NOT LISTED FOR SALE

1225 E Campbell Ave Phoenix, AZ 85014

Camelback East Village Neighborhood

Estimated Value: $406,000 - $815,000

-- Bed
4 Baths
1,570 Sq Ft
$403/Sq Ft Est. Value

Last Sold October 06, 2014

Last sale price $299,000 $190 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $3,455/month

3 Days on Market

Highlights

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

About This Home

As of October 2014

They did it again! Outstanding 4 plex complete with 2 buildings in an excellent location with great visibility and schools. Main brick house is a 2 bedroom, 1 bathroom renting for $900/mo. Second building is a Triplex with 1 bedroom, 1 bathroom units renting at $600/mo. Entire property has been completely updated including all new wiring, plumbing, windows, roofing, AC units, and full cosmetic rehab. The owners completed each new unit with tile flooring throughout, all new cabinetry, and durable finishes; perfect for renters. All units are currently leased up and tenants begin moving in Sept 1st.

Last Agent to Sell the Property

David Benton

AXIS Real Estate License #SA578109000 Listed on: 08/27/2014

Last Buyer's Agent

Aaron Carter

Compass License #BR646960000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $977

Year Built

  • Built in 1960

Lot Details

  • 0.28

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 16
  • Assessor Parcel Number 155-08-019-B

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 120'x100'
  • Meadowbrook Subdivision

Building Details

  • Operating Expense $4,377
  • Gross Income $32,400
  • Net Operating Income $29,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$977

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 12th St & Campbell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1960
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Subdivision Name: MEADOWBROOK
  • Tax Parcel Letter: B
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Painted, Block, Brick
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2000.0

Lot Info

  • Lot Size: 120'x100'
  • Additional Parcels: No
  • Parcel #: 155-08-019-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 32400.0
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 29000.0
  • Annual Operating Expense: 4377.0

Tax Info

  • Tax Annual Amount: 977.0
  • Tax Book Number: 155.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2015
Sold by
Fisher Neil A
Bought by
Nest On Campbell Llc
Current Estimated Value
$633,269

Purchase Details

Listed on
Aug 27, 2014
Closed on
Sep 25, 2014
Sold by
Cherrypick Investments Llc
Bought by
Fisher Neil A
Seller's Agent
David Benton
AXIS Real Estate
Buyer's Agent
Aaron Carter
Cambridge Properties
List Price
$299,000
Sold Price
$299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$149,000
Interest Rate
4.07%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 26, 2013
Closed on
Apr 9, 2014
Sold by
Delgado Martin
Bought by
Cherry Pick Investments Llc
Seller's Agent
Shelby DiBiase
eXp Realty
Buyer's Agent
Patty LaBenske
HomeSmart
List Price
$149,000
Sold Price
$130,000
Premium/Discount to List
-$19,000
-12.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
536.56%

Purchase Details

Closed on
Mar 17, 2008
Sold by
Delgado Silvia
Bought by
Delgado Martin

Purchase Details

Closed on
Apr 28, 2005
Sold by
Shakarov Llc
Bought by
Delgado Martin and Delgado Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,900
Interest Rate
5.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2004
Sold by
Karr Bernie and Karr Ruth
Bought by
Shakarov Mark and Shakarov Bella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
8.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 5, 1998
Sold by
Kulkarni Yashavant V and Kulkarni Mukta Y
Bought by
Karr Bernie and Karr Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
6.79%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nest On Campbell Llc -- None Available
Fisher Neil A $299,000 North American Title Company
Cherry Pick Investments Llc $130,000 First Arizona Title Agency
Delgado Martin -- None Available
Delgado Martin $261,900 Guaranty Title Agency
Shakarov Mark $200,000 --
Shakarov Llc -- --
Karr Bernie $112,500 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fisher Neil A $149,000
Previous Owner Delgado Martin $161,900
Previous Owner Shakarov Mark $190,000
Previous Owner Karr Bernie $101,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/06/2014 10/06/14 Sold $299,000 0.0% $190 / Sq Ft
08/29/2014 08/29/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $299,000 +130.0% $190 / Sq Ft
04/24/2014 04/24/14 Sold $130,000 -12.8% $83 / Sq Ft View Prior Sale
04/02/2014 04/02/14 Pending -- -- --
11/26/2013 11/26/13 For Sale $149,000 -- $95 / 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 $1,638 $12,575 -- --
2024 $1,520 $11,977 -- --
2023 $1,520 $52,630 $10,520 $42,110
2022 $1,475 $37,730 $7,540 $30,190
2021 $1,488 $32,470 $6,490 $25,980
2020 $1,464 $26,160 $5,230 $20,930
2019 $1,432 $23,900 $4,780 $19,120
2018 $1,397 $20,750 $4,150 $16,600
2017 $1,331 $19,580 $3,910 $15,670
2016 $1,285 $15,160 $3,030 $12,130
2015 $1,194 $12,070 $2,410 $9,660
Source: Public Records

Agents Affiliated with this Home

  • David Benton

    Seller's Agent in 2014

    David Benton

    AXIS Real Estate

    (602) 478-6117

    8 in this area

    29 Total Sales

    David Benton
    Section Image
  • Shelby DiBiase

    Seller's Agent in 2014

    Shelby DiBiase

    eXp Realty

    (602) 330-1985

    4 in this area

    225 Total Sales

    Shelby DiBiase
    Section Image
  • Aaron Carter

    Buyer's Agent in 2014

    Aaron Carter

    Compass

    (480) 236-3103

    28 in this area

    144 Total Sales

    Aaron Carter
    Section Image
  • Patty LaBenske

    Buyer's Agent in 2014

    Patty LaBenske

    HomeSmart

    (602) 704-5109

    5 in this area

    103 Total Sales

    Patty LaBenske
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5163086

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-08-019B

Arizona Maricopa County Phoenix 85014 Camelback East Village

1225 E Campbell Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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