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1903 East Fairmount Avenue

1903 East Fairmount Avenue, Phoenix, AZ 85016
Property in Patterson Place
Sold Jul 06, 2021
$475,000
$275,000 by Firstbank
Mortgage Due Aug 01, 2051
Sold Jul 06, 2021
$189,083
$100,000 by Firstbank Holding Company
Mortgage Due Jul 06, 2031
1903 East Fairmount Avenue 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 1948 and is 76 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1903 East Fairmount Avenue has 1,219 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 7,767 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a unknown. 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 concrete block 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 asphalt. The exterior walls of the building are made of block. The inside of the home is being cooled with a evaporative cooler at the moment. In terms of heating, it is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1903 East Fairmount Avenue sold most recently in Jun 8, 2021 for a total of $475,000. If you work out the math, that's approximately a cost of $389.66 per sqft. Before that, the property was also sold for $189,083 in Jun 25, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,920 in taxes each year. The initial year of tax delinquency occurred in 2019. 1903 East Fairmount Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $35,120. If we break it down further, the land itself was valued at $7,020. Improvements to the property, however, were assessed at a total of $28,100. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Concrete block
  • Exterior Walls Type: Block
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,767
  • Total Building Area: 1,219
  • Gross Building Area: 1,219
  • Building Area: 1,219
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Evaporative cooler
  • Heating: Yes
  • Heated Square Feet: 1,219
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PATTERSON PLACE
  • Land Acres: 0.178
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PATTERSON PLACE MCR 38/40

Ownership

  • Current Owner : GARCIA FABIO
  • Previous Owner : BAKER KIMBERLI
  • Previous Owner 2: DUPONT JAMES
  • Owner Before Previous Owner: PYROT LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Phoenix Union High School District
  • Census Tract: 110702

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 3840
  • Parcel: 119-28-054
  • Lot: 12
  • Meridian: SEC 27 TWN 2N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.4927
  • Longitude: -112.041

    Address

  • Full Address: 1903 E Fairmount Ave
  • Address - House Number: 1903
  • Street Direction: E
  • Address - Street Name: Fairmount
  • Address - Suffix Type: Ave
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C019
  • 4-Digit Zip Code: 6006
  • Zip Code: 85016

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,920
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 141300

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 496,855
  • High Value: 564,097
  • Low Value: 429,613

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $275,000
  • First Open Lien Mortgage Lender: FIRSTBANK
  • First Open Lien Mortgage Recording Date: Jul 06, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $275,000
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $351,200
  • Market Land Value: $70,200
  • Market Improvement Value: $281,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,120
  • Assessed Land Value: $7,020
  • Assessed Improvements Value: $28,100

    Sales

  • Current Sale Contract Date: Jun 08, 2021
  • Current Sale Recording Date: Jul 06, 2021
  • Current Sale Transaction ID: 11841740935
  • Current Sale Price: $475,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210737052
  • Previous Sale Recording Date: Jul 06, 2021
  • Previous Sale Contract Date: Jun 25, 2021
  • Previous Sale Amount: $189,083
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRSTBANK
  • First Mortgage Transaction Date: Jul 06, 2021
  • First Mortgage Loan Amount: $275,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRSTBANK HOLDING COMPANY
  • Previous Mortgage Transaction Date: Jul 06, 2021
  • Previous Mortgage Loan Amount: $100,000
  • Previous Mortgage Term: 120
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jul 06, 2031

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Frequently Asked Questions

What neighborhood is 1903 East Fairmount Avenue located in?
The 1903 East Fairmount Avenue is a located in the neighborhood of Patterson Place in Camelback East, Phoenix.
What is the average sales price for listings in 1903 East Fairmount Avenue?
The average sales price for units in 1903 East Fairmount Avenue is $0 currently.

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