NOT LISTED FOR SALE

Estimated Value: $509,841 - $773,000

1 Bed
-- Bath
1,170 Sq Ft
$569/Sq Ft Est. Value

Last Sold February 07, 2014

Last sale price $325,000 $278 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $3,785/month

67 Days on Market

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • 3-minute walk to Hu-O-Te Mini Park
  • Phoenix Coding Academy Rated A
  • Multiple Heating Units

About This Home

As of February 2014

Two charming duplexes conveniently located in the downtown Phoenix historic overlay. Minutes from the downtown A.S.U. campus, Chase Field, U.S. Airways Center, the art district, theaters, museums, and CityScape, Don't miss out on this fabulous investment opportunity. All units currently leased.

Last Agent to Sell the Property

Mark Messner

Superlative Realty License #SA648605000 Listed on: 10/23/2013

Superlative Realty

Last Buyer's Agent

David Klein

US Preferred Realty, Inc. License #SA541525000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $673

Year Built

  • Built in 1936

Lot Details

  • 10,019

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Concrete
  • Ceramic Tile

Parking

  • 7 Open Parking Spaces
  • 8 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking

Utilities

  • Multiple cooling system units
  • Central Air
  • Multiple Heating Units

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for water, sewer, landscaping
  • Tax Lot 1 & 3
  • Assessor Parcel Number 111-29-077

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are .23 acre
  • University Addition Subdivision

Building Details

  • Operating Expense $5,688
  • Gross Income $33,950
  • Net Operating Income $28,935

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$673

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Cross Street: 7th Ave & Roosevelt St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1936
  • Tax Year: 2013
  • Directions: 7th Ave and Roosevelt St. Two blocks west on Roosevelt to properties.
  • Road Surface Type: Asphalt
  • Subdivision Name: University Addition
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Wood, Concrete
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Central A/C
  • Heating: 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Trash Expense: 500.0
  • Annual Water Sewer Expense: 1200.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: .23 acre
  • Additional Parcels: No
  • Parcel #: 111-29-077

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 33950.0
  • Insurance Expense: 1800.0
  • Maintenance Expense: 700.0
  • Property Net Operating Income: 28935.0
  • Annual Operating Expense: 5688.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 673.0
  • Tax Book Number: 111.00
  • Tax Lot: 1 & 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2013
Closed on
Feb 6, 2014
Sold by
Salcido Gabriel and Fisketjon Ingrid
Bought by
Macleod Byron E
Seller's Agent
Mark Messner
Superlative Realty
Buyer's Agent
David Klein
US Preferred Realty, Inc.
List Price
$365,000
Sold Price
$325,000
Premium/Discount to List
-$40,000
-10.96%
Current Estimated Value
$676,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,036
Avg. Annual Appreciation
5.64%
Original Mortgage
$313,625
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 1, 2011
Sold by
Gs2 Llc
Bought by
Salcido Gabriel and Fisketjon Ingrid

Purchase Details

Closed on
May 18, 2009
Sold by
Fisketjon Ingrid and Salcido Gabriel
Bought by
Gs2 Llc

Purchase Details

Closed on
Jan 26, 2009
Sold by
Garcia Edward and Callahan Mavourneen O
Bought by
Gs2 and Fisketjon Salcido Ingrid

Purchase Details

Closed on
May 7, 2007
Sold by
Garcia Edward and Callahan Mavourneen O
Bought by
Gs2

Purchase Details

Closed on
Feb 19, 2007
Sold by
Fisketjon Ingrid and Salcido Gabriel
Bought by
Garcia Edward and Callahan Mavourneen

Purchase Details

Closed on
Jan 6, 2006
Sold by
Garcia Edward and Callahan Mavoorueen
Bought by
Fisketjon Tugrid and Salcido Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,950
Interest Rate
6.07%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 10, 2005
Sold by
Voight Wallace C
Bought by
Garcia Edward and Callahan Mavourneen O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,950
Interest Rate
6.07%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 30, 2003
Sold by
Mara Kathryn M
Bought by
Ocean Properties Llc

Purchase Details

Closed on
Mar 20, 2002
Sold by
Vela Juan and Vela Eva
Bought by
Mara Kathryn

Purchase Details

Closed on
Jun 8, 1994
Sold by
Hori Tsugio
Bought by
Vela Juan and Vela Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
8.56%
Mortgage Type
Seller Take Back
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
Macleod Byron E $325,000 Empire West Title Agency
Salcido Gabriel -- None Available
Gs2 Llc -- None Available
Gs2 -- None Available
Gs2 -- None Available
Garcia Edward -- None Available
Fisketjon Tugrid -- None Available
Garcia Edward $210,000 Chicago Title Insurance Co
Ocean Properties Llc -- --
Mara Kathryn $100,000 Capital Title Agency Inc
Vela Juan $34,500 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macleod Byron E $310,200
Closed Macleod Byron E $308,105
Closed Macleod Byron E $313,625
Previous Owner Garcia Edward $41,950
Previous Owner Garcia Edward $147,000
Previous Owner Vela Juan $27,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2014 02/07/14 Sold $325,000 -11.0% $278 / Sq Ft
12/29/2013 12/29/13 Pending -- -- --
10/23/2013 10/23/13 For Sale $365,000 -- $312 / 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 $990 $7,406 -- --
2024 $981 $7,053 -- --
2023 $981 $41,880 $8,370 $33,510
2022 $946 $29,200 $5,840 $23,360
2021 $939 $25,060 $5,010 $20,050
2020 $950 $23,250 $4,650 $18,600
2019 $948 $19,360 $3,870 $15,490
2018 $932 $14,830 $2,960 $11,870
2017 $910 $13,510 $2,700 $10,810
2016 $884 $12,110 $2,420 $9,690
2015 $818 $8,000 $1,600 $6,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5019603

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-29-077