NOT LISTED FOR SALE

Estimated Value: $173,000 - $928,000

Studio
5 Baths
1,000 Sq Ft
$704/Sq Ft Est. Value

Last Sold October 10, 2023

Last sale price $825,000 $825 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $3,804/month

81 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of October 2023

This boutique apartment community consists of 5 units: (1) studio and (4) 1-bed / 1-bath units. Each unit has been fully renovated through interior and exterior upgrades. The interior renovations include in-suite washers & dryers, new countertops, stainless steel appliances, new cabinets, updated bathrooms, vinyl flooring, and more.

908 East Turney Avenue is located just off 7th street which has seen a major revitalization over the last few years with new developments including brand new housing developments, hip restaurants, and retail shops. The residential neighborhood around 908 East Turney Avenue is home to young professionals and families.

Last Agent to Sell the Property

Mitchell Drake

ABI Multifamily License #SA675761000 Listed on: 07/18/2023

Last Buyer's Agent

Andrew Arambula

ABI Multifamily License #SA688881000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,384

Year Built

  • Built in 1947

Lot Details

  • 0.42

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 10 Open Parking Spaces
  • 30 Parking Spaces
  • 20 Covered Spaces

Utilities

  • Cooling Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Tax Lot 12
  • Assessor Parcel Number 155-19-004

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Building Dimensions are 18,303
  • Carolyn Place Lot 1 9, 46 54 Subdivision

Building Details

  • Operating Expense $1,384
  • Gross Income $79,717
  • Net Operating Income $51,396

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,384

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1947
  • Tax Year: 2022
  • Road Surface Type: Gravel, Asphalt
  • Subdivision Name: CAROLYN PLACE LOT 1-9, 46-54
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 20.0
  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 30.0
  • General Property Description:Covered Parking Spcs: 20.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling Y N: Yes
  • Water Source: Master Meter
  • Heating:Central: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 18,303
  • Additional Parcels: No
  • Parcel #: 155-19-004

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 5
  • Annual Gross Income: 79717.0
  • Property Net Operating Income: 51396.0
  • Annual Operating Expense: 1384.0

Tax Info

  • Tax Annual Amount: 1384.0
  • Tax Book Number: 155.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2023
Closed on
Oct 10, 2023
Sold by
908 E Turney Llc
Bought by
Dagok Hadley Llc and Dagok Portland Llc
Seller's Agent
Mitchell Drake
ABI Multifamily
Buyer's Agent
Andrew Arambula
ABI Multifamily
List Price
$975,000
Sold Price
$825,000
Premium/Discount to List
-$150,000
-15.38%
Views
14
Current Estimated Value
$703,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$121,239
Avg. Annual Appreciation
-6.85%
Original Mortgage
$495,000
Outstanding Balance
$485,467
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$218,294

Purchase Details

Closed on
Jun 21, 2021
Sold by
Dpax2 Llc
Bought by
908 E Turney Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 8, 2018
Closed on
Jul 16, 2018
Sold by
Britaz Properties Turney Llc
Bought by
Dpax2 Llc
Seller's Agent
Vince Zerilli
West USA Realty
Buyer's Agent
James Wehner
West USA Realty
List Price
$330,000
Sold Price
$330,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.67%

Purchase Details

Closed on
Dec 18, 2014
Sold by
Garetson Thomas
Bought by
Britaz Properties Turney Llc

Purchase Details

Listed on
May 27, 2014
Closed on
Jun 4, 2014
Sold by
Hargreaves Kimberley
Bought by
Garetson Thomas
Seller's Agent
Vince Zerilli
West USA Realty
Buyer's Agent
William Nager
My Home Group Real Estate
List Price
$140,000
Sold Price
$145,000
Premium/Discount to List
$5,000
3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.67%

Purchase Details

Closed on
May 26, 2011
Sold by
Banovac William D and Banovac Catherine J
Bought by
Concreti Llc

