NOT LISTED FOR SALE

2061 W Ocotillo Rd Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $288,000 - $661,000

7 Beds
3 Baths
236,250 Sq Ft
$2/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $660,000 $3 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $2,995/month

34 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Washington High School Rated A-
  • Central Heating and Cooling System

About This Home

As of April 2022

Great Tri-Plex Multi Family opportunity. The units have been remodeled.
***2 units 810 SQ FT 2 bed/1.5 Bath**
**1 unit 1200 Sq Ft 3 Bed/2 Bath** 2 of the units are vacant on one of the units is rented month to month. This will allow for you to start fresh with your own tenants.

*Unit 1 & 2 includes oven, fridge, microwave, W/D hookup*
*Unite 3 does not include appliances. Only W/D hookup*

Last Agent to Sell the Property

Frank Gerola

Venture REI, LLC License #SA645607000 Listed on: 03/11/2022

Venture REI, LLC

Co-Listed By

Kevin McKiernan

Venture REI, LLC License #SA632762000

Last Buyer's Agent

Daniel Cruz

Unknown Office Name: none License #SA689062000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,340

Year Built

  • Built in 1964

Lot Details

  • 10,324

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Parking Spaces
  • Carport
  • On-Street Parking

Schools

  • Maryland Elementary School
  • Palo Verde Middle School
  • Washington High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for trash collection, water, landscaping
  • Tax Lot 85
  • Assessor Parcel Number 156-16-117

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 140 x 83
  • W J Lawrence Plat 2 Subdivision

Building Details

  • Operating Expense $5,867

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,340

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 21st Avenue and Glendale
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: vrei03
  • Co List Office Phone: 480-636-4893
  • Subdivision Name: W J LAWRENCE PLAT 2
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Add'l Parking Avail, On Street, Carport
  • Attached Garage: No
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking Features:Carport: Yes
  • Parking Features Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1320.0
  • Annual Water Sewer Expense: 1320.0

Schools

  • Elementary School: Maryland Elementary School
  • High School: Washington High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Palo Verde Middle School

Lot Info

  • Lot Size: 140 x 83
  • Additional Parcels: No
  • Parcel #: 156-16-117

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Number Of Units Total: 3
  • Insurance Expense: 1287.0
  • Annual Operating Expense: 5867.0

Tax Info

  • Tax Annual Amount: 1340.0
  • Tax Book Number: 156.00
  • Tax Lot: 85

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2022
Sold by
Arches Properties Llc
Bought by
Arches Holdco Llc
Current Estimated Value
$546,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$986,400
Outstanding Balance
$944,033
Interest Rate
5.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$397,690

Purchase Details

Closed on
Apr 13, 2020
Sold by
Morando Joseph
Bought by
Pena Carolina Alvarez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 1, 2018
Closed on
Mar 27, 2018
Sold by
Morando Yuliana and Morando Joseph
Bought by
Morando Joseph
Seller's Agent
Mario Romero
The Melcher Agency
Buyer's Agent
Justin Blinson
My Rental Superstore
List Price
$274,777
Sold Price
$260,000
Premium/Discount to List
-$14,777
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.21%
Original Mortgage
$234,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2009
Sold by
Valdez Geronima R
Bought by
Valdez Geronima and Trejo Trust

Purchase Details

Closed on
Aug 15, 2003
Sold by
Valdez Eszikel F
Bought by
Valdez Geronima R

Purchase Details

Closed on
Oct 19, 2000
Sold by
Ilie Ioan and Ilie Marilena
Bought by
Valdez Eszikel F and Valdez Geronima R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 1996
Sold by
Zaccaria Iris M and Zaccaria Anthony D
Bought by
Ilie Marilena and Ilie Ioan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,266
Interest Rate
7.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 8, 1994
Sold by
Schulle Milton W and Mavis Schulle O
Bought by
Zaccaria Iris M and Zaccaria Anthony D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
7.79%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Arches Holdco Llc -- Servicelink
Pena Carolina Alvarez $350,000 Empire West Title Agency Llc
Morando Joseph -- First American Title Insuran
Morando Joseph $260,000 First American Title Insuran
Valdez Geronima -- None Available
Valdez Geronima R -- --
Valdez Eszikel F $160,000 Security Title Agency
Ilie Marilena $107,000 First American Title
Zaccaria Iris M $86,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arches Holdco Llc $986,400
Previous Owner Pena Carolina Alvarez $343,660
Previous Owner Morando Joseph $234,000
Previous Owner Valdez Eszikel F $128,000
Previous Owner Ilie Marilena $105,266
Previous Owner Zaccaria Iris M $76,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/29/2022 04/29/22 Sold $660,000 -3.6% $3 / Sq Ft
04/14/2022 04/14/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $685,000 +163.5% $3 / Sq Ft
04/20/2018 04/20/18 Sold $260,000 -1.8% $1 / Sq Ft View Prior Sale
03/23/2018 03/23/18 Pending -- -- --
03/19/2018 03/19/18 Price Changed $264,777 -3.6% $1 / Sq Ft
03/19/2018 03/19/18 For Sale $274,777 0.0% $1 / Sq Ft
03/09/2018 03/09/18 Pending -- -- --
03/01/2018 03/01/18 For Sale $274,777 -- $1 / 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 $1,447 $11,387 -- --
2024 $1,367 $10,844 -- --
2023 $1,367 $44,160 $8,830 $35,330
2022 $1,323 $29,280 $5,850 $23,430
2021 $1,340 $26,030 $5,200 $20,830
2020 $1,306 $22,730 $4,540 $18,190
2019 $1,282 $19,000 $3,800 $15,200
2018 $1,249 $17,120 $3,420 $13,700
2017 $1,243 $16,710 $3,340 $13,370
2016 $1,220 $13,260 $2,650 $10,610
2015 $1,130 $10,610 $2,120 $8,490
Source: Public Records

Agents Affiliated with this Home

  • Frank Gerola

    Seller's Agent in 2022

    Frank Gerola

    Venture REI, LLC

    (480) 231-3401

    1 in this area

    332 Total Sales

    Frank Gerola
    Section Image

  • K

    Seller Co-Listing Agent in 2022

    Kevin McKiernan

    Venture REI, LLC

    (480) 363-4893

    1 in this area

    307 Total Sales

    Kevin McKiernan
    Section Image

  • D

    Buyer's Agent in 2022

    Daniel Cruz

    Unknown Office Name: none

    Section Image
  • Mario Romero

    Seller's Agent in 2018

    Mario Romero

    The Melcher Agency

    (602) 920-0306

    6 in this area

    76 Total Sales

    Mario Romero
    Section Image
  • Geri Valdez

    Seller Co-Listing Agent in 2018

    Geri Valdez

    The Melcher Agency

    (602) 672-3877

    Geri Valdez
    Section Image

  • J

    Buyer's Agent in 2018

    Justin Blinson

    My Rental Superstore

    (480) 273-6442

    11 Total Sales

    Justin Blinson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6379012

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-16-117

Arizona Maricopa County Phoenix 85015 Alhambra

2061 W Ocotillo Rd, 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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