NOT LISTED FOR SALE

327 N 16th Ave Phoenix, AZ 85007

Governmental Mall Neighborhood

Estimated Value: $421,000 - $614,811

1 Bed
3 Baths
1,250 Sq Ft
$410/Sq Ft Est. Value

Last Sold July 14, 2017

Last sale price $152,000 $122 Per Sq Ft

Est. 237% increase in value since last sale

Current estimated payment $2,781/month

82 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of July 2017

Investors- great opportunity to own this stand alone 2 BR home + 2 one BR units in a great area of similar properties with easy access to downtown, schools, bus lines & I-17!

Last Agent to Sell the Property

Nancy McLean

Berkshire Hathaway HomeServices Arizona Properties License #BR005020000 Listed on: 03/16/2017

Last Buyer's Agent

Phillip Geretti

Highland Real Estate License #BR046673000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $762

Year Built

  • Built in 1969

Lot Details

  • 6,752

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Paved Parking

Schools

  • Capitol Elementary School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 35
  • Assessor Parcel Number 111-26-033

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 6754
  • Capitola Place Subdivision

Building Details

  • Operating Expense $5,712
  • Gross Income $15,525
  • Net Operating Income $12,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$762

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Cross Street: 16th Avenue & Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1969
  • Tax Year: 2016
  • Directions: North of Van Buren on 16th Avenue
  • Road Surface Type: Asphalt
  • Subdivision Name: Capitola Place
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, 1 Space/Unit
  • 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:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 700.0
  • Annual Water Sewer Expense: 800.0

Schools

  • Elementary School: Capitol Elementary School
  • High School: Other
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 6754
  • Additional Parcels: No
  • Parcel #: 111-26-033

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 15525.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 12600.0
  • Annual Operating Expense: 5712.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 762.0
  • Tax Book Number: 111.00
  • Tax Lot: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2017
Closed on
Jul 6, 2017
Sold by
Cci Llc
Bought by
Diaz Eric
Seller's Agent
Nancy McLean
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Phillip Geretti
Highland Real Estate
List Price
$185,000
Sold Price
$152,000
Premium/Discount to List
-$33,000
-17.84%
Current Estimated Value
$512,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,703
Avg. Annual Appreciation
15.82%
Original Mortgage
$121,600
Outstanding Balance
$101,168
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$411,535

Purchase Details

Closed on
Jan 26, 2010
Sold by
Portillo Jesus Q and Mortgage Electronic Registrati
Bought by
Cci Llc

Purchase Details

Closed on
Mar 16, 2005
Sold by
Frank Glen V and Frank Nicole M
Bought by
Portillo Jesus Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
1.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 15, 2001
Sold by
Gonzales Paul M and Gonzales Alicia P
Bought by
Gonzales Paul and Gonzales Alicia

Purchase Details

Closed on
May 5, 1998
Sold by
Gonzales Paul F F and Gonzales Paul F
Bought by
Gonzales Paul M and Gonzales Alicia P
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Diaz Eric $152,000 Wfg National Title Insurance
Cci Llc $45,100 None Available
Portillo Jesus Q $190,000 Security Title Agency Inc
Gonzales Paul -- --
Gonzales Paul M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Eric $121,600
Previous Owner Portillo Jesus Q $133,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2017 07/14/17 Sold $152,000 -10.1% $122 / Sq Ft
06/05/2017 06/05/17 Pending -- -- --
05/15/2017 05/15/17 Price Changed $169,000 -8.6% $135 / Sq Ft
03/15/2017 03/15/17 For Sale $185,000 -- $148 / 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 $854 $6,384 -- --
2024 $845 $6,080 -- --
2023 $845 $35,520 $7,100 $28,420
2022 $815 $25,070 $5,010 $20,060
2021 $809 $21,410 $4,280 $17,130
2020 $819 $20,230 $4,040 $16,190
2019 $817 $16,980 $3,390 $13,590
2018 $803 $12,860 $2,570 $10,290
2017 $785 $12,050 $2,410 $9,640
2016 $762 $10,850 $2,170 $8,680
2015 $705 $7,070 $1,410 $5,660
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2017

    Nancy McLean

    Berkshire Hathaway HomeServices Arizona Properties

  • Phillip Geretti

    Buyer's Agent in 2017

    Phillip Geretti

    Highland Real Estate

    (602) 510-1492

    129 Total Sales

    Phillip Geretti
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5576131

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-26-033

Arizona Maricopa County Phoenix 85007 Governmental Mall

327 N 16th Ave, Phoenix, AZ

This home is located at 327 N 16th Ave, Phoenix, AZ 85007 since 16 March 2017 and is currently estimated at $512,703, approximately $410 per square foot. This property was built in 1969. 327 N 16th Ave is a home located in Maricopa County with nearby schools including Capitol Elementary School, Phoenix Coding 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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