NOT LISTED FOR SALE

Estimated Value: $587,000 - $725,000

1 Bed
1 Bath
900 Sq Ft
$720/Sq Ft Est. Value

Last Sold November 20, 2015

Last sale price $190,000 $211 Per Sq Ft

Est. 241% increase in value since last sale

Current estimated payment $3,480/month

353 Days on Market

Highlights

  • Evaporated cooling system
  • Stone Flooring
  • 5-minute walk to Virginia Park
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of November 2015

Back on the Market! ONLY 50K per door in the Coronado Historical District.

Studios renting for $495 - $550.

One bedrooms renting for $675 - $695, by January 2016.

All units are individually metered for electric.

Must be sold with 1501 East Harvard, see listing 5203598. Please don't disturb tenants.

Last Agent to Sell the Property

Brenda Nath

HN Management License #BR651691000 Listed on: 11/23/2014

Co-Listed By

Swapnadeep Nath

Renvy Property Management License #BR657689000

Last Buyer's Agent

Eric Ford

My Home Group Real Estate License #SA640295000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $864

Year Built

  • Built in 1949

Lot Details

  • Property fronts an alley

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Stone
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Whittier Elementary School - Phoenix
  • North High School

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Window Unit Heating System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Tax Lot 2
  • Assessor Parcel Number 117-19-010

Community Details

Overview

  • 4 Units
  • Building Dimensions are 4754
  • Lloyd Place Subdivision

Building Details

  • Operating Expense $10,414
  • Gross Income $26,342
  • Net Operating Income $17,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$864

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Cross Street: 16th Street & Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1949
  • Tax Year: 2014
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 2400.0
  • Co List Office Mls Id: sams01
  • Co List Office Phone: 602-448-9110
  • Subdivision Name: Lloyd Place
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Stone, Concrete
  • Appliances: BI Oven/Range, F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • 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

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Heating: Heat Pump, Window/Wall Unit(s), Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Fuel Expense: 1000.0
  • Trash Expense: 900.0
  • Annual Water Sewer Expense: 1400.0

Schools

  • Elementary School: Whittier Elementary School - Phoenix
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Whittier Elementary School - Phoenix

Lot Info

  • Lot Size: 4754
  • Additional Parcels: No
  • Parcel #: 117-19-010

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 26342.4
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 17500.0
  • Annual Operating Expense: 10414.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 864.0
  • Tax Book Number: 117.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2017
Sold by
Lucky Old Sun Finance Llc
Bought by
Williams Ada
Current Estimated Value
$648,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Outstanding Balance
$162,566
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$485,434

Purchase Details

Listed on
Nov 23, 2014
Closed on
Nov 18, 2015
Sold by
Smither Neal W
Bought by
Lucky Old Sun Finance Llc
Seller's Agent
Brenda Nath
HN Management
Buyer's Agent
Eric Ford
My Home Group Real Estate
List Price
$240,000
Sold Price
$190,000
Premium/Discount to List
-$50,000
-20.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.88%

Purchase Details

Listed on
Nov 23, 2014
Closed on
Nov 17, 2015
Sold by
Smither Patricia L
Bought by
Smither Neal W
Seller's Agent
Brenda Nath
HN Management
Buyer's Agent
Eric Ford
My Home Group Real Estate
List Price
$240,000
Sold Price
$190,000
Premium/Discount to List
-$50,000
-20.83%

Purchase Details

Closed on
Feb 10, 2011
Sold by
Smither Neal W and Smither Patricia L
Bought by
Smither Neal W

Purchase Details

Closed on
May 12, 2006
Sold by
Smither Neal W and Smither Patricia L
Bought by
Smither Neal W and Smither Patricia L

Purchase Details

Closed on
Nov 10, 2004
Sold by
Lee Charles A and Losito Laura Grace
Bought by
Smither Neal and Smither Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,400
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2003
Sold by
Gonzales Paul and Gonzales Alicia
Bought by
Frank Glen and Nicole Frank M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,200
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2003
Sold by
Lane Carolyn E
Bought by
Lee Charles A and Losito Laura Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,200
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 1997
Sold by
Horowitz Bruce Steven
Bought by
Lane Carolyn E and Lane Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,500
Interest Rate
7.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 1994
Sold by
Hamilton Jim
Bought by
Horowitz Bruce Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,950
Interest Rate
8.25%
Mortgage Type
Commercial
Source: Public Records
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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
Williams Ada $437,500 Thomas Title & Escrow
Lucky Old Sun Finance Llc $380,000 Driggs Title Agency Inc
Smither Neal W -- Driggs Title Agency Inc
Smither Neal W -- Driggs Title Agency Inc
Smither Neal W -- None Available
Smither Neal W -- None Available
Smither Neal $228,000 Stewart Title & Trust Of Pho
Frank Glen $124,000 Stewart Title & Tr Phoenix
Lee Charles A $181,000 Stewart Title & Tr Phoenix
Lane Carolyn E $45,750 Transnation Title Ins Co
Horowitz Bruce Steven $38,500 First Service Title Agency I
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Ada $194,000
Previous Owner Smither Neal $182,400
Previous Owner Frank Glen $99,200
Previous Owner Lee Charles A $148,050
Previous Owner Lane Carolyn E $34,500
Previous Owner Horowitz Bruce Steven $26,950
Closed Lane Carolyn E $10,100
Closed Smither Neal $22,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2015 11/20/15 Sold $190,000 -20.8% $211 / Sq Ft
11/11/2015 11/11/15 Pending -- -- --
11/23/2014 11/23/14 For Sale $240,000 -- $267 / 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 $1,088 $7,658 -- --
2024 $1,014 $7,293 -- --
2023 $1,014 $51,080 $10,210 $40,870
2022 $978 $31,100 $6,220 $24,880
2021 $971 $24,660 $4,930 $19,730
2020 $982 $18,000 $3,600 $14,400
2019 $980 $14,620 $2,920 $11,700
2018 $964 $11,520 $2,300 $9,220
2017 $941 $11,400 $2,280 $9,120
2016 $914 $9,710 $1,940 $7,770
2015 $846 $8,280 $1,650 $6,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5203599

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-19-010