NOT LISTED FOR SALE

526 W Culver St Phoenix, AZ 85003

Downtown Phoenix Neighborhood

Estimated Value: $645,000 - $1,962,000

4 Beds
6 Baths
1,100 Sq Ft
$1,203/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $1,600,000 $1,455 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $7,722/month

132 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of May 2022

THE CULVER 6 is a newly renovated 6 unit multifamily complex with (4) 1- Bedroom/1-bath units and (2) Casita style Studios in the Roosevelt Historic District. Originally constructed in 1928,
All structures were taken down to the studs and redesigned. New electric panels, plumbing, sewer line, roof, A/C and tankless water heaters. All units have new custom cabinets, granite countertops, dual pane windows, flooring, stainless steel appliances, washer/dryers and resort style bathroom finishes. The one bedroom units have 14ft ceilings. The Studios are custom designed with built in Murphy bed suites. The Culver 6 consists of 2,378 sq ft of rental space. Minutes away from downtown Phoenix and easy access to the I-10 freeway.

Last Agent to Sell the Property

Swapnadeep Nath

HN Management License #BR657689000 Listed on: 09/24/2021

Co-Listed By

Brenda Nath

HN Management License #BR651691000

Last Buyer's Agent

Michael Gordon

Grace CRE License #BR688636000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,448

Year Built

  • Built in 1928

Lot Details

  • Property fronts an alley

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

  • 8 Parking Spaces
  • Carport
  • Free Parking
  • Paved Parking
  • On-Street Parking

Schools

  • Kenilworth Elementary School
  • Phoenix Coding Academy Middle School
  • Central High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Legal Lot and Block 4 / 9
  • Assessor Parcel Number 111-31-023

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Building Dimensions are 9425 SqFt
  • Kenilworth Blks 1 6 Subdivision

Building Details

  • Operating Expense $19,856
  • Gross Income $392,342
  • Net Operating Income $24,198

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,448

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Cross Street: McDowell Rd & 7th Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1928
  • Tax Year: 2021
  • Directions: Head east on W McDowell Rd, South on N 5th Ave, West on W Culver St. Property will be on the right.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 4680.0
  • Co List Office Mls Id: urba001
  • Co List Office Phone: 480-619-2792
  • Subdivision Name: KENILWORTH BLKS 1-6
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, Free, Add'l Parking Avail, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s)
  • 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

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Annual Fuel Expense: 672.0
  • Trash Expense: 1432.5
  • Annual Water Sewer Expense: 1432.0

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Coding Academy

Lot Info

  • Lot Size: 9425 SqFt
  • Additional Parcels: No
  • Parcel #: 111-31-023

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 6
  • Annual Gross Income: 392342.4
  • Insurance Expense: 4716.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 24198.0
  • Annual Operating Expense: 19855.5
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 2448.0
  • Tax Block: 9
  • Tax Book Number: 111.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
Apr 28, 2022
Sold by
Mazray Homes Llp
Bought by
526 W Culver Llc
Seller's Agent
Swapnadeep Nath
HN Management
Buyer's Agent
Michael Gordon
Grace CRE
List Price
$1,600,000
Sold Price
$1,600,000
Current Estimated Value
$1,323,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$276,329
Avg. Annual Appreciation
-5.58%

Purchase Details

Closed on
Aug 10, 2018
Sold by
Vikre Lyle W
Bought by
Mazray Homes Llp

Purchase Details

Closed on
Jan 3, 2017
Sold by
Vikre Lee M
Bought by
Vikre Lyle W and Vikre Lee M

Purchase Details

Closed on
Oct 21, 2003
Sold by
Munro Jacques Henri
Bought by
Moyal Yasmine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2003
Sold by
Vikre Lyle Wayne
Bought by
Vikre Lee M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 10, 2003
Sold by
Moyal Yasmine
Bought by
Vikre Lee M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 1999
Sold by
Kean Nancy D
Bought by
Moyal Yasmine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,619
Interest Rate
7.05%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 5, 1997
Sold by
Sage Tiger Management
Bought by
Kean Nancy Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,360
Interest Rate
7.23%
Mortgage Type
Trade

Purchase Details

Closed on
Feb 3, 1994
Sold by
Eady Lawrence J and Eady Beverly A
Bought by
Sage Tiger Management

Purchase Details

Closed on
Mar 3, 1988
Sold by
Eady Lawrence J and Eady Beverly A
Bought by
Eady Lawrence J and Eady Beverly A
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
526 W Culver Llc $1,600,000 Old Republic Title
Mazray Homes Llp $316,000 Empire West Title Agency Llc
Vikre Lyle W -- None Available
Moyal Yasmine -- Fidelity National Title
Moyal Yasmine -- Fidelity National Title
Vikre Lee M -- Fidelity National Title
Vikre Lee M $300,000 Fidelity National Title
Moyal Yasmine $162,000 Nations Title Insurance
Kean Nancy Dana $88,000 Security Title Agency
Sage Tiger Management -- Fidelity Title
Eady Lawrence J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vikre Lee M $109,000
Previous Owner Vikre Lee M $150,000
Previous Owner Moyal Yasmine $161,619
Previous Owner Kean Nancy Dana $114,360
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2022 05/09/22 Sold $1,600,000 0.0% $1,455 / Sq Ft
02/03/2022 02/03/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $1,600,000 0.0% $1,455 / Sq Ft
02/01/2022 02/01/22 Off Market $1,600,000 -- --
01/25/2022 01/25/22 For Sale $1,600,000 0.0% $1,455 / Sq Ft
01/16/2022 01/16/22 Pending -- -- --
09/24/2021 09/24/21 For Sale $1,600,000 -- $1,455 / 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 $6,120 $45,761 -- --
2024 $6,060 $43,582 -- --
2023 $6,060 $65,980 $13,190 $52,790
2022 $5,845 $59,000 $11,800 $47,200
2021 $2,448 $43,050 $8,610 $34,440
2020 $2,476 $36,170 $7,230 $28,940
2019 $2,472 $33,350 $6,670 $26,680
2018 $2,430 $32,920 $6,580 $26,340
2017 $2,373 $30,200 $6,040 $24,160
2016 $2,305 $26,380 $5,270 $21,110
2015 $2,133 $21,100 $4,220 $16,880
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Swapnadeep Nath

    HN Management

    (602) 448-9110

    1 in this area

    7 Total Sales

    Swapnadeep Nath
    Section Image
  • Brenda Nath

    Seller Co-Listing Agent in 2022

    Brenda Nath

    HN Management

    (602) 315-9906

    1 in this area

    7 Total Sales

    Brenda Nath
    Section Image
  • Michael Gordon

    Buyer's Agent in 2022

    Michael Gordon

    Grace CRE

    (858) 774-6058

    2 in this area

    73 Total Sales

    Michael Gordon
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6298571

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-31-023

Arizona Maricopa County Phoenix 85003 Downtown Phoenix

526 W Culver St, Phoenix, AZ

This home is located at 526 W Culver St, Phoenix, AZ 85003 since 24 September 2021 and is currently estimated at $1,323,671, approximately $1,203 per square foot. This property was built in 1928. 526 W Culver St is a home located in Maricopa County with nearby schools including Kenilworth Elementary School, Phoenix Coding Academy, and Central High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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