1305 E Madison St Phoenix, AZ 85034
Eastlake Park NeighborhoodEstimated payment $8,189/month
Total Views
2,676
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Cooling Available
- 4-minute walk to 12Th St/Jefferson
- Vinyl Flooring
- Phoenix Coding Academy Rated A
- Ceiling Fan
- Heating Available
About This Home
Brand new construction. All units are 2 bedroom 2 bath/ High end finishes throughout. This is a perfect turnkey property that is the first in a growing area.
Tremendous upside investment. The property is near the light rail into downtown and to the airport.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,220
Year Built
- Built in 2025
Home Design
- Wood Frame Construction
- Composition Roof
- Stone Exterior Construction
- Stucco
Interior Spaces
- Ceiling Fan
- Vinyl Flooring
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Schools
- Garfield Elementary And Middle School
- North High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 11
- Assessor Parcel Number 116-49-029
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 7000 sq feet
- Collins Addition Phoenix Blocks 31 34 & 39 40 Subdivision
Building Details
- Operating Expense $5,020
- Gross Income $90,000
- Net Operating Income $86,500
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 | $1,220 | $9,123 | $9,123 | -- |
| 2024 | $828 | $8,688 | $8,688 | -- |
| 2023 | $828 | $17,200 | $3,440 | $13,760 |
| 2022 | $799 | $15,520 | $3,100 | $12,420 |
| 2021 | $707 | $9,030 | $1,800 | $7,230 |
| 2020 | $717 | $8,220 | $1,640 | $6,580 |
| 2019 | $717 | $6,480 | $1,290 | $5,190 |
| 2018 | $444 | $5,830 | $1,160 | $4,670 |
| 2017 | $428 | $4,800 | $960 | $3,840 |
| 2016 | $416 | $4,320 | $860 | $3,460 |
| 2015 | $379 | $3,460 | $690 | $2,770 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | Price Changed | $1,449,000 | -3.1% | -- |
| 04/04/2025 04/04/25 | Price Changed | $1,495,000 | +900.0% | -- |
| 04/04/2025 04/04/25 | Price Changed | $149,500 | -90.0% | -- |
| 03/26/2025 03/26/25 | For Sale | $1,499,000 | 0.0% | -- |
| 03/26/2025 03/26/25 | Off Market | $1,499,000 | -- | -- |
| 01/09/2025 01/09/25 | For Sale | $1,499,000 | +597.2% | -- |
| 10/29/2021 10/29/21 | Sold | $215,000 | +8.0% | $202 / Sq Ft |
| 10/13/2021 10/13/21 | Pending | -- | -- | -- |
| 10/08/2021 10/08/21 | For Sale | $199,000 | -- | $187 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | New Title Company Name | |
| Warranty Deed | $215,000 | Valleywide Title Agency | |
| Interfamily Deed Transfer | -- | Valleywide Title Agency | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | New Conventional | |
| Open | $781,903 | New Conventional | |
| Closed | $650,000 | New Conventional | |
| Previous Owner | $190,000 | Construction |
Source: Public Records
Similar Homes in the area
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6802310
APN: 116-49-029
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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