$124,000
SOLD AUG 20, 2013

1617 E Oak St Phoenix, AZ 85006

-- Bed
-- Bath
-- Sq Ft
7,492 Sq Ft Lot

Recently Sold

22% Below List Price

56 Days on Market

Highlights

  • Evaporated cooling system
  • Carpet
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of April 2016

Great location in the heart of Phoenix near the 51 and I-10 freeways and on bus routes for easy access by your tenants. The property has a single family residence with a tri-plex on the property providing a total of 4 rental units. Owner currently has tenants on month to month leases. Great return on investment makes this a GREAT POSITIVE CASHFLOW opportunity. Three units have been renovated from top to bottom.

Last Agent to Sell the Property

Mavu Jaricha

DeLex Realty License #SA635024000 Listed on: 06/14/2013

DeLex Realty

Last Buyer's Agent

Virendra Manaktala

Knock Homes License #SA639689000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $643

Year Built

  • Built in 1936

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Creighton Elementary School

Utilities

  • Evaporated cooling system
  • Heating Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 7500

Building Details

  • Operating Expense $4,143
  • Net Operating Income $16,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$643

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Cross Street: 16th Street and Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1936
  • Tax Year: 2012
  • Directions: South to Oak East on Oak Property on south side of street.
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • 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

Utilities

  • Electric: APS, Master Meter, Individual Meter
  • Cooling: Evaporative Cooling
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1000.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: Other
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 7500
  • Additional Parcels: No
  • Parcel #: 117-15-032

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Trash Collection, Electricity
  • Number Of Units Total: 4
  • Insurance Expense: 1000.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 16600.0
  • Annual Operating Expense: 4143.04
  • Vacancy Allowance Rate: 1.0

Tax Info

  • Tax Annual Amount: 643.04
  • 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
56
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 Type Sale Price Title Company
Special Warranty Deed -- --
Quit Claim Deed -- None Available
Cash Sale Deed $160,940 Title365 Agency
Warranty Deed $155,000 Title365 Agency
Cash Sale Deed $124,000 Title365 Agency
Quit Claim Deed -- None Available
Cash Sale Deed $33,000 Guaranty Title Agency
Trustee Deed $175,647 None Available
Interfamily Deed Transfer -- Security Title Agency Inc
Warranty Deed $200,000 Security Title Agency Inc
Warranty Deed $145,000 Fidelity National Title
Warranty Deed $125,000 Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Stewart Title & Trust
Warranty Deed $76,000 Stewart Title & Trust
Warranty Deed $50,000 Security Title Agency
Warranty Deed $22,000 North American Title Agency
Cash Sale Deed $16,000 North American Title Agency
Trustee Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $153,000 Commercial
Previous Owner $160,000 Purchase Money Mortgage
Previous Owner $123,250 Commercial
Previous Owner $118,750 Commercial
Previous Owner $68,400 Commercial
Previous Owner $40,000 Seller Take Back
Previous Owner $25,000 Commercial
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: 4953016

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-15-032B