712 E Pierce St Phoenix, AZ 85006
Garfield Neighborhood
--
Bed
--
Bath
1,010
Sq Ft
1931
Built
Highlights
- Cooling System Mounted To A Wall/Window
- Community Barbecue Grill
- Central Heating and Cooling System
- Emerson Elementary School Rated 9+
- Stone Flooring
About This Home
As of October 2014Pierce Apartments is located in Downtown Phoenix just off 7th Street between Roosevelt and Washington; one of the most vibrant locations in all of Arizona! The past 15 years have brought tremendous residential gentrification to downtown Phoenix. With the implementation of the Metro Light Rail through the neighborhood, coupled with Chase Field (home to the Arizona Diamondbacks) and US Airways Center (home to the Phoenix Suns), major universities, employers, and retailers have developed massive new commercial developments in downtown Phoenix . Directly across 7th Street from Pierce Apartments is the "Phoenix Biomedical Campus" which is a developing 30-acre campus with 615,000 square feet already completed. Currently there is one 20,000-square-foot project under construction, three projects in planning, totaling an additional 750,000 square feet, with 6,000,000 total square feet of Biomedical related space at build-out! The University of Arizona's College of Medicine; TGen, which houses the National Institute of Health; St. Joseph's Barrow Neurological Institute; Arizona Biomedical Collaborative 1; and Health Sciences Education Buildings for University of Arizona and Northern Arizona University, are all currently open on the Biomedical Campus today. Currently under construction is the $100 million medical campus of University of Arizona's Cancer Center, slated to open in 2015.
Arizona State University's Downtown Campus, home to the Walter Cronkite School of Journalism and Mass Communication; Sandra Day O'Connor College of Law; and several other post-graduate programs are just four blocks west of our Subject and are a major new tenant demand generator for Downtown Phoenix. Additional schools in the area include Lowell Elementary School, Osborn Junior High School, North High School, and Phoenix Biomedical High School.
Downtown Phoenix is also the cultural and arts epicenter of Metro Phoenix. The First Friday Art Walk along Roosevelt attracts thousands of art enthusiasts each month where local galleries and businesses create a festival-like atmosphere each month. Additional cultural and entertainment venues in the neighborhood include Comerica Theatre, Symphony Hall, Herberger Theatre, Phoenix Children's Museum, Arizona Science Center, Heard Museum, Phoenix Art Museum, Monarch Theatre, CityScape, Stand Up Live, Burton Barr Central Library, Chase Field, US Airways Center, and the Phoenix Convention Center.
Downtown Phoenix is also home to many nationally acclaimed restaurants such as Matt's Big Breakfast, Fox Concepts "Arrogant Butcher", the Phoenix Public Market, and award winning Chef Chris Bianco's creation Pizza Bianco. Additional restaurants and retailers are located at CityScape Phoenix, featuring Urban Outfitters and JoS. A. Bank. Nearby recreation includes Margaret T. Hance Park, featuring picnic areas, playgrounds, walking paths, ramadas, sand volleyball court, and dog park. The park is also home to the Japanese Friendship Garden and the Irish Cultural Center.
Last Agent to Sell the Property
At Real Estate Services License #BR104208000 Listed on: 04/23/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,223
Year Built
- Built in 1931
Home Design
- Wood Frame Construction
- Tile Roof
- Foam Roof
- Stucco
Flooring
- Stone
- Concrete
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Window Unit Heating System
- Master Water Meter
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 5
- Assessor Parcel Number 116-32-005
Community Details
Overview
- 3 Buildings
- 5 Units
- Building Dimensions are 50'x180'
Amenities
- Community Barbecue Grill
Building Details
- Operating Expense $13,293
- Gross Income $41,676
- Net Operating Income $28,455
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 30, 2023
Sold by
Stevens Cari-Lee
Bought by
Pink Sky 712 East Pllc
Purchase Details
Listed on
Apr 23, 2014
Closed on
Oct 22, 2014
Sold by
Sandlot Holdings Llc
Bought by
Stevens Cari Lee
Seller's Agent
Greg Thielen
At Real Estate Services
Buyer's Agent
Greg Thielen
At Real Estate Services
List Price
$399,000
Sold Price
$355,000
Premium/Discount to List
-$44,000
-11.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.36%
Purchase Details
Closed on
May 31, 2012
Sold by
Selles Oscar
Bought by
Sandlot Holdings Llc
Purchase Details
Closed on
Sep 8, 2004
Sold by
Selles Ernesto
Bought by
Selles Oscar
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,400
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 19, 2003
Sold by
Miramontes Mario A
Bought by
Selles Oscar and Selles Ernesto
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.24%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 24, 2002
Sold by
Selles Avelinda
Bought by
Selles Ernesto
Purchase Details
Closed on
Feb 4, 2000
Sold by
Arellano Maria Consuelo
Bought by
Miramontes Mario A
Purchase Details
Closed on
Jan 20, 2000
Sold by
Urquhart Joseph G
Bought by
Miramontes Mario A
Purchase Details
Closed on
Dec 8, 1997
Sold by
Harrison James
Bought by
Urquhart Joseph G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.19%
Mortgage Type
Commercial
Similar Homes in the area
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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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Cash Sale Deed | $355,000 | First Arizona Title Agency | |
| Trustee Deed | $280,928 | Lawyers Title Company | |
| Trustee Deed | $280,928 | Lawyers Title Company | |
| Warranty Deed | -- | Security Title Agency | |
| Warranty Deed | $160,000 | Security Title Agency | |
| Interfamily Deed Transfer | -- | Security Title Agency | |
| Interfamily Deed Transfer | -- | Security Title Agency | |
| Warranty Deed | $120,000 | Security Title Agency | |
| Warranty Deed | $68,000 | Lawyers Title Of Arizona Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $277,400 | Purchase Money Mortgage | |
| Previous Owner | $128,000 | Seller Take Back | |
| Previous Owner | $50,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | Price Changed | $1,275,000 | -1.9% | -- |
| 06/16/2025 06/16/25 | For Sale | $1,300,000 | +266.2% | -- |
| 10/31/2014 10/31/14 | Sold | $355,000 | -11.0% | $351 / Sq Ft |
| 10/01/2014 10/01/14 | Pending | -- | -- | -- |
| 04/23/2014 04/23/14 | For Sale | $399,000 | -- | $395 / 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 | $1,770 | $13,238 | -- | -- |
| 2024 | $1,753 | $12,608 | -- | -- |
| 2023 | $1,753 | $64,230 | $12,840 | $51,390 |
| 2022 | $1,691 | $43,620 | $8,720 | $34,900 |
| 2021 | $1,678 | $36,430 | $7,280 | $29,150 |
| 2020 | $1,697 | $30,550 | $6,110 | $24,440 |
| 2019 | $1,695 | $24,230 | $4,840 | $19,390 |
| 2018 | $1,666 | $20,360 | $4,070 | $16,290 |
| 2017 | $1,627 | $19,070 | $3,810 | $15,260 |
| 2016 | $1,580 | $14,410 | $2,880 | $11,530 |
| 2015 | $1,462 | $12,280 | $2,450 | $9,830 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Palestina
Seller's Agent in 2025
Tom Palestina
ABI Multifamily
(602) 714-1400
4 in this area
35 Total Sales
-
Andrew Arambula
Seller Co-Listing Agent in 2025
Andrew Arambula
ABI Multifamily
(602) 513-5200
8 in this area
51 Total Sales
-
Greg Thielen
Seller's Agent in 2014
Greg Thielen
At Real Estate Services
(602) 432-4336
4 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5104778
APN: 116-32-005
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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