NOT LISTED FOR SALE

1612 W Mulberry Dr Phoenix, AZ 85015

North Encanto Neighborhood

Estimated Value: $645,000 - $891,000

-- Bed
-- Bath
2,396 Sq Ft
$308/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $435,600 $182 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,038/month

2 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Phoenix Coding Academy Rated A

About This Home

As of August 2020

Absolutely Stunning All Red Brick Tri-Plex Located in the Heart of Phoenix, All Three Units are 2 Bedroom, 1 Bath, Around 800+ Sq Ft, All Remodeled From Kitchen, Bathroom, Paint & Flooring, Community Laundry Room Owned By Seller, Gated Parking, One Covered Space Per Unit, Fenced in Common Area for Tenants to Have a Front Yard Area & Each Unit Has Own Back Patio for Cooking or Entertainment, All Units Occupied But One Unit Could Be Vacant If Buyer Needs To Occupy For FHS or Other Owner Occupied Financing, DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Adam Hamblen

Realty One Group License #SA548243000 Listed on: 07/23/2020

Realty One Group

Last Buyer's Agent

Kirk Linehan

RETSY License #SA668759000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,346

Year Built

  • Built in 1948

Lot Details

  • 7,797

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for electricity, water, sewer
  • Tax Lot 24
  • Assessor Parcel Number 110-27-024

Community Details

Overview

  • 3 Units
  • Building Dimensions are 61x127
  • College Homes Subdivision

Building Details

  • Operating Expense $1,346
  • Gross Income $30,600
  • Net Operating Income $27,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,346

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: 15th Ave & Osborn
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2019
  • Directions: South on 15th Ave to Mulberry, West to Property.
  • Road Surface Type: Asphalt
  • Subdivision Name: COLLEGE HOMES
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit, 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

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Central A/C
  • Heating: Central, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 61x127
  • Additional Parcels: No
  • Parcel #: 110-27-024

Multi Family

  • Owner Pays: Electricity, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 30600.0
  • Property Net Operating Income: 27540.0
  • Annual Operating Expense: 1346.0

Tax Info

  • Tax Annual Amount: 1346.0
  • Tax Book Number: 110.00
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2021
Sold by
Gutberg Tom
Bought by
Red Mulberry Llc
Total Days on Market
2
Current Estimated Value
$737,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$338,936
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$398,766

Purchase Details

Closed on
Feb 11, 2021
Sold by
M & Cs Holdings Llc
Bought by
Gutberg Tom

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$338,936
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$398,766

Purchase Details

Closed on
Feb 5, 2021
Sold by
Gutberg Brittany
Bought by
Gutberg Tom

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$338,936
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$398,766

Purchase Details

Listed on
Jul 23, 2020
Closed on
Jul 31, 2020
Sold by
Munguia Vanessa
Bought by
M & Cs Holdings Llc
Seller's Agent
Adam Hamblen
Realty One Group
Buyer's Agent
Kirk Linehan
RETSY
List Price
$410,000
Sold Price
$435,600
Premium/Discount to List
$25,600
6.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.52%
Original Mortgage
$350,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 7, 2014
Closed on
Jul 22, 2015
Sold by
Rr Investors Iv Llc
Bought by
Munguia Vanessa
Seller's Agent
Nathan Mitchell
Superlative Realty
Buyer's Agent
John Aguero
American Freedom Realty
List Price
$269,000
Sold Price
$249,000
Premium/Discount to List
-$20,000
-7.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.76%
Original Mortgage
$244,489
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 25, 2013
Sold by
Ez Homes Inc
Bought by
Rr Investors Iv

