1611 E Lamar Rd Phoenix, AZ 85016
Camelback East Village NeighborhoodEstimated payment $14,088/month
Highlights
- Cooling Available
- Patio
- Heating unit installed on the ceiling
- Madison Heights Elementary School Rated A-
- Ceiling Fan
- 8 Car Garage
About This Home
Fabulous centrally located investment opportunity. These new & modern four units with custom finishes affords a perfect owner-occupied luxurious lifestyle. The property was designed with a 2,000 ft.2 owners three bedroom 3 1/2 bath home. The property consists of two, three bedrooms three bath homes and two one bedroom one bath apartments. The three bedroom units include gas fireplace. Superb location right off the 51 freeway with easy access to Sky Harbor Airport and Downtown Phoenix. Situated next to the Sprouts shopping center at 16th St. & Glendale. Adjacent to the canal with an easy walk to the Biltmore Hotel. Must see to appreciate!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,957
Year Built
- Built in 2023
Home Design
- Wood Frame Construction
- Stucco
Parking
- 8 Car Garage
- 2 Open Parking Spaces
- Carport
- Garage Door Opener
- On-Street Parking
Utilities
- Cooling Available
- Heating unit installed on the ceiling
Additional Features
- Ceiling Fan
- Patio
- Partially Fenced Property
Listing and Financial Details
- The owner pays for landscaping
- Tax Lot 3
- Assessor Parcel Number 164-34-003
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 80' x 144'
- Town Heights Subdivision
Building Details
- Operating Expense $11,957
- Gross Income $136,973
- Net Operating Income $120,600
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/24/2026 01/24/26 | For Sale | $2,450,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $340,000 | Greystone Title | |
| Warranty Deed | $280,000 | Empire West Title Agency Llc | |
| Interfamily Deed Transfer | -- | Security Title Agency | |
| Warranty Deed | $50,000 | Security Title Agency | |
| Warranty Deed | $85,000 | Nations Title Insurance |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,032,000 | New Conventional | |
| Previous Owner | $250,000 | Unknown | |
| Previous Owner | $86,700 | VA |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6974079
APN: 164-34-003
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.
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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Ask me questions while you tour the home.