NOT LISTED FOR SALE

1741 W Desert Cove Ave Unit 1-2 Phoenix, AZ 85029

North Mountain Village Neighborhood

Estimated Value: $251,000 - $463,573

-- Bed
2 Baths
702 Sq Ft
$477/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $580,000 $826 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $1,834/month

6 Days on Market

About This Home

As of May 2022

CASH COW DUPLEX!! Two separate dwellings with their own parking and large backyards. Both units are 2 bed 1 bath totaling 1404 sqft. Front unit is getting $1,700/mo on a year lease with the back unit left available for buyers to view, but will be very easy to rent for $1,500-1,600/mo. New mini split HVAC systems in both units and a significant amount of additional work completed one the past few months. New appliances including washer/dryer in both units that convey with sale. Do not miss this incredible opportunity!

Last Agent to Sell the Property

Colby McMahon

Keller Williams Realty Phoenix License #SA679008000 Listed on: 04/01/2022

Last Buyer's Agent

Larry Burr

ATLAS AZ, LLC License #SA684467000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $609

Year Built

  • Built in 1950

Lot Details

  • 8,581

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 5 Open Parking Spaces
  • 6 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking
  • Free Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 6
  • Assessor Parcel Number 159-13-017-E

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are IRR
  • Desert Cove Extension Lots 1 4, 13 20, 29 32 Subdivision

Building Details

  • Operating Expense $5,809
  • Gross Income $38,412
  • Net Operating Income $32,603

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$609

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: 19th Ave/Peoria
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Year Built: 1950
  • Tax Year: 2021
  • Directions: Heading N on 19th Ave, Turn Right onto Desert Cove Ave - Continue straight and property will be on your right
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Professional Management Expense: 2000.0
  • Subdivision Name: DESERT COVE EXTENSION LOTS 1-4, 13-20, 29-32
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Paved Parking, Free, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Central, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 2000.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 159-13-017-E

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 38412.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 32603.0
  • Annual Operating Expense: 5809.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 609.0
  • Tax Book Number: 159.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2022
Sold by
Mcclain Matthew and Mcclain Kelli
Bought by
1741 Desert Cove Llc
Current Estimated Value
$334,643

Purchase Details

Closed on
Jan 3, 2022
Sold by
Anthony Green
Bought by
Colbil Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2017
Closed on
Oct 17, 2017
Sold by
Paredes Yesenia and Green Anthony
Bought by
Green Anthony
Seller's Agent
Sarah Kirsner
Valleywide Realty Sales & Mgmt, LLC
Buyer's Agent
Michael Swindle
My Home Group Real Estate
List Price
$167,900
Sold Price
$125,000
Premium/Discount to List
-$42,900
-25.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.26%
Original Mortgage
$95,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2010
Sold by
Moore Enterprising Llc
Bought by
Moore Ryan and Moore Kendra

Purchase Details

Closed on
Mar 5, 2009
Sold by
Moore Ryan and Moore Kendra
Bought by
Moore Enterprising Llc

Purchase Details

Closed on
Dec 30, 2008
Sold by
Pennytree Financial Llc
Bought by
Moore Ryan and Moore Kendra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2008
Sold by
Star Development Corp
Bought by
Pennytree Financial Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2007
Sold by
Star Development Corp
Bought by
Star Development Corp

Purchase Details

Closed on
Jun 28, 2004
Sold by
Wilson James F and Wilson Cheryl D
Bought by
Elizondo Marcial
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 Buyer Sale Price Title Company
1741 Desert Cove Llc -- --
Colbil Investments Llc $248,000 Fidelity National Title
Green Anthony -- Pioneer Title Agency Inc
Green Anthony $125,000 Pioneer Title Agency Inc
Moore Ryan -- First American Title Ins Co
Moore Enterprising Llc $80,000 First American Title Ins Co
Moore Ryan $80,000 First American Title Ins Co
Pennytree Financial Llc -- First American Title
Star Development Corp -- None Available
Star Development Corp -- None Available
Star Development Corp -- None Available
Elizondo Marcial $171,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Colbil Investments Llc $255,000
Previous Owner Green Anthony $95,000
Previous Owner Moore Ryan $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2022 05/13/22 Sold $580,000 +5.5% $826 / Sq Ft
04/27/2022 04/27/22 For Sale $550,000 0.0% $783 / Sq Ft
04/27/2022 04/27/22 Price Changed $550,000 0.0% $783 / Sq Ft
03/31/2022 03/31/22 For Sale $550,000 +340.0% $783 / Sq Ft
11/08/2017 11/08/17 Sold $125,000 -16.6% $178 / Sq Ft View Prior Sale
09/01/2017 09/01/17 Price Changed $149,900 -6.3% $214 / Sq Ft
07/05/2017 07/05/17 Price Changed $159,900 -3.0% $228 / Sq Ft
05/30/2017 05/30/17 Price Changed $164,900 -1.8% $235 / Sq Ft
05/01/2017 05/01/17 For Sale $167,900 -- $239 / 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 $633 $5,174 -- --
2024 $544 $4,928 -- --
2023 $544 $18,660 $3,730 $14,930
2022 $524 $12,810 $2,560 $10,250
2021 $609 $13,660 $2,730 $10,930
2020 $594 $11,600 $2,320 $9,280
2019 $583 $9,310 $1,860 $7,450
2018 $567 $8,730 $1,740 $6,990
2017 $565 $7,280 $1,450 $5,830
2016 $554 $7,960 $1,590 $6,370
2015 $513 $4,920 $980 $3,940
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Colby McMahon

    Keller Williams Realty Phoenix

  • L

    Buyer's Agent in 2022

    Larry Burr

    ATLAS AZ, LLC

    (480) 828-3283

    5 in this area

    96 Total Sales

    Larry Burr
    Section Image
  • Sarah Kirsner

    Seller's Agent in 2017

    Sarah Kirsner

    Valleywide Realty Sales & Mgmt, LLC

    (480) 577-7111

    4 Total Sales

    Sarah Kirsner
    Section Image
  • Michael Swindle

    Buyer's Agent in 2017

    Michael Swindle

    My Home Group

    (480) 800-9237

    5 in this area

    65 Total Sales

    Michael Swindle
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6377255

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-13-017E

Arizona Maricopa County Phoenix 85029 North Mountain Village

1741 W Desert Cove Ave Unit 1-2, Phoenix, AZ

This home is located at 1741 W Desert Cove Ave Unit 1-2, Phoenix, AZ 85029 since 01 April 2022 and is currently estimated at $334,643, approximately $476 per square foot. This property was built in 1950. 1741 W Desert Cove Ave Unit 1-2 is a home located in Maricopa County with nearby schools including Shaw Butte School, Royal Palm Middle School, and Sunnyslope 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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