NOT LISTED FOR SALE

Estimated Value: $642,418 - $842,000

-- Bed
3 Baths
645 Sq Ft
$1,151/Sq Ft Est. Value

Last Sold April 02, 2015

Last sale price $275,000 $426 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $4,119/month

2 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of April 2015

** RARELY LISTED CORONADO HISTORIC DISTRICT MULTI FAMILY PROPERTY. ** The front house is a 1925 built brick home with one bedroom and one bath and painted hardwood flooring in the living room. The bathroom was remodeled in 2012. New interior paint in 2014 and a new heat pump installed in February 2015. Indoor laundry room with washer and dryer included. Covered front porch, grass front yard and a block wall with a view fence around the front and side yard. The duplex in back was built in 1981 and consists of two one bedroom, one bath units (540 sf each). Within the last two years, the following items have been updated in the duplex: kitchen cabinets, laminate countertops, tile floors, bathrooms, water heaters, dual pane sliders, interior and exterior doors, roofing, exterior stucco, and paint (inside and out). Two new heat pumps were installed in February 2015. The duplex has outside laundry hookups and includes the washers and dryers in the sale. All units are currently rented on month to month leases. Separate metered for electric which is paid by the tenants. Water is master metered and is currently paid for by the seller.

Last Agent to Sell the Property

Barry Witherwax

DPR Realty LLC License #SA528504000 Listed on: 02/18/2015

DPR Realty LLC

Last Buyer's Agent

Artur Ciesielski

HomeSmart License #SA527273000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,970

Year Built

  • Built in 1925

Lot Details

  • 7,449

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 17
  • Assessor Parcel Number 117-26-116

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 7448

Building Details

  • Gross Income $21,375
  • Net Operating Income $18,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,970

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Cross Street: 7th St. & McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 2
  • Year Built: 1925
  • Tax Year: 2014
  • Directions: East on McDowell to Dayton. North on Dayton to the home on the west side of the street.
  • Road Surface Type: Asphalt, Alley
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Brick, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1740.0

Lot Info

  • Lot Size: 7448
  • Additional Parcels: No
  • Parcel #: 117-26-116

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 21375.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 18560.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1970.0
  • Tax Book Number: 117.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2015
Closed on
Mar 31, 2015
Sold by
Bromber Kevin and Bromber Nefertiti
Bought by
The Bromber Family Trust
Seller's Agent
Barry Witherwax
DPR Realty LLC
Buyer's Agent
Artur Ciesielski
HomeSmart
List Price
$279,900
Sold Price
$275,000
Premium/Discount to List
-$4,900
-1.75%
Current Estimated Value
$742,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$467,105
Avg. Annual Appreciation
9.01%
Original Mortgage
$192,500
Outstanding Balance
$150,998
Interest Rate
3.71%
Mortgage Type
Commercial
Estimated Equity
$528,355

Purchase Details

Listed on
Feb 18, 2015
Closed on
Mar 5, 2015
Sold by
Selles Oscar
Bought by
Bromber Kevin and Bromber Nefertiti
Seller's Agent
Barry Witherwax
DPR Realty LLC
Buyer's Agent
Artur Ciesielski
HomeSmart
List Price
$279,900
Sold Price
$275,000
Premium/Discount to List
-$4,900
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Outstanding Balance
$150,998
Interest Rate
3.71%
Mortgage Type
Commercial
Estimated Equity
$528,355

Purchase Details

Closed on
Jul 6, 2004
Sold by
Drew Dennis L
Bought by
Selles Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
The Bromber Family Trust -- Chicago Title Agency Inc
Bromber Kevin $275,000 Chicago Title Agency Inc
Selles Oscar $150,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bromber Kevin $192,500
Previous Owner Selles Oscar $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2015 04/02/15 Sold $275,000 -1.8% $426 / Sq Ft
02/20/2015 02/20/15 Pending -- -- --
02/18/2015 02/18/15 For Sale $279,900 -- $434 / 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 $2,398 $17,929 -- --
2024 $2,374 $17,075 -- --
2023 $2,374 $55,360 $11,070 $44,290
2022 $2,290 $41,560 $8,310 $33,250
2021 $2,273 $37,430 $7,480 $29,950
2020 $2,299 $30,160 $6,030 $24,130
2019 $2,295 $26,510 $5,300 $21,210
2018 $2,256 $23,020 $4,600 $18,420
2017 $2,204 $20,660 $4,130 $16,530
2016 $2,140 $18,160 $3,630 $14,530
2015 $1,981 $18,770 $3,750 $15,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5238597

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-26-116