NOT LISTED FOR SALE

115 W Forest Grove Ave Phoenix, AZ 85041

South Mountain Neighborhood

Estimated Value: $106,000 - $286,000

-- Bed
1 Bath
1 Sq Ft
$165,083/Sq Ft Est. Value

Last Sold September 24, 2018

Last sale price $58,500 $58,500 Per Sq Ft

Est. 182% increase in value since last sale

Current estimated payment $903/month

11 Days on Market

Highlights

  • Wood Flooring
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of September 2018

Zoned A-1, Light Industrial, Home is a fixer upper, but already has sewer system, electric & water utilities. Also has block wall that is 10-12' high, can put it higher if you need privacy. Home is walking distance from down town. Great opportunity to convert 2 existing buildings into office space/home. Many possibilities for someone needing light industrial space.Cash only

Last Agent to Sell the Property

Otilia Pena

West USA Realty License #SA572626000 Listed on: 08/28/2018

West USA Realty

Last Buyer's Agent

Raymundo Navarro

My Home Group Real Estate License #SA660442000

My Home Group Real Estate

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $345

Year Built

  • Built in 1932

Lot Details

  • 6,600 Sq Ft Lot
  • Block Wall Fence
  • Chain Link Fence
  • Additional Parcels
  • Property is zoned A1

Home Design

  • Wood Frame Construction

Interior Spaces

  • 1 Sq Ft Home
  • Wood Flooring

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 113-03-043

Community Details

Overview

  • 2 Buildings
  • Southside Sub Subdivision

Building Details

  • Operating Expense $1,380
  • Net Operating Income $1,300

Property Details

Property Type

Other

Est. Annual Taxes

$345

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Cross Street: S Central & Forest Grove Ave Directions:
  • Property Type: Comm/Industry Sale
  • Zoning: A1
  • Number Of Buildings: 2
  • Year Built: 1932
  • Tax Year: 2017
  • Lot Size Acres: 0.15
  • Subdivision Name: SOUTHSIDE SUB
  • Structure Type: Industrial, Distribution/Warehse
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood

Exterior Features

  • Fencing: Block, Chain Link
  • Construction Type: Frame - Wood
  • Roof: See Remarks, Rolled/Hot Mop
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Office Evap
  • Heating: Electric, Natural Gas
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 6600.0
  • Additional Parcels: Yes
  • Parcel #: 113-03-043
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 690.0
  • Property Net Operating Income: 1300.0
  • Annual Operating Expense: 1380.0

Tax Info

  • Tax Annual Amount: 345.0
  • Tax Book Number: 113.00
  • Tax Lot: 7
  • Tax Map Number: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2018
Closed on
Nov 20, 2018
Sold by
Az Arizona Investment Llc
Bought by
Marrufo Manuel Martinez and Martinez Elodia
Seller's Agent
Otilia Pena
West USA Realty
Buyer's Agent
Raymundo Navarro
My Home Group Real Estate
List Price
$70,000
Sold Price
$58,500
Premium/Discount to List
-$11,500
-16.43%
Current Estimated Value
$165,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,583
Avg. Annual Appreciation
15.83%

Purchase Details

Listed on
Aug 28, 2018
Closed on
Sep 20, 2018
Sold by
Vivanco Milca Eden
Bought by
Az Arizona Investments Llc
Seller's Agent
Otilia Pena
West USA Realty
Buyer's Agent
Raymundo Navarro
My Home Group Real Estate
List Price
$70,000
Sold Price
$58,500
Premium/Discount to List
-$11,500
-16.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 27, 1999
Sold by
Weigt Pat
Bought by
Weigt Patricia A

Purchase Details

Closed on
Aug 29, 1996
Sold by
Valdez Waltraud and Valdez Fridolino
Bought by
Vivanco Valente and Vivanco Maria Luz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
8.2%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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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
Marrufo Manuel Martinez $90,000 First American Title Insuran
Az Arizona Investments Llc $58,500 Fidelity National Title Agen
Weigt Patricia A -- --
Vivanco Valente $30,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Az Arizona Investments Llc $53,000
Previous Owner Vivanco Valente $24,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2018 09/24/18 Sold $58,500 -7.1% $58,500 / Sq Ft
09/07/2018 09/07/18 Pending -- -- --
09/05/2018 09/05/18 Price Changed $63,000 -10.0% $63,000 / Sq Ft
08/27/2018 08/27/18 For Sale $70,000 -- $70,000 / 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 $330 $2,248 $2,248 --
2024 $321 $2,141 $2,141 --
2023 $321 $6,045 $6,045 $0
2022 $314 $4,800 $4,800 $0
2021 $321 $4,095 $4,095 $0
2020 $317 $3,090 $3,090 $0
2019 $901 $6,850 $1,370 $5,480
2018 $362 $4,850 $970 $3,880
2017 $345 $3,420 $680 $2,740
2016 $369 $3,100 $620 $2,480
2015 $268 $2,510 $500 $2,010
Source: Public Records

Agents Affiliated with this Home

  • Otilia Pena

    Seller's Agent in 2018

    Otilia Pena

    West USA Realty

    (623) 628-4031

    1 in this area

    31 Total Sales

    Otilia Pena
    Section Image

  • R

    Buyer's Agent in 2018

    Raymundo Navarro

    My Home Group Real Estate

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5812324

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-03-043

Arizona Maricopa County Phoenix 85041 South Mountain

115 W Forest Grove Ave, Phoenix, AZ

This home is located at 115 W Forest Grove Ave, Phoenix, AZ 85041 since 28 August 2018 and is currently estimated at $165,083, approximately $165,083 per square foot. This property was built in 1932. 115 W Forest Grove Ave is a home located in Maricopa County with nearby schools including Cesar E Chavez Community School, Phoenix Coding Academy, and Cesar Chavez High School.

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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