NOT LISTED FOR SALE

2036 E Osborn Rd Unit 2 Phoenix, AZ 85016

Camelback East Village Neighborhood

Estimated Value: $464,814 - $619,000

Studio
4 Baths
1,000 Sq Ft
$540/Sq Ft Est. Value

Last Sold September 29, 2015

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

Est. 135% increase in value since last sale

Current estimated payment $3,012/month

3 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of September 2015

A terrific investment opportunity in the heart of Phoenix at Osborn Rd and the 51. Four units for $225,000 is a bargain! Act now, because this one will sell fast. It’s virtually maintenance free – block construction, new roof, new hvac units, new doors and new windows. Each unit has its own meter for gas and electric. Three units are one bed, one bath, 650 square feet and rent for $550.00. The fourth unit is a 300 square foot studio that rents for $400.00. Rents in the area are substantially higher averaging $600-$650 for comparable units. There are month-to-month tenants in three units. The owner occupies one unit but will vacate upon COE.

Last Agent to Sell the Property

Haines Meyer

Prime House LLC License #SA572510000 Listed on: 09/03/2015

Last Buyer's Agent

Brad Jensen

RE/MAX Fine Properties License #BR651029000

RE/MAX Fine Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $787

Year Built

  • Built in 1961

Lot Details

  • 8,146

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Wood
  • Concrete

Parking

  • 1 Open Parking Space
  • 4 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 119-22-126-D

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8125

Building Details

  • Gross Income $25,080
  • Net Operating Income $22,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$787

Year Built

Built in 1961

Lot Details

8,146 Sq Ft Lot

Listing Details

  • Cross Street: 20th Street and Osborn Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1961
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood, Concrete
  • Appliances Included:FS 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: 1.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1300.0

Lot Info

  • Lot Size: 8125
  • Additional Parcels: No
  • Parcel #: 119-22-126-D

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 25080.0
  • Insurance Expense: 787.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 22280.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 787.0
  • Tax Book Number: 119.00
  • Tax Lot: n/a

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2015
Closed on
Oct 12, 2015
Sold by
Gilliam Laura J
Bought by
Dunlap Robert Cole
Seller's Agent
Haines Meyer
Prime House LLC
Buyer's Agent
Brad Jensen
RE/MAX Fine Properties
List Price
$225,000
Sold Price
$230,000
Premium/Discount to List
$5,000
2.22%
Current Estimated Value
$539,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,954
Avg. Annual Appreciation
8.47%
Original Mortgage
$222,323
Outstanding Balance
$174,146
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$365,808

Purchase Details

Closed on
May 6, 2002
Sold by
Jessiman Virginia D
Bought by
Gilliam Grant M and Gilliam Laura J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 1995
Sold by
Lapp Herbert W and Lapp Irene O
Bought by
Jessiman Virginia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,200
Interest Rate
7.8%
Mortgage Type
New Conventional
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

Date Buyer Sale Price Title Company
Dunlap Robert Cole $230,000 First American Title Ins Co
Gilliam Grant M $145,000 Transnation Title Insurance
Jessiman Virginia D $94,000 Fiesta Title & Escrow Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dunlap Robert Cole $222,323
Previous Owner Gilliam Grant M $116,000
Previous Owner Jessiman Virginia D $75,200
Closed Gilliam Grant M $29,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2015 09/29/15 Sold $230,000 +2.2% $230 / Sq Ft
09/06/2015 09/06/15 Pending -- -- --
09/03/2015 09/03/15 For Sale $225,000 -- $225 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,529 $11,323 -- --
2024 $1,455 $10,783 -- --
2023 $1,455 $43,730 $8,740 $34,990
2022 $1,354 $31,620 $6,320 $25,300
2021 $1,392 $30,220 $6,040 $24,180
2020 $1,357 $25,880 $5,170 $20,710
2019 $1,348 $20,550 $4,110 $16,440
2018 $1,320 $17,880 $3,570 $14,310
2017 $1,268 $15,760 $3,150 $12,610
2016 $1,219 $12,970 $2,590 $10,380
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2015

    Haines Meyer

    Prime House LLC

    (480) 789-1735

    2 Total Sales

    Haines Meyer
    Section Image
  • Brad Jensen

    Buyer's Agent in 2015

    Brad Jensen

    RE/MAX

    (602) 730-5113

    1 in this area

    36 Total Sales

    Brad Jensen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5329547

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-22-126D

Arizona Maricopa County Phoenix 85016 Camelback East Village

2036 E Osborn Rd Unit 2, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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