NOT LISTED FOR SALE

1602 N 17th Ave Phoenix, AZ 85007

Estimated Value: $607,000 - $752,000

-- Bed
-- Bath
2,411 Sq Ft
$282/Sq Ft Est. Value

Last Sold May 31, 2016

Last sale price $207,000 $86 Per Sq Ft

Est. 228% increase in value since last sale

Current estimated payment $3,911/month

227 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Maie Bartlett Heard Elementary School Rated 9+

About This Home

As of May 2016

Excellent investment opportunity in Historic Fairview Place! Great unit mix with 3 two bed units and 1 one bed unit! Easy to rent and there is upside on the rents! Remodeled and done right! Windows meet Historic requirements and they are dual pane! Newer roof and HVACs! Tile floors throughout! Updated electric! Lots of great stuff here! Buyer to verify all items during the due diligence period. Rents just increased on two units! Two units at $515, one at $495 and Unit 4 is on the market for $425. Subject to official cancellation of current escrow.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 09/09/2015

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Thomas Rizen

RAN Realty & Property Management License #BR006348000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,152

Year Built

  • Built in 1946

Lot Details

  • 6,273

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 46 / 5
  • Assessor Parcel Number 111-07-023

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Fairview Place Blks 5 8 Subdivision

Building Details

  • Operating Expense $7,424
  • Gross Income $22,230
  • Net Operating Income $14,925

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,152

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: 17th Ave/McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2014
  • Directions: On NWC of 17th Ave and McDowell
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: FAIRVIEW PLACE BLKS 5-8
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit
  • 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

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3263.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 111-07-023

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 22230.0
  • Insurance Expense: 1009.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 14925.0
  • Annual Operating Expense: 7424.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1152.0
  • Tax Block: 5
  • Tax Book Number: 111.00
  • Tax Lot: 46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2015
Closed on
May 24, 2016
Sold by
Tolly Asset Management Llc
Bought by
Breuer Todd and Breuer Quinn
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Thomas Rizen
RAN Realty & Property Management
List Price
$219,000
Sold Price
$207,000
Premium/Discount to List
-$12,000
-5.48%
Total Days on Market
227
Current Estimated Value
$679,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$472,500
Avg. Annual Appreciation
14.05%
Original Mortgage
$155,250
Outstanding Balance
$125,264
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$554,236

Purchase Details

Closed on
Jun 10, 2009
Sold by
Citibank Na
Bought by
Tolly Asset Management Llc

Purchase Details

Closed on
Apr 22, 2009
Sold by
Guerrero Eduardo
Bought by
Citibank Na

Purchase Details

Closed on
Apr 24, 2006
Sold by
Palma Armando and Palma Cristela V
Bought by
Guerrero Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 1998
Sold by
Abril Johnny M and Abril Cynthia E
Bought by
Palma Armando and Palma Cristela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,591
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
May 29, 1994
Sold by
Abril Albert L and Abril Belia M
Bought by
Abril Johnny M and Abril Cynthia E
Source: Public Records

Range of Values:

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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
Breuer Todd $207,000 Chicago Title Agency Inc
Tolly Asset Management Llc $42,736 Chicago Title
Citibank Na $197,948 None Available
Guerrero Eduardo $265,000 Stewart Title & Trust Of Pho
Palma Armando $75,000 Stewart Title & Trust
Abril Johnny M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Breuer Todd $155,250
Previous Owner Guerrero Eduardo $185,500
Previous Owner Guerrero Eduardo $53,000
Previous Owner Palma Armando $37,000
Previous Owner Palma Armando $93,112
Previous Owner Palma Armando $74,591
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2016 05/31/16 Sold $207,000 -5.5% $86 / Sq Ft
09/09/2015 09/09/15 For Sale $219,000 -- $91 / 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 $1,327 $9,920 -- --
2024 $1,314 $9,448 -- --
2023 $1,314 $42,480 $8,490 $33,990
2022 $1,267 $40,370 $8,070 $32,300
2021 $1,257 $33,680 $6,730 $26,950
2020 $1,272 $27,620 $5,520 $22,100
2019 $1,270 $22,360 $4,470 $17,890
2018 $1,248 $16,970 $3,390 $13,580
2017 $1,219 $15,720 $3,140 $12,580
2016 $1,184 $12,660 $2,530 $10,130
2015 $1,096 $10,420 $2,080 $8,340
Source: Public Records

Agents Affiliated with this Home

  • Lloyd Kaipainen

    Seller's Agent in 2016

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2016

    Lois Kaipainen

    Income Property Shop

    Section Image
  • Thomas Rizen

    Buyer's Agent in 2016

    Thomas Rizen

    RAN Realty & Property Management

    (480) 844-0600

    29 Total Sales

    Thomas Rizen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5332179

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-07-023

Arizona Maricopa County Phoenix 85007

1602 N 17th Ave, Phoenix, AZ

This home is located at 1602 N 17th Ave, Phoenix, AZ 85007 since 09 September 2015 and is currently estimated at $679,500, approximately $281 per square foot. This property was built in 1946. 1602 N 17th Ave 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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