NOT LISTED FOR SALE

1321 N 48th Place Phoenix, AZ 85008

Camelback East Village Neighborhood

Estimated Value: $426,036 - $867,000

-- Bed
-- Bath
2,713 Sq Ft
$240/Sq Ft Est. Value

Last Sold July 24, 2015

Last sale price $154,000 $57 Per Sq Ft

Est. 379% increase in value since last sale

Current estimated payment $4,114/month

25 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of July 2015

Beautifully maintained four plex in Phoenix is located ideally in a cul-de-sac with plenty of parking! This is an amazing investment opportunity with great potential. The property boasts three 2-bedroom units and one 1-Bedroom unit, block construction, ceramic tile flooring, and additional recent updates to two of the vacant units. Easy access to freeways and right across the way from Brunson Lee Elementary School makes these units highly sought after. See document section for additional information on property. Currently monthly rent for each unit is $575. Annual Rent roll, Leases and additional updated information to come soon from the current property management company!

Last Agent to Sell the Property

Fred Weaver Iv

eXp Realty License #SA554039000 Listed on: 05/29/2015

eXp Realty

Co-Listed By

Kevin Kauffman

eXp Realty License #SA584080000

Last Buyer's Agent

Monica Coker

HomeSmart License #SA641419000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $845

Year Built

  • Built in 1960

Lot Details

  • 8,625

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Schools

  • Basha Elementary School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, cable TV
  • The owner pays for water, sewer
  • Tax Lot 47
  • Assessor Parcel Number 125-13-092-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8640
  • Palomino Estates Subdivision

Building Details

  • Operating Expense $845

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$845

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 48th St & McDowell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2014
  • Directions: Head East on McDowell, South on 48th St, East on Culver, North on 48th Place.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: kwrp004
  • Co List Office Phone: 602-492-4610
  • Subdivision Name: PALOMINO ESTATES
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric
  • 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

Schools

  • Elementary School: Basha Elementary
  • Junior High Dist: Buckeye Union High School District

Lot Info

  • Lot Size: 8640
  • Additional Parcels: No
  • Parcel #: 125-13-092-A

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Trash Collection, Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 845.0

Tax Info

  • Tax Annual Amount: 845.0
  • Tax Book Number: 125.00
  • Tax Lot: 47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2021
Sold by
Coker Monica and Coker Eduardo L
Bought by
Coker Eduardo and Coker Monica
Current Estimated Value
$737,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Outstanding Balance
$166,433
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$485,246

Purchase Details

Listed on
May 29, 2015
Closed on
Aug 7, 2015
Sold by
Pensco Trust Company
Bought by
Coker Eduardo L and Coker Monica
Seller's Agent
Fred Weaver Iv
eXp Realty
Buyer's Agent
Monica Coker
HomeSmart
List Price
$160,000
Sold Price
$154,000
Premium/Discount to List
-$6,000
-3.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.39%
Original Mortgage
$115,500
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 6, 2013
Closed on
Jan 3, 2014
Sold by
Duromax Llc
Bought by
Pensco Trust Company
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Sixto Aspeitia
eXp Realty
List Price
$169,000
Sold Price
$160,000
Premium/Discount to List
-$9,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.48%

Purchase Details

Closed on
Apr 1, 2011
Sold by
Secretary Of Housing & Urban Development
Bought by
Musa Duro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2010
Sold by
Midfirst Bank
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Jul 19, 2010
Sold by
Carrillo Armando Ibarra
Bought by
Midfirst Bank

Purchase Details

Closed on
Dec 10, 2001
Sold by
Oros Antonio
Bought by
Carrillo Armando Ibarra and Carrillo Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,697
Interest Rate
6.57%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 13, 2001
Sold by
Oros Antonio A
Bought by
Oros Antonio A and Schierman Diana

Purchase Details

Closed on
Feb 8, 2000
Sold by
Lanz Alfredo M
Bought by
Oros Antonio A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,811
Interest Rate
8.06%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 30, 1998
Sold by
Mckeighan Harold R
Bought by
Lanz Alfredo M and Lanz Vivian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,600
Interest Rate
6.93%
Mortgage Type
New Conventional
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
Coker Eduardo -- Accommodation
Coker Eduardo L $154,000 North American Title Company
Pensco Trust Company $160,000 Equity Title Agency Inc
Musa Duro -- Grand Canyon Title Agency
The Secretary Of Housing & Urban Develop -- Old Republic Default Managem
Midfirst Bank $153,304 None Available
Carrillo Armando Ibarra $149,000 American Title Insurance
Oros Antonio A -- American Title Insurance
Oros Antonio A $123,000 Security Title Agency
Lanz Alfredo M $94,000 Equity Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coker Eduardo $180,000
Closed Coker Eduardo L $185,250
Closed Coker Eduardo L $115,500
Previous Owner Musa Duro $32,000
Previous Owner Carrillo Armando Ibarra $146,697
Previous Owner Oros Antonio A $122,811
Previous Owner Lanz Alfredo M $84,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2015 07/24/15 Sold $154,000 -3.8% $57 / Sq Ft
06/23/2015 06/23/15 Pending -- -- --
05/29/2015 05/29/15 For Sale $160,000 0.0% $59 / Sq Ft
01/15/2014 01/15/14 Sold $160,000 -5.3% $59 / Sq Ft
12/27/2013 12/27/13 Pending -- -- --
12/06/2013 12/06/13 For Sale $169,000 -- $62 / 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 $1,114 $9,279 -- --
2024 $1,104 $8,837 -- --
2023 $1,104 $45,110 $9,020 $36,090
2022 $1,064 $28,300 $5,660 $22,640
2021 $1,082 $24,410 $4,880 $19,530
2020 $1,062 $20,850 $4,170 $16,680
2019 $1,058 $18,530 $3,700 $14,830
2018 $996 $15,730 $3,140 $12,590
2017 $954 $14,500 $2,900 $11,600
2016 $934 $10,410 $2,080 $8,330
2015 $876 $8,460 $1,690 $6,770
Source: Public Records

Agents Affiliated with this Home

  • Fred Weaver Iv

    Seller's Agent in 2015

    Fred Weaver Iv

    eXp Realty

    (888) 897-7821

    1 in this area

    72 Total Sales

    Section Image
  • Kevin Kauffman

    Seller Co-Listing Agent in 2015

    Kevin Kauffman

    eXp Realty

    (602) 332-5528

    4 Total Sales

    Section Image
  • Monica Coker

    Buyer's Agent in 2015

    Monica Coker

    HomeSmart

    (480) 280-9425

    6 in this area

    101 Total Sales

    Section Image
  • Sophia Baron

    Seller's Agent in 2014

    Sophia Baron

    Grace CRE

    (480) 375-0227

    1 in this area

    88 Total Sales

    Section Image

  • S

    Buyer's Agent in 2014

    Sixto Aspeitia

    eXp Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5295906

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-13-092A

Arizona Maricopa County Phoenix 85008 Camelback East Village

1321 N 48th Place, Phoenix, AZ

This home is located at 1321 N 48th Place, Phoenix, AZ 85008 since 29 May 2015 and is currently estimated at $651,679, approximately $240 per square foot. This property was built in 1960. 1321 N 48th Place is a home located in Maricopa County with nearby schools including Brunson-Lee Elementary School, Camelback High 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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