NOT LISTED FOR SALE

Phoenix, AZ 85003

Downtown Phoenix Neighborhood

Estimated Value: $1,422,000 - $1,686,000

7 Beds
-- Bath
3,125 Sq Ft
$497/Sq Ft Est. Value

Last Sold April 30, 2014

Last sale price $640,000 $205 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $8,612/month

155 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Wood Fence
  • 4-minute walk to Portland Parkway Park

About This Home

As of April 2014

CONFIDENTIAL LISTING. Incredible curb appeal for this 7-plex with 4 charming 1 bedroom units all with fireplaces and built-in dining room tables with benches. This efficient design really maximizes the living functionality of each unit. Lots of closets in each unit too. Additionally, there are 3 studios in a separate building behind the main house which houses the 4 one bedrooms. Furthermore, there is an onsite laundry area which contains a washer and dryer. Parking is available on Portland Street as well as 5 slab parking spaces. The owner also completed an Energize Phoenix Project (details are available under the document tab). Figures used for expenses have been combined together in the case of electric, gas and water/sewer/trash as well as landscaping and repairs/maintenance.

Last Agent to Sell the Property

Dennis Kolodin

Metro Realty License #BR535429000 Listed on: 11/07/2013

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,414

Year Built

  • Built in 1940

Lot Details

  • 9,721 Sq Ft Lot
  • Wood Fence
  • Block Wall Fence
  • Property is zoned C-DT

Home Design

  • 3,125 Sq Ft Home
  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Private Parking

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 111-32-035-A

Community Details

Overview

  • 2 Buildings

Building Details

  • Operating Expense $18,035
  • Net Operating Income $40,790

Property Details

Property Type

Other

Est. Annual Taxes

$3,414

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Cross Street: Central Avenue & Roosevelt Street
  • Property Type: Comm/Industry Sale
  • Zoning: C-DT
  • Number Of Buildings: 2
  • Year Built: 1940
  • Tax Year: 2013
  • Directions: West on Roosevelt Street; North on 3rd Avenue; West on Portland Street
  • Lot Size Acres: 0.22
  • Structure Type: Other (See Remarks)
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile, Wood

Exterior Features

  • Fencing: Block, Wood
  • Construction Type: Block, Brick
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Private Parking
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Other (See Remarks)24: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: Submetered System, APS
  • Cooling: Central A/C, Wall/Window Unit(s)
  • Heating: Electric, Natural Gas
  • Green Building Features: Other (See Remarks)
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Other (See Remarks)32: Yes

Lot Info

  • Lot Size Sq Ft: 9721.0
  • Parcel #: 111-32-035-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 6600.0
  • Insurance Expense: 2737.0
  • Maintenance Expense: 2880.0
  • Property Net Operating Income: 40790.0
  • Annual Operating Expense: 18034.7
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 3413.7
  • Tax Book Number: 111.00
  • Tax Lot: 17
  • Tax Map Number: 32.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2013
Closed on
Apr 25, 2014
Sold by
Portland Llc
Bought by
Flicka Llc
Seller's Agent
Dennis Kolodin
Metro Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$674,900
Sold Price
$640,000
Premium/Discount to List
-$34,900
-5.17%
Current Estimated Value
$1,554,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$914,000
Avg. Annual Appreciation
8.07%

Purchase Details

Closed on
Jul 27, 2009
Sold by
Tran Binhnam
Bought by
Portland Llc

Purchase Details

Closed on
Jan 12, 2005
Sold by
Smith Charles
Bought by
Tran Binhnam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,000
Interest Rate
5.8%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 6, 2005
Sold by
Balding Stephen
Bought by
Tran Binhnam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,000
Interest Rate
5.8%
Mortgage Type
Unknown

Purchase Details

Closed on
May 3, 1997
Sold by
Walsh Randy J
Bought by
Smith Charles R
Source: Public Records

Range of Values:

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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
Flicka Llc $640,000 Stewart Title & Trust Of Pho
Portland Llc $475,000 Title Management Agency Of A
Tran Binhnam $485,000 Equity Title Agency Inc
Tran Binhnam -- Equity Title Agency Inc
Smith Charles R $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tran Binhnam $291,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2014 04/30/14 Sold $640,000 -5.2% $205 / Sq Ft
04/11/2014 04/11/14 Pending -- -- --
11/07/2013 11/07/13 For Sale $674,900 -- $216 / 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 $4,477 $33,479 -- --
2024 $4,434 $31,885 -- --
2023 $4,434 $76,360 $15,270 $61,090
2022 $4,276 $61,560 $12,310 $49,250
2021 $4,244 $59,270 $11,850 $47,420
2020 $4,293 $49,560 $9,910 $39,650
2019 $4,286 $47,280 $9,450 $37,830
2018 $4,213 $42,430 $8,480 $33,950
2017 $4,115 $42,580 $8,510 $34,070
2016 $3,997 $38,230 $7,640 $30,590
2015 $3,698 $29,700 $5,940 $23,760
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Dennis Kolodin

    Metro Realty

    Section Image

  • N

    Buyer's Agent in 2014

    Non-MLS Agent

    Non-MLS Office

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5027196

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-32-035A

Arizona Maricopa County Phoenix 85003

Downtown Phoenix

This home since 07 November 2013 and is currently estimated at $1,554,000, approximately $497 per square foot. This property was built in 1940. This home is a home located in Maricopa County with nearby schools including Kenilworth Elementary School, Phoenix Coding Academy, and Central 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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