NOT LISTED FOR SALE

1625 E Lamar Rd Phoenix, AZ 85016

Camelback East Village Neighborhood

Estimated Value: $432,000

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

Sale Details

Date Sold: June 30, 2023

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

Current estimated payment $2,779 / mo

159 Days on Market

Highlights

  • 8 Car Attached Garage
  • Breakfast Bar
  • Ceramic Tile Flooring
  • Madison Heights Elementary School Rated A-
  • Patio
  • Zoned Heating and Cooling System

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

Real Broker License #BR107286000 Listed on: 10/31/2022

Real Broker

Co-Listed By

Nathan Ottosen

Real Broker 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

  • Fenced
  • Desert Landscape

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Siding
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring
  • Fire and Smoke Detector
  • Breakfast Bar

Parking

  • 8 Car Attached Garage
  • Garage Door Opener
  • On-Street Parking

Outdoor Features

  • Patio

Schools

  • Madison #1 Middle Elementary School
  • Central High School

Utilities

  • Two cooling system units
  • Zoned Heating and Cooling System
  • Air Source Heat Pump
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Tenant pays for water, electricity, gas, trash collection, cable TV
  • 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 Sq Ft Lot

Listing Details

  • Cross Street: 16th Street and Glendale
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2023
  • Tax Year: 2021
  • Road Surface Type: Concrete
  • Co List Office Mls Id: reim001
  • Co List Office Phone: 602-715-0232
  • Subdivision Name: Lamar Townhomes
  • Garage Yn: Yes
  • Const - Finish:Const - Finish: Painted, Stucco, Siding
  • Cooling:Cooling: Central Air, Heat Pump, Electric, 2 or More Units, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Concrete
  • Electric:Electric: APS, Individual Meter
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Disposal, Microwave, W/D Hookup
  • Interior Features:Interior Features: Unfurnished, Fire/Smoke Alarm(s), Other (See Remarks), Mini Blinds, Breakfast Bar

Exterior Features

  • Disclosures: Boundary Survey Avlb
  • Construction Type: Wood Frame, Painted, Stucco, Siding
  • Roof: Foam
  • Exterior Amenities: Curb(s) & Gutter(s), Desert Landscaping, Fenced, Patio/Balcony

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool, Other

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: Sewer, Landscaping, Other
  • Tenant Pays: Water, Electricity, Gas, Trash Collection, Cable TV
  • 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 Lot: 1,2,3,4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2018
Sold by
Bought by
Current Estimated Value
$432,000

Purchase Details

Closed on
Mar 16, 2016
Sold by
Bought by

Purchase Details

Closed on
Apr 24, 2002
Sold by
Bought by

Purchase Details

Closed on
Mar 23, 1999
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 1997
Sold by
Bought by

Purchase Details

Closed on
May 5, 1997
Sold by
Bought by

Purchase Details

Closed on
Aug 11, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$290,000 Grand Canyon Title Agency
$255,000 Fidelity Natl Title Agency
$198,790 Capital Title Agency Inc
-- First American Title
-- --
-- --
$132,000 Fidelity Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $255,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    Real Broker

    (480) 773-2183

    27 in this area

    137 Total Sales

    Craig Young
    Section Image
  • Nathan Ottosen

    Seller Co-Listing Agent in 2023

    Nathan Ottosen

    Real Broker

    (480) 355-3500

    15 in this area

    89 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

    4 in this area

    21 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

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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