NOT LISTED FOR SALE

1402 W Whitton Ave Phoenix, AZ 85013

Campus Vista Neighborhood

Estimated Value: $628,408 - $687,000

12 Beds
-- Bath
2,375 Sq Ft
$277/Sq Ft Est. Value

Last Sold August 08, 2023

Last sale price $1,325,000 $558 Per Sq Ft

Est. 50% decrease in value since last sale

Current estimated payment $3,606/month

23 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of August 2023

Built in 1949, this recently renovated 6 unit apartment community presents a unique opportunity to acquire a stabilized asset located in one of Phoenix's strongest performing submarkets. Consisting of (6) 2 bedroom, 1 bathroom floor plans, this property features updated interiors and exterior, new appliances, and modern finishes throughout, which will reduce the need for immediate capital expenditures and minimize ongoing maintenance costs. Future ownership will also be able to capitalize on strong in-place rents averaging$1,661 per unit per month. Located near the I-17 and I-10 freeways, this centralized location provides tenants easy access to many upscale shopping, dining, and entertainment options, including vibrant hubs such as Downtown Phoenix, Encanto Park, and the Melrose District

Last Agent to Sell the Property

Andrew Smith

Elite Partners License #SA700745000 Listed on: 05/15/2023

Elite Partners

Last Buyer's Agent

Andrew Smith

Elite Partners License #SA700745000 Listed on: 05/15/2023

Elite Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,671

Year Built

  • Built in 1949

Lot Details

  • 7,797

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Legal Lot and Block 15 / 2
  • Assessor Parcel Number 110-14-032

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 0.36
  • Clarendon Square Subdivision

Building Details

  • Operating Expense $25,884
  • Gross Income $113,407
  • Net Operating Income $87,836

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,671

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Cross Street: W Osborn Rd & N 15th Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1949
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Subdivision Name: CLARENDON SQUARE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Other, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 0.36
  • Additional Parcels: Yes
  • Parcel #: 110-14-032

Multi Family

  • Owner Pays: Other
  • Tenant Pays: See Remarks
  • Number Of Units Total: 6
  • Annual Gross Income: 113407.2
  • Property Net Operating Income: 87836.0
  • Annual Operating Expense: 25884.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2671.0
  • Tax Block: 2
  • Tax Book Number: 110.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2023
Sold by
Fast Property Solutions Llc
Bought by
Ahmad Arsanjani Revocable Living Trust and Arsanjani
Current Estimated Value
$658,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,000
Outstanding Balance
$359,380
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$298,722

Purchase Details

Closed on
May 25, 2022
Sold by
Bitteroot-G & J Trust
Bought by
Fast Property Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2002
Sold by
Morse Gary Lewis and Morse Janice Marie
Bought by
Morse Gary Lewis and Morse Janice Marie

Purchase Details

Closed on
Jun 11, 1974
Sold by
Logerquist Marvin E and Logerquist Margaret A
Bought by
Undiano John L and Undiano Bettina M
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
Ahmad Arsanjani Revocable Living Trust $610,000 Roc Title Agency
Fast Property Solutions Llc $485,000 Roc Title
Morse Gary Lewis -- --
Undiano John L -- Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahmad Arsanjani Revocable Living Trust $366,000
Previous Owner Fast Property Solutions Llc $436,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2023 08/08/23 Sold $1,325,000 0.0% $558 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $1,325,000 -- $558 / 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 $1,403 $11,177 -- --
2024 $1,355 $10,645 -- --
2023 $1,355 $45,860 $9,170 $36,690
2022 $1,347 $31,510 $6,300 $25,210
2021 $1,370 $27,720 $5,540 $22,180
2020 $1,336 $23,160 $4,630 $18,530
2019 $1,278 $19,850 $3,970 $15,880
2018 $1,235 $15,420 $3,080 $12,340
2017 $1,134 $14,110 $2,820 $11,290
2016 $1,094 $12,200 $2,440 $9,760
2015 $1,017 $10,800 $2,160 $8,640
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Andrew Smith

    Elite Partners

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6556886

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-14-032

Arizona Maricopa County Phoenix 85013 Campus Vista

1402 W Whitton Ave, Phoenix, AZ

This home is located at 1402 W Whitton Ave, Phoenix, AZ 85013 since 15 May 2023 and is currently estimated at $658,102, approximately $277 per square foot. This property was built in 1949. 1402 W Whitton Ave is a home located in Maricopa County with nearby schools including Encanto Elementary School, Clarendon Elementary School, and Osborn Middle 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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