NOT LISTED FOR SALE
Studio
-- Baths
3,900 Sq Ft
1944 Built

Sale Details

Date Sold: December 3, 2018

Last sale price $885,000 $227 Per Sq Ft

153 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Desert Landscape
  • Heating Available
  • Longview Elementary School Rated 9+

About This Home

As of December 2018

Roma is a 13-unit garden-style apartment community located in a desirable central Phoenix location. The property is situated on Roma Avenue just east of 7th Street and adjacent to Steel Indian School Park. Built in 1944, the property is made of block construction with built-up roofs and is individually-metered for electricity. The unit mix consists of studio, one, two and three-bedroom floor plans that are spacious, well designed and range in size from ±400 SF to ±1,050 SF. Several of the units have been renovated and include new white shaker-style cabinetry, fully appointed kitchens, vertical blinds, faux-wood vinyl flooring, ceiling fans, re-faced bathroom vanities with premium lighting, ceramic tile shower surrounds and low-flow toilets.

Last Agent to Sell the Property

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 05/09/2018

Last Buyer's Agent

Brook Miller

RE/MAX Fine Properties License #BR533974000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,017

Year Built

  • Built in 1944

Lot Details

  • Desert Landscape
  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Vertical Blinds
  • Ceramic Tile Flooring

Parking

  • 13 Open Parking Spaces
  • 13 Parking Spaces
  • Parking Available

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer, trash collection
  • Tax Lot 20
  • Assessor Parcel Number 155-19-067

Community Details

Overview

  • 9 Buildings
  • 13 Units
  • Building Dimensions are 200' x 230'
  • Laveta Place Lots 1 13, 15 28 Subdivision

Building Details

  • Operating Expense $2,017
  • Gross Income $115,562
  • Net Operating Income $62,254

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,017

Year Built

Built in 1944

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: N. 7th Street and E. Roma Avenue
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 9
  • Ownership: Fee Simple
  • Year Built: 1944
  • Tax Year: 2322
  • Road Surface Type: Asphalt
  • Subdivision Name: LAVETA PLACE LOTS 1-13, 15-28
  • Const - Finish:Const - Finish: Painted, Stucco
  • Cooling:Cooling: Electric, Individual
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: Individual Meter
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Refrigerator, Dishwasher
  • Interior Features:Interior Features: Unfurnished, Vertical Blinds

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition
  • Exterior Amenities: Desert Landscaping

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 13.0
  • Total Parking Spaces: 13.0
  • Parking Features:Parking Features: 1 Space/Unit

Utilities

  • Electric: Individual Meter
  • Cooling: Electric, Varies by Unit
  • Heating: Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: No Pool

Lot Info

  • Lot Size: 200' x 230'
  • Additional Parcels: Yes
  • Parcel #: 155-19-067

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity
  • Number Of Units Total: 13
  • Annual Gross Income: 115561.6
  • Property Net Operating Income: 62254.0
  • Annual Operating Expense: 2017.0
  • Vacancy Allowance Rate: 0.12

Tax Info

  • Tax Annual Amount: 2017.0
  • Tax Book Number: 155.0
  • Tax Lot: 20

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

Closed on
Apr 4, 2022
Sold by
Roma Meadows Llc
Bought by

Purchase Details

Closed on
Oct 15, 2021
Sold by
Fen Investments Inc
Bought by
Roma Meadows Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2017
Sold by
Roma Encanto Lp
Bought by
Kaura Rajeev Kumar and Kaura Silvia Devi

Purchase Details

Closed on
Mar 14, 2017
Sold by
Coligo Group Inc
Bought by
Roma Encanto Limited Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,000
Interest Rate
4.19%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 11, 2012
Sold by
Messors Group Llc
Bought by
Coligo Group Inc

Purchase Details

Closed on
Jun 28, 2011
Sold by
Bayview Loan Servicing Llc
Bought by
Messor Group Llc

Purchase Details

Closed on
Mar 12, 2008
Sold by
Gandc Corp
Bought by
Persons Gary B and Persons Carrie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 2005
Sold by
Kma Associates Llc
Bought by
Gandc Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,750
Interest Rate
5.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 6, 2005
Sold by
Cross Country Properties Inc
Bought by
Kma Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,750
Interest Rate
5.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 3, 2003
Sold by
Farley Eva Jewell
Bought by
Cross Country Properties Inc

Purchase Details

Closed on
Aug 6, 1999
Sold by
Loehnis Daniel J
Bought by
Bailard Properties Llc

Purchase Details

Closed on
Dec 10, 1998
Sold by
Erasmus Thomas G
Bought by
Loehnis Daniel J

Purchase Details

Closed on
Oct 30, 1998
Sold by
Loehnis Elizabeth Ann
Bought by
Loehnis Daniel J
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
12/03/2018 12/03/18 Sold $885,000 -6.8% $227 / Sq Ft
10/09/2018 10/09/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $950,000 0.0% $244 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $950,000 -- $244 / 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
2023 $1,515 $56,260 $10,670 $45,590
2022 $1,515 $37,120 $7,040 $30,080
2021 $1,515 $33,140 $6,280 $26,860
2020 $1,477 $28,630 $5,430 $23,200
2019 $1,413 $25,180 $4,770 $20,410
2018 $1,366 $19,650 $3,720 $15,930
2017 $1,254 $19,470 $3,690 $15,780
2016 $1,210 $15,290 $2,900 $12,390
2015 $1,125 $12,090 $2,290 $9,800
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5763431

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-19-067

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