NOT LISTED FOR SALE

Estimated Value: $751,000 - $974,000

-- Bed
3 Baths
623 Sq Ft
$1,339/Sq Ft Est. Value

Last Sold April 21, 2020

Last sale price $556,120 $893 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,621/month

10 Days on Market

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of April 2020

Excellent opportunity to own an income property in the heart of the Historic Coronado neighborhood. This red brick triplex features three, one bedroom units with one duplex and a stand alone single family home, The entire triplex has been meticulously remodeled with new plumbing, electric, windows, and HVACs installed approx 3 years ago. The remodeling work was completed with careful attention to maintain the historic architecture and charm. The units are individually metered with the tenants paying electricity and gas. Each unit has off-street parking (2 of which are covered) and a private storage room. The current owners lease each unit for $920/month with a conscience effort to provide quality, affordable housing. The existing rents could easily be increased.

Last Agent to Sell the Property

Chad Christian Jr

Russ Lyon Sotheby's International Realty License #SA536279000 Listed on: 03/06/2020

Russ Lyon Sotheby's International Realty

Co-Listed By

Joe Bushong

Russ Lyon Sotheby's International Realty License #SA558366000

Last Buyer's Agent

Chris Scott

HomeSmart License #SA650343000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,344

Year Built

  • Built in 1927

Lot Details

  • 6,403

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Metal Roof

Flooring

  • Wood
  • Concrete

Parking

  • 1 Open Parking Space
  • 3 Parking Spaces
  • 2 Covered Spaces

Schools

  • Whittier Elementary School - Phoenix
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 117-25-066

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 6391
  • Homewood Subdivision

Building Details

  • Operating Expense $8,893
  • Gross Income $32,400
  • Net Operating Income $23,507

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,344

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Cross Street: Thomas/7th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Year Built: 1927
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: Homewood
  • Construction Brick: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood, Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Brick
  • Roof: Composition, Metal

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, SRP
  • Cooling: 2 or More Units, Individual, Electric
  • 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: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1558.0

Schools

  • Elementary School: Whittier Elementary School - Phoenix
  • High School: North High School
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 6391
  • Additional Parcels: No
  • Parcel #: 117-25-066

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 32400.0
  • Insurance Expense: 1991.0
  • Maintenance Expense: 1464.0
  • Property Net Operating Income: 23507.0
  • Annual Operating Expense: 8893.32

Tax Info

  • Tax Annual Amount: 2344.32
  • Tax Book Number: 117.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2020
Closed on
Apr 17, 2020
Sold by
Hole Wrenette
Bought by
Hole Donald James
Seller's Agent
Chad Christian Jr
Russ Lyon Sotheby's International Realty
Buyer's Agent
Chris Scott
HomeSmart
List Price
$570,000
Sold Price
$556,120
Premium/Discount to List
-$13,880
-2.44%
Current Estimated Value
$834,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,883
Avg. Annual Appreciation
7.50%
Original Mortgage
$417,090
Outstanding Balance
$368,080
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$465,923

Purchase Details

Listed on
Mar 6, 2020
Closed on
Apr 8, 2020
Sold by
Jenkins Agnew Holdings Iii Llc
Bought by
Hole Donald James and Okaerblom Robet Wayne
Seller's Agent
Chad Christian Jr
Russ Lyon Sotheby's International Realty
Buyer's Agent
Chris Scott
HomeSmart
List Price
$570,000
Sold Price
$556,120
Premium/Discount to List
-$13,880
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,090
Outstanding Balance
$368,080
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$465,923

Purchase Details

Closed on
Nov 12, 2013
Sold by
Jenkins Quinton Nathaniel
Bought by
Jenkins Agnew Holdings Iii L L C

Purchase Details

Listed on
Aug 26, 2013
Closed on
Sep 6, 2013
Sold by
Grant Shane
Bought by
Jenkins Quinton Nathaniel
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
James Taylor
Realty ONE Group
List Price
$199,000
Sold Price
$185,000
Premium/Discount to List
-$14,000
-7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.11%

Purchase Details

Closed on
Jun 23, 2006
Sold by
Manary Clifford E and Manary Kip
Bought by
Manary Nancy H

Purchase Details

Closed on
Mar 10, 2006
Sold by
Grant Anita and Stewart Anita
Bought by
Grant Shane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2003
Sold by
Stewart Anita
Bought by
Stewart Anita and Grant Shane

Purchase Details

Closed on
Mar 17, 1995
Sold by
Gifford Jack and Goltl Eugene
Bought by
Stewart Anita Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,715
Interest Rate
8.9%
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
Hole Donald James -- Equity Title Agency Inc
Hole Donald James $556,120 Equity Title Agency Inc
Jenkins Agnew Holdings Iii L L C $180,000 None Available
Jenkins Quinton Nathaniel $180,000 Chicago Title Agency Inc
Manary Nancy H -- Fidelity National Title
Grant Shane -- First American Title Ins Co
Stewart Anita -- --
Stewart Anita Rose $54,500 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hole Donald James $417,090
Previous Owner Grant Shane $120,000
Previous Owner Stewart Anita Rose $27,715
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2020 04/21/20 Sold $556,120 -2.4% $893 / Sq Ft
03/09/2020 03/09/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $570,000 0.0% $915 / Sq Ft
06/01/2018 06/01/18 Rented $850 0.0% --
05/09/2018 05/09/18 Under Contract -- -- --
05/02/2018 05/02/18 For Rent $850 0.0% --
09/09/2013 09/09/13 Sold $185,000 -7.0% $297 / Sq Ft View Prior Sale
08/31/2013 08/31/13 Pending -- -- --
08/23/2013 08/23/13 For Sale $199,000 -- $319 / 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 $2,601 $18,313 -- --
2024 $2,425 $17,441 -- --
2023 $2,425 $63,060 $12,610 $50,450
2022 $2,339 $46,530 $9,300 $37,230
2021 $2,321 $41,730 $8,340 $33,390
2020 $2,348 $32,910 $6,580 $26,330
2019 $2,344 $27,760 $5,550 $22,210
2018 $2,304 $20,950 $4,190 $16,760
2017 $2,251 $20,950 $4,190 $16,760
2016 $2,186 $20,420 $4,080 $16,340
2015 $2,023 $21,900 $4,380 $17,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6046858

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-25-066