NOT LISTED FOR SALE

527 E Ocotillo Rd Unit 14 Phoenix, AZ 85012

Alhambra Neighborhood

Estimated Value: $2,250,000 - $3,969,000

0.42 Acre
$7,836,781 Price per Acre
18,295 Sq Ft Lot

Last Sold March 19, 2021

Last sale price $775,000

Est. 325% increase in value since last sale

Current estimated payment $17,744/month

1 Day on Market

About This Lot

As of March 2021

Tear down just a lot, best street in central corridor property sold AS-IS.

Last Agent to Sell the Property

Bill Rimsza

Rimsza Realty License #BR023443000 Listed on: 03/04/2021

Last Buyer's Agent

Brittany Celaya

My Home Group Real Estate License #SA646366000

My Home Group Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,093

Lot Details

  • 0.42 Acre Lot
  • Property is zoned R10

Schools

  • Madison Meadows Elementary School
  • Madison Richard Simis Middle School

Community Details

  • No Home Owners Association
  • Miltons Groves Lots 1 10 Subdivision

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 161-19-023

Property Details

Property Type

Land

Est. Annual Taxes

$4,093

Lot Details

0

Listing Details

  • Cross Street: 7TH STREET /GLENDALE
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: R10
  • Tax Year: 2020
  • Lot Size Acres: 0.42
  • Subdivision Name: MILTONS GROVES LOTS 1-10
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Disclosures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise, Irrigation Pipe

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Madison Meadows School
  • Middle Or Junior School: Madison Richard Simis School

Lot Info

  • Lot Size: 87x195
  • Lot Size Sq Ft: 18243.0
  • Additional Parcels: No
  • Parcel #: 161-19-023
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4093.0
  • Tax Book Number: 161.00
  • Tax Lot: 14
  • Tax Map Number: 19.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2024
Sold by
Canal Homes Llc
Bought by
Naranjo Jerry
Current Estimated Value
$3,291,448

Purchase Details

Listed on
Mar 4, 2021
Closed on
Mar 12, 2021
Sold by
Ocotillo Orchard Llc
Bought by
Canal Homes Llc
Seller's Agent
Bill Rimsza
Rimsza Realty
Buyer's Agent
Brittany Celaya
My Home Group Real Estate
List Price
$750,000
Sold Price
$775,000
Premium/Discount to List
$25,000
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
37.35%
Original Mortgage
$1,312,500
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 3, 2020
Sold by
Clark John T and The Rrc Trust
Bought by
Ocotillo Orchard Llc

Purchase Details

Closed on
Aug 12, 2009
Sold by
Clark Richard R
Bought by
Clark Richard R and The Rrc Trust
Source: Public Records

Range of Values:

Collateral Analytics

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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
Naranjo Jerry $3,250,000 Navi Title Agency
Klarer Brion $3,250,000 Navi Title Agency
Canal Homes Llc $775,000 Navi Title Agency Pllc
Ocotillo Orchard Llc $600,000 Stewart Ttl & Tr Of Phoenix
Clark Richard R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Canal Homes Llc $1,312,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $775,000 +3.3% --
03/05/2021 03/05/21 Pending -- -- --
03/04/2021 03/04/21 For Sale $750,000 -- --
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 $3,517 $28,319 $28,319 --
2024 $5,073 $26,970 $26,970 --
2023 $5,073 $81,000 $81,000 $0
2022 $4,122 $42,050 $8,410 $33,640
2021 $4,158 $38,710 $7,740 $30,970
2020 $4,093 $38,870 $7,770 $31,100
2019 $3,533 $34,470 $6,890 $27,580
2018 $3,441 $31,860 $6,370 $25,490
2017 $3,266 $31,260 $6,250 $25,010
2016 $3,148 $28,880 $5,770 $23,110
2015 $2,929 $25,430 $5,080 $20,350
Source: Public Records

Agents Affiliated with this Home

  • Bill Rimsza

    Seller's Agent in 2021

    Bill Rimsza

    Rimsza Realty

    (602) 410-5652

    3 in this area

    30 Total Sales

    Bill Rimsza
    Section Image
  • Brittany Celaya

    Buyer's Agent in 2021

    Brittany Celaya

    My Home Group

    (602) 653-0375

    8 in this area

    116 Total Sales

    Brittany Celaya
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6202298

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-19-023

Arizona Maricopa County Phoenix 85012 Alhambra

527 E Ocotillo Rd Unit 14, Phoenix, AZ

This home is located at 527 E Ocotillo Rd Unit 14, Phoenix, AZ 85012 since 04 March 2021 and is currently estimated at $3,291,448. 527 E Ocotillo Rd Unit 14 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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