NOT LISTED FOR SALE

741 E Apache St Phoenix, AZ 85034

Central City Neighborhood

Estimated Value: $241,000 - $387,895

2 Beds
1 Bath
836 Sq Ft
$348/Sq Ft Est. Value

Last Sold January 10, 2024

Last sale price $399,900 $478 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $1,580/month

17 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of January 2024

Welcome to 741 E. Apache! This property offers a fantastic opportunity for income generation. It features a multiple dwelling with a two-bedroom, one-bath home in the front and a two-bedroom, two-bath home in the back. Both units have been completely renovated, including updates to the roof, interior, and exterior. With month-to-month rentals, you have flexibility. Don't miss out on this great potential for under $400,000! The home is centrally located in Phoenix, just a stone's throw away from downtown. This prime location offers easy access to all the vibrant attractions, restaurants, and entertainment that downtown Phoenix has to offer. With the ongoing growth and development in the area, there's tremendous potential for future appreciation and increased demand for rental properties.

Last Agent to Sell the Property

Angelica Murrieta

HomeSmart License #SA557785000 Listed on: 10/12/2023

Last Buyer's Agent

Vera Kesto

My Home Group Real Estate License #SA688507000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $571

Year Built

  • Built in 1951

Lot Details

  • 6,839

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • Carport
  • Paved Parking

Utilities

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

Listing and Financial Details

  • The owner pays for electricity, trash collection, water
  • Legal Lot and Block 29 / 2
  • Assessor Parcel Number 115-45-069

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 0
  • Adorable Homes Subdivision

Building Details

  • Operating Expense $571

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$571

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Cross Street: 7th St and 1-17
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1951
  • Tax Year: 2022
  • Directions: North on 7th St to Apache, East on Apache to 741 E Apache!
  • Road Surface Type: Dedicated Street, Sidewalk(s)
  • Subdivision Name: ADORABLE HOMES
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Wood
  • Appliances: Free-Standing Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Window/Wall Unit
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 115-45-069

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water
  • Number Of Units Total: 2
  • Annual Operating Expense: 571.0

Tax Info

  • Tax Annual Amount: 571.0
  • Tax Block: 2
  • Tax Book Number: 115.00
  • Tax Lot: 29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Jan 2, 2024
Sold by
Hernandez Ostes and Hernandez Jasmin
Bought by
Alirezaei Haniyeh
Seller's Agent
Angelica Murrieta
HomeSmart
Buyer's Agent
Vera Kesto
My Home Group Real Estate
List Price
$399,900
Sold Price
$399,900
Views
29
Current Estimated Value
$290,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$109,176
Avg. Annual Appreciation
-12.73%
Original Mortgage
$379,050
Outstanding Balance
$373,328
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
-$56,090

Purchase Details

Listed on
Jun 16, 2022
Closed on
Jun 23, 2022
Sold by
Black Canyon Equity Llc
Bought by
Hernandez Ostes and Hernandez Jasmin
Seller's Agent
Victoria Bryant
HomeSmart
Buyer's Agent
Andrew Copp
New Western
List Price
$130,000
Sold Price
$152,500
Premium/Discount to List
$22,500
17.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
87.01%

Purchase Details

Listed on
Jun 16, 2022
Closed on
Jun 16, 2022
Sold by
Cortez Victor R
Bought by
Black Canyon Equity Llc
Seller's Agent
Victoria Bryant
HomeSmart
Buyer's Agent
Andrew Copp
New Western
List Price
$130,000
Sold Price
$152,500
Premium/Discount to List
$22,500
17.31%

Purchase Details

Closed on
Nov 20, 1995
Sold by
Serna Steeve J and Serna Maria
Bought by
Cortez Victor R

Purchase Details

Closed on
Jun 20, 1995
Sold by
Quezada Efren G and Quezada Maria Concepcion F
Bought by
Serna Steve J and Serna Maria

Purchase Details

Closed on
Jan 11, 1995
Sold by
Serna Steve J and Serna Maria L
Bought by
Quezada Efren G and Quezada Maria Concepcion F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,000
Interest Rate
9.16%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Alirezaei Haniyeh $399,000 First Integrity Title Agency O
Hernandez Ostes $169,900 First American Title
Black Canyon Equity Llc $152,500 First American Title
Cortez Victor R -- --
Serna Steve J -- Grand Canyon Title Agency In
Quezada Efren G $24,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alirezaei Haniyeh $379,050
Previous Owner Quezada Efren G $21,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2024 01/10/24 Sold $399,900 0.0% $478 / Sq Ft
11/08/2023 11/08/23 For Sale $399,900 0.0% $478 / Sq Ft
11/02/2023 11/02/23 Off Market $399,900 -- --
11/01/2023 11/01/23 Pending -- -- --
10/14/2023 10/14/23 For Sale $399,900 +162.2% $478 / Sq Ft
06/28/2022 06/28/22 Sold $152,500 +17.3% $203 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $130,000 -- $173 / 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 $530 $4,467 -- --
2024 $592 $4,255 -- --
2023 $592 $13,720 $2,740 $10,980
2022 $571 $9,850 $1,970 $7,880
2021 $566 $7,280 $1,450 $5,830
2020 $573 $5,880 $1,170 $4,710
2019 $572 $4,630 $920 $3,710
2018 $354 $4,120 $820 $3,300
2017 $346 $3,650 $730 $2,920
2016 $336 $3,080 $610 $2,470
2015 $311 $2,710 $540 $2,170
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Angelica Murrieta

    HomeSmart

  • Vera Kesto

    Buyer's Agent in 2024

    Vera Kesto

    My Home Group

    (480) 721-6865

    1 in this area

    11 Total Sales

    Vera Kesto
    Section Image
  • Victoria Bryant

    Seller's Agent in 2022

    Victoria Bryant

    HomeSmart

    (602) 953-4000

    1 in this area

    43 Total Sales

    Victoria Bryant
    Section Image
  • Somone Wilder

    Seller Co-Listing Agent in 2022

    Somone Wilder

    Jason Mitchell Real Estate

    (602) 696-7859

    6 in this area

    698 Total Sales

    Somone Wilder
    Section Image

  • A

    Buyer's Agent in 2022

    Andrew Copp

    New Western

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6617846

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-45-069

Arizona Maricopa County Phoenix 85034 Central City

741 E Apache St, Phoenix, AZ

This home is located at 741 E Apache St, Phoenix, AZ 85034 since 12 October 2023 and is currently estimated at $290,724, approximately $347 per square foot. This property was built in 1951. 741 E Apache St is a home located in Maricopa County with nearby schools including Silvestre Herrera School, North High School, and Phoenix Coding Academy.

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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