$230,000
SOLD JAN 4, 2017

5548 N 5th Ln Phoenix, AZ 85013

3 Beds
2 Baths
1,717 Sq Ft
4,260 Sq Ft Lot

Recently Sold

$134 Per Sq Ft

8% Below List Price

8 Days on Market

Highlights

  • Vaulted Ceiling
  • Santa Fe Architecture
  • Heated Community Pool
  • Madison Richard Simis School Rated A-
  • End Unit
  • Solar Screens

About This Home

As of September 2021

Remarkable opportunity for a Central Corridor Remodel!!! Intimate patio home enclave minutes from multiple ''Best of Phoenix'' restaurants, the trendy Melrose District, Light Rail and all that downtown has to offer! Stepped up vaulted ceiling in the great room adds interest and dimension. The private back yard could be made into a wonderful ''outdoor living space'' accessible from both great room and master bdrm. A neighbor knocked out the wall between the kitchen/brkfst area and the great room for a really spacious open floor plan.(see mls) His and Hers closets in master along with large linen allows for plenty of storage. Location, Location, Location! Bring your vision and transform this home in a fabulous location!!
Dishwasher not working - Sold As-Is. Call TJ with any questions.

Last Agent to Sell the Property

TJ Jett

HomeSmart License #SA029279000 Listed on: 11/15/2016

HomeSmart

Last Buyer's Agent

Jessie Collier

DeLex Realty License #SA505814000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,907

Year Built

  • Built in 1973

Lot Details

  • 4,260 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Private Streets
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Grass Covered Lot

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Santa Fe Architecture
  • Patio Home
  • Property Attached
  • Fixer Upper
  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof

Interior Spaces

  • 1,717 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Solar Screens
  • Living Room with Fireplace
  • Dishwasher

Flooring

  • Carpet
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

  • Macarthur Elementary School
  • Madison Meadows Middle School
  • Central High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Patio
  • Property is near a bus stop

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 162-29-091

Community Details

Overview

  • Property has a Home Owners Association
  • La Colonia Solana Association, Phone Number (602) 264-8181
  • Built by E. L. Jones
  • La Colonia Solana /Sub Lot Dev/ Subdivision

Recreation

  • Heated Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,907

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Cross Street: 7th Ave/Missouri Ave
  • Legal Info Range: 3E
  • Property Type: Residential
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 195.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1973
  • Tax Year: 2016
  • Directions: East on Missouri from 7th Ave, Left into La Colonia Solana, Left and back to last house on the Left.
  • Property Sub Type: Patio Home
  • Lot Size Acres: 0.1
  • Subdivision Name: LA COLONIA SOLANA /SUB LOT DEV/
  • Architectural Style: Territorial/Santa Fe
  • New Construction: No
  • Efficiency: Sunscreen(s)
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 195.0
  • Laundry:Washer Included: Yes
  • Laundry:Dryer Included: Yes
  • Technology:Cable TV Avail: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Linoleum, Vinyl
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: Master Downstairs, No Interior Steps, Vaulted Ceiling(s), Pantry, 3/4 Bath Master Bdrm
  • Living Area: 1717.0
  • Stories: 1
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Fireplace:_one_ Fireplace: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Kitchen Features Pantry: Yes
  • Community Features:Near Bus Stop: Yes
  • Fireplace:Fireplace Living Rm: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Patio, Private Street(s)
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Grass Front, Grass Back
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Common Walls: 1 Common Wall, End Unit
  • Construction Type: Painted, Frame - Wood, Slump Block
  • Property Condition: Fixer
  • Roof: Tile, Built-Up
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes
  • Construction:Slump Block: Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Natural Gas
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop, Pool
  • Amenities: Rental OK (See Rmks), Self Managed
  • Association Fee Frequency: Monthly
  • Association Name: La Colonia Solana
  • Phone: 602-264-8181
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: La Colonia Solana
  • Association Fees:HOA Telephone4: 602-264-8181
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Front Yard Maint: Yes

Schools

  • Elementary School: MacArthur Elementary School
  • High School: Central High School
  • Middle Or Junior School: Madison Meadows School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4260.0
  • Parcel #: 162-29-091
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: E. L. Jones

Tax Info

  • Tax Annual Amount: 1907.0
  • Tax Book Number: 162.00
  • Tax Lot: 8
  • Tax Map Number: 29.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Aug 11, 2021
Sold by
Schmitt Lisa
Bought by
Kawell Carol A
Seller's Agent
Brian Frey
RETSY
Buyer's Agent
Carol Kawell
The Madison Group
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Current Estimated Value
$545,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,815
Avg. Annual Appreciation
2.30%

Purchase Details

Listed on
Aug 18, 2017
Closed on
Nov 6, 2017
Sold by
Brewer Matthew D and Collier Jessielyn
Bought by
Schmitt Lisa and Schmitt August
Seller's Agent
Jessie Collier
DeLex Realty
Buyer's Agent
Brian Frey
RETSY
List Price
$325,000
Sold Price
$312,500
Premium/Discount to List
-$12,500
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.09%
Original Mortgage
$250,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 15, 2016
Closed on
Dec 22, 2016
Sold by
Brewer Matthew D
Bought by
Brewer Matthew D
Seller's Agent
TJ Jett
HomeSmart
Buyer's Agent
Jessie Collier
DeLex Realty
List Price
$249,867
Sold Price
$230,000
Premium/Discount to List
-$19,867
-7.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.04%
Original Mortgage
$184,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 15, 2016
Closed on
Dec 15, 2016
Sold by
Pease Marion
Bought by
Brewer Matthew D
Seller's Agent
TJ Jett
HomeSmart
Buyer's Agent
Jessie Collier
DeLex Realty
List Price
$249,867
Sold Price
$230,000
Premium/Discount to List
-$19,867
-7.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2010
Sold by
Pease Marion
Bought by
Pease Marion
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

Date Type Sale Price Title Company
Warranty Deed $500,000 Clear Title Agency Of Az
Warranty Deed $312,500 Wfg National Title Insurance
Interfamily Deed Transfer -- None Available
Warranty Deed $230,000 Great Amer Title Agency Inc
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $405,000 New Conventional
Previous Owner $250,000 New Conventional
Previous Owner $184,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2021 09/02/21 Sold $500,000 0.0% $291 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
07/31/2021 07/31/21 Price Changed $500,000 -4.8% $291 / Sq Ft
07/29/2021 07/29/21 For Sale $525,000 +68.0% $306 / Sq Ft
11/08/2017 11/08/17 Sold $312,500 -3.8% $182 / Sq Ft
08/30/2017 08/30/17 For Sale $325,000 0.0% $189 / Sq Ft
08/22/2017 08/22/17 Pending -- -- --
08/18/2017 08/18/17 For Sale $325,000 +41.3% $189 / Sq Ft
01/04/2017 01/04/17 Sold $230,000 -8.0% $134 / Sq Ft
11/23/2016 11/23/16 Pending -- -- --
11/15/2016 11/15/16 For Sale $249,867 -- $146 / 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 $2,495 $22,884 -- --
2024 $2,423 $21,795 -- --
2023 $2,423 $40,710 $8,140 $32,570
2022 $2,345 $30,720 $6,140 $24,580
2021 $2,393 $29,160 $5,830 $23,330
2020 $2,354 $26,570 $5,310 $21,260
2019 $2,301 $24,600 $4,920 $19,680
2018 $2,240 $22,600 $4,520 $18,080
2017 $2,127 $20,620 $4,120 $16,500
2016 $2,049 $20,510 $4,100 $16,410
2015 $1,907 $18,270 $3,650 $14,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5525505

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-29-091