NOT LISTED FOR SALE

1605 W Osborn Rd Phoenix, AZ 85015

North Encanto Neighborhood

Estimated Value: $607,000 - $936,000

12 Beds
-- Bath
2,396 Sq Ft
$328/Sq Ft Est. Value

Last Sold August 08, 2020

Last sale price $900,000 $376 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $4,521/month

116 Days on Market

Highlights

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

About This Home

As of August 2020

Two side by side value-add triplexes for a total of 6 units located in the North Encanto neighborhood of Phoenix, Arizona. Living in Encanto offers residents an urban-suburban mix feel and most residents rent their homes. In Encanto, there are restaurants, coffee shops, and parks that are abundant in the area. Many families and young professionals live in Encanto. This property offers investors a potential upside bringing under market rental rates to current market stabilization.

All units were renovated in late 2017 and 2018.
New plumbing and electric, kitchens with quartz countertops, Flooring, appliances, sewer line, Tubs refinished,All doors replaced, maintenance free artificial turf, community laundry maintained by Wash Multifamily providing additional income.

Last Agent to Sell the Property

Roger Phillips

Keller Williams Realty Phoenix License #SA651186000 Listed on: 03/12/2020

Keller Williams Realty Phoenix

Last Buyer's Agent

Roger Phillips

Keller Williams Realty Phoenix License #SA651186000 Listed on: 03/12/2020

Keller Williams Realty Phoenix

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,362

Year Built

  • Built in 1953

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior
  • Stone Exterior Construction

Parking

  • 7 Open Parking Spaces
  • 10 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 110-27-021

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 15576
  • College Homes Subdivision

Building Details

  • Operating Expense $16,555
  • Gross Income $62,700
  • Net Operating Income $43,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,362

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 2
  • Year Built: 1953
  • Tax Year: 2019
  • Road Surface Type: Dedicated Street, Alley
  • Professional Management Expense: 3694.0
  • Subdivision Name: COLLEGE HOMES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Attached: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Fuel Expense: 1586.0
  • Trash Expense: 2852.0

Lot Info

  • Lot Size: 15576
  • Additional Parcels: Yes
  • Parcel #: 110-27-021

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 1242.0
  • Annual Gross Income: 62700.0
  • Insurance Expense: 2441.0
  • Maintenance Expense: 3078.0
  • Property Net Operating Income: 43680.0
  • Annual Operating Expense: 16555.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1362.0
  • Tax Book Number: 110.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2023
Sold by
Nickel Dewayne
Bought by
Nickel Trust and Nickel
Total Days on Market
116
Current Estimated Value
$786,896

Purchase Details

Closed on
Jul 29, 2021
Sold by
Rose Tena and Valenti Leonard A
Bought by
Nickel Dewayne and Guzman Linda

Purchase Details

Listed on
Mar 12, 2020
Closed on
Jul 23, 2020
Sold by
Swmbo Properties Llc
Bought by
Rosa Tena and Valenti Leonard Anthony
Seller's Agent
Roger Phillips
Keller Williams Realty Phoenix
Buyer's Agent
Roger Phillips
Keller Williams Realty Phoenix
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.12%
Original Mortgage
$333,750
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2017
Sold by
Perez Maria R
Bought by
Swmbo Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2012
Sold by
Perez Maria R
Bought by
Perez Maria R

Purchase Details

Closed on
Mar 7, 2002
Sold by
Lopez Richard and Lopez Josephine
Bought by
Lopez Richard

Purchase Details

Closed on
Oct 15, 2001
Sold by
Lopez Richard and Lopez Josephine
Bought by
Lopez Richard and Lopez Josephine
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
Nickel Trust -- None Listed On Document
Guzman Trust -- None Listed On Document
Nickel Dewayne $740,000 Old Republic Title Agency
Rosa Tena $445,000 Chicago Title Agency
Swmbo Properties Llc $352,800 Security Title Agency Inc
Perez Maria R -- None Available
Lopez Richard -- --
Lopez Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosa Tena $333,750
Previous Owner Swmbo Properties Llc $300,000
Previous Owner Lopez Richard $155,000
Previous Owner Lopez Richard L $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2020 08/08/20 Sold $900,000 -5.3% $376 / Sq Ft
07/08/2020 07/08/20 For Sale $950,000 +5.6% $396 / Sq Ft
07/03/2020 07/03/20 Off Market $900,000 -- --
06/26/2020 06/26/20 Pending -- -- --
05/13/2020 05/13/20 Price Changed $950,000 -1.0% $396 / Sq Ft
03/02/2020 03/02/20 For Sale $960,000 -- $401 / 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 $1,495 $11,917 -- --
2024 $1,445 $11,349 -- --
2023 $1,445 $51,800 $10,360 $41,440
2022 $1,437 $33,480 $6,690 $26,790
2021 $1,461 $24,330 $4,860 $19,470
2020 $1,424 $22,820 $4,560 $18,260
2019 $1,362 $19,400 $3,880 $15,520
2018 $1,317 $18,750 $3,750 $15,000
2017 $1,209 $14,160 $2,830 $11,330
2016 $1,167 $13,100 $2,620 $10,480
2015 $1,084 $11,310 $2,260 $9,050
Source: Public Records

Agents Affiliated with this Home

  • Roger Phillips

    Seller's Agent in 2020

    Roger Phillips

    Keller Williams Realty Phoenix

    (626) 251-0111

    1 in this area

    39 Total Sales

    Roger Phillips
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6049561

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-27-021

Arizona Maricopa County Phoenix 85015 North Encanto

1605 W Osborn Rd, Phoenix, AZ

This home is located at 1605 W Osborn Rd, Phoenix, AZ 85015 since 12 March 2020 and is currently estimated at $786,896, approximately $328 per square foot. This property was built in 1953. 1605 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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