NOT LISTED FOR SALE

3323 N 40th St Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $584,000 - $984,981

-- Bed
4 Baths
69,175 Sq Ft
$11/Sq Ft Est. Value

Last Sold April 12, 2021

Last sale price $722,000 $10 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,545/month

3 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Tavan Elementary School Rated A
  • Heating System Uses Natural Gas

About This Home

As of April 2021

This tropical paradise in the midst of Phoenix is a long term Seller owned property is now up for sale! Nearly a half acre of fully flood irrigated beauty. This is a value add opportunity with 4 fully occupied units, consists of 2 single family houses with their own yards and beautiful landscaping, and a duplex with its own yards as well. Lots of privacy and relaxation for tenants and or a live in owner! Selling this parcel independent or together with 5 more units Right near this piece for a total of 1.8 mil. additional parcel APN 127-15-048

Last Agent to Sell the Property

Lee Garner

Better Homes & Gardens Real Estate SJ Fowler Listed on: 03/09/2021

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Aaron Remer

eXp Realty License #SA580546000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,565

Year Built

  • Built in 1950

Lot Details

  • 0.39

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 131
  • Assessor Parcel Number 127-15-007

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are 0 x 0
  • East Citrus Acres Plat B Subdivision

Building Details

  • Operating Expense $10,690
  • Gross Income $61,560
  • Net Operating Income $48,616

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,565

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 3
  • Year Built: 1950
  • Tax Year: 2020
  • Road Surface Type: Dirt
  • Professional Management Expense: 4924.8
  • Subdivision Name: EAST CITRUS ACRES PLAT B
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation, Master Meter
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Lot Info

  • Lot Size: 0 x 0
  • Additional Parcels: No
  • Parcel #: 127-15-007

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 61560.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 48616.2
  • Annual Operating Expense: 10689.8
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1565.0
  • Tax Book Number: 127.00
  • Tax Lot: 131

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2021
Sold by
Yeleswarapu Ravikiran K
Bought by
Yeleswarapu Ravikiran K and Yeleswarapu Trust
Total Days on Market
3
Current Estimated Value
$785,495

Purchase Details

Listed on
Mar 9, 2021
Closed on
Apr 13, 2021
Sold by
Chintapalli Sreelakshmi M
Bought by
Yeleswarapu Ravikiran K
Seller's Agent
Lee Garner
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Aaron Remer
eXp Realty
List Price
$799,000
Sold Price
$722,000
Premium/Discount to List
-$77,000
-9.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.05%
Original Mortgage
$560,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 9, 2021
Closed on
Apr 5, 2021
Sold by
Orange Cove Corporation
Bought by
True Freedom Achievers Llc
Seller's Agent
Lee Garner
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Aaron Remer
eXp Realty
List Price
$799,000
Sold Price
$722,000
Premium/Discount to List
-$77,000
-9.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
2.9%
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 Buyer Sale Price Title Company
Yeleswarapu Ravikiran K -- None Listed On Document
Yeleswarapu Ravikiran K -- Driggs Title Agency Inc
Yeleswarapu Ravikiran K $722,000 Driggs Title Agency Inc
True Freedom Achievers Llc $1,680,000 Driggs Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yeleswarapu Ravikiran K $569,000
Previous Owner Yeleswarapu Ravikiran K $560,000
Previous Owner True Freedom Achievers Llc $720,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2021 04/12/21 Sold $722,000 -3.7% $10 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
03/09/2021 03/09/21 Price Changed $750,000 -6.1% $11 / Sq Ft
03/09/2021 03/09/21 For Sale $799,000 -- $12 / 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 $1,631 $20,751 -- --
2024 $1,598 $19,763 -- --
2023 $1,598 $75,830 $15,160 $60,670
2022 $1,533 $58,130 $11,620 $46,510
2021 $1,589 $49,530 $9,900 $39,630
2020 $1,565 $43,110 $8,620 $34,490
2019 $1,507 $36,760 $7,350 $29,410
2018 $1,449 $24,964 $4,982 $19,982
2017 $1,392 $21,030 $4,200 $16,830
2016 $1,356 $21,170 $4,230 $16,940
2015 $1,243 $19,430 $3,880 $15,550
Source: Public Records

Agents Affiliated with this Home

  • Lee Garner

    Seller's Agent in 2021

    Lee Garner

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 765-0292

    2 in this area

    47 Total Sales

    Section Image
  • Aaron Remer

    Buyer's Agent in 2021

    Aaron Remer

    eXp Realty

    (602) 321-8662

    4 in this area

    52 Total Sales

    Aaron Remer
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6204503

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-15-007

Arizona Maricopa County Phoenix 85018 Camelback East Village

3323 N 40th St, Phoenix, AZ

This home is located at 3323 N 40th St, Phoenix, AZ 85018 since 09 March 2021 and is currently estimated at $785,495, approximately $11 per square foot. This property was built in 1950. 3323 N 40th St is a home located in Maricopa County with nearby schools including Tavan Elementary School, Ingleside Middle School, and Arcadia High School.

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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