NOT LISTED FOR SALE

1502 W Ocotillo Rd Unit 2 Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $526,000 - $572,000

3 Beds
2 Baths
1,719 Sq Ft
$322/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $249,500 $145 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $3,126/month

172 Days on Market

Highlights

  • RV Gated
  • Mountain View
  • Granite Countertops
  • Washington High School Rated A-
  • Corner Lot
  • Private Yard

About This Home

As of May 2014

$10K PRICE REDUCTION! COME SEE THIS BEAUTIFUL HOME...1960's charm meets 2013 sophistication in this beautiful remodel. Spacious, well lit formal living/dining/family rooms. All new carpet and tile throughout. Completely new chef's kitchen with custom cabinetry, granite counters and stainless steel appliances. New AC in 2011 and new roof in 2010. Brand new dual-pane, Low E windows throughout and new aqua-pex plumbing. New 2 car garage, large laundry room, attached storage shed, N/S facing corner lot, LARGE grassy front and back yards, covered patio, RV Gate and security system. No HOA! Very convenient to both the 51 and I-17. Exquisite and tastefully done.

Last Agent to Sell the Property

Karl Tunberg

eXp Realty License #BR014015000 Listed on: 10/21/2013

Co-Listed By

Jeffrey Duncan

Citiea License #SA578454000

Last Buyer's Agent

Leslie Hickman

Building Managment Services, Inc License #BR516064000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,445

Year Built

  • Built in 1963

Lot Details

  • 8,917 Sq Ft Lot
  • Block Wall Fence
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Grass Covered Lot

Parking

  • 2 Car Garage
  • Garage Door Opener
  • RV Gated

Home Design

  • Tile Roof
  • Composition Roof
  • Block Exterior
  • Siding
  • Stucco

Interior Spaces

  • 1,719 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Roller Shields
  • Solar Screens
  • Mountain Views
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 2 Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage
  • Playground

Location

  • Property is near a bus stop

Schools

  • Maryland Elementary School
  • Royal Palm Middle School
  • Washington High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 89
  • Assessor Parcel Number 156-44-024

Community Details

Overview

  • No Home Owners Association
  • Association fees include no fees
  • Maryland Gardens 2 Subdivision, Beautiful Remodel Floorplan

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,445

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Cross Street: Glendale Avenue and 15th Avenue
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Updated Partial or Full Bathrooms: Partial
  • Bathrooms Year Updated: 2013
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2013
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2011
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2013
  • Updated Plumbing: Full
  • Items Updated Plmbg Yr Updated: 2013
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2010
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2013
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1963
  • Tax Year: 2012
  • Directions: South on 15th Avenue from Glendale Avenue to West on Ocotillo. Home is on the north west corner.
  • Master Model: Beautiful Remodel
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.2
  • Co List Office Mls Id: scsl01
  • Co List Office Phone: 480-325-1411
  • Subdivision Name: Maryland Gardens 2
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Windows:Low-E: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Roller Shields, Pantry, 3/4 Bath Master Bdrm, High Speed Internet, Granite Counters
  • Living Area: 1719.0
  • Stories: 1
  • Window Features: Sunscreen(s), Dual Pane, Low-E, Vinyl Frame
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Other Rooms:Library-Blt-in Bkcse: Yes
  • Other Rooms:Separate Workshop: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Playground, Patio, Private Yard, Storage
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Grass Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • Pool Private: No
  • View: Mountain(s)
  • Disclosures: Agency Discl Req
  • Construction Type: Painted, Stucco, Siding, Block
  • Roof: Composition, Tile
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Childrens Play Area: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Electric Door Opener, RV Gate
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:RV Gate: Yes

Utilities

  • Cooling: Refrigeration, Programmable Thmstat, Ceiling Fan(s)
  • Heating: Natural Gas
  • Security: Security System Owned
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop, Biking/Walking Path
  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Maryland Elementary School
  • High School: Washington High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Royal Palm Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8917.0
  • Parcel #: 156-44-024
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1445.14
  • Tax Book Number: 156.00
  • Tax Lot: 89
  • Tax Map Number: 44.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2013
Closed on
May 14, 2014
Sold by
Kat2 Land Holdings Llc
Bought by
Hickman David
Seller's Agent
Karl Tunberg
eXp Realty
Buyer's Agent
Leslie Hickman
Building Managment Services, Inc
List Price
$304,500
Sold Price
$249,500
Premium/Discount to List
-$55,000
-18.06%
Current Estimated Value
$553,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,031
Avg. Annual Appreciation
7.27%
Original Mortgage
$244,980
Outstanding Balance
$186,143
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$367,388

