UNDER CONTRACT
$65K PRICE DROP
1002 E Fairmount Ave Phoenix, AZ 85014
Estimated payment $4,254/month
Total Views
2,725
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Phoenix Coding Academy Rated A
- Ceiling Fan
About This Home
Seller financing is available with a minimum 20% down payment & 4% Interest Rate .
This Midtown Phoenix investment opportunity consists of two parcels situated on nearly half an acre (17,464 square feet), making it an excellent prospect for redevelopment or a mixed-use project. Zoned R-3 for multifamily housing. The first parcel, located at 4019 North 10th Street, is currently operating as a 1,350-square-foot auto shop, &, second parcel at 1002 East Fairmount Avenue, includes a two-bedroom, one-bath unit and a one-bedroom, one-bath unit. Both parcels share a waterline, though they can be separated with contractor assistance.
In the heart of Midtown Phoenix, the property is just minutes from Downtown Phoenix, the Central Arts District, major hospitals, and the Phoenix Country Club
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,146
Year Built
- Built in 1930
Home Design
- Composition Roof
- Block Exterior
Flooring
- Concrete
- Ceramic Tile
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Utilities
- Cooling Available
- Heating Available
Additional Features
- Ceiling Fan
- Additional Parcels
Listing and Financial Details
- Tax Lot 28
- Assessor Parcel Number 118-03-035
Community Details
Overview
- 2 Buildings
- 3 Units
- Building Dimensions are 17464
- Kay Tract Subdivision
Building Details
- Operating Expense $2,146
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,146 | $17,103 | -- | -- |
| 2024 | $2,073 | $16,288 | -- | -- |
| 2023 | $2,073 | $32,960 | $6,590 | $26,370 |
| 2022 | $2,062 | $25,050 | $5,010 | $20,040 |
| 2021 | $2,097 | $21,920 | $4,380 | $17,540 |
| 2020 | $2,044 | $19,820 | $3,960 | $15,860 |
| 2019 | $1,955 | $16,900 | $3,380 | $13,520 |
| 2018 | $1,890 | $16,650 | $3,330 | $13,320 |
| 2017 | $1,263 | $12,220 | $2,440 | $9,780 |
| 2016 | $790 | $9,180 | $1,830 | $7,350 |
| 2015 | $736 | $8,510 | $1,700 | $6,810 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/14/2025 03/14/25 | Price Changed | $730,000 | -2.0% | -- |
| 02/28/2025 02/28/25 | Price Changed | $745,000 | -6.3% | -- |
| 02/17/2025 02/17/25 | For Sale | $795,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Cash Sale Deed | $49,900 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $171,500 | New Conventional |
Source: Public Records
Similar Homes in the area
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6822102
APN: 118-03-035
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
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