Lynette Clemens
Keller Williams Realty Sonoran Living
(833) 558-7589
151 Total Sales
1 in Central City
$650,000 Price
925 E Fairmount Ave Phoenix, AZ 85014
Central City NeighborhoodEstimated Value: $853,000 - $986,128
Studio
--
Bath
3,084
Sq Ft
$304/Sq Ft
Est. Value
Highlights
- Ceramic Tile Flooring
- Ceiling Fan
- Heat Pump System
- Longview Elementary School Rated 9+
About This Home
As of January 2024Are you looking for a lucrative investment property in the heart of Phoenix, AZ? Look no further! An exceptional 4-plex property at 925 E Fairmount Ave conveniently situated near Banner Hospital and boasting numerous upgrades.
Property Highlights:
Location, Location, Location: Nestled in a highly desirable area of Phoenix, this 4-plex property enjoys close proximity to Banner Hospital, making it a prime spot for potential tenants and a strong rental market.
Fully Occupied: All four units are currently fully occupied, ensuring a steady stream of rental income from day one. No need to worry about vacancies or turnover costs!
Recent Upgrades:** This property has been thoughtfully maintained and upgraded. Newer air conditioners and a newer roof provide peace of mind and reduce maintenance
Last Agent to Sell the Property
Gerchick Real Estate License #BR114848000 Listed on: 10/08/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,264
Year Built
- Built in 1977
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Carport
- Over 1 Space Per Unit
- Free Parking
Utilities
- Cooling Available
- Heat Pump System
- Individual Controls for Heating
- Master Water Meter
Listing and Financial Details
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 1
- Assessor Parcel Number 118-05-037-A
Community Details
Overview
- 4 Units
- Building Dimensions are irr
Building Details
- Operating Expense $13,555
- Gross Income $58,898
- Net Operating Income $45,382
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
Listed on
Oct 8, 2023
Closed on
Jan 30, 2024
Sold by
Bought by
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Trisha Smith
ProSmart Realty
List Price
$1,050,000
Sold Price
$950,000
Premium/Discount to List
-$100,000
-9.52%
Views
31
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
-$12,718
Avg. Annual Appreciation
-0.53%
Purchase Details
Closed on
Nov 28, 2018
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
$263,250
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 11, 2018
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
$263,250
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 3, 2003
Sold by
Bought by
Purchase Details
Closed on
Aug 6, 2003
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central City, AZ
-
Lynette Clemens
-
Christine Bayer
Christine Bayer
Bayer Realty
(623) 552-6186
35 Total Sales
1 in Central City
$639,000 Price
-
Jackie Briggs
Jackie Briggs
Locality Homes
(855) 927-1535
136 Total Sales
1 in Central City
$300,000 Price
-
Seyoue Sims
Seyoue Sims
eXp Realty
(623) 323-4926
135 Total Sales
1 in Central City
$336,500 Price
-
Anna Van Ham
Anna Van Ham
W and Partners, LLC
(949) 390-5466
38 Total Sales
4 in Central City
$390K - $590K Price Range
-
Tony C. Doan
Tony C. Doan
West USA Realty
(623) 257-8581
60 Total Sales
1 in Central City
$685,000 Price
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 |
|---|---|---|---|
| $950,000 | Empire Title Agency | ||
| -- | None Available | ||
| $351,000 | Equity Title Agency Inc | ||
| -- | Stewart Title & Tr Phoenix | ||
| $160,000 | Stewart Title & Tr Phoenix |
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 |
|---|---|---|---|
| Previous Owner | $263,250 |
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 |
|---|---|---|---|---|
| 01/30/2024 01/30/24 | Sold | $950,000 | -4.5% | $308 / Sq Ft |
| 01/17/2024 01/17/24 | Pending | -- | -- | -- |
| 11/02/2023 11/02/23 | Price Changed | $995,000 | -5.2% | $323 / Sq Ft |
| 10/08/2023 10/08/23 | For Sale | $1,050,000 | -- | $340 / 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 | $3,500 | $26,954 | ||
| 2024 | $3,268 | $25,670 | ||
| 2023 | $3,268 | $61,270 | $12,250 | $49,020 |
| 2022 | $3,249 | $47,920 | $9,580 | $38,340 |
| 2021 | $3,305 | $39,970 | $7,990 | $31,980 |
| 2020 | $3,221 | $30,170 | $6,030 | $24,140 |
| 2019 | $2,014 | $29,680 | $5,930 | $23,750 |
Source: Public Records
Agents Affiliated with this Home
-
Linda Gerchick
Seller's Agent in 2024
Linda Gerchick
Gerchick Real Estate
(602) 688-9279
7 in this area
92 Total Sales
-
Trisha Smith
T
Buyer's Agent in 2024
Trisha Smith
ProSmart Realty
(602) 909-7206
2 in this area
4 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6615379
APN: 118-05-037A
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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