NOT LISTED FOR SALE

303 E Ocotillo Rd Unit 23 Phoenix, AZ 85012

Alhambra Neighborhood

Estimated Value: $1,475,000 - $3,139,000

0.59 Acre
$4,217,934 Price per Acre
25,700 Sq Ft Lot

Last Sold June 21, 2013

Last sale price $435,000

Est. 472% increase in value since last sale

Current estimated payment $14,653/month

335 Days on Market

Highlights

  • 0.59 Acre Lot
  • Corner Lot
  • No HOA
  • Madison Richard Simis School Rated A-

About This Lot

As of June 2013

Exceptional and rare vacant lot over half an acre in N Central Corridor. The lot is prepped and ready, old home cleared and lot engineered for an exceptional future home. With a 1.345M sale (Aug 2012) a few doors down, street affords an owner or builder the opportunity to build an exceptional home without worry. Location gives an opportunity for a side entry garage and limited traffic. Call with questions.

Last Agent to Sell the Property

Lloyd Fox

1912 Realty Brokerage Phone: 602-418-1153 License #BR529637000 Listed on: 08/17/2012

Co-Listed By

Michelle Lanigan

1912 Realty Brokerage Phone: 602-418-1153 License #SA557004000

Last Buyer's Agent

Bradley Scovil

UCI Realty, L.L.C. License #SA506841000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,343

Lot Details

  • 0.59 Acre Lot
  • Block Wall Fence
  • Corner Lot
  • Level Lot

Eco-Friendly Details

  • North or South Exposure

Schools

  • Madison Richard Simis Elementary School
  • Madison Meadows Middle School
  • Central High School

Community Details

  • No Home Owners Association
  • Milton Groves Subdivision

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 161-19-033

Property Details

Property Type

Land

Est. Annual Taxes

$7,343

Lot Details

0

Listing Details

  • Cross Street: Glendale and 7th Street
  • Property Type: Land
  • Development Status: Raw Land, Prelim Eng Included
  • Topography: Level
  • Zoning: R
  • Tax Year: 2011
  • Directions: South to Ocotillo West to Property is on Southeast corner of 3rd Street and Ocotillo
  • Attribution Contact: 602-418-1153
  • Horses: No
  • Lot Size Acres: 0.59
  • Co List Office Mls Id: lfox01
  • Co List Office Phone: 480-516-0555
  • Subdivision Name: Milton Groves
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Fencing: Block
  • Lot Features: Corner Lot, North/South Exp
  • Disclosures: Seller Prop Disc Stm
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Madison Richard Simis School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison Meadows School

Lot Info

  • Lot Size: 0
  • Lot Size Sq Ft: 25853.0
  • Additional Parcels: No
  • Parcel #: 161-19-033
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7343.0
  • Tax Book Number: 161.00
  • Tax Lot: 23
  • Tax Map Number: 19.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2022
Sold by
Mitzel Derek and Mitzel Stephanie
Bought by
Derek And Stephanie Living Trust and Mitzel
Current Estimated Value
$2,488,581

Purchase Details

Listed on
Aug 17, 2012
Closed on
Jun 5, 2013
Sold by
Lippman Steven Jay and Lippman Kerry Lynn
Bought by
Mitzel Derek and Mitzel Stephanie
Seller's Agent
Lloyd Fox
1912 Realty
Buyer's Agent
Bradley Scovil
UCI Realty, L.L.C.
List Price
$450,000
Sold Price
$435,000
Premium/Discount to List
-$15,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.22%
Original Mortgage
$1,000,000
Interest Rate
3.57%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 26, 2008
Sold by
Latronico Gary J and Latronico Christine A
Bought by
Lippman Steven Jay and Lippman Kerry Lynn
Source: Public Records

Similar Properties in Phoenix, AZ

  • 4249 N 16th St, Phoenix, AZ 85016

    $2,250,000

    • Land
    • 0.63 Acre
    • $3,571,429 per Acre
    • 4249 N 16th St
    • Phoenix, AZ

    Outstanding location with high visibility along 16th Street. This vacant lot features C-2 zoning in the front and R-3 zoning in the rear. Seller is currently awaiting city approval for plans to construct 8 modern townhomes, reach out to listing agent for plans.Highlights:•Mixed C-2 and R-3 zoning•Plans submitted for 8 townhomes•High-traffic, high-demand location•Easy access to SR-51, Downtown

    Patrick Horine Echo Real Estate

    Section Image
  • 2833 N 3rd St, Phoenix, AZ 85004

    $1,999,999

    • Land
    • 0.74 Acre
    • $2,702,701 per Acre
    • 2833 N 3rd St
    • Phoenix, AZ

    ''The Goldwater'' by Capital Allocation Partners is a permit ready 32-unit, mid-century modern design, garden style apartment community between the ''7's'' in Midtown Phoenix. Featuring well laid out and spacious Studios, 1-Bedroom, and 2-Bedroom apartment homes with private balconies, this community is centrally located to major employers, freeways, retail and award-winning eateries.

