NOT LISTED FOR SALE

Estimated Value: $1,357,405

-- Bed
-- Bath
4,659 Sq Ft
$291/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $1,300,000 $279 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,637/month

315 Days on Market

Highlights

  • 0.32 Acre Lot
  • Wood Flooring
  • Central Air
  • Phoenix Coding Academy Rated A
  • Community Kitchen
  • 3-minute walk to Roosevelt Mini Park

About This Home

As of May 2022

The subject property was built in 1905 by H.P. Demund and is designated historic by the city of Phoenix. The property is currently configured for a professional office user. The subject improvements total 4,659 square feet consisting of 7 private offices, one conference room and a 1,553 square foot finished basement (included in total square footage). The seller has done an immaculate job of maintaining and upgrading the property while preserving its historic charm! This property is close to many of Downtown Phoenix's most popular restaurants and businesses, Roosevelt Row, ASU Downtown Campus, multiple light-rail stations and City, State, and Federal Courthouses.
Sale includes APN#111-40-028; 030

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 05/06/2022

Co-Listed By

Blake Mallery

Compass License #SA680838000

Last Buyer's Agent

Adrian Bell

Mountain Sage Realty License #SA655875000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $16,439

Year Built

  • Built in 1905

Lot Details

  • 0.32 Acre Lot
  • Block Wall Fence
  • Property is zoned DTC-E-ROO

Home Design

  • 4,659 Sq Ft Home
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 13 Open Parking Spaces
  • 14 Parking Spaces
  • 1 Covered Space
  • Fenced Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 111-40-030

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Additional Features

  • Bennett Place A C & H J Subdivision
  • Operating Expense $16,439

Property Details

Property Type

Other

Est. Annual Taxes

$16,439

Year Built

Built in 1905

Lot Details

0.32 Acres

Listing Details

  • Cross Street: 2nd Ave and McKinley
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: DTC-E-ROO
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1905
  • Tax Year: 2020
  • Lot Size Acres: 0.32
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: BENNETT PLACE A-C & H-J
  • Structure Type: Other (See Remarks), Office
  • Roofing:Composition: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • Living Area: 4659.0

Exterior Features

  • Fencing: Other, Block
  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Fenced
  • Attached Garage: No
  • Open Parking Spaces: 13.0
  • Total Parking Spaces: 14.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 13.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking Features Fenced: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Electric
  • Green Building Features: Other (See Remarks), Conference Room, Reception Room, Kitchen
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Other (See Remarks)32: Yes

Lot Info

  • Lot Size Sq Ft: 14000.0
  • Parcel #: 111-40-030

Multi Family

  • Annual Operating Expense: 16439.4

Tax Info

  • Tax Annual Amount: 16439.4
  • Tax Book Number: 111.00
  • Tax Lot: 25
  • Tax Map Number: 40.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2022
Closed on
Apr 27, 2022
Sold by
Wiljac Investments Llc
Bought by
Underwood Scott
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Adrian Bell
Mountain Sage Realty
List Price
$1,450,000
Sold Price
$1,300,000
Premium/Discount to List
-$150,000
-10.34%
Current Estimated Value
$1,357,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,405
Avg. Annual Appreciation
1.12%
Original Mortgage
$975,000
Interest Rate
4.42%
Mortgage Type
New Conventional
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
Underwood Scott $1,300,000 Premier Title
Underwood Scott $1,300,000 Premier Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Underwood Scott $975,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2022 05/06/22 Sold $1,300,000 -10.3% $279 / Sq Ft
05/06/2022 05/06/22 Price Changed $1,450,000 0.0% $311 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
06/15/2021 06/15/21 For Sale $1,450,000 -- $311 / 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 $6,882 $52,673 -- --
2024 $6,325 $50,165 -- --
2023 $6,325 $90,160 $18,030 $72,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6251190

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-40-030A

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