K
Seller's Agent in 2023
Karlie Magana
Orion Investment Real Estate
2102 E Fairmount Ave Phoenix, AZ 85016
Camelback East Village NeighborhoodEstimated Value: $555,000 - $868,000
--
Bed
5
Baths
4,700
Sq Ft
$152/Sq Ft
Est. Value
Highlights
- RV or Boat Parking
- Ceramic Tile Flooring
- Ceiling Fan
- Phoenix Coding Academy Rated A
- Central Heating and Cooling System
About This Home
As of September 2023The property is located just south of The Esplanade & Biltmore Fashion Park in the heart of Phoenix. Currently, the property has 2 buildings that are made up of one single-family home & a Triplex. The offering consists of 1 parcel 17,642 of square feet zoned R-3. The property is conveniently located just south of Indian School Road with proximity to SR-51, allowing access to the Loop 202 and I-10 Freeway. The immediate neighborhood has seen a resurgence of redevelopment with new Class A townhomes, Apartments, and single-family redevelopments.
Last Agent to Sell the Property
Karlie Magana
Orion Investment Real Estate License #SA692702000 Listed on: 08/01/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,161
Year Built
- Built in 1960
Lot Details
- 0.41
Home Design
- Composition Roof
- Foam Roof
- Block Exterior
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 7 Parking Spaces
- 7 Covered Spaces
- Common or Shared Parking
- Free Parking
- Paved Parking
- RV or Boat Parking
- Assigned Parking
Additional Features
- Ceiling Fan
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, water, sewer
- The owner pays for trash collection, landscaping
- Assessor Parcel Number 119-21-026-M
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 66 x 271
Building Details
- Operating Expense $12,039
- Gross Income $62,829
- Net Operating Income $54,097
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2023
Closed on
Oct 4, 2023
Sold by
Valcam 1 Llc and 2102 E Fairmount Llc
Bought by
Wey Jaclyn C and Huang Lawrence P
Seller's Agent
Karlie Magana
Orion Investment Real Estate
Buyer's Agent
Carrie Lehrman
SRL Group
List Price
$869,000
Sold Price
$869,000
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$91,806
Avg. Annual Appreciation
-8.34%
Original Mortgage
$650,000
Outstanding Balance
$637,481
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$78,801
Purchase Details
Listed on
Nov 24, 2021
Closed on
Jun 7, 2022
Sold by
Wayne Francis Dale
Bought by
Valcam 1 Llc
Seller's Agent
David Benton
AXIS Real Estate
Buyer's Agent
David Benton
AXIS Real Estate
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.10%
Original Mortgage
$520,000
Interest Rate
5.09%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Nov 13, 2015
Sold by
Cuevas Jennifer Marie and The Banes Family Trust
Bought by
Francis Dale Wayne
Purchase Details
Closed on
Jan 30, 2003
Sold by
Banes Robert and Banes Myra
Bought by
Banes Robert L and Banes Myra L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
5.97%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 10, 1998
Sold by
Banes Robert L and Banes Myra L
Bought by
Banes Robert L and Banes Myra L
Purchase Details
Closed on
Feb 4, 1998
Sold by
Banes Robert L and Banes Myra L
Bought by
Banes Robert and Banes Myra
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
6.95%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 13, 1997
Sold by
Banes Robert L and Banes Myra L
Bought by
Banes Robert L and Banes Myra L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wey Jaclyn C | $869,000 | Commonwealth Land Title | |
| Valcam 1 Llc | $700,000 | Commonwealth Land Title | |
| Francis Dale Wayne | -- | None Available | |
| Banes Robert L | -- | Fidelity National Title | |
| Banes Robert | -- | Fidelity National Title | |
| Banes Robert L | -- | -- | |
| Banes Robert | -- | Nations Title Insurance | |
| Banes Robert L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wey Jaclyn C | $650,000 | |
| Previous Owner | Valcam 1 Llc | $520,000 | |
| Previous Owner | Banes Robert | $153,000 | |
| Previous Owner | Banes Robert | $138,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/29/2023 09/29/23 | Sold | $869,000 | 0.0% | $185 / Sq Ft | |
| 08/08/2023 08/08/23 | Pending | -- | -- | -- | |
| 08/07/2023 08/07/23 | Pending | -- | -- | -- | |
| 08/01/2023 08/01/23 | For Sale | $869,000 | +24.1% | $185 / Sq Ft | |
| 06/10/2022 06/10/22 | Sold | $700,000 | -6.7% | $149 / Sq Ft | View Prior Sale |
| 01/10/2022 01/10/22 | Pending | -- | -- | -- | |
| 12/04/2021 12/04/21 | For Sale | $750,000 | 0.0% | $160 / Sq Ft | |
| 11/30/2021 11/30/21 | Pending | -- | -- | -- | |
| 11/24/2021 11/24/21 | For Sale | $750,000 | -- | $160 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,273 | $10,001 | -- | -- |
| 2024 | $1,285 | $9,525 | -- | -- |
| 2023 | $1,285 | $36,250 | $7,250 | $29,000 |
| 2022 | $1,161 | $26,800 | $5,360 | $21,440 |
| 2021 | $1,196 | $26,210 | $5,240 | $20,970 |
| 2020 | $1,166 | $22,180 | $4,430 | $17,750 |
| 2019 | $1,159 | $16,920 | $3,380 | $13,540 |
| 2018 | $1,134 | $14,520 | $2,900 | $11,620 |
| 2017 | $1,089 | $13,460 | $2,690 | $10,770 |
| 2016 | $1,046 | $11,360 | $2,270 | $9,090 |
| 2015 | $974 | $9,720 | $1,940 | $7,780 |
Source: Public Records
Agents Affiliated with this Home
-
-
Carrie Lehrman
Buyer's Agent in 2023
Carrie Lehrman
SRL Group
(480) 338-9641
16 in this area
73 Total Sales
-
David Benton
Seller's Agent in 2022
David Benton
AXIS Real Estate
(602) 478-6117
8 in this area
29 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6587222
APN: 119-21-026M
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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