    Chad Barber Fenix CRE

    Section Image
  • 1152 E Monroe St Unit 15, Phoenix, AZ 85034

    $2,100,000

    • Land
    • 0.54 Acre
    • $3,888,889 per Acre
    • 1152 E Monroe St
    • Unit 15
    • Phoenix, AZ

    Exceptional redevelopment opportunity in Downtown Phoenix, AZ. +/-23,500 SFT property, Zoned R-5, potential for higher density development under Walkable Urban Code and in an Opportunity Zone with potential for tax incentives. - Buyer and their experts to verify. The site is primed for transformation into multi-family housing, a modern light office space, or mixed-use development. Positioned

    Brian Dellis Realty ONE Group

    Section Image
  • 5511 E Calle Redonda -- Unit 37, Phoenix, AZ 85018

    $2,445,000

    • Land
    • 0.46 Acre
    • $5,315,217 per Acre
    • 5511 E Calle Redonda --
    • Unit 37
    • Phoenix, AZ

    Shovel Ready Half Acre Lot in Arcadia Proper - Package Includes Plans, Permits - The plans call for a 4,910 sqft house with 5 beds, 5.5 baths, formal dining, breakfast nook, butler's pantry, oversized pantry, oversized laundry, 3 car garage, pool, multiple gas fireplaces & more.Renowned Arcadia Builder Dan McIntyre of McIntyre Development has a projected cost proposal to build at $2,350,000 to

    Josh Wein HomeSmart

    Section Image
See All Homes in Phoenix

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Derek And Stephanie Living Trust -- None Listed On Document
Mitzel Derek $435,000 Empire West Title Agency
Lippman Steven Jay $585,000 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mitzel Derek $999,999
Previous Owner Mitzel Derek $820,100
Previous Owner Mitzel Derek $1,000,000
Previous Owner Latronico Gary J $197,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2013 06/21/13 Sold $435,000 -3.3% --
06/17/2013 06/17/13 Pending -- -- --
07/17/2012 07/17/12 For Sale $450,000 -- --
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 $17,352 $139,708 -- --
2024 $16,887 $133,056 -- --
2023 $16,887 $185,620 $37,120 $148,500
2022 $16,384 $140,150 $28,030 $112,120
2021 $16,526 $128,970 $25,790 $103,180
2020 $16,268 $131,410 $26,280 $105,130
2019 $15,910 $121,520 $24,300 $97,220
2018 $15,520 $116,480 $23,290 $93,190
2017 $14,789 $110,950 $22,190 $88,760
2016 $14,278 $109,080 $21,810 $87,270
2015 $13,262 $109,960 $21,990 $87,970
Source: Public Records

Agents Affiliated with this Home

  • Lloyd Fox

    Seller's Agent in 2013

    Lloyd Fox

    1912 Realty

    (602) 418-1153

    2 in this area

    157 Total Sales

    Lloyd Fox
    Section Image
  • Michelle Lanigan

    Seller Co-Listing Agent in 2013

    Michelle Lanigan

    1912 Realty

    (480) 650-7428

    2 Total Sales

    Michelle Lanigan
    Section Image
  • Bradley Scovil

    Buyer's Agent in 2013

    Bradley Scovil

    UCI Realty, L.L.C.

    (602) 697-9009

    1 in this area

    32 Total Sales

    Bradley Scovil
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4790264

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-19-033

Arizona Maricopa County Phoenix 85012 Alhambra

303 E Ocotillo Rd Unit 23, Phoenix, AZ

This home is located at 303 E Ocotillo Rd Unit 23, Phoenix, AZ 85012 since 17 August 2012 and is currently estimated at $2,488,581. 303 E Ocotillo Rd Unit 23 is a home located in Maricopa County with nearby schools including Madison Richard Simis School, Madison Meadows School, and Central 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

Nearby Homes