NOT LISTED FOR SALE

1615 W Desert Cove Ave Phoenix, AZ 85029

North Mountain Village Neighborhood

Estimated Value: $358,000 - $630,000

-- Bed
3 Baths
2,193 Sq Ft
$252/Sq Ft Est. Value

Last Sold May 12, 2022

Last sale price $560,000 $255 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,339/month

21 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating System Uses Natural Gas
  • Sunnyslope High School Rated A

About This Home

As of May 2022

Fantastic income producing property! All 3 units total 2193 Sq Ft. All units currently occupied w/long-time reliable tenants renting month-to-month. Duplex Units rent could easily be raised to $850.00 each. Main house could rent for $1,100.00. All units remodeled approx 5 yrs ago w/dual pane windows, kitchen & bath upgrades, blinds, ceiling fans, painting, patio roofs, & more.
This is a low maintenance, hands off, income producing, multi-family in an excellent location! Each unit has covered parking & laundry hook-ups. New A/C unit #2 in 2018, New Refrigerator #2-2020, Newer Carport roofing-all units. Newer kitchen faucets/disposals all units. Front landscaping rock-2022.
DO NOT WALK THE GROUNDS OR DISTURB THE TENANTS!! NO SHOWINGS WITHOUT AN ACCEPTED CONTRACT!! Front unit is separate dwelling. Sq footage is 870 and rents for $685.
The duplex building has 661 sq ft each unit. $660 a month-each unit.

Last Agent to Sell the Property

Linda Tyler

HomeSmart License #BR028178000 Listed on: 03/27/2022

HomeSmart

Last Buyer's Agent

Ulises Sandoval

Coldwell Banker Realty License #BR632595000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,696

Year Built

  • Built in 1974

Lot Details

  • 8,886

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

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

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 3
  • Assessor Parcel Number 159-14-008-J

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are (147.99 x 60.01) Refer to tax records to confirm
  • Desert Cove Extension Lots 1 4, 13 20, 29 32 Subdivision

Building Details

  • Operating Expense $5,620
  • Gross Income $24,060
  • Net Operating Income $17,552

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,696

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: 19th Ave & Peoria
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Year Built: 1974
  • Tax Year: 2021
  • Directions: North on 19th Ave. East on Desert Cove.
  • Road Surface Type: Gravel, Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: cril01
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: DESERT COVE EXTENSION LOTS 1-4, 13-20, 29-32
  • Tax Parcel Letter: J
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block, Slump Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Attached: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 2670.0

Lot Info

  • Lot Size: (147.99 x 60.01) Refer to tax records to confirm
  • Additional Parcels: No
  • Parcel #: 159-14-008-J

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 24060.0
  • Insurance Expense: 1254.0
  • Property Net Operating Income: 17552.0
  • Annual Operating Expense: 5620.0

Tax Info

  • Tax Annual Amount: 1696.0
  • Tax Book Number: 159.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2022
Closed on
May 10, 2022
Sold by
Leadros Cheryl L
Bought by
Tenorio Rodrigo Palacios and Palacios Diane Marie
Seller's Agent
Linda Tyler
HomeSmart
Buyer's Agent
Ulises Sandoval
Coldwell Banker Realty
List Price
$650,000
Sold Price
$560,000
Premium/Discount to List
-$90,000
-13.85%
Current Estimated Value
$582,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,985
Avg. Annual Appreciation
-0.43%
Original Mortgage
$420,000
Outstanding Balance
$399,936
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$152,278

Purchase Details

Listed on
Dec 3, 2016
Closed on
Feb 27, 2017
Sold by
Fitzgerald Pamela
Bought by
Leadros Cheryl L
Seller's Agent
Manuel Valente
Realty ONE Group
Buyer's Agent
Linda Tyler
HomeSmart
List Price
$214,900
Sold Price
$204,900
Premium/Discount to List
-$10,000
-4.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.33%
Original Mortgage
$153,675
Interest Rate
4.12%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tenorio Rodrigo Palacios $560,000 New Title Company Name
Leadros Cheryl L -- First Arizona Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tenorio Rodrigo Palacios $420,000
Previous Owner Leadros Cheryl L $153,050
Previous Owner Leadros Cheryl L $153,675
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2022 05/12/22 Sold $560,000 +1.8% $255 / Sq Ft
04/14/2022 04/14/22 Price Changed $550,000 -12.0% $251 / Sq Ft
04/05/2022 04/05/22 Price Changed $625,000 -3.8% $285 / Sq Ft
03/25/2022 03/25/22 For Sale $650,000 +217.2% $296 / Sq Ft
02/28/2017 02/28/17 Sold $204,900 0.0% $93 / Sq Ft
01/19/2017 01/19/17 Pending -- -- --
01/10/2017 01/10/17 Price Changed $204,900 -2.4% $93 / Sq Ft
12/16/2016 12/16/16 Price Changed $209,900 -2.3% $96 / Sq Ft
12/03/2016 12/03/16 For Sale $214,900 +10.2% $98 / Sq Ft
11/30/2015 11/30/15 Sold $195,000 -14.8% $89 / Sq Ft
11/05/2015 11/05/15 Pending -- -- --
08/13/2015 08/13/15 For Sale $229,000 +102.7% $104 / Sq Ft
05/15/2013 05/15/13 Sold $113,000 -5.8% $52 / Sq Ft
01/10/2013 01/10/13 Pending -- -- --
01/02/2013 01/02/13 For Sale $120,000 -- $55 / 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 $1,763 $14,411 -- --
2024 $1,731 $13,725 -- --
2023 $1,731 $35,930 $7,180 $28,750
2022 $1,674 $25,120 $5,020 $20,100
2021 $1,696 $21,630 $4,320 $17,310
2020 $1,653 $19,450 $3,890 $15,560
2019 $1,623 $16,870 $3,370 $13,500
2017 $989 $10,706 $1,156 $9,550
Source: Public Records

Agents Affiliated with this Home

  • Linda Tyler

    Seller's Agent in 2022

    Linda Tyler

    HomeSmart

    (480) 837-7653

    1 in this area

    8 Total Sales

    Section Image
  • Ulises Sandoval

    Buyer's Agent in 2022

    Ulises Sandoval

    Coldwell Banker Realty

    (602) 501-5001

    8 in this area

    122 Total Sales

    Section Image
  • Manuel Valente

    Seller's Agent in 2017

    Manuel Valente

    Realty One Group

    (602) 708-4653

    4 in this area

    79 Total Sales

    Section Image
  • Mark Perkins

    Seller's Agent in 2015

    Mark Perkins

    HomeSmart

    (602) 518-8294

    2 in this area

    93 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2015

    Alexa Perkins

    HomeSmart

    Section Image

  • F

    Seller's Agent in 2013

    Frank Cruz

    Keller Williams Realty Phoenix

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6374451

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-14-008J

Arizona Maricopa County Phoenix 85029 North Mountain Village

1615 W Desert Cove Ave, Phoenix, AZ

This home is located at 1615 W Desert Cove Ave, Phoenix, AZ 85029 since 27 March 2022 and is currently estimated at $552,214, approximately $251 per square foot. This property was built in 1974. 1615 W Desert Cove Ave is a home located in Maricopa County with nearby schools including Shaw Butte School, Royal Palm Middle School, and Sunnyslope 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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