NOT LISTED FOR SALE

Estimated Value: $265,724 - $512,000

2 Beds
-- Bath
924 Sq Ft
$442/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2021

Last sale price $442,500 $479 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,202 / mo

52 Days on Market

Highlights

  • Cooling Available
  • Heating Available
  • 4-minute walk to Hu-O-Te Mini Park
  • Phoenix Coding Academy Rated A

About This Home

As of June 2021

Fabulous, fully rehabbed duplex in downtown. FULLY Remodeled in 2017, everything was done, roof, plumbing, electric, hvac's, bathrooms, kitchens, flooring - everything! This income property located in the Roosevelt triangle is perfect for owner/landlord purchase to reduce mortgage, or purely as an income generator.

Last Agent to Sell the Property

Luis Solis

HomeSmart License #SA555988000 Listed on: 04/02/2021

HomeSmart

Co-Listed By

Kristofer Robison

Brokers Hub Realty, LLC License #SA672301000

Last Buyer's Agent

Timothy Redelsperger

Long Realty Uptown License #SA663146000

Long Realty Uptown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $405

Year Built

  • Built in 1930

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Block Exterior

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer, electricity, gas, trash collection, cable TV
  • Legal Lot and Block 2 / H
  • Assessor Parcel Number 111-29-126

Community Details

Overview

  • 2 Units
  • Building Dimensions are 36.65 x 60.92
  • University Addition Subdivision

Building Details

  • Operating Expense $1,320
  • Gross Income $24,830
  • Net Operating Income $20,851

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$405

Year Built

Built in 1930

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 7th Ave & Roosevelt
  • Property Type: Multiple Dwellings
  • Zoning: R-5 Multifamily
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1930
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril12
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: UNIVERSITY ADDITION
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Washer/Dryer

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: On Street
  • Attached Garage: No

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

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

Lot Info

  • Lot Size: 36.65 x 60.92
  • Additional Parcels: No
  • Parcel #: 111-29-126

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Electricity, Gas, Trash Collection, Cable TV
  • Number Of Units Total: 2
  • Electric Expense: 11.06
  • Annual Gross Income: 24830.0
  • Insurance Expense: 473.6
  • Maintenance Expense: 80.0
  • Property Net Operating Income: 20851.0
  • Annual Operating Expense: 1319.66

Tax Info

  • Tax Annual Amount: 405.0
  • Tax Block: H
  • Tax Book Number: 111.0
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
Jul 22, 2021
Sold by
Silva John L
Bought by
Silva John L and Silva Alice M
Seller's Agent
Luis Solis
HomeSmart
Buyer's Agent
Timothy Redelsperger
Long Realty Uptown
List Price
$440,000
Sold Price
$442,500
Premium/Discount to List
$2,500
0.57%
Current Estimated Value
$408,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,069
Avg. Annual Appreciation
-1.65%
Original Mortgage
$331,875
Outstanding Balance
$301,583
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$106,848

Purchase Details

Listed on
Oct 28, 2016
Closed on
Nov 9, 2016
Sold by
Tax Lien Services Llc
Bought by
Ran Llc
Seller's Agent
Joseph Susco
Barrett Real Estate
Buyer's Agent
Luis Solis
HomeSmart
List Price
$99,000
Sold Price
$95,000
Premium/Discount to List
-$4,000
-4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.32%

Purchase Details

Closed on
May 11, 2015
Sold by
Eberhardt Chris
Bought by
Tax Lien Services Llc

Purchase Details

Closed on
Jul 7, 2004
Sold by
Kordon Theresa G
Bought by
Kordon John and Kordon John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,500
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 2004
Sold by
Kordon John
Bought by
Kordon John and Kordon James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,500
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2004
Sold by
Kordon Karen
Bought by
Kordon James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,500
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 2000
Sold by
Leub Properties Llc
Bought by
Kordon John

Purchase Details

Closed on
Nov 26, 1999
Sold by
Lesniewski Edward Kenneth
Bought by
Leub Properties Llc
Source: Public Records
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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
Silva John L -- Great American Ttl Agcy Inc
Silva John L -- Great American Ttl Agcy Inc
Silva John L $442,500 Great American Ttl Agcy Inc
Ran Llc $95,000 Wfg National Title Ins Co
Tax Lien Services Llc -- None Available
Kordon John -- Security Title Agency
Eberhardt Chris $97,500 Security Title Agency
Kordon John -- First American Title Ins Co
Kordon James -- First American Title Ins Co
Kordon John $42,500 First American Title
Leub Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silva John L $331,875
Previous Owner Eberhardt Chris $77,500
Previous Owner Kordon John $90,000
Previous Owner Kordon James $90,000
Closed Eberhardt Chris $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2021 06/30/21 Sold $442,500 +0.6% $479 / Sq Ft
06/21/2021 06/21/21 For Sale $440,000 0.0% $476 / Sq Ft
06/21/2021 06/21/21 Price Changed $440,000 0.0% $476 / Sq Ft
06/10/2021 06/10/21 For Sale $440,000 0.0% $476 / Sq Ft
06/10/2021 06/10/21 Price Changed $440,000 0.0% $476 / Sq Ft
06/01/2021 06/01/21 For Sale $440,000 -0.6% $476 / Sq Ft
05/19/2021 05/19/21 Off Market $442,500 -- --
04/02/2021 04/02/21 For Sale $440,000 +363.2% $476 / Sq Ft
11/10/2016 11/10/16 Sold $95,000 -4.0% $103 / Sq Ft View Prior Sale
10/28/2016 10/28/16 For Sale $99,000 -- $107 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $448 $3,156 -- --
2024 $418 $3,005 -- --
2023 $418 $18,810 $3,760 $15,050
2022 $403 $12,720 $2,540 $10,180
2021 $400 $10,450 $2,090 $8,360
2020 $405 $9,680 $1,930 $7,750
2019 $404 $8,660 $1,730 $6,930
2018 $397 $6,050 $1,210 $4,840
2017 $388 $6,120 $1,220 $4,900
2016 $377 $5,000 $1,000 $4,000
2015 $349 $3,380 $670 $2,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6216493

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-29-126

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