NOT LISTED FOR SALE

Estimated Value: $316,000 - $524,866

0.26 Acre
$1,755,642 Price per Acre
11,326 Sq Ft Lot

Last Sold September 22, 2014

Last sale price $49,500

Est. 822% increase in value since last sale

Current estimated payment $2,701/month

72 Days on Market

Highlights

  • No HOA
  • Phoenix Coding Academy Rated A
  • Level Lot

About This Lot

As of September 2014

BEST PRICED multi-family lot in Phoenix! Excellent profit opportunity. Current R-3/R-I zoning allows you to build 6 MF units (2-story bldg) to rent or sell. Current zoning allows you to build 4 detached homes, similar to the adjacent lot to the north. In either scenario you would probably build 2 bed/1 bath units from 800 - 1,100 sf each. Very good rental area. Close to schools, freeways, bus stops, downtown Phoenix, airport, hospitals and ballparks. BUYER to VERIFY ALL FACTS, including zoning, utilities, plans, etc.

Last Agent to Sell the Property

Rob Ryan

West USA Realty License #SA627306000 Listed on: 07/28/2014

West USA Realty

Last Buyer's Agent

Jaime Mazzeo

Realty Executives License #SA645359000

Realty Executives

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $931

Year Built

  • 2016

Lot Details

  • 0.26 Acre Lot
  • Level Lot
  • Property is zoned R-3 / R-I

Eco-Friendly Details

  • North or South Exposure

Schools

  • William T Machan Elementary School
  • North High School

Community Details

  • No Home Owners Association
  • Greenfield Acres Subdivision

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 117-05-063-B

Property Details

Property Type

Land

Est. Annual Taxes

$931

Year Built

2016

Lot Details

0

Listing Details

  • Cross Street: Oak St and 16th St
  • Legal Info Range: 3E
  • Property Type: Land
  • Development Status: Raw Land, Subdivision Plat Apv, Plans Available, Plans Included, Off Site Imp Needed, Off Site Imp Complte, On Site Imp Needed
  • Topography: Level
  • Zoning: R-3 / R-I
  • Tax Year: 2013
  • Directions: From Oak St and 16th St, head east to lot on the north side of Oak St.
  • Horses: No
  • Lot Size Acres: 0.26
  • Road Surface Type: Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: Greenfield Acres
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2016

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Fencing: None
  • Lot Features: North/South Exp
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: William T Machan Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: William T Machan Elementary School

Lot Info

  • Lot Size: 75 x 152
  • Lot Size Sq Ft: 11491.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 117-05-063-B
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 931.12
  • Tax Book Number: 117.00
  • Tax Lot: 24
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2023
Sold by
Ayala Jose Luis and Rosa Maria
Bought by
1636 E Oak Llc
Total Days on Market
72
Current Estimated Value
$456,467

Purchase Details

Listed on
Jul 28, 2014
Closed on
Sep 15, 2014
Sold by
Patrick Blair Investments Llc
Bought by
Ayala Jose Luis and Ayala Rosa Maria
Seller's Agent
Rob Ryan
West USA Realty
Buyer's Agent
Jaime Mazzeo
Realty Executives
List Price
$60,000
Sold Price
$49,500
Premium/Discount to List
-$10,500
-17.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.91%

Purchase Details

Closed on
Mar 28, 2007
Sold by
Dennerline John and Wandrych Richard B
Bought by
Patrick Blair Investments Llc

Purchase Details

Closed on
Nov 14, 2006
Sold by
Singh Jagar
Bought by
Dennerline John and Wandrych Richard B

Purchase Details

Closed on
Dec 13, 2005
Sold by
Sheridan Capital Llc
Bought by
Singh Jagar

Purchase Details

Closed on
Nov 8, 2004
Sold by
Willco Properties Llc
Bought by
Sheridan Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,900
Interest Rate
5.7%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 14, 2004
Sold by
Perryman Ron H
Bought by
Willco Properties Llc
Source: Public Records

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Range of Values:

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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
1636 E Oak Llc -- --
Ayala Jose Luis $49,500 First American Title Ins Co
Patrick Blair Investments Llc -- Security Title Agency Inc
Dennerline John $105,000 Security Title Agency Inc
Singh Jagar $89,625 Security Title Agency Inc
Sheridan Capital Llc $49,900 Security Title Agency Inc
Willco Properties Llc $40,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sheridan Capital Llc $39,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2014 09/22/14 Sold $49,500 -17.5% --
09/11/2014 09/11/14 Pending -- -- --
07/01/2014 07/01/14 For Sale $60,000 -- --
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 $1,658 $12,754 -- --
2024 $1,639 $12,147 -- --
2023 $1,639 $39,120 $7,820 $31,300
2022 $1,575 $31,170 $6,230 $24,940
2021 $1,613 $25,660 $5,130 $20,530
2020 $1,574 $22,400 $4,480 $17,920
2019 $1,563 $17,750 $3,550 $14,200
2018 $1,531 $12,580 $2,510 $10,070
2017 $1,472 $11,510 $2,300 $9,210
2016 $957 $5,565 $5,565 $0
2015 $998 $5,936 $5,936 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5150252

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-05-063B