$210,000
SOLD MAR 22, 2016
-- Bed
-- Bath
3,304 Sq Ft
0.27 Acres

Recently Sold

$64 Per Sq Ft

5% Below List Price

5 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of August 2022

This attractive garden-style 4plex consists of three 2bedroom/1bath units and one 1bed/1bath unit. The property was built in 1966 and is constructed of slump block with pitched rolled roofs. The property is individually metered for both electric and gas. The property offers tenants a private courtyard with 6-7 foot CMU walls with two gated entrances, and covered parking. Interiors feature vaulted ceilings with exposed beams, fully appointed kitchens, ceramic tile throughout, screen doors, and walk in closets. The property is well situated along 15th Ave near Phoenix College and across the street from 2 elementary schools. Current rents are under market, and value can be added by re-positioning the property through interior and exterior upgrades to take advantage of strong sub-market rents.

Last Agent to Sell the Property

Jamie Canute

Orion Investment Real Estate License #SA580623000 Listed on: 01/23/2016

Last Buyer's Agent

Zack Mishkin

Orion Investment Real Estate License #SA566430000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,477

Year Built

  • Built in 1966

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 32
  • Assessor Parcel Number 110-09-030-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11900
  • Westwood Terrace Subdivision

Building Details

  • Gross Income $25,650
  • Net Operating Income $13,949

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,477

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Cross Street: 15th Ave & Osborn
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: C
  • Number Of Buildings: 1
  • Year Built: 1966
  • Tax Year: 2015
  • Directions: From Osborn head North on 15th Ave. Property is on the West side of 15th Ave. (Parking is in the back)
  • Road Surface Type: Asphalt, Alley
  • Professional Management Expense: 2160.0
  • Subdivision Name: WESTWOOD TERRACE
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Slump Block
  • Roof: Rolled/Hot Mop
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 2880.0

Lot Info

  • Lot Size: 11900
  • Additional Parcels: No
  • Parcel #: 110-09-030-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 264.0
  • Annual Gross Income: 25650.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 13949.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1477.0
  • Tax Book Number: 110.00
  • Tax Lot: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2022
Closed on
Aug 17, 2022
Sold by
Guillaume Gigot
Bought by
Villeneuve Rentals Llc
Seller's Agent
Jackson Everhart
Orion Investment Real Estate
Buyer's Agent
Jason Self
Denali Real Estate, LLC
List Price
$1,100,000
Sold Price
$975,000
Premium/Discount to List
-$125,000
-11.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.67%
Original Mortgage
$731,250
Outstanding Balance
$704,681
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$289,245

Purchase Details

Listed on
Apr 11, 2022
Closed on
Aug 10, 2022
Sold by
Grs Investment Company Llc
Bought by
Gigot Guillaume
Seller's Agent
Jackson Everhart
Orion Investment Real Estate
Buyer's Agent
Jason Self
Denali Real Estate, LLC
List Price
$1,100,000
Sold Price
$975,000
Premium/Discount to List
-$125,000
-11.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Outstanding Balance
$704,681
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$289,245

