NOT LISTED FOR SALE

2503 E Clarendon Ave Phoenix, AZ 85016

Camelback East Village Neighborhood
24 Beds
12 Baths
850 Sq Ft
1960 Built

Sale Details

Date Sold: October 15, 2019

Last sale price $1,680,000 $1,976 Per Sq Ft

122 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Community Barbecue Grill
  • Phoenix Coding Academy Rated A
  • Resident Manager or Management On Site
  • Ceramic Tile Flooring

About This Home

As of October 2019

100% Occupancy. Prime Opportunity in Biltmore Corridor. Clarendon 12 features 12 units - All 2 Bed / 1 bath 801 Sq Ft. This Two-story 12 unit building has coin-op laundry, bbqs and community pool. Over the past 20 months, owner has done hundreds of thousands of dollars in remodeling and improvements. Individually metered for electric and gas. Clarendon 12 is in one of the hottest real estate markets in the Valley of the Sun. With tremendous employment, retail, entertainment and dining nearby and its close proximity to freeways and downtown, this is an area that will continue in growth and revitalization. There is still room to raise rents here. Figures stated are actual. Look under docs for a proforma comparison. 2503 to 2549 is available as a package of 24 units for $3.8M MLS# 5891936

Last Agent to Sell the Property

Howard Rudin

West USA Realty License #SA527947000 Listed on: 04/14/2019

West USA Realty

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,317

Year Built

  • Built in 1960

Home Design

  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Lot Details

  • Additional Parcels

Schools

  • Larry C Kennedy Elementary And Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Assessor Parcel Number 119-05-053

Community Details

Overview

  • 12 Units
  • Building Dimensions are 104x216

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $33,749
  • Gross Income $125,185
  • Net Operating Income $91,851

Additional Features

  • Community Barbecue Grill
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,317

Year Built

Built in 1960

Listing Details

  • Cross Street: 32nd Street & Osborn. West on Osborn to 26th Place
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6252.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Manager Res/Office, Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Fuel Expense: 660.0
  • Trash Expense: 2400.0
  • Annual Water Sewer Expense: 4200.0

Schools

  • Elementary School: Larry C Kennedy School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Larry C Kennedy School

Lot Info

  • Lot Size: 104x216
  • Additional Parcels: Yes
  • Parcel #: 119-05-053

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 12
  • Electric Expense: 1200.0
  • Annual Gross Income: 125185.2
  • Insurance Expense: 5200.0
  • Maintenance Expense: 4500.0
  • Property Net Operating Income: 91851.0
  • Annual Operating Expense: 33749.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 5317.0
  • Tax Book Number: 119.00
  • Tax Lot: 0

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
Aug 17, 2021
Sold by
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
$2,277,100
Interest Rate
0.04%
Mortgage Type
Construction

Purchase Details

Listed on
Apr 14, 2019
Closed on
Oct 8, 2019
Sold by
Bought by
Seller's Agent
Howard Rudin
West USA Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,800,000
Sold Price
$1,680,000
Premium/Discount to List
-$120,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,176,000
Interest Rate
0.035%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 5, 2017
Sold by
Bought by

Purchase Details

Listed on
Dec 6, 2014
Closed on
Jun 30, 2015
Sold by
Bought by
Seller's Agent
Patrick O'Sullivan
Get Multifamily
Buyer's Agent
Marty Hall
The Brokery
List Price
$1,200,000
Sold Price
$1,175,000
Premium/Discount to List
-$25,000
-2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
0.0401%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 10, 2013
Closed on
Jun 6, 2014
Sold by
Bought by
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Marla Wicks
DeLex Realty
List Price
$925,000
Sold Price
$825,000
Premium/Discount to List
-$100,000
-10.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.44%
Original Mortgage
$618,750
Interest Rate
0.0416%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 9, 2003
Sold by
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
$550,000
Interest Rate
0.0617%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 1997
Sold by
Bought by

Purchase Details

Closed on
Apr 10, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$2,550,000 American Title Svc Agcy Llc
$1,680,000 Pioneer Title Agency Inc
-- Pioneer Title Agency Inc
$2,125,000 None Available
$1,175,000 Chicago Title Agency Inc
$825,000 Chicago Title Agency Inc
$925,000 Tsa Title Agency
$418,000 Ati Title Agency
$237,000 Lawyers Title
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 $1,801,000
Closed $1,664,000
Closed $2,277,100
Previous Owner $1,176,000
Previous Owner $100,000
Previous Owner $763,000
Previous Owner $618,750
Previous Owner $550,000
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
10/15/2019 10/15/19 Sold $1,680,000 -6.7% $1,976 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
07/02/2019 07/02/19 For Sale $1,800,000 0.0% $2,118 / Sq Ft
07/02/2019 07/02/19 Price Changed $1,800,000 +7.1% $2,118 / Sq Ft
06/25/2019 06/25/19 Off Market $1,680,000 -- --
04/14/2019 04/14/19 For Sale $1,850,000 +57.4% $2,176 / Sq Ft
07/02/2015 07/02/15 Sold $1,175,000 -2.1% $1,382 / Sq Ft View Prior Sale
03/18/2015 03/18/15 Pending -- -- --
12/04/2014 12/04/14 For Sale $1,200,000 +45.5% $1,412 / Sq Ft
06/23/2014 06/23/14 Sold $825,000 -10.8% $971 / Sq Ft View Prior Sale
04/18/2014 04/18/14 Pending -- -- --
12/09/2013 12/09/13 For Sale $925,000 -- $1,088 / 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 $5,578 $41,300
2024 $5,307 $39,334
2023 $5,307 $168,820 $23,910 $144,910
2022 $5,099 $122,050 $17,290 $104,760
2021 $5,223 $110,520 $15,650 $94,870
2020 $5,096 $92,720 $13,130 $79,590
2019 $5,060 $75,710 $10,720 $64,990
2018 $4,956 $66,810 $9,460 $57,350
2017 $4,765 $54,740 $7,750 $46,990
2016 $4,580 $46,450 $6,580 $39,870
2015 $4,261 $41,570 $5,890 $35,680
Source: Public Records

Agents Affiliated with this Home

  • Howard Rudin

    Seller's Agent in 2019

    Howard Rudin

    West USA Realty

    (602) 390-8088

    6 in this area

    112 Total Sales

    Howard Rudin
    Section Image

  • N

    Buyer's Agent in 2019

    Non-MLS Agent

    Non-MLS Office

  • Patrick O'Sullivan

    Seller's Agent in 2015

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    5 in this area

    24 Total Sales

    Patrick O'Sullivan
    Section Image

  • M

    Seller Co-Listing Agent in 2015

    Marla Wicks

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • M

    Buyer's Agent in 2015

    Marty Hall

    The Brokery

    (480) 300-9726

    2 in this area

    4 Total Sales

    Marty Hall
    Section Image

  • L

    Seller's Agent in 2014

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5911493

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85016 Camelback East Village

2503 E Clarendon Ave, Phoenix, AZ

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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