NOT LISTED FOR SALE

1325 N 48th St Phoenix, AZ 85008

Camelback East Village Neighborhood

Estimated Value: $490,417 - $792,000

-- Bed
-- Bath
2,113 Sq Ft
$298/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $385,000 $182 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,563/month

Highlights

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

About This Home

As of March 2021

Value-Add Opportunity Through Interior & Exterior Renovations. Easy Access to the 202 & 143 Freeways. Fantastic Central Location Between Tempe & Scottsdale. Minutes from Desert Botanical Garden, Phoenix Zoo, Papago Golf Course, Safeway, & Costco.

Last Agent to Sell the Property

Andrew Arambula

ABI Multifamily License #SA688881000 Listed on: 03/09/2021

Co-Listed By

Tom Palestina

ABI Multifamily License #SA688331000

Last Buyer's Agent

Andrew Arambula

ABI Multifamily License #SA688881000 Listed on: 03/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $797

Year Built

  • Built in 1957

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 40
  • Assessor Parcel Number 125-13-084

Community Details

Overview

  • 3 Units
  • Building Dimensions are 10,437
  • Palomino Estates Subdivision

Building Details

  • Operating Expense $797

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$797

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1957
  • Tax Year: 2020
  • Road Surface Type: Gravel, Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: PALOMINO ESTATES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Natural Gas, Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Natural Gas: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Lot Info

  • Lot Size: 10,437
  • Additional Parcels: Yes
  • Parcel #: 125-13-084

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Operating Expense: 797.0

Tax Info

  • Tax Annual Amount: 797.0
  • Tax Book Number: 125.00
  • Tax Lot: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2021
Sold by
Lily Tirone
Bought by
Jp2 Holdings Llc
Current Estimated Value
$641,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,500
Outstanding Balance
$409,339
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$239,197

Purchase Details

Listed on
Mar 9, 2021
Closed on
Mar 10, 2021
Sold by
Clements Judy and Clements Earl
Bought by
Jp2 Holdings Llc
Seller's Agent
Andrew Arambula
ABI Multifamily
Buyer's Agent
Andrew Arambula
ABI Multifamily
List Price
$375,000
Sold Price
$385,000
Premium/Discount to List
$10,000
2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.49%
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
Jp2 Holdings Llc -- --
Tirone Lily -- Magnus Title
Jp2 Holdings Llc $385,000 Magnus Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tirone Lily $444,500
Closed Jp2 Holdings Llc $444,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2021 03/12/21 Sold $385,000 +2.7% $182 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $375,000 -- $177 / 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 $836 $6,965 -- --
2024 $829 $6,634 -- --
2023 $829 $34,860 $6,970 $27,890
2022 $799 $22,050 $4,410 $17,640
2021 $812 $19,910 $3,980 $15,930
2020 $797 $17,360 $3,470 $13,890
2019 $794 $14,970 $2,990 $11,980
2018 $748 $12,470 $2,490 $9,980
2017 $716 $11,150 $2,230 $8,920
2016 $701 $8,020 $1,600 $6,420
2015 $658 $6,430 $1,280 $5,150
Source: Public Records

Agents Affiliated with this Home

  • Andrew Arambula

    Seller's Agent in 2021

    Andrew Arambula

    ABI Multifamily

    (602) 513-5200

    10 in this area

    51 Total Sales

    Section Image
  • Tom Palestina

    Seller Co-Listing Agent in 2021

    Tom Palestina

    ABI Multifamily

    (602) 714-1400

    8 in this area

    35 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6204810

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-13-084

Arizona Maricopa County Phoenix 85008 Camelback East Village

1325 N 48th St, Phoenix, AZ

This home is located at 1325 N 48th St, Phoenix, AZ 85008 since 09 March 2021 and is currently estimated at $629,354, approximately $297 per square foot. This property was built in 1957. 1325 N 48th St 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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