Seller's Agent in 2023
Keith Grayson
Grayson Real Estate
(602) 418-0350
5 in this area
36 Total Sales
Estimated Value: $360,000 - $560,075
Studio
4
Baths
830
Sq Ft
$594/Sq Ft
Est. Value
Highlights
- Multiple cooling system units
- Phoenix Coding Academy Rated A
- Central Heating and Cooling System
About This Home
As of April 2023Fully occupied and professionally managed 4-plex in the Grand Avenue Arts District on a high density R-5 zoned lot that is the highest density multi-family zoning. These two buildings consist of two 1 bedroom units and two studios. Rents and utility subsidies are at $3,875 per month gross / $46,500 per year. A new roof, plumbing, exterior paint, and high efficiency mini-splits installed May 2020. The interiors have been updated with stainless steel appliances, shaker cabinets, Quartz counters, tile showers, tile flooring, and fresh paint. Each unit has a small courtyard, and there is a shared laundry facility on site. There is a small gated parking area that can be leased or used for RV/Boat storage or build additional units.
Last Agent to Sell the Property
Grayson Real Estate License #BR636932000 Listed on: 11/07/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $685
Year Built
- Built in 1916
Lot Details
- 6,273
Home Design
- Wood Frame Construction
- Composition Roof
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Assigned Parking
Schools
- Capitol Elementary School
- Central High School
Utilities
- Multiple cooling system units
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Multiple Heating Units
- Heating System Uses Natural Gas
- Heat Pump System
- Individual Controls for Heating
- Window Unit Heating System
- Master Water Meter
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Legal Lot and Block 7,8 / 3
- Assessor Parcel Number 111-25-026-A
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 49 x 124
- Homestead Place Subdivision
Building Details
- Operating Expense $9,931
- Gross Income $46,500
- Net Operating Income $36,569
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2022
Closed on
May 22, 2023
Sold by
Purchasing Fund 2020-1 Llc
Bought by
Kothapalli Kumar
Seller's Agent
Keith Grayson
Grayson Real Estate
Buyer's Agent
Mason Weiss
Barrett Real Estate
List Price
$525,000
Sold Price
$510,000
Premium/Discount to List
-$15,000
-2.86%
Views
64
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,731
Avg. Annual Appreciation
-1.19%
Original Mortgage
$389,768
Outstanding Balance
$378,711
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$114,558
Purchase Details
Listed on
Nov 7, 2022
Closed on
Apr 17, 2023
Sold by
Klg Investments Llc
Bought by
Purchasing Fund 2020-1 Llc
Seller's Agent
Keith Grayson
Grayson Real Estate
Buyer's Agent
Mason Weiss
Barrett Real Estate
List Price
$525,000
Sold Price
$510,000
Premium/Discount to List
-$15,000
-2.86%
Views
64
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,768
Outstanding Balance
$378,711
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$114,558
Purchase Details
Closed on
Sep 23, 2021
Sold by
Morse Brittany Lynn and Grayson Keith L
Bought by
Klg Investments Llc
Purchase Details
Closed on
Nov 20, 2020
Sold by
Eco Properties Llc
Bought by
Morse Brittany Lynn and Grayson Keith L
Purchase Details
Closed on
Apr 15, 2020
Sold by
Wilson Doral L and Wilson Connie Mae
Bought by
Eco 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
$275,000
Interest Rate
3.3%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kothapalli Kumar | $519,690 | Homeward Title | |
| Purchasing Fund 2020-1 Llc | $510,000 | Homeward Title | |
| Klg Investments Llc | -- | None Listed On Document | |
| Morse Brittany Lynn | -- | None Available | |
| Eco Properties Llc | $200,000 | Security Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kothapalli Kumar | $389,768 | |
| Previous Owner | Eco Properties Llc | $275,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/17/2023 04/17/23 | Sold | $510,000 | -2.9% | $614 / Sq Ft |
| 03/30/2023 03/30/23 | Pending | -- | -- | -- |
| 03/21/2023 03/21/23 | For Sale | $525,000 | 0.0% | $633 / Sq Ft |
| 03/15/2023 03/15/23 | Pending | -- | -- | -- |
| 03/13/2023 03/13/23 | Price Changed | $525,000 | -2.8% | $633 / Sq Ft |
| 02/14/2023 02/14/23 | Price Changed | $539,900 | -1.7% | $650 / Sq Ft |
| 02/01/2023 02/01/23 | Price Changed | $549,000 | -0.2% | $661 / Sq Ft |
| 11/30/2022 11/30/22 | Price Changed | $549,900 | -4.3% | $663 / Sq Ft |
| 11/15/2022 11/15/22 | Price Changed | $574,900 | -3.4% | $693 / Sq Ft |
| 11/07/2022 11/07/22 | For Sale | $595,000 | -- | $717 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $762 | $5,362 | -- | -- |
| 2024 | $710 | $5,107 | -- | -- |
| 2023 | $710 | $35,320 | $7,060 | $28,260 |
| 2022 | $685 | $24,620 | $4,920 | $19,700 |
| 2021 | $680 | $19,060 | $3,810 | $15,250 |
| 2020 | $688 | $17,550 | $3,510 | $14,040 |
| 2019 | $686 | $14,530 | $2,900 | $11,630 |
| 2018 | $675 | $9,910 | $1,980 | $7,930 |
| 2017 | $659 | $10,270 | $2,050 | $8,220 |
| 2016 | $640 | $9,060 | $1,810 | $7,250 |
Source: Public Records
Agents Affiliated with this Home
-
Keith Grayson
-
Mason Weiss
M
Buyer's Agent in 2023
Mason Weiss
Barrett Real Estate
(480) 818-7745
2 in this area
80 Total Sales
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6486612
APN: 111-25-026A
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.
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
Nearby Homes
- 1521 W Mckinley St Unit 19
- 1521 W Mckinley St Unit 18
- 1521 W Garfield St
- 1545 W Roosevelt St
- 1514 W Fillmore St
- 1249 W Pierce St
- 1330 W Fillmore St
- 1830 W Fillmore St Unit 3
- 1605 W Latham St
- 1333 W Taylor St
- 1711 W Latham St
- 415 N 17th Dr
- 1130 W Fillmore St
- 1123 W Fillmore St
- 1119 W Fillmore St
- 1126 W Portland St
- 1107 W Roosevelt St
- 329 N 17th Dr
- 325 N 17th Dr
- 1538 W Culver St
- 1548 W Mckinley St Unit 2
- 1548 W Mckinley St Unit 1
- 1542 W Mckinley St
- 1540 W Mckinley St
- 1538 W Mckinley St
- 1541 W Garfield St
- 1601 W Garfield St
- 1545 W Mckinley St
- 1537 W Garfield St
- 1541 W Mckinley St
- 1607 W Garfield St
- 1534 W Mckinley St
- 1537 W Mckinley St
- 1533 W Garfield St
- 1611 W Garfield St
- 1533 W Mckinley St
- 1613 W Garfield St
- 1529 W Garfield St
- 1546 W Garfield St
- 1526 W Mckinley St Unit 2