NOT LISTED FOR SALE

917 E Granada Rd Phoenix, AZ 85006

Coronado Neighborhood

Estimated Value: $577,000 - $983,000

-- Bed
2 Baths
1,149 Sq Ft
$709/Sq Ft Est. Value

Last Sold January 13, 2020

Last sale price $630,000 $548 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,442/month

32 Days on Market

Highlights

  • Heated Community Pool
  • Central Air
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of January 2020

DRIVE BY ONLY. This is a great tri-plex in the heart of the Coronado District with STRONG RENTAL RATES & OCCUPANCY, All units recently remodeled. Minutes form the core of Downtown Phoenix and walking distance to restaurants and the Safeway shopping center. Unit 1 is the charming house in front with 3beds/2baths; Unit 2 is a 2beds/1bath behind the house; and Unit 3 is a 3beds/2baths at the end with a private yard and extra parking. Huge plus is all units have their own washer/dryer. The front charming house would also make a wonderful primary residence supported by two strong income producing units or an AIRBNB. Current rents are $1,825, $1,018 & $1,395.
for a total of over $50,000 year in gross rental income.

Last Agent to Sell the Property

Dennis Kolodin

Metro Realty License #BR535429000 Listed on: 10/23/2019

Last Buyer's Agent

Josie McCarthy

McCarthy Thielman Realty License #SA579502000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,477

Year Built

  • Built in 1927

Lot Details

  • 8,233

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Kenilworth Elementary School
  • Central High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Legal Lot and Block 5 / 4
  • Assessor Parcel Number 117-32-059

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 8,235
  • Hurley Heights Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $12,862
  • Gross Income $46,385
  • Net Operating Income $36,577

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,477

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Cross Street: 7th St and McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1927
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Professional Management Expense: 900.0
  • Subdivision Name: HURLEY HEIGHTS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 2000.0

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Middle Or Junior School: Kenilworth Elementary School

Lot Info

  • Lot Size: 8,235
  • Additional Parcels: No
  • Parcel #: 117-32-059

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 46385.4
  • Insurance Expense: 2029.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 36577.0
  • Annual Operating Expense: 12862.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1477.0
  • Tax Block: 4
  • Tax Book Number: 117.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2019
Closed on
Dec 3, 2019
Sold by
Terrarum Llc
Bought by
Crisp Eric and Crisp Tara
Seller's Agent
Dennis Kolodin
Metro Realty
Buyer's Agent
Josie McCarthy
McCarthy Thielman Realty
List Price
$665,000
Sold Price
$630,000
Premium/Discount to List
-$35,000
-5.26%
Current Estimated Value
$815,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,197
Avg. Annual Appreciation
4.49%
Original Mortgage
$457,385
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 11, 2017
Closed on
Jun 20, 2017
Sold by
Brien Michael J O
Bought by
Terrarum Llc
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Dennis Kolodin
Metro Realty
List Price
$450,000
Sold Price
$442,500
Premium/Discount to List
-$7,500
-1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.80%

Purchase Details

Closed on
Feb 2, 2006
Sold by
Orenick Michael
Bought by
Obrien Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 1999
Sold by
Orenick Craig M
Bought by
Orenick Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
10.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 1995
Sold by
Hud
Bought by
Orenick Craig M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,500
Interest Rate
7.92%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 11, 1995
Sold by
Allstate Mtg Corp and Campillo Manuel O
Bought by
Merrill Lynch Credit Corp

Purchase Details

Closed on
Jan 4, 1995
Sold by
Merrill Lynch Credit Corp
Bought by
Hud
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Crisp Eric $630,000 First American Title Ins Co
Terrarum Llc $442,500 Premier Title Agency
Obrien Michael J $252,000 Security Title Agency Inc
Orenick Michael $135,000 Ati Title Agency
Orenick Craig M -- Security Title Agency
Merrill Lynch Credit Corp -- Security Title Agency
Hud -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crisp Eric $457,385
Previous Owner Obrien Michael J $189,000
Previous Owner Orenick Michael $101,250
Previous Owner Orenick Craig M $68,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2020 01/13/20 Sold $630,000 -5.3% $548 / Sq Ft
12/02/2019 12/02/19 Pending -- -- --
10/31/2019 10/31/19 For Sale $665,000 +5.6% $579 / Sq Ft
10/23/2019 10/23/19 Off Market $630,000 -- --
06/21/2017 06/21/17 Sold $442,500 -1.7% $184 / Sq Ft View Prior Sale
05/17/2017 05/17/17 Pending -- -- --
05/11/2017 05/11/17 For Sale $450,000 -- $187 / 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 $1,639 $11,536 -- --
2024 $1,528 $10,987 -- --
2023 $1,528 $26,675 $5,335 $21,340
2022 $1,473 $21,635 $4,325 $17,310
2021 $1,462 $18,675 $3,735 $14,940
2020 $1,479 $17,610 $3,520 $14,090
2019 $1,477 $15,430 $3,085 $12,345
2018 $1,452 $12,430 $2,485 $9,945
2017 $1,418 $12,200 $2,440 $9,760
2016 $1,165 $9,350 $1,870 $7,480
2015 $1,078 $8,430 $1,685 $6,745
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Dennis Kolodin

    Metro Realty

    Section Image
  • Josie McCarthy

    Buyer's Agent in 2020

    Josie McCarthy

    McCarthy Thielman Realty

    (480) 297-3922

    38 Total Sales

    Josie McCarthy
    Section Image

  • J

    Seller's Agent in 2017

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    7 in this area

    50 Total Sales

    James Stephens
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5995556

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-32-059

Arizona Maricopa County Phoenix 85006 Coronado

917 E Granada Rd, Phoenix, AZ

Not Listed for Sale

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

Nearby Homes