$721,000
SOLD NOV 26, 2024
-- Bed
-- Bath
2,391 Sq Ft
6,795 Sq Ft Lot

Recently Sold

$302 Per Sq Ft

2% Below List Price

75 Days on Market

Highlights

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

About This Home

As of November 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 1501; 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

  • $1,133

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 117-18-105

Community Details

Overview

  • 3 Units
  • Building Dimensions are 6788
  • Ranchitos Bonitas Lots 1 4 Subdivision

Building Details

  • Operating Expense $8,427
  • Gross Income $54,150
  • Net Operating Income $45,486

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,133

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
  • Directions: Just south of Thomas and west of 16th Street.
  • 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: 6788
  • Additional Parcels: Yes
  • Parcel #: 117-18-105

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: 54150.0
  • Property Net Operating Income: 45486.0
  • Annual Operating Expense: 8427.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1133.0
  • Tax Book Number: 117.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2025
Sold by
Oak Street Az Llc
Bought by
Healthcare Career Management Llc
Total Days on Market
75
Current Estimated Value
$718,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,800
Outstanding Balance
$414,800
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$296,584

Purchase Details

Listed on
Jul 16, 2024
Closed on
Nov 20, 2024
Sold by
1501 1527 East Oak Street Llc and Ng Properties Az Llc
Bought by
Oak Street Az Llc
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
$721,000
Premium/Discount to List
-$18,000
-2.44%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.62%
Original Mortgage
$540,000
Interest Rate
6.32%
Mortgage Type
New Conventional

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

Listed on
Aug 7, 2017
Closed on
Nov 13, 2017
Sold by
Spb At 1501 E Oak Llc
Bought by
Oak Tree Arizona Llc
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
David Barney
Fathom Realty
List Price
$1,200,000
Sold Price
$1,130,000
Premium/Discount to List
-$70,000
-5.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.73%
Original Mortgage
$717,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 12, 2014
Closed on
Feb 20, 2015
Sold by
Regus Emanuela and Regus Adrian
Bought by
Spb Consultants Of Az Llc
Seller's Agent
Adrian Regus
Prestige Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$795,000
Sold Price
$750,000
Premium/Discount to List
-$45,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.07%
Original Mortgage
$337,500
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2011
Sold by
Regus Emanuela
Bought by
Regus Adrian

Purchase Details

Closed on
Sep 30, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Regus Emanuela

Purchase Details

Closed on
Aug 18, 2005
Sold by
Martinez Glenn M and Martinez Maria
Bought by
Alarcon German Manzano and Manzano Laura L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,700
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2005
Sold by
Gray Scott and Gray Sarah R
Bought by
Martinez Glenn M and Martinez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.87%
Mortgage Type
New Conventional

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
$156,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2004
Sold by
Oak Street Properties Llc
Bought by
Gray Scott and Gray Sarah R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2003
Sold by
Johnson Eric
Bought by
Nbi Llc

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:

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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 Type Sale Price Title Company
Warranty Deed -- Pioneer Title Agency
Warranty Deed $721,000 Pioneer Title Agency
Warranty Deed $450,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Warranty Deed $308,000 Fidelity Natl Ttl Agcy Inc
Special Warranty Deed $1,115,000 American Title Service Agenc
Special Warranty Deed $750,000 Grand Canyon Title Agency
Interfamily Deed Transfer -- None Available
Cash Sale Deed $35,500 Lsi Title Agency
Warranty Deed $253,000 Title Mgmt Agency Of Az Llc
Warranty Deed $212,500 Dhi Title Of Arizona Inc
Special Warranty Deed -- Lawyers Title Of Arizona Inc
Warranty Deed $195,000 Lawyers Title Ins
Trustee Deed $96,700 --
Warranty Deed -- Stewart Title & Trust
Warranty Deed $123,000 Stewart Title & Trust
Quit Claim Deed -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $414,800 New Conventional
Previous Owner $540,000 New Conventional
Previous Owner $630,000 New Conventional
Previous Owner $2,970,000 New Conventional
Previous Owner $231,000 New Conventional
Previous Owner $717,000 Commercial
Previous Owner $717,000 Commercial
Previous Owner $650,000 Commercial
Previous Owner $337,500 Purchase Money Mortgage
Previous Owner $337,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $325,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $227,700 Purchase Money Mortgage
Previous Owner $170,000 New Conventional
Previous Owner $156,000 New Conventional
Previous Owner $142,400 Unknown
Previous Owner $98,400 Seller Take Back
Closed $19,500 No Value Available
Closed $21,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2024 11/26/24 Sold $721,000 -2.4% $302 / Sq Ft
10/04/2024 10/04/24 Pending -- -- --
07/20/2024 07/20/24 For Sale $739,000 -34.6% $309 / Sq Ft
11/20/2017 11/20/17 Sold $1,130,000 -5.8% $473 / Sq Ft
10/19/2017 10/19/17 For Sale $1,200,000 0.0% $502 / Sq Ft
10/19/2017 10/19/17 Price Changed $1,200,000 0.0% $502 / Sq Ft
08/07/2017 08/07/17 For Sale $1,200,000 +60.0% $502 / Sq Ft
02/20/2015 02/20/15 Sold $750,000 -5.7% $314 / Sq Ft
01/05/2015 01/05/15 Pending -- -- --
12/12/2014 12/12/14 For Sale $795,000 +629.4% $332 / Sq Ft
09/19/2012 09/19/12 Sold $109,000 0.0% $46 / Sq Ft
08/17/2012 08/17/12 Pending -- -- --
08/09/2012 08/09/12 For Sale $109,000 -- $46 / 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 $1,144 $8,552 -- --
2024 $1,133 $8,145 -- --
2023 $1,133 $35,860 $7,170 $28,690
2022 $1,092 $27,700 $5,540 $22,160
2021 $1,084 $27,680 $5,530 $22,150
2020 $1,097 $20,620 $4,120 $16,500
2019 $1,095 $16,920 $3,380 $13,540
2018 $1,076 $13,360 $2,670 $10,690
2017 $1,051 $13,000 $2,600 $10,400
2016 $1,021 $10,710 $2,140 $8,570
2015 $945 $9,120 $1,820 $7,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6733877

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-18-105