Seller's Agent in 2026
Michael Banovac
RMB Realty LLC
(602) 571-4888
5 in this area
12 Total Sales
1611 E Lamar Rd Phoenix, AZ 85016
Camelback East Village Neighborhood
--
Bed
--
Bath
2,008
Sq Ft
2023
Built
Highlights
- Cooling Available
- Patio
- Heating unit installed on the ceiling
- Madison Heights Elementary School Rated A-
- Ceiling Fan
- 8 Car Garage
About This Home
As of April 2026Fabulous 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!
Last Agent to Sell the Property
RMB Realty LLC License #SA586199000 Listed on: 01/24/2026
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
- Tenant pays for water, sewer, electricity, gas, trash collection, cable TV
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 24, 2026
Closed on
Apr 27, 2026
Sold by
Robert Banovacan
Bought by
Schneidera Lori
Seller's Agent
Michael Banovac
RMB Realty LLC
Buyer's Agent
Michael Banovac
RMB Realty LLC
List Price
$2,450,000
Sold Price
$2,250,000
Premium/Discount to List
-$200,000
-8.16%
Views
44
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
341.35%
Original Mortgage
$1,650,000
Outstanding Balance
$1,650,000
Interest Rate
6.11%
Mortgage Type
New Conventional
Estimated Equity
$737,667
Purchase Details
Closed on
Apr 23, 2021
Sold by
Haiman Llc
Bought by
Banovac Charles Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,032,000
Interest Rate
3%
Mortgage Type
New Conventional
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
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,250,000 | Pinnacle Title Services | |
| 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 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,650,000 | New Conventional | |
| Previous Owner | $1,032,000 | New Conventional | |
| Previous Owner | $250,000 | Unknown | |
| Previous Owner | $86,700 | VA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2026 04/27/26 | Sold | $2,250,000 | -8.2% | $1,121 / Sq Ft |
| 03/05/2026 03/05/26 | Pending | -- | -- | -- |
| 01/24/2026 01/24/26 | For Sale | $2,450,000 | -- | $1,220 / 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 | $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
-
Michael Banovac
Map
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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