NOT LISTED FOR SALE

3051 E Thomas Rd Phoenix, AZ 85016

Camelback East Village Neighborhood

Estimated Value: $826,674

-- Bed
-- Bath
5,260 Sq Ft
$157/Sq Ft Est. Value

Last Sold March 26, 2018

Last sale price $460,000 $87 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $5,297/month

14 Days on Market

Highlights

  • Central Air
  • Carpet
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of March 2018

Great 5,260 sq. ft. two story C-2 building that can be Mixed Use Commercial, Residential, Office. Perfect for either a live-in business arrangement OR rent the upstairs and the ground floor! You decide! Massage Business has 6 treatment rooms and pays $2,300 in month-to-month for 2,654 sq. ft. ground floor and wants to stay! Instant Income! Upstairs separate entrance is a 2,605 sq. ft., 5 BR, 3 BA residence that can be converted to office space for the right tenant or you can live there! Big upside income potential for renting the upstairs residence to maybe a family, students, insurance office, attorney office? You pick-em! Conceivable CAP renting the whole building could be as high as 11+%.

Last Listed By

Tom 'BIG T' Ross

Coldwell Banker Realty License #SA642903000 Listed on: 01/11/2018

Coldwell Banker Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,344

Year Built

  • Built in 1985

Lot Details

  • 0.25 Acre Lot
  • Chain Link Fence
  • Property is zoned C-2

Home Design

  • 5,260 Sq Ft Home
  • Wood Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 12 Parking Spaces
  • 4 Covered Spaces
  • Free Parking
  • Paved Parking
  • Fenced Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 120-23-002

Community Details

Overview

  • Matthews Tract Subdivision

Building Details

  • Operating Expense $7,344
  • Gross Income $27,600

Property Details

Property Type

Other

Est. Annual Taxes

$7,344

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: N 32nd St & E Thomas Rd
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2017
  • Directions: On Thomas Rd at the corner of N 31st Street and E Thomas Rd
  • Lot Size Acres: 0.25
  • Road Surface Type: Concrete, Sidewalk(s)
  • Subdivision Name: MATTHEWS TRACT
  • Structure Type: Commercial
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Other, Carpet, Vinyl
  • Living Area: 5260.0

Exterior Features

  • Fencing: Chain Link
  • Disclosures: None
  • Construction Type: Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Free, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 10765.0
  • Parcel #: 120-23-002
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 27600.0
  • Annual Operating Expense: 7344.0

Tax Info

  • Tax Annual Amount: 7344.0
  • Tax Book Number: 120.00
  • Tax Lot: 1
  • Tax Map Number: 23.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2018
Closed on
Mar 12, 2018
Sold by
3051 E Thomas Rd Llc
Bought by
A1 Trading Llc
Seller's Agent
Tom 'BIG T' Ross
Coldwell Banker Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$489,500
Sold Price
$460,000
Premium/Discount to List
-$29,500
-6.03%
Total Days on Market
14
Current Estimated Value
$826,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,674
Avg. Annual Appreciation
8.24%
Original Mortgage
$368,000
Outstanding Balance
$130,796
Interest Rate
4.32%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$679,506

Purchase Details

Closed on
Feb 3, 2016
Sold by
Miller Steve
Bought by
3051 E Thomas Rd Llc

Purchase Details

Closed on
Jul 31, 2013
Sold by
E & T Limited Partnership
Bought by
Miller Steve

Range of Values:

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Average Value
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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
A1 Trading Llc $460,000 Lawyers Title Of Arizona Inc
3051 E Thomas Rd Llc -- None Available
Miller Steve $309,000 Chicago Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A1 Trading Llc $368,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2018 03/26/18 Sold $460,000 -6.0% $87 / Sq Ft
01/11/2018 01/11/18 For Sale $489,500 -- $93 / 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 $8,298 $62,619 -- --
2024 $7,868 $60,784 -- --
2023 $7,868 $98,537 $30,416 $68,121
2022 $7,715 $90,049 $27,335 $62,714
2021 $8,066 $91,084 $27,832 $63,252
2020 $7,863 $83,076 $26,894 $56,182
2019 $7,812 $74,914 $24,864 $50,050
2018 $7,648 $89,334 $24,426 $64,908
2017 $7,344 $77,364 $24,426 $52,938
2016 $9,615 $69,750 $21,204 $48,546
2015 $6,707 $49,576 $13,965 $35,611
Source: Public Records

Agents Affiliated with this Home

  • Tom 'BIG T' Ross

    Seller's Agent in 2018

    Tom 'BIG T' Ross

    Coldwell Banker Realty

    (480) 239-0900

    8 in this area

    79 Total Sales

    Tom 'BIG T' Ross
    Section Image

  • N

    Buyer's Agent in 2018

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5707648

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-23-002

Arizona Maricopa County Phoenix 85008 Camelback East Village

3051 E Thomas Rd, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 3051 E Thomas Rd, Phoenix, AZ 85016 since 11 January 2018 and is currently priced at $826,674, approximately $157 per square foot. This property was built in 1985. 3051 E Thomas Rd 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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