NOT LISTED FOR SALE

Estimated Value: $550,791 - $992,000

-- Bed
-- Bath
3,415 Sq Ft
$250/Sq Ft Est. Value

Last Sold December 22, 2017

Last sale price $299,000 $88 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $4,707/month

47 Days on Market

Highlights

  • Cooling Available
  • Community Playground
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of December 2017

IF YOU ARE LOOKING FOR AN INCOME PROPERTY WITH POTENTIAL OF RENT INCREASE, THEN LOOK NO FURTHER. CURRENT OWNER HAS DONE EXTENSIVE UP GRATING INCLUDING NEW KITCHENS AND CERAMIC TILE ON ALL FOUR UNITS.

Last Agent to Sell the Property

Noe Jimenez

West USA Realty License #SA104421000 Listed on: 09/30/2017

West USA Realty

Last Buyer's Agent

Marco Zazueta

West USA Realty License #SA565538000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,558

Year Built

  • Built in 1950

Lot Details

  • 0.27

Home Design

  • Brick Exterior Construction
  • Composition Roof

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Osborn Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 36 / 1
  • Assessor Parcel Number 110-09-035

Community Details

Overview

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

Recreation

  • Community Playground

Building Details

  • Operating Expense $6,904
  • Gross Income $27,018
  • Net Operating Income $23,094

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,558

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: 15TH AVE. AND OSBORN RD.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Year Built: 1950
  • Tax Year: 2016
  • Directions: NORTH OF THOMAS RD. ON 15TH AVE. JUST PASS OSBORN RD. PROPERTY IS ON THE WEST SIDE OF THE STREET.
  • Road Surface Type: Alley
  • Subdivision Name: WESTWOOD TERRACE
  • Construction Brick: Yes
  • 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: Brick Veneer, Brick
  • Roof: Composition

Garage/Parking

  • 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:Street Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Water Sewer Expense: 3718.0

Schools

  • Elementary School: Osborn Middle School
  • High School: Central High School
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 11900
  • Additional Parcels: No
  • Parcel #: 110-09-035

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 27018.0
  • Insurance Expense: 1128.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 23094.0
  • Annual Operating Expense: 6904.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1558.0
  • Tax Block: 1
  • Tax Book Number: 110.00
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2017
Closed on
Nov 16, 2017
Sold by
Gomez Fabelo Jorge
Bought by
Torre Leonel Garcia De La and Garcia Leticia
Seller's Agent
Noe Jimenez
West USA Realty
Buyer's Agent
Marco Zazueta
West USA Realty
List Price
$299,900
Sold Price
$299,000
Premium/Discount to List
-$900
-0.3%
Current Estimated Value
$852,198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$553,198
Avg. Annual Appreciation
12.88%
Original Mortgage
$293,584
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 21, 2012
Sold by
Velazquez Saul and Velazquez Maria
Bought by
Gomez Fabelo Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,373
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 25, 2011
Sold by
Wong Edwin N C
Bought by
Wong Edwin N C and Tran Dinh B

Purchase Details

Closed on
May 25, 2010
Sold by
Wong Barbara J
Bought by
Wong Edwin N C

Purchase Details

Closed on
Jan 4, 2010
Sold by
Winn Hoem
Bought by
Us Bank National Association

Purchase Details

Closed on
Jul 22, 2004
Sold by
Velazquez Saul and Velazquez Santiago E
Bought by
Velazquez Saul and Velazquez Maria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,500
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2004
Sold by
Winn Marina
Bought by
Winn Hoem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 8, 2000
Sold by
Velazquez Maria M
Bought by
Velazquez Saul

Purchase Details

Closed on
Aug 1, 2000
Sold by
Piwowarski Bogdan and Piwowarski Theresa
Bought by
Velazquez Saul and Velazquez Antonio
Source: Public Records

Range of Values:

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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
Torre Leonel Garcia De La $299,000 First American Title Insuran
Gomez Fabelo Jorge $145,000 American Title Service Agenc
Wong Edwin N C -- Accommodation
Wong Edwin N C -- Title One Agency Inc
Dinh Tran -- Title One Agency Inc
Us Bank National Association $97,500 Great American Title Agency
Velazquez Saul -- --
Winn Hoem -- --
Winn Hoem -- --
Velazquez Saul -- American Title Insurance
Velazquez Saul $119,900 American Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dela Torre Leonel Garcia $288,429
Closed Torre Leonel Garcia De La $293,584
Previous Owner Gomez Fabelo Jorge $142,373
Previous Owner Velazquez Saul $154,500
Previous Owner Winn Hoem $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2017 12/22/17 Sold $299,000 -0.3% $88 / Sq Ft
11/15/2017 11/15/17 Pending -- -- --
10/18/2017 10/18/17 For Sale $299,900 0.0% $88 / Sq Ft
10/06/2017 10/06/17 Pending -- -- --
09/29/2017 09/29/17 For Sale $299,900 -- $88 / 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 $1,998 $15,919 -- --
2024 $1,930 $15,161 -- --
2023 $1,930 $66,050 $13,210 $52,840
2022 $1,919 $45,030 $9,000 $36,030
2021 $1,952 $38,380 $7,670 $30,710
2020 $1,902 $31,280 $6,250 $25,030
2019 $1,820 $26,530 $5,300 $21,230
2018 $1,760 $20,600 $4,120 $16,480
2017 $1,615 $19,230 $3,840 $15,390
2016 $1,558 $16,960 $3,390 $13,570
2015 $1,449 $15,260 $3,050 $12,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5667173

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-09-035