$450,000
SOLD OCT 16, 2020
-- Bed
-- Bath
902 Sq Ft
9,017 Sq Ft Lot

Recently Sold

$499 Per Sq Ft

9% Below List Price

40 Days on Market

Highlights

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

About This Home

As of May 2022

3BD/1BA house on one parcel (2635 E. Clarendon Ave) and (3) detached rental cottages on adjacent parcel (2631 E. Clarendon Ave). (2) 60' X 152' side by side parcels being sold together. Perfect setup for an owner occupant with three rental units. Fully occupied. Month to month leases. Property is being sold ''As Is''. Needs work and as a result priced to sell. 3BD/1BA house has an empty pool in the back that has been inspected and concluded to be made usable.

Last Agent to Sell the Property

Marty Hall

HomeSmart License #SA588174000 Listed on: 08/12/2020

Last Buyer's Agent

Jonah Reinholz

Gentry Real Estate License #SA691597000

Gentry Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,298

Year Built

  • Built in 1953

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
  • Heat Pump System

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

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 $2,298
  • Gross Income $35,472
  • Net Operating Income $26,604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,298

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
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2019
  • Directions: Indian School Road south to 26th Street east to address.
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Utilities

  • Electric: SRP
  • Cooling: Evaporative Cooling, Heat Pump
  • 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: 35472.0
  • Property Net Operating Income: 26604.0
  • Annual Operating Expense: 2298.0

Tax Info

  • Tax Annual Amount: 2298.0
  • 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
Total Days on Market
40
Current Estimated Value
$649,417

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
$861,754
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
-$208,607

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
-13.15%
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
$440,000
Interest Rate
2.8%
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
$440,000
Interest Rate
2.8%
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

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Security Title
Warranty Deed $1,000,000 Clear Title
Interfamily Deed Transfer -- Fidelity Natl Ttl Agcy Inc
Warranty Deed $319,990 Fidelity Natl Ttl Agcy Inc
Warranty Deed $250,000 Fidelity Natl Ttl Agcy Inc
Warranty Deed $315,000 Chicago Title Agency Inc
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,350,000 New Conventional
Previous Owner $599,900 Construction
Previous Owner $440,000 Future Advance Clause Open End Mortgage
Previous Owner $442,000 Future Advance Clause Open End Mortgage
Previous Owner $1,480,000 Commercial
Previous Owner $200,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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 $927 $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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6116304

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-06-049