NOT LISTED FOR SALE

2923 N 38th St Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $836,317 - $1,106,000

-- Bed
-- Bath
2,860 Sq Ft
$334/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $675,000 $236 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,201/month

8 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System
  • 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

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Concrete

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

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

Community Details

Overview

  • 4 Units
  • Building Dimensions are Unknown
  • Citrus Acres Lots 21 Thru 60 Subdivision

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 St. & Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: H-M
  • 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
  • Subdivision Name: CITRUS ACRES LOTS 21 THRU 60
  • Tax Parcel Letter: C
  • 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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • 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: Individual, Heat Pump, Electric
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: 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-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • 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

Listed on
Jul 21, 2020
Closed on
Nov 13, 2020
Sold by
Ladowicz Tadeusz J and Butler Margaret T
Bought by
Capstone Rentals 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%
Current Estimated Value
$955,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,829
Avg. Annual Appreciation
11.84%
Original Mortgage
$388,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2019
Sold by
Mohave Casas Llc
Bought by
Ladowicz Tadeusz J and Butler Margaret T

Purchase Details

Closed on
Apr 26, 2016
Sold by
Malouff Dustin and Mintzer Joseph
Bought by
Mohave Casas Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,498
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2016
Sold by
Cavallo Domenico
Bought by
Malouff Dustin and Mintzer Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,498
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2014
Sold by
Ramirez Karina Salazar and Cavallo Domenico
Bought by
Cavallo Domenico

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2012
Sold by
Pace Viridiana C
Bought by
Pace James C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,100
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2012
Sold by
Rymar Rentals Llc
Bought by
Pace James C and Pace Viridiana C

Purchase Details

Closed on
Mar 22, 2011
Sold by
Csk Investments Llc
Bought by
Rmar Rentals Llc

Purchase Details

Closed on
Feb 26, 2010
Sold by
Khamova Zinaida
Bought by
Csk Investments Llc

Purchase Details

Closed on
Aug 15, 2005
Sold by
Fletcher Richard W and Fletcher Jane E
Bought by
Khaimova Zinaida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,250
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 7, 2005
Sold by
Khaimov Suleyman
Bought by
Khaimova Zinaida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,250
Interest Rate
1.37%
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 1, 2004
Sold by
Piccirillo Thomas
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 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
Piccirillo Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,700
Interest Rate
6.63%
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
Capstone Rentals Llc $550,000 First Integrity Ttl Agcy Of
Ladowicz Tadeusz J $370,000 Old Republic Title Agency
Mohave Casas Llc -- Accommodation
Malouff Dustin $225,000 Old Republic Title Agency
Cavallo Domenico -- Sterling Title Agency Llc
Cavallo Domenico $185,000 Sterling Title Agency Llc
Pace James C -- Empire West Title Agency
Pace James C $143,000 First American Title Ins Co
Rmar Rentals Llc -- Accommodation
Csk Investments Llc $106,000 Magnus Title Agency
Khaimova Zinaida $359,000 Capital Title Agency Inc
Khaimova Zinaida -- 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
Piccirillo Thomas $163,334 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Capstone Rentals Llc $388,000
Previous Owner Malouff Dustin $165,498
Previous Owner Cavallo Domenico $138,750
Previous Owner Pace James C $100,100
Previous Owner Khaimova Zinaida $269,250
Previous Owner Fletcher Richard W $200,600
Previous Owner Reust Susanna K $160,000
Previous Owner Piccirillo Thomas $121,700
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% $236 / Sq Ft
10/05/2021 10/05/21 For Sale $650,000 +18.2% $227 / Sq Ft
10/19/2020 10/19/20 Sold $550,000 0.0% $192 / Sq Ft
08/17/2020 08/17/20 Price Changed $550,000 -8.3% $192 / Sq Ft
07/15/2020 07/15/20 For Sale $600,000 +259.3% $210 / Sq Ft
04/03/2013 04/03/13 Sold $167,000 -4.6% $58 / Sq Ft
03/15/2013 03/15/13 Pending -- -- --
02/21/2013 02/21/13 For Sale $175,000 -- $61 / 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

  • J

    Seller's Agent in 2013

    Jeremiah Wilford

    HomeSmart

    Section Image
  • Mike Bodeen

    Seller Co-Listing Agent in 2013

    Mike Bodeen

    HomeSmart

    (602) 689-3100

    66 Total Sales

    Mike Bodeen
    Section Image
  • Jennie Miller PLLC

    Buyer's Agent in 2013

    Jennie Miller PLLC

    Market Edge Realty, LLC

    (480) 382-9681

    2 in this area

    52 Total Sales

    Jennie Miller PLLC
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6303565

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-21-009C

Arizona Maricopa County Phoenix 85018 Camelback East Village

2923 N 38th St, Phoenix, AZ

This home is located at 2923 N 38th St, Phoenix, AZ 85018 since 06 October 2021 and is currently estimated at $955,829, approximately $334 per square foot. This property was built in 1964. 2923 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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