NOT LISTED FOR SALE

Estimated Value: $531,000 - $889,000

2 Beds
-- Bath
2,188 Sq Ft
$324/Sq Ft Est. Value

Last Sold December 03, 2015

Last sale price $211,500 $97 Per Sq Ft

Est. 238% increase in value since last sale

Current estimated payment $4,116/month

8 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of December 2015

Attention Investors!! This 4 plex is located within a block of Phoenix College. It is near Downtown Phoenix, hospitals and freeways. This property has 2 efficiency units and 2 one bedroom units with ceramic tile and carpet. The units have newer kitchen and bath cabinets and tile bathrooms. There is a large front courtyard, covered parking, individual storage units and on-site coin operated laundry. All facts and figures are approximate, buyer to verify to their satisfaction including MLS information.
Drive by only, tenant occupied. Do not disturb tenants.

Last Agent to Sell the Property

Julie Rickli

Better Homes & Gardens Real Estate SJ Fowler License #SA655771000 Listed on: 10/08/2015

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Arman Shields

My Home Group Real Estate License #SA645543000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,012

Year Built

  • Built in 1953

Lot Details

  • 8,451

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, pool/spa maintenance
  • Tax Lot 10
  • Assessor Parcel Number 110-15-092

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8,488 sq ft
  • Westwood Terrace Amd Subdivision

Building Details

  • Operating Expense $9,453
  • Gross Income $25,707
  • Net Operating Income $16,287

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,012

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: Osborn Road & 15th Avenue
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1953
  • Tax Year: 2015
  • Directions: Just west of the intersection of Osborn and 15th Ave on the north side of the street.
  • Road Surface Type: Asphalt, Sidewalk(s), Alley
  • Subdivision Name: WESTWOOD TERRACE AMD
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Individual, Heat Pump, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Fuel Expense: 1645.0
  • Annual Water Sewer Expense: 2607.0

Lot Info

  • Lot Size: 8,488 sq ft
  • Additional Parcels: No
  • Parcel #: 110-15-092

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Pool/Spa Maintenance
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 989.0
  • Annual Gross Income: 25707.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 16287.0
  • Annual Operating Expense: 9453.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1012.0
  • Tax Book Number: 110.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2021
Sold by
Shields Arman T and Parks Sara
Bought by
Shields Arman T
Total Days on Market
8
Current Estimated Value
$715,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$653,630
Outstanding Balance
$599,849
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$108,818

Purchase Details

Closed on
Mar 13, 2019
Sold by
Shields Arman T
Bought by
Shields Arman T and Parks Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 8, 2015
Closed on
Nov 27, 2015
Sold by
Wowwee Llc
Bought by
Shields Arman T
Seller's Agent
Julie Rickli
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Arman Shields
My Home Group Real Estate
List Price
$216,000
Sold Price
$211,500
Premium/Discount to List
-$4,500
-2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.53%
Original Mortgage
$211,839
Interest Rate
3.71%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 10, 2014
Closed on
Nov 19, 2014
Sold by
Phoenix Theatre
Bought by
Wowwee Llc
Seller's Agent
Jason Kush
J. P. Kush & Associates, LLC
Buyer's Agent
Jessie Collier
DeLex Realty
List Price
$178,000
Sold Price
$181,665
Premium/Discount to List
$3,665
2.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.91%

Purchase Details

Closed on
Dec 15, 2009
Sold by
Phoenix Theatre and Barnard Michael
Bought by
Phoenix Theatre

Purchase Details

Closed on
Dec 2, 2009
Sold by
U S Bank National Association
Bought by
Theatre Phoenix and Barnard Michael

Purchase Details

Closed on
Oct 26, 2009
Sold by
Hollenbeck James R
Bought by
Us Bank National Association

Purchase Details

Closed on
Dec 1, 2008
Sold by
Hollenback James R
Bought by
Us Bank National Association and Banc Of America Funding 2007 6 Trust

