NOT LISTED FOR SALE

1640 W Osborn Rd Phoenix, AZ 85015

Encanto Neighborhood

Estimated Value: $542,000 - $778,000

-- Bed
3 Baths
830 Sq Ft
$822/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $1,230,000 $1,482 Per Sq Ft

Est. 45% decrease in value since last sale

Current estimated payment $3,879/month

5 Days on Market

Highlights

  • Evaporated cooling system
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of November 2021

Westwood Terrace on Osborn. Excellent investment opportunity located in the highly sought-after historic district of North Encanto! This sale includes two buildings. 1634 and 1640 W Osborn. Both are separately parceled. APN#'s 110-15-087 and 110-15-088. $1,210,000.00 portfolio must buy both buildings and can qualify for commercial or two separate conventional loans at $605,000 each. 1 three-bedroom unit and 5 two-bedroom units, all one bath. Rents are currently well below market. All tenants are on a month-to-month lease. Easy to increase rents or vacate and renovate the units. Great location for an Airbnb/VRBO. Beautiful, lush green grounds with grass and trees. All facts and figures are approximate buyer verify MLS information. Drive by only. Access during inspection period.

Last Agent to Sell the Property

Cindy Robinson

Cadaci Realty License #BR550072000 Listed on: 10/16/2021

Co-Listed By

Ken Dallas

Cadaci Realty License #SA641970000

Last Buyer's Agent

Howard Rudin

West USA Realty License #SA527947000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,000

Year Built

  • Built in 1952

Lot Details

  • 9,670

Home Design

  • Brick Exterior Construction
  • Composition Roof

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking

Utilities

  • Evaporated cooling system
  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Concrete Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for trash collection, landscaping
  • Tax Lot 21
  • Assessor Parcel Number 110-15-087

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 19320
  • Westwood Terrace Subdivision

Building Details

  • Operating Expense $26,070
  • Gross Income $92,112
  • Net Operating Income $82,743

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,000

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Cross Street: 17th Avenue and OSborne
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 2
  • Year Built: 1952
  • Tax Year: 2021
  • Directions: Just east of 17th Avenue on the North Side of Osborn.
  • Road Surface Type: Dedicated Street, Alley
  • Professional Management Expense: 6120.0
  • Co List Office Mls Id: cada001
  • Co List Office Phone: 623-866-4221
  • Subdivision Name: Westwood Terrace
  • Construction Brick: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Brick Veneer, Brick
  • Roof: See Remarks, Composition

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Attached: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Evaporative Cooling
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Submetered System
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Annual Water Sewer Expense: 5100.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 19320
  • Additional Parcels: Yes
  • Parcel #: 110-15-087

Multi Family

  • Owner Pays: Trash Collection, Landscaping
  • Tenant Pays: Water
  • Number Of Units Total: 6
  • Electric Expense: 650.0
  • Annual Gross Income: 92112.0
  • Insurance Expense: 2000.0
  • Maintenance Expense: 4000.0
  • Property Net Operating Income: 82743.0
  • Annual Operating Expense: 26070.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3000.0
  • Tax Book Number: 110.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2021
Closed on
Nov 2, 2021
Sold by
Groem Svein
Bought by
1634 W Osborn Road Llc
Seller's Agent
Cindy Robinson
Cadaci Realty
Buyer's Agent
Howard Rudin
West USA Realty
List Price
$1,210,000
Sold Price
$1,230,000
Premium/Discount to List
$20,000
1.65%
Current Estimated Value
$680,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$549,667
Avg. Annual Appreciation
-11.78%

Purchase Details

Listed on
Nov 7, 2012
Closed on
Mar 25, 2013
Sold by
Schmieder Carole R
Bought by
Groem Svein
Seller's Agent
John Rucidlo
AgentHub 360, LLC
Buyer's Agent
Cindy Robinson
Cadaci Realty
List Price
$116,600
Sold Price
$120,000
Premium/Discount to List
$3,400
2.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.99%
Original Mortgage
$90,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 7, 2012
Closed on
Mar 18, 2013
Sold by
Groem Sara Jo
Bought by
Groem Svein
Seller's Agent
John Rucidlo
AgentHub 360, LLC
Buyer's Agent
Cindy Robinson
Cadaci Realty
List Price
$116,600
Sold Price
$120,000
Premium/Discount to List
$3,400
2.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2005
Sold by
Donohue Michael S
Bought by
Schmieder Carole R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,000
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2005
Sold by
Christian Charles D and M Joe Bushong R
Bought by
Donohue Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2003
Sold by
Koford Carla
Bought by
Christian Charles D and Bushong Rm Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.73%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
1634 W Osborn Road Llc $1,230,000 Pioneer Title Agency Inc
Groem Svein $120,000 Security Title Agency
Groem Svein -- Security Title Agency
Schmieder Carole R -- Security Title Agency
Schmieder Carole R $300,000 Security Title Agency Inc
Ocs Properties Llc -- Security Title Agency
Schmieder Carole R $300,000 Security Title Agency Inc
Donohue Michael S $200,000 Equity Title Agency Inc
Christian Charles D $150,000 Century Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1634 W Osborn Road Llc $2,550,000
Previous Owner Groem Svein $90,000
Previous Owner Schmieder Carole R $90,000
Previous Owner Schmieder Carole R $193,000
Previous Owner Donohue Michael S $130,000
Previous Owner Christian Charles D $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $1,230,000 +1.7% $1,482 / Sq Ft
10/13/2021 10/13/21 For Sale $1,210,000 +908.3% $1,458 / Sq Ft
03/27/2013 03/27/13 Sold $120,000 +2.9% $145 / Sq Ft
11/12/2012 11/12/12 Pending -- -- --
11/07/2012 11/07/12 For Sale $116,600 -- $140 / 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 $1,469 $11,707 -- --
2024 $1,419 $11,150 -- --
2023 $1,419 $47,730 $9,540 $38,190
2022 $1,411 $32,960 $6,590 $26,370
2021 $1,435 $29,050 $5,810 $23,240
2020 $1,399 $24,280 $4,850 $19,430
2019 $1,338 $20,730 $4,140 $16,590
2018 $1,294 $16,020 $3,200 $12,820
2017 $1,188 $14,560 $2,910 $11,650
2016 $1,146 $12,710 $2,540 $10,170
2015 $1,065 $11,200 $2,240 $8,960
Source: Public Records

Agents Affiliated with this Home

  • Cindy Robinson

    Seller's Agent in 2021

    Cindy Robinson

    Cadaci Realty

    (480) 338-9978

    1 in this area

    53 Total Sales

    Section Image

  • K

    Seller Co-Listing Agent in 2021

    Ken Dallas

    Cadaci Realty

    (623) 221-2331

    1 in this area

    37 Total Sales

    Section Image
  • Howard Rudin

    Buyer's Agent in 2021

    Howard Rudin

    West USA Realty

    (602) 390-8088

    1 in this area

    125 Total Sales

    Section Image

  • J

    Seller's Agent in 2013

    John Rucidlo

    AgentHub 360, LLC

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6308306

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-15-088

Arizona Maricopa County Phoenix 85015 Encanto

1640 W Osborn Rd, Phoenix, AZ

This home is located at 1640 W Osborn Rd, Phoenix, AZ 85015 since 16 October 2021 and is currently estimated at $682,333, approximately $822 per square foot. This property was built in 1952. 1640 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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