Purchase Details

Closed on
Aug 11, 2021
Sold by
Westwood Green Lllp
Bought by
Grs Investment Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jan 23, 2016
Closed on
Mar 18, 2016
Sold by
El Mirage Investment Lllp
Bought by
Westwood Green Lllp
Seller's Agent
Jamie Canute
Orion Investment Real Estate
Buyer's Agent
Zack Mishkin
Orion Investment Real Estate
List Price
$220,000
Sold Price
$210,000
Premium/Discount to List
-$10,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.22%
Original Mortgage
$218,000
Interest Rate
3.65%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jan 23, 2016
Closed on
Mar 17, 2016
Sold by
Compton Christina A
Bought by
Ferenz Jeffrey
Seller's Agent
Jamie Canute
Orion Investment Real Estate
Buyer's Agent
Zack Mishkin
Orion Investment Real Estate
List Price
$220,000
Sold Price
$210,000
Premium/Discount to List
-$10,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Interest Rate
3.65%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jan 23, 2016
Closed on
Mar 13, 2016
Sold by
Ferenz Jeffrey
Bought by
Westwood Green Lllp
Seller's Agent
Jamie Canute
Orion Investment Real Estate
Buyer's Agent
Zack Mishkin
Orion Investment Real Estate
List Price
$220,000
Sold Price
$210,000
Premium/Discount to List
-$10,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Interest Rate
3.65%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 20, 2014
Sold by
Nokomis Llc
Bought by
Ferenz Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2008
Sold by
Ferenz Jeffrey A
Bought by
Nokomis Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
May 1, 2008
Sold by
Compton Christina Anne
Bought by
Ferenz Jeffrey A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2008
Sold by
Ruiz Jesus D
Bought by
Ferenz Jeffrey A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 1996
Sold by
Robbins David Leonard and Robbins Tina Heinemann
Bought by
Ruiz Jesus D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,612
Interest Rate
8.03%
Mortgage Type
FHA
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
Warranty Deed -- None Listed On Document
Warranty Deed $975,000 Wfg National Title Insurance C
Warranty Deed $625,000 American Title Svc Agcy Llc
Warranty Deed -- Empire West Title Agency
Quit Claim Deed -- Empire West Title Agency
Warranty Deed $210,000 Empire West Title Agency
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- First American Title Ins Co
Special Warranty Deed $220,000 First American Title Ins Co
Warranty Deed $96,500 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $731,250 New Conventional
Previous Owner $485,000 Future Advance Clause Open End Mortgage
Previous Owner $218,000 Future Advance Clause Open End Mortgage
Previous Owner $181,000 New Conventional
Previous Owner $192,500 Unknown
Previous Owner $154,000 Purchase Money Mortgage
Previous Owner $1,900 Unknown
Previous Owner $95,096 FHA
Previous Owner $95,612 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 For Sale $1,200,000 +23.1% --
08/19/2022 08/19/22 Sold $975,000 -2.5% $295 / Sq Ft
07/09/2022 07/09/22 Pending -- -- --
06/27/2022 06/27/22 Price Changed $1,000,000 -9.1% $303 / Sq Ft
06/06/2022 06/06/22 For Sale $1,100,000 0.0% $333 / Sq Ft
06/06/2022 06/06/22 Price Changed $1,100,000 +12.8% $333 / Sq Ft
06/02/2022 06/02/22 Off Market $975,000 -- --
05/25/2022 05/25/22 Price Changed $1,200,000 -5.9% $363 / Sq Ft
05/19/2022 05/19/22 Price Changed $1,275,000 -5.6% $386 / Sq Ft
05/13/2022 05/13/22 For Sale $1,350,000 0.0% $409 / Sq Ft
04/23/2022 04/23/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $1,350,000 0.0% $409 / Sq Ft
04/14/2022 04/14/22 Price Changed $1,350,000 +38.5% $409 / Sq Ft
04/11/2022 04/11/22 Off Market $975,000 -- --
04/05/2022 04/05/22 For Sale $1,295,000 +516.7% $392 / Sq Ft
03/22/2016 03/22/16 Sold $210,000 -4.5% $64 / Sq Ft
01/27/2016 01/27/16 Pending -- -- --
01/22/2016 01/22/16 For Sale $220,000 -- $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 $2,037 $16,235 -- --
2024 $1,968 $15,462 -- --
2023 $1,968 $62,110 $12,420 $49,690
2022 $1,957 $43,070 $8,610 $34,460
2021 $1,990 $36,300 $7,260 $29,040
2020 $1,940 $29,850 $5,970 $23,880
2019 $1,856 $25,560 $5,110 $20,450
2018 $1,795 $21,960 $4,390 $17,570
2017 $1,648 $19,330 $3,860 $15,470
2016 $1,589 $13,370 $2,600 $10,770
2015 $1,477 $15,350 $3,070 $12,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5387850

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-09-030A