NOT LISTED FOR SALE

Estimated Value: $485,650 - $659,000

-- Bed
-- Bath
1,225 Sq Ft
$462/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $580,000 $473 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,304/month

2 Days on Market

Highlights

  • Wood Flooring
  • Heated Community Pool
  • Central Air
  • Emerson Elementary School Rated 9+
  • Tennis Courts
  • Ceiling Fan

About This Home

As of April 2022

THIS IS YOUR OPPORTUNITY TO OWN A RED-BRICK CLASSIC BUNGALOW RENTAL PROPERTY IN CORONADO! All the best features you want in a rental are here: low-maintenance, charming character, lower taxes, red-brick masonry quality construction, recently replaced roof and AC unit (on the West unit), recently replaced sewer, newer appliances, refinished original 1'' oak hardwood flooring t/o, an updated kitchen on one side, a well-kept vintage 1950s style kitchen on the other, dedicated interior laundry rooms, cute dining nooks in the eat-in kitchen, and loads of natural light in each room (historic windows). Tenants LOVE these units! Whether it's a travel nurse visiting one of the 6 nearby major hospitals, or a tenant needing to be within 7 mins of the Downtown Convention Center (2.1 miles), these... units are super convenient to all. Coronado is 6 minutes to Sky Harbor airport and features popular restaurants, coffee shops, desert shops and stores within walking distance to the units, as well as a large park area with basketball and tennis courts and kids playground. The City of Phoenix recently invested millions into renovating the Oak Street Bike Path, and the Oak Street Mural project is a artsy tourist attraction that makes this part of our city so unique! Everyone loves to stay in Coronado, and it shows in our ever-growing rental demand. If you are an owner occupant wanting to rent out one side and stay in the other, or an investor wanting to rent both units you'll find a very healthy demand for any short or long-term rental product you supply. The units are individually metered for electric and are set up for a sub-metering system for the water to be easily installed, as well. Cute, clean, charming red brick duplexes like this don't come around often - will sell quickly!

Last Agent to Sell the Property

Camille Hartmetz

HomeSmart License #SA634769000 Listed on: 04/01/2022

HomeSmart

Last Buyer's Agent

Greg Markov

HomeSmart License #SA539854000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,618

Year Built

  • Built in 1931

Lot Details

  • 6,316

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Schools

  • Emerson Elementary School
  • Asu Preparatory Academy - Phoenix Middle School
  • North High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV, landscaping
  • Legal Lot and Block 1 / 1
  • Assessor Parcel Number 117-26-148

Community Details

Overview

  • 2 Units
  • Building Dimensions are 50 by 120
  • East Princeton Heights Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $1,618

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,618

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Cross Street: 7th St and Thomas Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-6
  • Number Of Buildings: 1
  • Year Built: 1931
  • Tax Year: 2021
  • Directions: From Thomas Rd heading South on 7th St make a left (East) on Monte Vista, travel East to the property on the right (South) side of the intersection of Mitchell and Monte Vista.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: EAST PRINCETON HEIGHTS
  • 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:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Other (See Remarks)
  • Construction Type: Other, See Remarks, Brick
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Street Parking: Yes
  • Parking:Other (See Remarks)24: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, City Electric, Individual Meter
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Natural Gas, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, Play Area, Tennis Court(s), Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Play Area: Yes
  • Community Amenities:Tennis Court(s)2: Yes

Schools

  • Elementary School: Emerson Elementary School
  • High School: North High School
  • Middle Or Junior School: ASU Preparatory Academy - Phoenix Middle School

Lot Info

  • Lot Size: 50 by 120
  • Additional Parcels: No
  • Parcel #: 117-26-148

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Operating Expense: 1618.0

Tax Info

  • Tax Annual Amount: 1618.0
  • Tax Block: 1
  • Tax Book Number: 117.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2022
Sold by
Gavin Kennard
Bought by
Leeu Kop Llc
Total Days on Market
2
Current Estimated Value
$565,413

Purchase Details

Closed on
Apr 3, 2006
Sold by
Petri Paul
Bought by
Petri Paul and Petri Cheryl Lee

Purchase Details

Closed on
May 18, 2004
Sold by
Petri Paul
Bought by
Petri Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,128
Interest Rate
5.92%
Mortgage Type
FHA
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
Leeu Kop Llc -- --
Petri Paul -- None Available
Petri Paul -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Petri Paul $41,128
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $580,000 +10.5% $473 / Sq Ft
04/03/2022 04/03/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $525,000 -- $429 / 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 $1,707 $12,768 -- --
2024 $1,691 $12,160 -- --
2023 $1,691 $40,360 $8,070 $32,290
2022 $1,631 $30,170 $6,030 $24,140
2021 $1,618 $27,370 $5,470 $21,900
2020 $1,637 $21,400 $4,280 $17,120
2019 $1,635 $18,510 $3,700 $14,810
2018 $1,607 $16,250 $3,250 $13,000
2017 $1,569 $14,430 $2,880 $11,550
2016 $1,524 $12,280 $2,450 $9,830
2015 $1,410 $13,120 $2,620 $10,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6377332

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-26-148