$180,000
SOLD MAY 17, 2016
-- Bed
-- Bath
2,184 Sq Ft
9,801 Sq Ft Lot

Recently Sold

$82 Per Sq Ft

5% Below List Price

5 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of April 2021

Exciting Investment Opportunity! This listing is for sale along with 1608 W Osborn Rd. Both complexes are 100% occupied. These units rent out fast in this are. They DO NOT stay empty! Call now for more details on your new money maker!

Last Agent to Sell the Property

Sergio Santizo

LPT Realty, LLC License #SA643772000 Listed on: 02/14/2016

LPT Realty, LLC

Last Buyer's Agent

Michael Collins

DeLex Realty License #BR108753000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,531

Year Built

  • Built in 1952

Home Design

  • Brick Exterior Construction
  • Composition Roof

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Paved Parking

Schools

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

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Master Water Meter

Additional Features

  • Vinyl Flooring
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, cable TV
  • The owner pays for water, sewer, landscaping
  • Tax Lot 15
  • Assessor Parcel Number 110-15-073

Community Details

Overview

  • 3 Units
  • Building Dimensions are 9,800
  • Westwood Terrace Subdivision

Building Details

  • Operating Expense $6,431
  • Gross Income $21,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,531

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Cross Street: 16th Ave, and 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: 2015
  • Directions: North on 7th, West on Osborn, property on Right (North side of Rd)
  • Road Frontage Type: Alley
  • Subdivision Name: WESTWOOD TERRACE
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3100.61

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: 9,800
  • Additional Parcels: No
  • Parcel #: 110-15-073

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Trash Collection, Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 21300.0
  • Maintenance Expense: 1800.0
  • Annual Operating Expense: 6431.49

Tax Info

  • Tax Annual Amount: 1530.88
  • Tax Book Number: 110.00
  • Tax Lot: 15

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
Current Estimated Value
$828,230

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
5.63%
Original Mortgage
$462,819
Interest Rate
3%
Mortgage Type
New Conventional

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
30.27%
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 Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed $661,170 First Arizona Title Agency
Cash Sale Deed $310,000 First American Title Ins Co
Deed Of Distribution -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $462,819 New Conventional
Previous Owner $462,819 New Conventional
Previous Owner $195,000 Commercial
Previous Owner $195,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $661,170 0.0% $303 / Sq Ft
02/26/2021 02/26/21 Off Market $661,170 -- --
09/21/2020 09/21/20 For Sale $699,900 +101.7% $320 / Sq Ft
11/10/2016 11/10/16 Sold $347,000 -12.2% $159 / Sq Ft
10/27/2016 10/27/16 Pending -- -- --
09/05/2016 09/05/16 For Sale $395,000 +119.4% $181 / Sq Ft
05/17/2016 05/17/16 Sold $180,000 -4.8% $82 / Sq Ft
02/19/2016 02/19/16 Pending -- -- --
02/14/2016 02/14/16 For Sale $189,000 -- $87 / 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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5398954

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-15-073