NOT LISTED FOR SALE

Estimated Value: $778,000 - $961,000

4 Beds
-- Bath
1,918 Sq Ft
$459/Sq Ft Est. Value

Last Sold July 06, 2021

Last sale price $680,000 $355 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,792/month

141 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of July 2021

Gorgeously & Extensively Updated 4 Bed, 2 bath Duplex in Coveted Roosevelt Historic Neighborhood! Historical Integrity, with Modern Amenities! Treat Home as Duplex (Live in One, Rent the Other) OR Easily Transform into a 4Bd, 2Ba Single Family Home! Both Units Boast: 2 New AC Units, Tankless Water Heaters, Updated Cabinetry, Restored Baths, Refinished Original Wood Floors, Refinished Fireplaces & Built Ins, New Texture, New Paint, New Calcutta Quartz, Restored Original Doors, Period Hardware. Bathrooms Have New Subway Tiled Tub/ Showers, Original Hexagon Tile Floors. Rear Yard is Expansive & Full of Possibilities. Utilities are separately metered. Dream Down Town Location, Minutes Walk from Margaret T Hance Park, Japanese Friendship Garden, Shopping & Foodie's Dream Dining! Click More - Margaret T Hance Park & Picnic Area! The park, which is home to the Japanese Friendship Garden, Burton Barr Central Library, Phoenix Center for the Arts, Irish Cultural Center, Hance Dog Park
and more.

The Highly-anticipated upgrades to the park are estimated to be priced at $100 million, which will most likely be completed in multiple phases. Upgrades to the Park also includes: an amphitheater, jogging loop, skate park, and interactive water feature. That's in addition to a designated food truck area and several eateries, including a former fire station turned into a restaurant.

There are many phases of these updates to the Margaret T Hance Park that will continue to be completed. Project planners hope to double the number of trees in the park and add more shade structures and public art.

Do NOT miss this rare opportunity to own on the Esteemed Roosevelt Historical District ON WILLETTA! You'll be hard pressed to find a BETTER Central Corridor Home/ Location!


Details of the Margaret T Hance Park were taken from many articles, but particularly from "Arcadia News" : http://www.arcadianews.com/local_news_and_features/margaret-t-hance-park-revitalization-study-is-underway/article_0197ff1e-aa4b-11e8-8e32-97530c3f3d04.html

Last Agent to Sell the Property

Georgi Stratton

Realty ONE Group License #BR638257000 Listed on: 02/01/2021

Realty ONE Group

Last Buyer's Agent

Belinda Butler Li

My Home Group Real Estate License #SA670656000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,279

Year Built

  • Built in 1922

Lot Details

  • 10,803

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Free Parking
  • Paved Parking
  • On-Street Parking

Schools

  • Kenilworth Elementary School
  • Central High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 71
  • Assessor Parcel Number 111-33-109

Community Details

Overview

  • 2 Units
  • Building Dimensions are 10780
  • Chelsea Place Subdivision

Building Details

  • Operating Expense $2,279

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,279

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Cross Street: 7th Ave & McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1922
  • Tax Year: 2020
  • Directions: South on Mcdowell to Willetta. East on Willetta Past 3rd Ave. Home will be on your left. 2 blocks north of Hance Dog Park, Japanese Friendship Gardens, & Margaret T Hance Park & Picnic Area!
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: CHELSEA PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Natural Gas: Yes

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 10780
  • Additional Parcels: No
  • Parcel #: 111-33-109

Multi Family

  • Owner Pays: None
  • Tenant Pays: See Remarks
  • Number Of Units Total: 2
  • Annual Operating Expense: 2279.0

Tax Info

  • Tax Annual Amount: 2279.0
  • Tax Book Number: 111.00
  • Tax Lot: 71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2021
Closed on
Jun 15, 2021
Sold by
Ram Family Holdings Lllp
Bought by
Moore Minea
Seller's Agent
Georgi Stratton
Realty ONE Group
Buyer's Agent
Belinda Butler Li
My Home Group Real Estate
List Price
$699,000
Sold Price
$680,000
Premium/Discount to List
-$19,000
-2.72%
Current Estimated Value
$843,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,182
Avg. Annual Appreciation
4.88%
Original Mortgage
$510,000
Outstanding Balance
$466,740
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$360,749

Purchase Details

Closed on
Sep 1, 2003
Sold by
Melikian Robert A
Bought by
Ram Family Holdings Lllp

Purchase Details

Closed on
Feb 21, 1997
Sold by
Melikian Robert A
Bought by
Melikian Robert A and The R A M Living Trust
Source: Public Records

Range of Values:

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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
Moore Minea $680,000 Lawyers Title Of Arizona Inc
Ram Family Holdings Lllp -- --
Melikian Robert A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Minea $510,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2021 07/06/21 Sold $680,000 -2.7% $355 / Sq Ft
05/28/2021 05/28/21 For Sale $699,000 0.0% $364 / Sq Ft
05/28/2021 05/28/21 Price Changed $699,000 +2.8% $364 / Sq Ft
04/28/2021 04/28/21 Off Market $680,000 -- --
01/31/2021 01/31/21 For Sale $659,000 -- $344 / 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 $2,376 $17,771 -- --
2024 $2,353 $16,924 -- --
2023 $2,353 $44,150 $8,830 $35,320
2022 $2,270 $35,680 $7,130 $28,550
2021 $2,253 $35,620 $7,120 $28,500
2020 $2,279 $29,710 $5,940 $23,770
2019 $2,275 $27,970 $5,590 $22,380
2018 $2,236 $25,130 $5,020 $20,110
2017 $2,184 $25,280 $5,050 $20,230
2016 $2,122 $22,550 $4,510 $18,040
2015 $1,963 $17,810 $3,560 $14,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6188228

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-33-109