NOT LISTED FOR SALE

3416 N 37th St Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $1,372,000 - $4,599,426

2 Beds
2 Baths
9,672 Sq Ft
$271/Sq Ft Est. Value

Last Sold June 18, 2017

Last sale price $2,385,000 $247 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $15,827/month

23 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

As of June 2017

Trinity on 37th is a 12-unit contemporary boutique apartment community located in a highly desirable east Phoenix/Lower Arcadia location that has recently been completely renovated and repositioned with premium finishes. The property is made of block construction with pitched composition shingle roofs and is individually-metered for electricity.

The unit mix is comprised of all two-bedroom, two-bathroom floor plans that are spacious, well designed and average approximately 996 square feet. The units have been completely renovated and feature modern shaker style cabinetry with brushed nickel hardware, new black countertops with white subway tile backsplashes, polished concrete flooring, and full-size, high-end stainless steel appliances.

Last Agent to Sell the Property

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 04/19/2017

Last Buyer's Agent

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 04/19/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,153

Year Built

  • Built in 1960

Lot Details

  • 0.92

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 127-24-037

Community Details

Overview

  • 6 Buildings
  • 12 Units
  • Building Dimensions are 239.84' x 167.04'

Building Details

  • Operating Expense $4,153
  • Gross Income $191,970
  • Net Operating Income $151,298

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,153

Year Built

Built in 1960

Lot Details

0.92 Acres

Listing Details

  • Cross Street: Osborn Road & 36th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 6
  • Year Built: 1960
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 239.84' x 167.04'
  • Additional Parcels: No
  • Parcel #: 127-24-037

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 12
  • Annual Gross Income: 191970.0
  • Property Net Operating Income: 151298.0
  • Annual Operating Expense: 4152.6
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 4152.6
  • Tax Book Number: 127.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2017
Closed on
May 17, 2017
Sold by
Trinity Apartments Lllp
Bought by
Mah Trinity Llc
Seller's Agent
Jeff Seaman
CBRE, Inc
Buyer's Agent
Jeff Seaman
CBRE, Inc
List Price
$2,385,000
Sold Price
$2,385,000
Current Estimated Value
$2,917,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$532,805
Avg. Annual Appreciation
1.10%

Purchase Details

Closed on
Nov 16, 2015
Sold by
3416 Barrett Apartments Llc
Bought by
Trinity Apartments Lllp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$917,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 2006
Sold by
Barrett Robert Hewins
Bought by
3416 Barrett Apartments Llc

Purchase Details

Closed on
Mar 29, 2005
Sold by
Barasch Alison Leigh
Bought by
Barrett Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 2003
Sold by
37Th Street Investments Llc
Bought by
Cannon Clarice J

Purchase Details

Closed on
Oct 11, 2002
Sold by
Cannon Clarice J
Bought by
37Th Street Investments Llc

Purchase Details

Closed on
Sep 16, 2002
Sold by
Haddad William Y and Haddad Sawsan W
Bought by
Cannon Clarice J

Purchase Details

Closed on
Oct 25, 1999
Sold by
Locke Robert L
Bought by
Haddad William Y and Haddad Sawsan W
Source: Public Records
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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
Mah Trinity Llc $2,337,500 Fidelity National Title Agen
Trinity Apartments Lllp $685,000 Fidelity Natl Title Agency
3416 Barrett Apartments Llc $750,000 None Available
Barrett Robert -- Fidelity National Title
Barrett Ii Robert $750,000 Fidelity National Title
Cannon Clarice J $600,000 --
37Th Street Investments Llc -- --
Cannon Clarice J $600,000 Security Title Agency
Haddad William Y $300,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Trinity Apartments Lllp $917,000
Previous Owner Barrett Ii Robert $535,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2017 06/18/17 Sold $2,385,000 0.0% $247 / Sq Ft
05/11/2017 05/11/17 Pending -- -- --
04/18/2017 04/18/17 For Sale $2,385,000 -- $247 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $9,734 $72,067 -- --
2024 $9,261 $68,635 -- --
2023 $9,261 $318,580 $63,710 $254,870
2022 $8,897 $259,670 $51,930 $207,740
2021 $9,114 $267,780 $53,550 $214,230
2020 $8,892 $162,030 $32,400 $129,630
2019 $8,830 $150,000 $30,000 $120,000
2018 $8,648 $70,160 $14,030 $56,130
2017 $4,320 $48,350 $9,670 $38,680
2016 $4,153 $42,020 $8,400 $33,620
2015 $3,863 $37,070 $7,410 $29,660
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jeff Seaman

    CBRE, Inc

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5592838

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-24-037

Arizona Maricopa County Phoenix 85018 Camelback East Village

3416 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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