NOT LISTED FOR SALE

1920 E Fairmount Ave Phoenix, AZ 85016

Camelback East Village Neighborhood

Estimated Value: $387,754 - $1,155,000

-- Bed
-- Bath
1,960 Sq Ft
$360/Sq Ft Est. Value

Last Sold June 30, 2015

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

Est. 281% increase in value since last sale

Current estimated payment $3,821/month

175 Days on Market

Highlights

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

About This Home

As of June 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. 1916 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

  • $824

Year Built

  • Built in 1954

Lot Details

  • 7,971

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 10 Open Parking Spaces
  • 10 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
  • Tax Lot C
  • Assessor Parcel Number 119-28-127

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7988 SqFt

Building Details

  • Operating Expense $5,920
  • Gross Income $19,800
  • Net Operating Income $13,844

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$824

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: Indian School Rd & 20th St.
  • Property Type: Multiple Dwellings
  • Zoning: 0
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2013
  • 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: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • 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
  • 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: 7988 SqFt
  • Additional Parcels: Yes
  • Parcel #: 119-28-127

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: 19800.0
  • Insurance Expense: 1316.0
  • Property Net Operating Income: 13844.0
  • Annual Operating Expense: 5920.0

Tax Info

  • Tax Annual Amount: 824.0
  • Tax Book Number: 119.00
  • Tax Lot: C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2014
Closed on
Jun 26, 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
$704,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$519,689
Avg. Annual Appreciation
13.58%
Original Mortgage
$138,750
Outstanding Balance
$109,642
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$595,047

Purchase Details

Listed on
Oct 22, 2014
Closed on
May 7, 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
Outstanding Balance
$109,642
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$595,047

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 2, 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
1920 E Fairmount Ave Llc

Purchase Details

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

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 23, 1997
Sold by
Sundin Stephen S
Bought by
Stertz Tom and Stertz Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
7.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 17, 1977
Sold by
Scott Helen T
Bought by
Rich Frank T and Rich Teresa A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Miles Casey R $185,000 Security Title Agency Inc
Viking Queen Llc -- Security Title Agency Inc
Viking Queen Llc -- --
Johnson Mark $230,000 Westland Title Agency Of Az
1920 E Fairmount Ave Llc -- --
Ddavis Homes Llc -- --
Davis Mark W $117,500 First American Title
White Steven A $80,500 Fidelity Title
Stertz Tom $130,000 Ati Title Agency
Rich Frank T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miles Casey R $138,750
Previous Owner Johnson Mark $184,000
Previous Owner White Steven A $72,450
Previous Owner Stertz Tom $110,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2015 06/30/15 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 $1,546 $11,446 -- --
2024 $1,471 $10,901 -- --
2023 $1,471 $44,810 $8,960 $35,850
2022 $1,413 $33,000 $6,600 $26,400
2021 $1,448 $30,230 $6,040 $24,190
2020 $1,412 $24,930 $4,980 $19,950
2019 $1,403 $19,730 $3,940 $15,790
2018 $1,374 $15,530 $3,100 $12,430
2017 $1,320 $15,400 $3,080 $12,320
2016 $1,270 $12,630 $2,520 $10,110
2015 $1,181 $11,080 $2,210 $8,870
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: 5190807

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-28-127

Arizona Maricopa County Phoenix 85016 Camelback East Village

1920 E Fairmount Ave, 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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