$1,090,000
SOLD APR 21, 2023

1332 N 50th St Phoenix, AZ 85008

Camelback East Village Neighborhood
-- Bed
-- Bath
2,093 Sq Ft
1960 Built

Recently Sold

$521 Per Sq Ft

4% Above List Price

139 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of December 2024

While located in the Tri-City Area this is a completely remodeled property. All two Bedroom and property is now in lease up. Installed new cabinets, new quartz counter tops and wood grain tile along with new air conditioners and dual pane windows. Of course new roof an so much more. New landscaping. The appliances boast of Stainless Steel (new) along with the Stackable washer and dryers in each unit. If you want to own 9 units-the six unit next door is already under construction as well. Buyer to verify all facts and figures

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 10/28/2022

Last Buyer's Agent

Robert Johnson

RJ4Homes LLC License #BR533188000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $839

Year Built

  • Built in 1960

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 14
  • Assessor Parcel Number 125-13-058-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 114.05*77.29
  • Palomino Estates Subdivision

Building Details

  • Operating Expense $8,342
  • Gross Income $56,861
  • Net Operating Income $48,526

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$839

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: McDowell and 48th Street
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2022
  • Directions: South on 48th Street to Willetta. Turn East on Willetta to 50th Street. Turn North and property is on the West side of the street
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Professional Management Expense: 2843.0
  • Subdivision Name: PALOMINO ESTATES
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): 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

Exterior Features

  • Disclosures: Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: See Remarks

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Trash Expense: 400.0
  • Annual Water Sewer Expense: 2000.0

Lot Info

  • Lot Size: 114.05*77.29
  • Additional Parcels: No
  • Parcel #: 125-13-058-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 56861.4
  • Insurance Expense: 1060.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 48526.0
  • Annual Operating Expense: 8342.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 839.0
  • Tax Book Number: 125.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2024
Closed on
Dec 12, 2024
Sold by
Capital Fund Reit Llc
Bought by
2018 Rreading Revocable Trust and Reading
Seller's Agent
Jacob Chapman
Realty85
Buyer's Agent
Ashley Karn
Barrett Real Estate
List Price
$850,000
Sold Price
$730,000
Premium/Discount to List
-$120,000
-14.12%
Views
7
Current Estimated Value
$750,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,667
Avg. Annual Appreciation
7.42%
Original Mortgage
$500,000
Outstanding Balance
$498,253
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$265,414

Purchase Details

Closed on
Sep 17, 2024
Sold by
Mila Investing Llc
Bought by
Capital Fund Reit Llc

Purchase Details

Listed on
Oct 28, 2022
Closed on
Apr 21, 2023
Sold by
Dsc3 Llc
Bought by
Mila Investing Llc
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Robert Johnson
RJ4Homes LLC
List Price
$1,050,000
Sold Price
$1,090,000
Premium/Discount to List
$40,000
3.81%
Views
193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.39%
Original Mortgage
$581,000
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2022
Closed on
May 20, 2022
Sold by
Imperial Holdings Llc
Bought by
Dsc3 Llc
Seller's Agent
Andrew Arambula
ABI Multifamily
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$749,900
Sold Price
$630,000
Premium/Discount to List
-$119,900
-15.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
82.66%
Original Mortgage
$5,238,300
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2012
Sold by
Hcm Investments Llc
Bought by
Imperial Holdings Llc

Purchase Details

Closed on
Jan 5, 2005
Sold by
Bourdeauxburg Llc
Bought by
Hcm Investments Llc

Purchase Details

Closed on
Aug 18, 1999
Sold by
Bourdeaux Herb
Bought by
Bourdeaux Lc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
7.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 1999
Sold by
Dagburg Llc
Bought by
Bourdeaux Herb A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
7.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 1999
Sold by
Iranco Development Corp
Bought by
Dagburg Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
7.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 1998
Sold by
Ibiza Ltd Holding Llc
Bought by
Palm Tree Associates Llc

Purchase Details

Closed on
Oct 29, 1998
Sold by
Iranco Development Corp
Bought by
Ibiza Ltd Holding Llc

Purchase Details

Closed on
Sep 13, 1995
Sold by
Phoenix Associates Ltd
Bought by
Iranco Development Corp

Purchase Details

Closed on
Sep 12, 1995
Sold by
James Fred C and Carpi Ken
Bought by
Phoenix Associates Ltd
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $230,000 Pinnacle Title Services
Trustee Deed $581,000 First National Title
Warranty Deed $1,050,000 Empire Title Agency
Warranty Deed $630,000 New Title Company Name
Quit Claim Deed -- None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $84,000 Chicago Title Insurance Co
Trustee Deed $10,645 First American Title
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $169,250 First American Title
Warranty Deed -- First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 New Conventional
Previous Owner $581,000 New Conventional
Previous Owner $5,238,300 New Conventional
Previous Owner $535,500 New Conventional
Previous Owner $58,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2024 12/16/24 Sold $730,000 -2.7% $349 / Sq Ft
12/11/2024 12/11/24 Price Changed $750,000 0.0% $358 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
10/31/2024 10/31/24 Price Changed $750,000 -6.3% $358 / Sq Ft
10/15/2024 10/15/24 Price Changed $800,000 -5.9% $382 / Sq Ft
10/03/2024 10/03/24 For Sale $850,000 -22.0% $406 / Sq Ft
04/21/2023 04/21/23 Sold $1,090,000 +3.8% $521 / Sq Ft
03/16/2023 03/16/23 Pending -- -- --
10/28/2022 10/28/22 For Sale $1,050,000 +66.7% $502 / Sq Ft
05/24/2022 05/24/22 Sold $630,000 -16.0% $301 / Sq Ft
05/03/2022 05/03/22 For Sale $749,900 0.0% $358 / Sq Ft
05/03/2022 05/03/22 Price Changed $749,900 0.0% $358 / Sq Ft
04/05/2022 04/05/22 For Sale $749,900 -- $358 / 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 $879 $7,320 -- --
2024 $871 $6,972 -- --
2023 $871 $35,100 $7,020 $28,080
2022 $839 $22,210 $4,440 $17,770
2021 $853 $19,960 $3,990 $15,970
2020 $838 $17,460 $3,490 $13,970
2019 $834 $15,460 $3,090 $12,370
2018 $786 $13,070 $2,610 $10,460
2017 $753 $11,710 $2,340 $9,370
2016 $737 $8,400 $1,680 $6,720
2015 $691 $6,660 $1,330 $5,330
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jacob Chapman

    Realty85

  • A

    Buyer's Agent in 2024

    Ashley Karn

    Barrett Real Estate

  • L

    Seller's Agent in 2023

    Linda Gerchick

    Gerchick Real Estate

  • R

    Buyer's Agent in 2023

    Robert Johnson

    RJ4Homes LLC

  • A

    Seller's Agent in 2022

    Andrew Arambula

    ABI Multifamily

  • T

    Seller Co-Listing Agent in 2022

    Tom Palestina

    ABI Multifamily

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6482737

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-13-058A

Arizona Maricopa County Phoenix 85008 Camelback East Village

1332 N 50th St, Phoenix, AZ

This home is located at 1332 N 50th St, Phoenix, AZ 85008 and is currently priced at $1,090,000, approximately $520 per square foot. This property was built in 1960. 1332 N 50th 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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