1620 E OCOTILLO Road, Phoenix, AZ 85016 | 6369501 | HomeLogic Real Estate LLC

1620 E OCOTILLO Road $875,000

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    1620 E OCOTILLO Road Phoenix, AZ 85016

    UCB (Under Contract-Backups)
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    • 0.49 Acres
    • Land
    • MLS# 6369501
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    Views: 13 Days On Site: 65

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    Property Details

    GREAT CENTRAL LOCATION. R-3 ZONING ALLOWS FOR UP TO 9 DWELLING UNIT AND UP TO 3 STORIES. APPROVED IN 2006 FOR SIX, 3 STORY TOWN HOMES. PLANS HAVE EXPIRED, BUT ARE AVAILABLE TO BUYER AT NO COST. GREAT MOUNTAIN VIEWS, ESPECIALLY FROM 2ND AND 3RD FLOORS. ALSO PERFECT FOR A FAMILY COMPOUND, OR SINGLE FAMILY RESIDENCE WITH ADDITIONAL RENTAL UNITS.

    • General Features
      • Contingent Status UCB (Under Contract-Backups)
      • County Maricopa
      • Cross Street OCOTILLO AND 16TH STREET
      • Directions TAKE 16TH STREET TO OCOTILLO AND TURN EAST TO PROPERTY.
      • Existing Land Use Residential Lot
      • For Sale/Lease Sale
      • New Financing Cash,Conventional,No Carry
      • Potential Use Multi-Family,Single Family
      • Presently Zoned Multi-Family,Single Family
      • Special Listing Conditions N/A
      • Tax Year 2021
      • Taxes $1,300
      • Zoning R-3
    • Property Features
      • Apx. Total Acres1 0.49
      • Legal Info: Lot Number -
      • Electric APS
      • Fencing Block
      • Gas SW Gas
      • Land Features Mountain View(s),North/South Exp
      • Sewer Sewer - Public
      • Water City Franchise
    • Schools
      • Elementary School Madison #1 Elementary School
      • High School Camelback High School
      • Middle School Madison Heights Elementary School
      • School District 210 - Phoenix Union High School District

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    Neighborhood

    85016 (Phoenix) Demographics

    38 Median Age
    3,944 Population Density (per sq. mile)
    48% College Educated
    $60,085 Estimated Median Income
    7,769 Estimated Total Home Owners
    9,069 Estimated Total Renters
    46% / 54% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    35,930 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $497,500 Median Sales Price
    78 Homes Sold
    112 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $875,000
        3/28/2022 8:09:01 PM Status Changed Source: Multiple Listing Service New Value: UCB (Under Contract-Backups)
        3/16/2022 3:56:00 PM New in Database Source: Multiple Listing Service New Value: $875,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Data last updated 5/20/2022 6:42:30 AM. The ARMLS logo indicates a property listed by a real estate brokerage other than HomeLogic Real Estate LLC.

        All information should be verified by the recipient and none is guaranteed as accurate by ARMLS


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.