NOT LISTED FOR SALE

2921 N 38th St Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $939,000 - $1,106,000

6 Beds
1 Bath
2,811 Sq Ft
$360/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $675,000 $240 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $5,500/month

7 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of December 2021

RARE INVESTMENT OPPORTUNITY IN ARCADIA AREA. Three total four-plexes are available for sale. Off 38th street, perfect value add opportunity. Multiple upsides to this investment, first.....bring rents to market value, second remodel units. Close to shopping, bus routes, light rail and freeways. Surrounded by redevelopment in the ever growing Arcadia area. There are two 2 bedrooms/1 bath units and two 1 bedroom/1 bath units per four-plex.

Last Agent to Sell the Property

Larry Burr

ATLAS AZ, LLC License #SA684467000 Listed on: 10/06/2021

Last Buyer's Agent

Larry Burr

ATLAS AZ, LLC License #SA684467000 Listed on: 10/06/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,548

Year Built

  • Built in 1964

Lot Details

  • 6,752

Home Design

  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Concrete

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 83
  • Assessor Parcel Number 127-21-009-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are Unknown

Building Details

  • Operating Expense $12,222
  • Gross Income $46,740
  • Net Operating Income $34,518

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,548

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 38th / Thomas
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Year Built: 1964
  • Tax Year: 2021
  • Directions: West on Thomas to 38th Street, North (right) to property address on right.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4424.0
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood, Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 960.0

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 127-21-009-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 46740.0
  • Insurance Expense: 2090.0
  • Maintenance Expense: 3200.0
  • Property Net Operating Income: 34518.0
  • Annual Operating Expense: 12222.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1548.0
  • Tax Book Number: 127.00
  • Tax Lot: 83

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2022
Sold by
Madison Communities Llc
Bought by
Thanks And Praise Llc
Current Estimated Value
$1,012,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Outstanding Balance
$1,260,434
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
-$272,434

Purchase Details

Listed on
Jul 21, 2020
Closed on
Oct 16, 2020
Sold by
Ladowicz Tadeusz and Butler Margaret
Bought by
Zjh Llc
Seller's Agent
Chad Schreiner
RMA-Mountain Properties
Buyer's Agent
Larry Burr
ATLAS AZ, LLC
List Price
$600,000
Sold Price
$550,000
Premium/Discount to List
-$50,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.59%
Original Mortgage
$412,500
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2019
Sold by
Sun Empire Properties Llc
Bought by
Ladowicz Tadeusz and Butler Margaret

Purchase Details

Closed on
Jun 17, 2015
Sold by
Wilson Ross and Poling Brandon M
Bought by
Sun Empire Properties Llc

Purchase Details

Listed on
Mar 6, 2014
Closed on
Mar 21, 2014
Sold by
Hart Alan D
Bought by
Wilson Ross and Poling Brandon M
Seller's Agent
Stacie Whitfield
Flat List RE
Buyer's Agent
Howard Rea
HomeSmart
List Price
$194,999
Sold Price
$195,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.27%
Original Mortgage
$146,250
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 11, 2012
Closed on
Jun 27, 2012
Sold by
Capitalist Investment Properties 1 Llc
Bought by
Hart Alan D
Seller's Agent
Colleen Marotta
DPR Realty LLC
Buyer's Agent
David Terwilliger
HomeSmart
List Price
$169,900
Sold Price
$161,000
Premium/Discount to List
-$8,900
-5.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.71%
Original Mortgage
$120,750
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2010
Sold by
Balta Aurel
Bought by
Capitalist Investment Properties 1 Llc

Purchase Details

Closed on
Jul 2, 2008
Sold by
Wells Fargo Bank Na
Bought by
Balta Aurel

Purchase Details

Closed on
Apr 10, 2008
Sold by
Alchi Wafir
Bought by
Miaa 44 Enterprises Llc

Purchase Details

Closed on
Apr 1, 2008
Sold by
Mia 44 Enterprises Llc
Bought by
Bjk Enterprises Llc

