NOT LISTED FOR SALE

1517 W Thomas Rd Phoenix, AZ 85015

Encanto Neighborhood

Estimated Value: $442,000 - $794,000

-- Bed
2 Baths
900 Sq Ft
$665/Sq Ft Est. Value

Last Sold March 17, 2017

Last sale price $280,000 $311 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $3,558/month

6 Days on Market

Highlights

  • Cooling Available
  • Maie Bartlett Heard Elementary School Rated 9+
  • Individual Controls for Heating

About This Home

As of March 2017

Location – Location! - this beauty is part of the Margarita Place Historic District with great visibility and high density R-5 zoning. Could be re-zoned for commercial use like many of it's neighbors. It enjoys high demand from the downtown-loving tenant base with arts and entertainment hubs very close. Phoenix College is across the street. St Joseph's Hospital is just down the road. The units are spacious with two 1-bed units and two 2-bed/2-bath units! Tile floors, newer roof, ACs, plumbing, and electric make this an easy keeper

Last Agent to Sell the Property

Mark Skelpsa

HomeSmart Realty License #SA642313000 Listed on: 02/05/2017

Co-Listed By

Terry Kass

R.O.I. Properties License #BR503783000

Last Buyer's Agent

Susan Nicolson

Sun Cactus Realty License #SA537939000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,810

Year Built

  • Built in 1960

Lot Details

  • 6,055

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 9
  • Assessor Parcel Number 111-47-007

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Margarita Place Subdivision

Building Details

  • Operating Expense $1,810

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,810

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 15th Ave and Thomas Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2016
  • Directions: West to property or enter alley South of 15th Ave to covered parking in rear.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Subdivision Name: MARGARITA PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 111-47-007

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Operating Expense: 1810.0

Tax Info

  • Tax Annual Amount: 1810.0
  • Tax Book Number: 111.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2020
Sold by
Cohen Diane M and Cohen Benjamin
Bought by
Cohen Benjamin A
Current Estimated Value
$613,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$199,556
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$402,303

Purchase Details

Closed on
Sep 8, 2020
Sold by
Cohen Benjamin A
Bought by
Tellurian Encanto Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$199,556
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$402,303

Purchase Details

Listed on
Feb 5, 2017
Closed on
Mar 18, 2017
Sold by
Cohen Benjamin A
Bought by
Tellurian Encanto Llc
Seller's Agent
Mark Skelpsa
HomeSmart Realty
Buyer's Agent
Susan Nicolson
Sun Cactus Realty
List Price
$280,000
Sold Price
$280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.55%
Original Mortgage
$210,000
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 5, 2017
Closed on
Feb 15, 2017
Sold by
Mann Elizabeth and Mann David
Bought by
Cohen Benjamin A
Seller's Agent
Mark Skelpsa
HomeSmart Realty
Buyer's Agent
Susan Nicolson
Sun Cactus Realty
List Price
$280,000
Sold Price
$280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2013
Sold by
Mccutcheon Richard and Mccutcheon Shaun E
Bought by
Mann Elizabeth and Mann David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 2009
Sold by
Mccutcheon Richard
Bought by
Mccutcheon Richard and Mccutcheon Shaun E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,750
Interest Rate
4.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 2009
Sold by
Mccutcheon Judith Ann
Bought by
Mccutcheon Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,750
Interest Rate
4.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 2009
Sold by
Puffer Susan
Bought by
Mccutcheon Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,750
Interest Rate
4.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 2007
Sold by
Puffer Susan Jean
Bought by
Trf Investments Llc

Purchase Details

Closed on
Aug 4, 2006
Sold by
Apy Properties Llc
Bought by
Puffer Susan Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,800
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 28, 2004
Sold by
Young Richard
Bought by
Apy 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
$225,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 22, 2004
Sold by
Nelson Blanca
Bought by
Young Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 2, 2004
Sold by
Young Priscilla
Bought by
Young Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 19, 2002
Sold by
Nelson William B and Nelson Blanca
Bought by
Nelson Blanca

Purchase Details

Closed on
Oct 5, 2001
Sold by
Perry Lizbeth H
Bought by
Nelson William B and Nelson Blanca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 22, 2001
Sold by
Farr Eugene W
Bought by
Perry Lizbeth H

