NOT LISTED FOR SALE

1601 W Osborn Rd Phoenix, AZ 85015

North Encanto Neighborhood

Estimated Value: $817,000 - $879,000

-- Bed
-- Bath
2,396 Sq Ft
$354/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $650,000 $271 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,859/month

21 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of October 2020

INVESTORS!!!! PORTFOLIO OPTION. This is one of the finest triplexes in downtown Phoenix. Located in the Encanto North Historic District.Inside out remodel completed July 2020. Close to Phoenix College, ASU and UofA downtown campuses, 4 hospitals, Suns and D'Backs stadiums, and jobs. Can be purchased with a recently remodeled home with separate guest house in the Coronado Historic District, only 4 miles away also in the heart of downtown Phoenix, providing a diversity of income producing properties. Drive by only. Showing with accepted agreement. Owner/Agent

Last Agent to Sell the Property

Michael Collins

DeLex Realty License #BR108753000 Listed on: 07/31/2020

Last Buyer's Agent

Scott McFadden

Zion Realty, LLC License #SA680293000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,325

Year Built

  • Built in 1953

Lot Details

  • 7,841

Home Design

  • Brick Exterior Construction
  • Composition Roof

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Clarendon Elementary And Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 19
  • Assessor Parcel Number 110-27-019

Community Details

Overview

  • 3 Units
  • Building Dimensions are IRR
  • College Homes Subdivision

Building Details

  • Operating Expense $14,849
  • Gross Income $48,600
  • Net Operating Income $31,551

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,325

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: 16th Ave & Osborn
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: RE
  • Number Of Buildings: 1
  • Year Built: 1953
  • Tax Year: 2019
  • Directions: Property faces 16th Ave
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4860.0
  • Subdivision Name: COLLEGE HOMES
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 1000.0
  • Annual Water Sewer Expense: 4296.0

Schools

  • Elementary School: Clarendon School
  • High School: Central High School
  • Middle Or Junior School: Clarendon School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 110-27-019

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Electric Expense: 1200.0
  • Annual Gross Income: 48600.0
  • Insurance Expense: 1568.0
  • Property Net Operating Income: 31551.0
  • Annual Operating Expense: 14849.0

Tax Info

  • Tax Annual Amount: 1325.0
  • Tax Book Number: 110.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Sep 24, 2020
Sold by
Planb2a Llc
Bought by
Lee Philip
Seller's Agent
Michael Collins
DeLex Realty
Buyer's Agent
Scott McFadden
Zion Realty, LLC
List Price
$685,000
Sold Price
$650,000
Premium/Discount to List
-$35,000
-5.11%
Total Days on Market
21
Current Estimated Value
$848,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,000
Avg. Annual Appreciation
5.87%
Original Mortgage
$673,400
Outstanding Balance
$605,682
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$242,318

Purchase Details

Listed on
Aug 6, 2019
Closed on
Sep 11, 2019
Sold by
Arender James and Arender Phoebe
Bought by
Planb2a Llc
Seller's Agent
Cindy Freitas
West USA Realty
Buyer's Agent
Michael Collins
DeLex Realty
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
67.21%

Purchase Details

Closed on
Sep 15, 2016
Sold by
Arender James and Arender Phoebe
Bought by
Arender James and Arender Phoebe

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
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2008
Sold by
Rogers James and Rogers Lanny
Bought by
Arrender James and Arrender Phoebe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2006
Sold by
Miranda Otilio
Bought by
Rogers James and Rogers Lanny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,920
Interest Rate
8.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 2005
Sold by
Tapia Silvia M
Bought by
Miranda Otilio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,750
Interest Rate
8.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 14, 2005
Sold by
Ochoa Guadalupe Alfonso
Bought by
Miranda Otilio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,750
Interest Rate
8.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 23, 1997
Sold by
Ngo Kenneth W Y and Ngo Karen Kan
Bought by
Ochoa Guadalupe Alfonso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lee Philip $650,000 Clear Title Agency Of Az
Planb2a Llc $370,000 First American Title Ins Co
Arender James -- Lawyers Title Company
Arrender James $175,000 Chicago Title
Rogers James $299,900 Arizona Title Agency Inc
Miranda Otilio -- Guaranty Title Agency
Miranda Otilio $295,000 Guaranty Title Agency Inc
Ochoa Guadalupe Alfonso $63,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Philip $673,400
Previous Owner Arender James $100,000
Previous Owner Arrender James $131,250
Previous Owner Rogers James $239,920
Previous Owner Miranda Otilio $250,750
Previous Owner Miranda Otilio $250,750
Previous Owner Ochoa Guadalupe Alfonso $96,000
Previous Owner Ochoa Guadalupe Alfonso $50,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2020 10/13/20 Sold $650,000 -5.0% $271 / Sq Ft
10/07/2020 10/07/20 Price Changed $684,000 0.0% $285 / Sq Ft
10/01/2020 10/01/20 Price Changed $684,000 0.0% $285 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
08/15/2020 08/15/20 Price Changed $684,000 -0.1% $285 / Sq Ft
07/30/2020 07/30/20 For Sale $685,000 +82.7% $286 / Sq Ft
09/19/2019 09/19/19 Sold $375,000 0.0% $157 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $375,000 -- $157 / 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 $1,454 $11,588 -- --
2024 $1,405 $11,036 -- --
2023 $1,405 $54,000 $10,800 $43,200
2022 $1,397 $34,480 $6,890 $27,590
2021 $1,421 $23,680 $4,730 $18,950
2020 $1,385 $22,110 $4,420 $17,690
2019 $1,325 $18,870 $3,770 $15,100
2018 $1,281 $18,230 $3,640 $14,590
2017 $1,176 $13,670 $2,730 $10,940
2016 $1,134 $12,650 $2,530 $10,120
2015 $1,055 $10,920 $2,180 $8,740
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Collins

    DeLex Realty

  • S

    Buyer's Agent in 2020

    Scott McFadden

    Zion Realty, LLC

    (602) 525-1745

    1 in this area

    16 Total Sales

    Scott McFadden
    Section Image
  • Cindy Freitas

    Seller's Agent in 2019

    Cindy Freitas

    West USA Realty

    (623) 695-3040

    21 Total Sales

    Cindy Freitas
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6110958

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-27-019

Arizona Maricopa County Phoenix 85015 North Encanto

1601 W Osborn Rd, Phoenix, AZ

This home is located at 1601 W Osborn Rd, Phoenix, AZ 85015 since 31 July 2020 and is currently estimated at $848,000, approximately $353 per square foot. This property was built in 1953. 1601 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

Nearby Homes