NOT LISTED FOR SALE

5223 N 17th Ave Phoenix, AZ 85015

Alhambra Neighborhood
-- Bed
1 Bath
600 Sq Ft
0.42 Acre Lot

Sale Details

Date Sold: January 27, 2020

Last sale price $1,375,000 $2,292 Per Sq Ft

24 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A
  • Carpet

About This Home

As of January 2020

BRAND NEW 2 BEDROOM 2 BATH UNITS IN THE HEART OF PHOENIX. TWO BUILDING 4 UNITS EACH. TOTAL OF 8 UNITS. WALKING DISTANCE TO COSTCO, WALMART, TARGET, DINING AND LIGHT RAIL. UNITS INCLUDE WASHER DRYER, STOVE, RANGE MICROWAVE AND DISHWASHER. REALLY NICE PROPERTY. ALL UNITS ARE LEASED AND WAITING ITS NEW OWNER TO MANAGE.

Last Agent to Sell the Property

Veronica Pinales

Colonial Realty, LLC License #SA561757000 Listed on: 09/30/2019

Last Buyer's Agent

Veronica Pinales

Colonial Realty, LLC License #SA561757000 Listed on: 09/30/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,633

Year Built

  • Built in 2016

Lot Details

  • 0.42

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Schools

  • Solano Elementary School
  • Osborn Middle School
  • Washington High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, landscaping
  • Legal Lot and Block 5 / 2
  • Assessor Parcel Number 156-39-031-A

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 4074
  • Nile Tract Blk 2 Subdivision

Building Details

  • Operating Expense $18,713
  • Gross Income $115,200
  • Net Operating Income $96,487

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,633

Year Built

Built in 2016

Lot Details

0.42 Acres

Listing Details

  • Cross Street: 17TH AVE AND COLTER
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2016
  • Tax Year: 2019
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 4800.0
  • Subdivision Name: NILE TRACT BLK 2
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Assigned, Add'l Parking Avail, <1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Individual
  • 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:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Fee Information

  • Annual Water Sewer Expense: 3120.0

Schools

  • Elementary School: Solano School
  • High School: Washington High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 4074
  • Additional Parcels: No
  • Parcel #: 156-39-031-A

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 360.0
  • Annual Gross Income: 115200.0
  • Property Net Operating Income: 96487.0
  • Annual Operating Expense: 18713.0

Tax Info

  • Tax Annual Amount: 8633.0
  • Tax Block: 2
  • Tax Book Number: 156.00
  • Tax Lot: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2019
Closed on
Jan 21, 2020
Sold by
Bought by
Seller's Agent
Veronica Pinales
Colonial Realty, LLC
Buyer's Agent
Veronica Pinales
Colonial Realty, LLC
List Price
$2,899,000
Sold Price
$1,375,000
Premium/Discount to List
-$1,524,000
-52.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Outstanding Balance
$660,240
Interest Rate
3.73%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 20, 2013
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 2011
Sold by
Bought by

Purchase Details

Closed on
Oct 31, 2005
Sold by
Bought by

Purchase Details

Closed on
Dec 20, 2002
Sold by
Bought by

Purchase Details

Closed on
May 6, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Interest Rate
7.2%

Purchase Details

Closed on
Sep 12, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,300,000 Fidelity National Title Agcy
-- None Available
-- Accommodation
$237,000 Chicago Title Insurance Co
-- Accommodation
-- Land Title Guarantee
$70,000 Security Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $760,000
Previous Owner $73,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/27/2020 01/27/20 Sold $1,375,000 -14.1% $2,292 / Sq Ft
12/11/2019 12/11/19 Price Changed $1,600,000 0.0% $2,667 / Sq Ft
10/24/2019 10/24/19 Pending -- -- --
10/15/2019 10/15/19 Price Changed $1,600,000 -11.1% $2,667 / Sq Ft
10/02/2019 10/02/19 Price Changed $1,800,000 -37.9% $3,000 / Sq Ft
09/30/2019 09/30/19 For Sale $2,899,000 -- $4,832 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,207 $75,520
2024 $9,155 $71,924
2023 $9,155 $203,300 $40,660 $162,640
2022 $9,104 $147,850 $29,570 $118,280
2021 $9,259 $131,480 $26,290 $105,190
2020 $9,025 $99,150 $19,830 $79,320
2019 $8,633 $78,270 $15,650 $62,620
2018 $7,159 $11,805 $11,805 $0
2017 $1,671 $14,860 $2,970 $11,890
2016 $604 $7,980 $1,590 $6,390
2015 $562 $6,720 $1,340 $5,380
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2020

    Veronica Pinales

    Colonial Realty, LLC

    Section Image

  • R

    Buyer Co-Listing Agent in 2020

    Royce Munroe

    Munroe Multifamily

    (480) 221-5449

    39 Total Sales

    Royce Munroe
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5985246

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-39-031A

Arizona Maricopa County Phoenix 85015 Alhambra

5223 N 17th Ave, Phoenix, AZ

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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