$185,000
SOLD MAR 31, 2015

2927 N 38th St Unit 1-4 Phoenix, AZ 85018

Camelback East Village Neighborhood
-- Bed
-- Bath
600 Sq Ft
7,623 Sq Ft Lot

Recently Sold

$308 Per Sq Ft

12% Below List Price

100 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of March 2015

FULLY OCCUPIED AND RECENTLY RENOVATED FOUR PLEX. ALL UNITS HAVE LONG TERM LEASES SIGNED THAT WILL TRANSFER WITH OWNERSHIP. EACH UNIT HAS COVERED PARKING, QUIET LOCATION WITH COURTYARD FOR PRIVATE USE AND A GREAT LOCATION CLOSE TO SHOPPING AND AMENITIES. UNITS HAVE BEEN RENOVATED TO REDUCE MAINTENANCE COSTS AND VERY LOW EXPENSES TO THE NEW OWNER. PLEASE DO NOT DISTURB TENANTS, DRIVE BY ONLY

Last Agent to Sell the Property

Chad Vice

HomeSmart License #SA551681000 Listed on: 11/18/2014

HomeSmart

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $769

Year Built

  • Built in 1964

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Block Exterior
  • Stucco

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Schools

  • Creighton Elementary School
  • Arcadia High Middle School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 83
  • Assessor Parcel Number 127-21-008-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are unknown
  • Sterling Apartments Subdivision

Building Details

  • Operating Expense $5,269
  • Gross Income $21,546
  • Net Operating Income $17,831

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$769

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 38th / Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1964
  • Tax Year: 2013
  • Directions: NORTH ON 38TH ST TO PROPERTY ON EAST SIDE OF STREET, LOCATED AT VERY EAST END OF PARKING LOT.
  • Road Surface Type: Asphalt
  • Subdivision Name: Sterling Apartments
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: See Remarks, Foam
  • Construction:Frame - Wood: Yes
  • 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: Central A/C, Individual
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 300.0
  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 600.0

Schools

  • Elementary School: Creighton Elementary School
  • Middle Or Junior School: Arcadia High School

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 127-21-008-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 600.0
  • Annual Gross Income: 21546.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 300.0
  • Property Net Operating Income: 17831.0
  • Annual Operating Expense: 5269.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 769.0
  • Tax Book Number: 127.00
  • Tax Lot: 83

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2014
Closed on
Apr 2, 2015
Sold by
Lie Margaretha
Bought by
Pratama Agus
Seller's Agent
Chad Vice
HomeSmart
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$209,900
Sold Price
$185,000
Premium/Discount to List
-$24,900
-11.86%
Current Estimated Value
$808,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$623,320
Avg. Annual Appreciation
14.87%
Original Mortgage
$129,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 18, 2014
Closed on
Apr 1, 2015
Sold by
Pratama Agus
Bought by
Pratama Agus and Lie Margaretha
Seller's Agent
Chad Vice
HomeSmart
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$209,900
Sold Price
$185,000
Premium/Discount to List
-$24,900
-11.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 18, 2014
Closed on
Mar 23, 2015
Sold by
Raabarini Golf Llc
Bought by
Pratama Agus
Seller's Agent
Chad Vice
HomeSmart
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$209,900
Sold Price
$185,000
Premium/Discount to List
-$24,900
-11.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 10, 2014
Closed on
May 7, 2014
Sold by
Lee Albert and Huang Shih
Bought by
Raabatini Golf Llc
Seller's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
Buyer's Agent
Chad Vice
HomeSmart
List Price
$185,000
Sold Price
$170,000
Premium/Discount to List
-$15,000
-8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.97%

Purchase Details

Closed on
Apr 5, 2013
Sold by
Pace James C and Pace Viridiana
Bought by
Lee Albert and Huang Shih Jung

Purchase Details

Closed on
Nov 18, 2012
Sold by
Luneau Peter D and Patenaude Gregg R
Bought by
Catamount Holdings Llp

Purchase Details

Closed on
Jun 20, 2012
Sold by
Jennah Holdings Llc
Bought by
Luneau Peter and Patenaude Gregg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,600
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2012
Sold by
Rymar Rentals Llc
Bought by
Pace James C and Pace Viridiana C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2010
Sold by
Fannie Mae
Bought by
Jaymon Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2009
Sold by
Paying Cash For Houses Com Llc
Bought by
Csk Investments Llc

