NOT LISTED FOR SALE

1611 W Osborn Rd Phoenix, AZ 85015

North Encanto Neighborhood

Estimated Value: $774,250

-- Bed
-- Bath
2,396 Sq Ft
$323/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $1,470,000 $614 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $4,447/month

8 Days on Market

Highlights

  • 10 Car Attached Garage
  • Central Heating and Cooling System
  • Vinyl Flooring
  • Phoenix Coding Academy Rated A

About This Home

As of August 2021

Welcome to Six on Osborn. Excellent investment opportunity located in the highly sought after historic district of North Encanto! This sale includes two buildings. 1605 and 1611 W Osborn. Both are separately parceled. APN#'s 110-27-023 and 110-27-023. $1,450,000.00 portfolio must buy both buildings and can qualify for commercial or two separate conventional loans at $725,000 each. Well maintained, and have been updated over the last few years. All large 2 bed units one bath units! All rents are currently below market at $1,000-$1,100. Current leases are about to expire. Market rents are $1450-$1550. Great location for an Air B&B/VRBO. Three newer AC units, new tankless water heaters for both buildings. Upgraded cabinets, counters, flooring and paint in units. New Electrical, plumbing, and new sewer line and clean-outs. New cool decking, freshly painted, beautiful desert landscape, and artificial turf for low maintenance management. Coin operating laundry for extra income. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale.

Last Agent to Sell the Property

Michael Gordon

Grace CRE License #BR688636000 Listed on: 06/30/2021

Co-Listed By

Sophia Baron

Grace CRE License #BR648866000

Last Buyer's Agent

Luis Cervera

eXp Realty License #SA568159000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,808

Year Built

  • Built in 1953

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior
  • Stone Exterior Construction

Flooring

  • Vinyl Flooring

Parking

  • 10 Car Attached Garage
  • 10 Open Parking Spaces
  • Carport

Utilities

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • 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 $20,727
  • Gross Income $103,740
  • Net Operating Income $82,743

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,808

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
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2020
  • Road Frontage Type: Alley
  • Road Surface Type: Dedicated Street
  • Professional Management Expense: 5220.0
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-975-5516
  • Subdivision Name: COLLEGE HOMES
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved, Attached, Carport
  • Attached Garage: Yes
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Carport: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Other, See Remarks
  • Heating: Other, See Remarks, Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, Master Meter, City Franchise
  • Heating:Central: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Annual Fuel Expense: 1586.0
  • Trash Expense: 2852.0

Schools

  • Elementary School: Other
  • High School: Other
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Other

Lot Info

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

Multi Family

  • Owner Pays: Other, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 6
  • Electric Expense: 1242.0
  • Annual Gross Income: 103740.0
  • Insurance Expense: 2441.0
  • Maintenance Expense: 3078.0
  • Property Net Operating Income: 82743.0
  • Annual Operating Expense: 20727.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2808.0
  • Tax Book Number: 110.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2021
Closed on
Jul 29, 2021
Sold by
Valenti Leonard A and Valenti Tena R
Bought by
Nickel Dewayne T and Guzman Linda G
Seller's Agent
Michael Gordon
Grace CRE
Buyer's Agent
Luis Cervera
eXp Realty
List Price
$1,450,000
Sold Price
$1,470,000
Premium/Discount to List
$20,000
1.38%
Total Days on Market
8
Current Estimated Value
$774,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$695,750
Avg. Annual Appreciation
-15.45%
Original Mortgage
$476,000
Outstanding Balance
$434,387
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$339,863

Purchase Details

Closed on
Jul 23, 2020
Sold by
Swmbo Properties Llc
Bought by
Valenti Leonard and Valenti Tena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,750
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2017
Sold by
Perez Maria R
Bought by
Swmbo Properties Llc
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
Nickel Dewayne T $730,000 Old Republic Title Agency
Valenti Leonard $445,000 Chicago Title Agency Inc
Swmbo Properties Llc $352,800 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nickel Dewayne T $476,000
Previous Owner Valenti Leonard $333,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $1,470,000 +1.4% $614 / Sq Ft
08/06/2021 08/06/21 For Sale $1,450,000 0.0% $605 / Sq Ft
08/06/2021 08/06/21 Price Changed $1,450,000 0.0% $605 / Sq Ft
06/30/2021 06/30/21 For Sale $1,450,000 -- $605 / 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 $11,583 -- --
2024 $1,404 $11,032 -- --
2023 $1,404 $50,000 $10,000 $40,000
2022 $1,396 $32,770 $6,550 $26,220
2021 $1,420 $23,660 $4,730 $18,930
2020 $1,384 $22,080 $4,410 $17,670
2019 $1,324 $18,860 $3,770 $15,090
2018 $1,280 $18,220 $3,640 $14,580
2017 $1,175 $13,670 $2,730 $10,940
2016 $1,134 $12,650 $2,530 $10,120
2015 $1,054 $10,920 $2,180 $8,740
Source: Public Records

Agents Affiliated with this Home

  • Michael Gordon

    Seller's Agent in 2021

    Michael Gordon

    Grace CRE

    (858) 774-6058

    3 in this area

    73 Total Sales

    Michael Gordon
    Section Image
  • Sophia Baron

    Seller Co-Listing Agent in 2021

    Sophia Baron

    Grace CRE

    (480) 375-0227

    3 in this area

    92 Total Sales

    Sophia Baron
    Section Image
  • Luis Cervera

    Buyer's Agent in 2021

    Luis Cervera

    eXp Realty

    1 in this area

    86 Total Sales

    Luis Cervera
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6258106

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-27-023

Arizona Maricopa County Phoenix 85015 North Encanto

1611 W Osborn Rd, Phoenix, AZ

This home is located at 1611 W Osborn Rd, Phoenix, AZ 85015 since 30 June 2021 and is currently priced at $774,250, approximately $323 per square foot. This property was built in 1953. 1611 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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