NOT LISTED FOR SALE

Estimated Value: $815,000 - $1,077,000

-- Bed
-- Bath
2,686 Sq Ft
$339/Sq Ft Est. Value

Last Sold April 15, 2018

Last sale price $820,000 $305 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,097/month

90 Days on Market

Highlights

  • Heated Community Pool
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Madison Heights Elementary School Rated A-

About This Home

As of April 2018

ABI Multifamily is pleased to announce the availability of 8 units at 7625 N 12th St in Phx, AZ, a rare mid-century modern opportunity in an A+ class location. Constructed of block construction and with a garden-style layout, this community has great curb appeal. A beautiful pool and backyards on select units make this a high-demand property with the opportunity to reposition to take advantage of the local change taking place in the community. The single-story community has frontage on 12th St and is within walking distance to the 7th St Corridor. This vibrant infill location and the surrounding neighborhood is right in the path of growth, causing rental rates to see quite the increase, which has also affected single-family homes as well. 7625 N 12th St is right next to entertainment... activity in Phoenix highlighted by the Biltmore Resort & Golf Course and the Biltmore Fashion Park. It is also next to two major employment centers that include a mix of retail, hospitality, and premier offices that serve the community. Also, just a five-minute walk from the property is The Orchard, a gourmet market and cafe located in a historic Phoenix ranch home, which include Phoenix's most authentic restaurants Luci's, Pomelo, and Splurge Ice Cream.

Last Agent to Sell the Property

Ryan Smith

ZENDOOR License #BR659309000 Listed on: 01/06/2018

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,776

Year Built

  • Built in 1958

Lot Details

  • Additional Parcels

Home Design

  • Stucco

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Assessor Parcel Number 160-22-091-A

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are IRR
  • Twelfth Street Park Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $15,992

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,776

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 12th St & Northern
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Mulit
  • Number Of Buildings: 2
  • Year Built: 1958
  • Tax Year: 2017
  • Directions: South on 12th st, complex is on the left.
  • Road Surface Type: Asphalt
  • Subdivision Name: TWELFTH STREET PARK
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Community Amenities:Pool2: Yes

Lot Info

  • Lot Size: IRR
  • Additional Parcels: Yes
  • Parcel #: 160-22-091-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 9016.0
  • Insurance Expense: 1400.0
  • Maintenance Expense: 2800.0
  • Annual Operating Expense: 15992.0

Tax Info

  • Tax Annual Amount: 2776.0
  • Tax Book Number: 160.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2021
Sold by
Apmsf Holdings 1 Llc
Bought by
Sumiko Holdings 2 Llc
Current Estimated Value
$910,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,295,000
Outstanding Balance
$882,312
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$5,355

Purchase Details

Closed on
Sep 30, 2020
Sold by
Jersey Nine Llc
Bought by
Apmsf Holdings 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 6, 2018
Closed on
Apr 13, 2018
Sold by
Trison Ii Investment Group Llc
Bought by
Jersey Nine Llc
Seller's Agent
Ryan Smith
ZENDOOR
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$900,000
Sold Price
$820,000
Premium/Discount to List
-$80,000
-8.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.08%

Purchase Details

Closed on
Sep 29, 2016
Sold by
Noelke Frederick J and Noelke Hali A
Bought by
Trison Ii Investment Group Llc

Purchase Details

Closed on
Apr 11, 2007
Sold by
Barlow Ryan T
Bought by
Noelke Frederick J and Noelke Hali A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,400
Interest Rate
6.14%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 20, 2004
Sold by
Barlow Anabelle
Bought by
Barlow Ryan T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,235
Interest Rate
8.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2004
Sold by
Cfa Properties Llc
Bought by
Barlow Ryan T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,235
Interest Rate
8.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2004
Sold by
Cfa Properties Llc
Bought by
Barlow Ryan T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,235
Interest Rate
8.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2003
Sold by
Avila Frank M and Avila Connie B
Bought by
Cfa Properties Llc

Purchase Details

Closed on
Jan 14, 2003
Sold by
Schutz Michael
Bought by
Avila Frank M and Avila Constance B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.96%
Mortgage Type
New Conventional
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
Sumiko Holdings 2 Llc $1,850,000 American Title Svc Agcy Llc
Apmsf Holdings 1 Llc $1,200,000 American Title Svc Agcy Llc
Jersey Nine Llc $820,000 Thomas Title & Escrow
Trison Ii Investment Group Llc -- None Available
Noelke Frederick J $384,000 Chicago Title Insurance Comp
Barlow Ryan T -- --
Barlow Ryan T -- --
Barlow Ryan T $221,300 --
Barlow Ryan T $221,300 --
Cfa Properties Llc -- --
Avila Frank M $192,500 Westland Title Agency Of Az
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sumiko Holdings 2 Llc $1,295,000
Previous Owner Apmsf Holdings Llc $236,000
Previous Owner Apmsf Holdings 1 Llc $1,000,000
Previous Owner Noelke Frederick J $311,400
Previous Owner Noelke Frederick J $38,400
Previous Owner Noelke Frederick J $307,200
Previous Owner Barlow Ryan $25,000
Previous Owner Barlow Ryan T $224,000
Previous Owner Barlow Ryan T $210,235
Previous Owner Barlow Ryan T $210,235
Previous Owner Avila Frank M $154,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2018 04/15/18 Sold $820,000 -8.9% $305 / Sq Ft
04/05/2018 04/05/18 Pending -- -- --
03/05/2018 03/05/18 For Sale $900,000 0.0% $335 / Sq Ft
03/05/2018 03/05/18 Price Changed $900,000 0.0% $335 / Sq Ft
02/21/2018 02/21/18 Price Changed $900,000 0.0% $335 / Sq Ft
02/01/2018 02/01/18 Pending -- -- --
01/05/2018 01/05/18 For Sale $900,000 -- $335 / 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 $1,628 $13,110 -- --
2024 $1,585 $12,485 -- --
2023 $1,585 $53,570 $10,710 $42,860
2022 $1,537 $37,170 $7,430 $29,740
2021 $1,551 $34,330 $6,860 $27,470
2020 $1,527 $26,830 $5,360 $21,470
2019 $1,493 $23,360 $4,670 $18,690
2018 $1,456 $20,170 $4,030 $16,140
2017 $1,388 $16,100 $3,220 $12,880
2016 $1,340 $13,720 $2,740 $10,980
2015 $1,244 $11,950 $2,390 $9,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5705144

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-22-091A