NOT LISTED FOR SALE

941 E Roma Ave Phoenix, AZ 85014

Central City Neighborhood

Estimated Value: $796,000 - $871,000

4 Beds
2 Baths
784 Sq Ft
$1,048/Sq Ft Est. Value

Last Sold January 02, 2012

Last sale price $70,000 $89 Per Sq Ft

Est. 1,074% increase in value since last sale

Current estimated payment $4,462/month

8 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Painted or Stained Flooring

About This Home

As of January 2012

This is a short sale by the team that gets them done! This is half of an 8 unit complex (945 Roma is the other half). We have 3 non paying tenants! But at least the building isn't being stripped (we think anyway)! All two bedroom units. Buyer to verify all items prior to close of escrow.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 10/18/2011

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Lois Kaipainen

Income Property Shop License #SA567276000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.26

Parking

  • Paved Parking

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof
  • Stucco

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Flooring

  • Painted or Stained Flooring
  • Vinyl

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for landscaping, sewer, trash collection, water

Community Details

Overview

  • $1,388 per year Dock Fee
  • 4 Units
  • Building Dimensions are irr

Building Details

  • Insurance Expense $1,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Appliances Included: F/S Oven/Range, Refrigerator
  • Construction Finish: Painted, Stucco
  • Cross Street: 7th Street Camelback
  • Floors: Vinyl
  • Legal Info Lot Number: 27
  • Legal Info Range: 3E
  • Legal Info Section: 21
  • Legal Info Township: 2N
  • Roads Streets: Asphalt
  • Property Type: F
  • Legal Description Abbrev: LAVETA PLACE LOTS 1-13, 15-28
  • Marketing Name: La Veta Place
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 2.00
  • Map Code Grid: P34
  • Year Built: 1984
  • Tax Year: 2011
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Desert Landscaping, Partially Fenced
  • Roofing: Comp Shingle
  • Construction: Frame - Wood

Garage/Parking

  • Parking: 1 Space/Unit, Paved Parking
  • Total Parking Spaces: 6.00
  • Covered Parking Spaces: 4.00

Utilities

  • Water: City Franchise, Master Meter
  • Electric: APS
  • Cooling: Individual
  • Heating: Individual

Condo/Co-op/Association

  • Community Amenities: No Pool

Lot Info

  • Lot Size: irr

Multi Family

  • Income And Expenses Adjusted Gross Inc: 21600.00
  • Income And Expenses Annual Ins Exp: 1000.00
  • Income And Expenses Annual Landscape Exp: 500.00
  • Income And Expenses Annual Maint Exp: 1500.00
  • Income And Expenses Annual Trash Exp: 1000.00
  • Income And Expenses Annual Water Sewer Exp: 2000.00
  • Income And Expenses Gross Annual Sch Inc: 24000.00
  • Income And Expenses Net Operating Income: 14212.00
  • Income And Expenses Totl Mnth Rntal Inc: 2000.00
  • Income And Expenses Vacancy Allowance: 0.10
  • Number Of Two Bedroom Units: 2
  • Owner Pays: Landscaping, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 500.00
  • Two Bedroom Units Avg Sq Ft: 784
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1388.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2018
Sold by
Steven Katz
Bought by
Hutchison Donald and Hutchison Melinda
Current Estimated Value
$822,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$348,406
Interest Rate
4.54%
Estimated Equity
$473,594

Purchase Details

Closed on
Jun 19, 2012
Sold by
Deandrade Katz Katia
Bought by
Katz Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 18, 2011
Closed on
Dec 28, 2011
Sold by
Wasta Llc
Bought by
Wsnp Investments Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lois Kaipainen
Income Property Shop
List Price
$99,000
Sold Price
$70,000
Premium/Discount to List
-$29,000
-29.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.21%

Purchase Details

Listed on
Oct 18, 2011
Closed on
Dec 19, 2011
Sold by
Rivas Jose Adalberto and Rivas Blanca
Bought by
Wasta Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lois Kaipainen
Income Property Shop
List Price
$99,000
Sold Price
$70,000
Premium/Discount to List
-$29,000
-29.29%

Purchase Details

Closed on
Jun 12, 2007
Sold by
Rivas Jose Adalberto and Rivas Blanca
Bought by
Rivas Jose Adalberto and Rivas Blanca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,400
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2005
Sold by
Mckinley Properties Llc
Bought by
Rivas Jose Adalberto and Rivas Blanca

Purchase Details

Closed on
Aug 15, 2003
Sold by
Nevarez Tom and Nevarez Margaret
Bought by
Mckinley Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,800
Interest Rate
5.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2001
Sold by
Randolph George F
Bought by
Randolph George F and Gfr Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,500
Interest Rate
6%

Purchase Details

Closed on
Jun 14, 2001
Sold by
Randolph George F
Bought by
Randolph George F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,500
Interest Rate
6%

Purchase Details

Closed on
Nov 5, 1999
Sold by
Randolph George F
Bought by
Gfr Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Hutchison Donald $730,000 --
Katz Steven -- Chicago Title Agency Inc
Katz Steven $140,000 Chicago Title Agency Inc
Wsnp Investments Llc $70,809 Chicago Title Agency Inc
Wasta Llc $70,000 Chicago Title
Rivas Jose Adalberto -- None Available
Rivas Jose Adalberto $295,000 Capital Title Agency Inc
Mckinley Properties Llc -- Capital Title Agency Inc
Nevarez Tom $216,000 Capital Title Agency Inc
Randolph George F -- --
Randolph George F -- First American Title
Gfr Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hutchison Donald $400,000
Closed Hutchison Donald --
Previous Owner Katz Steven $105,000
Previous Owner Rivas Jose Adalberto $275,400
Previous Owner Nevarez Tom $172,800
Previous Owner Randolph George F $10,500
Closed Nevarez Tom $21,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2012 01/02/12 Sold $70,000 -29.3% $89 / Sq Ft
10/26/2011 10/26/11 Pending -- -- --
10/18/2011 10/18/11 For Sale $99,000 -- $126 / 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 $1,961 $15,098 -- --
2024 $1,830 $14,379 -- --
2023 $1,830 $59,760 $11,950 $47,810
2022 $1,820 $40,660 $8,130 $32,530
2021 $1,851 $33,770 $6,750 $27,020
2020 $1,804 $29,220 $5,840 $23,380
2019 $1,726 $27,830 $5,560 $22,270
2018 $1,669 $24,310 $4,860 $19,450
2017 $1,532 $22,930 $4,580 $18,350
2016 $1,478 $18,010 $3,600 $14,410
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2012

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2012

    Lois Kaipainen

    Income Property Shop

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4667564

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-19-076B

Arizona Maricopa County Phoenix 85014 Central City

941 E Roma Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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