NOT LISTED FOR SALE

1520 W Osborn Rd Phoenix, AZ 85015

North Encanto Neighborhood

Estimated Value: $830,318 - $951,000

-- Bed
-- Bath
3,168 Sq Ft
$280/Sq Ft Est. Value

Last Sold March 29, 2021

Last sale price $675,000 $213 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,110/month

2 Days on Market

Highlights

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

About This Home

As of March 2021

This multi family has 4 units - one 2 bed 2 bath unit and three 2 bed 1 bath units. 4 covered parking spots in back, with separate storage rooms. Close to Downtown, Melrose and with low rents make this a great value add project.

Last Agent to Sell the Property

Donald Peper

Clear Commercial Advisors License #BR576390000 Listed on: 02/17/2021

Co-Listed By

Shane Mackin

Clear Commercial Advisors License #SA576503000

Last Buyer's Agent

Shawn Rogers

West USA Realty License #SA569673000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,849

Year Built

  • Built in 1973

Lot Details

  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 110-15-094-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8400
  • Westwood Terrace Amd Subdivision

Building Details

  • Operating Expense $1,849
  • Gross Income $43,464
  • Net Operating Income $39,195

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,849

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: 16th Ave and Osborn
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: ccad01
  • Co List Office Phone: 602-428-0000
  • Subdivision Name: WESTWOOD TERRACE AMD
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Disposal
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Brick Veneer, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 8400
  • Additional Parcels: Yes
  • Parcel #: 110-15-094-A

Multi Family

  • Owner Pays: Other
  • Number Of Units Total: 4
  • Annual Gross Income: 43464.0
  • Property Net Operating Income: 39195.0
  • Annual Operating Expense: 1849.0

Tax Info

  • Tax Annual Amount: 1849.0
  • Tax Book Number: 110.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2021
Closed on
Mar 19, 2021
Sold by
V & M Real Estate Llc
Bought by
Grethen Stephanie and The Grethen Living Trust
Seller's Agent
Donald Peper
Clear Commercial Advisors
Buyer's Agent
Shawn Rogers
West USA Realty
List Price
$690,000
Sold Price
$675,000
Premium/Discount to List
-$15,000
-2.17%
Total Days on Market
2
Current Estimated Value
$885,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,580
Avg. Annual Appreciation
6.66%
Original Mortgage
$506,250
Outstanding Balance
$460,169
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$425,411

Purchase Details

Closed on
Aug 26, 2019
Sold by
Vanvleet Vincent
Bought by
V & M Real Estate Llc

Purchase Details

Closed on
Feb 2, 2016
Sold by
V & M Real Estate Llc
Bought by
Vanvleet Vincent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2013
Sold by
Vanfleet Vincent W
Bought by
V & M Real Estate Llc

Purchase Details

Closed on
Dec 20, 2011
Sold by
Transamerica Life Insurance Company
Bought by
Wfc North Park Llc and Woodman North Park Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,150,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2011
Sold by
Federal National Mortgage Association
Bought by
Vanvleet Vincent W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,150,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 22, 2010
Sold by
Rangel Alberto
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 7, 2006
Sold by
Martinez Rene
Bought by
Rangel Alberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,720
Interest Rate
7.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2004
Sold by
Martinez Beatriz
Bought by
Martinez Rene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,090
Interest Rate
8.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2004
Sold by
Kerns John N
Bought by
Martinez Rene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,090
Interest Rate
8.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 2003
Sold by
Noravian Armineh
Bought by
Kerns John N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 2003
Sold by
Higgins Curtic C
Bought by
Kerns John N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2001
Sold by
Higgins Curtis C
Bought by
Higgins Curtis C and Curtis C Higgins Revocable Trust

Purchase Details

Closed on
Mar 6, 1998
Sold by
Burwell Donald B and Burwell Carol
Bought by
Higgins Curtis C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 1996
Sold by
Leistikow Michael W and Leistikow Shirley E
Bought by
Burwell Donald B and Burwell Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,500
Interest Rate
10%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Grethen Stephanie $675,000 Magnus Title Agency Llc
V & M Real Estate Llc -- None Available
Vanvleet Vincent -- Pioneer Title
V & M Real Estate Llc -- None Available
Wfc North Park Llc $13,000,000 First American Title
Vanvleet Vincent W $95,000 Security Title Agency
Federal National Mortgage Association $335,386 First American Title
Rangel Alberto $393,400 Camelback Title Agency Llc
Martinez Rene -- Camelback Title Agency Llc
Martinez Rene $220,000 Century Title Agency Inc
Kerns John N -- Fidelity National Title
Kerns John N $205,000 Fidelity National Title
Higgins Curtis C -- --
Higgins Curtis C $130,000 Transnation Title Insurance
Burwell Donald B -- --
Leistikow Michael W -- Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grethen Stephanie $506,250
Previous Owner Vanvleet Vincent $157,500
Previous Owner Vanvleet Vincent W $116,900
Previous Owner Wfc North Park Llc $8,150,000
Previous Owner Vanvleet Vincent W $71,250
Previous Owner Rangel Alberto $314,720
Previous Owner Rangel Alberto $39,340
Previous Owner Martinez Rene $268,750
Previous Owner Martinez Rene $211,090
Previous Owner Martinez Rene $211,090
Previous Owner Kerns John N $100,000
Previous Owner Kerns John N $100,000
Previous Owner Higgins Curtis C $117,000
Previous Owner Burwell Donald B $95,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2021 03/29/21 Sold $675,000 -2.2% $213 / Sq Ft
02/19/2021 02/19/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $690,000 -- $218 / 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 $1,942 $15,474 -- --
2024 $1,876 $14,737 -- --
2023 $1,876 $61,280 $12,250 $49,030
2022 $1,865 $41,730 $8,340 $33,390
2021 $1,897 $35,110 $7,020 $28,090
2020 $1,849 $29,210 $5,840 $23,370
2019 $1,769 $25,230 $5,040 $20,190
2018 $1,710 $21,800 $4,360 $17,440
2017 $1,570 $18,500 $3,700 $14,800
2016 $1,515 $16,300 $3,260 $13,040
2015 $1,408 $14,610 $2,920 $11,690
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Donald Peper

    Clear Commercial Advisors

    (602) 428-0000

    2 in this area

    8 Total Sales

    Donald Peper
    Section Image
  • Shane Mackin

    Seller Co-Listing Agent in 2021

    Shane Mackin

    Clear Commercial Advisors

    (480) 789-2710

    2 in this area

    5 Total Sales

    Shane Mackin
    Section Image
  • Shawn Rogers

    Buyer's Agent in 2021

    Shawn Rogers

    West USA Realty

    (480) 313-7031

    1 in this area

    486 Total Sales

    Shawn Rogers
    Section Image

  • M

    Buyer Co-Listing Agent in 2021

    Michael Lee

    West USA Realty

    (480) 818-6848

    1 in this area

    31 Total Sales

    Michael Lee
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6195497

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-15-094A

Arizona Maricopa County Phoenix 85015 North Encanto

1520 W Osborn Rd, Phoenix, AZ

This home is located at 1520 W Osborn Rd, Phoenix, AZ 85015 since 17 February 2021 and is currently estimated at $885,580, approximately $279 per square foot. This property was built in 1973. 1520 W Osborn Rd 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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