2727 E Montecito Ave Phoenix, AZ 85016
Camelback East Village NeighborhoodEstimated payment $5,351/month
Highlights
- Multiple cooling system units
- Community Barbecue Grill
- Heating Available
- Phoenix Coding Academy Rated A
- Ceramic Tile Flooring
About This Home
Rare turn-key mid-century modern triplex in the heart of the Biltmore corridor within a lush desert landscape setting. Gated, walled courtyard creates sanctuary for this compound featuring two 2-bed/2-bath units and one spacious 1-bed/1-bath unit with delightful wood flooring. Unit 1 features a private large patio Enclosed 3-car garage with assigned spaces and private storage, plus shared on-site laundry. Owner pays water/sewer; tenants pay electric. Recent capital improvements and transferable termite warranty. Proximity to Sprouts, Starbucks, dining and breweries. Boutique multifamily asset in one of Phoenix's strongest rental corridors with long-term appreciation appeal.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,389
Year Built
- Built in 1959
Home Design
- Composition Roof
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 3 Parking Spaces
- 3 Covered Spaces
Schools
- Madison Camelview Elementary School
- Madison Park Middle School
- Camelback High School
Utilities
- Multiple cooling system units
- Heating Available
Listing and Financial Details
- The owner pays for water, sewer, trash collection, landscaping
- Tax Lot 5
- Assessor Parcel Number 163-08-070
Community Details
Overview
- 3 Units
- Building Dimensions are 8476
- Brown Terrace Subdivision
Amenities
- Community Barbecue Grill
Building Details
- Operating Expense $14,761
- Gross Income $54,600
- Net Operating Income $39,838
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/21/2026 02/21/26 | For Sale | $1,000,000 | +95.7% | -- | |
| 11/16/2017 11/16/17 | Sold | $511,000 | +0.2% | $186 / Sq Ft | View Prior Sale |
| 10/10/2017 10/10/17 | Pending | -- | -- | -- | |
| 10/06/2017 10/06/17 | For Sale | $510,000 | -- | $186 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | $511,000 | Old Republic Title Agency | |
| Warranty Deed | $236,000 | Ticor Title Agency Of Az Inc | |
| Warranty Deed | $160,000 | Stewart Title & Trust | |
| Warranty Deed | $115,500 | Fidelity Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $383,250 | New Conventional | |
| Previous Owner | $188,800 | Purchase Money Mortgage | |
| Previous Owner | $122,400 | New Conventional | |
| Previous Owner | $91,950 | New Conventional | |
| Closed | $12,000 | No Value Available | |
| Closed | $23,600 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6987955
APN: 163-08-070
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.