NOT LISTED FOR SALE

Estimated Value: $469,000 - $568,000

3 Beds
-- Bath
1,188 Sq Ft
$434/Sq Ft Est. Value

Sale Details

Date Sold: June 10, 2022

Last sale price $520,000 $438 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,908 / mo

5 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • 4-minute walk to Tawa Mini Park
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of June 2022

3 Units, Built in 1958, Garden-Style Property. 100% 1-Bed / 1-Bath Unit Mix. Value-Add Opportunity Through Interior & Exterior Renovations. Walking Distance to the Lively Melrose District Along 7th Avenue & Located in the Heart of the Central Corridor and Less Than .2 Miles to Two Separate Light Rail Stations. Exceptional Uptown Location in Close Proximity to Attractive Shops & Restaurants in Uptown Plaza Such as Lou Malnati's, Flower Child, Chula Seafood, & More.

Last Agent to Sell the Property

Tom Palestina

ABI Multifamily License #SA688331000 Listed on: 04/27/2022

Co-Listed By

Carson Griesemer

ABI Multifamily License #SA686764000

Last Buyer's Agent

Kristin L. Graziano

Locality Real Estate License #SA540018000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $901

Year Built

  • Built in 1958

Lot Details

  • 7,797

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 8
  • Assessor Parcel Number 155-37-015-C

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7800
  • Income Acres Subdivision

Building Details

  • Operating Expense $901
  • Gross Income $42,423
  • Net Operating Income $33,081

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$901

Year Built

Built in 1958

Lot Details

7,797 Sq Ft Lot

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: INCOME ACRES
  • Tax Parcel Letter: C
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile, Wood
  • Appliances: Refrigerator
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Window/Wall Unit
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7800
  • Additional Parcels: No
  • Parcel #: 155-37-015-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 42423.2
  • Property Net Operating Income: 33081.0
  • Annual Operating Expense: 901.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 901.0
  • Tax Book Number: 155.00
  • Tax Lot: 8

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2023
Sold by
Bought by
Current Estimated Value
$515,135

Purchase Details

Listed on
Apr 27, 2022
Closed on
Jun 2, 2022
Sold by
Bought by
Seller's Agent
Tom Palestina
ABI Multifamily
Buyer's Agent
Kristin L. Graziano
Locality Real Estate
List Price
$495,000
Sold Price
$520,000
Premium/Discount to List
$25,000
5.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.23%
Original Mortgage
$416,000
Interest Rate
5.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,111,279
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 22, 2016
Sold by
Bought by

Purchase Details

Closed on
Apr 23, 2013
Sold by
Bought by

Purchase Details

Closed on
Sep 1, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 30, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,000
Interest Rate
5.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 14, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 30, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.98%
Mortgage Type
Seller Take Back
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$520,000 Security Title
$2,155,000 Commonwealth Title
-- None Available
-- None Available
-- Accommodation
$140,000 Chicago Title Insurance Co
-- Chicago Title Insurance Co
$73,000 Fidelity Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $416,000
Previous Owner $2,111,279
Previous Owner $14,000
Previous Owner $65,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/10/2022 06/10/22 Sold $520,000 +5.1% $438 / Sq Ft
04/27/2022 04/27/22 For Sale $495,000 0.0% $417 / Sq Ft
09/01/2017 09/01/17 Rented $550 0.0% --
08/23/2017 08/23/17 Under Contract -- -- --
08/11/2017 08/11/17 For Rent $550 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $955 $7,350
2024 $891 $7,000
2023 $891 $27,580 $5,510 $22,070
2022 $886 $19,450 $3,890 $15,560
2021 $901 $17,230 $3,440 $13,790
2020 $878 $14,320 $2,860 $11,460
2019 $840 $12,010 $2,400 $9,610
2018 $812 $9,270 $1,850 $7,420
2017 $746 $8,480 $1,690 $6,790
2016 $720 $7,330 $1,460 $5,870
2015 $669 $6,320 $1,260 $5,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6390198

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-37-015C

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