NOT LISTED FOR SALE

Estimated Value: $630,000 - $723,000

Studio
-- Bath
2,856 Sq Ft
$233/Sq Ft Est. Value

Sale Details

Date Sold: June 23, 2023

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

Est. 6% increase in value since last sale

Current estimated payment $3,718 / mo

4 Days on Market

Highlights

  • Brick Veneer
  • Ceramic Tile Flooring
  • Central Air
  • Phoenix Coding Academy Rated A
  • Landscaped
  • Fenced

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

Levrose Real Estate License #SA650759000 Listed on: 05/10/2023

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

  • Fenced
  • Landscaped

Home Design

  • Brick Veneer
  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 3 Parking Spaces
  • Carport
  • On-Street Parking

Utilities

  • Central Air
  • Air Source Heat Pump
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer, trash collection, 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 Sq Ft Lot

Listing Details

  • Cross Street: Osborn & 16th DR.
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1951
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Subdivision Name: WESTWOOD TERRACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Other
  • Appliances: Free-Standing Range, Refrigerator, Washer/Dryer

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Carport, On Street
  • Attached Garage: No
  • Total Parking Spaces: 3.0

Utilities

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

Condo/Co-op/Association

  • Community Features: See Remarks

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: Water, Sewer, Trash Collection, Landscaping, See Remarks
  • Tenant Pays: Electricity, Gas
  • 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: 110.0
  • Tax Lot: 13

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2023
Closed on
Jun 23, 2023
Sold by
Bought by
Seller's Agent
Eric Hegarty
Levrose Real Estate
Buyer's Agent
Natosha Moore
Realty ONE Group
List Price
$695,000
Sold Price
$625,000
Premium/Discount to List
-$70,000
-10.07%
Views
7
Current Estimated Value
$665,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,251
Avg. Annual Appreciation
2.12%
Original Mortgage
$468,750
Outstanding Balance
$456,124
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$209,127
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$625,000 Security Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $468,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,169 -- --
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

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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

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