Purchase Details

Closed on
Apr 9, 2009
Sold by
Aurora Loan Services Llc
Bought by
Paying Cash For Houses Com Llc

Purchase Details

Closed on
Mar 10, 2008
Sold by
Houston Glenn and Houston Connie
Bought by
Aurora Loan Services 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
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 1, 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
6.75%
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
$229,250
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 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
$229,250
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 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
$229,250
Interest Rate
5.75%
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
$40,000
Interest Rate
5.74%
Mortgage Type
Stand Alone Second

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 Type Sale Price Title Company
Interfamily Deed Transfer -- Greystone Title Agency Llc
Interfamily Deed Transfer -- Accommodation
Warranty Deed $185,000 Greystone Title Agency Llc
Cash Sale Deed $170,000 First Arizona Title Agency
Cash Sale Deed $493,000 Title365 Agency
Warranty Deed -- None Available
Warranty Deed $158,000 Pioneer Title Agency Inc
Warranty Deed $138,000 First American Title Ins Co
Special Warranty Deed $80,400 Old Republic Title Agency
Cash Sale Deed $64,350 Magnus Title Agency
Cash Sale Deed $60,375 Great American Title Agency
Trustee Deed $266,759 None Available
Warranty Deed $359,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Quit Claim Deed -- Capital Title Agency Inc
Warranty Deed $274,380 Capital Title Agency Inc
Warranty Deed $286,620 Capital Title Agency Inc
Special Warranty Deed $200,000 Capital Title Agency Inc
Special Warranty Deed $200,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Warranty Deed $163,334 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $129,500 New Conventional
Closed $129,500 New Conventional
Previous Owner $110,600 New Conventional
Previous Owner $103,500 New Conventional
Previous Owner $58,000 New Conventional
Previous Owner $269,250 Fannie Mae Freddie Mac
Previous Owner $229,250 New Conventional
Previous Owner $219,500 New Conventional
Previous Owner $40,000 Stand Alone Second
Previous Owner $121,700 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2015 03/31/15 Sold $185,000 -11.9% $308 / Sq Ft
02/26/2015 02/26/15 Pending -- -- --
11/18/2014 11/18/14 For Sale $209,900 +23.5% $350 / Sq Ft
05/09/2014 05/09/14 Sold $170,000 -8.1% $283 / Sq Ft
04/17/2014 04/17/14 Pending -- -- --
04/10/2014 04/10/14 For Sale $185,000 -- $308 / 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 $1,613 $12,408 -- --
2024 $1,595 $11,818 -- --
2023 $1,595 $58,130 $11,620 $46,510
2022 $1,532 $42,750 $8,550 $34,200
2021 $1,569 $38,580 $7,710 $30,870
2020 $1,531 $32,250 $6,450 $25,800
2019 $1,520 $26,150 $5,230 $20,920
2018 $1,489 $22,960 $4,590 $18,370
2017 $1,432 $20,520 $4,100 $16,420
2016 $1,376 $17,020 $3,400 $13,620
2015 $1,280 $15,120 $3,020 $12,100
Source: Public Records

Agents Affiliated with this Home

  • Chad Vice

    Seller's Agent in 2015

    Chad Vice

    HomeSmart

    (480) 476-3388

    36 Total Sales

    Chad Vice
    Section Image
  • Rick Horst

    Buyer's Agent in 2015

    Rick Horst

    Keller Williams Arizona Realty

    (480) 767-3014

    2 in this area

    37 Total Sales

    Rick Horst
    Section Image
  • Jennie Miller PLLC

    Seller's Agent in 2014

    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: 5201328

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-21-008B

Arizona Maricopa County Phoenix 85018 Camelback East Village

2927 N 38th St Unit 1-4, Phoenix, AZ

This home is located at 2927 N 38th St Unit 1-4, Phoenix, AZ 85018 and is currently priced at $185,000, approximately $308 per square foot. This property was built in 1964. 2927 N 38th St Unit 1-4 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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