$3,750,000
SOLD AUG 19, 2024

3025 N 38th St Phoenix, AZ 85018

Camelback East Village Neighborhood
-- Bed
-- Bath
875 Sq Ft
1971 Built

Recently Sold

$4,286 Per Sq Ft

13% Below List Price

278 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill
  • Concrete Flooring

About This Home

As of August 2024

This home is located at 3025 N 38th St, Phoenix, AZ 85018 and is currently priced at $3,750,000, approximately $4,285 per square foot. This property was built in 1971. 3025 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.

Last Agent to Sell the Property

Paul Bay

Marcus & Millichap License #SA671037000 Listed on: 10/05/2023

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,343

Year Built

  • Built in 1971

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 12 Open Parking Spaces
  • 26 Parking Spaces
  • 14 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 88
  • Assessor Parcel Number 127-21-017

Community Details

Overview

  • 7 Buildings
  • 15 Units
  • Building Dimensions are 40,408 sq ft.

Amenities

  • Community Barbecue Grill

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $67,853
  • Gross Income $291,245
  • Net Operating Income $218,528

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,343

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 7
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Professional Management Expense: 13022.0
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 14.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 26.0
  • General Property Description:Covered Parking Spcs: 14.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 26.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:Pool2: Yes
  • Community Amenities:Barbecue: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 40,408 sq ft.
  • Additional Parcels: No
  • Parcel #: 127-21-017

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 15
  • Electric Expense: 9967.0
  • Annual Gross Income: 291245.3
  • Insurance Expense: 5625.0
  • Maintenance Expense: 6750.0
  • Property Net Operating Income: 218528.0
  • Annual Operating Expense: 67853.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 14343.0
  • Tax Book Number: 127.00
  • Tax Lot: 88

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 Price Changed $1,350 +4.2% $2 / Sq Ft
11/30/2024 11/30/24 For Rent $1,295 0.0% --
08/19/2024 08/19/24 Sold $3,750,000 -3.8% $4,286 / Sq Ft
07/01/2024 07/01/24 Price Changed $3,900,000 -3.7% $4,457 / Sq Ft
01/30/2024 01/30/24 Price Changed $4,050,000 -5.8% $4,629 / Sq Ft
10/06/2023 10/06/23 For Sale $4,300,000 -- $4,914 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Paul Bay

    Seller's Agent in 2024

    Paul Bay

    Marcus & Millichap

    (480) 600-2626

    9 in this area

    16 Total Sales

    Paul Bay
    Section Image

  • N

    Buyer's Agent in 2024

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6614751

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85018 Camelback East Village

3025 N 38th St, Phoenix, AZ

This home is located at 3025 N 38th St, Phoenix, AZ 85018 and is currently priced at $3,750,000, approximately $4,285 per square foot. This property was built in 1971. 3025 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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