NOT LISTED FOR SALE

3130 N 37th St Phoenix, AZ 85018

Camelback East Village Neighborhood
12 Beds
9 Baths
7,360 Sq Ft
1979 Built

Sale Details

Date Sold: December 20, 2017

Last sale price $650,000 $88 Per Sq Ft

146 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of December 2017

Three Pines Apartments is an 8 unit multi-family offering sitting on two (2) tax parcels which total 40,142 square feet- or 0.92 Acres. With this desirable Arcadia Lite / Citrus Acres location this offering represents a prime redevelopment opportunity. While there are 8 rental units on the property, the condition and functionality of the improvements may not qualify as a viable 'value-add' effort. The nearly 1 acre lot size with R-3 zoning may best be suited for redevelopment. Offered at a price of $18.68/sf the scraped lot would allow the developer a low enogh land cost basis to build contemporary townhomes or apartments able to compete for the growing demand for modern living space in this desirable Arcadia Lite neighborhood.

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 05/25/2017

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,032

Year Built

  • Built in 1979

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • On-Street Parking

Lot Details

  • Additional Parcels

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 26
  • Assessor Parcel Number 127-23-012

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • Building Dimensions are irreg
  • Citrus Acres Lots 21 60 Subdivision

Building Details

  • Operating Expense $9,032
  • Gross Income $36,550
  • Net Operating Income $33,968

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,032

Year Built

Built in 1979

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M, R-3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2016
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: CITRUS ACRES LOTS 21-60
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irreg
  • Additional Parcels: Yes
  • Parcel #: 127-23-012

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 8
  • Annual Gross Income: 36550.0
  • Property Net Operating Income: 33968.0
  • Annual Operating Expense: 9032.0
  • Vacancy Allowance Rate: 0.15

Tax Info

  • Tax Annual Amount: 4032.0
  • Tax Book Number: 127.00
  • Tax Lot: 26
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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 List to Sale Price per Sq Ft
12/20/2017 12/20/17 Sold $650,000 -13.3% $88 / Sq Ft
10/18/2017 10/18/17 Pending -- -- --
05/25/2017 05/25/17 For Sale $750,000 -- $102 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Scott Trevey

    REI Marketing

  • N

    Buyer's Agent in 2017

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5612518

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85018 Camelback East Village

3130 N 37th St, Phoenix, AZ

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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