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Seller's Agent in 2021
Tim Morris
HomeSmart
901 S 2nd Ave Phoenix, AZ 85003
Central City NeighborhoodEstimated Value: $686,000 - $771,009
Studio
--
Bath
2,590
Sq Ft
$283/Sq Ft
Est. Value
Highlights
- Cooling Available
- Heating Available
- 3-minute walk to Grant Park
- Phoenix Coding Academy Rated A
About This Home
As of December 2021Come see this completely renovated, 8 unit cash-flowing property (two separate parcels - residential financing available). Selling at over a 5 Cap on actuals and being located in one of the most high demand neighborhoods in Phoenix, this won't last long. These 2 bed/1 bath units have been fully renovated with laundry hookups. This neighborhood is on fire with new build construction, the expansion of the light rail system, and the Alta Warehouse project just feet away. Walk into downtown and enjoy all of the wonderful dining and entertainment options that make Phoenix so great. Residential Financing available. New roof on 905. 6 of 8 AC units have been replaced recently, the other two are in good, working condition. This stabilized asset is one you won't want to miss.
Last Agent to Sell the Property
ABI Multifamily License #SA660047000 Listed on: 11/05/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,980
Year Built
- Built in 1984
Lot Details
- Additional Parcels
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 1
- Assessor Parcel Number 112-24-063
Community Details
Overview
- 2 Buildings
- 8 Units
- Building Dimensions are unknown
Building Details
- Operating Expense $1,980
- Gross Income $101,326
- Net Operating Income $91,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 5, 2021
Closed on
Dec 20, 2021
Sold by
Elite 8 Llc
Bought by
Meyer Karl and Meyer Marta
Seller's Agent
Tyler Bruggman
ABI Multifamily
Buyer's Agent
Tyler Bruggman
ABI Multifamily
List Price
$1,475,000
Sold Price
$1,500,000
Premium/Discount to List
$25,000
1.69%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$766,748
Avg. Annual Appreciation
-15.53%
Original Mortgage
$637,500
Outstanding Balance
$582,705
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$150,547
Purchase Details
Listed on
May 29, 2021
Closed on
Aug 4, 2021
Sold by
Bruggman Curtis J
Bought by
Elite 8 Llc
Seller's Agent
Tim Morris
HomeSmart
Buyer's Agent
Colin Kreager
ABI Multifamily
List Price
$586,500
Sold Price
$586,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
705.89%
Original Mortgage
$439,875
Interest Rate
2.93%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 29, 2021
Closed on
Jul 13, 2021
Sold by
Morris Thomas and Morris Susan
Bought by
Bruggman Curtis J
Seller's Agent
Tim Morris
HomeSmart
Buyer's Agent
Colin Kreager
ABI Multifamily
List Price
$586,500
Sold Price
$586,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,875
Interest Rate
2.93%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 21, 2016
Closed on
Jan 12, 2017
Sold by
The Felix Family Trust and Felix Eduardo
Bought by
Morris Thomas and Morris Susan
Seller's Agent
Robert Passariello
Realty Executives Arizona Territory
Buyer's Agent
Tim Morris
HomeSmart
List Price
$193,000
Sold Price
$190,000
Premium/Discount to List
-$3,000
-1.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.61%
Original Mortgage
$250,000
Interest Rate
4.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 5, 2007
Sold by
Felix Eduardo and Yorba Felix Jeanette
Bought by
Felix Eduardo and Yorba Felix Jeanette
Purchase Details
Closed on
Dec 15, 2004
Sold by
Newlund Dean and Newlund Joanne E
Bought by
Felix Eduardo and Yorba Felix Jeannette
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 4, 2003
Sold by
Domele Leroy M and Domele Margaret A
Bought by
