NOT LISTED FOR SALE

2542 N 46th St Phoenix, AZ 85008

Camelback East Village Neighborhood

Estimated Value: $840,386 - $1,308,000

1 Bed
-- Bath
3,657 Sq Ft
$282/Sq Ft Est. Value

Last Sold December 30, 2016

Last sale price $400,000 $109 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $5,678/month

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of December 2016

Well maintained Fourplex situated south of Acradia. Great investment and/or owner-occupy opportunity with current leases being month to month. Additional income possibilities with on-site laundry and storage units. Drive-by only. Please do not disturb tenants.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 12/09/2016

Co-Listed By

Michael Gagnon

Steady Compass Real Estate License #BR579450000

Last Buyer's Agent

Linda CCIM

Stephen Magee Int'l Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,606

Year Built

  • Built in 1964

Lot Details

  • 0.26

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • Assigned Parking

Schools

  • Griffith Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 12
  • Assessor Parcel Number 126-08-014

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11,400
  • Thomas Mall Sub Subdivision

Building Details

  • Operating Expense $11,179
  • Gross Income $31,428
  • Net Operating Income $14,154

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,606

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: Thomas and 46th St
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2016
  • Directions: From Thomas Rd go south on 46th St. Property is just south of Virginia Ave and on the west side of street.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: gerc01
  • Co List Office Phone: 602-688-9279
  • Subdivision Name: THOMAS MALL SUB
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 2823.0

Schools

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

Lot Info

  • Lot Size: 11,400
  • Additional Parcels: No
  • Parcel #: 126-08-014

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 750.0
  • Annual Gross Income: 31428.0
  • Insurance Expense: 3500.0
  • Maintenance Expense: 700.0
  • Property Net Operating Income: 14154.0
  • Annual Operating Expense: 11179.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1606.0
  • Tax Book Number: 126.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2021
Sold by
Hesse Michael J
Bought by
Michael J Hesse Living Trust and Hesse
Current Estimated Value
$1,040,879

Purchase Details

Listed on
Dec 9, 2016
Closed on
Dec 14, 2016
Sold by
Frere Rick and Frere Deborah
Bought by
Hesse Michael
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$420,000
Sold Price
$400,000
Premium/Discount to List
-$20,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.20%
Original Mortgage
$392,755
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 2012
Sold by
Greene Mickey
Bought by
The Rick & Debh Frere Trust

Purchase Details

Closed on
Nov 17, 2011
Sold by
Frere Deborah
Bought by
The Rick & Deb Frere Trust

Purchase Details

Closed on
Nov 20, 1996
Sold by
Holdorf Betty Lou
Bought by
Holdorf Betty L and Holdorf Living Trust
Source: Public Records

Range of Values:

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Average Value
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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
Michael J Hesse Living Trust -- None Listed On Document
Hesse Michael $400,000 Empire West Title Agency
The Rick & Debh Frere Trust -- None Available
The Rick & Deb Frere Trust -- None Available
Greene Mickey -- None Available
The Rick & Deb Frere Trust -- None Available
Greene Mickey -- None Available
Holdorf Betty L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hesse Michael $392,755
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2016 12/30/16 Sold $400,000 -4.8% $109 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
12/09/2016 12/09/16 For Sale $420,000 -- $115 / 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 $1,916 $15,957 -- --
2024 $1,898 $15,197 -- --
2023 $1,898 $84,300 $16,860 $67,440
2022 $1,830 $56,550 $11,310 $45,240
2021 $1,860 $49,830 $9,960 $39,870
2020 $1,826 $38,250 $7,650 $30,600
2019 $1,819 $28,920 $5,780 $23,140
2018 $1,714 $25,380 $5,070 $20,310
2017 $1,642 $24,430 $4,880 $19,550
2016 $1,606 $24,020 $4,800 $19,220
2015 $1,507 $16,100 $3,220 $12,880
Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2016

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    18 in this area

    119 Total Sales

    Linda Gerchick
    Section Image
  • Michael Gagnon

    Seller Co-Listing Agent in 2016

    Michael Gagnon

    Steady Compass Real Estate

    (602) 903-5972

    10 in this area

    23 Total Sales

    Michael Gagnon
    Section Image

  • L

    Buyer's Agent in 2016

    Linda CCIM

    Stephen Magee Int'l Properties

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5534510

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-08-014

Arizona Maricopa County Phoenix 85008 Camelback East Village

2542 N 46th St, Phoenix, AZ

This home is located at 2542 N 46th St, Phoenix, AZ 85008 since 09 December 2016 and is currently estimated at $1,029,847, approximately $281 per square foot. This property was built in 1964. 2542 N 46th St is a home located in Maricopa County with nearby schools including Griffith Elementary School, Camelback 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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