Andrea Garcia
Responds Quickly
Keller Williams Realty Sonoran Living
(623) 900-1696
267 Total Sales
5 in Central City
$250K - $695K Price Range
1701 E Cambridge Ave Phoenix, AZ 85006
Central City Neighborhood
2
Beds
1
Bath
950
Sq Ft
0.62
Acre Lot
About This Home
As of November 2012This fantastic East Phoenix location is close to the Arizona Heart Institute and the Phoenix Children’s Hospital. The property is ideally situated between two major employment corridors - the Midtown Office Corridor to the west and the Camelback Corridor to the north.
The single story community was constructed in 1986 of block construction with a stucco exterior. The property is individually metered with roof mounted HVAC’s. The community has a garden-style layout with a grass courtyard and long shaded balconies outside each unit. In addition, the community offers tenants laundry facilities and covered parking. The property is currently 92% occupied with below market rents. There is upside in the rents of $25-50 via minor upgrades to the units.Please see document tab for financials.
Last Agent to Sell the Property
Bradley Goff
Newmark Multifamily License #BR041106000 Listed on: 09/20/2012
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,215
Year Built
- Built in 1986
Lot Details
- 0.62
Home Design
- Tile Roof
- Built-Up Roof
- Block Exterior
- Stucco
Parking
- 6 Open Parking Spaces
- 18 Parking Spaces
- 12 Covered Spaces
- Common or Shared Parking
Utilities
- Cooling Available
- Heat Pump System
- Individual Controls for Heating
- Master Water Meter
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 32
- Assessor Parcel Number 117-04-040
Community Details
Overview
- 2 Buildings
- 12 Units
- Building Dimensions are .62
Building Details
- Operating Expense $2,215
- Net Operating Income $32,567
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
Apr 23, 2014
Sold by
Boghoussian 4 Llc
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
4.35%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Listed on
Sep 20, 2012
Closed on
Nov 14, 2012
Sold by
J C & Company Llc
Bought by
Boghoussian 4 Llc
Seller's Agent
Bradley Goff
Newmark Multifamily
Buyer's Agent
Carrick Sears
SVN/Desert Commercial Advisors
List Price
$450,000
Sold Price
$442,000
Premium/Discount to List
-$8,000
-1.78%
Purchase Details
Closed on
Jul 30, 1996
Sold by
Petrov Jacqueline K
Bought by
J C & Company Llc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central City, AZ
-
Andrea Garcia
-
James Kuttner
James Kuttner
RE/MAX Fine Properties
(623) 343-2925
104 Total Sales
1 in Central City
$180,000 Price
-
Joe Karcie
Joe Karcie
RE/MAX Mountain Properties
(928) 800-0272
199 Total Sales
1 in Central City
$2,399,000 Price
-
Mayra Reyes
Mayra Reyes
W and Partners, LLC
(623) 432-8162
61 Total Sales
2 in Central City
$334K - $360K Price Range
-
John Galaviz
John Galaviz
Responds QuicklyeXp Realty
(623) 600-7993
122 Total Sales
4 in Central City
$331K - $1.3M Price Range
-
Andrew Myers
Andrew Myers
Keller Williams Legacy One Realty
(623) 439-8251
62 Total Sales
1 in Central City
$320,000 Price
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 |
|---|---|---|---|
| $880,000 | Fidelity National Title Agen | ||
| Boghoussian 4 Llc | $416,000 | Clear Title Agency Of Arizon | |
| J C & Company Llc | $250,000 | North American Title Agency |
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 |
|---|---|---|---|
| Open | $1,915,000 | ||
| Closed | Twelve On Cambridge Nine Llc | $1,098,500 | |
| Closed | Twelve On Cambridge Nine Llc | $138,039 | |
| Closed | Twelve On Cambridge Nine Llc | $779,450 | |
| Closed | Twelve On Cambridge Nine Llc | $616,000 | |
| Previous Owner | J C & Co Llc | $340,000 |
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 |
|---|---|---|---|---|
| 11/19/2012 11/19/12 | Sold | $442,000 | -1.8% | $465 / Sq Ft |
| 10/12/2012 10/12/12 | Pending | -- | -- | -- |
| 09/20/2012 09/20/12 | For Sale | $450,000 | -- | $474 / 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 |
|---|---|---|---|---|
| 2025 | $4,794 | $35,494 | ||
| 2024 | $4,561 | $33,803 | ||
| 2023 | $4,561 | $187,710 | $37,540 | $150,170 |
| 2022 | $4,382 | $150,810 | $30,160 | $120,650 |
| 2021 | $4,489 | $124,610 | $24,920 | $99,690 |
| 2020 | $4,380 | $97,400 | $19,480 | $77,920 |
| 2019 | $4,349 | $74,450 | $14,890 | $59,560 |
| 2018 | $4,259 | $74,100 | $14,820 | $59,280 |
| 2017 | $4,095 | $75,210 | $15,040 | $60,170 |
| 2016 | $3,936 | $73,700 | $14,740 | $58,960 |
| 2015 | $3,662 | $37,750 | $7,550 | $30,200 |
Source: Public Records
Agents Affiliated with this Home
-
BG
Seller's Agent in 2012
Bradley Goff
Newmark Multifamily
-
Carrick Sears
Buyer's Agent in 2012
Carrick Sears
SVN/Desert Commercial Advisors
(602) 327-0325
1 in this area
15 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 4821775
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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