NOT LISTED FOR SALE

1501 E Oak St Phoenix, AZ 85006

Coronado Neighborhood

Estimated Value: $651,000 - $748,000

-- Bed
1 Bath
700 Sq Ft
$1,009/Sq Ft Est. Value

Last Sold September 26, 2024

Last sale price $739,000 $1,056 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,832/month

30 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

As of September 2024

Fully remodeled triplex in the sought-after Coronado Historic District of Midtown Phoenix. Close to Phoenix Children's Hospital & Phoenix Country Club. Tastefully upgraded recently with high-quality finishes. The units include SS appliances with dishwashers & stacked washer/dryer packages. Coveted unit mix of all 2 bedroom units (800 sf +/-) with separate electric. Rents are $1500-$1600/unit. Highly-stabilized with strong leases in place. Professionally managed. Just a 1/2 block to a new construction $1.1 mil house for sale. Offered individually or buy as a combination. Also available on the same block is 1505; 1509; 1521 (E); 1521 (W); & 1527 E. Oak. All triplexes have similar finishes/upgrades. CAP rates range from 5.99 to 6.28.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 07/16/2024

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Melissa Barlow

West USA Realty License #BR712124000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,142

Year Built

  • Built in 1957

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 117-18-104

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7,301
  • Ranchitos Bonitas Lots 1 4 Subdivision

Building Details

  • Operating Expense $8,436
  • Gross Income $52,725
  • Net Operating Income $44,289

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,142

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: 16th & Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2023
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Dedicated Street
  • Subdivision Name: RANCHITOS BONITAS LOTS 1-4
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl
  • Appliances: Other (See Remarks), BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Paved Parking, Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7,301
  • Additional Parcels: Yes
  • Parcel #: 117-18-104

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 52725.0
  • Property Net Operating Income: 44289.0
  • Annual Operating Expense: 8436.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1142.0
  • Tax Book Number: 117.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2024
Closed on
Sep 24, 2024
Sold by
1501 1527 East Oak Street Llc and Ng Properties Az Llc
Bought by
Tisdale Phyllis Kirby
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Melissa Barlow
West USA Realty
List Price
$739,000
Sold Price
$739,000
Views
9
Current Estimated Value
$706,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,641
Avg. Annual Appreciation
-3.79%
Original Mortgage
$306,000
Outstanding Balance
$302,867
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$403,492

Purchase Details

Closed on
Apr 25, 2022
Sold by
Horn Ramona Properties Llc
Bought by
1501-1527 East Oak Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,970,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2020
Sold by
Horn Cheryl and Horn Gavin Bernard
Bought by
Horn Ramona Properties Llc

Purchase Details

Closed on
Sep 25, 2019
Sold by
Oak Tree Arizona Llc
Bought by
Horn Cheryl and Horn Gavin Bernard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2017
Sold by
Spb At 1501 E Oak Llc
Bought by
Oak Tree Arizona Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$717,000
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 20, 2015
Sold by
Regus Emanuela and Regus Adrian
Bought by
Spb Consultants Of Az Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2012
Sold by
Crow Nathan
Bought by
Regis Adrian and Regus Emanuela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2009
Sold by
Deutsche Bank Trust
Bought by
Crow Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2008
Sold by
Yazirdag Osman and Mortgage Electronic Registrati
Bought by
Deutsche Bank Trust Company Americas

Purchase Details

Closed on
Aug 31, 2007
Sold by
Sucuoglu Mehmet M
Bought by
Yazirdag Osman

Purchase Details

Closed on
Mar 17, 2006
Sold by
Yazirdag Osman
Bought by
Yazirdag Osman and Sucuoglu Mehmet M

Purchase Details

Closed on
Sep 26, 2005
Sold by
Vander Vorste Ryan and Sieger John
Bought by
Yazirdag Osman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,800
Interest Rate
5.63%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 27, 2004
Sold by
Nbi Llc
Bought by
Oak Street Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,900
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2004
Sold by
Oak Street Properties Llc
Bought by
Vandervorste Ryan and Anderson Cory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,900
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2003
Sold by
Nbi Llc
Bought by
Kodrantes Capital Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,520
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2003
Sold by
Kucera Johnson Eric and Kucera Aaron
Bought by
Nbi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,520
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2002
Sold by
Malone Constantino V
Bought by
Johnson Eric

