NOT LISTED FOR SALE

Estimated Value: $607,000 - $950,000

10 Beds
4 Baths
2,780 Sq Ft
$304/Sq Ft Est. Value

Last Sold April 07, 2022

Last sale price $845,000 $304 Per Sq Ft

Current estimated payment $4,723/month

82 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • ENERGY STAR Qualified Equipment

About This Home

As of April 2022

Coronado Historic District Tri-PLEX. The most desirable and affordable location with a sense of community. This property consists of three units one 4bdrm/1bath, one 4bdrm 3 bath and One 2beds/1bath. Four Hospitals within one mile of the property. 5 Hospitals within 1 mile radius. Banner University Medical Center half a mile away. Phoenix High School 2 blocks away. Easy access to Freeways I-10, HWY 17, 51, 202 Seller will carry with 20% down, at 6.5%, 7 year balloon, 30 year amortization, buyer to pay service fees on the note. Tenant's rights, do not disturb tenants.

Last Agent to Sell the Property

Sam Randhawa

HomeSmart License #BR546493000 Listed on: 11/26/2021

HomeSmart

Last Buyer's Agent

Zack Mishkin

Orion Investment Real Estate License #SA566430000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,480

Year Built

  • Built in 1929

Lot Details

  • 6,490

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Foam Roof
  • Block Exterior
  • Siding
  • Stucco
  • Adobe

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Common or Shared Parking
  • On-Street Parking

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment

Schools

  • Emerson Elementary School
  • North High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, cable TV
  • The owner pays for water
  • Tax Lot 5
  • Assessor Parcel Number 117-27-006

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 135x50
  • Arda Place Subdivision

Building Details

  • Operating Expense $1,480
  • Gross Income $52,785
  • Net Operating Income $45,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,480

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Cross Street: 11th St & Oak St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: [R-3] Multiple
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1929
  • Tax Year: 2021
  • Directions: 11th St. & OAK Directions: From I-10 Freeway go north on 7th St. to east on Oak Street North on 11th St. and to property on left side of the road.
  • Road Surface Type: Concrete
  • Subdivision Name: ARDA PLACE
  • Cooling ENERGY STAR Qualified Equipment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances: BI Oven/Range, F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Siding, Painted, Stucco, Adobe, Block, Frame - Wood, Slump Block
  • Roof: Composition, Foam
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Construction:Slump Block: Yes
  • Construction:Adobe: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: ENERGY STAR Qualified Equipment, Window/Wall Unit, Central A/C
  • Heating: Heat Pump, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Shutters2: Yes

Schools

  • Elementary School: Emerson Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Emerson Elementary School

Lot Info

  • Lot Size: 135x50
  • Additional Parcels: No
  • Parcel #: 117-27-006

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Trash Collection, Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 52784.64
  • Property Net Operating Income: 45920.0
  • Annual Operating Expense: 1480.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 1480.0
  • Tax Book Number: 117.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2021
Closed on
Apr 7, 2022
Sold by
Harjas Investments Llc
Bought by
Fonseca Fernanda Paula and Fonseca Jack
Seller's Agent
Sam Randhawa
HomeSmart
Buyer's Agent
Zack Mishkin
Orion Investment Real Estate
List Price
$899,000
Sold Price
$845,000
Premium/Discount to List
-$54,000
-6.01%
Current Estimated Value
$844,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$457
Avg. Annual Appreciation
-0.02%
Original Mortgage
$600,000
Outstanding Balance
$563,414
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$281,129

Purchase Details

Listed on
Nov 26, 2021
Closed on
Mar 31, 2022
Sold by
Harjas Investments Llc
Bought by
Fonseca Fernanda Paula and Fonseca Jack
Seller's Agent
Sam Randhawa
HomeSmart
Buyer's Agent
Zack Mishkin
Orion Investment Real Estate
List Price
$899,000
Sold Price
$845,000
Premium/Discount to List
-$54,000
-6.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$563,414
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$281,129

Purchase Details

Closed on
Aug 25, 2014
Sold by
Randhawa Hardev Kaur
Bought by
Harjas Investments Llc

Purchase Details

Closed on
Aug 7, 2009
Sold by
Randhawa Satwinder Singh
Bought by
Randhawa Hardev Kaur

Purchase Details

Closed on
Jul 31, 2009
Sold by
Paying Cash For Houses Com Llc
Bought by
Randhawa Hardev Kaur

Purchase Details

Closed on
Jul 9, 2009
Sold by
Malkoon Anthony
Bought by
Paying Cash For Houses Com Llc

Purchase Details

Closed on
Aug 10, 1989
Sold by
Hamra James A and Hamra Pauline M
Bought by
Malkoon Anthony
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
Fonseca Fernanda Paula $845,000 Driggs Title Agency
Fonseca Fernanda Paula $845,000 Driggs Title Agency
Fonseca Fernanda Paula $845,000 Driggs Title Agency
Harjas Investments Llc -- None Available
Randhawa Hardev Kaur -- Magnus Title Agency
Randhawa Hardev Kaur $69,000 Magnus Title Agency
Paying Cash For Houses Com Llc $39,000 Fidelity Natl Title Ins Co
Malkoon Anthony -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fonseca Fernanda Paula $600,000
Closed Fonseca Fernanda Paula $600,000
Closed Fonseca Fernanda Paula $600,000
Previous Owner Malkoon Anthony $247,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2022 04/07/22 Sold $845,000 -11.1% $304 / Sq Ft
03/25/2022 03/25/22 Price Changed $950,000 +5.7% $342 / Sq Ft
03/25/2022 03/25/22 For Sale $899,000 0.0% $323 / Sq Ft
03/25/2022 03/25/22 Price Changed $899,000 0.0% $323 / Sq Ft
02/15/2022 02/15/22 Price Changed $899,000 +5.8% $323 / Sq Ft
12/16/2021 12/16/21 For Sale $850,000 +0.6% $306 / Sq Ft
11/27/2021 11/27/21 Off Market $845,000 -- --
11/26/2021 11/26/21 For Sale $850,000 0.0% $306 / Sq Ft
11/02/2018 11/02/18 Rented $1,250 0.0% --
10/31/2018 10/31/18 Under Contract -- -- --
07/30/2018 07/30/18 Price Changed $1,250 -7.4% $1 / Sq Ft
07/01/2018 07/01/18 For Rent $1,350 +8.0% --
07/15/2017 07/15/17 Rented $1,250 0.0% --
07/15/2017 07/15/17 Under Contract -- -- --
06/05/2017 06/05/17 Price Changed $1,250 -7.4% $1 / Sq Ft
05/21/2017 05/21/17 For Rent $1,350 0.0% --
04/23/2017 04/23/17 Off Market $1,350 -- --
04/20/2017 04/20/17 For Rent $12,000 +1106.0% --
12/17/2014 12/17/14 Rented $995 0.0% --
12/16/2014 12/16/14 Under Contract -- -- --
10/16/2014 10/16/14 For Rent $995 -- --
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 $1,562 $11,679 -- --
2024 $1,547 $11,123 -- --
2023 $1,547 $47,320 $9,464 $37,856
2022 $1,492 $34,342 $6,867 $27,475
2021 $1,480 $30,226 $6,041 $24,185
2020 $1,498 $23,674 $4,732 $18,942
2019 $1,495 $22,379 $4,473 $17,906
2018 $1,470 $17,934 $3,584 $14,350
2017 $1,435 $16,562 $3,311 $13,251
2016 $1,394 $14,294 $2,856 $11,438
2015 $1,290 $14,686 $2,933 $11,753
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6325433

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-27-006