2505 N Richland St Phoenix, AZ 85006
Coronado NeighborhoodEstimated Value: $514,000 - $575,000
--
Bed
--
Bath
1,316
Sq Ft
$409/Sq Ft
Est. Value
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Emerson Elementary School Rated 9+
- Ceiling Fan
About This Home
As of April 2022**Coronado Neighborhood Duplex** This 1950 duplex is a great opportunity for an investor looking for a repositioning opportunity, fix-up or an owner to live in one unit and rent the other. Each unit is a 2 bed/1 bath with a total of 1316 sq ft combined. Long term tenants of almost 14 years who are paying below market rent. So much potential here!! This one is a perfect buy-hold until leases are up in Oct 2022 and reposition/renovate at market rents. Large backyard offers the space to create private rear yards with alley access parking. Units have been maintained nicely but property overall needs reno to yield maximum income potential. Wonderful high demand Coronado Central Phoenix location! **DO NOT DISTURB TENANTS**
Last Agent to Sell the Property
Shane Burleson
Keller Williams Arizona Realty License #SA643502000 Listed on: 03/28/2022
Co-Listed By
melinda murphy
Keller Williams Arizona Realty License #BR117767000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,829
Year Built
- Built in 1950
Lot Details
- 6,752
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- On-Street Parking
Schools
- Emerson Elementary School
- Phoenix Prep Academy Middle School
- North High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for trash collection, gas, electricity, water, sewer
- The owner pays for landscaping
- Tax Lot 50
- Assessor Parcel Number 117-30-052
Community Details
Overview
- 2 Units
- Building Dimensions are 6,750
- Fowler Tract Lots 1 96 Subdivision
Building Details
- Operating Expense $1,829
- Net Operating Income $13,865
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 27, 2020
Closed on
Jan 11, 2021
Sold by
Injo Properties Llc
Bought by
Faibisoff Burt and Faibisoff Martha
Seller's Agent
Roy Dimas
HomeSmart
Buyer's Agent
Shane Burleson
Keller Williams Arizona Realty
List Price
$399,900
Sold Price
$380,000
Premium/Discount to List
-$19,900
-4.98%
Total Days on Market
9
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,048
Avg. Annual Appreciation
8.21%
Purchase Details
Closed on
May 24, 2002
Sold by
Cobb Neal Gordon and Gatica Benito G
Bought by
Neal G Cobb & Benito G Gaitca Trust
Purchase Details
Closed on
Jun 26, 2001
Sold by
Cobb Neal G and Gatico Benito G
Bought by
Cobb Neal G and Gatica Benito G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.14%
Purchase Details
Closed on
Jan 1, 2001
Sold by
Cobb Neal Gordon and Gatica Benito G
Bought by
Neal G Cobb & Benito G Gatica Trust
Purchase Details
Closed on
May 12, 2000
Sold by
Motta Michael A and Straight Ronald Carl
Bought by
Cobb Neal G and Gatica Benito G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
8.18%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 19, 1996
Sold by
Adams Robert V and Adams Winifred M
Bought by
Motta Michael A and Straight Ronald Carl
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,000
Interest Rate
8.23%
Mortgage Type
Seller Take Back
Similar Home in Phoenix, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Faibisoff Burt | -- | Accommodation | |
| Injo Properties Llc | $380,000 | Empire West Title Agency Llc | |
| Neal G Cobb & Benito G Gaitca Trust | -- | -- | |
| Cobb Neal G | -- | American Title Insurance | |
| Neal G Cobb & Benito G Gatica Trust | -- | -- | |
| Cobb Neal G | $115,000 | Ati Title Agency | |
| Motta Michael A | $69,000 | United Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cobb Neal G | $96,000 | |
| Previous Owner | Cobb Neal G | $103,500 | |
| Previous Owner | Motta Michael A | $59,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2022 04/28/22 | Sold | $515,500 | -1.8% | $392 / Sq Ft |
| 04/06/2022 04/06/22 | Pending | -- | -- | -- |
| 03/28/2022 03/28/22 | For Sale | $525,000 | +38.2% | $399 / Sq Ft |
| 01/15/2021 01/15/21 | Sold | $380,000 | -5.0% | $289 / Sq Ft |
| 12/16/2020 12/16/20 | Pending | -- | -- | -- |
| 11/27/2020 11/27/20 | For Sale | $399,900 | -- | $304 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,929 | $14,427 | -- | -- |
| 2024 | $1,911 | $13,740 | -- | -- |
| 2023 | $1,911 | $44,560 | $8,910 | $35,650 |
| 2022 | $1,843 | $32,760 | $6,550 | $26,210 |
| 2021 | $1,829 | $29,830 | $5,960 | $23,870 |
| 2020 | $1,850 | $23,810 | $4,760 | $19,050 |
| 2019 | $1,847 | $20,620 | $4,120 | $16,500 |
| 2018 | $1,815 | $18,120 | $3,620 | $14,500 |
| 2017 | $1,773 | $16,200 | $3,240 | $12,960 |
| 2016 | $1,722 | $13,950 | $2,790 | $11,160 |
| 2015 | $1,594 | $14,450 | $2,890 | $11,560 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2022
Shane Burleson
Keller Williams Arizona Realty
(602) 578-1169
2 in this area
87 Total Sales
-
m
Seller Co-Listing Agent in 2022
melinda murphy
Keller Williams Arizona Realty
(602) 695-2900
-
Timothy Redelsperger
T
Buyer's Agent in 2022
Timothy Redelsperger
Long Realty Uptown
(602) 899-4640
1 in this area
19 Total Sales
-
Roy Dimas
R
Seller's Agent in 2021
Roy Dimas
HomeSmart
(623) 594-6458
1 in this area
6 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6375001
APN: 117-30-052
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
Nearby Homes
- 2546 N 9th St
- 2534 N 10th St
- 2314 N 11th St
- 2310 N 11th St
- 2209 N 8th St
- 2211 N 7th St
- 2218 N Dayton St
- 377 E Windsor Ave Unit 4
- 377 E Windsor Ave Unit 16
- 377 E Windsor Ave Unit 19
- 377 E Windsor Ave Unit 21
- 2534 N Mitchell St
- 2206 N 11th St
- 2801 N 10th St
- 2336 N 12th St
- 379 E Monte Vista Rd
- 2034 N Dayton St
- 2230 N 12th St Unit REAR
- 2315 N 12th St
- 1002 E Palm Ln
- 2505 N Richland St
- 2501 N Richland St
- 2509 N Richland St
- 2509 N Richland St
- 2513 N Richland St
- 2517 N Richland St
- 2506 N 9th St
- 2502 N 9th St
- 2510 N 9th St
- 2502 N Richland St
- 2506 N Richland St
- 2514 N 9th St
- 2510 N Richland St
- 2521 N Richland St
- 2514 N Richland St
- 2518 N 9th St
- 825 E Sheridan St
- 841 E Sheridan St
- 841 E Sheridan St Unit 3