NOT LISTED FOR SALE

1501 E Oak St Phoenix, AZ 85006

Coronado Neighborhood

Estimated Value: $654,000 - $695,771

Studio

1 Bath

700 Sq Ft

$962/Sq Ft Est. Value

Date Sold: September 26, 2024

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

Est. 9% decrease in value since last sale

Current estimated payment $3,799 / mo

30 Days on Market

Highlights

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

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

Last Buyer's Agent

Melissa Barlow

West USA Realty License #BR712124000

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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
Separate Meters
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

7,318 Sq Ft Lot

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

Agents Specializing in Coronado, AZ

Erin Rose

eXp Realty

(520) 462-5005

111 Total Sales

1 in Coronado

$365,400 Price

Erin Rose
Kristofer Robison

Brokers Hub Realty, LLC

(602) 878-8235

29 Total Sales

3 in Coronado

$435K - $655K Price Range

Kristofer Robison
Sherry Rampy

Responds Quickly

Brokers Hub Realty, LLC

(888) 612-3127

80 Total Sales

7 in Coronado

$480K - $1M Price Range

Sherry Rampy
Mario Romero

The Melcher Agency

(602) 833-0553

63 Total Sales

2 in Coronado

$326K - $640K Price Range

Mario Romero
Susie Clare

Responds Quickly

HomeSmart

(844) 431-2712

17 Total Sales

2 in Coronado

$440K - $589K Price Range

Susie Clare
Camille Hartmetz

Brokers Hub Realty, LLC

(623) 552-4074

118 Total Sales

49 in Coronado

$300K - $890K Price Range

Camille Hartmetz

See All Agents

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

JS

Seller's Agent in 2024

James Stephens

Better Homes & Gardens Real Estate SJ Fowler

(602) 672-3526

7 in this area

42 Total Sales

James Stephens
Buyer's Agent in 2024

Melissa Barlow

West USA Realty

(310) 800-1608

6 in this area

43 Total Sales

Melissa Barlow
Seller's Agent in 2016

Kelley Scholtes

Prestige Realty

(602) 944-2100

18 Total Sales

Kelley Scholtes

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6733871

APN: 117-18-104

Arizona Maricopa County Phoenix 85006 Coronado

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.

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

Nearby Homes

1501 E Oak St Phoenix, AZ 85006

Sale Details

Highlights

About This Home

Property Details

Home Type

Est. Annual Taxes

Year Built

Lot Details

Home Design

Interior Spaces

Parking

Utilities

Listing and Financial Details

Community Details

Overview

Building Details

Property Details

Listing Details

Interior Features

Exterior Features

Garage/Parking

Utilities

Condo/Co-op/Association

Association/Amenities

Schools

Lot Info

Multi Family

Tax Info

Home Values in the Area

Average Home Value in this Area

Agents Specializing in Coronado, AZ

Property History

Tax History

Agents Affiliated with this Home

Map