NOT LISTED FOR SALE

1649 E Oak St Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $550,000 - $1,166,595

-- Bed
1 Bath
840 Sq Ft
$1,140/Sq Ft Est. Value

Last Sold November 24, 2014

Last sale price $320,000 $381 Per Sq Ft

Est. 199% increase in value since last sale

Current estimated payment $5,230/month

6 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of November 2014

10 unit property in Phoenix, AZ. This is the secret property where everyone wants to live near Oak St. Tall trees and fencing surround the entire property providing shade and a secluded community feel. A secluded community vibe is the ''hook in the mouth'' for tenants in this area because of the security and tranquility is provides for young families. This has resulted in very strong occupancy for over 20 years! This property is a cash cow. This is a great property for a Buy & Hold Investor or a value added investor looking for a property with a lot of upside potential in the rents. Trailing 12 Financials are available upon request.

Last Agent to Sell the Property

Steven Halen

R & S PREMIER HOMES License #BR647547000 Listed on: 11/05/2014

Last Buyer's Agent

Jared Piper

My Home Group Real Estate License #SA644292000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,230

Year Built

  • Built in 1950

Lot Details

  • 0.64

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Schools

  • Creighton Elementary School
  • Carl Hayden High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 9
  • Assessor Parcel Number 117-15-037

Community Details

Overview

  • 5 Buildings
  • 10 Units
  • Building Dimensions are 27,900 square feet
  • Ronalds Park Lot 9 And 10 Subdivision

Building Details

  • Operating Expense $1,230
  • Gross Income $59,097
  • Net Operating Income $33,115

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,230

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: Thomas and 16th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 5
  • Year Built: 1950
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Subdivision Name: Ronalds Park Lot 9 and 10
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Schools

  • Elementary School: Creighton Elementary School
  • High School: Carl Hayden High School
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 27,900 square feet
  • Additional Parcels: No
  • Parcel #: 117-15-037

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: None
  • Number Of Units Total: 10
  • Annual Gross Income: 59097.25
  • Property Net Operating Income: 33115.0
  • Annual Operating Expense: 1230.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1230.0
  • Tax Book Number: 117.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2015
Sold by
Scooter Investments Llc
Bought by
Vista Dos Llc
Current Estimated Value
$957,532

Purchase Details

Listed on
Nov 5, 2014
Closed on
Dec 10, 2014
Sold by
Rize Real Estate Group Llc
Bought by
Vista Dos Llc
Seller's Agent
Steven Halen
R & S PREMIER HOMES
Buyer's Agent
Jared Piper
My Home Group Real Estate
List Price
$414,950
Sold Price
$320,000
Premium/Discount to List
-$94,950
-22.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.46%

Purchase Details

Listed on
Nov 5, 2014
Closed on
Nov 20, 2014
Sold by
Hoke & Hughes Organization Llc
Bought by
Scooter Investments Llc
Seller's Agent
Steven Halen
R & S PREMIER HOMES
Buyer's Agent
Jared Piper
My Home Group Real Estate
List Price
$414,950
Sold Price
$320,000
Premium/Discount to List
-$94,950
-22.88%

Purchase Details

Closed on
Oct 27, 2011
Sold by
Iou Llc
Bought by
Hoke & Hughes Org Llc

Purchase Details

Closed on
Jun 21, 2011
Sold by
Perfect Storm Real Estate Investments Ll
Bought by
Iou Llc

Purchase Details

Closed on
Jan 3, 2011
Sold by
Sanchez Ismael A and Sanchez Maria Eugenia C
Bought by
Perfect Storm Real Estate Investments Ll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
4.43%
Mortgage Type
Commercial

Purchase Details

Closed on
May 2, 2006
Sold by
Jafri Ijaz and Jafri Azra
Bought by
Sanchez Ismael A and Sanchez Maria Eugenia C

Purchase Details

Closed on
Jun 28, 2005
Sold by
Balta Aurel F
Bought by
Jafri Ijaz and Jafri Azra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,400
Interest Rate
5.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2000
Sold by
Nica Florin and Nica Maria
Bought by
Balta Aurel F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.24%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 3, 1998
Sold by
Spade Roger W
Bought by
Nica Florin and Nica Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,875
Interest Rate
6.69%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 5, 1995
Sold by
Spade Roger A and Spade Kathleen
Bought by
Spade Roger W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,000
Interest Rate
7.59%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vista Dos Llc $360,000 Great Amer Title Agency Inc
Vista Dos Llc -- None Available
Scooter Investments Llc $320,000 Magnus Title Agency
Hoke & Hughes Org Llc $207,000 First American Title Ins Co
Iou Llc -- Accommodation
Perfect Storm Real Estate Investments Ll $123,000 Equity Title Agency Inc
Sanchez Ismael A $580,000 Great American Title Agency
Jafri Ijaz $472,000 Dhi Title Of Arizona Inc
Balta Aurel F $250,000 Transnation Title Insurance
Nica Florin $118,000 Security Title Agency
Spade Roger W $95,799 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perfect Storm Real Estate Investments Ll $82,500
Previous Owner Jafri Ijaz $330,400
Previous Owner Balta Aurel F $150,000
Previous Owner Nica Florin $19,875
Previous Owner Spade Roger W $19,000
Closed Spade Roger W $39,998
Closed Balta Aurel F $37,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2014 11/24/14 Sold $320,000 -22.9% $381 / Sq Ft
11/11/2014 11/11/14 Pending -- -- --
11/05/2014 11/05/14 For Sale $414,950 -- $494 / 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 $2,258 $16,719 -- --
2024 $2,148 $15,923 -- --
2023 $2,148 $83,470 $16,690 $66,780
2022 $2,064 $58,470 $11,690 $46,780
2021 $2,114 $43,960 $8,790 $35,170
2020 $2,063 $37,670 $7,530 $30,140
2019 $2,048 $34,480 $6,890 $27,590
2018 $2,006 $30,720 $6,140 $24,580
2017 $1,929 $24,620 $4,920 $19,700
2016 $1,854 $19,970 $3,990 $15,980
2015 $1,725 $17,070 $3,410 $13,660
Source: Public Records

Agents Affiliated with this Home

  • Steven Halen

    Seller's Agent in 2014

    Steven Halen

    R & S PREMIER HOMES

    (480) 253-0071

    133 Total Sales

    Steven Halen
    Section Image

  • J

    Buyer's Agent in 2014

    Jared Piper

    My Home Group

    (602) 618-0103

    21 Total Sales

    Jared Piper
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5195659

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-15-037

Arizona Maricopa County Phoenix 85006 Central City

1649 E Oak St, Phoenix, AZ

Not Listed for Sale

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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