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2028 West Indian School Road

2028 West Indian School Road, Phoenix, AZ 85015
Property in Arrow Acres
Sold Oct 21, 2022
$37,000,000
$27,750,000 by New York Community Bank
Mortgage Due Nov 01, 2032
Sold Dec 07, 2005
$5,800,000
Local assessors in Phoenix, AZ have categorized 2028 West Indian School Road as a residential type of property. The home was built in 1971 and is 53 years old. The property's lot size has been calculated to be 195,632 square feet. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2028 West Indian School Road has a total of 123,473 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with tilt-up (pre-cast concrete) control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt and ply sheets in a built-up roof style. Lots of concrete block were used in the construction of the exterior walls of the home. Residents rely on a packaged air conditioning unit for their cooling system. The home's a heating system is the primary heating source. There are 2 fireplaces in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2028 West Indian School Road sold most recently in Oct 21, 2022 for a total of $37,000,000. If you work out the math, that's approximately a cost of $299.66 per sqft. Before that, the property was also sold for $5,800,000 in Dec 7, 2005. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $70,384 in taxes each year. 2028 West Indian School Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,324,050. If we break it down further, the land itself was valued at $464,810. Improvements to the property, however, were assessed at a total of $1,859,240. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 11
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Tilt-up (pre-cast concrete)
  • Exterior Walls Type: Concrete block
  • Roof Cover Type: Built-up
  • Floor Count: 3
  • Living Units: 236
  • Business/Commerical Units Count: 159
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 195,632
  • Total Building Area: 123,473
  • Gross Building Area: 123,473
  • Building Area: 123,473
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 2
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 123,473
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ARROW ACRES TRACT A
  • Land Acres: 4.491
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: ARROW ACRES TRACT A MCR 11/37

Ownership

  • Current Owner : PRISM ISR LP
  • Previous Owner : FLATS AT 2030 LLC
  • Owner Before Previous Owner: INDIAN SCHOOL ASSOCIATES LP
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Alhambra Elementary District
  • Census Tract: 109003

Zoning

  • Zoning: M-H

Geography

  • Assessors Map Reference: 1137
  • Subdivision Tract Number: A
  • Parcel: 154-31-016-A
  • Block: EX
  • Meridian: SEC 24 TWN 2N RNG 2E
  • Municipality: PHOENIX
  • Latitude: 33.4961
  • Longitude: -112.104

    Address

  • Full Address: 2028 W Indian School Rd
  • Address - House Number: 2028
  • Street Direction: W
  • Address - Street Name: Indian School
  • Address - Suffix Type: Rd
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C007
  • 4-Digit Zip Code: 5018
  • Zip Code: 85015

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $70,384
  • Tax Rate Code Area: 681300

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $27,750,000
  • First Open Lien Mortgage Lender: NEW YORK COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Oct 21, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $27,750,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2032

    Market Valuation

  • Market Total Value: $23,240,500
  • Market Land Value: $4,648,100
  • Market Improvement Value: $18,592,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,324,050
  • Assessed Land Value: $464,810
  • Assessed Improvements Value: $1,859,240

    Sales

  • Current Sale Contract Date: Oct 21, 2022
  • Current Sale Recording Date: Oct 21, 2022
  • Current Sale Transaction ID: 11897722381
  • Current Sale Price: $37,000,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 792268
  • Previous Sale Recording Date: Dec 07, 2005
  • Previous Sale Contract Date: Dec 07, 2005
  • Previous Sale Amount: $5,800,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEW YORK COMMUNITY BANK
  • First Mortgage Transaction Date: Oct 21, 2022
  • First Mortgage Loan Amount: $27,750,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2032

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Loan Type: Assumption

About Encanto



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Frequently Asked Questions

What neighborhood is 2028 West Indian School Road located in?
The 2028 West Indian School Road is a located in the neighborhood of Arrow Acres in Encanto, Phoenix.
What is the average sales price for listings in 2028 West Indian School Road?
The average sales price for units in 2028 West Indian School Road is $0 currently.

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