NOT LISTED FOR SALE

1508 E Culver St Phoenix, AZ 85006

Coronado Neighborhood

Estimated Value: $517,000 - $621,000

-- Bed
-- Bath
1,645 Sq Ft
$347/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $268,000 $163 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $3,116/month

75 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of June 2019

Spectacular duplex adjacent to Downtown Phoenix, Central Phoenix, historic districts, and the I-10! Each unit is 2 bed/1 bath. Combined rents are $1,550/month, and tenants pay the utilities. Leases are $800/month through 1/31/20 and $750/month through 9/30/19. Please do not disturb.

Last Agent to Sell the Property

James Lanier

Lanier Real Estate, LLC License #BR649257000 Listed on: 03/05/2019

Last Buyer's Agent

Sherri Williams

HomeSmart License #SA644412000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,150

Year Built

  • Built in 1947

Home Design

  • Tile Roof
  • Block Exterior

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Free Parking

Schools

  • Whittier Elementary School
  • Whittier Elementary School - Phoenix Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 21 / 3
  • Assessor Parcel Number 116-21-065

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 50 x 135
  • Kenwood Tr A, B Subdivision

Building Details

  • Operating Expense $1,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,150

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Cross Street: 16th St & McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1947
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: KENWOOD TR A, B
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Free
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking Features Free2: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Whittier Elementary School
  • 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: 50 x 135
  • Additional Parcels: No
  • Parcel #: 116-21-065

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Operating Expense: 1150.0

Tax Info

  • Tax Annual Amount: 1150.0
  • Tax Block: 3
  • Tax Book Number: 116.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2019
Closed on
Jun 27, 2019
Sold by
Bhatia Rahul and Dhir Shilpa
Bought by
Rb Holding Llc
Seller's Agent
James Lanier
Lanier Real Estate, LLC
Buyer's Agent
Sherri Williams
HomeSmart
List Price
$299,900
Sold Price
$268,000
Premium/Discount to List
-$31,900
-10.64%
Current Estimated Value
$571,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,346
Avg. Annual Appreciation
12.49%
Original Mortgage
$201,000
Outstanding Balance
$132,580
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$438,766

Purchase Details

Listed on
Mar 5, 2019
Closed on
Jun 26, 2019
Sold by
South Central Holdings Llc
Bought by
Bhatia Rahul and Dhir Shilpa
Seller's Agent
James Lanier
Lanier Real Estate, LLC
Buyer's Agent
Sherri Williams
HomeSmart
List Price
$299,900
Sold Price
$268,000
Premium/Discount to List
-$31,900
-10.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,000
Outstanding Balance
$132,580
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$438,766

Purchase Details

Closed on
Mar 12, 2015
Sold by
Key John
Bought by
South Central Holdings Llc

Purchase Details

Closed on
Feb 27, 2006
Sold by
Crespo Aida
Bought by
Key John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.04%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Rb Holding Llc -- None Available
Bhatia Rahul $268,000 Empire West Title Agency Llc
South Central Holdings Llc $130,600 Accommodation
Key John $200,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhatia Rahul $201,000
Previous Owner Key John $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2019 06/28/19 Sold $268,000 -4.3% $163 / Sq Ft
04/11/2019 04/11/19 Price Changed $279,900 -6.7% $170 / Sq Ft
03/05/2019 03/05/19 For Sale $299,900 -- $182 / 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 $1,299 $9,142 -- --
2024 $1,211 $8,706 -- --
2023 $1,211 $31,870 $6,370 $25,500
2022 $1,168 $23,550 $4,710 $18,840
2021 $1,159 $19,420 $3,880 $15,540
2020 $1,172 $17,860 $3,570 $14,290
2019 $1,170 $13,210 $2,640 $10,570
2018 $1,150 $11,050 $2,210 $8,840
2017 $1,124 $9,330 $1,860 $7,470
2016 $1,091 $7,460 $1,490 $5,970
2015 $1,010 $7,080 $1,410 $5,670
Source: Public Records

Agents Affiliated with this Home

  • James Lanier

    Seller's Agent in 2019

    James Lanier

    Lanier Real Estate, LLC

    (602) 930-6972

    305 Total Sales

    James Lanier
    Section Image
  • Sherri Williams

    Buyer's Agent in 2019

    Sherri Williams

    HomeSmart

    (602) 622-7209

    24 Total Sales

    Sherri Williams
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5891463

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-21-065

Arizona Maricopa County Phoenix 85006 Coronado

1508 E Culver 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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