NOT LISTED FOR SALE

734 W Mcdowell Rd Phoenix, AZ 85007

Estimated Value: $878,184 - $1,221,000

-- Bed
-- Bath
3,004 Sq Ft
$343/Sq Ft Est. Value

Last Sold October 29, 2018

Last sale price $525,000 $175 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $5,907/month

3 Days on Market

Highlights

  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of October 2018

Historic Palmcroft Location! Delightful Spanish courtyard 4-plex. Step through the arched gate and into a courtyard garden featuring central fountain, wonderful shaded walk way with mature landscaping. The 4 apartments are all 2 bedroom, 1 bath and retain the historical charm of the property. this is one of the most unique 4 plex apartments in the Central corridor. All are fully rented. Please drive by only, do not disturb occupants.

Last Agent to Sell the Property

Craig Bennett

Russ Lyon Sotheby's International Realty License #BR024633000 Listed on: 08/28/2018

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Cam Morrier

Occasio Realty License #BR643132000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,651

Year Built

  • Built in 1946

Lot Details

  • 8,451

Home Design

  • Tile Roof
  • Foam Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Kenilworth Elementary School
  • Isaac Middle School
  • Central High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 111-09-007

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8,450
  • Encanto Palmcroft Historic District Subdivision

Building Details

  • Operating Expense $7,746
  • Gross Income $44,194
  • Net Operating Income $28,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,651

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: 7th Ave and McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Year Built: 1946
  • Tax Year: 2018
  • Directions: From 7th Ave, West on McDowell to 734 W. McDowell
  • Road Surface Type: Dedicated Street, Concrete, Sidewalk(s), Alley
  • Subdivision Name: Encanto -Palmcroft Historic District
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Tile, Foam
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Central, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 2305.0

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Middle Or Junior School: Isaac Middle School

Lot Info

  • Lot Size: 8,450
  • Additional Parcels: No
  • Parcel #: 111-09-007

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 505.0
  • Annual Gross Income: 44193.6
  • Insurance Expense: 925.0
  • Maintenance Expense: 1860.0
  • Property Net Operating Income: 28280.0
  • Annual Operating Expense: 7746.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1651.0
  • Tax Book Number: 111.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2018
Closed on
Oct 12, 2018
Sold by
734 W Mcdowell Llc
Bought by
Mackey Gerard and Wu Bihong
Seller's Agent
Craig Bennett
Russ Lyon Sotheby's International Realty
Buyer's Agent
Cam Morrier
Occasio Realty
List Price
$525,000
Sold Price
$525,000
Total Days on Market
3
Current Estimated Value
$1,029,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$504,546
Avg. Annual Appreciation
10.71%
Original Mortgage
$393,750
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 19, 2014
Closed on
Mar 23, 2015
Sold by
Granderson Clyde H
Bought by
734 West Mcdowell Llc
Seller's Agent
Clyde Granderson
HomeSmart
Buyer's Agent
Craig Bennett
Russ Lyon Sotheby's International Realty
List Price
$435,000
Sold Price
$388,000
Premium/Discount to List
-$47,000
-10.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.76%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Mackey Gerard $525,000 Great American Title Agency
734 West Mcdowell Llc $388,000 Chicago Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mackey Gerard $384,000
Closed Mackey Gerard $393,750
Previous Owner Granderson Clyde H $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2018 10/29/18 Sold $525,000 0.0% $175 / Sq Ft
08/30/2018 08/30/18 Pending -- -- --
08/27/2018 08/27/18 For Sale $525,000 +35.3% $175 / Sq Ft
03/24/2015 03/24/15 Sold $388,000 -10.8% $129 / Sq Ft
02/10/2015 02/10/15 Pending -- -- --
12/19/2014 12/19/14 For Sale $435,000 -- $145 / 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 $1,796 $13,431 -- --
2024 $1,779 $12,791 -- --
2023 $1,779 $62,700 $12,540 $50,160
2022 $1,715 $45,600 $9,120 $36,480
2021 $1,702 $41,370 $8,270 $33,100
2020 $1,722 $38,470 $7,690 $30,780
2019 $1,719 $26,700 $5,340 $21,360
2018 $1,690 $20,230 $4,040 $16,190
2017 $1,651 $18,630 $3,720 $14,910
2016 $1,603 $15,180 $3,030 $12,150
2015 $1,484 $12,210 $2,440 $9,770
Source: Public Records

Agents Affiliated with this Home

  • Craig Bennett

    Seller's Agent in 2018

    Craig Bennett

    Russ Lyon Sotheby's International Realty

    (602) 908-5279

    76 Total Sales

    Craig Bennett
    Section Image
  • Cam Morrier

    Buyer's Agent in 2018

    Cam Morrier

    Occasio Realty

    (623) 255-0725

    44 Total Sales

    Cam Morrier
    Section Image

  • C

    Seller's Agent in 2015

    Clyde Granderson

    HomeSmart

    (602) 369-0422

    3 Total Sales

    Clyde Granderson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5812601

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-09-007

Arizona Maricopa County Phoenix 85007

734 W Mcdowell Rd, Phoenix, AZ

This home is located at 734 W Mcdowell Rd, Phoenix, AZ 85007 since 28 August 2018 and is currently estimated at $1,029,546, approximately $342 per square foot. This property was built in 1946. 734 W Mcdowell Rd is a home located in Maricopa County with nearby schools including Kenilworth Elementary School, Phoenix Coding Academy, and Central High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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