$312,500
SOLD NOV 8, 2017

5548 N 5th Ln Phoenix, AZ 85013

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

Recently Sold

$182 Per Sq Ft

4% Below List Price

4 Days on Market

Highlights

  • Vaulted Ceiling
  • Santa Fe Architecture
  • Corner Lot
  • Madison Richard Simis School Rated A-
  • End Unit
  • Granite Countertops

About This Home

As of September 2021

Remarkable Opportunity in the Central Corridor! Intimate Patio Home Minutes from Multiple ''Best of Phoenix'' Restaurants, Melrose District, Light Rail, Biltomore Area and Downtown Phoenix * Almost Everything in this House is NEW * Oversized Great Room w/ Fireplace and Vaulted Ceilings Accented by Natural Wood Beam & Pillars * Kitchen Boasts New Popular Classic White Cabinets, Nickel Hardware, Gray Countertops/Backsplash, Large Sink & Stainless Steel Appliances * New Two Tone Paint and Wood-Looking Ceramic Tile Flooring Throughout * New Upgraded Master Bath w/ Floor-to-Ceiling Tile Surround * Upgraded Lighting & Networing Wiring * Oversized Corner Lot Offers Tons of Privacy * Backyard Could Be Made into a Wonderful Outdoor Living Space & Accessible from Both Great Room & Master.

Last Agent to Sell the Property

Jessie Collier

DeLex Realty License #SA505814000 Listed on: 08/18/2017

DeLex Realty

Last Buyer's Agent

Brian Frey

RETSY License #SA670489000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,049

Year Built

  • Built in 1973

Lot Details

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

HOA Fees

  • $195 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Unassigned Parking

Home Design

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

Interior Spaces

  • 1,717 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Living Room with Fireplace
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Microwave
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 2 Bathrooms

Outdoor Features

  • Patio
  • Playground

Schools

  • Madison Meadows Elementary And Middle School
  • Central High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Property is near a bus stop

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 8
  • Assessor Parcel Number 162-29-091

Community Details

Overview

  • Association fees include ground maintenance, front yard maint
  • La Colonia Solana Association, Phone Number (602) 264-8181
  • La Colonia Solana /Sub Lot Dev/ Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,049

Year Built

Built in 1973

Lot Details

0

HOA Fees

$195 per month

Parking

2

Listing Details

  • Cross Street: 7th Ave/Missouri Ave
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • 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
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2017
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2017
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2017
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2017
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1973
  • Tax Year: 2016
  • Directions: E2 5th Lane, Go left upon entering Subdivision, park in front of Community Pool. House is on left on north corner.
  • Property Sub Type: Patio Home
  • Horses: No
  • Lot Size Acres: 0.1
  • Subdivision Name: LA COLONIA SOLANA /SUB LOT DEV/
  • Architectural Style: Territorial/Santa Fe
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 195.0
  • Dining Area:Breakfast Bar: Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: Master Downstairs, Eat-in Kitchen, Breakfast Bar, No Interior Steps, Vaulted Ceiling(s), Pantry, 3/4 Bath Master Bdrm, High Speed Internet, Granite Counters
  • Living Area: 1717.0
  • Stories: 1
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features Pantry: Yes
  • Community Features:Near Bus Stop: Yes
  • Fireplace:Fireplace Living Rm: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Playground, Patio, Private Street(s)
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Grass Front
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Seller Discl Avail
  • Home Warranty: Yes
  • Common Walls: 1 Common Wall, End Unit
  • Construction Type: Painted, Frame - Wood, Slump Block
  • Roof: Tile, Built-Up
  • Construction:Frame - Wood: Yes
  • Exterior Features:Childrens Play Area: 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, Unassigned
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Unassigned Parking: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Natural Gas
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Community Pool, Near Bus Stop
  • Amenities: Rental OK (See Rmks), Self Managed
  • Association Fee: 195.0
  • 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

Fee Information

  • Association Fee Includes: Maintenance Grounds, Front Yard Maint

Schools

  • Elementary School: Madison Meadows School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • 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: Unknown

Tax Info

  • Tax Annual Amount: 2049.0
  • 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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Range of Values:

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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: 5648549

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-29-091