L
Seller's Agent in 2021
Lenna Bien
Taylor Street Advisors
(480) 318-7353
1 in this area
2 Total Sales
5624 N 6th St Phoenix, AZ 85012
Uptown Phoenix NeighborhoodEstimated Value: $672,000
26
Beds
--
Bath
2,494
Sq Ft
$269/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Cooling Available
- Heating System Uses Natural Gas
- Madison Richard Simis School Rated A-
About This Home
As of April 20215624-5646 N 6th St
Renovated in 2020, The Madison boasts mid-century art deco style
architecture modernized to fit the young professional tenant base the
property now attracts. Given its location in the sought after Uptown Central
Phoenix Corridor, its walking distance from some of Phoenix's hottest
new restaurants, cafes and social spots and detailed scope of remodel,
which includes almost $700,000 in total Capital Improvement costs, The
Madison provides a remarkable opportunity for immediate value along with
considerable future upside potential.
Built in 1952 of block construction, pitched roofs, art deco windows and front
and rear entryways, The Madison is a prime example of Phoenix historical
architecture and charm reinvigorated to match today's market of multifamily.
Last Agent to Sell the Property
Taylor Street Advisors License #BR636411000 Listed on: 02/26/2020
Last Buyer's Agent
Non-MLS Agent
Non-MLS Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,015
Year Built
- Built in 1949
Lot Details
- Additional Parcels
Home Design
- Composition Roof
- Block Exterior
Flooring
- Wood
- Vinyl
Parking
- 20 Open Parking Spaces
- 38 Parking Spaces
- 18 Covered Spaces
- Common or Shared Parking
- Paved Parking
Schools
- Madison Elementary School
- Madison Meadows Middle School
- Central High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for trash collection, water, sewer
- The owner pays for trash collection, water, sewer
- Tax Lot 22
- Assessor Parcel Number 162-35-021
Community Details
Overview
- 6 Buildings
- 18 Units
- Building Dimensions are 58,800
- Camel Square Subdivision
Building Details
- Operating Expense $43,394
- Gross Income $25,118
- Net Operating Income $240,759
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 26, 2020
Closed on
Apr 13, 2021
Sold by
Kambn Holdings 2 Llc
Bought by
Uptown Bungalows Llc
Seller's Agent
Lenna Bien
Taylor Street Advisors
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$4,275,000
Sold Price
$3,775,000
Premium/Discount to List
-$500,000
-11.7%
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
-$3,103,000
Avg. Annual Appreciation
-32.09%
Original Mortgage
$2,757,000
Outstanding Balance
$1,152,525
Interest Rate
3%
Mortgage Type
Construction
Estimated Equity
-$480,525
Purchase Details
Listed on
Sep 7, 2018
Closed on
Jan 22, 2019
Sold by
Isfan Pavel and Isfan Elena
Bought by
Kambn Holdings 2 Llc
Seller's Agent
Joel Lindgren
The Arizona Real Estate Company.com
Buyer's Agent
Brian Tranetzki
Taylor Street Advisors
List Price
$2,899,990
Sold Price
$2,400,000
Premium/Discount to List
-$499,990
-17.24%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.52%
Original Mortgage
$2,170,000
Interest Rate
4.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 10, 2002
Sold by
Wightman Kenneth S and Wightman Jean H
Bought by
Isfan Pavel and Isfan Elena
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,800
Interest Rate
5.75%
Purchase Details
Closed on
Jan 19, 2001
Sold by
M Davis & Co
Bought by
Wightman Kenneth and Wightman Jean
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
8.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 15, 1998
Sold by
Davis Meredith
Bought by
M Davis & Co
Purchase Details
Closed on
Jul 7, 1995
Sold by
White George Leslie and White Barbara Bouvea
Bought by
Davis Meredith
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
7.62%
Mortgage Type
Trade
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 |
|---|---|---|---|
| Uptown Bungalows Llc | $3,775,000 | American Title Svc Agcy Llc | |
| Kambn Holdings 2 Llc | $2,400,000 | American Title Service Agenc | |
| Isfan Pavel | -- | Capital Title Agency Inc | |
| Wightman Kenneth | $150,000 | Old Republic Title Agency | |
| M Davis & Co | -- | -- | |
| Davis Meredith | $95,000 | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Uptown Bungalows Llc | $2,757,000 | |
| Previous Owner | Kambn Holdings 2 Llc | $2,170,000 | |
| Previous Owner | Isfan Pavel | $644,800 | |
| Previous Owner | Wightman Kenneth | $135,000 | |
| Previous Owner | Davis Meredith | $63,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2021 04/15/21 | Sold | $3,775,000 | -11.7% | $1,514 / Sq Ft |
| 04/02/2021 04/02/21 | For Sale | $4,275,000 | 0.0% | $1,714 / Sq Ft |
| 02/22/2021 02/22/21 | Pending | -- | -- | -- |
| 02/03/2021 02/03/21 | For Sale | $4,275,000 | +13.2% | $1,714 / Sq Ft |
| 02/02/2021 02/02/21 | Off Market | $3,775,000 | -- | -- |
| 10/05/2020 10/05/20 | For Sale | $4,275,000 | 0.0% | $1,714 / Sq Ft |
| 09/04/2020 09/04/20 | Pending | -- | -- | -- |
| 02/26/2020 02/26/20 | For Sale | $4,275,000 | +78.1% | $1,714 / Sq Ft |
| 01/23/2019 01/23/19 | Sold | $2,400,000 | -4.0% | $962 / Sq Ft |
| 01/05/2019 01/05/19 | Price Changed | $2,499,990 | 0.0% | $1,002 / Sq Ft |
| 12/17/2018 12/17/18 | Price Changed | $2,499,990 | 0.0% | $1,002 / Sq Ft |
| 10/01/2018 10/01/18 | Pending | -- | -- | -- |
| 09/12/2018 09/12/18 | Price Changed | $2,499,990 | -13.8% | $1,002 / Sq Ft |
| 09/07/2018 09/07/18 | For Sale | $2,899,990 | -- | $1,163 / 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 | $3,288 | $26,476 | -- | -- |
| 2024 | $3,200 | $25,215 | -- | -- |
| 2023 | $3,200 | $46,330 | $9,470 | $36,860 |
| 2022 | $3,105 | $34,590 | $7,070 | $27,520 |
| 2021 | $3,132 | $28,990 | $6,190 | $22,800 |
| 2020 | $3,083 | $24,950 | $5,330 | $19,620 |
| 2019 | $3,015 | $21,800 | $4,660 | $17,140 |
| 2018 | $2,941 | $19,700 | $4,210 | $15,490 |
| 2017 | $2,803 | $17,920 | $3,830 | $14,090 |
| 2016 | $2,784 | $17,560 | $3,750 | $13,810 |
| 2015 | $3,352 | $24,970 | $4,990 | $19,980 |
Source: Public Records
Agents Affiliated with this Home
-
Lenna Bien
-
N
Buyer's Agent in 2021
Non-MLS Agent
Non-MLS Office
-
Joel Lindgren
Seller's Agent in 2019
Joel Lindgren
The Arizona Real Estate Company.com
(602) 492-5635
46 Total Sales
-
B
Buyer's Agent in 2019
Brian Tranetzki
Taylor Street Advisors
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6042037
APN: 162-35-021
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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