Seller's Agent in 2018
John Klocek
ABI Multifamily
(602) 639-0088
1 in this area
23 Total Sales
740 E Turney Ave Phoenix, AZ 85014
Central City Neighborhood
6
Beds
5
Baths
1,275
Sq Ft
1948
Built
Highlights
- Cooling Available
- Phoenix Coding Academy Rated A
- Heating Available
About This Home
As of April 2018heart of Uptown. The property is located directly off the 7th Street
corridor, approximately one mile from the famed Restaurant Row.
Encanto Park enjoys direct access to all areas of the Phoenix Valley by
way of the 51 Freeway (just under 1.5 miles away) and nearby Light Rail
Transit System (nearest station is less than a mile away). There are
numerous dining and entertainment options in close proximity to the
property given its prime central Phoenix location.
Encanto Park features popular mid-century, block construction and has
undergone many recent upgrades, though there are still additional
opportunities to add value. The property has ample
parking and is individually metered for electricity. Additionally, most
units have undergone extensive interior renovations. There are not
many properties available at this price point in the heart of Phoenix.
This property is being sold as part of a 29 unit, 3-property portfolio
comprised of 730-736 East Turney Avenue (12 units), 740 East Turney
Avenue (5 units), and 808-820 (12 units) East Turney Avenue in Phoenix,
AZ. The seller reserves to right to sell each property individually, or all
three as a whole portfolio.
Last Agent to Sell the Property
ABI Multifamily License #SA657592000 Listed on: 01/30/2018
Last Buyer's Agent
Joseph Boyle
Joseph Bernard Investment RE License #SA671048000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,665
Year Built
- Built in 1948
Home Design
- Composition Roof
- Block Exterior
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 19
- Assessor Parcel Number 155-19-011
Community Details
Overview
- 5 Units
- Building Dimensions are 226' x 85'
- Carolyn Place Lot 10 45 Subdivision
Building Details
- Operating Expense $1,665
- Net Operating Income $28,914
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/23/2018 04/23/18 | Sold | $379,310 | -24.1% | $297 / Sq Ft |
| 02/21/2018 02/21/18 | Pending | -- | -- | -- |
| 01/30/2018 01/30/18 | For Sale | $499,999 | -- | $392 / 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 | $2,130 | $16,406 | -- | -- |
| 2024 | $1,989 | $15,625 | -- | -- |
| 2023 | $1,989 | $66,120 | $14,790 | $51,330 |
| 2022 | $1,978 | $55,580 | $12,430 | $43,150 |
| 2021 | $2,011 | $44,040 | $9,850 | $34,190 |
| 2020 | $1,960 | $39,160 | $8,760 | $30,400 |
| 2019 | $1,875 | $30,490 | $6,820 | $23,670 |
| 2018 | $1,813 | $26,340 | $5,890 | $20,450 |
| 2017 | $1,665 | $20,220 | $4,520 | $15,700 |
| 2016 | $1,606 | $16,040 | $3,590 | $12,450 |
| 2015 | $1,493 | $14,050 | $3,140 | $10,910 |
Source: Public Records
Agents Affiliated with this Home
-
John Klocek
-
Patrick Burch
Seller Co-Listing Agent in 2018
Patrick Burch
ABI Multifamily
(520) 603-1768
1 in this area
36 Total Sales
-
J
Buyer's Agent in 2018
Joseph Boyle
Joseph Bernard Investment RE
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5716199
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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