NOT LISTED FOR SALE

Phoenix, AZ 85006

Coronado Neighborhood
Studio
1 Bath
800 Sq Ft
6,490 Sq Ft Lot

Last Sold April 04, 2014

Last sale price $313,800 $392 Per Sq Ft

90 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of April 2014

This 100% occupied 5-plex is well maintained and situated conveniently on the corner of 12th St just south of Thomas Rd within close proximity to freeways and shopping. Units are individually metered for electricity. Each unit features a private enclosed courtyard with washer/dryer hookups. All roofs have been replaced in the last three months. Owner has little apartment ownership experience as noted by units rents currently well below market. Property was just appraised for $340,000 in September 2013!!

Last Agent to Sell the Property

James Small

Imola Property Managment License #BR559215000 Listed on: 11/13/2013

Last Buyer's Agent

Jennifer Hibbard

Twins & Co. Realty, LLC License #BR531556000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,959

Year Built

  • Built in 1959

Lot Details

  • 6,490

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 5 Parking Spaces
  • 5 Covered Spaces
  • On-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 10
  • Assessor Parcel Number 117-22-010

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Building Dimensions are 14300

Building Details

  • Operating Expense $13,694
  • Net Operating Income $20,236

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,959

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 16th St & Thomas Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Year Built: 1959
  • Tax Year: 2013
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Professional Management Expense: 2782.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Appraisal
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: None
  • Cooling: Central A/C, Individual, Heat Pump
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3975.0

Lot Info

  • Lot Size: 14300
  • Additional Parcels: No
  • Parcel #: 117-22-010

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 5
  • Insurance Expense: 1125.0
  • Maintenance Expense: 2803.0
  • Property Net Operating Income: 20236.0
  • Annual Operating Expense: 13694.0
  • Vacancy Allowance Rate: 7.0

Tax Info

  • Tax Annual Amount: 1959.0
  • Tax Book Number: 117.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2023
Sold by
Mills Group Llc
Bought by
12Th Street Townhomes Llc

Purchase Details

Listed on
Nov 13, 2013
Closed on
Apr 3, 2014
Sold by
Ah Ha Holdings Llc
Bought by
The Mills Group Llc
Seller's Agent
James Small
Imola Property Managment
Buyer's Agent
Jennifer Hibbard
Twins & Co. Realty, LLC
List Price
$335,000
Sold Price
$313,800
Premium/Discount to List
-$21,200
-6.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,350
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 19, 2006
Sold by
D & D Anderson Family Holdings Llc
Bought by
Ah Ha Holdingd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,250
Interest Rate
6.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 1999
Sold by
Beyers Brett
Bought by
Perdida Srudad Properties Llc

Purchase Details

Closed on
Dec 30, 1998
Sold by
Haag Louis A and Haag Janie B
Bought by
Beyers Brett

Purchase Details

Closed on
Sep 8, 1997
Sold by
Schmitt Dwain R and Schmitt Jennifer
Bought by
Haag Louis A and Haag Janie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
7.34%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
12Th Street Townhomes Llc -- None Listed On Document
The Mills Group Llc $313,800 Equity Title Agency Inc
Ah Ha Holdingd Llc -- Westland Title Agency
D & D Anderson Family Holdings Llc $417,500 Westland Title Agency
Perdida Srudad Properties Llc -- --
Beyers Brett $151,000 First American Title
Haag Louis A $118,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Mills Group Llc $235,350
Previous Owner D & D Anderson Family Holdings Llc $292,250
Previous Owner Haag Louis A $106,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/04/2014 04/04/14 Sold $313,800 -6.3% $392 / Sq Ft
02/07/2014 02/07/14 Pending -- -- --
11/09/2013 11/09/13 For Sale $335,000 -- $419 / 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 $379 $2,669 $2,669 --
2024 $354 $2,542 $2,542 --
2023 $354 $9,530 $9,530 $0
2022 $341 $7,090 $7,090 $0
2021 $338 $6,290 $6,290 $0
2020 $342 $5,090 $5,090 $0
2019 $342 $4,350 $4,350 $0
2018 $336 $3,810 $3,810 $0
2017 $328 $3,310 $3,310 $0
2016 $319 $2,910 $2,910 $0
2015 $295 $3,070 $3,070 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    James Small

    Imola Property Managment

  • Jennifer Hibbard

    Buyer's Agent in 2014

    Jennifer Hibbard

    Twins & Co. Realty, LLC

    (602) 908-5801

    10 in this area

    207 Total Sales

    Jennifer Hibbard
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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5029914

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-22-010

Arizona Maricopa County Phoenix 85006

Coronado

Not Listed for Sale

MultiFamily

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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