NOT LISTED FOR SALE

1635 E Oak St Phoenix, AZ 85006

Estimated Value: $660,000

-- Bed
-- Bath
2,710 Sq Ft
$244/Sq Ft Est. Value

Last Sold February 16, 2018

Last sale price $348,000 $128 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $4,274/month

2 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of February 2018

A repositioned triplex in a gentrifying neighborhood with value still to be added by easily increasing rents on two of the units. Prime location close to the 51 freeway, Downtown Phoenix and Phoenix Children’s Hospital. This triplex consists of two 2bd/1ba units each approx. 1,000 SF, plus one 1bd/1ba unit approx. 750 SF. Solid paying tenants in all three units. All units large, open and have big bedrooms/closets (not typical for this area). Additional storage units with washer and dryer hook-ups. Brand new roof in 2017. Updated plumbing and electrical in all three units. Unit 1 was updated in 2017, including re-pipe, new water heater, modern aesthetic remodel and washer/dryer added to it’s storage unit. Other two units (2 & 3) are clean with hard surfaces/ceramic tile flooring and could have rents increased substantially with some cosmetic updates proven by rent achieved in Unit 1. Unit 1 rent $1,200/mo Unit 2 rent $550/mo Unit 3 rent $700/mo. Total rents of $2,450/mo. HUGE lot with potential to add an additional unit. Also, owner of vacant lot to South of property has expressed interest in selling which provides potential to add multiple units!

Last Agent to Sell the Property

Christopher Pike

My Home Group Real Estate License #SA655610000 Listed on: 01/16/2018

My Home Group Real Estate

Co-Listed By

Evan Johnson

My Home Group Real Estate License #SA650111000

Last Buyer's Agent

Matthew Dusold

My Home Group Real Estate License #BR661671000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,074

Year Built

  • Built in 1958

Lot Details

  • 0.32

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 12 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Schools

  • Creighton Elementary School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 8 / 1
  • Assessor Parcel Number 117-15-034-B

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 100' X 139'
  • Ronalds Park Subdivision

Building Details

  • Operating Expense $6,660
  • Gross Income $27,930

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,074

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 16th Street & Thomas Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2017
  • Directions: Take the Thomas Rd. exit heading West from 51 Freeway. Turn South on 16th St. from Thomas Rd. Turn East on Oak St. from 16th St. Property is located on South side of Oak St.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: gred02
  • Subdivision Name: RONALDS PARK
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Assigned, Add'l Parking Avail, 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 3117.0

Schools

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

Lot Info

  • Lot Size: 100' X 139'
  • Additional Parcels: No
  • Parcel #: 117-15-034-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 27930.0
  • Insurance Expense: 549.0
  • Maintenance Expense: 1200.0
  • Annual Operating Expense: 6660.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1074.0
  • Tax Block: 1
  • Tax Book Number: 117.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2018
Closed on
Feb 5, 2018
Sold by
Pike Christopher
Bought by
Dockins Christopher
Seller's Agent
Christopher Pike
My Home Group Real Estate
Buyer's Agent
Matthew Dusold
My Home Group Real Estate
List Price
$325,000
Sold Price
$348,000
Premium/Discount to List
$23,000
7.08%
Current Estimated Value
$660,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,000
Original Mortgage
$341,696
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 1, 2016
Closed on
Nov 4, 2016
Sold by
Fulleton Michael E and Fulleton Paula L
Bought by
Pike Christopher
Seller's Agent
Vincent Fiore
Compass
Buyer's Agent
Christopher Pike
My Home Group Real Estate
List Price
$219,000
Sold Price
$184,000
Premium/Discount to List
-$35,000
-15.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.07%
Original Mortgage
$180,667
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 14, 2005
Sold by
Perez Sergio O
Bought by
Fulleton Michael F and Fulleton Paula L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,750
Interest Rate
5.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2004
Sold by
Perez Diana N
Bought by
Perez Sergio O

Purchase Details

Closed on
Aug 13, 2003
Sold by
Perez Sergio
Bought by
Perez Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
9.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 1999
Sold by
Cervantes Ana Marie and Cervantes Fernanda
Bought by
Perez Sergio and Perez Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 27, 1997
Sold by
Arturo Jose Carmelo and Romero Guana
Bought by
Cervantes Ana Maria and Cervantes Fernando

Purchase Details

Closed on
Apr 24, 1995
Sold by
Coffee David R and Coffee David Robin
Bought by
Romero Jose Carmelo Arturo Gauna
Source: Public Records

Range of Values:

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Average Value
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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
Dockins Christopher $348,000 Fidelity National Title Agen
Pike Christopher $184,000 Security Title Agency Inc
Fulleton Michael F $213,711 Stewart Title & Trust Of Pho
Perez Sergio O -- --
Perez Diana -- Fidelity National Title
Perez Sergio $100,000 Fidelity National Title
Cervantes Ana Maria -- --
Romero Jose Carmelo Arturo Gauna $85,561 First American Title
Romero Jose Carmelo Arturo Gauna -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dockins Christopher $318,500
Closed Dockins Christopher L $335,872
Closed Dockins Christopher $341,696
Previous Owner Pike Christopher $180,667
Previous Owner Fulleton Michael F $116,341
Previous Owner Fulleton Michael F $50,000
Previous Owner Fulleton Michael F $133,750
Previous Owner Perez Diana $139,500
Previous Owner Perez Diana $139,500
Previous Owner Perez Sergio $80,000
Closed Perez Sergio $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2018 02/16/18 Sold $348,000 +7.1% $128 / Sq Ft
01/18/2018 01/18/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $325,000 +76.6% $120 / Sq Ft
12/06/2016 12/06/16 Sold $184,000 -7.5% $68 / Sq Ft
11/28/2016 11/28/16 Price Changed $199,000 0.0% $73 / Sq Ft
10/10/2016 10/10/16 Pending -- -- --
09/13/2016 09/13/16 Price Changed $199,000 -4.8% $73 / Sq Ft
08/14/2016 08/14/16 Price Changed $209,000 -4.6% $77 / Sq Ft
07/01/2016 07/01/16 For Sale $219,000 -- $81 / 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
2021 $1,150 $27,050 $5,410 $21,640
2020 -- $23,550 $4,710 $18,840
2019 -- $19,750 $3,950 $15,800
2018 -- $17,080 $3,410 $13,670
2017 -- $14,910 $2,980 $11,930
2016 -- $12,630 $2,520 $10,110
2015 -- $10,600 $2,120 $8,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5709917

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-15-034B