NOT LISTED FOR SALE

740 E Turney Ave Phoenix, AZ 85014

Central City Neighborhood
6 Beds
5 Baths
1,275 Sq Ft
1948 Built

Sale Details

Date Sold: April 23, 2018

Last sale price $379,310 $297 Per Sq Ft

22 Days on Market

Highlights

  • Cooling Available
  • Longview Elementary School Rated 9+
  • Heating Available

About This Home

As of April 2018

heart 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

John Klocek

ABI Multifamily License #SA657592000 Listed on: 01/30/2018

Co-Listed By

Patrick Burch

ABI Multifamily License #BR515118000

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,665

Year Built

Built in 1948

Listing Details

  • Cross Street: 7th Street & Camelback
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1948
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: CAROLYN PLACE LOT 10-45
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Other, See Remarks, Painted, Block
  • Roof: See Remarks, Composition, Other
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes

Lot Info

  • Lot Size: 226' x 85'
  • Additional Parcels: No
  • Parcel #: 155-19-011

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 5
  • Property Net Operating Income: 28914.0
  • Annual Operating Expense: 1665.0

Tax Info

  • Tax Annual Amount: 1665.0
  • Tax Book Number: 155.00
  • Tax Lot: 19

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

Listed on
Jan 30, 2018
Closed on
Mar 27, 2018
Sold by
Bought by
Seller's Agent
John Klocek
ABI Multifamily
Buyer's Agent
Joseph Boyle
Joseph Bernard Investment RE
List Price
$499,999
Sold Price
$379,310
Premium/Discount to List
-$120,689
-24.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,530,000
Outstanding Balance
$318,922
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2016
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
$1,183,000
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 2013
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
$520,000
Interest Rate
3.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2013
Sold by
Bought by

Purchase Details

Closed on
Oct 12, 2007
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
$262,945
Interest Rate
6.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 9, 2004
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
$385,000
Interest Rate
5.69%
Mortgage Type
Commercial
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
$2,200,000 Fidelity National Title Agen
$1,595,000 American Title Svc Agency Ll
$857,200 American Title Service Agenc
$760,000 Magnus Title Agency
$630,000 Capital Title Agency Inc
-- Stewart Title & Trust
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
Open $1,530,000
Previous Owner $1,183,000
Previous Owner $520,000
Previous Owner $224,000
Previous Owner $262,945
Previous Owner $385,000
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
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

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 $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

    Seller's Agent in 2018

    John Klocek

    ABI Multifamily

    (602) 639-0088

    1 in this area

    19 Total Sales

    John Klocek
    Section Image
  • Patrick Burch

    Seller Co-Listing Agent in 2018

    Patrick Burch

    ABI Multifamily

    (520) 603-1768

    1 in this area

    29 Total Sales

    Patrick Burch
    Section Image

  • J

    Buyer's Agent in 2018

    Joseph Boyle

    Joseph Bernard Investment RE

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5716199

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85014 Central City

740 E Turney Ave, Phoenix, AZ

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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