NOT LISTED FOR SALE

918 W Mcdowell Rd Phoenix, AZ 85007

North Encanto Neighborhood

Estimated Value: $680,683 - $869,000

-- Bed
-- Bath
2,376 Sq Ft
$333/Sq Ft Est. Value

Last Sold July 02, 2019

Last sale price $435,000 $183 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $4,374/month

5 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of July 2019

Extraordinary multi family opportunity in the heart of Central Phoenix in trendy Encanto Palmcroft. This fourplex features four large 1 bedroom units with travertine flooring and private washer/dryers. The property has gated entry, a gorgeous courtyard with lots of opportunity (pool?) and ample parking. All tenants are month-to-month, a few have been there for years. This property provides the an investor with an attractive VALUE ADD OPPORTUNITY thru interior improvements and may be a great opportunity for vacation rentals based on location.

Please do not disturb tenants.

Last Agent to Sell the Property

Patrick O'Sullivan

Get Multifamily License #BR634211000 Listed on: 06/08/2019

Last Buyer's Agent

Paul Schmidt

HomeSmart License #SA115860000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,464

Year Built

  • Built in 1950

Lot Details

  • 8,451

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking

Schools

  • Kenilworth Elementary School
  • Central High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 13
  • Assessor Parcel Number 111-09-013

Community Details

Overview

  • 4 Units
  • Building Dimensions are 130X66
  • Encanto Palmcroft Subdivision

Additional Features

  • Community Barbecue Grill
  • Operating Expense $1,464

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,464

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: MCDOWELL & 9TH AVE
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2018
  • Directions: Just a few blocks west of 7th Ave and McDowell, a few blocks north of I-10, and a few blocks south of Encanto Park.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Subdivision Name: Encanto Palmcroft
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes

Schools

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

Lot Info

  • Lot Size: 130X66
  • Additional Parcels: No
  • Parcel #: 111-09-013

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 1464.2

Tax Info

  • Tax Annual Amount: 1464.2
  • Tax Book Number: 111.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2019
Closed on
Jun 18, 2019
Sold by
Gaw Jack and Freedman David J
Bought by
Beppu Llc
Seller's Agent
Patrick O'Sullivan
Get Multifamily
Buyer's Agent
Paul Schmidt
HomeSmart
List Price
$435,000
Sold Price
$435,000
Current Estimated Value
$778,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,786
Avg. Annual Appreciation
10.26%

Purchase Details

Closed on
Jun 8, 2004
Sold by
Ellenberger Brian and Walker Jason
Bought by
Gaw Jack and Freedman 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
$224,000
Interest Rate
3.88%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 5, 2003
Sold by
Miller Daniel H
Bought by
Ellenberger Brian and Walker Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2002
Sold by
Schwarz Larry and Schwarz Larry L
Bought by
Miller Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
7.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 1999
Sold by
Hawk Della Jean
Bought by
Schwarz Larry and Schwarz Larry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
7.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 1994
Sold by
Burger Julietta M
Bought by
Hawk Della Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,707
Interest Rate
8.65%
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
Beppu Llc $435,000 First American Title Ins Co
Gaw Jack $280,000 Russ Lyon Title
Ellenberger Brian $240,000 Security Title Agency
Miller Daniel $215,000 First American Title
Schwarz Larry $145,000 Security Title Agency
Hawk Della Jean $100,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gaw Jack $158,000
Previous Owner Gaw Jack $224,000
Previous Owner Ellenberger Brian $180,000
Previous Owner Miller Daniel $172,000
Previous Owner Schwarz Larry $130,500
Previous Owner Hawk Della Jean $59,707
Closed Miller Daniel $43,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2019 07/02/19 Sold $435,000 0.0% $183 / Sq Ft
06/08/2019 06/08/19 For Sale $435,000 -- $183 / 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 $1,555 $11,630 -- --
2024 $1,540 $11,076 -- --
2023 $1,540 $53,800 $10,760 $43,040
2022 $1,486 $39,150 $7,830 $31,320
2021 $1,474 $35,780 $7,150 $28,630
2020 $1,491 $33,350 $6,670 $26,680
2019 $1,489 $22,920 $4,580 $18,340
2018 $1,464 $17,330 $3,460 $13,870
2017 $1,429 $16,020 $3,200 $12,820
2016 $1,389 $13,060 $2,610 $10,450
2015 $1,285 $10,400 $2,080 $8,320
Source: Public Records

Agents Affiliated with this Home

  • Patrick O'Sullivan

    Seller's Agent in 2019

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    29 Total Sales

    Section Image
  • Paul Schmidt

    Buyer's Agent in 2019

    Paul Schmidt

    HomeSmart

    (602) 690-0063

    37 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5937333

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-09-013

Arizona Maricopa County Phoenix 85007 North Encanto

918 W Mcdowell Rd, Phoenix, AZ

This home is located at 918 W Mcdowell Rd, Phoenix, AZ 85007 since 08 June 2019 and is currently estimated at $790,171, approximately $332 per square foot. This property was built in 1950. 918 W Mcdowell Rd is a home located in Maricopa County with nearby schools including Kenilworth Elementary School, Phoenix Coding Academy, and Central High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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