NOT LISTED FOR SALE

Estimated Value: $618,000 - $782,000

Studio
-- Bath
2,418 Sq Ft
$282/Sq Ft Est. Value

Last Sold April 30, 2018

Last sale price $358,000 $148 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,809/month

2 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Phoenix Coding Academy Rated A

About This Home

As of April 2018

Well maintained triplex on the southern edge of the Coronado Historic District, steps away from the newly expanded Good Samaritan Hospital. Attractive curb appeal and well kept landscaping. Two ground level 2BD/1BA units with tile floors and small private backyards. One 2nd level 2Bd/1BA with spacious deck patio. Many upgrades went into the property in 2017, so cap rate is skewed. 2017 annual gross income was $27,477. Feb '18 gross income was $2,606/mo and Net Income was $2,102/mo. Seasoned tenants of 5+ years, 1+ year & 9+ months respectively. Professionally managed. Low vacancy and high demand area. 3 carports, plus 2 slab parking spaces off alley. Street parking allowed. Landlord pays water/sewer/trash, tenants pay electric, gas & cable. Coin laundry income $100/yr, pet income $625/yr.

Last Agent to Sell the Property

Dennis Rosvall

REMAX Prime License #BR107990000 Listed on: 03/28/2018

Last Buyer's Agent

Camille Hartmetz

Brokers Hub Realty, LLC License #SA634769000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,456

Year Built

  • Built in 1966

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 5 Parking Spaces
  • Carport

Schools

  • Emerson Elementary School
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heat Pump System
  • Individual Controls for Heating

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 13
  • Assessor Parcel Number 117-25-071

Community Details

Overview

  • 3 Units
  • Building Dimensions are 50X130
  • Homewood Tract Sub Of Lot 5 Amended Plat Subdivision

Building Details

  • Operating Expense $14,955
  • Gross Income $109,908
  • Net Operating Income $11,685

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,456

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Cross Street: 7th St & McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1966
  • Tax Year: 2017
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Dedicated Street
  • Professional Management Expense: 2376.0
  • Subdivision Name: HOMEWOOD TRACT SUB OF LOT 5 AMENDED PLAT
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Ceiling Fan(s), Heat Pump, Individual
  • Heating: Individual, Central, Heat Pump, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 161.0
  • Annual Water Sewer Expense: 2577.0

Schools

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

Lot Info

  • Lot Size: 50X130
  • Additional Parcels: No
  • Parcel #: 117-25-071

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 109908.0
  • Maintenance Expense: 5675.0
  • Property Net Operating Income: 11685.0
  • Annual Operating Expense: 14955.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 2456.0
  • Tax Book Number: 117.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2018
Closed on
Apr 26, 2018
Sold by
Brink Craig and Brink Karuna
Bought by
Delessandro Robert William and Perillo Jules K
Seller's Agent
Dennis Rosvall
REMAX Prime
Buyer's Agent
Camille Hartmetz
Brokers Hub Realty, LLC
List Price
$349,000
Sold Price
$358,000
Premium/Discount to List
$9,000
2.58%
Current Estimated Value
$681,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$323,410
Avg. Annual Appreciation
8.71%
Original Mortgage
$268,500
Outstanding Balance
$231,400
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$450,010

Purchase Details

Closed on
Jun 29, 2010
Sold by
Paying Cash For Houses Com Llc
Bought by
Brink Craig and Brink Karuna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2003
Sold by
Doss Matanda and Doss Matanda M
Bought by
Harry Scott M and Garcia Ramon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2003
Sold by
Laudicina Daniel
Bought by
Doss Matanda and Doss Matanda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2001
Sold by
Schnepp Travis
Bought by
Laudicina Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,888
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 24, 1999
Sold by
Granderson Clyde H and Godsey Stephen L
Bought by
Schnepp Travis and Laudicina Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,797
Interest Rate
7.96%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 12, 1998
Sold by
Woolery Vincent H
Bought by
Granderson Clyde H and Godsey Stephen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
7.02%
Mortgage Type
New Conventional
Source: Public Records
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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
Delessandro Robert William $358,000 Driggs Title Agency Inc
Brink Craig $158,000 Magnus Title Agency
Harry Scott M $230,000 Transnation Title Ins Co
Doss Matanda $205,000 North American Title Co
Laudicina Daniel $166,000 Grand Canyon Title Agency In
Schnepp Travis $165,900 Grand Canyon Title Agency In
Granderson Clyde H $85,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delessandro Robert William $268,500
Previous Owner Brink Craig $111,000
Previous Owner Harry Scott M $184,000
Previous Owner Doss Matanda $153,750
Previous Owner Laudicina Daniel $165,888
Previous Owner Schnepp Travis $164,797
Previous Owner Granderson Clyde H $76,500
Closed Harry Scott M $23,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2018 04/30/18 Sold $358,000 +2.6% $148 / Sq Ft
03/30/2018 03/30/18 Pending -- -- --
03/28/2018 03/28/18 For Sale $349,000 -- $144 / 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 $2,956 $20,806 -- --
2024 $2,755 $19,816 -- --
2023 $2,755 $63,200 $12,640 $50,560
2022 $2,553 $47,330 $9,460 $37,870
2021 $2,540 $42,020 $8,400 $33,620
2020 $2,572 $34,250 $6,850 $27,400
2019 $2,569 $30,730 $6,140 $24,590
2018 $2,525 $26,860 $5,370 $21,490
2017 $2,456 $24,070 $4,810 $19,260
2016 $2,386 $21,150 $4,230 $16,920
2015 $2,197 $22,050 $4,410 $17,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5743318

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-25-071