R
Seller's Agent in 2019
Royce Munroe
Munroe Multifamily
(480) 221-5449
38 Total Sales
1545 W Colter St Phoenix, AZ 85015
Alhambra Neighborhood
2
Beds
1
Bath
800
Sq Ft
1965
Built
Highlights
- Heated Community Pool
- Central Heating and Cooling System
- Ceiling Fan
- Phoenix Coding Academy Rated A
About This Home
As of October 2019Fully Renovated, Turn-key Property, Yardz on Colter features
16 units in 4 one-story buildings resting on a 1.21-acre site. Featuring vintage,
mid-century modern architecture, the buildings are constructed of concrete
block with pitched roofs. All units enjoy a two-bedroom / one-bathroom
floorplan. The apartments are individually metered for electricity, hot water, and
have individual HVACs. The kitchens are equipped with stainless-steel
appliances (refrigerator, microwave, range / oven, and dishwasher),
contemporary cabinetry, quartz countertops, tiled backsplash, a garbage
disposal, and a stainless-steel sink and faucet. Each unit enjoys vinyl wood-like
flooring, ceiling fans, walk-in closets, contemporary bathrooms, interior washer
/ dryer, modern finishes, new windows and doors, and a spacious, private gated
patio. Tenants enjoy the use of a community swimming pool with pool furniture,
a spacious yard with gazebo, some additional storage, a resurfaced parking lot,
and covered parking. Yardz on Colter Apartments is a 16-unit, garden-style apartment community
located in the Opportunity Zone in Phoenix, AZ. The property's convenient location provides residents
with direct access to all areas of the Valley by way of Interstate 17 and the Valley
Metro Light Rail. There are numerous dining, shopping, and entertainment
options within proximity to the property including Olive Garden, Costco, and
Harkins Theatres. The Central Corridor of Uptown, Midtown, and Downtown,
along with Grand Canyon University, provide many employment and education
opportunities convenient to the property.
Last Agent to Sell the Property
Munroe Multifamily License #BR512795000 Listed on: 05/24/2019
Last Buyer's Agent
Mark Skelpsa
HomeSmart Realty License #SA642313000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,662
Year Built
- Built in 1965
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
Parking
- 32 Parking Spaces
- 16 Covered Spaces
- Paved Parking
Utilities
- Central Heating and Cooling System
- Individual Controls for Heating
- Separate Meters
- Master Water Meter
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for trash collection, water, sewer
- Tax Lot 5
- Assessor Parcel Number 156-38-018
Community Details
Overview
- 4 Buildings
- 16 Units
- Building Dimensions are Unknown
Recreation
- Heated Community Pool
Building Details
- Operating Expense $55,293
- Gross Income $247,228
- Net Operating Income $192,515
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 24, 2019
Closed on
Oct 22, 2019
Sold by
Bought by
Seller's Agent
Royce Munroe
Munroe Multifamily
Buyer's Agent
Mark Skelpsa
HomeSmart Realty
List Price
$3,200,000
Sold Price
$3,050,000
Premium/Discount to List
-$150,000
-4.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Outstanding Balance
$1,094,496
Interest Rate
3.5%
Mortgage Type
Commercial
Purchase Details
Listed on
Oct 18, 2017
Closed on
Jun 27, 2018
Sold by
Bought by
Seller's Agent
John Klocek
ABI Multifamily
Buyer's Agent
John Klocek
ABI Multifamily
List Price
$1,584,000
Sold Price
$1,525,000
Premium/Discount to List
-$59,000
-3.72%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
69.06%
Original Mortgage
$1,143,750
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Apr 11, 2006
Sold by
Bought by
Purchase Details
Closed on
Jan 19, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$738,000
Interest Rate
6.28%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 16, 2003
Sold by
Bought by
Purchase Details
Closed on
Oct 13, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
5.97%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 22, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
7.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 21, 1999
Sold by
Bought by
Purchase Details
Closed on
Mar 26, 1996
Sold by
Bought by
Purchase Details
Closed on
Feb 4, 1972
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $305,000 | American Title Svc Agcy Llc | ||
| $1,525,000 | Pioneer Title Agency Inc | ||
| -- | Chicago Title Insurance Co | ||
| $1,230,000 | Chicago Title Insurance Co | ||
| -- | Transnation Title Ins Co | ||
| $940,000 | Transnation Title Ins Co | ||
| $700,000 | Chicago Title Insurance Co | ||
| -- | -- | ||
| $384,000 | Transnation Title Ins Co | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,275,000 | ||
| Previous Owner | $1,143,750 | ||
| Previous Owner | $738,000 | ||
| Previous Owner | $640,000 | ||
| Previous Owner | $560,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/24/2019 10/24/19 | Sold | $3,050,000 | -2.2% | $3,813 / Sq Ft | |
| 08/01/2019 08/01/19 | Pending | -- | -- | -- | |
| 07/16/2019 07/16/19 | Price Changed | $3,120,000 | -2.5% | $3,900 / Sq Ft | |
| 05/24/2019 05/24/19 | For Sale | $3,200,000 | +109.8% | $4,000 / Sq Ft | |
| 06/29/2018 06/29/18 | Sold | $1,525,000 | -3.7% | $1,906 / Sq Ft | View Prior Sale |
| 06/11/2018 06/11/18 | Price Changed | $1,584,000 | 0.0% | $1,980 / Sq Ft | |
| 04/09/2018 04/09/18 | Pending | -- | -- | -- | |
| 03/05/2018 03/05/18 | For Sale | $1,584,000 | 0.0% | $1,980 / Sq Ft | |
| 01/25/2018 01/25/18 | Pending | -- | -- | -- | |
| 10/18/2017 10/18/17 | For Sale | $1,584,000 | -- | $1,980 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $6,653 | $51,230 | ||
| 2024 | $6,211 | $48,790 | ||
| 2023 | $6,211 | $228,820 | $45,760 | $183,060 |
| 2022 | $6,176 | $187,800 | $37,560 | $150,240 |
| 2021 | $6,281 | $141,380 | $28,270 | $113,110 |
| 2020 | $6,122 | $140,410 | $28,080 | $112,330 |
| 2019 | $5,856 | $102,870 | $20,570 | $82,300 |
| 2018 | $5,662 | $80,420 | $16,080 | $64,340 |
| 2017 | $5,198 | $74,710 | $14,940 | $59,770 |
| 2016 | $5,015 | $59,480 | $11,890 | $47,590 |
| 2015 | $4,662 | $41,600 | $8,320 | $33,280 |
Source: Public Records
Agents Affiliated with this Home
-
Royce Munroe
-
M
Buyer's Agent in 2019
Mark Skelpsa
HomeSmart Realty
-
John Klocek
Seller's Agent in 2018
John Klocek
ABI Multifamily
(602) 639-0088
19 Total Sales
-
Patrick Burch
Seller Co-Listing Agent in 2018
Patrick Burch
ABI Multifamily
(520) 603-1768
1 in this area
29 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5930859
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.
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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