NOT LISTED FOR SALE

2625 E Turney Ave Phoenix, AZ 85016

Camelback East Village Neighborhood

Estimated Value: $1,048,000 - $2,482,001

14 Beds
8 Baths
1,600 Sq Ft
$1,176/Sq Ft Est. Value

Last Sold August 23, 2012

Last sale price $550,000 $344 Per Sq Ft

Est. 242% increase in value since last sale

Current estimated payment $10,936/month

62 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Painted or Stained Flooring
  • Phoenix Coding Academy Rated A

About This Home

As of August 2012

WOW. Great Investment opportunity. Completely updated 8-Plex in the BIltmore area. Extensive updates include granite counters, paint, dual pane windows, doors,tile, cabinets, counters, roof, A/C units. On the outside, paint landscape and pool have been updated along with covered parking added. Laundry room also added which increases revenue. Ready for a new owner to buy the property and reap the benefits.

Last Agent to Sell the Property

Karl Stauffer

RealtyONEGroup Mountain Desert License #BR116092000 Listed on: 06/01/2012

RealtyONEGroup Mountain Desert

Co-Listed By

Jason Hersker

Capital Asset Management License #SA576507000

Last Buyer's Agent

Jason Button

Coldwell Banker Realty License #BR631499000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,447

Year Built

  • Built in 1958

Lot Details

  • 0.55

Home Design

  • Composition Shingle Roof
  • Block Exterior
  • Stucco

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven
  • Dishwasher

Flooring

  • Painted or Stained Flooring
  • Ceramic Tile

Parking

  • Over 1 Space Per Unit
  • Paved Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electric, gas
  • The owner pays for landscaping, pool/spa maintenance, sewer, trash collection, water

Community Details

Overview

  • $2,786 per year Dock Fee
  • 8 Units
  • Building Dimensions are .24

Recreation

  • Heated Community Pool

Building Details

  • Insurance Expense $2,796

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,447

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Appliances Included: Dishwasher, F/S Oven/Range, Refrigerator
  • Construction Finish: Painted, Stucco
  • Cross Street: 26th Street and Camelback
  • Floors: Ceramic Tile
  • Legal Info Lot Number: 13
  • Legal Info Range: 3E
  • Legal Info Section: 23
  • Legal Info Township: 2N
  • Roads Streets: Asphalt
  • Property Type: F
  • Hndrd Blk Directionl: E
  • Hundred Block: 2600
  • Legal Description Abbrev: Citrus Heights Lts 10-33
  • Marketing Name: Citrus Heights
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 6.00
  • Map Code Grid: P35
  • Year Built: 1958
  • Tax Year: 2011
  • Directions: South on 26th to Turney, W to property on south side of road. Please do not disturb Tenants.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Fenced, Landscape Wtr System
  • Roofing: Comp Shingle
  • Construction: Block

Garage/Parking

  • Parking: >1 Space Per Unit, Carport, Paved Parking
  • Total Parking Spaces: 14.00
  • Covered Parking Spaces: 8.00

Utilities

  • Water: City Franchise
  • Electric: SRP
  • Gas: SW Gas
  • Cooling: Electric
  • Heating: Natural Gas

Condo/Co-op/Association

  • Community Amenities: Pool

Schools

  • Elementary School: Other
  • Middle School: Other
  • High School: Other

Lot Info

  • Lot Size: .24

Multi Family

  • Income And Expenses Adjusted Gross Inc: 4200.00
  • Income And Expenses Annual Elec Exp: 1260.00
  • Income And Expenses Annual Ins Exp: 2796.00
  • Income And Expenses Annual Landscape Exp: 2400.00
  • Income And Expenses Annual Maint Exp: 1920.00
  • Income And Expenses Annual Other Expense: 2436.00
  • Income And Expenses Annual Trash Exp: 3120.00
  • Income And Expenses Annual Water Sewer Exp: 4980.00
  • Income And Expenses Net Operating Income: 47902.00
  • Income And Expenses Operating Exp: 21698.00
  • Income And Expenses Other Income: 4200.00
  • Income And Expenses Totl Mnth Rntal Inc: 5450.00
  • Number Of One Bedroom Units: 2
  • Number Of Two Bedroom Units: 6
  • One Bedroom Units Avg Rent: 600.00
  • One Bedroom Units Avg Sq Ft: 700
  • One Bedroom Units Baths: 1
  • Owner Pays: Landscaping, Pool/Spa Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric, Gas
  • Total Numberof Buildings: 2
  • Total Numberof Units: 8.00
  • Two Bedroom Units Avg Rent: 700.00
  • Two Bedroom Units Avg Sq Ft: 900
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 2786.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2019
Sold by
Investpath Group Llc
Bought by
Siverado Turney Ii Llc
Total Days on Market
62
Current Estimated Value
$1,882,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$487,416
Interest Rate
3.7%
Mortgage Type
Construction
Estimated Equity
$1,394,584

Purchase Details

Closed on
Mar 1, 2018
Sold by
Spencer Bud and Spencer Jeri M
Bought by
Investapath Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.04%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jun 1, 2012
Closed on
Aug 15, 2012
Sold by
Baker Wayne
Bought by
Spencer Bud and Spencer Jeri M
Seller's Agent
Karl Stauffer
RealtyONEGroup Mountain Desert
Buyer's Agent
Jason Button
Coldwell Banker Realty
List Price
$579,000
Sold Price
$550,000
Premium/Discount to List
-$29,000
-5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.10%
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
Siverado Turney Ii Llc $1,540,000 Chicago Title Agency Inc
Investapath Group Llc $1,000,000 American Title Service Agenc
Spencer Bud $550,000 Equity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Siverado Turney Ii Llc $1,000,000
Previous Owner Investapath Group Llc $700,000
Previous Owner Baker Wayne L $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2012 08/23/12 Sold $550,000 -5.0% $344 / Sq Ft
08/02/2012 08/02/12 Pending -- -- --
06/01/2012 06/01/12 For Sale $579,000 -- $362 / 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 $4,447 $35,806 -- --
2024 $4,328 $34,101 -- --
2023 $4,328 $157,610 $31,520 $126,090
2022 $4,199 $127,920 $25,580 $102,340
2021 $4,235 $105,810 $21,160 $84,650
2020 $4,169 $96,110 $19,220 $76,890
2019 $4,078 $72,730 $14,540 $58,190
2018 $3,978 $56,030 $11,200 $44,830
2017 $3,790 $56,230 $11,240 $44,990
2016 $3,659 $49,720 $9,940 $39,780
2015 $3,399 $41,930 $8,380 $33,550
Source: Public Records

Agents Affiliated with this Home

  • Karl Stauffer

    Seller's Agent in 2012

    Karl Stauffer

    RealtyONEGroup Mountain Desert

    (602) 316-2355

    1 in this area

    15 Total Sales

    Karl Stauffer
    Section Image

  • J

    Seller Co-Listing Agent in 2012

    Jason Hersker

    Capital Asset Management

  • Jason Button

    Buyer's Agent in 2012

    Jason Button

    Coldwell Banker Realty

    (602) 400-9538

    25 Total Sales

    Jason Button
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4773233

Arizona Regional Multiple Listing Service (ARMLS)

APN: 163-08-021K

Arizona Maricopa County Phoenix 85016 Camelback East Village

2625 E Turney Ave, Phoenix, AZ

This home is located at 2625 E Turney Ave, Phoenix, AZ 85016 since 01 June 2012 and is currently estimated at $1,882,000, approximately $1,176 per square foot. This property was built in 1958. 2625 E Turney Ave is a home located in Maricopa County with nearby schools including Madison Camelview Elementary, 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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