$152,500
SOLD JUN 15, 2015

2538 W Ocotillo Rd Phoenix, AZ 85017

Grandview Neighborhood
-- Bed
-- Bath
2,330 Sq Ft
7,057 Sq Ft Lot

Recently Sold

$65 Per Sq Ft

2% Below List Price

84 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Washington High School Rated A-

About This Home

As of November 2023

2,330 SF Duplex--Great income property or even greater opportunity for an owner occupant to have income and cover mtg payment with little down with VA or FHA! Newer construction & dual-pane windows. Each unit is 3 BR 2 full baths (bath upstairs and down), inside laundry room. Recent paint, carpet, ceiling fans, blinds, faucets, appliances in each unit. Private backyards with block fences. Individually metered for water & electric.
Unit A is leased thru 8/31/15 and Unit B is available for an owner occupant and viewing. A-Rated Washington High School, convenient access to I-17, shopping, churches.

Last Agent to Sell the Property

Brigitte Rapatz

Compass License #SA040480000 Listed on: 03/09/2015

Compass

Last Buyer's Agent

Larry Cheuk

Gold Coast Realty License #BR627504000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,164

Year Built

  • Built in 2006

Home Design

  • Composition Roof
  • Metal Construction or Metal Frame
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV, landscaping
  • The owner pays for landscaping
  • Legal Lot and Block 17 / 2
  • Assessor Parcel Number 156-01-042-G

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7041 SF
  • Krall's Homesites Subdivision

Building Details

  • Operating Expense $2,251
  • Gross Income $20,000
  • Net Operating Income $18,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,164

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: Northern & 27th Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2006
  • Tax Year: 2014
  • Directions: South on 27th Ave from Glendale to Ocotillo Rd. east to property.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: KRALL'S HOMESITES
  • Tax Parcel Letter: G
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Frame - Metal
  • Roof: Composition
  • Construction:Frame - Metal: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free, Assigned, Add'l Parking Avail, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Elementary School: Ocotillo 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: 7041 SF
  • Additional Parcels: No
  • Parcel #: 156-01-042-G

Multi Family

  • Owner Pays: Landscaping, None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 20000.0
  • Insurance Expense: 837.0
  • Maintenance Expense: 250.0
  • Property Net Operating Income: 18900.0
  • Annual Operating Expense: 2251.0

Tax Info

  • Tax Annual Amount: 1164.0
  • Tax Block: 2
  • Tax Book Number: 156.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2015
Closed on
Jun 2, 2015
Sold by
Buisker Clark and Rapatz Brigitte
Bought by
Gs2m Llc
Seller's Agent
Brigitte Rapatz
Compass
Buyer's Agent
Larry Cheuk
Gold Coast Realty
List Price
$155,000
Sold Price
$152,500
Premium/Discount to List
-$2,500
-1.61%
Current Estimated Value
$539,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$386,553
Avg. Annual Appreciation
12.88%

Purchase Details

Closed on
Feb 11, 2010
Sold by
Canadian Investors Associates Llc
Bought by
Busiker Clark and Rapatz Brigitte

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,600
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 2010
Sold by
Lu Tracye
Bought by
Canadian Investor Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,600
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2007
Sold by
Lu Tracye and Lu Bessie
Bought by
Lu Bessie

Purchase Details

Closed on
Jul 18, 2006
Sold by
Lu Tracye
Bought by
Lu Tracye and Lu Bessie

Purchase Details

Closed on
Sep 26, 2005
Sold by
Demore Development Llc
Bought by
Lu Tracye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,000
Interest Rate
5.93%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Cash Sale Deed $152,500 Great Amer Title Agency Inc
Quit Claim Deed -- None Available
Trustee Deed $62,500 None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Grand Canyon Title Agency
Warranty Deed $248,900 Transnation Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $74,600 Purchase Money Mortgage
Previous Owner $199,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2023 11/28/23 Sold $505,000 -2.9% $217 / Sq Ft
10/20/2023 10/20/23 Pending -- -- --
09/29/2023 09/29/23 For Sale $520,000 +241.0% $223 / Sq Ft
06/15/2015 06/15/15 Sold $152,500 -1.6% $65 / Sq Ft
06/01/2015 06/01/15 Pending -- -- --
03/09/2015 03/09/15 For Sale $155,000 -- $67 / 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 $1,438 $11,759 -- --
2024 $1,412 $11,199 -- --
2023 $1,412 $31,350 $6,270 $25,080
2022 $1,366 $23,700 $4,740 $18,960
2021 $1,384 $21,270 $4,250 $17,020
2020 $1,349 $19,060 $3,810 $15,250
2019 $1,324 $16,430 $3,280 $13,150
2018 $1,290 $15,210 $3,040 $12,170
2017 $1,283 $12,960 $2,590 $10,370
2016 $1,260 $10,810 $2,160 $8,650
2015 $1,167 $9,350 $1,870 $7,480
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2023

    Zachary Coty

    R.O.I. Properties

  • Rachel Yusupova

    Buyer's Agent in 2023

    Rachel Yusupova

    HomeSmart

    (602) 741-4343

    4 in this area

    94 Total Sales

    Section Image
  • Brigitte Rapatz

    Seller's Agent in 2015

    Brigitte Rapatz

    Compass

    (602) 672-1000

    30 Total Sales

    Section Image

  • L

    Buyer's Agent in 2015

    Larry Cheuk

    Gold Coast Realty

    (602) 291-8819

    87 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5247979

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-01-042G

Arizona Maricopa County Phoenix 85017 Grandview

2538 W Ocotillo Rd, Phoenix, AZ

This home is located at 2538 W Ocotillo Rd, Phoenix, AZ 85017 and is currently priced at $152,500, approximately $65 per square foot. This property was built in 2006. 2538 W Ocotillo Rd is a home located in Maricopa County with nearby schools including Washington Elementary School, Palo Verde Middle School, and Washington High 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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