NOT LISTED FOR SALE
14 Beds
11 Baths
1,400 Sq Ft
1950 Built

Sale Details

Date Sold: January 15, 2015

Last sale price $360,000 $257 Per Sq Ft

293 Days on Market

Highlights

  • Evaporated cooling system
  • Community Playground
  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill
  • Heating System Uses Natural Gas

About This Home

As of January 2015

Unique opportunity to own this 11 unit, Boutique style 1950 red brick apartment community, located within the Phoenix Historical Coronado District in the direct path of historical home renovations. 2012 new roof added, 10 units were updated with new kitchens, bathroom and flooring in 2012. 2012 upgrades also included some plumbing, paint, tile and carpet. Still needs some TLC to bring this property to it's full potential. Buyer understands purchase is based on ''AS IS'' condition. Sales price reflects recent appraisal. SALES
PRICE IS FIRM!

Escrow opened with Fidelity National Title Agency. Please contact Patti Graham at pgraham@fnf.com, 480-214-4554

Last Agent to Sell the Property

Dawn DeMarco

Market Edge Realty, LLC License #BR524318000 Listed on: 02/12/2014

Last Buyer's Agent

Matthew Fulton

Pittman & Pittman Realty, LLC License #SA577627000

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Carpet
  • Ceramic Tile

Parking

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

Schools

  • Phoenix Prep Academy Elementary And Middle School

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 117-17-024-A

Community Details

Overview

  • 3 Buildings
  • 11 Units
  • Building Dimensions are IRR
  • Coronado Park Subdivision

Recreation

  • Community Playground

Additional Features

  • Community Barbecue Grill
  • Net Operating Income $23,562

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Subdivision Name: Coronado Park
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved Parking, Free, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 14.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Barbecue, Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Community Amenities:Barbecue: Yes
  • Community Amenities:Play Area: Yes

Schools

  • Elementary School: Phoenix Prep Academy
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 117-17-024-A

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 11
  • Property Net Operating Income: 23562.18

Tax Info

  • Tax Book Number: 117.00
  • Tax Lot: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2014
Closed on
Jan 14, 2015
Sold by
Bought by
Seller's Agent
Dawn DeMarco
Market Edge Realty, LLC
Buyer's Agent
Matthew Fulton
Pittman & Pittman Realty, LLC
List Price
$385,000
Sold Price
$360,000
Premium/Discount to List
-$25,000
-6.49%

Purchase Details

Closed on
Jul 27, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 26, 2010
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
6.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 8, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 29, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
8.24%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$360,000 Old Republic Title Agency
$235,000 Magnus Title Agency
$190,000 Magnus Title Agency
$490,000 Magnus Title Agency
$330,000 Capital Title Agency
$215,000 First Southwestern Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $367,500
Previous Owner $125,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/15/2015 01/15/15 Sold $360,000 -6.5% $257 / Sq Ft
12/02/2014 12/02/14 Pending -- -- --
02/12/2014 02/12/14 For Sale $385,000 -- $275 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,201 $22,534
2024 $2,984 $21,461
2023 $2,984 $192,800 $38,560 $154,240
2022 $2,878 $109,510 $21,900 $87,610
2021 $2,857 $71,980 $14,390 $57,590
2020 $2,890 $52,720 $10,540 $42,180
2019 $2,885 $45,430 $9,080 $36,350
2018 $2,835 $32,300 $6,460 $25,840
2017 $2,770 $28,560 $5,710 $22,850
2016 $2,690 $27,880 $5,570 $22,310
2015 $2,489 $25,130 $5,020 $20,110
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5071481

Arizona Regional Multiple Listing Service (ARMLS)
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