NOT LISTED FOR SALE
1 Bed
1 Bath
474 Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: May 16, 2014

Last sale price $195,000 $411 Per Sq Ft

5 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of May 2014

The Roosevelt Apartments consist of 5 Studios (approx 300 sf) and 2 one-bedroom
(approx 487 sf) apartments made of steel & wood frame construction with a flat
roof. The property has covered entry ways with low-cost desert landscaping.
The property is located on Roosevelt, just east of 9th street. This is a high rental demand
area close to shopping, restaurants, employment opportunities and public
transportation. The property is also in close proximity to the 10 Freeway and just
east of Downtown Phoenix.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 04/27/2014

Coldwell Banker Commercial Realty

Last Buyer's Agent

Jared Piper

My Home Group Real Estate License #SA644292000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,098

Year Built

  • Built in 1976

Lot Details

  • 7,405

Home Design

  • Wood Frame Construction

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 3
  • Assessor Parcel Number 116-32-082-A

Community Details

Overview

  • 7 Units
  • Building Dimensions are 0

Building Details

  • Gross Income $31,050
  • Net Operating Income $16,328

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,098

Year Built

Built in 1976

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Cross Street: Roosevelt and 9th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Year Built: 1976
  • Tax Year: 2013
  • Road Surface Type: Treated
  • Professional Management Expense: 2500.0
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 4500.0

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 116-32-082-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 7
  • Annual Gross Income: 31050.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 3500.0
  • Property Net Operating Income: 16328.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1098.0
  • Tax Book Number: 116.00
  • Tax Lot: 3

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
Oct 14, 2014
Sold by
Bought by

Purchase Details

Listed on
Apr 27, 2014
Closed on
May 8, 2014
Sold by
Bought by
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Jared Piper
My Home Group Real Estate
List Price
$229,000
Sold Price
$195,000
Premium/Discount to List
-$34,000
-14.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
0.0438%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2012
Sold by
Bought by

Purchase Details

Closed on
Apr 27, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
0.0484%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 10, 2004
Sold by
Bought by

Purchase Details

Closed on
May 20, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,354
Interest Rate
0.0686%
Mortgage Type
Assumption
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

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 Buyer Sale Price Title Company
-- None Available
$195,000 Pioneer Title Agency Inc
$112,000 American Title Service Agenc
$105,000 Chicago Title Insurance Co
-- None Available
$92,555 Capital Title Agency Inc
$125,000 Old Republic Title Agency
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $250,000
Previous Owner $160,000
Previous Owner $70,000
Previous Owner $57,354
Source: Public Records

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
05/16/2014 05/16/14 Sold $195,000 -14.8% $411 / Sq Ft
05/02/2014 05/02/14 Pending -- -- --
04/27/2014 04/27/14 For Sale $229,000 -- $483 / 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
2025 $1,763 $12,408
2024 $1,643 $11,818
2023 $1,643 $55,260 $11,050 $44,210
2022 $1,585 $38,560 $7,710 $30,850
2021 $1,573 $32,500 $6,500 $26,000
2020 $1,591 $30,250 $6,050 $24,200
2019 $1,588 $21,780 $4,350 $17,430
2018 $1,562 $21,760 $4,350 $17,410
2017 $1,525 $15,400 $3,080 $12,320
2016 $1,481 $12,580 $2,510 $10,070
2015 $1,371 $11,650 $2,330 $9,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5106656

Arizona Regional Multiple Listing Service (ARMLS)
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