NOT LISTED FOR SALE

1249 E Ocotillo Rd Phoenix, AZ 85014

Camelback East Village Neighborhood

Estimated Value: $561,636 - $1,156,000

-- Bed
-- Bath
2,480 Sq Ft
$375/Sq Ft Est. Value

Last Sold June 14, 2016

Last sale price $274,224 $111 Per Sq Ft

Est. 240% increase in value since last sale

Current estimated payment $5,438/month

5 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Concrete Flooring
  • Heating Available
  • Madison Richard Simis School Rated A-

About This Home

As of June 2016

Wow seller is motivated bring your offer's now!!!! This is a great value add building in such an amazing location!!!! All block construction all have central a/c. Long term tenants. One vacant 2 bedroom unit where tenant just moved out had been there 20 plus years. The one bedroom unit is on a month to month lease at $600.00 and the other 2 bedroom 1 bath unit rented for $675.00 for over 13 years. Rent's way below market could be raised to 750 in current condition. Nice size carport and courtyard. All facts and figures are approximate buyer verify info.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 05/11/2016

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Elias Dabdoub

FSR Realty License #SA660865000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,908

Year Built

  • Built in 1958

Lot Details

  • 10,454

Home Design

  • Tile Roof
  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 161-07-082

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 70x146

Building Details

  • Gross Income $24,510
  • Net Operating Income $16,602

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,908

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MultiUnit
  • Number Of Buildings: 2
  • Year Built: 1958
  • Mobile Home Prk Info Total Number Spaces: 3
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 1300.0

Lot Info

  • Lot Size: 70x146
  • Additional Parcels: No
  • Parcel #: 161-07-082

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 24510.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 16602.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1908.0
  • Tax Book Number: 161.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2020
Sold by
Schmieder Joseph and Schmieder Nancy
Bought by
Schmieder Kristen
Total Days on Market
5
Current Estimated Value
$931,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Outstanding Balance
$265,018
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$646,035

Purchase Details

Listed on
May 11, 2016
Closed on
Jun 9, 2016
Sold by
Tuckson Llc
Bought by
Schmieder Joseph and Schmieder Nancy
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Elias Dabdoub
FSR Realty
List Price
$290,000
Sold Price
$274,224
Premium/Discount to List
-$15,776
-5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.29%

Purchase Details

Closed on
Dec 12, 2013
Sold by
Mcminn Ellen F
Bought by
Tuckson Llc

Purchase Details

Closed on
Aug 5, 2010
Sold by
Mcminn Ellen F
Bought by
Mcminn Ellen F and Ellen F Mcminn Revocable Trust

Purchase Details

Closed on
Nov 18, 1997
Sold by
Carlaftes Jennifer
Bought by
Mcminn Ellen F

Purchase Details

Closed on
Jul 17, 1995
Sold by
Balzano Marie J
Bought by
Mcminn Ellen F and Carlaftes Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,176
Interest Rate
7.61%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Schmieder Kristen $392,000 Roc Title Agency Llc
Schmieder Joseph $274,224 First Arizona Title Agency
Tuckson Llc -- None Available
Mcminn Ellen F -- None Available
Mcminn Ellen F -- --
Mcminn Ellen F $128,500 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmieder Kristen $294,000
Previous Owner Mcminn Ellen F $197,490
Previous Owner Mcminn Ellen F $210,000
Previous Owner Mcminn Ellen F $126,176
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2016 06/14/16 Sold $274,224 -5.4% $111 / Sq Ft
05/16/2016 05/16/16 Pending -- -- --
05/11/2016 05/11/16 For Sale $290,000 -- $117 / 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 $2,536 $20,102 -- --
2024 $2,469 $19,145 -- --
2023 $2,469 $56,930 $11,380 $45,550
2022 $2,387 $45,150 $9,030 $36,120
2021 $2,408 $39,700 $7,940 $31,760
2020 $2,341 $33,180 $6,630 $26,550
2019 $2,289 $28,010 $5,600 $22,410
2018 $2,233 $24,810 $4,960 $19,850
2017 $2,128 $22,160 $4,430 $17,730
2016 $2,054 $18,930 $3,780 $15,150
2015 $1,908 $18,030 $3,600 $14,430
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2016

    Sophia Baron

    Grace CRE

    (480) 375-0227

    1 in this area

    98 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2016

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Baylee Estrada
    Section Image

  • E

    Buyer's Agent in 2016

    Elias Dabdoub

    FSR Realty

    (520) 861-1851

    2 Total Sales

    Elias Dabdoub
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5441406

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-07-082

Arizona Maricopa County Phoenix 85014 Camelback East Village

1249 E Ocotillo Rd, Phoenix, AZ

This home is located at 1249 E Ocotillo Rd, Phoenix, AZ 85014 since 11 May 2016 and is currently estimated at $931,159, approximately $375 per square foot. This property was built in 1958. 1249 E Ocotillo Rd is a home located in Maricopa County with nearby schools including Madison Richard Simis School, Madison Meadows School, and Phoenix Coding Academy.

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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