Purchase Details

Closed on
Jun 21, 2012
Sold by
Jones Martha
Bought by
Ez Homes Inc

Purchase Details

Closed on
Jan 26, 2009
Sold by
Jones Martha
Bought by
Jones Roberto

Purchase Details

Closed on
Sep 12, 2007
Sold by
Burnham Daniel L
Bought by
Jones Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,140
Interest Rate
6.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2005
Sold by
Burnham Evelyn
Bought by
Burnham Danile L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,400
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2005
Sold by
Tarber Benny A and Tarber Estene P
Bought by
Burnham Daniel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,400
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2000
Sold by
Tran Hung Tan and Tran Diana Thi
Bought by
Tarber Estene P and Tarber Benny A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,100
Interest Rate
7.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2000
Sold by
Vanle Lloyd and Le Kelly Truong
Bought by
Tran Hung Tan and Tran Diana Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
8.38%
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
Red Mulberry Llc -- Accommodation
Gutberg Tom $500,000 Premier Title Agency
Gutberg Tom -- Premier Title Agency
M & Cs Holdings Llc $435,600 First Arizona Title Agency
Munguia Vanessa $249,000 Old Republic Title Agency
Rr Investors Iv -- None Available
Ez Homes Inc $96,500 None Available
Jones Roberto -- None Available
Jones Martha $248,925 Capital Title Agency Inc
Burnham Danile L -- Grand Canyon Title Agency In
Burnham Daniel L $230,000 Grand Canyon Title Agency In
Tarber Estene P $109,000 Security Title Agency
Tran Hung Tan $90,000 Arizona Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutberg Tom $375,000
Previous Owner M & Cs Holdings Llc $350,000
Previous Owner Munguia Vanessa $244,489
Previous Owner Jones Martha $199,140
Previous Owner Burnham Danile L $172,400
Previous Owner Burnham Daniel L $172,400
Previous Owner Tarber Estene P $98,100
Previous Owner Tran Hung Tan $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2020 08/07/20 Sold $435,600 +6.2% $182 / Sq Ft
07/23/2020 07/23/20 For Sale $410,000 +64.7% $171 / Sq Ft
07/30/2015 07/30/15 Sold $249,000 -7.4% $104 / Sq Ft
06/17/2015 06/17/15 Pending -- -- --
11/07/2014 11/07/14 For Sale $269,000 -- $112 / 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 $1,478 $11,776 -- --
2024 $1,428 $11,215 -- --
2023 $1,428 $51,560 $10,310 $41,250
2022 $1,420 $33,380 $6,670 $26,710
2021 $1,444 $24,270 $4,850 $19,420
2020 $1,407 $22,660 $4,530 $18,130
2019 $1,346 $19,230 $3,840 $15,390
2018 $1,302 $18,570 $3,710 $14,860
2017 $1,195 $14,020 $2,800 $11,220
2016 $1,153 $12,950 $2,590 $10,360
2015 $1,072 $11,200 $2,240 $8,960
Source: Public Records

Agents Affiliated with this Home

  • Adam Hamblen

    Seller's Agent in 2020

    Adam Hamblen

    Realty One Group

    (623) 404-8573

    2 in this area

    822 Total Sales

    Adam Hamblen
    Section Image
  • Kirk Linehan

    Buyer's Agent in 2020

    Kirk Linehan

    RETSY

    (480) 486-7706

    3 in this area

    195 Total Sales

    Kirk Linehan
    Section Image
  • Nathan Mitchell

    Seller's Agent in 2015

    Nathan Mitchell

    Superlative Realty

    (480) 529-6329

    28 Total Sales

    Nathan Mitchell
    Section Image

  • P

    Seller Co-Listing Agent in 2015

    Paul Montano

    HomeSmart

    (602) 769-6908

    7 Total Sales

    Paul Montano
    Section Image
  • John Aguero

    Buyer's Agent in 2015

    John Aguero

    American Freedom Realty

    (602) 703-1353

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6107413

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-27-024

Arizona Maricopa County Phoenix 85015 North Encanto

1612 W Mulberry Dr, Phoenix, AZ

This home is located at 1612 W Mulberry Dr, Phoenix, AZ 85015 since 23 July 2020 and is currently estimated at $737,702, approximately $307 per square foot. This property was built in 1948. 1612 W Mulberry Dr 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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