$347,000
SOLD NOV 10, 2016

1614 W Osborn Rd Phoenix, AZ 85015

North Encanto Neighborhood
-- Bed
-- Bath
2,184 Sq Ft
9,801 Sq Ft Lot

Recently Sold

$159 Per Sq Ft

12% Below List Price

52 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of April 2021

Great Income Property for owner occupied, absentee owner, or portfolio investor (Seller has 7 total units for sale in the area). Located in downtown Phoenix, near Phoenix College, in the midst of several historic districts (kissing Encanto and Melrose), close to Suns and D'back games, hundreds of great restaurants, art and entertainment events galore. Complete remodel including new roofs, new windows, new kitchen cabinets and counters, new flooring, new landscaping, and much more. Completely leased and occupied. Owner/Agent

Last Agent to Sell the Property

Michael Collins

DeLex Realty License #BR108753000 Listed on: 09/05/2016

Co-Listed By

Shannon Collins

HomeSmart License #SA114615000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,146

Year Built

  • Built in 1952

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

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 System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 15 / 7
  • Assessor Parcel Number 110-15-073

Community Details

Overview

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

Building Details

  • Operating Expense $4,026
  • Gross Income $37,200
  • Net Operating Income $31,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,146

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
  • Year Built: 1952
  • Tax Year: 2015
  • Directions: Turn North on 16th Ave and left (W) into the alley.
  • Road Surface Type: Alley
  • Co List Office Mls Id: cril02
  • Co List Office Phone: 602-889-2135
  • Subdivision Name: WESTWOOD TERRACE
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 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: Electric, Ceiling Fan(s)
  • 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

  • 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

Schools

  • Elementary School: Encanto School
  • High School: Central High School
  • Middle Or Junior School: Osborn Middle School

Lot Info

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

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 37200.0
  • Property Net Operating Income: 31700.0
  • Annual Operating Expense: 4026.0

Tax Info

  • Tax Annual Amount: 1146.0
  • Tax Block: 7
  • 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
$836,923

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
5.52%
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
eXp Realty
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

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Range of Values:

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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

  • Sophia Baron

    Seller's Agent in 2021

    Sophia Baron

    Grace CRE

    (480) 375-0227

    3 in this area

    86 Total Sales

    Sophia Baron
    Section Image
  • Joshua Willets

    Seller Co-Listing Agent in 2021

    Joshua Willets

    Grace CRE

    (561) 473-4477

    2 in this area

    32 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

    eXp Realty

    (480) 277-7606

    1 in this area

    107 Total Sales

    Sergio Santizo
    Section Image
  • Shannon Collins

    Seller Co-Listing Agent in 2016

    Shannon Collins

    HomeSmart

    (602) 308-4747

    66 Total Sales

    Shannon Collins
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5493328

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-15-073

Arizona Maricopa County Phoenix 85015 North Encanto

1614 W Osborn Rd, Phoenix, AZ

This home is located at 1614 W Osborn Rd, Phoenix, AZ 85015 and is currently priced at $347,000, approximately $158 per square foot. This property was built in 1952. 1614 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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