NOT LISTED FOR SALE

1850 N 51st St Phoenix, AZ 85008

Camelback East Village Neighborhood
-- Bed
2 Baths
1,936 Sq Ft
0.53 Acres

Last Sold November 20, 2017

Last sale price $200,000 $103 Per Sq Ft

271 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of November 2017

Multifamily development opportunity located in the East Phoenix submarket between North Tempe and North Central Phoenix. This area has experienced tremendous development, reinvestment and asset repositioning activity by multifamily investors. Property is currently zoned for multifamily use. Construction on a 50+ town-home development is underway on an adjoining lot. The timing is perfect!

Last Agent to Sell the Property

Royce Munroe

Munroe Multifamily License #BR512795000 Listed on: 02/13/2017

Munroe Multifamily

Last Buyer's Agent

Tanya Gonzalez

Jason Mitchell Real Estate License #SA657547000

Jason Mitchell Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,460

Year Built

  • Built in 1945

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 7 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 126-20-050-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 115 X 235
  • Orangedale Estates Subdivision

Building Details

  • Net Operating Income $12,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,460

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: 52nd St and Thomas
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: res or commerci
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2016
  • Directions: South to Oak, West to 51st Street, South to property on the East.
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Subdivision Name: Orangedale Estates
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Concrete
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Evaporative Cooling, Wall/Window Unit(s)
  • Heating: Other, See Remarks, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Lot Info

  • Lot Size: 115 X 235
  • Additional Parcels: Yes
  • Parcel #: 126-20-050-A

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Property Net Operating Income: 12300.0

Tax Info

  • Tax Annual Amount: 2460.0
  • Tax Book Number: 126.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2020
Sold by
R4 Properties Xxvii Llc
Bought by
Villa Fifty1 West Lp

Purchase Details

Listed on
Feb 13, 2017
Closed on
Nov 20, 2017
Sold by
Cal Ethan Llc
Bought by
R4 Properties Xxvii Llc
Seller's Agent
Royce Munroe
Munroe Multifamily
Buyer's Agent
Tanya Gonzalez
Jason Mitchell Real Estate
List Price
$335
Sold Price
$200,000
Premium/Discount to List
$199,665
59601.49%

Purchase Details

Listed on
May 7, 2014
Closed on
Jun 23, 2016
Sold by
Micurescu Aurel P and Micurescu Florica
Bought by
Munroe Royce and Munroe Susan
Seller's Agent
Debra Gates
Realty One Scottsdale LLC
Buyer's Agent
Royce Munroe
Munroe Multifamily
List Price
$169,995
Sold Price
$167,000
Premium/Discount to List
-$2,995
-1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.75%
Original Mortgage
$133,600
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2002
Sold by
Core Builders Inc
Bought by
Micurescu Aurel P and Micurescu Florica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
11/20/2017 11/20/17 Sold $200,000 -7.0% $103 / Sq Ft
11/11/2017 11/11/17 Pending -- -- --
09/19/2017 09/19/17 Price Changed $215,000 -8.5% $111 / Sq Ft
08/07/2017 08/07/17 Price Changed $235,000 -11.3% $121 / Sq Ft
05/22/2017 05/22/17 Price Changed $265,000 -10.2% $137 / Sq Ft
04/25/2017 04/25/17 Price Changed $295,000 +87959.7% $152 / Sq Ft
02/13/2017 02/13/17 For Sale $335 -99.8% $0 / Sq Ft
06/28/2016 06/28/16 Sold $167,000 -1.8% $86 / Sq Ft
05/27/2016 05/27/16 Price Changed $169,995 0.0% $88 / Sq Ft
04/07/2016 04/07/16 Pending -- -- --
05/06/2014 05/06/14 For Sale $169,995 -- $88 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Royce Munroe

    Munroe Multifamily

    (480) 221-5449

    5 in this area

    23 Total Sales

    Section Image
  • Tanya Gonzalez

    Buyer's Agent in 2017

    Tanya Gonzalez

    Jason Mitchell Real Estate

    (623) 217-6910

    1 in this area

    37 Total Sales

    Section Image

  • D

    Seller's Agent in 2016

    Debra Gates

    Realty One Scottsdale LLC

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5560793

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-20-050A

Arizona Maricopa County Phoenix 85008 Camelback East Village

1850 N 51st St, Phoenix, AZ

This home is located at 1850 N 51st St, Phoenix, AZ 85008 since 13 February 2017. This property was built in 1945. 1850 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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