NOT LISTED FOR SALE

938 E Amelia Ave Phoenix, AZ 85014

Central City Neighborhood

Estimated Value: $625,000 - $711,000

2 Beds
2 Baths
2,292 Sq Ft
$285/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $695,000 $303 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,689/month

1 Day on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of May 2022

Four 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

Tom Palestina

ABI Multifamily License #SA688331000 Listed on: 04/05/2022

Co-Listed By

Andrew Arambula

ABI Multifamily License #SA688881000

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,653

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1951
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: CAMPBELL ADDITION
  • Garage Yn: Yes
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Dishwasher, Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Paved, On Street
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Other
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 6000
  • Additional Parcels: No
  • Parcel #: 118-04-002

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 59753.1
  • Property Net Operating Income: 43845.0
  • Annual Operating Expense: 2653.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2653.0
  • Tax Block: 1
  • Tax Book Number: 118.00
  • Tax Lot: 2

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
Current Estimated Value
$653,170

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
$595,416
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$57,754

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
Purchase Money Mortgage

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
Purchase Money Mortgage

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%
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
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 $120,000
Previous Owner Paredes Yogely $58,000
Previous Owner Brandes Richard A $136,000
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

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 $2,716 $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

    12 in this area

    36 Total Sales

    Tom Palestina
    Section Image
  • Andrew Arambula

    Seller Co-Listing Agent in 2022

    Andrew Arambula

    ABI Multifamily

    (602) 513-5200

    14 in this area

    51 Total Sales

    Andrew Arambula
    Section Image
  • Linda Gerchick

    Buyer's Agent in 2022

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    13 in this area

    119 Total Sales

    Linda Gerchick
    Section Image

  • L

    Buyer's Agent in 2022

    Linda CCIM

    Stephen Magee Int'l Properties

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6378863

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-04-002

Arizona Maricopa County Phoenix 85014 Central City

938 E Amelia Ave, Phoenix, AZ

This home is located at 938 E Amelia Ave, Phoenix, AZ 85014 since 05 April 2022 and is currently estimated at $653,170, approximately $284 per square foot. This property was built in 1951. 938 E Amelia Ave is a home located in Maricopa County with nearby schools including Longview Elementary School, Osborn Middle School, and North 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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