P
Seller's Agent in 2022
Paul Brown
HomeSmart
(626) 826-6301
4 in this area
9 Total Sales
Estimated Value: $560,000 - $593,000
Studio
--
Bath
1,680
Sq Ft
$345/Sq Ft
Est. Value
Highlights
- Ceramic Tile Flooring
- Central Air
- Heat Pump System
- Phoenix Coding Academy Rated A
About This Home
As of March 2022What a great opportunity this Mid-Century classic presents in this popular Phoenix neighborhood. Vaulted ceilings and private backyards give these charming duplexes great potential. Remodeled units would rent for 1750 to 2000 each. This property also has great potential as a multi-unit short term rental. Both 1807 and 1813 E Colter are being sold together for the price of $1,150,000.
All units will be vacant by April 30, 2022. Please respect tenants rights and privacy. Buyer to view and inspect property after accepted contract. Property sold As-Is.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,121
Year Built
- Built in 1956
Lot Details
- 8,886
Home Design
- Brick Exterior Construction
- Wood Frame Construction
Flooring
- Ceramic Tile Flooring
Parking
- 4 Parking Spaces
- 2 Covered Spaces
- Common or Shared Parking
Utilities
- Central Air
- Heat Pump System
Listing and Financial Details
- Tenant pays for gas, electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 10
- Assessor Parcel Number 164-56-043
Community Details
Overview
- 2 Units
- Building Dimensions are 122 x 73
Building Details
- Operating Expense $2,121
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 20, 2022
Closed on
Feb 1, 2022
Sold by
Brown Melodi S
Bought by
Valente Kevin Eric
Seller's Agent
Paul Brown
HomeSmart
Buyer's Agent
Chris Scott
HomeSmart
List Price
$550,000
Sold Price
$600,000
Premium/Discount to List
$50,000
9.09%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,645
Avg. Annual Appreciation
-0.86%
Original Mortgage
$450,000
Outstanding Balance
$418,561
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$161,794
Purchase Details
Closed on
Feb 24, 2021
Sold by
Ada O I Llc
Bought by
Brown Melodi S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 3, 2013
Sold by
Ognjanov John O
Bought by
Ada O I Llc
Purchase Details
Closed on
Sep 3, 2002
Sold by
Ognjanov John O
Bought by
Oreb Ada
Purchase Details
Closed on
Mar 6, 1995
Sold by
Dracic Annie
Bought by
Oreb Ada and Ognjanov John O
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Valente Kevin Eric | $600,000 | American Title Services | |
| Brown Melodi S | $250,000 | Lawyers Title Of Arizona Inc | |
| Ada O I Llc | -- | None Available | |
| Oreb Ada | -- | -- | |
| Oreb Ada | -- | Stewart Title & Trust | |
| Dracic Annie | -- | Stewart Title & Trust |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Valente Kevin Eric | $450,000 | |
| Previous Owner | Brown Melodi S | $187,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/04/2022 03/04/22 | Sold | $600,000 | +9.1% | $357 / Sq Ft |
| 01/21/2022 01/21/22 | Pending | -- | -- | -- |
| 01/20/2022 01/20/22 | For Sale | $550,000 | -- | $327 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,482 | $18,677 | -- | -- |
| 2024 | $2,166 | $17,788 | -- | -- |
| 2023 | $2,166 | $39,170 | $7,830 | $31,340 |
| 2022 | $2,093 | $37,000 | $7,400 | $29,600 |
| 2021 | $2,122 | $35,350 | $7,070 | $28,280 |
| 2020 | $2,088 | $32,350 | $6,470 | $25,880 |
| 2019 | $2,043 | $24,120 | $4,820 | $19,300 |
| 2018 | $1,992 | $20,780 | $4,150 | $16,630 |
| 2017 | $1,897 | $19,110 | $3,820 | $15,290 |
| 2016 | $1,831 | $17,600 | $3,520 | $14,080 |
| 2015 | $1,705 | $17,020 | $3,400 | $13,620 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Brown
-
Chris Scott
Buyer's Agent in 2022
Chris Scott
HomeSmart
(602) 321-4163
6 in this area
58 Total Sales
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6344636
APN: 164-56-043
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.
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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