NOT LISTED FOR SALE

1608 W Osborn Rd Phoenix, AZ 85015

North Encanto Neighborhood

Estimated Value: $782,526 - $953,000

6 Beds
-- Bath
2,780 Sq Ft
$304/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $661,170 $238 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,615/month

157 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of April 2021

Welcome to Westwood Terrace Apartments. Centrally located near Encanto Park and schools. These two triplex's recently renovated. Recent updates are new paint, updated ,windows, kitchens and bathrooms, brand new fencing in front, washer and dryers hookups inside the units. Each triplex has it's own parcel of 9,800 lot's each. Also have covered parking for all the units. They can be purchased with residential financing or one commercial loan .
This portfolio sale 1614/1608 W Osborn and must be purchased together for a total sales price 1,399,000. Current gross rents are below market at 6648 a month ($1,107) each unit, estimated 4.40% cap on current collection. Proforma rents are 8,400 a month ($1,399,) per unit estimated 5.50% cap on proforma rents. All units have private yards. Super close to Phoenix College, near restaurants, and shopping.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 09/21/2020

Co-Listed By

Joshua Willets

Grace CRE License #BR675965000

Last Buyer's Agent

Michael Gordon

Grace CRE License #BR688636000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,505

Year Built

  • Built in 1952

Lot Details

  • 9,801

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

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

Schools

  • Encanto Elementary School
  • Osborn Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 14 / 7
  • Assessor Parcel Number 110-15-072

Community Details

Overview

  • 3 Units
  • Building Dimensions are 9800
  • Westwood Terrace Subdivision

Building Details

  • Operating Expense $9,214
  • Gross Income $47,880
  • Net Operating Income $38,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,505

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Cross Street: 16th Ave & Osborn Rd.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1952
  • Tax Year: 2020
  • Road Surface Type: Alley
  • Professional Management Expense: 1980.0
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-758-9981
  • Subdivision Name: WESTWOOD TERRACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Trash Expense: 759.0
  • Annual Water Sewer Expense: 1170.0

Schools

  • Elementary School: Encanto School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 9800
  • Additional Parcels: No
  • Parcel #: 110-15-072

Multi Family

  • Owner Pays: Other, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 47880.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 38740.0
  • Annual Operating Expense: 9214.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1505.0
  • Tax Block: 7
  • Tax Book Number: 110.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2022
Sold by
Edward Mathieux Douglas and Wheless Laura
Bought by
Melexa Properties Llc
Total Days on Market
157
Current Estimated Value
$844,632

Purchase Details

Listed on
Sep 21, 2020
Closed on
Apr 9, 2021
Sold by
Priebe Heather and Priebe Eric
Bought by
Mathieux Douglas Edward and Mathieux Laura Wheless
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Michael Gordon
Grace CRE
List Price
$699,900
Sold Price
$661,170
Premium/Discount to List
-$38,730
-5.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.06%
Original Mortgage
$462,819
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 20, 2016
Closed on
Nov 8, 2016
Sold by
Granada Trio Llc
Bought by
Priebe Heather and Priebe Eric
Seller's Agent
Michael Collins
DeLex Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$395,000
Sold Price
$347,000
Premium/Discount to List
-$48,000
-12.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.66%

Purchase Details

Listed on
Feb 14, 2016
Closed on
May 17, 2016
Sold by
Perez Maria R
Bought by
Granada Trio Llc
Seller's Agent
Sergio Santizo
LPT Realty, LLC
Buyer's Agent
Michael Collins
DeLex Realty
List Price
$189,000
Sold Price
$180,000
Premium/Discount to List
-$9,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
292.53%
Original Mortgage
$195,000
Interest Rate
3.59%
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
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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
Melexa Properties Llc -- --
Mathieux Douglas Edward $661,170 First Arizona Title Agcy Llc
Priebe Heather $345,000 First American Title Ins Co
Priebe Heather $345,000 First American Title Ins Co
Granada Trio Llc $310,000 First American Title Ins Co
Perez Maria R -- None Available
Lopez Richard -- --
Lopez Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mathieux Douglas Edward $462,819
Previous Owner Granada Trio Llc $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $661,170 0.0% $238 / Sq Ft
02/26/2021 02/26/21 Off Market $661,170 -- --
09/21/2020 09/21/20 For Sale $699,900 +101.7% $252 / Sq Ft
11/10/2016 11/10/16 Sold $347,000 0.0% $125 / Sq Ft
11/01/2016 11/01/16 Off Market $347,000 -- --
10/27/2016 10/27/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $395,000 +119.4% $142 / Sq Ft
05/17/2016 05/17/16 Sold $180,000 -4.8% $65 / Sq Ft
02/19/2016 02/19/16 Pending -- -- --
02/14/2016 02/14/16 For Sale $189,000 -- $68 / 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 $1,580 $12,592 -- --
2024 $1,527 $11,993 -- --
2023 $1,527 $51,210 $10,240 $40,970
2022 $1,518 $35,370 $7,070 $28,300
2021 $1,544 $31,070 $6,210 $24,860
2020 $1,505 $25,980 $5,190 $20,790
2019 $1,440 $22,300 $4,460 $17,840
2018 $1,392 $17,310 $3,460 $13,850
2017 $1,278 $15,700 $3,140 $12,560
2016 $1,233 $13,720 $2,740 $10,980
2015 $1,146 $12,120 $2,420 $9,700
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2021

    Sophia Baron

    Grace CRE

    (480) 375-0227

    3 in this area

    98 Total Sales

    Sophia Baron
    Section Image
  • Joshua Willets

    Seller Co-Listing Agent in 2021

    Joshua Willets

    Grace CRE

    (602) 780-2833

    2 in this area

    43 Total Sales

    Joshua Willets
    Section Image
  • Michael Gordon

    Buyer's Agent in 2021

    Michael Gordon

    Grace CRE

    (858) 774-6058

    3 in this area

    73 Total Sales

    Michael Gordon
    Section Image

  • M

    Seller's Agent in 2016

    Michael Collins

    DeLex Realty

  • Sergio Santizo

    Seller's Agent in 2016

    Sergio Santizo

    LPT Realty, LLC

    (480) 277-7606

    2 in this area

    266 Total Sales

    Sergio Santizo
    Section Image
  • Shannon Collins

    Seller Co-Listing Agent in 2016

    Shannon Collins

    HomeSmart

    (602) 308-4747

    68 Total Sales

    Shannon Collins
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6135481

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-15-072

Arizona Maricopa County Phoenix 85015 North Encanto

1608 W Osborn Rd, Phoenix, AZ

This home is located at 1608 W Osborn Rd, Phoenix, AZ 85015 since 21 September 2020 and is currently estimated at $844,632, approximately $303 per square foot. This property was built in 1952. 1608 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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