2 months on rocket

917 N 8th St, Phoenix, AZ, 85006

$1,100,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Bath
1,465 SqFt
$751/SqFt
House

Location

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917 N 8th St, Phoenix$1,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1906
HeatingOther
CoolingOther
FireplaceOther (See Remarks)
MLS #6741219
Lot Size0.41 Acres
StatusActive

About 917 N 8th St

Sale includes 917 & 921 N 8th St. 8th & Roosevelt consists of a historic home and additional land for development, located in the heart of the Garfield Historic District. The property sits on approximately a half-acre (gross) of land that is zoned R-5. The seller has a site plan to add (11) 1-bedroom units and (2) 2-bedroom units along with amenity space between the new units and the existing historic home. This would be a perfect small apartment community or short-term rental building in a ''Melrose Place'' type setting in downtown Phoenix. This is a fantastic, bite-sized opportunity for the seasoned investor or a local creative / artistic developer who wants to do a unique, fun project in the heart of one of the busiest, most dynamic, and eclectic areas in the entire Valley. 8th & Roosevelt is an awesome value-add / development opportunity in the heart of Downtown Phoenix. The property is located just east of 7th Street right off of Roosevelt in the heart of the gentrifying Garfield Historic District. Roosevelt and 7th Street is the east entrance to the happening Roosevelt Row district in the epicenter of Downtown Phoenix. It is minutes to the stadium district and a short bike ride / walk to the downtown ASU campus, Phoenix Burton Barr Library, and the Phoenix Art Museum. It is also minutes to Margaret T. Hance Park, which is the location of hundreds of activities including the McDowell Mountain Music Festival and many weekend food / craft festivals throughout the year. It is approximately a half mile to the I-10 Freeway to allow quick and easy access to all parts of the valley. This location is as central is it gets and allows residents to enjoy, with ease, so much of what Downtown and Midtown have to offer. With many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes, 8th & Roosevelt Redevelopment Opportunity will prove to be a great place for residents to live as well as will be a very attractive parcel for a future class-A redevelopment in an A location. Phoenix is consistently on every national list for net influx of people and jobs, and the downtown area is expected to continue to explode with huge job growth in many different sectors; with Arizona State University's downtown campus rapidly expanding (already over 11,000 students and rapidly growing); with massive amounts of biotech investment and development in the area (the new Creighton University is approximately 2 miles away in midtown; the Phoenix Biomedical HUB is a couple blocks away; the stadium district is minutes away; the warehouse district is exploding around the corner to the south; and more). Opportunities like 8th & Roosevelt are rare and offer an investor a great value-add opportunity in one of the most active and desirable areas in the country.

Property Details

Property Features

Property Information:

  • Year Built: 1906
  • Stories: 1
  • Living Area: 1,465 SqFt

Listing Office:

  • Office Name: ABI Multifamily
  • Office Phone: (602) 714-1400
  • Listing Agent: John Klocek, Patrick Burch

Interior Features

Interior Information:

  • Fireplace: Other (See Remarks)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.41 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

School Info

Assigned Schools Information:

  • Phoenix Union Bioscience High School, Public District Grades 9-12
  • North High School, Public District Grades 9-12
  • Franklin Police and Fire High School, Public District Grades 9-12
  • Ralph Waldo Emerson Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: East on Roosevelt, South on 8th Street to Property on East side of street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000
  • Price Per SqFt: $751/SqFt

Tax Information:

  • Annual Amount: $880
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$450.9K

Med. Price/SqFt

$284

Avg. Days On Market

62

# of Sold Homes

1291

917 N 8th St vs Phoenix

89 DAYS ON ROCKET

+27 Days

$1,100,000

+$649K More

$751/SqFt

+$466 More

KEY TAKEAWAY

This property is $649K more than the Median Sold Price and $466/SqFt more 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: #6741219

Listing Office:

  • Office Name: ABI Multifamily
  • Office Phone: (602) 714-1400
  • Listing Agent: John Klocek, Patrick Burch

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: 11/5/2024, 9:20:54 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

Jan 15, 2020Home Sold
$375,000
May 22, 2008Home Sold
$160,000
Jan 27, 2006Home Sold
$106,000

Tax History

YEARPROP. TAXASSESSMENT
2021$880$11,910
2020$890$10,975
2019$409$8,355
2017$400$5,935

History based on county public records data.

Payment Calculator

$5,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,364

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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.

Elementary School

school-card-donut-40520
2
/10
  • Ralph Waldo Emerson Elementary School

  • 915 E Palm Ln

  • 0.74 miles

  • Public District Grades PK-6

High School

school-card-donut-40521
10
/10
  • Phoenix Union Bioscience High School

  • 512 E Pierce St

  • 0.26 miles

  • Public District Grades 9-12

school-card-donut-40522
3
/10
  • North High School

  • 1101 E Thomas Rd

  • 1.54 miles

  • Public District Grades 9-12

school-card-donut-40523
6
/10
  • Franklin Police and Fire High School

  • 1645 W Mcdowell Rd

  • 1.89 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,789. The majority of Phoenix, AZ residents have income less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 917 N 8th St

What is the listing price of this property?

The listing price of 917 N 8th St property is $1,100,000.

What type of property is this?

The property 917 N 8th St is a house located in Phoenix, Arizona, 85006.

Is this property for sale now?

Active Listing: 917 N 8th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 917 N 8th St are:
Ralph Waldo Emerson Elementary School: GreatSchools Rating 2/10
Phoenix Union Bioscience High School: GreatSchools Rating 10/10
North High School: GreatSchools Rating 3/10
Franklin Police and Fire High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $880 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 15, 2020 for $375,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 917 N 8th St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 917 N 8th St is 1,465 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 917 N 8th St is 1906.

Rocket Homes›Arizona›Maricopa County›Phoenix›85006›917 N 8th St

This home is located at 917 N 8th St in Phoenix, AZ and zip code 85006 in the Central City neighborhood. This 1,465 square foot home, which was built in 1906, sits on a 0.41 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since August 08, 2024 and is currently priced at $1,100,000.

While more than 250 listings in Phoenix, AZ in October 2024 were sold above asking price, there were more than 344 listings sold at asking price, and more than 697 were sold below. The number of listings in Phoenix, AZ increased by 7.5% between September 2024 and October 2024. The median list price of listings available in October 2024 was $450,977, while the average time on the real estate market was 62 days.

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

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