$600,000
SOLD OCT 29, 2024
-- Bed
-- Bath
2,800 Sq Ft
0.42 Acres

Recently Sold

$214 Per Sq Ft

9% Below List Price

25 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Washington High School Rated A-

About This Home

As of October 2024

Seller Financing Terms Available!

25th Drive consists of 4 units on 1 oversized lot, with resident access off of both 25th Drive and 26th Ave. The building on 25th has a renovated 2bed/1bath unit and a recently completed XL studio (new flooring, paint, kitchen, bathrooms). The duplex has two 'classic' 2bed/1bath units that are over 750 SF each and both have private yards, in unit laundry and ample parking.

The units are on an oversized 18,161 SF lot that was formerly 2 parcels, but has been combined by the City of Phoenix. Buyers have the opportunity to amenitize (private yards, covered parking, rentable storage) the large portions of the lot that go unused by the tenants. A buyer could also develop additional units to max out the lot's permitted density.

Last Agent to Sell the Property

Carter Marks

Orion Investment Real Estate License #SA708002000 Listed on: 09/05/2024

Last Buyer's Agent

Candiss Canady

Russ Lyon Sotheby's International Realty License #SA701457000

Russ Lyon Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,187

Year Built

  • Built in 1959

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 156-01-037-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 18,161
  • Krall's Homesites Subdivision

Building Details

  • Operating Expense $1,187

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,187

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: KRALL'S HOMESITES
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: See Remarks

Association/Amenities

  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 18,161
  • Additional Parcels: No
  • Parcel #: 156-01-037-A

Multi Family

  • Owner Pays: Other
  • Tenant Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Operating Expense: 1187.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1187.0
  • Tax Book Number: 156.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2024
Closed on
Oct 8, 2024
Sold by
Cabrera Michael and Cabrera Andrea
Bought by
Lifetime Realestate Partners Inc
Seller's Agent
Carter Marks
Orion Investment Real Estate
Buyer's Agent
Candiss Canady
Russ Lyon Sotheby's International Realty
List Price
$659,999
Sold Price
$600,000
Premium/Discount to List
-$59,999
-9.09%
Total Days on Market
25
Views
1
Current Estimated Value
$595,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,661
Avg. Annual Appreciation
-1.27%
Original Mortgage
$300,000
Outstanding Balance
$298,548
Interest Rate
6.2%
Mortgage Type
Seller Take Back
Estimated Equity
$296,791

Purchase Details

Listed on
Oct 13, 2021
Closed on
Nov 3, 2021
Sold by
Bt Investments Llc
Bought by
Cabrera Michael and Cabrera Andrea
Seller's Agent
Andy Adeli
Realty ONE Group
Buyer's Agent
Houstin Engstrom
Delex Realty
List Price
$629,000
Sold Price
$605,000
Premium/Discount to List
-$24,000
-3.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.28%
Original Mortgage
$150,000
Interest Rate
2.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2020
Sold by
1677 Llc
Bought by
Bt Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2019
Sold by
The Orange Shores Company Llc
Bought by
1677 Llc

Purchase Details

Closed on
Nov 28, 2011
Sold by
Ray William E
Bought by
The Orange Shores Company Llc

Purchase Details

Closed on
Jun 14, 2011
Sold by
Ray Judy
Bought by
Ray William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2011
Sold by
Solis Ruben
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Jan 12, 2006
Sold by
Solis Josefina
Bought by
Solis Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,250
Interest Rate
9.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2006
Sold by
Tres Marie Llc
Bought by
Solis Ruben and Solis Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,250
Interest Rate
9.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2002
Sold by
Lynn Myron L and Lynn Karen K
Bought by
Lynn Myron L and Lynn Karen K

Purchase Details

Closed on
Jul 12, 2000
Sold by
Bates James B and Bates Barbara Ann
Bought by
Lynn Myron L and Lynn Karen K
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 Type Sale Price Title Company
Warranty Deed $600,000 Arizona Premier Title
Warranty Deed $605,000 Great American Ttl Agcy Inc
Warranty Deed $760,000 Empire West Title Agency Llc
Warranty Deed $540,000 Empire West Title Agency Llc
Warranty Deed -- Magnus Title Agency
Interfamily Deed Transfer -- First American Title Ins Co
Special Warranty Deed $76,000 First American Title Ins Co
Trustee Deed $72,000 None Available
Interfamily Deed Transfer -- Stewart Title & Trust Of Pho
Warranty Deed $345,000 Stewart Title & Trust Of Pho
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Joint Tenancy Deed -- Fidelity Title
Quit Claim Deed -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 Seller Take Back
Closed $195,000 New Conventional
Closed $350,950 New Conventional
Previous Owner $150,000 Purchase Money Mortgage
Previous Owner $532,000 Commercial
Previous Owner $365,000 No Value Available
Previous Owner $53,000 Commercial
Previous Owner $293,250 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $600,000 -30.2% $214 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
09/05/2024 09/05/24 Price Changed $859,999 +30.3% $307 / Sq Ft
09/05/2024 09/05/24 For Sale $659,999 +9.1% $236 / Sq Ft
11/05/2021 11/05/21 Sold $605,000 -3.8% $216 / Sq Ft
10/17/2021 10/17/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $629,000 -- $225 / 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 $1,209 $9,885 -- --
2024 $1,187 $9,414 -- --
2023 $1,187 $34,450 $6,890 $27,560
2022 $1,148 $26,600 $5,320 $21,280
2021 $1,163 $24,950 $4,990 $19,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6753120

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-01-037A