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Phoenix 85015 Westwood Terrace
3432 N 16TH Drive
Photo of 3432 N 16TH Drive
Sold on Jun 8, 2020

20

Map

Photo of 3432 N 16TH Drive
Photo of 3432 N 16TH Drive
$365,000
● House - Off Market

3432 N 16TH Drive

Phoenix, AZ 85015
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,837 Ft²
$541,197
RealtyHop Estimate
52.45%
Since Jul 1, 2020
AZ-Phoenix
Primary Model

About This Property

VACANT!! Come see this spacious four bedroom home in Westwood Terrace!  This home offers fresh interior paint, a new electrical panel, and new carpet.  Cozy up with the fireplace in the living room.  The kitchen features updated cabinetry and stainless steel appliances.  Split master floorplan for added privacy.  The backyard oasis boasts an outdoor fireplace under a covered patio, spacious grass area and a sparkling pool.  Close to shopping, schools, and downtown Phoenix.  View today!
Unit Size
1,837 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$193
Property Type
House
Property Taxes
$122
HOA Dues
-
Year Built
1952

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (ARMLS #6068197)

Price History

Date / Event Date Event Price
Jun 9, 2020 Sold
Premium
Sold
Apr 20, 2020 Listed by OfferPad Brokerage, LLC $355,000
Listed by OfferPad Brokerage, LLC
Mar 27, 2020 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 4
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 11,835
  • Total Building Area: 1,837
  • Gross Building Area: 1,837
  • Building Area: 1,837
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,837
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTWOOD TERRACE
  • Land Acres: 0000000272
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: WESTWOOD TERRACE MCR 46/16

Neighborhood

  • School District Name: Phoenix Union High School District
  • Census Tract: 110400

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 4616
  • Parcel: 110-15-077
  • Block: 8
  • Lot: 3
  • Meridian: SEC 30 TWN 2N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.489
  • Longitude: -112.095

    Address

  • Full Address: 3432 N 16th Dr
  • Address - House Number: 3432
  • Street Direction: N
  • Address - Street Name: 16th
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C026
  • 4-Digit Zip Code: 5548
  • Zip Code: 85015

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $154,282
  • Tax Rate Code Area: 081300

    Appraisal Valuation

  • Standard Deviation: 0.149
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 81
  • Final Value: 557,068
  • High Value: 640,095
  • Low Value: 474,041

    Market Valuation

  • Market Total Value: $385,100
  • Market Land Value: $77,000
  • Market Improvement Value: $308,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,510
  • Assessed Land Value: $7,700
  • Assessed Improvements Value: $30,810

    Sales

  • Current Sale Contract Date: May 15, 2020
  • Current Sale Recording Date: Jun 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200494503
  • Previous Sale Recording Date: Mar 27, 2020
  • Previous Sale Contract Date: Aug 12, 2019
  • Previous Sale Amount: $335,144
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Encanto

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$343

Below Asking

0.03%

Average Days on Market

99

Average Home Size

2332 ft²

Average Home Age

58.9 years

Currently For Sale

262 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 38 W Vernon Avenue, Phoenix, AZ, 85003

$5,500 /mo

  • 4 Beds
  • 3 Baths
  • 3,095 ft²
38 W Vernon Avenue, Phoenix, AZ, 85003 Listing by Stephanie Bray
Unit for rent at 537 E Willetta Street, Phoenix, AZ, 85004

$2,300 /mo

  • 1 Bed
  • 1 Bath
  • 1,134 ft²
537 E Willetta Street #4, Phoenix, AZ, 85004 Listing by Tatum Adams
Unit for rent at 60 E Hoover Avenue, Phoenix, AZ, 85004

$3,195 /mo

  • 2 Beds
  • 2 Baths
  • 1,276 ft²
60 E Hoover Avenue, Phoenix, AZ, 85004 Listing by Kelly Martin

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Derek Dickson, OfferPad Brokerage, LLC
Last Updated: 4 months ago
Data Source: ARMLS, MLS# 6068197
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 3432 North 16th Drive built and last sold?
The property at 3432 North 16th Drive was built in 1952 and last sold on May 15, 2020 for $365,000.
How much is this home worth?
The estimated value of the home located at 3432 North 16th Drive is $372,328.
What are some comparable homes to 3432 North 16th Drive?
There are currently no comparable homes to 3432 North 16th Drive.
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