NOT LISTED FOR SALE
10 Beds
-- Baths
4,750 Sq Ft
1965 Built

Sale Details

Date Sold: February 28, 2022

Last sale price $2,125,000 $447 Per Sq Ft

59 Days on Market

Highlights

  • Community Barbecue Grill
  • Desert Landscape
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System
  • Fenced

About This Home

As of February 2022

C H A R T E R O A K S is a eight-unit apartment community positioned in the heart of Camelback East offering a rapidly expanding dining scene underpinned by the established employment opportunities of Camelback, 44th Street, Phoenix Airport, & the Innovation Corridors. Charter Oaks maintains access to a strong economic landscape led by ±278,900 total employees housed across ±3,700 businesses including national names such as Wells Fargo,Freeport McMoRan, JPMorgan Chase, Honeywell, and Southwest Airlines. The property is further enhanced by its proximity to innovative healthcare initials including the highly anticipated Valleywise Health Medical Center expansion
and a variety of new office developments such as Central Park and Astra that highlight the desirability of the area and its economic strength. Charter Oak's position within Camelback East also affords the property access to a growing restaurant scene dispersed across central Phoenix & Scottsdale providing
one-of-a-kind dining opportunities across all cuisine types.Developed in 1961, Charter Oaks is comprised of a complementary mix of one- and two bedroom floor plans - all units averaging 650 square feet. All units have been fully renovated including in-suite laundry and large front patios.

Last Agent to Sell the Property

Craig Young

Real Broker License #BR107286000 Listed on: 09/16/2021

Real Broker

Co-Listed By

Adam Ottosen

Real Broker License #SA585471000

Last Buyer's Agent

Aaron Dutcher

My Home Group Real Estate License #BR525412000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,185

Year Built

  • Built in 1965

Lot Details

  • Fenced
  • Desert Landscape

Home Design

  • Tile Roof
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vertical Blinds

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • 10 Parking Spaces
  • 7 Covered Spaces
  • Free Parking
  • Paved Parking
  • On-Street Parking
  • 3 Open Parking Spaces
  • Assigned Parking

Schools

  • Creighton Elementary School
  • Camelback High School

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter
  • Water Rights
  • Master Water Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • The owner pays for water, sewer, trash collection, landscaping
  • Legal Lot and Block 133 / 2900
  • Assessor Parcel Number 120-25-096

Community Details

Overview

  • 8 Units
  • Building Dimensions are 98 x 134
  • E Thomas Rd Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $29,730
  • Gross Income $128,780
  • Net Operating Income $99,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,185

Year Built

Built in 1965

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: E Oak Street
  • Property Type: Multiple Dwellings
  • Zoning: RES
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6441.0
  • Co List Office Mls Id: cpl001
  • Co List Office Phone: 480-794-1694
  • Subdivision Name: E THOMAS RD
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Central Air, Electric, Individual, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: Individual Meter, SRP
  • Special:Special: Accept Backups (CLO), Owner/Agent
  • Sale Includes:Sale Includes: Land & Building, Laundry Equipment, Other (See Remarks)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Microwave, Washer/Dryer
  • Interior Features:Interior Features: Unfurnished, Fire/Smoke Alarm(s), Mini Blinds, Vertical Blinds

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: Other (See Remarks)
  • Construction Type: Block, Painted
  • Roof: Tile, Composition
  • Exterior Amenities: Curb(s) & Gutter(s), Sidewalk(s), Green Landscaping, Desert Landscaping, Fenced, Cable TV Available, Security Light(s)

Garage/Parking

  • Total Covered Spaces: 7.0
  • Parking Features: Open, Paved, On Street, >1 Space Per Unit, Assigned
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 10.0
  • Parking Features:Parking Features: Free, Paved, On Street, >1 Space Per Unit, Assigned

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central Air, Electric, Varies by Unit, Ceiling Fan(s)
  • Heating: Varies by Unit, Central
  • Security: Security Light(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise, Irrigation, Water Rights Grandfathered
  • Gas:Gas: Individual Meter, SW Gas

Condo/Co-op/Association

  • Community Features: No Pool, Barbecue

Fee Information

  • Annual Water Sewer Expense: 7504.0

Schools

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

Lot Info

  • Lot Size: 98 x 134
  • Additional Parcels: No
  • Parcel #: 120-25-096

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Gas, Cable TV
  • Number Of Units Total: 8
  • Annual Gross Income: 128780.0
  • Insurance Expense: 1800.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 99040.0
  • Annual Operating Expense: 29730.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 3185.0
  • Tax Block: 2900
  • Tax Book Number: 120.0
  • Tax Lot: 133

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
May 13, 2021
Sold by
29Th Street Amigos 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
$900,000
Outstanding Balance
$799,837
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2019
Sold by
Smith Douglas G
Bought by
29Th St Amigos Llc

Purchase Details

Closed on
Feb 14, 2019
Sold by
Tasman Llc
Bought by
Lion Acquisitions Llc

Purchase Details

Listed on
Jun 20, 2013
Closed on
Oct 24, 2013
Sold by
Fink Michael J and Colbert Cheryl A
Bought by
Tasman Llc
Seller's Agent
Cheryl Colbert
Realty ONE Group
Buyer's Agent
Germain Villeneuve
Keller Williams Arizona Realty
List Price
$540,000
Sold Price
$425,000
Premium/Discount to List
-$115,000
-21.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2005
Sold by
Szabo Pal and Szabo Eileen
Bought by
Aztec Custom Homes

Purchase Details

Closed on
Jul 24, 2001
Sold by
Hightower James B and Hightower Ruth K
Bought by
Fink Michael J and Colbert Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,117
Interest Rate
7%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Camelback East Village, AZ

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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
$1,400,000 Chicago Title Agency Inc
29Th St Amigos Llc -- None Available
Lion Acquisitions Llc $568,000 Pioneer Title Agency Inc
Smith Doug G $665,000 Pioneer Title Agency Inc
Tasman Llc $425,000 Security Title Agency
Aztec Custom Homes $120,000 Ticor Title Agency Of Az Inc
Fink Michael J $275,000 Security 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 $900,000
Previous Owner Tasman Llc $255,000
Previous Owner Colbert Cheryl Ann $292,000
Previous Owner Fink Michael J $75,000
Previous Owner Fink Michael J $210,117
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 Prior Sale
02/28/2022 02/28/22 Sold $2,125,000 -2.3% $447 / Sq Ft
11/14/2021 11/14/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $2,175,000 +411.8% $458 / Sq Ft
11/16/2013 11/16/13 Sold $425,000 -21.3% $89 / Sq Ft View Prior Sale
09/17/2013 09/17/13 Pending -- -- --
06/19/2013 06/19/13 For Sale $540,000 -- $114 / 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 $3,402 $25,184
2024 $3,236 $23,985
2023 $3,236 $96,650 $19,330 $77,320
2022 $3,109 $71,350 $14,270 $57,080
2021 $3,185 $58,520 $11,700 $46,820
2020 $3,107 $47,730 $9,540 $38,190
2019 $3,086 $39,880 $7,970 $31,910
2018 $3,022 $36,670 $7,330 $29,340
2017 $2,905 $31,560 $6,310 $25,250
2016 $2,793 $27,410 $5,480 $21,930
2015 $2,598 $24,770 $4,950 $19,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6296086

Arizona Regional Multiple Listing Service (ARMLS)
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