NOT LISTED FOR SALE

507 E Ocotillo Rd Unit 16 Phoenix, AZ 85012

Alhambra Neighborhood

Estimated Value: $2,254,000 - $3,127,000

0.59 Acre
$4,759,503 Price per Acre
25,700 Sq Ft Lot

Last Sold July 10, 2014

Last sale price $625,000

Est. 349% increase in value since last sale

Current estimated payment $16,316/month

7 Days on Market

About This Lot

As of July 2014

RARE VACANT LOT IN NORTH CENTRAL CORRIDOR OVER HALF OF AN ACRE. PREVIOUS HOME CLEARED, LOT LEVELED AND READY FOR AN EXCEPTIONAL HOME. GREAT STREET OF LUXURY HOMES ON LARGE LOTS......ALSO A NEW BUILD HOME IS BEING OFFERED AT $2,225,000 ON THE STREET.

Last Agent to Sell the Property

Carol Gilbert

HomeSmart License #BR007533000 Listed on: 06/23/2014

HomeSmart

Last Buyer's Agent

Angela Terry

Call Realty, Inc. License #SA630237000

Call Realty, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,116

Lot Details

  • 0.59 Acre Lot
  • Block Wall Fence
  • Property is zoned R1-10

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
  • Miltons Groves Subdivision

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 161-19-025-A

Property Details

Property Type

Land

Est. Annual Taxes

$3,116

Lot Details

0

Listing Details

  • Cross Street: GLENDALE AND 7TH STREET
  • Property Type: Land
  • Zoning: R1-10
  • Tax Year: 2013
  • Directions: SOUTH ON 7TH STREET FROM GLENDALE TO OCOTILLO, WEST TO PROPERTY ON SOUTH SIDE OF STREET
  • Lot Size Acres: 0.59
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: MILTONS GROVES
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Fencing: Block
  • Lot Features: North/South Exp
  • Disclosures: None, Other (See Rmks)
  • 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
  • Middle Or Junior School: Madison Meadows School

Lot Info

  • Lot Size: 195 X 132
  • Lot Size Sq Ft: 25852.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 161-19-025-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3115.84
  • Tax Book Number: 161.00
  • Tax Lot: 16
  • Tax Map Number: 19.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2015
Sold by
Haak Mark and Haak Heather
Bought by
Haak Mark F and Haak Heather A
Current Estimated Value
$2,808,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,640,000
Interest Rate
3%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 23, 2014
Closed on
Jun 25, 2014
Sold by
Saint Johns University
Bought by
Haak Mark and Haak Heather
Seller's Agent
Carol Gilbert
HomeSmart
Buyer's Agent
Angela Terry
Call Realty, Inc.
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.34%
Original Mortgage
$468,750
Interest Rate
4.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 23, 2014
Closed on
May 29, 2014
Sold by
Ford John D and Ford Virginia B
Bought by
Saint John S University
Seller's Agent
Carol Gilbert
HomeSmart
Buyer's Agent
Angela Terry
Call Realty, Inc.
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Interest Rate
4.07%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Haak Mark F -- Accommodation
Haak Mark $625,000 Empire West Title Agency
Saint John S University -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haak Mark F $1,640,000
Closed Haak Mark $468,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2014 07/10/14 Sold $625,000 0.0% --
06/30/2014 06/30/14 Pending -- -- --
06/23/2014 06/23/14 For Sale $625,000 -- --
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 $17,830 $143,553 -- --
2024 $17,352 $136,717 -- --
2023 $17,352 $200,870 $40,170 $160,700
2022 $16,835 $148,050 $29,610 $118,440
2021 $16,981 $141,520 $28,300 $113,220
2020 $16,716 $146,110 $29,220 $116,890
2019 $16,348 $148,550 $29,710 $118,840
2018 $15,947 $132,210 $26,440 $105,770
2017 $15,196 $129,550 $25,910 $103,640
2016 $7,750 $64,320 $12,860 $51,460
2015 $3,700 $48,320 $48,320 $0
Source: Public Records

Agents Affiliated with this Home

  • Carol Gilbert

    Seller's Agent in 2014

    Carol Gilbert

    HomeSmart

    (602) 291-8807

    1 in this area

    18 Total Sales

    Carol Gilbert
    Section Image

  • A

    Buyer's Agent in 2014

    Angela Terry

    Call Realty, Inc.

    (602) 432-4288

    8 Total Sales

    Angela Terry
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5134683

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-19-025A

Arizona Maricopa County Phoenix 85012 Alhambra

507 E Ocotillo Rd Unit 16, Phoenix, AZ

This home is located at 507 E Ocotillo Rd Unit 16, Phoenix, AZ 85012 since 23 June 2014 and is currently estimated at $2,808,107. 507 E Ocotillo Rd Unit 16 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

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