Check Availability

1505 West McKinley Street

1505 West McKinley Street, Phoenix, AZ 85007
Property in Central City
Sold Apr 17, 2023
$705,000
$528,750 by Waterstone Mortgage Corp
Mortgage Due May 01, 2053
Sold Sep 30, 2022
$390,000
$390,000 by Hammer Down Llc
Mortgage
1505 West McKinley Street has been categorized by the local assessors in Phoenix, AZ as a residential type of property. The building on the property was first built in 1984 and is 40 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1505 West McKinley Street has 2,336 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,350 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a triplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with tilt-up (pre-cast concrete) control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of stucco. The inside of the home is being cooled with a evaporative cooler at the moment. In terms of heating, it is utilizing floor/wall heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1505 West McKinley Street was last sold in Apr 17, 2023 for $705,000. According to our calculations, that's $301.80 per sqft. Prior to that sales transaction, the property was sold for $390,000 in Sep 30, 2022. Current property owners are expected to pay $1,071 in taxes per year. The property on 1505 West McKinley Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $42,200. To break that down further, the land itself was valued at $8,440. While improvements to the property were assessed at a total of $33,760. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Tilt-up (pre-cast concrete)
  • Building Style: Triplex
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 3
  • Business/Commerical Units Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,350
  • Total Building Area: 2,336
  • Gross Building Area: 2,336
  • Building Area: 2,336
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Evaporative cooler
  • Heating: Floor/wall
  • Heated Square Feet: 2,336
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEST LAWN
  • Land Acres: 0.146
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: WEST LAWN MCR 3-63

Ownership

  • Current Owner : JONES JUSTIN A
  • Previous Owner : MTB INVEST LLC
  • Owner Before Previous Owner: K SAUER/L GOLBERG LLC
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Phoenix Elementary District
  • Census Tract: 112900

Zoning

  • Zoning: C-C

Geography

  • Assessors Map Reference: 363
  • Parcel: 111-25-187
  • Block: B
  • Lot: 23
  • Meridian: SEC 6 TWN 1N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.4565
  • Longitude: -112.092

    Address

  • Full Address: 1505 W Mckinley St
  • Address - House Number: 1505
  • Street Direction: W
  • Address - Street Name: Mckinley
  • Address - Suffix Type: St
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C037
  • 4-Digit Zip Code: 2244
  • Zip Code: 85007

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,071
  • Tax Rate Code Area: 011300

    Appraisal Valuation

  • Standard Deviation: 0.0598
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 97
  • Final Value: 496,352
  • High Value: 526,065
  • Low Value: 466,638

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $528,750
  • First Open Lien Mortgage Lender: WATERSTONE MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Apr 17, 2023
  • First Open Lien Mortgage Loan Amount: $528,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2053

    Market Valuation

  • Market Total Value: $422,000
  • Market Land Value: $84,400
  • Market Improvement Value: $337,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,200
  • Assessed Land Value: $8,440
  • Assessed Improvements Value: $33,760

    Sales

  • Current Sale Contract Date: Apr 17, 2023
  • Current Sale Recording Date: Apr 17, 2023
  • Current Sale Transaction ID: 11905131258
  • Current Sale Price: $705,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 195155
  • Previous Sale Recording Date: Sep 30, 2022
  • Previous Sale Contract Date: Sep 30, 2022
  • Previous Sale Amount: $390,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WATERSTONE MORTGAGE CORP
  • First Mortgage Transaction Date: Apr 17, 2023
  • First Mortgage Loan Amount: $528,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: HAMMER DOWN LLC
  • Previous Mortgage Transaction Date: Sep 30, 2022
  • Previous Mortgage Loan Amount: $390,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Central City



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 1103 W Sherman Street, Phoenix, AZ, 85007

$950 /mo

  • 1 Bed
  • 1 Bath
  • 500 ft²
1103 W Sherman Street #1, Phoenix, AZ, 85007 Listing by Carrie DeRaps
Unit for rent at 610 N 4th Avenue, Phoenix, AZ, 85003

$850 /mo

  • Studio
  • 1 Bath
  • 375 ft²
610 N 4th Avenue #10, Phoenix, AZ, 85003 Listing by Rachael Freireich
Unit for rent at 126 N 10th Avenue, Phoenix, AZ, 85007

$900 /mo

  • 1 Bed
  • 1 Bath
  • 1,221 ft²
126 N 10th Avenue #2, Phoenix, AZ, 85007 Listing by Denise Pruitt

Frequently Asked Questions

What neighborhood is 1505 West McKinley Street located in?
The 1505 West McKinley Street is a located in the neighborhood of Central City in Central City, Phoenix.
What is the average sales price for listings in 1505 West McKinley Street?
The average sales price for units in 1505 West McKinley Street is $0 currently.

Nearby Counties
Quantcast