NOT LISTED FOR SALE

Estimated Value: $968,000 - $991,000

4 Beds
-- Bath
2,760 Sq Ft
$357/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $950,000 $344 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,320/month

99 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of June 2023

Remodeled 4 plex near the Coronado Historic District on a large 11,614 sqft lot. All units are 2 bedroom 1 bath, two of the units have private patios. Covered parking and guest parking, large yard with BBQ area, owned community laundry. Near arts districts, midtown, downtown, all of the new restaurants, bars, shopping, dining and more! Current leases: unit 1 $1295, unit 2 $1350, unit 3 $1250 unit 4 $1250, all plus admin/pm fees & taxes

Last Agent to Sell the Property

Jonathan Leaman

America One Luxury Real Estate Brokerage Phone: 602-750-4285 License #SA648438000 Listed on: 02/23/2023

Last Buyer's Agent

Janice Delong

HomeSmart License #SA519175000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,379

Year Built

  • Built in 1971

Lot Details

  • 0.27

Home Design

  • Built-Up Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 8 Parking Spaces
  • Carport
  • On-Street Parking
  • Assigned Parking

Schools

  • Creighton Elementary School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, landscaping
  • Legal Lot and Block 7 / 4
  • Assessor Parcel Number 117-16-071-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11,614 sf
  • Mcdowell Manors Subdivision

Building Details

  • Operating Expense $1,379
  • Gross Income $52,650
  • Net Operating Income $36,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,379

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: McDowell and 18th st
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 22
  • Attribution Contact: 602-750-4285
  • Road Surface Type: Asphalt
  • Subdivision Name: MCDOWELL MANORS
  • Tax Parcel Letter: B
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: None, Assigned, Add'l Parking Avail, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features:Assigned: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Individual
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

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

Lot Info

  • Lot Size: 11,614 sf
  • Additional Parcels: No
  • Parcel #: 117-16-071-B

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 52650.0
  • Property Net Operating Income: 36700.0
  • Annual Operating Expense: 1379.0

Tax Info

  • Tax Annual Amount: 1379.0
  • Tax Block: 4
  • Tax Book Number: 117.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2023
Closed on
Jun 23, 2023
Sold by
Connor Jared Matthew
Bought by
Owens Deborah
Seller's Agent
Jonathan Leaman
America One Luxury Real Estate
Buyer's Agent
Janice Delong
HomeSmart
List Price
$1,050,000
Sold Price
$950,000
Premium/Discount to List
-$100,000
-9.52%
Views
165
Current Estimated Value
$984,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,398
Avg. Annual Appreciation
1.59%
Original Mortgage
$550,000
Outstanding Balance
$536,356
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$448,042

Purchase Details

Closed on
Feb 22, 2019
Sold by
Granada Trio Llc
Bought by
Connor Jared Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Listed on
Oct 20, 2014
Closed on
Nov 14, 2014
Sold by
Plath Israel and Plath Mary Lou
Bought by
Granada Trio Llc
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$144,900
Sold Price
$155,000
Premium/Discount to List
$10,100
6.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.56%
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
Owens Deborah $950,000 Navi Title Agency
Connor Jared Matthew $470,000 First American Title Ins Co
Granada Trio Llc $150,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Owens Deborah $550,000
Previous Owner Connor Jared Matthew $470,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $950,000 -3.6% $344 / Sq Ft
05/23/2023 05/23/23 Price Changed $985,000 -1.0% $357 / Sq Ft
03/19/2023 03/19/23 Price Changed $995,000 -5.2% $361 / Sq Ft
02/23/2023 02/23/23 For Sale $1,050,000 +577.4% $380 / Sq Ft
11/18/2014 11/18/14 Sold $155,000 +7.0% $56 / Sq Ft
10/27/2014 10/27/14 Pending -- -- --
10/20/2014 10/20/14 For Sale $144,900 -- $53 / 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 $1,453 $11,173 -- --
2024 $1,436 $10,641 -- --
2023 $1,436 $59,870 $11,970 $47,900
2022 $1,379 $43,500 $8,700 $34,800
2021 $1,413 $28,170 $5,630 $22,540
2020 $1,379 $24,220 $4,840 $19,380
2019 $1,369 $20,320 $4,060 $16,260
2018 $1,341 $13,860 $2,770 $11,090
2017 $1,289 $13,520 $2,700 $10,820
2016 $1,239 $13,550 $2,710 $10,840
2015 $1,153 $11,530 $2,300 $9,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6525020

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-16-071B