$282,000
SOLD JUL 18, 2018
-- Bed
-- Bath
1,222 Sq Ft
6,403 Sq Ft Lot

Recently Sold

$231 Per Sq Ft

5% Below List Price

33 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Central Heating

About This Home

As of July 2019

Terrific duplex in the Coronado Historic District! The property features two one-bedroom/one-bathroom units, covered parking, hardwood floors, shared washer/dryer, extra storage, individual fireplaces, huge backyard, and a corner lot. Conveniently located in Downtown Phoenix within a well-established and growing area, the property is minutes away from the ASU Downtown Phoenix and U of A Phoenix campuses, the arts and sports districts, local restaurants/shops, the light rail, and easy freeway access. This wonderful investment property is fully occupied, and tenants are on month-to-month leases. Current rents are below market which provides new operator an opportunity to generate additional income. Market rate is approximately above $1,000 per unit. Please do NOT disturb the tenants.

Last Agent to Sell the Property

Gabriel Escontrias

Realty ONE Group License #SA674244000 Listed on: 05/01/2018

Realty ONE Group

Last Buyer's Agent

Elias Dabdoub

FSR Realty License #SA660865000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,534

Year Built

  • Built in 1925

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

  • 1 Open Parking Space
  • 3 Parking Spaces
  • 2 Covered Spaces
  • Assigned Parking

Schools

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

Utilities

  • Cooling Available
  • Central Heating
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • Legal Lot and Block 2 / 1
  • Assessor Parcel Number 117-26-149

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6,398
  • East Princeton Heights Subdivision

Building Details

  • Operating Expense $1,534

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,534

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Cross Street: McDowell Road and 11th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Year Built: 1925
  • Tax Year: 2017
  • Directions: North on 11th Street and McDowell Road
  • Road Surface Type: Asphalt
  • Subdivision Name: EAST PRINCETON HEIGHTS
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Ceiling Fan(s)
  • Heating: Individual, Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: None
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

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

Lot Info

  • Lot Size: 6,398
  • Additional Parcels: No
  • Parcel #: 117-26-149

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 2
  • Annual Operating Expense: 1533.56

Tax Info

  • Tax Annual Amount: 1533.56
  • Tax Block: 1
  • Tax Book Number: 117.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2019
Closed on
Jul 23, 2019
Sold by
Clingan Colin C and Clingan Gabrielle P
Bought by
York Amanda
Seller's Agent
Dave Westbrook
Urban Luxe Real Estate
Buyer's Agent
Stephanie Tarr
RETSY
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%
Current Estimated Value
$522,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,613
Avg. Annual Appreciation
8.65%
Original Mortgage
$293,400
Outstanding Balance
$257,677
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$264,936

Purchase Details

Listed on
May 1, 2018
Closed on
Jul 11, 2018
Sold by
Arroyo Veronica and Mantilla Russell
Bought by
Clingan Colin C and Clingan Gabrielle P
Seller's Agent
Gabriel Escontrias
Realty ONE Group
Buyer's Agent
Elias Dabdoub
FSR Realty
List Price
$297,000
Sold Price
$282,000
Premium/Discount to List
-$15,000
-5.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.23%
Original Mortgage
$211,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2010
Sold by
Fannie Mae
Bought by
Arroyo Veronica and Mantilla Russell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,920
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2010
Sold by
Martin Thomas O
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 27, 1994
Sold by
Upshaw Cheryl and Huish Cheryl E
Bought by
Martin Thomas O
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 Type Sale Price Title Company
Warranty Deed $315,000 Fidelity Natl Ttl Agcy Inc
Warranty Deed $282,000 Clear Title Agency Of Arizon
Special Warranty Deed $54,900 Stewart Title & Trust Of Pho
Trustee Deed $121,227 First American Title
Warranty Deed $60,140 Stewart Title & Tr Of Phoeni
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $293,400 New Conventional
Previous Owner $211,500 New Conventional
Previous Owner $43,920 New Conventional
Previous Owner $116,000 New Conventional
Previous Owner $111,600 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2019 07/31/19 Sold $315,000 -3.1% $258 / Sq Ft
06/11/2019 06/11/19 For Sale $325,000 0.0% $266 / Sq Ft
06/11/2019 06/11/19 Price Changed $325,000 0.0% $266 / Sq Ft
05/01/2019 05/01/19 For Sale $325,000 +15.2% $266 / Sq Ft
07/18/2018 07/18/18 Sold $282,000 -5.1% $231 / Sq Ft
05/01/2018 05/01/18 For Sale $297,000 -- $243 / 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 $1,690 $12,639 -- --
2024 $1,674 $12,038 -- --
2023 $1,674 $40,260 $8,050 $32,210
2022 $1,614 $30,100 $6,020 $24,080
2021 $1,602 $27,350 $5,470 $21,880
2020 $1,621 $21,270 $4,250 $17,020
2019 $1,618 $18,370 $3,670 $14,700
2018 $1,591 $14,570 $2,910 $11,660
2017 $1,554 $14,300 $2,860 $11,440
2016 $1,509 $12,150 $2,430 $9,720
2015 $1,396 $12,700 $2,540 $10,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5759294

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-26-149