NOT LISTED FOR SALE

Estimated Value: $423,000 - $624,000

4 Beds
2 Baths
1,800 Sq Ft
$311/Sq Ft Est. Value

Last Sold April 18, 2022

Last sale price $650,000 $361 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $3,150/month

3 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of April 2022

Historic red brick duplex (2 bed 1 bath units) completely renovated with a distinct modern design in the heart of downtown Phoenix. Walking distance to Roosevelt Row as well as all of the dining and entertainment that the Coronado neighborhood has to offer. Exposed red brick and designer finishes throughout. Remodeled top to bottom including new roof, new plumbing, new main water line, new drain lines, new electrical wiring, new individually metered electrical panel and sub panels, new dual pane windows, new appliances. Nothing was spared! Additional private storage space, smart lock, Nest thermostats and more! Detached garage with potential for additional square footage. Showings only after accepted offer due to property currently occupied by tenants.

Last Agent to Sell the Property

Christopher Pike

My Home Group Real Estate License #SA655610000 Listed on: 03/14/2022

My Home Group Real Estate

Last Buyer's Agent

Bev Wright

Preferred Property Consultants LLC License #BR117026000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,161

Year Built

  • Built in 1948

Lot Details

  • Property fronts an alley

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Covered Spaces

Schools

  • Emerson Elementary School
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 12 / 2
  • Assessor Parcel Number 116-21-032

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 6,767
  • Kenwood Tracts A & B Subdivision

Building Details

  • Operating Expense $3,461
  • Gross Income $40,800
  • Net Operating Income $37,339

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,161

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: 16th St. and McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2021
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: KENWOOD TRACTS A & B
  • Garage Yn: Yes
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Garage: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1300.0

Schools

  • Elementary School: Emerson Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 6,767
  • Additional Parcels: No
  • Parcel #: 116-21-032

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 40800.0
  • Property Net Operating Income: 37339.0
  • Annual Operating Expense: 3461.0

Tax Info

  • Tax Annual Amount: 2161.0
  • Tax Block: 2
  • Tax Book Number: 116.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2024
Sold by
Mans Living Trust and Luu Man
Bought by
Brill Tlf Llc
Current Estimated Value
$559,793

Purchase Details

Listed on
Mar 14, 2022
Closed on
Apr 11, 2022
Sold by
Douglas Tavares
Bought by
Mans Living Trust
Seller's Agent
Christopher Pike
My Home Group Real Estate
Buyer's Agent
Bev Wright
Preferred Property Consultants LLC
List Price
$649,000
Sold Price
$650,000
Premium/Discount to List
$1,000
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.04%
Original Mortgage
$312,000
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2019
Sold by
Mitchell Ronald G and Windust Marilynn
Bought by
Tavares Douglas and Post Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 1999
Sold by
Dailey Margot M and Boulanger Gary S
Bought by
Mitchell Ronald G and Windust Marilynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 1997
Sold by
Remington Helen B
Bought by
Dailey Margot M and Boulanger Gary S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 1997
Sold by
Dailey Quintin James
Bought by
Dailey Margot M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
7.19%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Buyer Sale Price Title Company
Brill Tlf Llc -- --
Mans Living Trust $650,000 Security Title
Tavares Douglas $260,000 Security Title Agency Inc
Mitchell Ronald G $90,000 Fidelity Title
Dailey Margot M $78,900 Fidelity Title
Dailey Margot M -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mans Living Trust $312,000
Previous Owner Tavares Douglas $315,000
Previous Owner Mitchell Ronald G $72,000
Previous Owner Dailey Margot M $71,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2022 04/18/22 Sold $650,000 +0.2% $361 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $649,000 -- $361 / 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 $2,422 $17,049 -- --
2024 $2,258 $16,237 -- --
2023 $2,258 $37,320 $7,460 $29,860
2022 $2,178 $29,800 $5,960 $23,840
2021 $2,161 $25,920 $5,180 $20,740
2020 $2,186 $25,170 $5,030 $20,140
2019 $2,183 $17,670 $3,530 $14,140
2018 $825 $14,150 $2,830 $11,320
2017 $806 $10,630 $2,120 $8,510
2016 $783 $9,420 $1,880 $7,540
2015 $725 $7,420 $1,480 $5,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6368652

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-21-032