NOT LISTED FOR SALE

945 E Roma Ave Phoenix, AZ 85014

Central City Neighborhood

Estimated Value: $966,000 - $1,260,000

Studio
-- Bath
3,137 Sq Ft
$367/Sq Ft Est. Value

Last Sold September 07, 2018

Last sale price $730,000 $233 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $6,185/month

28 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of September 2018

Located in the Phoenix Central Corridor off Indian School Rd and 7th St, the Roma Fourplexes consist of two adjacent fourplex buildings on separate parcels. Built in 1984, each building is comprised of all 2 bed / 2 bath units made of block construction and individually metered for electricity. The property offers tile floored units, covered parking, on-site laundry facilities, and private backyards.
The property represents a value add opportunity in a developing Central Phoenix location. Tenants enjoy immediate access to the entertainment and employment corridors of downtown Phoenix, the Camelback Corridor, and The Biltmore. Also close to VA Hospital and schools. APN: 155-19-076B & 155-19-076A. Must be sold together. CHOICE of Commercial or Residential Financing.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 06/06/2018

Coldwell Banker Commercial Realty

Co-Listed By

Victoria Miachika

REI Marketing License #BR639322000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,064

Year Built

  • Built in 1984

Lot Details

  • 0.26

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 16 Parking Spaces
  • 12 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, sewer
  • Tax Lot 27
  • Assessor Parcel Number 155-19-076-A

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are .52 acres
  • Laveta Place Lots 1 13, 15 28 Subdivision

Building Details

  • Operating Expense $3,064

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,064

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Camelback and 7th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Year Built: 1984
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Subdivision Name: LAVETA PLACE LOTS 1-13, 15-28
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Construction Type: Painted, Stucco, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: .52 acres
  • Additional Parcels: No
  • Parcel #: 155-19-076-A

Multi Family

  • Owner Pays: Trash Collection, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 8
  • Annual Operating Expense: 3064.0

Tax Info

  • Tax Annual Amount: 3064.0
  • Tax Book Number: 155.00
  • Tax Lot: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2018
Closed on
Sep 7, 2018
Sold by
Katz Steven
Bought by
Hutchison Donald and Hutchison Melinda
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$379,000
Sold Price
$730,000
Premium/Discount to List
$351,000
92.61%
Current Estimated Value
$1,151,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,609
Avg. Annual Appreciation
6.42%
Original Mortgage
$400,000
Outstanding Balance
$348,105
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$803,504

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

Closed on
Apr 23, 2012
Sold by
Wasta Llc
Bought by
Wsnp Llc

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 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
$80,000
Premium/Discount to List
-$19,000
-19.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.97%

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
$275,300
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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

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
Nov 29, 2001
Sold by
Randolph George F
Bought by
Randolph George F and The 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 Thomas Title & Escrow
Katz Steven -- Chicago Title Agency Inc
Katz Steven $140,000 Chicago Title Agency Inc
Wsnp Llc -- Chicago Title Agency Inc
Wasta Llc $80,000 Chicago Title
Rivas Jose Adalberto -- 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 -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hutchison Donald $400,000
Previous Owner Katz Steven $105,000
Previous Owner Rivas Jose Adalberto $275,300
Previous Owner Rivas Jose Adalberto $236,000
Previous Owner Nevarez Tom $172,800
Closed Nevarez Tom $21,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/07/2018 09/07/18 Sold $730,000 -3.7% $233 / Sq Ft
06/07/2018 06/07/18 Price Changed $758,000 +100.0% $242 / Sq Ft
06/06/2018 06/06/18 For Sale $379,000 +373.8% $121 / Sq Ft
01/06/2012 01/06/12 Sold $80,000 -19.2% $102 / Sq Ft View Prior Sale
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

  • Terry Kass

    Seller's Agent in 2018

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    1 in this area

    21 Total Sales

    Terry Kass
    Section Image
  • Victoria Miachika

    Seller Co-Listing Agent in 2018

    Victoria Miachika

    REI Marketing

    (602) 459-0353

    10 Total Sales

    Victoria Miachika
    Section Image

  • N

    Buyer's Agent in 2018

    Non-MLS Agent

    Non-MLS Office

  • 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: 5776356

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-19-076A

Arizona Maricopa County Phoenix 85014 Central City

945 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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