NOT LISTED FOR SALE

Estimated Value: $561,000 - $834,000

Studio
-- Bath
2,396 Sq Ft
$310/Sq Ft Est. Value

Sale Details

Date Sold: October 13, 2020

Last sale price $650,000 $271 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,170 / mo

21 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of October 2020

INVESTORS!!!! PORTFOLIO OPTION. This is one of the finest triplexes in downtown Phoenix. Located in the Encanto North Historic District.Inside out remodel completed July 2020. Close to Phoenix College, ASU and UofA downtown campuses, 4 hospitals, Suns and D'Backs stadiums, and jobs. Can be purchased with a recently remodeled home with separate guest house in the Coronado Historic District, only 4 miles away also in the heart of downtown Phoenix, providing a diversity of income producing properties. Drive by only. Showing with accepted agreement. Owner/Agent

Last Agent to Sell the Property

Michael Collins

DeLex Realty License #BR108753000 Listed on: 07/31/2020

Last Buyer's Agent

Scott McFadden

Zion Realty, LLC License #SA680293000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,325

Year Built

  • Built in 1953

Lot Details

  • 7,841

Home Design

  • Brick Exterior Construction
  • Composition Roof

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Clarendon Elementary And Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Separate Meters

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 19
  • Assessor Parcel Number 110-27-019

Community Details

Overview

  • 3 Units
  • Building Dimensions are IRR
  • College Homes Subdivision

Building Details

  • Operating Expense $14,849
  • Gross Income $48,600
  • Net Operating Income $31,551

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,325

Year Built

Built in 1953

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Cross Street: 16th Ave & Osborn
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: RE
  • Number Of Buildings: 1
  • Year Built: 1953
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4860.0
  • Subdivision Name: COLLEGE HOMES
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 1000.0
  • Annual Water Sewer Expense: 4296.0

Schools

  • Elementary School: Clarendon School
  • High School: Central High School
  • Middle Or Junior School: Clarendon School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 110-27-019

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Electric Expense: 1200.0
  • Annual Gross Income: 48600.0
  • Insurance Expense: 1568.0
  • Property Net Operating Income: 31551.0
  • Annual Operating Expense: 14849.0

Tax Info

  • Tax Annual Amount: 1325.0
  • Tax Book Number: 110.00
  • Tax Lot: 19

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
Jul 31, 2020
Closed on
Sep 24, 2020
Sold by
Bought by
Seller's Agent
Michael Collins
DeLex Realty
Buyer's Agent
Scott McFadden
Zion Realty, LLC
List Price
$685,000
Sold Price
$650,000
Premium/Discount to List
-$35,000
-5.11%
Current Estimated Value
$742,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,333
Avg. Annual Appreciation
2.33%
Original Mortgage
$673,400
Outstanding Balance
$585,251
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$157,082

Purchase Details

Listed on
Aug 6, 2019
Closed on
Sep 11, 2019
Sold by
Bought by
Seller's Agent
Cindy Freitas
West USA Realty
Buyer's Agent
Michael Collins
DeLex Realty
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
67.21%

Purchase Details

Closed on
Sep 15, 2016
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
$100,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2008
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
$131,250
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 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
$239,920
Interest Rate
8.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 2005
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
$250,750
Interest Rate
8.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 14, 2005
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
$250,750
Interest Rate
8.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 23, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$650,000 Clear Title Agency Of Az
$370,000 First American Title Ins Co
-- Lawyers Title Company
$175,000 Chicago Title
$299,900 Arizona Title Agency Inc
-- Guaranty Title Agency
$295,000 Guaranty Title Agency Inc
$63,000 Fidelity Title
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 $673,400
Previous Owner $100,000
Previous Owner $131,250
Previous Owner $239,920
Previous Owner $250,750
Previous Owner $250,750
Previous Owner $96,000
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
10/13/2020 10/13/20 Sold $650,000 -5.0% $271 / Sq Ft
10/07/2020 10/07/20 Price Changed $684,000 0.0% $285 / Sq Ft
10/01/2020 10/01/20 Price Changed $684,000 0.0% $285 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
08/15/2020 08/15/20 Price Changed $684,000 -0.1% $285 / Sq Ft
07/30/2020 07/30/20 For Sale $685,000 +82.7% $286 / Sq Ft
09/19/2019 09/19/19 Sold $375,000 0.0% $157 / Sq Ft View Prior Sale
08/14/2019 08/14/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $375,000 -- $157 / 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 $1,505 $11,588
2024 $1,405 $11,036
2023 $1,405 $54,000 $10,800 $43,200
2022 $1,397 $34,480 $6,890 $27,590
2021 $1,421 $23,680 $4,730 $18,950
2020 $1,385 $22,110 $4,420 $17,690
2019 $1,325 $18,870 $3,770 $15,100
2018 $1,281 $18,230 $3,640 $14,590
2017 $1,176 $13,670 $2,730 $10,940
2016 $1,134 $12,650 $2,530 $10,120
2015 $1,055 $10,920 $2,180 $8,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6110958

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-27-019

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