NOT LISTED FOR SALE

2727 E Montecito Ave Phoenix, AZ 85016

Camelback East Village Neighborhood

Estimated Value: $708,000 - $965,000

1 Bed
-- Bath
2,741 Sq Ft
$319/Sq Ft Est. Value

Last Sold November 16, 2017

Last sale price $511,000 $186 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,782/month

4 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

As of November 2017

Exceptional investment property, completely remodeled with designer interiors. This is a perfect property for an Airbnb Rental or investor looking to own with minimal maintenance. The triplex has been painted, newer A/C units, remodeled interiors. It will be almost impossible for a tenant to rent something nicer without paying nearly double in the area.

Last Agent to Sell the Property

Sean Zimmerman

Compass License #SA647231000 Listed on: 10/06/2017

Compass

Co-Listed By

Christopher Vlad

HomeSmart Realty License #SA653373000

Last Buyer's Agent

Aaron Carter

Cambridge Properties License #BR646960000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,797

Year Built

  • Built in 1959

Lot Details

  • 8,494

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Wood Flooring

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces

Schools

  • Camelback High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 5
  • Assessor Parcel Number 163-08-070

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8476
  • Brown Terrace Subdivision

Building Details

  • Operating Expense $4,797
  • Gross Income $37,200
  • Net Operating Income $29,403

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,797

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: Camelback & 28th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1959
  • Tax Year: 2016
  • Road Surface Type: Concrete
  • Co List Office Mls Id: laun001
  • Co List Office Phone: 480-776-1555
  • Subdivision Name: BROWN TERRACE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Garage Details: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric
  • 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:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Drapes2: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Fee Information

  • Annual Water Sewer Expense: 1440.0

Schools

  • High School: Camelback High School

Lot Info

  • Lot Size: 8476
  • Additional Parcels: No
  • Parcel #: 163-08-070

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 37200.0
  • Insurance Expense: 1560.0
  • Property Net Operating Income: 29403.0
  • Annual Operating Expense: 4797.0

Tax Info

  • Tax Annual Amount: 1797.0
  • Tax Book Number: 163.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2018
Sold by
Fisher Neil A and Molaver Steven P
Bought by
Nest On Montecito Llc
Current Estimated Value
$874,850

Purchase Details

Listed on
Oct 6, 2017
Closed on
Nov 13, 2017
Sold by
Godin Normand P
Bought by
Fisher Neil A and Molaver Steven P
Seller's Agent
Sean Zimmerman
Compass
Buyer's Agent
Aaron Carter
Cambridge Properties
List Price
$510,000
Sold Price
$511,000
Premium/Discount to List
$1,000
0.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
Original Mortgage
$383,250
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2003
Sold by
Smith Charles W
Bought by
Godin Normand P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,800
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 1998
Sold by
Widdows Matthew and Widdows Colleen
Bought by
Smith Charles W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 1998
Sold by
Kastner Eleonore Lux and Groves Denton J
Bought by
Widdows Matthew and Widdows Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,950
Interest Rate
7.13%
Mortgage Type
New Conventional
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
Nest On Montecito Llc -- None Available
Fisher Neil A $511,000 Old Republic Title Agency
Godin Normand P $236,000 Ticor Title Agency Of Az Inc
Smith Charles W $160,000 Stewart Title & Trust
Widdows Matthew $115,500 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fisher Neil A $383,250
Previous Owner Godin Normand P $188,800
Previous Owner Smith Charles W $122,400
Previous Owner Widdows Matthew $91,950
Closed Widdows Matthew $12,000
Closed Godin Normand P $23,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2017 11/16/17 Sold $511,000 +0.2% $186 / Sq Ft
10/10/2017 10/10/17 Pending -- -- --
10/06/2017 10/06/17 For Sale $510,000 -- $186 / 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 $2,389 $18,335 -- --
2024 $2,216 $17,462 -- --
2023 $2,216 $63,930 $12,780 $51,150
2022 $2,061 $48,420 $9,680 $38,740
2021 $2,086 $44,370 $8,870 $35,500
2020 $2,053 $41,960 $8,390 $33,570
2019 $2,007 $32,930 $6,580 $26,350
2018 $1,957 $25,560 $5,110 $20,450
2017 $1,863 $24,550 $4,910 $19,640
2016 $1,797 $19,750 $3,950 $15,800
2015 $1,670 $16,800 $3,360 $13,440
Source: Public Records

Agents Affiliated with this Home

  • Sean Zimmerman

    Seller's Agent in 2017

    Sean Zimmerman

    Compass

    (480) 239-9911

    5 in this area

    41 Total Sales

    Sean Zimmerman
    Section Image

  • C

    Seller Co-Listing Agent in 2017

    Christopher Vlad

    HomeSmart Realty

    (602) 686-0653

    2 in this area

    10 Total Sales

    Christopher Vlad
    Section Image
  • Aaron Carter

    Buyer's Agent in 2017

    Aaron Carter

    Cambridge Properties

    (480) 236-3103

    28 in this area

    145 Total Sales

    Aaron Carter
    Section Image

  • M

    Buyer Co-Listing Agent in 2017

    Michael Mosier

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5670527

Arizona Regional Multiple Listing Service (ARMLS)

APN: 163-08-070

Arizona Maricopa County Phoenix 85016 Camelback East Village

2727 E Montecito 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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