NOT LISTED FOR SALE

1620 N 51st St Phoenix, AZ 85008

Camelback East Village Neighborhood
52 Beds
-- Bath
1,375 Sq Ft
0.49 Acres

Last Sold February 21, 2013

Last sale price $1,150,000 $836 Per Sq Ft

151 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Painted or Stained Flooring
  • Phoenix Coding Academy Rated A
  • Community Playground
  • Community Barbecue Grill

About This Home

As of February 2013

Short Sale. 44 units, block construction, built in 1980. All 44 units are 100% rented. Unit mix consists of 36-1bd/1ba & 8-2bd/1ba units. Amenities include swimming pool and onsite laundry. Coin-op laundry brings in about $400/mn. Individually metered for electric. New roof, less than 1 year old, with warranty. 13 brand new A/C's. This is a short sale subject to lender approval. Buyer to verify all facts and figures to their satisfaction.

Last Agent to Sell the Property

Jason Campagna

Orion Investment Real Estate License #SA543294000 Listed on: 07/13/2012

Co-Listed By

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000

Last Buyer's Agent

Carrick Sears

SVN/Desert Commercial Advisors License #BR633405000

SVN/Desert Commercial Advisors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 0.49

Parking

  • Over 1 Space Per Unit

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Concrete
  • Ceramic Tile

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for landscaping, pool/spa maintenance, sewer, trash collection, water

Community Details

Overview

  • $14,630 per year Dock Fee
  • 44 Units
  • Building Dimensions are 21340

Recreation

  • Community Playground
  • Heated Community Pool

Additional Features

  • Community Barbecue Grill
  • Insurance Expense $7,950

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Appliances Included: BI Oven/Range, Disposal, Refrigerator
  • Construction Finish: Painted, Stucco
  • Cross Street: 51st St & McDowell
  • Floors: Carpet, Ceramic Tile, Concrete
  • Legal Info Lot Number: 12
  • Legal Info Range: 4E
  • Legal Info Section: 32
  • Legal Info Township: 2N
  • Roads Streets: Asphalt
  • Property Type: F
  • Hundred Block: 1600
  • Legal Description Abbrev: Orangedale Estates
  • Marketing Name: Casa Hermosa
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 56.00
  • Map Code Grid: P36
  • Year Built: 1980
  • Tax Year: 2011
  • Directions: North on 51st St, property on left side of road.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Fire/Smoke Alarm(s), Mini Blinds, Vertical Blinds

Exterior Features

  • Exterior Amenities: Green Landscaping, Landscape Wtr System
  • Roofing: Built-Up
  • Construction: Block

Garage/Parking

  • Parking: >1 Space Per Unit
  • Total Parking Spaces: 21396.00
  • Covered Parking Spaces: 21340.00

Utilities

  • Water: City Franchise
  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric, Individual

Condo/Co-op/Association

  • Community Amenities: Barbecue, Play Area, Pool

Lot Info

  • Lot Size: 21340

Multi Family

  • Income And Expenses Adjusted Gross Inc: 211680.00
  • Income And Expenses Annual Ins Exp: 7950.00
  • Income And Expenses Annual Maint Exp: 25170.00
  • Income And Expenses Annual Mgmt Exp: 13200.00
  • Income And Expenses Annual Other Expense: 9358.00
  • Income And Expenses Annual Water Sewer Exp: 30566.00
  • Income And Expenses Gross Annual Sch Inc: 230400.00
  • Income And Expenses Net Operating Income: 108262.00
  • Income And Expenses Operating Exp: 100874.00
  • Income And Expenses Other Income: 4800.00
  • Income And Expenses Vacancy Allowance: 0.10
  • Number Of One Bedroom Units: 36
  • Number Of Two Bedroom Units: 8
  • One Bedroom Units Avg Rent: 425.00
  • One Bedroom Units Avg Sq Ft: 550
  • One Bedroom Units Baths: 1
  • Owner Pays: Landscaping, Pool/Spa Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Total Numberof Buildings: 2
  • Total Numberof Units: 44.00
  • Two Bedroom Units Avg Rent: 575.00
  • Two Bedroom Units Avg Sq Ft: 825
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 14630.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2013 02/21/13 Sold $1,150,000 -23.3% $836 / Sq Ft
12/11/2012 12/11/12 Pending -- -- --
07/13/2012 07/13/12 For Sale $1,499,000 -- $1,090 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jason Campagna

    Orion Investment Real Estate

  • Brian Gaffney

    Seller Co-Listing Agent in 2013

    Brian Gaffney

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 264-8400

    1 in this area

    24 Total Sales

    Brian Gaffney
    Section Image
  • Carrick Sears

    Buyer's Agent in 2013

    Carrick Sears

    SVN/Desert Commercial Advisors

    (602) 327-0325

    1 in this area

    19 Total Sales

    Carrick Sears
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4788556

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85008 Camelback East Village

1620 N 51st St, Phoenix, AZ

This home is located at 1620 N 51st St, Phoenix, AZ 85008 since 13 July 2012. This property was built in 1980. 1620 N 51st St is a home located in Maricopa County with nearby schools including Griffith 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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