Seller's Agent in 2017
Terry Kass
Coldwell Banker Commercial Realty
(602) 330-2525
21 Total Sales
2216 N 16th St Phoenix, AZ 85006
Coronado Neighborhood
2
Beds
12
Baths
735
Sq Ft
1946
Built
Highlights
- Cooling Available
- Concrete Flooring
- Heating System Uses Natural Gas
- Phoenix Coding Academy Rated A
About This Home
As of March 20177.4% Cap on actual rents. C-2 zoning, 16th St Arts District, always occupied with a waiting list! Perfect for downtown-loving tenants, there’s an art house and coffee shop right next door. Tenants walk to national award-winning Barrio Café and Coronado’s entertainment venues. In between Banner Health and the newly expanding Phoenix Children’s Hospital. The building has new roofs, newer AC’s, copper plumbing, recoated parking lot, and most units have been renovated. Low maintenance colored concrete flooring throughout. All utilities are master metered, but the units are so efficient that complete utilities average only $90/unit/month! 2015 taxes were just $1,536! Just bring older leases up to the latest achieved rents and push the proforma cap rate to 8%!
Last Agent to Sell the Property
Coldwell Banker Commercial Realty License #BR503783000 Listed on: 09/13/2016
Co-Listed By
Mark Skelpsa
HomeSmart Realty License #SA642313000
Last Buyer's Agent
Terry Kass
Blue Saguaro Commercial Realty, LLC License #BR503783000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,536
Year Built
- Built in 1946
Home Design
- Metal Roof
- Foam Roof
- Block Exterior
- Stucco
Flooring
- Concrete Flooring
Parking
- 11 Open Parking Spaces
- 11 Parking Spaces
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Heat Pump System
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 12
- Assessor Parcel Number 117-18-011
Community Details
Overview
- 11 Units
- Building Dimensions are IRR
Building Details
- Operating Expense $1,536
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 27, 2022
Sold by
Bought by
Purchase Details
Closed on
Oct 30, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,716
Interest Rate
0.0365%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Listed on
Sep 13, 2016
Closed on
Apr 7, 2017
Sold by
Bought by
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Terry Kass
Coldwell Banker Commercial Realty
List Price
$560,000
Sold Price
$520,000
Premium/Discount to List
-$40,000
-7.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
0.041%
Mortgage Type
Commercial
Purchase Details
Listed on
Mar 13, 2012
Closed on
Apr 4, 2012
Sold by
Bought by
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Mark Skelpsa
HomeSmart Realty
List Price
$185,000
Sold Price
$185,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.91%
Purchase Details
Listed on
Mar 13, 2012
Closed on
Mar 22, 2012
Sold by
Bought by
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Mark Skelpsa
HomeSmart Realty
List Price
$185,000
Sold Price
$185,000
Purchase Details
Listed on
Mar 13, 2012
Closed on
Mar 7, 2012
Sold by
Bought by
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Mark Skelpsa
HomeSmart Realty
List Price
$185,000
Sold Price
$185,000
Purchase Details
Closed on
Oct 7, 2008
Sold by
Bought by
Purchase Details
Closed on
Nov 21, 2005
Sold by
Bought by
Purchase Details
Closed on
May 13, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,200
Interest Rate
0.0602%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 25, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
0.0687%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 17, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,500,000 | First American Title | ||
| $945,000 | American Title Svc Agcy Llc | ||
| -- | Pioneer Title Agency Inc | ||
| -- | Pioneer Title Agency Inc | ||
| -- | None Available | ||
| $185,000 | Us Title Agency Llc | ||
| $150,000 | Title Management Agency Of A | ||
| $220,000 | Thomas Title & Escrow | ||
| -- | Chicago Title Insurance Co | ||
| $429,000 | Chicago Title Insurance Co | ||
| $295,000 | First American Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $667,716 | ||
| Previous Owner | $417,000 | ||
| Previous Owner | $192,500 | ||
| Previous Owner | $696,847 | ||
| Previous Owner | $343,200 | ||
| Previous Owner | $236,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/24/2017 03/24/17 | Sold | $520,000 | -1.9% | $707 / Sq Ft | |
| 01/19/2017 01/19/17 | Pending | -- | -- | -- | |
| 10/24/2016 10/24/16 | Price Changed | $530,000 | -5.4% | $721 / Sq Ft | |
| 09/13/2016 09/13/16 | For Sale | $560,000 | +202.7% | $762 / Sq Ft | |
| 03/23/2012 03/23/12 | Sold | $185,000 | 0.0% | $252 / Sq Ft | View Prior Sale |
| 03/19/2012 03/19/12 | Pending | -- | -- | -- | |
| 03/13/2012 03/13/12 | For Sale | $185,000 | -- | $252 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,975 | $13,905 | ||
| 2024 | $1,841 | $13,243 | ||
| 2023 | $1,841 | $100,970 | $20,190 | $80,780 |
| 2022 | $1,776 | $61,560 | $12,310 | $49,250 |
| 2021 | $1,763 | $49,630 | $9,920 | $39,710 |
| 2020 | $1,783 | $35,870 | $7,170 | $28,700 |
| 2019 | $1,780 | $28,820 | $5,760 | $23,060 |
| 2018 | $1,750 | $21,400 | $4,280 | $17,120 |
| 2017 | $1,709 | $19,720 | $3,940 | $15,780 |
| 2016 | $1,660 | $15,950 | $3,190 | $12,760 |
| 2015 | $1,536 | $13,560 | $2,710 | $10,850 |
Source: Public Records
Agents Affiliated with this Home
-
Terry Kass
-
M
Seller Co-Listing Agent in 2017
Mark Skelpsa
HomeSmart Realty
-
J
Seller's Agent in 2012
Jason Campagna
Orion Investment Real Estate
-
Brian Gaffney
Seller Co-Listing Agent in 2012
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
(602) 264-8400
18 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5496571
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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