NOT LISTED FOR SALE

2635 E Clarendon Ave Phoenix, AZ 85016

Camelback East Village Neighborhood

Estimated Value: $451,000 - $926,000

-- Bed
1 Bath
902 Sq Ft
$711/Sq Ft Est. Value

Last Sold May 23, 2022

Last sale price $1,000,000 $1,109 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $3,430/month

34 Days on Market

Highlights

  • Heated Community Pool
  • Evaporated cooling system
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of May 2022

Don't miss this infill redevelopment opportunity near Arcadia and Biltmore! 4 homes on 18,000 sf R3 zoned with 2 lots. Leases on month to month. Current rents $4050/mo. New 20 unit development coming next door.

Last Agent to Sell the Property

John Risi

HomeSmart License #BR633737000 Listed on: 03/21/2022

Last Buyer's Agent

Joshua Carlson

Gentry Real Estate License #SA569332000

Gentry Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $902

Year Built

  • Built in 1953

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking
  • On-Street Parking

Schools

  • Loma Linda Elementary School
  • Larry C Kennedy Middle School
  • Camelback High School

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 060
  • Assessor Parcel Number 119-06-049

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 120' X 152'

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $3,062
  • Gross Income $48,600
  • Net Operating Income $42,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$902

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: 26th St.
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Year Built: 1953
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Evaporative Cooling, Wall/Window Unit(s)
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Loma Linda Elementary 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: 120' X 152'
  • Additional Parcels: Yes
  • Parcel #: 119-06-049

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 48600.0
  • Insurance Expense: 2160.0
  • Property Net Operating Income: 42840.0
  • Annual Operating Expense: 3062.0

Tax Info

  • Tax Annual Amount: 902.0
  • Tax Book Number: 119.00
  • Tax Lot: 060

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2023
Sold by
Offer Climb Llc
Bought by
Take The Red Pill Llc
Current Estimated Value
$641,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Outstanding Balance
$684,446
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
-$43,043

Purchase Details

Listed on
Mar 21, 2022
Closed on
May 13, 2022
Sold by
Js Risi & Sons Builders Llc
Bought by
Offer Climb Llc
Seller's Agent
John Risi
HomeSmart
Buyer's Agent
Joshua Carlson
Gentry Real Estate
List Price
$975,000
Sold Price
$1,000,000
Premium/Discount to List
$25,000
2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.64%
Original Mortgage
$599,900
Interest Rate
5.3%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 12, 2020
Closed on
Oct 14, 2020
Sold by
Risi Companies Llc
Bought by
Js Risi & Sons Builders Llc
Seller's Agent
Marty Hall
HomeSmart
Buyer's Agent
Jonah Reinholz
Gentry Real Estate
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.72%
Original Mortgage
$442,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Aug 12, 2020
Closed on
Oct 13, 2020
Sold by
Phoenix 28 Mhp Llc
Bought by
Keyglee Holdings Inc
Seller's Agent
Marty Hall
HomeSmart
Buyer's Agent
Jonah Reinholz
Gentry Real Estate
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 9, 2017
Sold by
Smith Gail and Smith Gail Marie
Bought by
Phoenix 28 Mhp Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2016
Sold by
Smith Gail Marie
Bought by
Smith Gail Marie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Take The Red Pill Llc -- Security Title
Offer Climb Llc $1,000,000 Clear Title
Js Risi & Sons Builders Llc -- Fidelity Natl Ttl Agcy Inc
Risi Companies Llc $319,990 Fidelity National Title
Keyglee Holdings Inc $250,000 Fidelity National Title
Phoenix 28 Mhp Llc $315,000 Chicago Title Agency Inc
Smith Gail Marie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Take The Red Pill Llc $1,350,000
Previous Owner Offer Climb Llc $599,900
Previous Owner Js Risi & Sons Builders Llc $442,000
Previous Owner Phoenix 28 Mhp Llc $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2022 05/23/22 Sold $1,000,000 +2.6% $1,109 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $975,000 0.0% $1,081 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
03/17/2022 03/17/22 For Sale $975,000 +116.7% $1,081 / Sq Ft
10/16/2020 10/16/20 Sold $450,000 -9.1% $499 / Sq Ft View Prior Sale
09/19/2020 09/19/20 For Sale $495,000 0.0% $549 / Sq Ft
08/12/2020 08/12/20 For Sale $495,000 +57.1% $549 / Sq Ft
05/17/2017 05/17/17 Sold $315,000 -6.0% $349 / Sq Ft View Prior Sale
04/24/2017 04/24/17 Price Changed $335,000 0.0% $371 / Sq Ft
01/24/2017 01/24/17 Pending -- -- --
01/09/2017 01/09/17 For Sale $335,000 -- $371 / 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 $963 $7,132 -- --
2024 $917 $6,793 -- --
2023 $917 $30,170 $6,030 $24,140
2022 $881 $21,980 $4,390 $17,590
2021 $902 $19,260 $3,850 $15,410
2020 $880 $17,180 $3,430 $13,750
2019 $874 $14,850 $2,970 $11,880
2018 $856 $13,050 $2,610 $10,440
2017 $823 $10,970 $2,190 $8,780
2016 $791 $8,300 $1,660 $6,640
2015 $736 $6,780 $1,350 $5,430
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    John Risi

    HomeSmart

  • Joshua Carlson

    Buyer's Agent in 2022

    Joshua Carlson

    Gentry Real Estate

    (480) 695-4841

    9 in this area

    70 Total Sales

    Joshua Carlson
    Section Image

  • M

    Seller's Agent in 2020

    Marty Hall

    HomeSmart

  • J

    Buyer's Agent in 2020

    Jonah Reinholz

    Gentry Real Estate

    (480) 734-0333

    5 in this area

    98 Total Sales

    Jonah Reinholz
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6371588

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-06-049

Arizona Maricopa County Phoenix 85016 Camelback East Village

2635 E Clarendon Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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