NOT LISTED FOR SALE

Estimated Value: $385,653 - $501,000

3 Beds
-- Bath
1,460 Sq Ft
$316/Sq Ft Est. Value

Last Sold September 06, 2022

Last sale price $490,000 $336 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,479/month

58 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of September 2022

Location! Location! Location, this stunning Duplex (both units 2B 1B both rented @1600 Do not disturb tenants) is in the most sought after Coronado neighbourhood along the SR51 corridor 6 mins to Airport, 10 mins to Downtown, minutes walk to Coronado park, shopping, restaurants, coffee shops, freeways, hospitals, phoenix children hospital etc. Large lot that allows for additional Units to be built. Recently remodeled, Unit 1941 features an amazing fire place, quartz counters, fans in each room, light fixtures, RV gate, and Huge storage. And Unit 1939 has a split floor, Fans in each room, light fixtures and a storage. Washer and Dryer hook ups for both Units with a huge backyards. Separately metered for electric (tenant pays). Live in one and rent the other unit for income, or build additional units, endless possibilities. A very unique GEM!!! BE the first to claim it, must see for yourself, won't last.

Last Agent to Sell the Property

Joe Montalto

USELLSMART Real Estate License #BR637547000 Listed on: 06/16/2022

Last Buyer's Agent

Tyler Bruggman

ABI Multifamily License #SA660047000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $786

Year Built

  • Built in 1950

Lot Details

  • 5,924

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Ceramic Tile Flooring

Schools

  • Whittier Elementary School
  • Pioneer Elementary School - Glendale Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 117-06-102-G

Community Details

Overview

  • 2 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $8,253
  • Gross Income $36,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$786

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: 16TH AND THOMAS
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3000.0
  • Tax Parcel Letter: G
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks), None
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Whittier Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Pioneer Elementary School - Glendale

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 117-06-102-G

Multi Family

  • Owner Pays: Other, See Remarks
  • Number Of Units Total: 2
  • Electric Expense: 600.0
  • Annual Gross Income: 36480.0
  • Insurance Expense: 700.0
  • Maintenance Expense: 1000.0
  • Annual Operating Expense: 8253.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 786.0
  • Tax Book Number: 117.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2022
Closed on
Sep 1, 2022
Sold by
Emma Investment Properties Llc
Bought by
Graham David E
Seller's Agent
Joe Montalto
USELLSMART Real Estate
Buyer's Agent
Tyler Bruggman
ABI Multifamily
List Price
$529,900
Sold Price
$490,000
Premium/Discount to List
-$39,900
-7.53%
Current Estimated Value
$460,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,337
Avg. Annual Appreciation
-1.82%
Original Mortgage
$367,875
Outstanding Balance
$352,262
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$108,401

Purchase Details

Closed on
May 12, 2022
Sold by
No Treble Holdings Llc
Bought by
Emma Investment Properties Llc

Purchase Details

Closed on
Dec 16, 2016
Sold by
Aaratemp Llc
Bought by
No Treble Holdings Llc

Purchase Details

Closed on
Sep 18, 2007
Sold by
Takvam Larry W
Bought by
Aaratemp Llc

Purchase Details

Closed on
Jul 17, 2003
Sold by
Aid To Adoption Of Special Kids/Arizona
Bought by
Aid To Adoption Of Special Kids/Arizona

Purchase Details

Closed on
Nov 1, 1995
Sold by
Sharman Paul D and Rose Sharman D
Bought by
A J B P Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,375
Interest Rate
7.58%
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
Graham David E $490,500 Chicago Title
Emma Investment Properties Llc $395,000 Pioneer Title
No Treble Holdings Llc $110,000 Stewart Title Arizona Agency
Aaratemp Llc $100,000 Chicago Title Insurance Co
Aid To Adoption Of Special Kids/Arizona -- --
A J B P Llc $352,500 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graham David E $367,875
Previous Owner A J B P Llc $264,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2022 09/06/22 Sold $490,000 -2.0% $336 / Sq Ft
08/05/2022 08/05/22 Price Changed $499,900 -3.8% $342 / Sq Ft
07/21/2022 07/21/22 Price Changed $519,900 -0.4% $356 / Sq Ft
07/14/2022 07/14/22 Price Changed $521,900 -0.4% $357 / Sq Ft
07/09/2022 07/09/22 Price Changed $523,900 -0.4% $359 / Sq Ft
07/03/2022 07/03/22 Price Changed $525,900 -0.6% $360 / Sq Ft
06/22/2022 06/22/22 Price Changed $528,900 -0.2% $362 / Sq Ft
06/16/2022 06/16/22 For Sale $529,900 -- $363 / 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 $839 $6,213 -- --
2024 $798 $5,917 -- --
2023 $798 $27,980 $5,590 $22,390
2022 $767 $20,980 $4,190 $16,790
2021 $786 $16,520 $3,300 $13,220
2020 $767 $14,180 $2,830 $11,350
2019 $761 $12,000 $2,400 $9,600
2018 $746 $9,470 $1,890 $7,580
2017 $717 $9,130 $1,820 $7,310
2016 $689 $7,360 $1,470 $5,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6417985

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-06-102G