NOT LISTED FOR SALE

1609 E Oak St Phoenix, AZ 85006

Estimated Value: $521,000 - $592,672

5 Beds
2 Baths
-- Sq Ft
0.32 Acres

Last Sold November 23, 2020

Last sale price $365,500

Est. 51% increase in value since last sale

Current estimated payment $3,274/month

182 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of November 2020

Perfect opportunity to own a rental in downtown Phoenix. TRIPLEX!!

This property consists of 2 units that are 2 bedrooms 1 bath and 1 unit that is 1 bedroom 1 bath. The 2 bedroom units have been fully renovated. New wood plank tile flooring, all new paint, tiled bathrooms, all new windows. Appliances will be added prior to close.

The one bedroom unit still needs renovation. Plumbing and electrical work.

Current price for -AS IS -

Property is secluded and very private Does NOT have street frontage, Access through the alley. LARGE LOT Fully surrounded by block wall .

Last Agent to Sell the Property

Vanessa Goodheart

DeLex Realty License #SA645415000 Listed on: 03/21/2020

DeLex Realty

Last Buyer's Agent

Eric Avdee

The Brokery License #SA653426000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,202

Year Built

  • Built in 1964

Lot Details

  • 0.32

Home Design

  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 5 Open Parking Spaces
  • 8 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 7 / 1
  • Assessor Parcel Number 117-15-032-E

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 13740
  • Ronalds Park Subdivision

Building Details

  • Operating Expense $2,202

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,202

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 16th St and Thomas Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi family
  • Number Of Buildings: 2
  • Year Built: 1964
  • Tax Year: 2019
  • Directions: S-16th St., E-Oak St, S (into alley), lot is on the left side with double gate
  • Road Surface Type: Alley
  • Subdivision Name: RONALDS PARK
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Other, See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Electric, Wall/Window Unit(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: None

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 13740
  • Additional Parcels: No
  • Parcel #: 117-15-032-E

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Operating Expense: 2202.0

Tax Info

  • Tax Annual Amount: 2202.0
  • Tax Block: 1
  • Tax Book Number: 117.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2020
Closed on
Sep 25, 2020
Sold by
Triple Point Investments Llc
Bought by
Lee Kevin
Seller's Agent
Vanessa Goodheart
DeLex Realty
Buyer's Agent
Eric Avdee
The Brokery
List Price
$347,000
Sold Price
$365,500
Premium/Discount to List
$18,500
5.33%
Total Days on Market
182
Current Estimated Value
$552,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,168
Avg. Annual Appreciation
10.48%
Original Mortgage
$358,879
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 30, 2019
Closed on
Apr 4, 2019
Sold by
Munoz Jose G
Bought by
Triple Point Investments Llc
Seller's Agent
Teresa Rubio-Acuna
Full House Realty of Arizona LLC
Buyer's Agent
Vanessa Goodheart
DeLex Realty
List Price
$159,000
Sold Price
$133,000
Premium/Discount to List
-$26,000
-16.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
85.93%
Original Mortgage
$138,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2009
Sold by
Munoz Maria Lourdes
Bought by
Munoz Jose G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 2009
Sold by
Bakerson Llc
Bought by
Munoz Jose G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Provident Funding Associates Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2009
Sold by
Provident Funding Associates Lp
Bought by
Bakerson Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2008
Sold by
Underwood Timothy and Aegis Wholesale Corp
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 28, 2007
Sold by
Kodrantes Arizona Llc
Bought by
Underwood Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
6.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 9, 2007
Sold by
Hunter Jerry
Bought by
Kodrantes Arizona Llc

Purchase Details

Closed on
Jul 27, 2005
Sold by
Vanmechelen Mitchell M and Briggs Matthew C
Bought by
Hunter Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 2005
Sold by
Quintanilla Magdalena
Bought by
Quintanilla Amando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2004
Sold by
Vanmechelen Mitchell M
Bought by
Vanmechelen Mitchell M and Briggs Matthew C

Purchase Details

Closed on
Dec 24, 2003
Sold by
Vanmechelen Angela
Bought by
Vanmechelen Mitchell M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,650
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Lee Kevin $353,000 Lawyers Title Of Arizona Inc
Triple Point Investments Llc $133,000 Lawyers Title Of Arizona Inc
Munoz Jose G -- Security Title Agency
Munoz Jose G $28,500 Security Title Agency
Provident Funding Associates Lp -- Fidelity Natl Title Ins Co
Bakerson Llc $23,000 Empire West Title Agency Llc
Federal Home Loan Mortgage Corporation $130,000 Fidelity National Title Ins
Underwood Timothy $145,000 None Available
Kodrantes Arizona Llc $156,000 None Available
Hunter Jerry $175,000 Alliance Title Partners
Quintanilla Amando -- --
Vanmechelen Mitchell M -- --
Vanmechelen Mitchell M -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Kevin $386,250
Previous Owner Lee Kevin $358,879
Previous Owner Triple Point Investments Llc $138,000
Previous Owner Munoz Jose G $18,000
Previous Owner Underwood Timothy $58,000
Previous Owner Underwood Timothy $164,800
Previous Owner Underwood Timothy $137,750
Previous Owner Hunter Jerry $140,000
Previous Owner Vanmechelen Mitchell M $82,650
Closed Hunter Jerry $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2020 11/23/20 Sold $365,500 +5.3% --
11/05/2020 11/05/20 For Sale $347,000 0.0% --
11/05/2020 11/05/20 Price Changed $347,000 0.0% --
10/27/2020 10/27/20 Price Changed $347,000 0.0% --
09/18/2020 09/18/20 Pending -- -- --
08/09/2020 08/09/20 Price Changed $347,000 -0.3% --
06/17/2020 06/17/20 For Sale $348,000 0.0% --
06/17/2020 06/17/20 Price Changed $348,000 -4.8% --
03/24/2020 03/24/20 Off Market $365,500 -- --
03/20/2020 03/20/20 For Sale $328,800 +147.2% --
04/08/2019 04/08/19 Sold $133,000 -16.4% --
03/20/2019 03/20/19 Pending -- -- --
01/30/2019 01/30/19 For Sale $159,000 -- --
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 $2,064 $17,973 -- --
2024 $2,040 $17,117 -- --
2023 $2,040 $38,810 $7,760 $31,050
2022 $1,953 $32,150 $6,430 $25,720
2021 $2,026 $28,870 $5,770 $23,100
2020 $2,218 $25,780 $5,150 $20,630
2019 $2,202 $21,580 $4,310 $17,270
2018 $2,157 $16,800 $3,360 $13,440
2017 $2,074 $16,220 $3,240 $12,980
2016 $1,491 $13,380 $2,670 $10,710
2015 $1,387 $12,460 $2,490 $9,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6054113

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-15-032E