NOT LISTED FOR SALE

320 Independence Cir Phoenix, OR 97535

Estimated Value: $617,685 - $689,000

8 Beds
4 Baths
3,400 Sq Ft
$193/Sq Ft Est. Value

Last Sold June 09, 2016

Last sale price $309,000 $91 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $3,830/month

39 Days on Market

About This Home

As of June 2016

Centrally located in Phoenix, this investment 4 plex has been well managed. Low maintenance lot. Most Tenants have been here for quite some time. All units are 2 bedrooms 1 bath. Priced to sell. Appointment only. 24 Hr notice required. 4 Car garage included.

Last Agent to Sell the Property

Jeff Rodgers

John L. Scott Ashland License #200507207 Listed on: 04/07/2016

John L. Scott Ashland

Last Buyer's Agent

Ada Sanchez

RE/MAX Integrity License #201203342

RE/MAX Integrity

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,819

Year Built

  • Built in 1978

Lot Details

  • 10,019

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Schools

  • Talent Elementary School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System

Additional Features

  • 2-Story Property
  • 10,019 Sq Ft Lot

Community Details

  • 4 Units
  • Gross Income $33,600

Listing and Financial Details

  • Exclusions: tenants personal property
  • Assessor Parcel Number 10593101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,819

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Directions: Rose to Independence.
  • Unit Levels: Two
  • Lot Size Acres: 0.23
  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1978
  • Total Gross Income: 33600.0
  • Co List Office Phone: 541-488-1311
  • Outside Inclusions: all built in appliances and refrigerator
  • MLS Status: Closed
  • General Property Information Elementary School: Talent Elem
  • General Property Information:Zoning2: R-3
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Foundation Details Slab: Yes
  • Special Features: None

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Slab
  • Roof: Composition
  • Exclusions: tenants personal property
  • Construction Materials:Frame: Yes

Utilities

  • Cooling: Heat Pump
  • Heating: Electric, Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • HeatingCooling:Heat Pump: Yes
  • Heating:Electric2: Yes

Schools

  • Elementary School: Talent Elem

Lot Info

  • Lot Size Sq Ft: 10018.8
  • Parcel #: 10593101
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-3
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3819.17
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2021
Sold by
Duran Raymundo Gonzalez and Duran Maricela Nieto
Bought by
Rutledge Adam David
Current Estimated Value
$655,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$411,203
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$243,968

Purchase Details

Listed on
Apr 7, 2016
Closed on
Jun 3, 2016
Sold by
Bolton Mathew D and Bolton Lorna S
Bought by
Nieto Duran Raymunsdo Gonzalez and Nieto Duran Maricela
Seller's Agent
Jeff Rodgers
John L. Scott Ashland
Buyer's Agent
Ada Sanchez
RE/MAX Integrity
List Price
$349,000
Sold Price
$309,000
Premium/Discount to List
-$40,000
-11.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%
Original Mortgage
$231,750
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2011
Sold by
Reyes Giovanni F and Reyes Lisa
Bought by
Bolton Mathew D and Bolton Lorna S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2006
Sold by
Savage William A
Bought by
Reyes Giovanni F and Reyes Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,639
Interest Rate
6.29%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 10, 1998
Sold by
Robbins Lester Noel and Robbins Mary Belle
Bought by
Pollacheck Scott L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rutledge Adam David $600,000 First American
Nieto Duran Raymunsdo Gonzalez $309,000 First American
Bolton Mathew D $190,000 First American
Reyes Giovanni F -- Amerititle
Pollacheck Scott L $175,000 Amerititle Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rutledge Adam David $450,000
Previous Owner Nieto Duran Raymunsdo Gonzalez $231,750
Previous Owner Bolton Mathew D $142,500
Previous Owner Reyes Giovanni F $223,639
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2016 06/09/16 Sold $309,000 -11.5% $91 / Sq Ft
05/08/2016 05/08/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $349,000 -- $103 / Sq Ft
Source: Oregon Datashare

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
2026 $5,258 $329,710 -- --
2025 $5,133 $320,110 $90,520 $229,590
2024 $5,133 $310,790 $87,880 $222,910
2023 $4,972 $301,740 $85,320 $216,420
2022 $4,840 $301,740 $85,320 $216,420
2021 $4,725 $292,960 $82,830 $210,130
2020 $4,576 $284,430 $80,410 $204,020
2019 $4,454 $268,110 $75,790 $192,320
2018 $4,324 $260,310 $73,590 $186,720
2017 $4,085 $260,310 $73,590 $186,720
2016 $3,974 $245,370 $69,360 $176,010
2015 $3,819 $245,370 $44,170 $201,200
2014 $3,675 $231,300 $41,630 $189,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 102963698

Oregon Datashare

APN: 10593101