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1318 W Monroe St, Phoenix, AZ, 85007

$599,999

Home List Price

$7,125*

Closing Credit

3 Bedrooms
3 Baths
2,198 SqFt
$273/SqFt
Multi

Location

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1318 W Monroe St, Phoenix$599,999

Buyer Closing Credits

$7,125*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1914
HeatingNatural Gas
CoolingWall/Window Unit(s)
FireplaceNone
MLS #6773552
Lot Size0.14 Acres
StatusActive

About 1318 W Monroe St

Amazing opportunity for an investor. 3 dwellings, 2 of which have month to month leases and one with a lease terming soon. The main house has two 2/1 units, the unit in back is a 1/1. The unit shown is the mirror to the other half of the duplex. The third unit is on the back of the property. Easy to rent, awesome historic downtown Phoenix location. Reach out for details on how you can make this wise investment happen for you. Unit 1 has a lease that expires June 30th of 2025. The other two are month to month. (Additional Listing Info) *Monthly Rental income: Listed as $3950, or $4050, depending on what you consider to be the unit 3 rent based on this passage of the lease. *Construction: the building is mostly stucco over brick. The only exterior frame is on the upper half of the back wall, where a sleeping porch was enclosed at some point in history. *Floors - The units have a mix of historic hardwood and vinyl plank *Cooling: The front units do have a central AC & heat pump (which are less than three years old and under warranty). The back bedrooms also have window units as well, but the primary AC is central cooling.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1914
  • Stories: 2
  • Living Area: 2,198 SqFt

Listing Office:

  • Office Name: Jason Mitchell Real Estate
  • Office Phone: (480) 522-1030
  • Listing Agent: Somone Wilder

Interior Features

Interior Information:

  • Flooring Type: Vinyl
  • Interior: Master Downstairs, Upstairs, Eat-in Kitchen, 3/4 Bath Master Bdrm, High Speed Internet
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Covered Patio(s), Storage

Lot Features

Lot Information:

  • Lot: Desert Back, Desert Front
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: VANBUREN WEST TO 13TH AVENUE, SOUTH TO MONROE

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,999
  • Price Per SqFt: $273/SqFt

Tax Information:

  • Annual Amount: $1,097
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Phoenix, AZ.

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Phoenix, AZ

City

Med. Sold Price

$450.9K

Med. Price/SqFt

$284

Avg. Days On Market

62

# of Sold Homes

1291

1318 W Monroe St vs Phoenix

31 DAYS ON ROCKET

-31 Days

$599,999

+$149K More

$273/SqFt

-$12 Less

KEY TAKEAWAY

This property is $149K more than the Median Sold Price and $12/SqFt less than other homes in Phoenix, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6773552

Listing Office:

  • Office Name: Jason Mitchell Real Estate
  • Office Phone: (480) 522-1030
  • Listing Agent: Somone Wilder

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:55:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 20, 2013Home Sold
$181,000
Aug 13, 2010Home Sold
$83,000
Sep 27, 2005Home Sold
$295,000
Mar 03, 2003Home Sold
$165,000
Apr 26, 1999Home Sold
$48,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,097$29,820
2020$1,109$26,670
2019$1,089$23,210
2017$1,064$15,160

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-495237
8
/10

  • Vista College Preparatory

  • 812 S 6th Ave

  • 0.88 miles

  • Public Charter Grades KG-5

school-card-donut-495238
4
/10

  • Asu Preparatory Academy- Phoenix Elementary School

  • 735 E Fillmore St

  • 1.51 miles

  • Public Charter Grades KG-4

school-card-donut-495239
2
/10

  • J. B. Sutton Elementary School

  • 1001 N 31st Ave

  • 2.13 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,703. Typical income of Phoenix, AZ residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Arizona›Maricopa County›Phoenix›85007›1318 W Monroe St

This home is located at 1318 W Monroe St in Phoenix, AZ and zip code 85007 in the Central City neighborhood. This 2,198 square foot home, which was built in 1914, sits on a 0.14 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $599,999.

Over 250 listings were sold over their listed price in October 2024 in Phoenix, AZ. In the same period over 697 listings were sold below the listed price and 344 listings were sold for the listed price. The number of listings in Phoenix, AZ increased by 7.5% between September 2024 and October 2024. In October 2024, listings were on the market for 62 days. During the same period, the median list price in this real estate market was $450,977.

From Rocket Homes Real Estate and based on county public records data.

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