Purchase Details

Closed on
Nov 23, 2009
Sold by
Bank 1440
Bought by
Banovac William D and Banovac Catherine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 2009
Sold by
Callis D Michael and Callis Marsha L
Bought by
Bank 1440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2008
Sold by
Callis D Michael and Callis Marsha L
Bought by
Callis D Michael and Callis Marsha L

Purchase Details

Closed on
Feb 27, 2008
Sold by
Domantas David J and Interbay Funding Llc
Bought by
Callis Michael and Callis Marsha

Purchase Details

Closed on
Jul 23, 2004
Sold by
Callis D Michael and Callis Marsha L
Bought by
Domantas David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,250
Interest Rate
6.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 25, 2002
Sold by
Franklin Brian
Bought by
Callis D Michael and Callis Marsha L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
5.78%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 1998
Sold by
Beltran Marcus F and Beltran Mary A
Bought by
Franklin Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,750
Interest Rate
7.13%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 1996
Sold by
Mcleland Tiffani
Bought by
Beltran Marcus F and Beltran Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
8.07%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 1996
Sold by
Lipow Irene M
Bought by
Lipow Joseph H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
8.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 1996
Sold by
B A D Investments Inc
Bought by
Beltran Marcus F and Beltran Mary A

Purchase Details

Closed on
Feb 14, 1996
Sold by
Chapple Benjamin R and Chapple Veronica I
Bought by
B A D Investments Inc
Source: Public Records
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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
Dagok Hadley Llc $825,000 Commonwealth Land Title
908 E Turney Llc $575,000 Chicago Title Agency Inc
Dpax2 Llc $330,000 Pioneer Title Agency Inc
Britaz Properties Turney Llc -- Accommodation
Garetson Thomas -- Security Title Agency
Garetson Thomas $145,000 Security Title Agency
Concreti Llc $94,000 Clear Title Agency Of Arizon
Banovac William D $80,000 Lawyers Title Of Arizona Inc
Bank 1440 -- Fidelity National Title
Callis D Michael -- Capital Title Agency Inc
Callis Michael $165,100 First American Title
Domantas David J $237,500 Capital Title Agency Inc
Callis D Michael $126,000 Capital Title Agency Inc
Franklin Brian $57,000 Capital Title Agency
Beltran Marcus F -- Security Title Agency
Mcleland Tiffani -- Security Title Agency
Lipow Joseph H -- Security Title Agency
Beltran Marcus F $15,000 United Title Agency
B A D Investments Inc $38,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dagok Hadley Llc $495,000
Previous Owner 908 E Turney Llc $431,250
Previous Owner Banovac William D $80,000
Previous Owner Domantas David J $166,250
Previous Owner Callis D Michael $129,500
Previous Owner Franklin Brian $42,750
Previous Owner Beltran Marcus F $35,000
Closed Domantas David J $33,225
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2023 10/10/23 Sold $825,000 -15.4% $825 / Sq Ft
07/18/2023 07/18/23 For Sale $975,000 +195.5% $975 / Sq Ft
07/19/2018 07/19/18 Sold $330,000 0.0% $330 / Sq Ft View Prior Sale
06/08/2018 06/08/18 For Sale $330,000 +127.6% $330 / Sq Ft
06/25/2014 06/25/14 Sold $145,000 +3.6% $145 / Sq Ft View Prior Sale
05/30/2014 05/30/14 Pending -- -- --
05/27/2014 05/27/14 For Sale $140,000 -- $140 / 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 $1,491 $11,481 -- --
2024 $1,392 $10,934 -- --
2023 $1,392 $52,430 $10,480 $41,950
2022 $1,384 $35,410 $7,080 $28,330
2021 $1,408 $31,250 $6,250 $25,000
2020 $1,372 $26,820 $5,360 $21,460
2019 $1,312 $23,700 $4,740 $18,960
2018 $1,269 $18,510 $3,700 $14,810
2017 $1,165 $18,760 $3,750 $15,010
2016 $1,124 $14,210 $2,840 $11,370
2015 $1,045 $11,150 $2,230 $8,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6581735

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-19-004