NOT LISTED FOR SALE

2340 W Coolidge St Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $471,000 - $1,715,000

-- Bed
-- Bath
1,411 Sq Ft
$843/Sq Ft Est. Value

Last Sold November 30, 2015

Last sale price $525,000 $372 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $6,561/month

164 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 5-minute walk to Kid Street Park
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of November 2015

The Coolidge Apartments are comprised of 2 parcels & 6 buildings, housing (11) 2 BEDROOM units & one studio unit** All individually metered for electricity & ALL with A/C's (most units have newer HVAC's)* The five duplex buildings are ALL 2 bedroom units with updated electrical, individual yards, ATTACHED storage,*TENANT FAVORED PRIVATE driveways & CARPORTS allowing tenants to park RIGHT NEXT TO THEIR UNITS & unload groceries directly into the kitchen! These amenities help keep TURNOVER to a minimum! The current rents are under market as the above features are being overlooked by the management HOWEVER occupancy has always been excellent! Tenants are responsible for their own electric/gas expenses Owner pays water/trash. Buyer to verify ALL items of concern prior to end of due diligence

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 06/05/2015

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Joshua Landers

33 Degrees CRE License #BR525085000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,960

Year Built

  • Built in 1940

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 14 Open Parking Spaces
  • 24 Parking Spaces
  • Carport
  • Paved Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 154-13-039-B

Community Details

Overview

  • 6 Buildings
  • 12 Units
  • Building Dimensions are irr

Building Details

  • Operating Expense $34,270
  • Gross Income $79,646
  • Net Operating Income $45,376

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,960

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Cross Street: 19th Ave/Camelback
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 6
  • Ownership: Fee Simple
  • Year Built: 1940
  • Tax Year: 2014
  • Directions: West to 23rd Ave, South to Coolidge, West to property on North Side of street. There are 2 addresses: 2340 and 2348 W Coolidge.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6369.0
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Tax Parcel Letter: B
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco, Block
  • Roof: Composition, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Paved, Assigned, <1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 24.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 24.0
  • Parking Features:Carport: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 12471.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: Yes
  • Parcel #: 154-13-039-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 12
  • Annual Gross Income: 79646.0
  • Insurance Expense: 3253.0
  • Maintenance Expense: 7519.0
  • Property Net Operating Income: 45376.0
  • Annual Operating Expense: 34270.0

Tax Info

  • Tax Annual Amount: 2960.0
  • Tax Book Number: 154.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2015
Closed on
Nov 23, 2015
Sold by
Staley David A and Staley Michelle L
Bought by
Boles Randy
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Joshua Landers
33 Degrees CRE
List Price
$599,000
Sold Price
$525,000
Premium/Discount to List
-$74,000
-12.35%
Current Estimated Value
$1,189,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$664,667
Avg. Annual Appreciation
8.63%

Purchase Details

Closed on
Aug 20, 2009
Sold by
Coolidge 2340 Llc
Bought by
2340 Coolidge Holding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.17%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 1, 2005
Sold by
Djordjic Dejan and Djordjic Bojan
Bought by
Coolidge 2340 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Boles Randy $525,000 Chicago Title Agency Inc
2340 Coolidge Holding Llc $440,000 Lawyers Title Of Arizona Inc
Coolidge 2340 Llc $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 2340 Coolidge Holding Llc $425,000
Previous Owner Coolidge 2340 Llc $425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2015 11/30/15 Sold $525,000 -12.4% $372 / Sq Ft
11/16/2015 11/16/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $599,000 +6.4% $425 / Sq Ft
04/15/2015 04/15/15 Sold $563,000 -19.0% $399 / Sq Ft View Prior Sale
03/13/2015 03/13/15 Pending -- -- --
08/06/2014 08/06/14 For Sale $695,000 -- $493 / 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 $3,051 $21,238 -- --
2024 $3,065 $20,227 -- --
2023 $3,065 $80,680 $16,130 $64,550
2022 $3,018 $54,630 $10,920 $43,710
2021 $3,047 $47,350 $9,470 $37,880
2020 $2,929 $41,780 $8,350 $33,430
2019 $2,893 $36,600 $7,320 $29,280
2018 $2,671 $28,800 $5,760 $23,040
2017 $2,637 $26,810 $5,360 $21,450
2016 $2,526 $22,980 $4,590 $18,390
2015 $2,390 $19,980 $3,990 $15,990
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2015

    Lois Kaipainen

    Income Property Shop

    Section Image
  • Joshua Landers

    Buyer's Agent in 2015

    Joshua Landers

    33 Degrees CRE

    (480) 217-9599

    3 Total Sales

    Joshua Landers
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5289978

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-13-039B

Arizona Maricopa County Phoenix 85015 Alhambra

2340 W Coolidge St, Phoenix, AZ

This home is located at 2340 W Coolidge St, Phoenix, AZ 85015 since 05 June 2015 and is currently estimated at $1,189,667, approximately $843 per square foot. This property was built in 1940. 2340 W Coolidge St is a home located in Maricopa County with nearby schools including Westwood Primary School, Choice Learning Academy, and Central High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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