Newlund Dean and Newlund Joanne E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,740
Interest Rate
8.12%
Purchase Details
Closed on
Aug 25, 2000
Sold by
Wince David N and Wince Barbara
Bought by
Domele Leroy M and Domele Margaret A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
8.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 10, 2000
Sold by
Al Kepko Ltd
Bought by
Wince David N and Wince Barbara
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
8.06%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 11, 1997
Sold by
London Wallace J
Bought by
Al Kepko Ltd
Purchase Details
Closed on
Apr 27, 1995
Sold by
Mortgage Service America Co
Bought by
London Wallace J
Purchase Details
Closed on
Apr 3, 1995
Sold by
Federal National Mortgage Association
Bought by
Mortgage Service America Company
Purchase Details
Closed on
Dec 8, 1994
Sold by
Fical Financial Inc
Bought by
Federal National Mortgage Association
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Meyer Karl | $750,000 | Driggs Title Agency Inc | |
| Elite 8 Llc | -- | Accommodation | |
| Bruggman Curtis J | $586,500 | Pioneer Title Agency Inc | |
| Morris Thomas | $190,000 | Chicago Title Agency Inc | |
| Felix Eduardo | -- | None Available | |
| Felix Eduardo | $210,000 | Arizona Title Agency Inc | |
| Newlund Dean | $158,600 | Transnation Title Insurance | |
| Domele Leroy M | $115,000 | Fidelity National Title | |
| Wince David N | $90,000 | Stewart Title & Trust | |
| Al Kepko Ltd | -- | -- | |
| London Wallace J | $10,900 | Lawyers Title | |
| Mortgage Service America Company | -- | Lawyers Title | |
| Federal National Mortgage Association | -- | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Meyer Karl | $637,500 | |
| Previous Owner | Bruggman Curtis J | $439,875 | |
| Previous Owner | Morris Thomas | $250,000 | |
| Previous Owner | Felix Eduardo | $157,500 | |
| Previous Owner | Newlund Dean | $142,740 | |
| Previous Owner | Domele Leroy M | $103,500 | |
| Previous Owner | Wince David N | $81,000 | |
| Closed | Felix Eduardo | $31,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/21/2021 12/21/21 | Sold | $1,500,000 | +1.7% | $579 / Sq Ft | |
| 11/05/2021 11/05/21 | For Sale | $1,475,000 | +151.5% | $569 / Sq Ft | |
| 07/09/2021 07/09/21 | Sold | $586,500 | 0.0% | $226 / Sq Ft | View Prior Sale |
| 05/31/2021 05/31/21 | Pending | -- | -- | -- | |
| 05/29/2021 05/29/21 | For Sale | $586,500 | +208.7% | $226 / Sq Ft | |
| 01/16/2017 01/16/17 | Sold | $190,000 | -1.6% | $73 / Sq Ft | View Prior Sale |
| 12/02/2016 12/02/16 | Pending | -- | -- | -- | |
| 10/18/2016 10/18/16 | For Sale | $193,000 | -- | $75 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $1,110 | $7,812 | -- | -- |
| 2024 | $1,035 | $7,440 | -- | -- |
| 2023 | $1,035 | $32,600 | $6,520 | $26,080 |
| 2022 | $998 | $24,630 | $4,920 | $19,710 |
| 2021 | $990 | $19,170 | $3,830 | $15,340 |
| 2020 | $1,002 | $15,570 | $3,110 | $12,460 |
| 2019 | $1,000 | $13,770 | $2,750 | $11,020 |
| 2018 | $983 | $10,370 | $2,070 | $8,300 |
| 2017 | $960 | $10,210 | $2,040 | $8,170 |
| 2016 | $933 | $8,480 | $1,690 | $6,790 |
| 2015 | $863 | $8,400 | $1,680 | $6,720 |
Source: Public Records
Agents Affiliated with this Home
-
-
Tyler Bruggman
Seller's Agent in 2021
Tyler Bruggman
ABI Multifamily
(480) 353-6234
6 in this area
18 Total Sales
-
Colin Kreager
Buyer's Agent in 2021
Colin Kreager
ABI Multifamily
(602) 714-1400
5 in this area
22 Total Sales
-
Robert Passariello
Seller's Agent in 2017
Robert Passariello
Realty Executives
(480) 998-0676
4 in this area
12 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6317122
APN: 112-24-063
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.
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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