NOT LISTED FOR SALE

Estimated Value: $395,767 - $548,000

2 Beds
-- Bath
921 Sq Ft
$526/Sq Ft Est. Value

Last Sold November 30, 2016

Last sale price $183,600 $199 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $2,854/month

8 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • 3-minute walk to Coronado Park
  • Emerson Elementary School Rated 9+
  • Heating Available

About This Home

As of November 2016

Amazing Opportunity for Downtown Phoenix Investors. This duplex is nestled inside the Coronado Historical District. Surrounded by numerous renovated historical homes that capture the true essence of classic architectural charm. Rents for these Two 1 bed/1 bath units are $650 per month. Each unit has a private court yard with communal access to washer & dryer. One long term renter in place and another 1 year lease recently signed.

Last Agent to Sell the Property

DeAnna Nelson

The Property Boutique License #BR582947000 Listed on: 11/03/2016

Last Buyer's Agent

Laura Boyajian

HomeSmart License #SA559691000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,579

Year Built

  • Built in 1925

Lot Details

  • 3,485

Home Design

  • Foam Roof
  • Block Exterior
  • Stucco

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Schools

  • Emerson Elementary School
  • Mesquite Jr High Middle School
  • North High School

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Wood Flooring
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 117-25-046-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 60x58
  • Homewood Park Amd. Subdivision

Building Details

  • Operating Expense $2,879
  • Net Operating Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,579

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Cross Street: 7th Street and McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1925
  • Tax Year: 2016
  • Directions: From 7th Street and McDowell, head east to 12th Street, North to Coronado Road. West to Property on North side of street.
  • Road Frontage Type: Alley
  • Road Surface Type: Concrete, Sidewalk(s)
  • Subdivision Name: HOMEWOOD PARK AMD.
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 700.0

Schools

  • Elementary School: Emerson Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Mesquite Jr High School

Lot Info

  • Lot Size: 60x58
  • Additional Parcels: No
  • Parcel #: 117-25-046-A

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 15600.0
  • Annual Operating Expense: 2879.0

Tax Info

  • Tax Annual Amount: 1579.0
  • Tax Book Number: 117.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2016
Closed on
Nov 29, 2016
Sold by
Scheiffele James and Scheiffele Jim
Bought by
Hauk Jeffrey M
Seller's Agent
DeAnna Nelson
The Property Boutique
Buyer's Agent
Laura Boyajian
HomeSmart
List Price
$179,999
Sold Price
$183,600
Premium/Discount to List
$3,601
2%
Total Days on Market
8
Current Estimated Value
$484,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,842
Avg. Annual Appreciation
12.03%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hauk Jeffrey M $183,600 Wfg National Title Ins Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2016 11/30/16 Sold $183,600 +2.0% $199 / Sq Ft
11/11/2016 11/11/16 Pending -- -- --
11/09/2016 11/09/16 For Sale $179,999 -2.0% $195 / Sq Ft
11/04/2016 11/04/16 Off Market $183,600 -- --
11/03/2016 11/03/16 For Sale $179,999 -- $195 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,769 $13,230 -- --
2024 $1,752 $12,600 -- --
2023 $1,752 $31,620 $6,320 $25,300
2022 $1,690 $23,700 $4,740 $18,960
2021 $1,677 $21,230 $4,240 $16,990
2020 $1,697 $21,530 $4,300 $17,230
2019 $1,694 $19,230 $3,840 $15,390
2018 $1,665 $15,430 $3,080 $12,350
2017 $1,626 $15,280 $3,050 $12,230
2016 $1,579 $12,770 $2,550 $10,220
2015 $1,462 $13,560 $2,710 $10,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5520779

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-25-046A