NOT LISTED FOR SALE

98 W Culver St Phoenix, AZ 85003

Downtown Phoenix Neighborhood

Estimated Value: $600,572 - $751,000

Studio
-- Bath
1,788 Sq Ft
$382/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2021

Last sale price $2,000,000 $1,119 Per Sq Ft

Current estimated payment $3,950 / mo

170 Days on Market

Highlights

  • Evaporated cooling system
  • Window Unit Heating System
  • 4-minute walk to Margaret T. Hance Park
  • Phoenix Coding Academy Rated A

About This Home

As of June 2021

Closed for $2,000,000 or $293/SF or $181,818/unit on 6/30/2021. Buyers obtained four residential loans as this is a four building/lot sale. Location, location, location! In the Roosevelt District across from Margaret T. Hance Park. This offering includes 11 units over 4 buildings. Rents well-below market. Value-Add opportunity in one of the hottest areas in Phoenix, a true ''A'' location. Buyer to complete/rely on own due diligence. Some expenses estimated. Do not bother tenants. Unique opportunity in a top location.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 10/23/2020

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Nathan Biggar

Real Broker License #SA642308000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,491

Year Built

  • Built in 1948

Lot Details

  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Composition Roof

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • On-Street Parking

Utilities

  • Evaporated cooling system
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 21
  • Assessor Parcel Number 111-33-023

Community Details

Overview

  • 4 Buildings
  • 11 Units
  • Building Dimensions are T.B.V.
  • Blount Addition Subdivision

Building Details

  • Operating Expense $8,491

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,491

Year Built

Built in 1948

Lot Details

7,623 Sq Ft Lot

Listing Details

  • Cross Street: Central Avenue & McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: BLOUNT ADDITION
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: T.B.V.
  • Additional Parcels: Yes
  • Parcel #: 111-33-023

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 11
  • Annual Operating Expense: 8491.0

Tax Info

  • Tax Annual Amount: 8491.0
  • Tax Book Number: 111.00
  • Tax Lot: 21

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

Closed on
Sep 28, 2021
Sold by
Bought by
Current Estimated Value
$682,393

Purchase Details

Listed on
Oct 23, 2020
Closed on
Jun 16, 2021
Sold by
Bought by
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Nathan Biggar
Real Broker
List Price
$2,200,000
Sold Price
$2,000,000
Premium/Discount to List
-$200,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-19.04%
Original Mortgage
$410,250
Interest Rate
0.029%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
-- None Available
$547,000 Old Republic Title Agency
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 $410,250
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
06/30/2021 06/30/21 Sold $2,000,000 -9.1% $1,119 / Sq Ft
04/10/2021 04/10/21 Pending -- -- --
10/22/2020 10/22/20 For Sale $2,200,000 -- $1,230 / 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 $2,434 $17,133
2024 $2,269 $16,317
2023 $2,269 $42,070 $8,410 $33,660
2022 $2,188 $33,850 $6,770 $27,080
2021 $2,172 $33,810 $6,760 $27,050
2020 $2,197 $29,070 $5,810 $23,260
2019 $2,193 $27,600 $5,520 $22,080
2018 $2,156 $24,550 $4,910 $19,640
2017 $2,106 $25,560 $5,110 $20,450
2016 $2,045 $23,020 $4,600 $18,420
2015 $1,893 $17,950 $3,590 $14,360
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    41 Total Sales

    James Stephens
    Section Image
  • Nathan Biggar

    Buyer's Agent in 2021

    Nathan Biggar

    Real Broker

    (480) 717-1901

    96 Total Sales

    Nathan Biggar
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6150856

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-33-023

Arizona Maricopa County Phoenix 85003 Downtown Phoenix

98 W Culver St, Phoenix, AZ

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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