NOT LISTED FOR SALE

1628 W Osborn Rd Phoenix, AZ 85015

North Encanto Neighborhood

Estimated Value: $649,361 - $809,000

-- Bed
-- Bath
2,856 Sq Ft
$253/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $625,000 $219 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,167/month

4 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of June 2023

Great Opportunity to Own an Investment property in Midtown Phoenix Arizona. The Property Boarders a high-end Residential neighborhood and is close to schools, Restaurants, entertainment, freeways and Phoenix golf. Originally a triplex with 1- 3 Bedroom 2 bath and two 2-Bedroom 1 baths units now features 3- 2 Bedroom 1 Bath Units and 1 efficiency unit. Coin Laundry, Private yards, Covered parking. AC Units are 10,10 and 2 years old with 10 year old Roof , Pride of ownership from owner/manager since 1975, All 2 bedroom units just signed 1 year leases, efficiency is month to month. Facts and Figures are estimates, buyer to verify to their own satisfaction.

Last Agent to Sell the Property

Eric Hegarty

Better Homes & Gardens Real Estate SJ Fowler License #SA650759000 Listed on: 05/10/2023

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Natosha Moore

Realty ONE Group License #SA696111000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,388

Year Built

  • Built in 1951

Lot Details

  • 9,583

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 3 Parking Spaces
  • Carport
  • On-Street Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 13 / 8
  • Assessor Parcel Number 110-15-086

Community Details

Overview

  • 4 Units
  • Building Dimensions are 142X67
  • Westwood Terrace Subdivision

Building Details

  • Operating Expense $8,172
  • Gross Income $42,960
  • Net Operating Income $34,788

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,388

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Cross Street: Osborn & 16th DR.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1951
  • Tax Year: 2022
  • Directions: From Central and Osborn, West to 16th Dr. Property is on North West Corner.
  • Road Surface Type: Asphalt
  • Subdivision Name: WESTWOOD TERRACE
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: On Street, Carport
  • 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 Features:Carport: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: See Remarks

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Annual Fuel Expense: 300.0
  • Trash Expense: 1260.0
  • Annual Water Sewer Expense: 2924.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 142X67
  • Additional Parcels: No
  • Parcel #: 110-15-086

Multi Family

  • Owner Pays: See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 42960.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 34788.0
  • Annual Operating Expense: 8172.0

Tax Info

  • Tax Annual Amount: 1388.0
  • Tax Block: 8
  • Tax Book Number: 110.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2023
Closed on
Jun 23, 2023
Sold by
Jenkins Stephen J
Bought by
Life Better 1628 Llc
Seller's Agent
Eric Hegarty
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Natosha Moore
Realty ONE Group
List Price
$695,000
Sold Price
$625,000
Premium/Discount to List
-$70,000
-10.07%
Total Days on Market
4
Views
7
Current Estimated Value
$723,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,090
Avg. Annual Appreciation
7.68%
Original Mortgage
$468,750
Outstanding Balance
$459,087
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$264,003
Source: Public Records

Range of Values:

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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
Life Better 1628 Llc $625,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Life Better 1628 Llc $468,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $625,000 -10.1% $219 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
05/10/2023 05/10/23 For Sale $695,000 -- $243 / 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 $1,527 $12,169 -- --
2024 $1,475 $11,589 -- --
2023 $1,475 $49,680 $9,930 $39,750
2022 $1,388 $34,230 $6,840 $27,390
2021 $1,418 $30,150 $6,030 $24,120
2020 $1,381 $25,210 $5,040 $20,170
2019 $1,320 $21,560 $4,310 $17,250
2018 $1,274 $18,500 $3,700 $14,800
2017 $1,166 $15,220 $3,040 $12,180
2016 $1,124 $13,280 $2,650 $10,630
2015 $1,045 $11,720 $2,340 $9,380
Source: Public Records

Agents Affiliated with this Home

  • Eric Hegarty

    Seller's Agent in 2023

    Eric Hegarty

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 649-3536

    1 in this area

    20 Total Sales

    Eric Hegarty
    Section Image
  • Natosha Moore

    Buyer's Agent in 2023

    Natosha Moore

    Realty One Group

    (602) 784-4417

    1 in this area

    55 Total Sales

    Natosha Moore
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6554798

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-15-086

Arizona Maricopa County Phoenix 85015 North Encanto

1628 W Osborn Rd, Phoenix, AZ

This home is located at 1628 W Osborn Rd, Phoenix, AZ 85015 since 10 May 2023 and is currently estimated at $723,090, approximately $253 per square foot. This property was built in 1951. 1628 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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