NOT LISTED FOR SALE

425 W Colter St Phoenix, AZ 85013

Uptown Phoenix Neighborhood

Estimated Value: $777,000 - $1,155,000

-- Bed
-- Bath
3,202 Sq Ft
$280/Sq Ft Est. Value

Last Sold September 30, 2015

Last sale price $365,000 $114 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $4,922/month

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Heat Pump System
  • Madison Richard Simis School Rated A-
  • Ceiling Fan

About This Home

As of September 2015

Located near one of the hottest intersections (Central and Camelback) in the Medlock Historic District, this fourplex is in the midst of a quickly gentrifying neighborhood with huge potential. It's rarely vacant and rents quickly when it is. All 2 bedroom units with covered patios and covered parking make it popular with tenants.

Last Agent to Sell the Property

Artur Ciesielski

HomeSmart License #SA527273000 Listed on: 08/07/2015

HomeSmart

Last Buyer's Agent

Artur CRS

EXIT REALTY ONE SOURCE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,703

Year Built

  • Built in 1961

Lot Details

  • 7,971

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Multiple cooling system units
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 162-26-020

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $8,946
  • Gross Income $33,074
  • Net Operating Income $27,282

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,703

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Central and Camelback
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Verify
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Block, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Heat Pump, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Fuel Expense: 804.0
  • Annual Water Sewer Expense: 1968.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 162-26-020

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 384.0
  • Annual Gross Income: 33074.0
  • Insurance Expense: 1107.0
  • Maintenance Expense: 2200.0
  • Property Net Operating Income: 27282.0
  • Annual Operating Expense: 8946.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 1703.0
  • Tax Book Number: 162.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2021
Sold by
Hester Thomas O and Hester Shannon B
Bought by
Becker Orangewood Llc
Current Estimated Value
$896,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Outstanding Balance
$196,318
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$699,959

Purchase Details

Closed on
Apr 22, 2018
Sold by
Wave Investment Llc
Bought by
Becker Orangewood Llc

Purchase Details

Closed on
Jan 8, 2016
Sold by
Hester Thomas
Bought by
Wave Investment Llc

Purchase Details

Listed on
Aug 7, 2015
Closed on
Sep 21, 2015
Sold by
Hester Shannon B
Bought by
Hester Thomas
Seller's Agent
Artur Ciesielski
HomeSmart
Buyer's Agent
Artur Ciesielski
HomeSmart
List Price
$390,000
Sold Price
$365,000
Premium/Discount to List
-$25,000
-6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.18%
Original Mortgage
$255,500
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2013
Sold by
Hendriks Max
Bought by
Colter Street Llc

Purchase Details

Closed on
Nov 20, 2012
Sold by
Colter Street Llc
Bought by
Hendricks Max

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2010
Sold by
Hendriks Max and Hendriks Stephanie
Bought by
Colter Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2010
Sold by
Opara Teresa
Bought by
Hendriks Max and Hendriks Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2007
Sold by
Ruzmir Marcela
Bought by
Opara Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,100
Interest Rate
6.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2005
Sold by
Ruzmir Adrian B
Bought by
Ruzmir Marcela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2005
Sold by
Ruzmir Adrian B and Ruzmir Marcela A
Bought by
B & M Investments

Purchase Details

Closed on
Sep 15, 2003
Sold by
Ruzmir Marcela A
Bought by
Ruzmir Adrian B and Ruzmir Marcela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 12, 2003
Sold by
Ruzmir Adrian B
Bought by
Ruzmir Marcela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 28, 2003
Sold by
Bataneant Sorin and Bataneant Ramona
Bought by
Ruzmir Marcela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 18, 1994
Sold by
Moisand Michael K and Moisand Rogene K
Bought by
Bataneant Sorin and Bataneant Ramona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,433
Interest Rate
8.38%
Mortgage Type
Seller Take Back
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
Becker Orangewood Llc -- First Integrity Ttl Agcy Of
Hester Thomas O -- First Integrity Ttl Agcy Of
Becker Orangewood Llc -- None Available
Wave Investment Llc -- None Available
Hester Thomas -- Driggs Title Agency Inc
Hester Thomas $365,000 Driggs Title Agency Inc
Hendricks Max -- Driggs Title Agency Inc
Colter Street Llc -- None Available
Hendricks Max -- None Available
Colter Street Llc -- Chicago Title Insurance Comp
Hendriks Max $175,000 Chicago Title
Opara Teresa $459,000 Chicago Title Insurance Co
Ruzmir Marcela -- Stewart Title & Trust Of Pho
Ruzmir Marcela -- Stewart Title & Trust Of Pho
B & M Investments -- --
Ruzmir Adrian B -- Ticor Title Agency Of Az Inc
Ruzmir Adrian B -- Ticor Title Agency Of Az Inc
Ruzmir Marcela A -- Ticor Title Agency Of Az Inc
Ruzmir Marcela A $250,000 Ticor Title Agency Of Az Inc
Bataneant Sorin $115,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hester Thomas O $219,000
Previous Owner Hendricks Max $255,500
Previous Owner Hendricks Max $120,000
Previous Owner Hendriks Max $131,250
Previous Owner Opara Teresa $413,100
Previous Owner Ruzmir Marcela $205,000
Previous Owner Ruzmir Marcela A $200,000
Previous Owner Bataneant Sorin $33,433
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2015 09/30/15 Sold $365,000 -6.4% $114 / Sq Ft
08/07/2015 08/07/15 Pending -- -- --
08/07/2015 08/07/15 For Sale $390,000 -- $122 / 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 $2,542 $19,515 -- --
2024 $2,359 $18,586 -- --
2023 $2,359 $65,720 $13,140 $52,580
2022 $2,289 $46,260 $9,250 $37,010
2021 $2,308 $43,470 $8,690 $34,780
2020 $2,272 $37,860 $7,570 $30,290
2019 $2,222 $30,050 $6,010 $24,040
2018 $2,168 $26,060 $5,210 $20,850
2017 $2,066 $21,150 $4,230 $16,920
2016 $1,995 $18,330 $3,660 $14,670
2015 $1,853 $15,980 $3,190 $12,790
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Artur Ciesielski

    HomeSmart

    (602) 761-4600

    1 in this area

    2 Total Sales

    Artur Ciesielski
    Section Image

  • A

    Buyer's Agent in 2015

    Artur CRS

    EXIT REALTY ONE SOURCE

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5324276

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-26-020

Arizona Maricopa County Phoenix 85013 Uptown Phoenix

425 W Colter St, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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