Purchase Details

Closed on
Mar 26, 2008
Sold by
Alchi Wafir
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Aug 11, 2005
Sold by
Fletcher Richard W and Fletcher Jane E
Bought by
Alchi Wafir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,200
Interest Rate
3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 21, 2005
Sold by
Alchi Nariman P
Bought by
Alchi Wafir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,200
Interest Rate
3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 7, 2005
Sold by
Reust Susanna K
Bought by
Avanti Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,600
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2005
Sold by
Avanti Apartments Llc
Bought by
Fletcher Richard W and Fletcher Jane E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,600
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2004
Sold by
Shen Shao Hua
Bought by
Reust Susanna K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,600
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2004
Sold by
Reust Allan K
Bought by
Reust Susanna K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 2001
Sold by
Muhly Scott and Muhly Anna K
Bought by
Shen Shao Hua
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
Thanks And Praise Llc $1,028,559 Lawyers Title
Thanks And Praise Llc $123,880 Lawyers Title
Romo Robert -- --
Madison Communities Llc -- --
Zjh Llc $550,000 First Integrity Ttl Agcy Of
Ladowicz Tadeusz $375,000 Great American Ttl Agcy Inc
Sun Empire Properties Llc -- Accommodation
Wilson Ross $195,000 First American Title Ins Co
Hart Alan D $161,000 First American Title Insuran
Capitalist Investment Properties 1 Llc $100,000 Magnus Title Agency
Balta Aurel $172,000 Lsi Title Agency
Miaa 44 Enterprises Llc $194,761 Fidelity National Title
Bjk Enterprises Llc -- Fidelity National Title
Wells Fargo Bank Na $194,760 None Available
Alchi Wafir $359,000 Capital Title Agency Inc
Alchi Wafir -- Capital Title Agency Inc
Avanti Apartments Llc -- Capital Title Agency Inc
Fletcher Richard W $286,620 Capital Title Agency Inc
Reust Susanna K $200,000 Capital Title Agency Inc
Reust Susanna K -- Capital Title Agency Inc
Shen Shao Hua $163,334 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madison Communities Llc $1,575,000
Previous Owner Zjh Llc $412,500
Previous Owner Wilson Ross $146,250
Previous Owner Hart Alan D $120,750
Previous Owner Alchi Wafir $287,200
Previous Owner Fletcher Richard W $200,600
Previous Owner Reust Susanna K $160,000
Closed Fletcher Richard W $57,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2021 12/01/21 Sold $675,000 +3.8% $240 / Sq Ft
10/06/2021 10/06/21 For Sale $650,000 +18.2% $231 / Sq Ft
10/19/2020 10/19/20 Sold $550,000 0.0% $196 / Sq Ft
08/17/2020 08/17/20 Price Changed $550,000 -8.3% $196 / Sq Ft
07/15/2020 07/15/20 For Sale $600,000 +207.7% $213 / Sq Ft
04/29/2014 04/29/14 Sold $195,000 0.0% $69 / Sq Ft
03/20/2014 03/20/14 Pending -- -- --
03/06/2014 03/06/14 For Sale $194,999 +21.1% $69 / Sq Ft
08/04/2012 08/04/12 Sold $161,000 -5.2% $70 / Sq Ft
06/27/2012 06/27/12 Pending -- -- --
06/11/2012 06/11/12 For Sale $169,900 -- $74 / 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 $1,592 $12,242 -- --
2024 $1,573 $11,659 -- --
2023 $1,573 $56,300 $11,260 $45,040
2022 $1,511 $41,320 $8,260 $33,060
2021 $1,548 $37,130 $7,420 $29,710
2020 $1,511 $30,970 $6,190 $24,780
2019 $1,500 $25,150 $5,030 $20,120
2018 $1,469 $22,060 $4,410 $17,650
2017 $1,412 $20,960 $4,190 $16,770
2016 $1,358 $17,230 $3,440 $13,790
2015 $1,263 $15,310 $3,060 $12,250
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Larry Burr

    ATLAS AZ, LLC

    (480) 828-3283

    9 in this area

    96 Total Sales

    Larry Burr
    Section Image
  • Chad Schreiner

    Seller's Agent in 2020

    Chad Schreiner

    RE/MAX

    (480) 489-0491

    6 in this area

    148 Total Sales

    Chad Schreiner
    Section Image
  • Courtney Hoover

    Seller Co-Listing Agent in 2020

    Courtney Hoover

    Compass

    (480) 818-3720

    6 in this area

    61 Total Sales

    Courtney Hoover
    Section Image

  • S

    Seller's Agent in 2014

    Stacie Whitfield

    Flat List RE

    Section Image
  • Howard Rea

    Buyer's Agent in 2014

    Howard Rea

    HomeSmart

    (602) 481-5495

    45 Total Sales

    Howard Rea
    Section Image

  • C

    Seller's Agent in 2012

    Colleen Marotta

    DPR Realty

    (602) 565-9970

    10 Total Sales

    Colleen Marotta
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6303553

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-21-009B

Arizona Maricopa County Phoenix 85018 Camelback East Village

2921 N 38th St, Phoenix, AZ

This home is located at 2921 N 38th St, Phoenix, AZ 85018 since 06 October 2021 and is currently estimated at $1,012,333, approximately $360 per square foot. This property was built in 1964. 2921 N 38th St is a home located in Maricopa County with nearby schools including Monte Vista Elementary School, Camelback High School, and Phoenix Coding Academy.

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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