$727,500
SOLD MAR 7, 2025
-- Bed
-- Bath
730 Sq Ft
6,795 Sq Ft Lot

Recently Sold

$997 Per Sq Ft

2% Below List Price

96 Days on Market

Highlights

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

About This Home

As of March 2025

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; 1505; 1509; 1521 (W); & 1521 (E) 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
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 117-18-101

Community Details

Overview

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

Building Details

  • Operating Expense $8,427
  • Gross Income $53,580
  • Net Operating Income $45,007

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
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl
  • Appliances: Built-In Range, Other, Disposal, Dishwasher, Refrigerator, 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, Paved, Free, Add'l Parking Avail, >1 Space Per Unit, On Street
  • 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 Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • 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
  • 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 #: 117-18-101

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 53580.0
  • Property Net Operating Income: 45007.0
  • 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

Listed on
Jul 16, 2024
Closed on
Mar 5, 2025
Sold by
1501-1527 E Oak St Llc and Ng Properties Az Llc
Bought by
Robertson Family Living Trust and Robertson
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
$727,500
Premium/Discount to List
-$11,500
-1.56%
Views
7
Current Estimated Value
$722,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,386
Avg. Annual Appreciation
-0.43%

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

Closed on
Nov 13, 2017
Sold by
Spb At 1501 E Oak Llc
Bought by
Oak Tree Arizona Llc

Home Financials for this Owner

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

Purchase Details

Closed on
Feb 20, 2015
Sold by
Regus Emanuela and Regus Adrian
Bought by
Spb Consultants Of Az 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
3.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2012
Sold by
Fechete Losif
Bought by
Regus Adrian and Regus Emanuela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2010
Sold by
Fechete Veronica Sanda
Bought by
Fechete Iosif

Purchase Details

Closed on
Oct 13, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Fechete Iosif

Purchase Details

Closed on
Aug 23, 2010
Sold by
Espinoza Jesus
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Aug 15, 2005
Sold by
Alfaro Myrna
Bought by
Espinoza Jesus

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
7.17%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 9, 2005
Sold by
Gray Scott E and Gray Sarah R
Bought by
Martinez Glenn 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
Aug 3, 2004
Sold by
Oak Street Properties Llc
Bought by
Gray Scott E 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
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2004
Sold by
Werner Andrew J
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
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2004
Sold by
Kodrantes Capital Ltd
Bought by
Werner Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 2003
Sold by
Nbi Llc
Bought by
Kodrantes Capital Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,565
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2003
Sold by
Johnson Eric
Bought by
Nbi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,565
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
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

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Range of Values:

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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 $727,500 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
Cash Sale Deed $100,000 Chicago Title Agency Inc
Interfamily Deed Transfer -- Security Title Agency
Cash Sale Deed $40,150 Security Title Agency
Trustee Deed $262,932 Accommodation
Interfamily Deed Transfer -- Title Mgmt Agency Of Az Llc
Warranty Deed $253,000 Title Mgmt Agency Of Az Llc
Warranty Deed $212,500 Dhi Title Of Arizona Inc
Warranty Deed $195,000 Lawyers Title Ins
Quit Claim Deed -- --
Warranty Deed $210,000 Lawyers Title Insurance Corp
Warranty Deed -- Lawyers Title Insurance Corp
Trustee Deed $112,850 --
Warranty Deed -- Stewart Title & Trust
Warranty Deed $128,000 Stewart Title & Trust
Quit Claim Deed -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
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 $225,000 Purchase Money Mortgage
Previous Owner $225,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $325,000 New Conventional
Previous Owner $227,700 Fannie Mae Freddie Mac
Previous Owner $170,000 New Conventional
Previous Owner $156,000 New Conventional
Previous Owner $157,500 Purchase Money Mortgage
Previous Owner $101,565 Purchase Money Mortgage
Previous Owner $104,000 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
03/07/2025 03/07/25 Sold $727,500 -1.6% $997 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
07/20/2024 07/20/24 For Sale $739,000 -- $1,012 / 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: 6733931

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-18-101