NOT LISTED FOR SALE

1617 E Oak St Phoenix, AZ 85006

Estimated Value: $414,000 - $654,000

-- Bed
4 Baths
-- Sq Ft
7,492 Sq Ft Lot

Last Sold April 18, 2016

Last sale price $155,000

Est. 243% increase in value since last sale

Current estimated payment $3,070/month

15 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • Central Heating

About This Home

As of April 2016

Sold Prior to MLS so included for comps purposes.**
Excellent Central Phoenix Location in popular ''hospital zone''. 100% Occupied. Triplex and a SF Home - one bedroom units in triples and 2 beds in SF. SF has an RV gate and private entrance. Rental upside - low expenses! Buyer to verify all items during the due diligence period.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 04/20/2016

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Rahima Athari

HomeSmart License #BR649712000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $798

Year Built

  • Built in 1946

Lot Details

  • 7,492

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Window Unit Heating System

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-B

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are irr
  • Ronalds Park Subdivision

Building Details

  • Gross Income $18,360
  • Net Operating Income $11,766

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$798

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: 16th Street and Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Year Built: 1946
  • Tax Year: 2015
  • Directions: South to Oak Street, East to property. Triplex in front - SF home in rear.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: RONALDS PARK
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition, Built-Up
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • 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
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, SRP
  • Cooling: Electric, Evaporative Cooling, Wall/Window Unit(s)
  • Heating: Individual, Central, Window/Wall Unit(s), Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): 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: 2796.0

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 117-15-032-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 18360.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 11766.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 798.0
  • Tax Block: 1
  • Tax Book Number: 117.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2022
Sold by
Triple Aw Llc
Bought by
Mary Antol Living Trust
Total Days on Market
15
Current Estimated Value
$532,022

Purchase Details

Closed on
May 14, 2018
Sold by
Triple Aw Llc
Bought by
Wrobel Mary

Purchase Details

Listed on
Apr 20, 2016
Closed on
Apr 19, 2016
Sold by
A2z Property Management Inc
Bought by
Triple A W Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Rahima Athari
HomeSmart
List Price
$155,000
Sold Price
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.46%
Original Mortgage
$153,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 20, 2016
Closed on
Apr 13, 2016
Sold by
Michael Freed Sp Llc
Bought by
A2z Property Management Inc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Rahima Athari
HomeSmart
List Price
$155,000
Sold Price
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 14, 2013
Closed on
Aug 20, 2013
Sold by
Besha Sara
Bought by
Michael Freed Sp Llc
Seller's Agent
Mavu Jaricha
DeLex Realty
Buyer's Agent
Virendra Manaktala
Knock Homes
List Price
$160,000
Sold Price
$124,000
Premium/Discount to List
-$36,000
-22.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.75%

Purchase Details

Closed on
Apr 27, 2010
Sold by
Gebretsadik Surafel M
Bought by
Beshe Sara

Purchase Details

Closed on
May 12, 2009
Sold by
Aurora Loan Services Llc
Bought by
Gebretsadik Surafel and Beshe Sara M

Purchase Details

Closed on
Aug 4, 2008
Sold by
Mendez Juan
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
May 20, 2005
Sold by
Mendez Graciela
Bought by
Mendez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2004
Sold by
Garcia Irais
Bought by
Vasquez Juan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,250
Interest Rate
9.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 6, 2002
Sold by
Salgado Miguel
Bought by
Garcia Irais

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
6.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 1998
Sold by
Salgado Euince
Bought by
Salgado Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,400
Interest Rate
10.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 4, 1995
Sold by
Stewart Rodney T and Stewart Lissa R
Bought by
Hale John T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.47%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 9, 1995
Sold by
Gamit Investment Inc
Bought by
Stewart Rodney T and Stewart Lissa R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.47%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 1, 1995
Sold by
Norwest Mtg Inc
Bought by
Gamit Investment Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.47%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 16, 1994
Sold by
Pascacio Francisco
Bought by
Norwest Mtg Inc
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
Mary Antol Living Trust -- --
Wrobel Mary -- None Available
Triple A W Llc $160,940 Title365 Agency
A2z Property Management Inc $155,000 Title365 Agency
Michael Freed Sp Llc $124,000 Title365 Agency
Beshe Sara -- None Available
Gebretsadik Surafel $33,000 Guaranty Title Agency
Aurora Loan Services Llc $175,647 None Available
Mendez Juan -- Security Title Agency Inc
Mendez Juan $200,000 Security Title Agency Inc
Vasquez Juan M $145,000 Fidelity National Title
Garcia Irais $125,000 Lawyers Title Of Arizona Inc
Salgado Miguel -- Stewart Title & Trust
Salgado Miguel $76,000 Stewart Title & Trust
Hale John T $50,000 Security Title Agency
Stewart Rodney T $22,000 North American Title Agency
Gamit Investment Inc $16,000 North American Title Agency
Norwest Mtg Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner A2z Property Management Inc $153,000
Previous Owner Mendez Juan $160,000
Previous Owner Vasquez Juan M $123,250
Previous Owner Garcia Irais $118,750
Previous Owner Salgado Miguel $68,400
Previous Owner Hale John T $40,000
Previous Owner Stewart Rodney T $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2016 04/18/16 Sold $155,000 0.0% --
04/05/2016 04/05/16 Pending -- -- --
03/21/2016 03/21/16 For Sale $155,000 +25.0% --
08/20/2013 08/20/13 Sold $124,000 -22.5% --
08/09/2013 08/09/13 Pending -- -- --
06/14/2013 06/14/13 For Sale $160,000 -- --
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 $1,006 $7,739 -- --
2024 $995 $7,371 -- --
2023 $995 $40,570 $8,110 $32,460
2022 $956 $30,650 $6,130 $24,520
2021 $979 $23,330 $4,660 $18,670
2020 $955 $19,550 $3,910 $15,640
2019 $948 $16,450 $3,290 $13,160
2018 $929 $12,930 $2,580 $10,350
2017 $893 $12,980 $2,590 $10,390
2016 $858 $10,670 $2,130 $8,540
2015 $798 $9,250 $1,850 $7,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5431290

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-15-032B