NOT LISTED FOR SALE

1302 E Vista Ave Phoenix, AZ 85020

Camelback East Village Neighborhood

Estimated Value: $824,000 - $1,193,153

4 Beds
4 Baths
2,760 Sq Ft
$354/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $1,230,000 $446 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $5,271/month

47 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Madison Heights Elementary School Rated A-
  • Ceiling Fan

About This Home

As of July 2022

With the level of remodel that is underway now and the new rental comps to be in the 1600-1700 range, this is an opportunity to own in the North Central Phoenix corridor. All two bedrooms with new everything. See the list of capital improvements but it is an over the top remodel. Tours can be arranged through the listing agent. This is still under construction and most of these will go to contract before finished. Inspections will not start until reno is done. Next door is another one-own 8 units w/residential financing. Buyer to verify all Facts and Figures.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 02/11/2022

Last Buyer's Agent

Linda CCIM

Stephen Magee Int'l Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,706

Year Built

  • Built in 1973

Lot Details

  • 0.3

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 10 Parking Spaces
  • Carport
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 16
  • Assessor Parcel Number 160-22-120

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Mission Viejo Section 3 Subdivision

Building Details

  • Operating Expense $12,838
  • Gross Income $83,808
  • Net Operating Income $70,970

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,706

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: 16th Street & Northern
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6705.0
  • Subdivision Name: MISSION VIEJO SECTION 3
  • Cooling:Ceiling Fan(s): Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Carport: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Security Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2200.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 160-22-120

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 83808.0
  • Insurance Expense: 1227.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 70970.0
  • Annual Operating Expense: 12838.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1706.0
  • Tax Book Number: 160.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2024
Sold by
Gallo Frank and Belke-Gallo Becky
Bought by
Frank Gallo And Becky Gallo Family Trust and Gallo
Current Estimated Value
$976,038

Purchase Details

Listed on
Feb 11, 2022
Closed on
Jun 26, 2022
Sold by
Hinterland Enterprises Llc
Bought by
Gallo Vincent and Gallo Frank
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$1,250,000
Sold Price
$1,230,000
Premium/Discount to List
-$20,000
-1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.43%
Original Mortgage
$1,045,500
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 26, 2021
Closed on
Jan 27, 2022
Sold by
Mertens Nicholas and Mertens Emily
Bought by
Hinterland Enterprises Llc
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$660,000
Sold Price
$660,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
265.81%
Original Mortgage
$495,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 26, 2021
Closed on
Dec 31, 2021
Sold by
Michael J Hesse Living Trust and Hesse Michael J
Bought by
Mertens Nicholas and Mertens Emily A
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$660,000
Sold Price
$660,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2021
Sold by
Hesse Michael J
Bought by
Hesse Michael J and Michael J Hesse Living Trust

Purchase Details

Closed on
Apr 2, 2018
Sold by
Ostler Creg Donald and The Ostler Family Revocable Li
Bought by
Hesse Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2010
Sold by
Ruth Michelle A
Bought by
The Ostler Family Revocable Trust

Purchase Details

Closed on
Jul 19, 2006
Sold by
Ruth Michelle
Bought by
Buono Vita Properties Iv Llc

Purchase Details

Closed on
Jan 31, 2006
Sold by
Ruth Carl A
Bought by
Ruth Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2005
Sold by
Cho Fong K and Pitts Weglarz John M
Bought by
Ruth Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 2005
Sold by
Palm Lane #50 Llc
Bought by
Pitts Weglarz John M and Morin Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Interest Rate
7.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2004
Sold by
Jones William D
Bought by
Palm Lane #50 Llc

Purchase Details

Closed on
Jun 4, 2004
Sold by
Sutton Judith Lynn
Bought by
Jones William D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 2, 2004
Sold by
Vukcevich John
Bought by
Jones William D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 28, 1996
Sold by
Vukcevich Michele
Bought by
Vukcevich John

Purchase Details

Closed on
Aug 23, 1994
Sold by
Soety Leon A
Bought by
Vukcevich John S and Vukcevich Michele R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Frank Gallo And Becky Gallo Family Trust -- None Listed On Document
Gallo Vincent $1,230,000 New Title Company Name
Hinterland Enterprises Llc -- Empire West Title
Mertens Nicholas $660,000 Empire West Title
Hesse Michael J -- None Available
Hesse Michael J -- None Available
Hesse Michael $285,000 Empire West Title Agency Llc
The Ostler Family Revocable Trust $106,000 None Available
Buono Vita Properties Iv Llc -- None Available
Ruth Michelle A -- Chicago Title Insurance Co
Ruth Michelle A -- Chicago Title Insurance Co
Pitts Weglarz John M $262,000 Chicago Title Insurance Co
Palm Lane #50 Llc -- --
Jones William D -- Chicago Title Insurance Co
Jones William D $225,000 Chicago Title Insurance Co
Vukcevich John -- --
Vukcevich John S $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallo Vincent $1,045,500
Previous Owner Mertens Nicholas $495,000
Previous Owner Hesse Michael $213,750
Previous Owner Ruth Michelle A $292,000
Previous Owner Ruth Michelle A $36,500
Previous Owner Pitts Weglarz John M $209,600
Previous Owner Jones William D $168,750
Previous Owner Jones William D $168,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2022 07/01/22 Sold $1,230,000 -1.6% $446 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
02/20/2022 02/20/22 For Sale $1,250,000 0.0% $453 / Sq Ft
02/11/2022 02/11/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $1,250,000 +89.4% $453 / Sq Ft
01/05/2022 01/05/22 Sold $660,000 0.0% $239 / Sq Ft View Prior Sale
10/26/2021 10/26/21 Pending -- -- --
10/26/2021 10/26/21 For Sale $660,000 -- $239 / 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 $1,878 $14,418 -- --
2024 $1,743 $13,732 -- --
2023 $1,743 $57,350 $11,470 $45,880
2022 $1,691 $38,770 $7,750 $31,020
2021 $1,706 $35,970 $7,190 $28,780
2020 $1,679 $28,580 $5,710 $22,870
2019 $1,642 $24,850 $4,970 $19,880
2018 $1,602 $21,410 $4,280 $17,130
2017 $1,526 $17,620 $3,520 $14,100
2016 $1,474 $15,120 $3,020 $12,100
2015 $1,369 $13,100 $2,620 $10,480
Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2022

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    18 in this area

    114 Total Sales

    Linda Gerchick
    Section Image

  • L

    Buyer's Agent in 2022

    Linda CCIM

    Stephen Magee Int'l Properties

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6354251

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-22-120

Arizona Maricopa County Phoenix 85020 Camelback East Village

1302 E Vista 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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