NOT LISTED FOR SALE

1625 E Lamar Rd Phoenix, AZ 85016

Camelback East Village Neighborhood

Estimated Value: $432,000

-- Bed
1 Bath
1,573 Sq Ft
$275/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $3,500,000 $2,225 Per Sq Ft

Current estimated payment $2,695/month

159 Days on Market

Highlights

  • Wood Flooring
  • 8 Car Attached Garage
  • Central Heating and Cooling System
  • Madison Heights Elementary School Rated A-
  • Multiple cooling system units
  • Ceiling Fan

About This Home

As of June 2023

Reflection is a Luxury 4 home townhome development offering an investor diverse options of ownership and divestment: operate as a multifamily conventional rental project, luxury AirBNB, or divest as single sale townhomes to owner-occupiers. Each home offers up to 4 bedrooms with den and range in size from 2648 sf to 2856sf. Stunning appointments include Hardwood flooring , 10ft ceilings , Gourmet kitchens with 36 inch Jennair Gas range , Large quartz islands, Multi side doors to ground floor patios and large viewing decks off primary bedrooms. Each home also has a bedroom and full bath on the ground floor as well and dual HVAC systems, Tankless Gas HW and EV prepared outlet in each garage . Primary Bath has free standing tub and oversized shower. Yards are generous and private . The property is located a short distance from downtown Phoenix and The Biltmore Corridor, a premier upscale residential and financial district, Paradise Valley and Old Town Scottsdale

Last Agent to Sell the Property

Craig Young

REI Marketing License #BR107286000 Listed on: 10/31/2022

Co-Listed By

Nathan Ottosen

REI Marketing License #BR639651000

Last Buyer's Agent

Staci Smedstad

DeLex Realty License #BR534053000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,369

Year Built

  • Built in 2023

Lot Details

  • 0.41

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Siding
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 8 Car Attached Garage
  • Over 1 Space Per Unit
  • Automatic Garage Door Opener
  • On-Street Parking

Schools

  • Madison #1 Middle Elementary School
  • Central High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for sewer, landscaping
  • Tax Lot 1,2,3,4
  • Assessor Parcel Number 164-34-005

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are irregular
  • Lamar Townhomes Subdivision

Building Details

  • Operating Expense $4,369
  • Gross Income $240,000
  • Net Operating Income $216,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,369

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Cross Street: 16th Street and Glendale
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2023
  • Tax Year: 2021
  • Road Surface Type: Concrete, Curb(s) & Gutter(s)
  • Co List Office Mls Id: reim001
  • Co List Office Phone: 602-715-0232
  • Subdivision Name: Lamar Townhomes
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Boundary Survey Avlb
  • Construction Type: Wood Frame, Siding, Painted, Stucco
  • Roof: Foam

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Garage Door Opener, Attached, >1 Space Per Unit, On Street
  • Attached Garage: Yes
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes
  • Parking Features Auto Door Opener: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Electric, Heat Pump, 2 or More Units
  • Heating: Individual, Central, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Schools

  • Elementary School: Madison #1 Middle School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 164-34-005

Multi Family

  • Owner Pays: Other, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 240000.0
  • Property Net Operating Income: 216600.0
  • Annual Operating Expense: 4369.0

Tax Info

  • Tax Annual Amount: 4369.0
  • Tax Book Number: 164.00
  • Tax Lot: 1,2,3,4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2018
Sold by
Moon Investment Company Llc
Bought by
88 Ventures Trethan Llc
Current Estimated Value
$432,000

Purchase Details

Closed on
Mar 16, 2016
Sold by
Gardner Melissa A
Bought by
Moon Investment Company Llc

Purchase Details

Closed on
Apr 24, 2002
Sold by
Hardy Phyllis
Bought by
Gardner Melissa A

Purchase Details

Closed on
Apr 23, 2002
Sold by
Gardner Jeffrey Daniel
Bought by
Gardner Melissa A

Purchase Details

Closed on
Mar 23, 1999
Sold by
Brunton Jeffrey
Bought by
Hardy Phyllis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,550
Interest Rate
6.73%

Purchase Details

Closed on
Jun 14, 1997
Sold by
Hardy Phyllis
Bought by
Brunton Jeffrey and Hardy Phyllis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,400
Interest Rate
8.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 1997
Sold by
Campbell Glenn Peter and Campbell Donna Kay
Bought by
Hardy Phyllis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,400
Interest Rate
8.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 1995
Sold by
Campbell Glenn Peter and Campbell Donna Kay
Bought by
Campbell Glenn Peter and Campbell Donna Kay
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
88 Ventures Trethan Llc $290,000 Grand Canyon Title Agency
Moon Investment Company Llc $255,000 Fidelity Natl Title Agency
Gardner Melissa A $198,790 Capital Title Agency Inc
Gardner Melissa A -- Capital Title Agency Inc
Hardy Phyllis -- First American Title
Brunton Jeffrey -- --
Brunton Jeffrey -- --
Hardy Phyllis $132,000 Fidelity Title
Campbell Glenn Peter -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hardy Phyllis $126,550
Previous Owner Hardy Phyllis $125,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $3,500,000 -7.5% $2,225 / Sq Ft
10/31/2022 10/31/22 For Sale $3,785,000 -- $2,406 / Sq Ft
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
2021 $4,369 $53,865 $53,865 $0
2020 -- $51,570 $51,570 $0
2019 -- $27,670 $5,530 $22,140
2018 -- $24,400 $4,880 $19,520
2017 -- $19,920 $3,980 $15,940
2016 -- $22,430 $4,480 $17,950
2015 -- $20,420 $4,080 $16,340
Source: Public Records

Agents Affiliated with this Home

  • Craig Young

    Seller's Agent in 2023

    Craig Young

    REI Marketing

    (480) 773-2183

    41 in this area

    157 Total Sales

    Craig Young
    Section Image
  • Nathan Ottosen

    Seller Co-Listing Agent in 2023

    Nathan Ottosen

    REI Marketing

    (480) 355-3500

    25 in this area

    93 Total Sales

    Nathan Ottosen
    Section Image
  • Staci Smedstad

    Buyer's Agent in 2023

    Staci Smedstad

    DeLex Realty

    (602) 882-3388

    3 in this area

    43 Total Sales

    Staci Smedstad
    Section Image
  • Houstin Engstrom

    Buyer Co-Listing Agent in 2023

    Houstin Engstrom

    Delex Realty

    (602) 684-6843

    5 in this area

    36 Total Sales

    Houstin Engstrom
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6487558

Arizona Regional Multiple Listing Service (ARMLS)

APN: 164-34-005

Arizona Maricopa County Phoenix 85016 Camelback East Village

1625 E Lamar Rd, 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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