Purchase Details

Closed on
Feb 22, 1997
Sold by
Wells Fargo Credit Corp
Bought by
Farr Eugene W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,750
Interest Rate
7.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 1996
Sold by
Grier William H
Bought by
Wells Fargo Credit Corp
Source: Public Records

Range of Values:

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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
Cohen Benjamin A -- Lawyers Title Of Arizona Inc
Tellurian Encanto Llc -- Accommodation
Tellurian Encanto Llc -- Accommodation
Cohen Benjamin A $280,000 Lawyers Title Of Arizona Inc
Mann Elizabeth $232,000 Chicago Title Agency Inc
Mccutcheon Richard -- Lawyers Title Of Arizona Inc
Mccutcheon Richard -- Lawyers Title Of Arizona Inc
Mccutcheon Richard $197,000 Lawyers Title Of Arizona Inc
Puffer Susan $197,000 Lawyers Title Of Arizona Inc
Trf Investments Llc -- None Available
Puffer Susan Jean $328,500 Stewart Title & Trust Of Pho
Apy Properties Llc -- --
Young Richard $250,000 Capital Title Agency Inc
Young Richard -- Capital Title Agency Inc
Nelson Blanca -- Transnation Title Insurance
Nelson William B $190,000 North American Title Agency
Perry Lizbeth H -- North American Title Agency
Perry Lizbeth H $126,700 --
Farr Eugene W $65,000 Fidelity Title
Wells Fargo Credit Corp -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cohen Benjamin A $270,000
Previous Owner Cohen Benjamin A $210,000
Previous Owner Mann Elizabeth $174,000
Previous Owner Puffer Susan $147,750
Previous Owner Puffer Susan Jean $262,800
Previous Owner Young Richard $225,000
Previous Owner Nelson Blanca $170,000
Previous Owner Nelson William B $152,000
Previous Owner Farr Eugene W $48,750
Closed Nelson William B $19,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2017 03/17/17 Sold $280,000 0.0% $311 / Sq Ft
02/09/2017 02/09/17 Pending -- -- --
02/03/2017 02/03/17 For Sale $280,000 0.0% $311 / Sq Ft
05/15/2014 05/15/14 Rented $795 -5.9% --
05/09/2014 05/09/14 Under Contract -- -- --
12/04/2013 12/04/13 For Rent $845 0.0% --
10/31/2013 10/31/13 Sold $232,000 -6.8% $258 / Sq Ft
05/25/2013 05/25/13 Pending -- -- --
05/10/2013 05/10/13 For Sale $249,000 -- $277 / 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 $2,028 $15,162 -- --
2024 $2,008 $14,440 -- --
2023 $2,008 $54,410 $10,880 $43,530
2022 $1,937 $33,000 $6,600 $26,400
2021 $1,922 $31,130 $6,220 $24,910
2020 $1,944 $26,550 $5,310 $21,240
2019 $1,941 $24,310 $4,860 $19,450
2018 $1,908 $23,080 $4,610 $18,470
2017 $1,863 $19,620 $3,920 $15,700
2016 $1,810 $15,080 $3,010 $12,070
2015 $1,675 $12,420 $2,480 $9,940
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Mark Skelpsa

    HomeSmart Realty

    (480) 430-5752

    13 Total Sales

    Section Image
  • Terry Kass

    Seller Co-Listing Agent in 2017

    Terry Kass

    R.O.I. Properties

    (602) 330-2525

    2 in this area

    28 Total Sales

    Section Image

  • S

    Buyer's Agent in 2017

    Susan Nicolson

    Sun Cactus Realty

    Section Image
  • Allen Kelley

    Seller's Agent in 2014

    Allen Kelley

    AH Properties

    (480) 695-2817

    35 Total Sales

    Section Image

  • L

    Seller's Agent in 2013

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2013

    Lois Kaipainen

    Income Property Shop

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5556877

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-47-007

Arizona Maricopa County Phoenix 85007 Encanto

1517 W Thomas Rd, Phoenix, AZ

This home is located at 1517 W Thomas Rd, Phoenix, AZ 85015 since 05 February 2017 and is currently estimated at $598,866, approximately $665 per square foot. This property was built in 1960. 1517 W Thomas Rd is a home located in Maricopa County with nearby schools including Maie Bartlett Heard Elementary School, Phoenix Coding Academy, and Central High School.

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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