NOT LISTED FOR SALE

3141 N 37th St Phoenix, AZ 85018

Camelback East Village Neighborhood
2 Beds
1 Bath
850 Sq Ft
0.89 Acres

Last Sold May 28, 2019

Last sale price $2,700,000 $3,176 Per Sq Ft

33 Days on Market

About This Home

As of May 2019

Sir John's is a 14-unit apartment community located in a strong East Phoenix rental market. The community was constructed in 1967 with block construction. The property is individually-metered, with pitched roofs and was fully repositioned in 2018. The property consists of six separate duplex-style, single story buildings, comprised of all large two-bedroom units. Each apartment has separately controlled heating and cooling with a roof mounted HVAC units. All units includes large open floor-plans and have fully renovated interiors that were completed in 2018.

Last Agent to Sell the Property

Ryan Smith

ZENDOOR License #BR659309000 Listed on: 02/16/2019

Co-Listed By

Dallin Hammond

ABI Multifamily License #SA677560000

Last Buyer's Agent

Ryan Smith

ZENDOOR License #BR659309000 Listed on: 02/16/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,006

Year Built

  • Built in 1967

Lot Details

  • 0.89

Home Design

  • Composition Roof

Parking

  • 28 Parking Spaces
  • 14 Covered Spaces

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 51
  • Assessor Parcel Number 127-23-048

Community Details

Overview

  • 6 Buildings
  • 14 Units
  • Building Dimensions are 301.86 x 134.32
  • Citrus Acres Lots 21 60 Subdivision

Building Details

  • Operating Expense $46,798
  • Gross Income $214,508
  • Net Operating Income $161,399

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,006

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 6
  • Year Built: 1967
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Professional Management Expense: 12492.0
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: CITRUS ACRES LOTS 21-60
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Slump Block
  • Roof: See Remarks, Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 14.0
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 28.0
  • General Property Description:Covered Parking Spcs: 14.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 28.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: None
  • Cooling: Central A/C
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 12600.0

Lot Info

  • Lot Size: 301.86 x 134.32
  • Additional Parcels: No
  • Parcel #: 127-23-048

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 14
  • Annual Gross Income: 214508.0
  • Insurance Expense: 2800.0
  • Maintenance Expense: 4000.0
  • Property Net Operating Income: 161399.0
  • Annual Operating Expense: 46797.7
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 7005.7
  • Tax Book Number: 127.00
  • Tax Lot: 51
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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
05/28/2019 05/28/19 Sold $2,700,000 +0.4% $3,176 / Sq Ft
02/15/2019 02/15/19 For Sale $2,687,986 0.0% $3,162 / Sq Ft
07/06/2018 07/06/18 Rented $1,200 0.0% --
05/22/2018 05/22/18 For Rent $1,200 -- --
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 $7,885 $58,379 -- --
2024 $7,502 $55,599 -- --
2023 $7,502 $223,130 $44,620 $178,510
2022 $7,208 $216,880 $43,370 $173,510
2021 $7,383 $197,810 $39,560 $158,250
2020 $7,203 $197,850 $39,570 $158,280
2019 $7,153 $148,230 $29,640 $118,590
2018 $7,006 $80,110 $16,020 $64,090
2017 $6,735 $71,380 $14,270 $57,110
2016 $6,474 $62,380 $12,470 $49,910
2015 $6,023 $47,780 $9,550 $38,230
Source: Public Records

Agents Affiliated with this Home

  • Ryan Smith

    Seller's Agent in 2019

    Ryan Smith

    ZENDOOR

    (602) 566-7203

    Ryan Smith
    Section Image
  • Dallin Hammond

    Seller Co-Listing Agent in 2019

    Dallin Hammond

    ABI Multifamily

    (602) 714-1400

    10 in this area

    36 Total Sales

    Dallin Hammond
    Section Image
  • Elianna Ickovic

    Seller's Agent in 2018

    Elianna Ickovic

    HomeSmart

    (323) 354-8090

    20 in this area

    34 Total Sales

    Elianna Ickovic
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5884188

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

3141 N 37th St, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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