Purchase Details

Closed on
Mar 13, 2007
Sold by
Kate & Allies Property Llc
Bought by
Hollenbeck James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2005
Sold by
Kate & Allies Property Llc
Bought by
Bezuyen Glenn L and Bezuyen Patricia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.56%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 30, 2004
Sold by
Bezuyen Glen L and Bezuyen Patricia H
Bought by
Kate & Allies Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,600
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 27, 2004
Sold by
Kate & Allies Property Llc
Bought by
Bezuyen Glen L and Bezuyen Patricia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,600
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 3, 2004
Sold by
Kalina Larry
Bought by
Kate & Allies Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,600
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 21, 2002
Sold by
Goodwin Investments Inc
Bought by
Kalina Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2002
Sold by
Goodwin John M and Goodwin Maureen A
Bought by
Goodwin Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,500
Interest Rate
6.87%

Purchase Details

Closed on
Jan 7, 1998
Sold by
Osmon Michael and Osmon Mike
Bought by
Goodwin John M and Goodwin Maureen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.95%

Purchase Details

Closed on
Nov 1, 1995
Sold by
Leedom Gary and Leedom Kitty
Bought by
Osmon William L and Osmon Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
7.47%
Mortgage Type
New Conventional
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
Shields Arman T -- Great American Ttl Agcy Inc
Shields Arman T -- Old Republic Title Agency
Shields Arman T $207,000 Nextitle
Wowwee Llc $181,655 Magnus Title Agency
Phoenix Theatre -- None Available
Theatre Phoenix $93,000 Great American Title Agency
Us Bank National Association $95,000 Great American Title Agency
Us Bank National Association $200,000 Great American Title Agency
Hollenbeck James R $304,000 Capital Title Agency Inc
Bezuyen Glenn L -- Tsa Title Agency
Kate & Allies Property Llc -- Tsa Title Agency
Bezuyen Glen L -- Tsa Title Agency
Kate & Allies Property Llc $172,100 --
Kalina Larry $165,000 Capital Title Agency Inc
Goodwin Investments Inc -- Transnation Title Insurance
Goodwin John M -- Transnation Title Insurance
Goodwin John M $87,500 First American Title
Osmon William L $65,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shields Arman T $653,630
Closed Shields Arman T $287,000
Closed Shields Arman T $211,839
Closed Shields Arman T $211,839
Previous Owner Hollenbeck James R $228,000
Previous Owner Bezuyen Glenn L $228,000
Previous Owner Bezuyen Glenn L $161,600
Previous Owner Kate & Allies Property Llc $154,000
Previous Owner Kalina Larry $132,000
Previous Owner Goodwin John M $70,500
Previous Owner Goodwin John M $70,000
Previous Owner Osmon William L $58,500
Closed Kalina Larry $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2015 12/03/15 Sold $211,500 -2.1% $97 / Sq Ft
10/15/2015 10/15/15 Pending -- -- --
10/07/2015 10/07/15 For Sale $216,000 +18.9% $99 / Sq Ft
11/21/2014 11/21/14 Sold $181,665 +2.1% $83 / Sq Ft
11/19/2014 11/19/14 Pending -- -- --
11/10/2014 11/10/14 For Sale $178,000 -- $81 / 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 $1,441 $11,485 -- --
2024 $1,392 $10,938 -- --
2023 $1,392 $47,260 $9,450 $37,810
2022 $1,342 $32,380 $6,470 $25,910
2021 $1,369 $27,680 $5,530 $22,150
2020 $1,333 $22,570 $4,510 $18,060
2019 $1,275 $19,060 $3,810 $15,250
2018 $1,232 $14,760 $2,950 $11,810
2017 $1,128 $13,900 $2,780 $11,120
2016 $1,088 $12,080 $2,410 $9,670
2015 $1,012 $10,780 $2,150 $8,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5345397

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-15-092