Purchase Details

Listed on
Jun 21, 2013
Closed on
Aug 5, 2013
Sold by
Recreate Wealth Llc
Bought by
Kat2 Land Holdigs Llc
Seller's Agent
Barney Mcshane
Realty Executives Arizona Territory
Buyer's Agent
Todd Talbot
eXp Realty
List Price
$200,000
Sold Price
$190,000
Premium/Discount to List
-$10,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.78%
Original Mortgage
$165,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 21, 2013
Closed on
Jul 19, 2013
Sold by
Hasset Patrick C
Bought by
Re Create Wealth Llc
Seller's Agent
Barney Mcshane
Realty Executives Arizona Territory
Buyer's Agent
Todd Talbot
eXp Realty
List Price
$200,000
Sold Price
$190,000
Premium/Discount to List
-$10,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 2011
Sold by
The Bank Of New York Mellon
Bought by
Hassett Patrick C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,907
Interest Rate
4.43%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 8, 2011
Sold by
Velasquez Lorenzo Resendez
Bought by
The Bank Of New York Mellon and The Bank Of New York

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,907
Interest Rate
4.43%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 2005
Sold by
Cosgrove Brian P and Cosgrove Rose M
Bought by
Velasquez Lorenzo Resendez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,930
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2005
Sold by
Gutierrez Celia Vallez
Bought by
Velasquez Lorenzo Resendez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,930
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 1999
Sold by
Cosgrove Terry L
Bought by
Cosgrove Brian P

Purchase Details

Closed on
Jul 25, 1996
Sold by
Obrien Helen A
Bought by
Osborn Bryan and Osborn Eliza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,045
Interest Rate
8.32%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Hickman David $249,500 Clear Title Agency Of Arizon
Kat2 Land Holdigs Llc $194,500 Clear Title Agency Of Arizon
Re Create Wealth Llc $190,000 Title Management Agency Of A
Hassett Patrick C $122,000 Security Title Agency
The Bank Of New York Mellon $99,000 First American Title
Velasquez Lorenzo Resendez $289,900 Title Mgmt Agency Of Az Llc
Velasquez Lorenzo Resendez -- Title Mgmt Agency Of Az Llc
Cosgrove Brian P -- Fidelity Title
Spor Rose M $145,000 Fidelity Title
Osborn Bryan $108,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hickman David $244,980
Previous Owner Kat2 Land Holdigs Llc $165,000
Previous Owner Re Create Wealth Llc $210,000
Previous Owner Hassett Patrick C $118,907
Previous Owner Velasquez Lorenzo Resendez $202,930
Previous Owner Velasquez Lorenzo Resendez $86,970
Previous Owner Osborn Bryan $102,045
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2014 05/30/14 Sold $249,500 -1.6% $145 / Sq Ft
04/11/2014 04/11/14 Pending -- -- --
03/31/2014 03/31/14 Price Changed $253,600 -2.4% $148 / Sq Ft
03/25/2014 03/25/14 Price Changed $259,900 -1.7% $151 / Sq Ft
03/10/2014 03/10/14 Price Changed $264,500 -2.0% $154 / Sq Ft
02/22/2014 02/22/14 Price Changed $269,900 -3.6% $157 / Sq Ft
01/27/2014 01/27/14 Price Changed $279,900 -2.0% $163 / Sq Ft
01/15/2014 01/15/14 Price Changed $285,500 -0.7% $166 / Sq Ft
12/11/2013 12/11/13 Price Changed $287,500 -0.7% $167 / Sq Ft
11/25/2013 11/25/13 Price Changed $289,500 -3.3% $168 / Sq Ft
10/30/2013 10/30/13 Price Changed $299,500 -1.6% $174 / Sq Ft
10/21/2013 10/21/13 For Sale $304,500 +60.3% $177 / Sq Ft
07/22/2013 07/22/13 Sold $190,000 -5.0% $111 / Sq Ft
07/11/2013 07/11/13 Pending -- -- --
06/21/2013 06/21/13 For Sale $200,000 -- $116 / 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 $2,292 $21,391 -- --
2024 $2,248 $20,373 -- --
2023 $2,248 $38,460 $7,690 $30,770
2022 $2,168 $29,830 $5,960 $23,870
2021 $2,223 $23,770 $4,750 $19,020
2020 $2,164 $23,410 $4,680 $18,730
2019 $2,124 $21,920 $4,380 $17,540
2018 $2,064 $19,460 $3,890 $15,570
2017 $2,058 $20,020 $4,000 $16,020
2016 $2,021 $17,920 $3,580 $14,340
2015 $1,875 $15,360 $3,070 $12,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5018371

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-44-024