NOT LISTED FOR SALE

2818 E Campo Bello Dr Phoenix, AZ 85032

Paradise Valley Neighborhood

Estimated Value: $557,133 - $867,000

1 Bed
-- Bath
1,440 Sq Ft
$498/Sq Ft Est. Value

Last Sold July 18, 2017

Last sale price $235,000 $163 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $4,047/month

5 Days on Market

Highlights

  • Central Air
  • Paradise Valley High School Rated A
  • Heating Available

About This Home

As of July 2017

Fourplex for sale. All 2 bedroom units. 100% occupied. Rents are below market. Consistent cash flow with long term tenants. New AC unit in place.
Covered parking spaces. Low expenses. Excellent value add opportunity with plenty of room for rent increases. Conveniently located near Paradise Valley Community College. Quick access to SR51 and Loop 101. Property is being sold with adjacent Fourplex 2808 E Campo Bello Drive.

Last Agent to Sell the Property

Royce Munroe

Munroe Multifamily License #BR512795000 Listed on: 05/11/2017

Munroe Multifamily

Last Buyer's Agent

Kelly McCormack

West USA Realty License #SA529500000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,497

Year Built

  • Built in 1985

Lot Details

  • 0.28

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 84
  • Assessor Parcel Number 214-03-083-C

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are unknown

Building Details

  • Operating Expense $7,337
  • Net Operating Income $20,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,497

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Union Hills & 32nd Street
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2016
  • Directions: South to Campo Bello Drive. West to property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1440.0
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 214-03-083-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Maintenance Expense: 1400.0
  • Property Net Operating Income: 20040.0
  • Annual Operating Expense: 7337.0

Tax Info

  • Tax Annual Amount: 1497.0
  • Tax Book Number: 214.00
  • Tax Lot: 84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2018
Sold by
Urquidez Humberto F
Bought by
2802 E Campo Bello Drive Llc
Current Estimated Value
$717,283

Purchase Details

Listed on
May 11, 2017
Closed on
Jul 6, 2017
Sold by
Urquidez Blanca
Bought by
Urquidez Humberto F
Seller's Agent
Royce Munroe
Munroe Multifamily
Buyer's Agent
Kelly McCormack
West USA Realty
List Price
$240,000
Sold Price
$235,000
Premium/Discount to List
-$5,000
-2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.26%
Original Mortgage
$164,500
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2010
Sold by
Hsu Kurt
Bought by
Nomor Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2005
Sold by
Jovicic Dusko
Bought by
Hsu Kurt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 27, 2005
Sold by
Jovicic Dusko
Bought by
Hsu Kurt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 27, 1997
Sold by
Silverstein Steven and Diumenti Steven D
Bought by
Jovicic Dusko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,464
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 1997
Sold by
Diumenti Frank A and Diumenti Cynthia M
Bought by
Diumenti Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,464
Interest Rate
7.19%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
2802 E Campo Bello Drive Llc -- None Available
Urquidez Humberto F -- Clear Title Agency Of Arizon
Urquidez Humberto F $235,000 Clear Title Agency Of Arizon
Nomor Management Llc $120,000 Title Management Agency Of A
Hsu Kurt $320,000 Capital Title Agency Inc
Hsu Kurt $320,000 Capital Title Agency Inc
Jovicic Dusko $108,000 Grand Canyon Title Agency In
Diumenti Steven -- Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Urquidez Humberto F $164,500
Previous Owner Nomor Management Llc $90,000
Previous Owner Hsu Kurt $256,000
Previous Owner Hsu Kurt $256,000
Previous Owner Jovicic Dusko $44,000
Previous Owner Jovicic Dusko $153,000
Previous Owner Jovicic Dusko $107,464
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2017 07/18/17 Sold $235,000 -2.1% $163 / Sq Ft
05/16/2017 05/16/17 Pending -- -- --
05/11/2017 05/11/17 For Sale $240,000 -- $167 / 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 $1,747 $17,546 -- --
2024 $1,710 $16,710 -- --
2023 $1,710 $43,680 $8,730 $34,950
2022 $1,693 $29,430 $5,880 $23,550
2021 $1,698 $27,560 $5,510 $22,050
2020 $1,645 $24,020 $4,800 $19,220
2019 $1,647 $23,080 $4,610 $18,470
2018 $1,593 $22,820 $4,560 $18,260
2017 $1,527 $20,300 $4,060 $16,240
2016 $1,502 $16,910 $3,380 $13,530
2015 $1,391 $14,170 $2,830 $11,340
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Royce Munroe

    Munroe Multifamily

    (480) 221-5449

    1 in this area

    23 Total Sales

    Royce Munroe
    Section Image

  • K

    Buyer's Agent in 2017

    Kelly McCormack

    West USA Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5603909

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-03-083C

Arizona Maricopa County Phoenix 85032 Paradise Valley

2818 E Campo Bello Dr, Phoenix, AZ

This home is located at 2818 E Campo Bello Dr, Phoenix, AZ 85032 since 11 May 2017 and is currently estimated at $717,283, approximately $498 per square foot. This property was built in 1985. 2818 E Campo Bello Dr is a home located in Maricopa County with nearby schools including Campo Bello Elementary School, Vista Verde Middle School, and Paradise Valley High School.

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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