NOT LISTED FOR SALE

Estimated Value: $1,051,131

-- Bed
-- Bath
2,538 Sq Ft
$414/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $860,000 $339 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,817/month

35 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of October 2020

This urban-cool, remodeled and furnished 4-plex is located in the desirable Coronado Historic District. Each of the four units is a 1 bedroom, 1 bathroom with a full kitchen and stacked washer/dryer. The polished concrete floors, stainless steel appliances and colorful accent walls create a timeless mid-century vibe enhanced by plenty of natural light. Individually metered electric and gas. Individual private patios for each unit. Owner has replaced roof, 3 of 4 HVAC units, windows and doors; and fully remodeled all interiors. Location is close to restaurants, shopping and downtown Phoenix employers, hospitals and freeways. Financials are available on request. Property has been short-term rental only.

Last Agent to Sell the Property

Laryn Callaway

Compass License #SA650924000 Listed on: 06/29/2020

Compass

Co-Listed By

Eric Brown

Compass License #SA027071000

Last Buyer's Agent

Becky Eaton

Real Broker License #SA044557000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,878

Year Built

  • Built in 1955

Lot Details

  • 6,490

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking

Schools

  • Phoenix Prep Academy Elementary And Middle School
  • Phoenix Prep Academy High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 4 / 1
  • Assessor Parcel Number 117-26-054

Community Details

Overview

  • 4 Units
  • Building Dimensions are Unknown
  • Phoenicia Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $15,638
  • Net Operating Income $73,311

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,878

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: McDowell & 12th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multifamily
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: laun001
  • Co List Office Phone: 480-776-1555
  • Subdivision Name: Phoenicia
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Sch of Personal Prop
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric, Individual
  • Heating: Individual, Heat Pump, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Community Amenities:Barbecue: Yes
  • Interior Amenities:Furnished: Yes

Fee Information

  • Annual Fuel Expense: 998.0
  • Annual Water Sewer Expense: 2170.0

Schools

  • Elementary School: Phoenix Prep Academy
  • High School: Phoenix Prep Academy
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 117-26-054

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 3902.0
  • Insurance Expense: 1975.0
  • Maintenance Expense: 2815.0
  • Property Net Operating Income: 73311.0
  • Annual Operating Expense: 15638.0

Tax Info

  • Tax Annual Amount: 2878.0
  • Tax Block: 1
  • Tax Book Number: 117.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Sep 3, 2020
Sold by
Four Coronados Llc
Bought by
Evans Charles Benjamin
Seller's Agent
Laryn Callaway
Compass
Buyer's Agent
Becky Eaton
Real Broker
List Price
$899,000
Sold Price
$860,000
Premium/Discount to List
-$39,000
-4.34%
Current Estimated Value
$1,051,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,131
Avg. Annual Appreciation
3.99%
Original Mortgage
$645,000
Outstanding Balance
$572,395
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$478,736

Purchase Details

Closed on
Jun 14, 2018
Sold by
Mcleod Tammy D and Hamilton John
Bought by
Four Coronados Llc

Purchase Details

Listed on
Apr 9, 2016
Closed on
May 18, 2016
Sold by
Flores Victoriano and Flores Maria Luisa
Bought by
Mcleod Tammy D and Hamilton John
Seller's Agent
Fabiola Aboyte
HomeSmart
Buyer's Agent
Laryn Callaway
Compass
List Price
$279,900
Sold Price
$270,000
Premium/Discount to List
-$9,900
-3.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.35%
Original Mortgage
$195,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2002
Sold by
Flores Victoriano
Bought by
Flores Victoriano and Flores Maria Luisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.16%

Purchase Details

Closed on
Sep 3, 2002
Sold by
Flores Harcelina
Bought by
Flores Francisco C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.16%

Purchase Details

Closed on
Jan 9, 1996
Sold by
Marchiafava Cindy
Bought by
Spivey Sherwood D and Spivey Nancy L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Evans Charles Benjamin $860,000 First Arizona Title Agency
Four Coronados Llc -- None Available
Mcleod Tammy D $270,000 Equity Title Agency Inc
Flores Victoriano -- Capital Title Agency Inc
Flores Victoriano -- Capital Title Agency
Flores Francisco C -- Capital Title Agency Inc
Spivey Sherwood D -- Grand Canyon Title Agency In
Marchiafava Cindy -- Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Evans Charles Benjamin $645,000
Previous Owner Mcleod Tammy D $195,000
Previous Owner Flores Victoriano $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/13/2020 10/13/20 Sold $860,000 -4.3% $339 / Sq Ft
10/06/2020 10/06/20 For Sale $899,000 0.0% $354 / Sq Ft
10/06/2020 10/06/20 Price Changed $899,000 0.0% $354 / Sq Ft
06/29/2020 06/29/20 For Sale $899,000 +233.0% $354 / Sq Ft
05/25/2016 05/25/16 Sold $270,000 -3.5% $106 / Sq Ft View Prior Sale
04/11/2016 04/11/16 Pending -- -- --
04/09/2016 04/09/16 For Sale $279,900 -- $110 / 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 $3,193 $22,479 -- --
2024 $2,977 $21,408 -- --
2023 $2,977 $71,020 $14,200 $56,820
2022 $2,871 $52,880 $10,570 $42,310
2021 $2,849 $45,600 $9,120 $36,480
2020 $2,883 $35,870 $7,170 $28,700
2019 $2,878 $31,750 $6,350 $25,400
2018 $2,829 $27,720 $5,540 $22,180
2017 $2,442 $25,580 $5,110 $20,470
2016 $2,372 $22,430 $4,480 $17,950
2015 $2,161 $23,860 $4,770 $19,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6096927

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-26-054