NOT LISTED FOR SALE

1502 E Highland Ave Phoenix, AZ 85014

Camelback East Village Neighborhood

Estimated Value: $666,000 - $725,000

Studio
-- Bath
2,447 Sq Ft
$284/Sq Ft Est. Value

Last Sold April 27, 2012

Last sale price $80,000 $33 Per Sq Ft

Est. 769% increase in value since last sale

Current estimated payment $3,707/month

47 Days on Market

Highlights

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

About This Home

As of April 2012

Fantastic multi-plex opportunity in Camelback Cooridor. Close to shopping, freeways, restaurants and downtown amenities. Excellent investment opportunity, live in one yourself and rent out the others, the possibilities are endless!

Last Agent to Sell the Property

Cynthia Kenner

HomeSmart License #BR008548000 Listed on: 02/29/2012

HomeSmart

Co-Listed By

Stacie Brath

Keller Williams Realty Biltmore Partners License #SA553068000

Last Buyer's Agent

Carey Runyon

RETSY License #BR555861000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,150

Year Built

  • Built in 1967

Lot Details

  • 8,320

Home Design

  • Composition Roof

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 7 & 8
  • Assessor Parcel Number 155-01-034

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8338

Building Details

  • Operating Expense $1,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,150

Year Built

Built in 1967

Lot Details

8,320 Sq Ft Lot

Listing Details

  • Cross Street: 15th Street & Highland Avenue
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1967
  • Tax Year: 2011
  • Road Surface Type: Sidewalk(s)
  • Co List Office Mls Id: kwbp01
  • Co List Office Phone: 602-553-4400
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: See Remarks, Painted
  • Roof: Composition
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Other (See Remarks), Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 8338
  • Additional Parcels: No
  • Parcel #: 155-01-034

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 3
  • Annual Operating Expense: 1150.0

Tax Info

  • Tax Annual Amount: 1150.0
  • Tax Book Number: 155.00
  • Tax Lot: 7 & 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2012
Closed on
Apr 23, 2012
Sold by
The Bank Of New York Mellon
Bought by
Ry Investments Llc
Seller's Agent
Cynthia Kenner
HomeSmart
Buyer's Agent
Carey Runyon
RETSY
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%
Current Estimated Value
$695,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$615,500
Avg. Annual Appreciation
16.95%
Original Mortgage
$20,000
Outstanding Balance
$13,808
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$681,692

Purchase Details

Closed on
Sep 2, 2010
Sold by
Quintero Jose J and Quintero Catalina M
Bought by
The Bank Of New York

Purchase Details

Closed on
Oct 28, 2005
Sold by
Bottom Michael L
Bought by
Quintero Jose J and Quintero Catalina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 20, 1995
Sold by
Abel Vernon W and Abel Carmen E
Bought by
Bottom Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,900
Interest Rate
7.59%
Mortgage Type
New Conventional
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
Ry Investments Llc $80,000 Lawyers Title Of Arizona Inc
The Bank Of New York $273,466 None Available
Quintero Jose J $295,000 Stewart Title & Trust Of Pho
Bottom Michael L $129,900 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ry Investments Llc $20,000
Previous Owner Quintero Jose J $236,000
Previous Owner Bottom Michael L $103,900
Closed Quintero Jose J $29,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2012 04/27/12 Sold $80,000 -11.0% $33 / Sq Ft
04/16/2012 04/16/12 Pending -- -- --
02/29/2012 02/29/12 For Sale $89,900 -- $37 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,617 $12,413 -- --
2024 $1,500 $11,822 -- --
2023 $1,500 $60,810 $12,160 $48,650
2022 $1,456 $43,780 $8,750 $35,030
2021 $1,468 $36,250 $7,250 $29,000
2020 $1,445 $29,110 $5,820 $23,290
2019 $1,414 $23,060 $4,610 $18,450
2018 $1,379 $20,120 $4,020 $16,100
2017 $1,314 $19,300 $3,860 $15,440
2016 $1,269 $14,800 $2,960 $11,840
2015 $1,178 $11,820 $2,360 $9,460
Source: Public Records

Agents Affiliated with this Home

  • Cynthia Kenner

    Seller's Agent in 2012

    Cynthia Kenner

    HomeSmart

    (602) 571-6185

    18 Total Sales

    Cynthia Kenner
    Section Image

  • S

    Seller Co-Listing Agent in 2012

    Stacie Brath

    Keller Williams Realty Biltmore Partners

  • C

    Buyer's Agent in 2012

    Carey Runyon

    RETSY

    (480) 505-6300

    1 Total Sale

    Carey Runyon
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4723115

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-01-034

Arizona Maricopa County Phoenix 85014 Camelback East Village

1502 E Highland 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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