NOT LISTED FOR SALE

1648 W Colter St Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $247,000 - $1,065,000

-- Bed
11 Baths
-- Sq Ft
0.68 Acres

Last Sold October 11, 2019

Last sale price $760,000

Est. 14% decrease in value since last sale

Current estimated payment $4,272/month

11 Days on Market

Highlights

  • Cooling Available
  • Community Playground
  • Heat Pump System
  • Solano School Rated 9+
  • Ceramic Tile Flooring

About This Home

As of October 2019

INVESTOR SPECIAL: 7 Door apartment bldg. plus two SFR structures on a rare 2/3 acre corner lot in desirable Central Phoenix. Lot is zoned R-3 and perfect for large scale multi-family development or renovate existing units. The current owner; a 501(c)(3) organization, has utilized the property as a residential substance abuse treatment facility. Units 1&2 and 5&6 of the apartment building have been converted to larger adjoining units. Easy to show with notification of showing request. LISTING AGENT IS A BOARD MEMBER OF THE 501(c)(3) organization selling the property.
All facts, figures, and matters of material importance to buyer shall be verified by buyer.

Last Agent to Sell the Property

Tim Broderick

HomeSmart License #SA556024000 Listed on: 07/12/2019

HomeSmart

Last Buyer's Agent

Eric Lambert

Versatile Properties License #SA680077000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,646

Year Built

  • Built in 1965

Lot Details

  • 0.68

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Free Parking
  • Paved Parking
  • On-Street Parking

Schools

  • Solano Elementary School
  • Osborn Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Legal Lot and Block 5 & 6 / 2
  • Assessor Parcel Number 156-39-033

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • Building Dimensions are 29,545
  • Nile Tract Blk 2 Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $44,522

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,646

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: 19th Avenue & Camelback
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2018
  • Directions: North on 19th Avenue to Colter St. East on Colter St to 17th Ave. North on 17th Ave to the parking lot on the right.
  • Road Surface Type: Asphalt
  • Subdivision Name: NILE TRACT BLK 2
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Free, 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Fuel Expense: 1404.0
  • Trash Expense: 5280.0
  • Annual Water Sewer Expense: 1920.0

Schools

  • Elementary School: Solano School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 29,545
  • Additional Parcels: No
  • Parcel #: 156-39-033

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 7
  • Electric Expense: 11748.0
  • Insurance Expense: 1404.0
  • Annual Operating Expense: 44522.0

Tax Info

  • Tax Block: 2
  • Tax Book Number: 156.00
  • Tax Lot: 5 & 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2019
Closed on
Oct 7, 2019
Sold by
Amigas New Casa De
Bought by
Edge Piece Llc
Seller's Agent
Tim Broderick
HomeSmart
Buyer's Agent
Eric Lambert
Versatile Properties
List Price
$755,000
Sold Price
$760,000
Premium/Discount to List
$5,000
0.66%
Current Estimated Value
$656,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$104,000
Avg. Annual Appreciation
-2.41%
Original Mortgage
$770,000
Outstanding Balance
$674,559
Interest Rate
3.5%
Mortgage Type
Small Business Administration
Estimated Equity
-$18,559

Purchase Details

Closed on
Jun 15, 1998
Sold by
Cardella Concetta
Bought by
Deamigas Casa De

Purchase Details

Closed on
Jun 25, 1979
Sold by
Kiley Joseph C and Kiley Martha A
Bought by
Cardella Gaetano and Cardella Concetta

Purchase Details

Closed on
Oct 26, 1978
Sold by
Melancon Harold P and Melancon Giralda D
Bought by
Kiley Joseph C and Kiley Martha A
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
Edge Piece Llc $760,000 Landmark Ttl Assurance Agcy
Deamigas Casa De $216,000 Stewart Title & Trust
Cardella Gaetano -- Chicago Title Insurance Co
Kiley Joseph C -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edge Piece Llc $770,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2019 10/11/19 Sold $760,000 0.0% --
07/22/2019 07/22/19 Price Changed $760,000 +0.7% --
07/11/2019 07/11/19 For Sale $755,000 -- --
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 $9,646 $76,863 -- --
2024 $9,318 $73,202 -- --
2023 $9,318 $104,640 $39,195 $65,445
2022 $9,266 $106,380 $50,580 $55,800
2021 $9,423 $89,445 $50,580 $38,865
2020 $9,185 $72,975 $34,005 $38,970
2019 $8,786 $67,800 $30,090 $37,710
2018 $0 $67,950 $29,550 $38,400
2017 $0 $58,815 $28,695 $30,120
2016 $0 $61,665 $32,310 $29,355
2015 -- $53,152 $26,784 $26,368
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Tim Broderick

    HomeSmart

    (480) 246-8944

    1 in this area

    28 Total Sales

    Tim Broderick
    Section Image

  • E

    Buyer's Agent in 2019

    Eric Lambert

    Versatile Properties

    (602) 687-9933

    1 in this area

    56 Total Sales

    Eric Lambert
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5951316

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-39-033

Arizona Maricopa County Phoenix 85015 Alhambra

1648 W Colter St, Phoenix, AZ

This home is located at 1648 W Colter St, Phoenix, AZ 85015 since 12 July 2019 and is currently estimated at $656,000. This property was built in 1965. 1648 W Colter St is a home located in Maricopa County with nearby schools including Solano School, Osborn Middle School, and Central 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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