$600,000
SOLD OCT 29, 2024
-- Bed
-- Bath
2,800 Sq Ft
0.42 Acres

Recently Sold

$214 Per Sq Ft

9% Below List Price

25 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Washington High School Rated A-

About This Home

As of October 2024

Seller Financing Terms Available!

25th Drive consists of 4 units on 1 oversized lot, with resident access off of both 25th Drive and 26th Ave. The building on 25th has a renovated 2bed/1bath unit and a recently completed XL studio (new flooring, paint, kitchen, bathrooms). The duplex has two 'classic' 2bed/1bath units that are over 750 SF each and both have private yards, in unit laundry and ample parking.

The units are on an oversized 18,161 SF lot that was formerly 2 parcels, but has been combined by the City of Phoenix. Buyers have the opportunity to amenitize (private yards, covered parking, rentable storage) the large portions of the lot that go unused by the tenants. A buyer could also develop additional units to max out the lot's permitted density.

Last Agent to Sell the Property

Carter Marks

Orion Investment Real Estate License #SA708002000

Last Buyer's Agent

Candiss Canady

Russ Lyon Sotheby's International Realty License #SA701457000

Russ Lyon Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,187

Year Built

  • Built in 1959

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 156-01-037-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 18,161
  • Krall's Homesites Subdivision

Building Details

  • Operating Expense $1,187

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,187

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: KRALL'S HOMESITES
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: See Remarks

Association/Amenities

  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 18,161
  • Additional Parcels: No
  • Parcel #: 156-01-037-A

Multi Family

  • Owner Pays: Other
  • Tenant Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Operating Expense: 1187.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1187.0
  • Tax Book Number: 156.00
  • Tax Lot: 12

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $600,000 -30.2% $214 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
09/05/2024 09/05/24 Price Changed $859,999 +30.3% $307 / Sq Ft
09/05/2024 09/05/24 For Sale $659,999 +9.1% $236 / Sq Ft
11/05/2021 11/05/21 Sold $605,000 -3.8% $216 / Sq Ft
10/17/2021 10/17/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $629,000 -- $225 / 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 $1,209 $9,885 -- --
2024 $1,187 $9,414 -- --
2023 $1,187 $34,450 $6,890 $27,560
2022 $1,148 $26,600 $5,320 $21,280
2021 $1,163 $24,950 $4,990 $19,960
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 Seller Take Back
Closed $195,000 New Conventional
Closed $350,950 New Conventional
Previous Owner $150,000 Purchase Money Mortgage
Previous Owner $532,000 Commercial
Previous Owner $365,000 No Value Available
Previous Owner $53,000 Commercial
Previous Owner $293,250 Commercial
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $600,000 Arizona Premier Title
Warranty Deed $605,000 Great American Ttl Agcy Inc
Warranty Deed $760,000 Empire West Title Agency Llc
Warranty Deed $540,000 Empire West Title Agency Llc
Warranty Deed -- Magnus Title Agency
Interfamily Deed Transfer -- First American Title Ins Co
Special Warranty Deed $76,000 First American Title Ins Co
Trustee Deed $72,000 None Available
Interfamily Deed Transfer -- Stewart Title & Trust Of Pho
Warranty Deed $345,000 Stewart Title & Trust Of Pho
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Joint Tenancy Deed -- Fidelity Title
Quit Claim Deed -- Fidelity Title
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6753120

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-01-037A