938 E Amelia Ave Phoenix, AZ 85014
Estimated Value: $664,000 - $720,000
2
Beds
2
Baths
2,292
Sq Ft
$300/Sq Ft
Est. Value
Highlights
- Ceramic Tile Flooring
- Central Air
- Heating System Uses Natural Gas
- Phoenix Coding Academy Rated A
About This Home
As of May 2022Four units located in rapidly gentrifying Mid-Town Phoenix. Single Family Home in front of property with 3 Studio Units behind, sharing a courtyard. Value Add opportunity through continued interior & exterior renovations. All units are 100% occupied & rental rates posted are current. Owner pays all utilities. No showings until contract acceptance. Please see Semi-Private Remarks.
Last Agent to Sell the Property
ABI Multifamily License #SA688331000 Listed on: 04/05/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,653
Year Built
- Built in 1951
Lot Details
- 6,011
Home Design
- Brick Exterior Construction
- Wood Frame Construction
- Composition Roof
Flooring
- Ceramic Tile Flooring
Parking
- 2 Open Parking Spaces
- 3 Parking Spaces
- 1 Covered Space
- Paved Parking
- On-Street Parking
Utilities
- Central Air
- Heating System Uses Natural Gas
Listing and Financial Details
- The owner pays for electricity, trash collection, water, sewer, landscaping
- Legal Lot and Block 2 / 1
- Assessor Parcel Number 118-04-002
Community Details
Overview
- 3 Buildings
- 4 Units
- Building Dimensions are 6000
- Campbell Addition Subdivision
Building Details
- Operating Expense $2,653
- Gross Income $59,753
- Net Operating Income $43,845
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 17, 2023
Sold by
938 Amelia Llc
Bought by
Ysleta Investments Llc
Total Days on Market
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,800
Outstanding Balance
$598,058
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$90,487
Purchase Details
Closed on
Sep 15, 2022
Sold by
Ysleta Investments Llc
Bought by
938 Amelia Llc
Purchase Details
Closed on
May 13, 2013
Sold by
Paredes Richard
Bought by
New Horizon Real Estate Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.38%
Mortgage Type
Unknown
Purchase Details
Closed on
Apr 3, 2013
Sold by
Deutsche Bank Trust Company Americas
Bought by
Paredes Yogely
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.38%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 5, 2011
Sold by
Paredes Richard
Bought by
New Horizon Real Estate Investment Llc
Purchase Details
Closed on
Nov 19, 2010
Sold by
Paredes Yogely
Bought by
Paredes Richard
Purchase Details
Closed on
Nov 2, 2010
Sold by
Secretary Of Housing & Urban Development
Bought by
Paredes Yogely
Purchase Details
Closed on
Mar 2, 2010
Sold by
Bac Home Loans Servicing Lp
Bought by
The Secretary Of Housing & Urban Develop
Purchase Details
Closed on
Aug 19, 2005
Sold by
Brandes Richard A
Bought by
Brandes Richard A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 24, 2000
Sold by
Brandes Cynthia C and Brandes Cynthia Claire
Bought by
Brandes Richard A
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
8.38%
Similar Homes in Phoenix, AZ
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ysleta Investments Llc | -- | -- | |
| 938 Amelia Llc | -- | -- | |
| New Horizon Real Estate Investments Llc | -- | Fidelity National Title Agen | |
| Paredes Richard | -- | Fidelity National Title Agen | |
| Paredes Yogely | $44,900 | Chicago Title Company | |
| New Horizon Real Estate Investment Llc | -- | None Available | |
| Paredes Richard | -- | None Available | |
| Paredes Yogely | -- | Grand Canyon Title Agency | |
| The Secretary Of Housing & Urban Develop | -- | First American Title | |
| Bac Home Loans Servicing Lp | $281,082 | First American Title | |
| Brandes Richard A | -- | Ticor Title Agency Of Az Inc | |
| Brandes Richard A | -- | Arizona Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ysleta Investments Llc | $612,800 | |
| Previous Owner | New Horizon Real Estate Investments Llc | $250,000 | |
| Previous Owner | New Horizon Real Estate Investments Llc | $120,000 | |
| Previous Owner | New Horizon Real Estate Investments Llc | $120,000 | |
| Previous Owner | Paredes Yogely | $58,000 | |
| Previous Owner | New Horizon Real Estate Investments Llc | $130,000 | |
| Previous Owner | Brandes Richard A | $268,888 | |
| Previous Owner | Brandes Richard A | $264,915 | |
| Previous Owner | Brandes Richard A | $25,000 | |
| Previous Owner | Brandes Richard A | $190,000 | |
| Previous Owner | Brandes Richard A | $25,000 | |
| Previous Owner | Brandes Richard A | $136,000 | |
| Previous Owner | Brandes Richard A | $25,000 | |
| Previous Owner | Brandes Richard A | $105,500 | |
| Previous Owner | Brandes Richard A | $70,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2022 05/02/22 | Sold | $695,000 | 0.0% | $303 / Sq Ft |
| 04/05/2022 04/05/22 | For Sale | $695,000 | -- | $303 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,716 | $21,641 | -- | -- |
| 2024 | $2,624 | $20,610 | -- | -- |
| 2023 | $2,624 | $43,150 | $8,630 | $34,520 |
| 2022 | $2,609 | $33,180 | $6,630 | $26,550 |
| 2021 | $2,653 | $29,320 | $5,860 | $23,460 |
| 2020 | $2,586 | $26,320 | $5,260 | $21,060 |
| 2019 | $2,474 | $23,150 | $4,630 | $18,520 |
| 2018 | $2,392 | $23,160 | $4,630 | $18,530 |
| 2017 | $2,196 | $19,530 | $3,900 | $15,630 |
| 2016 | $1,442 | $15,460 | $3,090 | $12,370 |
| 2015 | $1,341 | $13,570 | $2,710 | $10,860 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Palestina
Seller's Agent in 2022
Tom Palestina
ABI Multifamily
(602) 714-1400
35 Total Sales
-
Andrew Arambula
Seller Co-Listing Agent in 2022
Andrew Arambula
ABI Multifamily
(602) 513-5200
50 Total Sales
-
Linda Gerchick
Buyer's Agent in 2022
Linda Gerchick
Gerchick Real Estate
(602) 688-9279
124 Total Sales
-
L
Buyer's Agent in 2022
Linda CCIM
Stephen Magee Int'l Properties
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6378863
APN: 118-04-002
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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