NOT LISTED FOR SALE

1611 E Lamar Rd Unit 3 Phoenix, AZ 85016

Camelback East Village Neighborhood

Estimated Value: $625,000 - $2,116,000

0.26 Acre
$4,370,512 Price per Acre
11,326 Sq Ft Lot

Last Sold April 30, 2021

Last sale price $340,000

Est. 234% increase in value since last sale

Current estimated payment $6,950/month

157 Days on Market

About This Lot

As of April 2021

If you are builder-developer here is your chance, [R-3] Multiple Family Residence city zoning or build a custom home or a huge assisted living home. No HOA close to 51 Freeway. Water, Sewer, Electric, Gas on property. Owner Agent

Last Agent to Sell the Property

Haider Mansoori

On Time Real Estate License #BR106582000 Listed on: 09/16/2020

Last Buyer's Agent

Robert Banovac

RMB Realty LLC License #BR036359000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,020

Lot Details

  • 0.26 Acre Lot
  • Property is zoned [R-3] Multiple

Schools

  • Madison Elementary School
  • Madison Heights Elementary Middle School
  • Camelback High School

Community Details

  • No Home Owners Association
  • Town Heights Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 164-34-003

Property Details

Property Type

Land

Est. Annual Taxes

$3,020

Lot Details

0

Listing Details

  • Cross Street: 16th ST and Glendale
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: [R-3] Multiple
  • Tax Year: 2020
  • Lot Size Acres: 0.26
  • Subdivision Name: TOWN HEIGHTS
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Disclosures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Madison Elementary School
  • High School: Camelback High School
  • Middle Or Junior School: Madison Heights Elementary School

Lot Info

  • Lot Size: 143X80
  • Lot Size Sq Ft: 11468.0
  • Additional Parcels: No
  • Parcel #: 164-34-003
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3020.0
  • Tax Book Number: 164.00
  • Tax Lot: 3
  • Tax Map Number: 34.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2020
Closed on
Apr 23, 2021
Sold by
Haiman Llc
Bought by
Banovac Charles Robert
Seller's Agent
Haider Mansoori
On Time Real Estate
Buyer's Agent
Robert Banovac
RMB Realty LLC
List Price
$399,000
Sold Price
$340,000
Premium/Discount to List
-$59,000
-14.79%
Current Estimated Value
$1,136,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$796,333
Avg. Annual Appreciation
29.48%
Original Mortgage
$1,032,000
Outstanding Balance
$927,723
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$208,610

Purchase Details

Closed on
Apr 9, 2018
Sold by
Wood Michael
Bought by
Haiman Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 5, 2011
Sold by
Wood Elizabeth Leona
Bought by
Wood Michael

Purchase Details

Closed on
Mar 16, 1998
Sold by
Gizinski Dennis R
Bought by
Curry Richard J and Curry Victoria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,700
Interest Rate
7.1%
Mortgage Type
VA
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
Banovac Charles Robert $340,000 Greystone Title
Haiman Llc $280,000 Empire West Title Agency Llc
Wood Michael -- Security Title Agency
Wood Michael $50,000 Security Title Agency
Curry Richard J $85,000 Nations Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banovac Charles Robert $1,032,000
Previous Owner Haiman Llc $250,000
Previous Owner Curry Richard J $86,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $340,000 -2.6% --
02/20/2021 02/20/21 Pending -- -- --
12/22/2020 12/22/20 Price Changed $349,000 -12.5% --
09/16/2020 09/16/20 For Sale $399,000 -- --
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 $11,957 $25,938 $25,938 --
2024 $3,135 $24,703 $24,703 --
2023 $3,135 $39,705 $39,705 $0
2022 $3,042 $35,160 $35,160 $0
2021 $3,068 $37,110 $37,110 $0
2020 $3,020 $35,655 $35,655 $0
2019 $3,246 $26,800 $5,360 $21,440
2018 $3,166 $23,710 $4,740 $18,970
2017 $2,649 $22,510 $4,500 $18,010
2016 $2,552 $24,780 $4,950 $19,830
2015 $2,375 $23,030 $4,600 $18,430
Source: Public Records

Agents Affiliated with this Home

  • Haider Mansoori

    Seller's Agent in 2021

    Haider Mansoori

    On Time Real Estate

    (602) 679-7000

    1 in this area

    14 Total Sales

    Haider Mansoori
    Section Image

  • R

    Buyer's Agent in 2021

    Robert Banovac

    RMB Realty LLC

    (602) 571-4888

    2 in this area

    3 Total Sales

    Robert Banovac
    Section Image
  • Michael Banovac

    Buyer Co-Listing Agent in 2021

    Michael Banovac

    RMB Realty LLC

    (602) 571-4888

    4 in this area

    12 Total Sales

    Michael Banovac
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6132705

Arizona Regional Multiple Listing Service (ARMLS)

APN: 164-34-003

Arizona Maricopa County Phoenix 85016 Camelback East Village

1611 E Lamar Rd Unit 3, Phoenix, AZ

Not Listed for Sale

Lots

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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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