1201 E PIERCE Street, Phoenix, AZ 85006
$645,000
Property Type:
Residential
Bedrooms:
6
Baths:
4
Square Footage:
3,323
Lot Size (sq. ft.):
5,902
Status:
Closed
Current Price:
$645,000
Last Modified:
3/28/2023
Description
Huge price improvement and ready to sell! A very rare opportunity in the Garfield Historic District to own not 1 but 2 homes! Zoned R-3 this multi-family property has two completely separate homes, All utilities except water are on separate bills. Second house is currently rented on a year lease for
$1,300 month. Depending on financing at full purchase price of $645,000 with 20% down, Your monthly mortgage with property taxes would be a little over $2,200 month less the $1,300 a month for the second house your mortgage would be about a $1,000 a month!! The historic main house was built in 1912 has 4 Bedrooms, 3 Bathrooms, a finished wine cellar basement and is 2,311 sqft. The second level master retreat features a loft, main room, Sitting area, 3 walk-in closets and bathroom.
Supplements: The main level has 3 bedrooms, 2 bathrooms, living area, dining area and kitchen with stainless steel appliances. There is a private gated parking area in the rear that separates the main and second house. The second house has 2 bedrooms, 1 bathroom, living area, updated kitchen with stainless steel appliances, utility/laundry room and is 1,012 sqft. Views of downtown from multiple windows in the property and walking distance to all downtown attractions, stadiums, art district, best restaurants around, ASU and U of A medical school, light rail and short trip to sky harbor. This is the urban lifestyle at its best!
More Information MLS# 6095802
Contract Information
Status Change Date: 2021-03-13
Sold Price: $645,000
Status: Closed
Current Price: $645,000
List Date: 2020-06-26
Type: ER
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2.5
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 1201
Compass: E
Street Name: PIERCE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3416
Country: USA
County Code: Maricopa
Assessor's Map #: 24
Assessor's Parcel #: 24
Assessor Number: 116-24-024
Legal Description (Abbrev): LOT 24 BLOCK 48 ERHARTS SUB MCR 000368
Subdivision: Garfield Historic District
Tax Municipality: Phoenix
Taxes: 2115
Tax Year: 2019
General Property Description
Dwelling Type: Single Family - Detached
Dwelling Styles: Detached
Exterior Stories: 2
# of Interior Levels: 3
# Bedrooms: 6
# Bathrooms: 4
Approx SQFT: 3323
Price/SqFt: 194.1
Guest House SqFt: 1012
Horses: N
Builder Name: UNK
Year Built: 1912
Approx Lot SqFt: 5902
Approx Lot Acres: 0.135
Pool: None
Planned Comm Name: Garfield Historic District
Marketing Name: Garfield
Elementary School: Garfield School
Jr. High School: Phoenix Prep Academy
High School: North High School
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 7th St & Roosevelt
Directions: Head E on Roosevelt, Right (south) on 12th to Pierce. Property is at the Southeast corner of 12th & Pierce. No sign on property.
Geo Lat: 33.455522
Geo Lon: -112.056285
Status Change Info
Off Market Date: 2021-03-13
Under Contract Date: 2021-02-01
Close of Escrow Date: 2021-03-12
Sold Price: $645,000
Legal Info
Township: 1N
Range: 3E
Section: 4
Block: 48
Lot Number: 24
Association & Fees
HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Basement
Basement Y/N: Y
Separate Den/Office
Sep Den/Office Y/N: N
Parking Spaces
Slab Parking Spaces: 2
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Special Listing Cond: N/A
Architecture: Ranch
Master Bathroom: 3/4 Bath Master Bdrm; Double Sinks
Master Bedroom: Upstairs
Additional Bedroom: Master Bedroom Walk-in Closet; Master Bedroom Sitting Room
Fireplace: 1 Fireplace; Fireplace Living Rm
Flooring: Carpet; Tile; Wood
Windows: Dual Pane
Pool Features: No Pool
Spa: None
Community Features: Historic District; Near Bus Stop; Near Light Rail Stop
Dining Area: Breakfast Bar; Dining in LR/GR
Kitchen Features: Cook Top Gas; Disposal; Dishwasher; Refrigerator; Pantry; Granite Countertops
Laundry: Washer Included; Dryer Included; Inside
Basement Description: Finished
Technology: Cable TV Avail; High Speed Internet Available
Exterior Features: Pvt Yrd(s)/Crtyrd(s); Separate Guest House
Parking Features: Common; Gated Parking; RV Gate; RV Parking; Shared Driveway; Unassigned Parking
Road Responsibility: City Maintained Road
Construction: Frame - Wood; Brick
Const - Finish: Painted; Stucco; Siding
Roofing: Comp Shingle
Cooling: Refrigeration
Heating: Natural Gas
Plumbing: Gas Hot Water Heater
Utilities: APS; SW Gas
Water: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Block; Wood; Other
Property Description: Corner Lot; Nat Reg Historic Hms; City Light View(s); North/South Exposure
Landscaping: Gravel/Stone Front; Gravel/Stone Back
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra (ARMLS)
Possession: Close of Escrow
Association Fee Incl: No Fees
Assoc Rules/Info: None
Existing 1st Loan: Treat as Free&Clear
New Financing: VA; Conventional; 1031 Exchange
Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office: Coldwell Banker Realty
Last Updated: March - 28 - 2023
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