$113,000
SOLD MAY 15, 2013

1615 W Desert Cove Ave Phoenix, AZ 85029

North Mountain Village Neighborhood
-- Bed
-- Bath
2,193 Sq Ft
8,886 Sq Ft Lot

Recently Sold

$52 Per Sq Ft

6% Below List Price

8 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Sunnyslope High School Rated A

About This Home

As of May 2022

ATTENTION INVESTORS! This listing is for 2 rental units; one duplex and one detached house. Units 1 & 3 currently occupied. Unit 1 rents for $550mo. and unit 3 rents for $563mo. Unit 2 previously rented for $561mo. Leases available upon request. All units are 2 bedrooms, 1 bathroom. House has covered carport. Take advantage of this short sale opportunity and start the new year with positive cash flow!

Last Agent to Sell the Property

Frank Cruz

Keller Williams Realty Phoenix License #SA577143000 Listed on: 01/08/2013

Co-Listed By

Valerie Crowner

Green Street Realty LLC

Last Buyer's Agent

Mark Perkins

HomeSmart License #SA575721000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $767

Year Built

  • Built in 1976

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • 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

Building Details

  • Gross Income $21,000
  • Net Operating Income $16,146

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$767

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: 19 TH AVE & PEORIA
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Mult
  • Number Of Buildings: 2
  • Year Built: 1976
  • Tax Year: 2012
  • Directions: 19TH AVE N OF PEORIA EAST ON DESERT COVE SOUTH SIDE OF RD AT 16TH AVE
  • Road Surface Type: Asphalt, Dedicated Street
  • Co List Office Mls Id: grsr01
  • Co List Office Phone: 602-714-7000
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Slump Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • 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

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2100.0

Lot Info

  • Lot Size: 18281
  • Additional Parcels: No
  • Parcel #: 159-14-008-E

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 21000.0
  • Insurance Expense: 600.0
  • Maintenance Expense: 400.0
  • Property Net Operating Income: 16146.0

Tax Info

  • Tax Annual Amount: 767.0
  • 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
1.29%
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
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 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

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

    Linda Tyler
    Section Image
  • Ulises Sandoval

    Buyer's Agent in 2022

    Ulises Sandoval

    Coldwell Banker Realty

    (602) 501-5001

    8 in this area

    122 Total Sales

    Ulises Sandoval
    Section Image
  • Manuel Valente

    Seller's Agent in 2017

    Manuel Valente

    Realty One Group

    (602) 708-4653

    4 in this area

    79 Total Sales

    Manuel Valente
    Section Image
  • Mark Perkins

    Seller's Agent in 2015

    Mark Perkins

    HomeSmart

    (602) 518-8294

    2 in this area

    98 Total Sales

    Mark Perkins
    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: 4871127

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 and is currently priced at $113,000, approximately $51 per square foot. This property was built in 1976. 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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