NOT LISTED FOR SALE

Estimated Value: $723,000 - $939,000

-- Bed
-- Bath
5,625 Sq Ft
$146/Sq Ft Est. Value

Last Sold June 03, 2017

Last sale price $725,000 $129 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,809/month

2 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of June 2017

Wonderful 7 unit apartment set up, nicely maintained and fully rented. Upgraded electrical service, new windows throughout, new roofs, automatic sprinkler timer, park grills, Lots of tile/concrete floors, individual storage space, 2 car garage, and plenty of other parking. All units have tile throughout, and newer cabinets in the kitchens and bathrooms. Property sits next to college just a half mile form light rail. Units fill FAST, demand is sky high in the area. Rents currently under market.

Last Agent to Sell the Property

Nathan Wadsworth

LRA Real Estate Group, LLC License #SA644689000 Listed on: 04/02/2017

Last Buyer's Agent

Tiffany McGill

MCG Realty License #BR115598000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,016

Year Built

  • Built in 1952

Lot Details

  • 10,280

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 3 Open Parking Spaces
  • 10 Parking Spaces
  • 7 Covered Spaces
  • Common or Shared Parking

Schools

  • Encanto Elementary School
  • Osborn Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 110-13-136

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are irr
  • North Park Central Unit 4 Subdivision

Building Details

  • Operating Expense $13,116
  • Gross Income $60,990
  • Net Operating Income $49,890

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,016

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Cross Street: 7th Avenue and Osborn
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Year Built: 1952
  • Tax Year: 2668
  • Directions: West on Osborn past 7th Ave. Property on North side of Osborn
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTH PARK CENTRAL UNIT 4
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 7.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 7.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 10.0
  • Garage Details: Yes
  • Parking:Carport: Yes

Utilities

  • Electric: APS, Submetered System, Individual Meter
  • Cooling: Heat Pump
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

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

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 110-13-136

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 7
  • Annual Gross Income: 60990.0
  • Insurance Expense: 4000.0
  • Maintenance Expense: 3500.0
  • Property Net Operating Income: 49890.0
  • Annual Operating Expense: 13116.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2016.0
  • Tax Book Number: 110.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2024
Sold by
Blair Management Holdings Llc
Bought by
Fox Az Osborn Llc
Current Estimated Value
$836,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$990,719
Interest Rate
6.49%
Mortgage Type
Construction
Estimated Equity
-$168,719

Purchase Details

Closed on
Apr 19, 2021
Sold by
Falcon Partners Llc
Bought by
Blair Management Holdings Llc

Purchase Details

Closed on
Apr 14, 2021
Sold by
Falcon Partners Llc
Bought by
Blair Management Holdings Llc

Purchase Details

Listed on
Apr 2, 2017
Closed on
Jul 28, 2017
Sold by
Laycock Brett and Tveit Michael
Bought by
Falcon Partners Llc
Seller's Agent
Nathan Wadsworth
LRA Real Estate Group, LLC
Buyer's Agent
Tiffany McGill
MCG Realty
List Price
$725,000
Sold Price
$725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.55%
Original Mortgage
$262,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2017
Closed on
Jun 7, 2017
Sold by
Capital Group Llc
Bought by
Laycock Brett and Tveit Michael
Seller's Agent
Nathan Wadsworth
LRA Real Estate Group, LLC
Buyer's Agent
Tiffany McGill
MCG Realty
List Price
$725,000
Sold Price
$725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2013
Sold by
Doran John David
Bought by
Shabra Daniel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
3.33%
Mortgage Type
Purchase Money Mortgage
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
Fox Az Osborn Llc $850,000 Commonwealth Land Title
Blair Management Holdings Llc $725,000 Pioneer Title
Blair Management Holdings Llc $725,000 Pioneer Title
Falcon Partners Llc -- Thomas Title & Escrow
Laycock Brett $337,500 Thomas Title & Escrow
Shabra Daniel L $126,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fox Az Osborn Llc $1,000,000
Previous Owner Laycock Brett $262,500
Previous Owner Capital Group Llc $125,000
Previous Owner Shabra Daniel L $43,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2017 06/03/17 Sold $725,000 0.0% $129 / Sq Ft
04/02/2017 04/02/17 For Sale $725,000 -- $129 / 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 $2,738 $21,816 -- --
2024 $2,645 $20,777 -- --
2023 $2,645 $50,660 $10,130 $40,530
2022 $2,630 $31,470 $6,290 $25,180
2021 $2,675 $27,520 $5,500 $22,020
2020 $2,607 $23,670 $4,730 $18,940
2019 $2,494 $22,610 $4,520 $18,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5584456

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-13-137A