514 East Michigan Avenue

514 East Michigan 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 1980 and is 44 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 514 East Michigan Avenue has 1,440 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 5,793 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a mobile home 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. Residents will have the luxury of enjoying a unknown. 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 wood 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. 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, 514 East Michigan Avenue was last sold in Aug 1, 2023 for $291,777. According to our calculations, that's $202.62 per sqft. Prior to that sales transaction, the property was sold for $55,000 in Nov 26, 2013. Current property owners are expected to pay $618 in taxes per year. The property on 514 East Michigan Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $9,150. To break that down further, the land itself was valued at $6,550. While improvements to the property were assessed at a total of $2,600. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.