1615 W Desert Cove Ave Phoenix, AZ 85029
North Mountain Village Neighborhood
--
Bed
--
Bath
2,193
Sq Ft
8,886
Sq Ft Lot
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating System Uses Natural Gas
- Sunnyslope High School Rated A
About This Home
As of May 2022Great income producing property, with even greater potential. All units completely remodeled 2 years ago. Enjoy a low maintenance, hands-off, income producing, multi-family property with a huge open lot zoned to build another 8 units. 3 total units currently, all of which had extensive remodeling 2 years ago, including new kitchens, baths, dual pane windows, blinds and ceiling fans throughout, interior and exterior painting, patio roofs and more. Should be low ongoing maintenance for years to come. All units currently occupied, with a monthly rental income of $1,800. Long term tenants hope to stay even longer. Each unit has it's own covered parking and laundry hook-ups. Turn this property into an 11-unit cash-flow machine.
Last Agent to Sell the Property
HomeSmart Brokerage Phone: 6025188294 License #SA575721000 Listed on: 08/13/2015
Co-Listed By
Alexa Perkins
HomeSmart Brokerage Phone: 6025188294 License #SA651514000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,040
Year Built
- Built in 1974
Home Design
- Composition Roof
- Block Exterior
Flooring
- Carpet
- Concrete
- Ceramic Tile
- Vinyl
Parking
- 3 Parking Spaces
- 3 Covered Spaces
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for trash collection, water, sewer
- Tax Lot 3
- Assessor Parcel Number 159-14-008-E
Community Details
Overview
- 2 Buildings
- 3 Units
- Building Dimensions are 18281
- Desert Cove Subdivision
Building Details
- Gross Income $21,600
- Net Operating Income $16,160
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
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
1.26%
Original Mortgage
$420,000
Outstanding Balance
$399,936
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$183,049
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
Similar Home in Phoenix, AZ
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $560,000 | New Title Company Name | |
| Warranty Deed | -- | First Arizona Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $420,000 | New Conventional | |
| Previous Owner | $153,050 | New Conventional | |
| Previous Owner | $153,675 | New Conventional |
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
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
-
Ulises Sandoval
Buyer's Agent in 2022
Ulises Sandoval
Coldwell Banker Realty
(602) 501-5001
8 in this area
121 Total Sales
-
Manuel Valente
Seller's Agent in 2017
Manuel Valente
Realty One Group
(602) 708-4653
4 in this area
79 Total Sales
-
Mark Perkins
Seller's Agent in 2015
Mark Perkins
HomeSmart
(602) 518-8294
2 in this area
99 Total Sales
-
A
Seller Co-Listing Agent in 2015
Alexa Perkins
HomeSmart
-
F
Seller's Agent in 2013
Frank Cruz
Keller Williams Realty Phoenix
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5320298
APN: 159-14-008J
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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