
Sold by
Saladino Enrico
Bought by
Vela Guadalupe and Vela Lucia
Seller's Agent
Matthew Linder
Real Broker
Buyer's Agent
Cleopatra Avery
eXp Realty
List Price
$549,900
Sold Price
$527,000
Premium/Discount to List
-$22,900
-4.16%
Views
24
Current Estimated Value
$539,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,153
Avg. Annual Appreciation
-2.21%
Original Mortgage
$515,000
Outstanding Balance
$511,160
Interest Rate
6.44%
Mortgage Type
VA
Estimated Equity
$6,515

Purchase Details

Listed on
May 11, 2020
Closed on
Aug 24, 2020
Sold by
Garcia Maria I Bonilla De
Bought by
Saladino Enrico
Seller's Agent
Jose Lopez
HomeSmart
Buyer's Agent
Matthew Linder
Real Broker
List Price
$295,000
Sold Price
$310,000
Premium/Discount to List
$15,000
5.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.27%
Original Mortgage
$283,882
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 28, 2020
Sold by
Degarcia Maria L Bonilla
Bought by
Garcia Anthony and Garcia Jorge

Purchase Details

Closed on
Dec 5, 2016
Sold by
A Mountain Group Ira Llc
Bought by
Degarcia Maria I Bonilla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,398
Interest Rate
3.52%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 3, 2009
Sold by
The Bank Of New York
Bought by
A Mountain Group Ira Llc

Purchase Details

Closed on
Mar 27, 2009
Sold by
Choudhury Mashudur
Bought by
The Bank Of New York

Purchase Details

Closed on
Feb 17, 2006
Sold by
Choudhury Peeluo M
Bought by
Choudhury Mashudur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,680
Interest Rate
8.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2004
Sold by
Valle Jose Rene
Bought by
Valle Jose Rene and Valle Idalia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,200
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 1999
Sold by
Valle Idalia
Bought by
Valle Jose Rene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,750
Interest Rate
6.92%
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 Type Sale Price Title Company
Warranty Deed $515,000 Magnus Title Agency
Warranty Deed $515,000 Magnus Title Agency
Warranty Deed $310,000 Millennium Title Agency Llc
Warranty Deed -- None Available
Warranty Deed $130,000 Thomas Title & Escrow
Special Warranty Deed -- None Available
Trustee Deed $113,887 None Available
Interfamily Deed Transfer -- Transnation Title Ins Co
Warranty Deed $127,100 Transnation Title Ins Co
Interfamily Deed Transfer -- Nations Title Agency Of Az
Interfamily Deed Transfer -- Westminster Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $515,000 VA
Closed $515,000 VA
Previous Owner $396,000 New Conventional
Previous Owner $283,882 FHA
Previous Owner $126,398 Seller Take Back
Previous Owner $101,680 Purchase Money Mortgage
Previous Owner $67,200 New Conventional
Previous Owner $48,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2024 12/02/24 Sold $527,000 +0.4% $487 / Sq Ft
10/18/2024 10/18/24 Price Changed $524,900 -1.9% $485 / Sq Ft
10/06/2024 10/06/24 Price Changed $534,900 -1.8% $494 / Sq Ft
09/26/2024 09/26/24 Price Changed $544,900 -0.9% $504 / Sq Ft
09/06/2024 09/06/24 For Sale $549,900 +77.4% $508 / Sq Ft
08/31/2020 08/31/20 Sold $310,000 -1.6% $287 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
07/17/2020 07/17/20 Price Changed $315,000 +6.8% $291 / Sq Ft
07/17/2020 07/17/20 For Sale $295,000 0.0% $273 / Sq Ft
06/14/2020 06/14/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $295,000 0.0% $273 / Sq Ft
06/11/2020 06/11/20 Price Changed $295,000 +3.5% $273 / Sq Ft
05/16/2020 05/16/20 Pending -- -- --
05/11/2020 05/11/20 For Sale $285,000 -- $263 / 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 $521 $3,895 -- --
2024 $516 $3,710 -- --
2023 $516 $23,060 $4,610 $18,450
2022 $498 $15,160 $3,030 $12,130
2021 $494 $12,230 $2,440 $9,790
2020 $499 $10,250 $2,050 $8,200
2019 $499 $8,550 $1,710 $6,840
2018 $490 $7,270 $1,450 $5,820
2017 $479 $6,760 $1,350 $5,410
2016 $465 $4,710 $940 $3,770
2015 $430 $3,700 $740 $2,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6753867

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-26-064A