$304,900
SOLD FEB 27, 2017

3315 E Cambridge Ave Phoenix, AZ 85008

Camelback East Village Neighborhood
-- Bed
-- Bath
510 Sq Ft
1940 Built

Recently Sold

$598 Per Sq Ft

9% Above List Price

134 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • 4-minute walk to Perry Park
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of October 2020

Great Cash Flow Price includes 3311 and 3315 E Cambridge.
Individually Metered Gas and Electricity.
18473 square foot gross lot size.
Free standing laundry brings in $600 annually with coin operated washer and dryer.

Last Agent to Sell the Property

Israel Ramos

Israel, Finley & Ramos Realtor License #BR007188000 Listed on: 09/05/2016

Last Buyer's Agent

David Rod

Keller Williams Arizona Realty License #BR030757000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,233

Year Built

  • Built in 1940

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 3 Open Parking Spaces
  • 8 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Creighton Elementary School
  • Phoenix Union Cyber High School

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Master Water Meter

Additional Features

  • Wood Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 120-04-110-B

Community Details

Overview

  • 6 Buildings
  • 5 Units
  • Building Dimensions are 139 X 132
  • Taber Tract Subdivision

Building Details

  • Operating Expense $6,763
  • Gross Income $30,264
  • Net Operating Income $22,937

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,233

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Cross Street: Thomas and 32nd Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R 1-6
  • Number Of Buildings: 6
  • Year Built: 1940
  • Tax Year: 2015
  • Directions: Just south of Thomas 18473 sq ft lot
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s)
  • Professional Management Expense: 1800.0
  • Subdivision Name: TABER TRACT
  • Tax Parcel Letter: B
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Painted, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Attached: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Heat Pump, Evaporative Cooling, Wall/Window Unit(s)
  • Heating: Heat Pump, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 2640.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: Phoenix Union Cyber High School
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 139 X 132
  • Additional Parcels: Yes
  • Parcel #: 120-04-110-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 5
  • Annual Gross Income: 30264.0
  • Insurance Expense: 1090.0
  • Property Net Operating Income: 22937.0
  • Annual Operating Expense: 6763.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1233.0
  • Tax Book Number: 120.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2021
Sold by
Business Intelligence Tech Group Inc
Bought by
Raab Llc
Current Estimated Value
$451,385

Purchase Details

Listed on
Jul 20, 2020
Closed on
Sep 29, 2020
Sold by
Rena Ventures Llc
Bought by
Business Intelligence Techology Group In
Seller's Agent
Luis Espinoza
Gile Commercial Real Estate
Buyer's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
List Price
$600,000
Sold Price
$570,000
Premium/Discount to List
-$30,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.57%

Purchase Details

Closed on
Oct 17, 2019
Sold by
Benzvi Lior
Bought by
Rena Ventures Llc

Purchase Details

Closed on
Jan 28, 2018
Sold by
Rena Venturess Llc
Bought by
Benzvi Lior

Purchase Details

Listed on
Sep 5, 2016
Closed on
Feb 22, 2017
Sold by
Delgado Mauricio and Delgado Celia
Bought by
Rena Ventures Llc
Seller's Agent
Israel Ramos
Israel, Finley & Ramos Realtor
Buyer's Agent
David Rod
Keller Williams Arizona Realty
List Price
$279,900
Sold Price
$304,900
Premium/Discount to List
$25,000
8.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.67%
Original Mortgage
$205,000
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 1997
Sold by
Walker Harvey B
Bought by
Delgado Mauricio and Delgado Celia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,800
Interest Rate
8.14%
Mortgage Type
Commercial
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed -- Accommodation
Warranty Deed $570,000 Wfg National Title Ins Co
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $304,900 Driggs Title Agency Inc
Warranty Deed $66,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $205,000 Commercial
Previous Owner $52,800 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2020 10/02/20 Sold $570,000 -5.0% $1,118 / Sq Ft
09/30/2020 09/30/20 For Sale $600,000 0.0% $1,176 / Sq Ft
09/30/2020 09/30/20 Price Changed $600,000 0.0% $1,176 / Sq Ft
07/20/2020 07/20/20 For Sale $600,000 +96.8% $1,176 / Sq Ft
02/27/2017 02/27/17 Sold $304,900 0.0% $598 / Sq Ft
01/17/2017 01/17/17 Pending -- -- --
01/10/2017 01/10/17 Price Changed $304,900 +5.2% $598 / Sq Ft
01/09/2017 01/09/17 Price Changed $289,900 +3.6% $568 / Sq Ft
10/14/2016 10/14/16 For Sale $279,900 0.0% $549 / Sq Ft
10/14/2016 10/14/16 Price Changed $279,900 0.0% $549 / Sq Ft
09/05/2016 09/05/16 For Sale $279,900 -- $549 / 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 $869 $6,683 -- --
2024 $859 $6,365 -- --
2023 $859 $29,910 $5,980 $23,930
2022 $825 $21,110 $4,220 $16,890
2021 $845 $17,300 $3,460 $13,840
2020 $825 $13,880 $2,770 $11,110
2019 $819 $12,020 $2,400 $9,620
2018 $802 $10,210 $2,040 $8,170
2017 $771 $9,600 $1,920 $7,680
2016 $741 $7,710 $1,540 $6,170
2015 $690 $6,260 $1,250 $5,010
Source: Public Records

Agents Affiliated with this Home

  • Luis Espinoza

    Seller's Agent in 2020

    Luis Espinoza

    Gile Commercial Real Estate

    (602) 373-9729

    2 in this area

    127 Total Sales

    Luis Espinoza
    Section Image
  • John Tamayo

    Seller Co-Listing Agent in 2020

    John Tamayo

    My Home Group

    (623) 986-4200

    3 in this area

    243 Total Sales

    John Tamayo
    Section Image
  • Jennie Miller PLLC

    Buyer's Agent in 2020

    Jennie Miller PLLC

    Market Edge Realty, LLC

    (480) 382-9681

    2 in this area

    52 Total Sales

    Jennie Miller PLLC
    Section Image

  • J

    Buyer's Agent in 2020

    Jennie Miller

    Market Edge Realty, LLC

  • Israel Ramos

    Seller's Agent in 2017

    Israel Ramos

    Israel, Finley & Ramos Realtor

    (623) 687-8231

    12 Total Sales

    Israel Ramos
    Section Image
  • David Rod

    Buyer's Agent in 2017

    David Rod

    Keller Williams Arizona Realty

    (602) 989-8000

    2 in this area

    113 Total Sales

    David Rod
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5493403

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-04-110B

Arizona Maricopa County Phoenix 85008 Camelback East Village

3315 E Cambridge Ave, Phoenix, AZ

This home is located at 3315 E Cambridge Ave, Phoenix, AZ 85008 and is currently priced at $304,900, approximately $597 per square foot. This property was built in 1940. 3315 E Cambridge Ave 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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