1857 E Pinchot Ave Phoenix, AZ 85016
--
Bed
--
Bath
1,777
Sq Ft
9,322
Sq Ft Lot
Highlights
- RV or Boat Parking
- Cooling Available
- Individual Controls for Heating
- Phoenix Coding Academy Rated A
About This Home
As of February 2021WONDERFUL DUPLEX SURROUNDED BY NEW PROJECTS AND REMODELS! TENANTS on month-to month basis and have been for years. Current Rents are below market giving new operator opportunity to generate additional income. (Listed Rents are Proforma) Seller HAS DONE MUCH OF THE HEAVY LIFTING - NEWER ROOF, NEW AC, NEWER WATER HEATER. CONVENIENCE - WORLD FAMOUS Phoenix Children's, and AZ Heart Hospitals about a block away! Close to 51 FWY AND Sky Harbor Airport. DRIVE THIS AREA! Masonry Construction! *DRIVE BY ONLY*PLEASE DO NOT DISTURB TENANTS **SEE ADDITIONAL SUPPLEMENTAL REMARKS FROM SELLER**Information believed to be reliable but not guaranteed. Buyer to verify all facts and figures and financial information and any other items of material interest to Buyer during due diligence period. FROM SELLER:
-1859 side has remodeled kitchen & bathroom and small addition.
-Both sides have laminate 'wood-look' floors and washer/dryer .
-Roof and exterior paint was done approx 10 years ago.
-AC system on 1857 was replaced last year.
-Main water line from the city to the units replace a couple of years ago.
-1859 Water Heater approx 7 years old.
- Block wall and curbing installed approx 8 years ago.
- Both units have their own gas and electricity but share water line, internet. Tenants use cell phones
- 1857 has a small side and back yard that was enclosed to the workshop.
- 1859 has larger yard access all the way back to what used to be the alley. The city closed the alley access and irrigation access then deeded it back before Seller purchased.
- I put the block wall and curbing in 8 years ago. I haven't done the electrical or windows.
- Both units have their own gas and electricity but share water line, internet. Tenants use cell phones
- Spare workshop was enclosed years ago and the roof needs work. It's been used as storage but it could be converted back as parking if updated. That was a long term goal.
-The property goes all the way back and shares a wall with the retirement home in back and the heart hospital to the South
.
Last Agent to Sell the Property
Arizona Best Real Estate License #SA531628000 Listed on: 03/04/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,259
Year Built
- Built in 1948
Home Design
- Composition Roof
- Block Exterior
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Common or Shared Parking
- Paved Parking
- RV or Boat Parking
- Assigned Parking
Utilities
- Cooling Available
- Individual Controls for Heating
- Master Water Meter
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for trash collection, water, sewer
- Tax Lot 106
- Assessor Parcel Number 119-25-106-A
Community Details
Overview
- 2 Units
- Building Dimensions are 9319 Sq Ft
- Urbandale Subdivision
Building Details
- Operating Expense $4,659
- Gross Income $20,520
- Net Operating Income $16,485
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2020
Closed on
Jan 27, 2021
Sold by
Pinchot Chad and Pinchot Tabitha
Bought by
Olivares Elisa and Clay Adam M
Seller's Agent
Larry Shinn
DPR Realty LLC
Buyer's Agent
Butch Leiber
Rev Residential Brokerage
List Price
$420,000
Sold Price
$399,000
Premium/Discount to List
-$21,000
-5%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,775
Avg. Annual Appreciation
7.28%
Original Mortgage
$391,773
Outstanding Balance
$353,816
Interest Rate
2.6%
Mortgage Type
FHA
Estimated Equity
$192,818
Purchase Details
Closed on
Aug 28, 2019
Sold by
Pinchot Chad
Bought by
Pinchot Chad and Pinchot Tabitha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,079
Interest Rate
3.8%
Mortgage Type
VA
Purchase Details
Listed on
Mar 4, 2018
Closed on
May 15, 2018
Sold by
Pinchot Tabitha Marie
Bought by
Pinchot Chad R
Seller's Agent
David Elton
Arizona Best Real Estate
Buyer's Agent
Larry Shinn
DPR Realty LLC
List Price
$235,000
Sold Price
$230,000
Premium/Discount to List
-$5,000
-2.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.81%
Original Mortgage
$238,009
Interest Rate
4.4%
Mortgage Type
VA
Purchase Details
Closed on
Jul 11, 2001
Sold by
Hampton Randall E and Herrera Muerinda
Bought by
Herrera Muerinda and Herrera Gregory M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.26%
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $399,000 | Old Republic Title Agency | |
| Interfamily Deed Transfer | -- | Empire West Title Agency Llc | |
| Interfamily Deed Transfer | -- | Equity Title Agency Inc | |
| Warranty Deed | $230,000 | Equity Title Agency Inc | |
| Interfamily Deed Transfer | -- | Grand Canyon Title Agency In |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $391,773 | FHA | |
| Previous Owner | $237,079 | VA | |
| Previous Owner | $238,009 | VA | |
| Previous Owner | $70,000 | Credit Line Revolving | |
| Previous Owner | $92,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/05/2021 02/05/21 | Sold | $399,000 | 0.0% | $225 / Sq Ft |
| 11/19/2020 11/19/20 | Price Changed | $399,000 | -2.7% | $225 / Sq Ft |
| 11/09/2020 11/09/20 | Price Changed | $409,900 | -2.4% | $231 / Sq Ft |
| 10/26/2020 10/26/20 | For Sale | $420,000 | +82.6% | $236 / Sq Ft |
| 05/30/2018 05/30/18 | Sold | $230,000 | -2.1% | $129 / Sq Ft |
| 03/04/2018 03/04/18 | For Sale | $235,000 | -- | $132 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,503 | $11,558 | -- | -- |
| 2024 | $1,485 | $11,007 | -- | -- |
| 2023 | $1,485 | $40,020 | $8,000 | $32,020 |
| 2022 | $1,341 | $31,030 | $6,200 | $24,830 |
| 2021 | $1,382 | $27,310 | $5,460 | $21,850 |
| 2020 | $1,348 | $22,680 | $4,530 | $18,150 |
| 2019 | $1,339 | $19,760 | $3,950 | $15,810 |
| 2018 | $1,311 | $15,570 | $3,110 | $12,460 |
| 2017 | $1,259 | $14,270 | $2,850 | $11,420 |
| 2016 | $1,209 | $10,770 | $2,150 | $8,620 |
| 2015 | $1,125 | $9,820 | $1,960 | $7,860 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2021
Larry Shinn
DPR Realty
(480) 201-0770
20 Total Sales
-
Buyer's Agent in 2021
Butch Leiber
Rev Residential Brokerage
(602) 390-1399
43 Total Sales
-
Seller's Agent in 2018
David Elton
Arizona Best Real Estate
(480) 226-3711
87 Total Sales
-
Seller Co-Listing Agent in 2018
Rick Elton
Arizona Best Real Estate
(602) 818-7141
74 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5732003
APN: 119-25-106A
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.
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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