NOT LISTED FOR SALE

1916 E Fairmount Ave Phoenix, AZ 85016

Camelback East Village Neighborhood

Estimated Value: $398,062 - $1,100,000

-- Bed
-- Bath
1,960 Sq Ft
$342/Sq Ft Est. Value

Last Sold May 18, 2015

Last sale price $185,000 $94 Per Sq Ft

Est. 263% increase in value since last sale

Current estimated payment $3,674/month

175 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of May 2015

Primary Residence or Investment Opportunity with income producing units. Located in a primarily residential neighborhood. Not over crowed with other rentals or condos. Both buildings qualify for residential financing. All units are One Bedroom. Approx $60k in improvements from time owner acquired property, such as new roof, courtyard, landscaping, paving, appliances and other unit improvements. Nicely landscaped. Court yard between both buildings. Pavement with ample parking. Walking distance to public transportation. The financials will be provided in escrow buyer will need to verify all financials and details. Contact Lister with any questions. No sign on property, do not disturb tenants. 1920 also available, making this a great 4 or 8 plex opportunity.

Last Agent to Sell the Property

Sam Pollina

Realty Executives Listed on: 10/22/2014

Last Buyer's Agent

Stan Hughes

HomeSmart License #SA574688000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $860

Year Built

  • Built in 1954

Lot Details

  • 8,015

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Free Parking

Schools

  • Loma Linda Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 119-28-126

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7998 SqFt

Building Details

  • Operating Expense $5,956
  • Gross Income $19,200
  • Net Operating Income $13,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$860

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: Indian School Rd & 20th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: 0
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2013
  • Directions: Take 20th Street south to Fairmount Avenue west to property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1200.0
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Free: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Loma Linda Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Loma Linda Elementary School

Lot Info

  • Lot Size: 7998 SqFt
  • Additional Parcels: Yes
  • Parcel #: 119-28-126

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 180.0
  • Annual Gross Income: 19200.0
  • Insurance Expense: 1316.0
  • Property Net Operating Income: 13280.0
  • Annual Operating Expense: 5956.0

Tax Info

  • Tax Annual Amount: 860.0
  • Tax Book Number: 119.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2014
Closed on
May 13, 2015
Sold by
Viking Queen Llc
Bought by
Miles Casey R and Miles Julie A
Seller's Agent
Sam Pollina
Realty Executives
Buyer's Agent
Stan Hughes
HomeSmart
List Price
$215,000
Sold Price
$185,000
Premium/Discount to List
-$30,000
-13.95%
Current Estimated Value
$671,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,266
Avg. Annual Appreciation
13.20%
Original Mortgage
$138,750
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2014
Closed on
May 5, 2015
Sold by
Johnson Mark
Bought by
Viking Queen Llc
Seller's Agent
Sam Pollina
Realty Executives
Buyer's Agent
Stan Hughes
HomeSmart
List Price
$215,000
Sold Price
$185,000
Premium/Discount to List
-$30,000
-13.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2004
Sold by
Johnson Mark
Bought by
Viking Queen Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 2004
Sold by
Gagliano Frank
Bought by
Johnson Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 1, 2004
Sold by
Gagliano Frank
Bought by
1916 E Fairmount Ave Llc

Purchase Details

Closed on
Mar 2, 2001
Sold by
Davis Mark W
Bought by
Gagliano Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2001
Sold by
Davis Mark W
Bought by
Gagliano Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2001
Sold by
Davis Mark W
Bought by
Davis Family Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 1999
Sold by
White Steven A and White Geraldine F
Bought by
Davis Mark W

Purchase Details

Closed on
Oct 16, 1998
Sold by
Stertz Thomas H and Stertz Kimberly A
Bought by
White Steven A and White Geraldine F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,450
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 1995
Sold by
Sundin Stephen S
Bought by
Sundin Stephen S and Stephen Sundin Living Trust
Source: Public Records

Range of Values:

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Average Value
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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
Miles Casey R $185,000 Security Title Agency
Viking Queen Llc -- Security Title Agency Inc
Viking Queen Llc -- --
Johnson Mark $230,000 Westland Title Agency Of Az
1916 E Fairmount Ave Llc -- --
Gagliano Frank $145,000 First American Title
Gagliano Frank $145,000 First American Title
Davis Family Homes Llc -- --
Davis Mark W $117,500 First American Title
White Steven A $80,500 Fidelity Title
Sundin Stephen S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miles Casey R $138,750
Previous Owner Johnson Mark $184,000
Previous Owner Gagliano Frank $108,750
Previous Owner Gagliano Frank $108,750
Previous Owner White Steven A $72,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2015 05/18/15 Sold $185,000 -14.0% $94 / Sq Ft
04/15/2015 04/15/15 Pending -- -- --
10/22/2014 10/22/14 For Sale $215,000 -- $110 / 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
2025 $1,548 $11,908 -- --
2024 $1,530 $11,341 -- --
2023 $1,530 $45,020 $9,000 $36,020
2022 $1,470 $33,210 $6,640 $26,570
2021 $1,506 $30,450 $6,090 $24,360
2020 $1,469 $25,130 $5,020 $20,110
2019 $1,459 $19,930 $3,980 $15,950
2018 $1,429 $15,750 $3,150 $12,600
2017 $1,374 $15,800 $3,160 $12,640
2016 $1,321 $13,030 $2,600 $10,430
2015 $1,229 $11,480 $2,290 $9,190
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Sam Pollina

    Realty Executives

  • S

    Buyer's Agent in 2015

    Stan Hughes

    HomeSmart

    (480) 898-1234

    4 Total Sales

    Stan Hughes
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5190804

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-28-126

Arizona Maricopa County Phoenix 85016 Camelback East Village

1916 E Fairmount Ave, Phoenix, AZ

This home is located at 1916 E Fairmount Ave, Phoenix, AZ 85016 since 22 October 2014 and is currently estimated at $671,266, approximately $342 per square foot. This property was built in 1954. 1916 E Fairmount Ave is a home located in Maricopa County with nearby schools including Loma Linda Elementary School, North 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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