Purchase Details

Closed on
Sep 13, 2000
Sold by
Priority Investments Inc
Bought by
Malone Constantino V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Interest Rate
8.11%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 11, 1994
Sold by
Wenning Kenneth W and Wenning Edna V
Bought by
Oak Tree Partners Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Tisdale Phyllis Kirby $739,000 Pioneer Title Agency
1501-1527 East Oak Street Llc $450,000 Fidelity National Title
Horn Ramona Properties Llc -- None Available
Horn Cheryl $308,000 Fidelity Natl Ttl Agcy Inc
Oak Tree Arizona Llc $1,115,000 American Title Service Agenc
Spb Consultants Of Az Llc $750,000 Grand Canyon Title Agency
Regis Adrian $60,000 Chicago Title Agency Inc
Crow Nathan $72,000 Lawyers Title Of Arizona Inc
Deutsche Bank Trust Company Americas $216,067 Security Title Agency
Yazirdag Osman -- None Available
Yazirdag Osman -- None Available
Yazirdag Osman $232,000 Capital Title Agency Inc
Oak Street Properties Llc -- --
Vandervorste Ryan $194,900 Lawyers Title Ins
Kodrantes Capital Ltd -- Lawyers Title Insurance Corp
Nbi Llc $102,800 --
Johnson Eric -- Stewart Title & Trust
Malone Constantino V $123,000 Stewart Title & Trust
Oak Tree Partners Inc -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tisdale Phyllis Kirby $306,000
Previous Owner 1501-1527 East Oak Street Llc $2,970,000
Previous Owner Horn Cheryl $231,000
Previous Owner Oak Tree Arizona Llc $717,000
Previous Owner Spb Consultants Of Az Llc $337,500
Previous Owner Regis Adrian $325,000
Previous Owner Crow Nathan $54,000
Previous Owner Yazirdag Osman $208,800
Previous Owner Vandervorste Ryan $155,900
Previous Owner Kodrantes Capital Ltd $92,520
Previous Owner Malone Constantino V $98,400
Closed Kodrantes Capital Ltd $105,165
Closed Vandervorste Ryan $29,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2024 09/26/24 Sold $739,000 0.0% $1,056 / Sq Ft
08/20/2024 08/20/24 Pending -- -- --
07/20/2024 07/20/24 For Sale $739,000 0.0% $1,056 / Sq Ft
01/15/2016 01/15/16 Rented $550 0.0% --
12/30/2015 12/30/15 For Rent $550 -- --
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 $1,224 $8,620 -- --
2024 $1,142 $8,210 -- --
2023 $1,142 $36,160 $7,230 $28,930
2022 $1,101 $27,910 $5,580 $22,330
2021 $1,093 $27,960 $5,590 $22,370
2020 $1,105 $20,830 $4,160 $16,670
2019 $1,103 $17,050 $3,410 $13,640
2018 $1,085 $14,850 $2,970 $11,880
2017 $1,059 $13,070 $2,610 $10,460
2016 $1,029 $10,800 $2,160 $8,640
2015 $952 $9,180 $1,830 $7,350
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    7 in this area

    51 Total Sales

    James Stephens
    Section Image

  • M

    Buyer's Agent in 2024

    Melissa Barlow

    West USA Realty

    (310) 387-0482

    6 in this area

    19 Total Sales

    Melissa Barlow
    Section Image
  • Kelley Scholtes

    Seller's Agent in 2016

    Kelley Scholtes

    Prestige Realty

    (602) 944-2100

    22 Total Sales

    Kelley Scholtes
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6733871

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-18-104

Arizona Maricopa County Phoenix 85006 Coronado

1501 E Oak St, Phoenix, AZ

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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