NOT LISTED FOR SALE

3426 N 38th St Phoenix, AZ 85018

Camelback East Village Neighborhood
-- Bed
1 Bath
640 Sq Ft
436 Sq Ft Lot Lot

Sale Details

Date Sold: April 30, 2015

Last sale price $740,000 $1,156 Per Sq Ft

4 Days on Market

Highlights

  • Heated Community Pool
  • Community Playground
  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of April 2015

R-3 ZONED! ALL 12 UNITS ARE AVAILABLE IF YOUR BUYER WANTS THE WHOLE PROPERTY...CALL FOR DETAILS. 10 UNITS FOR SALE...CASH FLOW THESE 10 UNITS. CAP RATE of about 7% on these recently remodeled 10 condo units in the HOT ARCADIA Rental Corridor! According to Seller, New Owner can add on and build up to 30 feet high, (SEE R-3 CITY ZONING INFO). Maybe you want to start over and build a new community? Walk to stores and restaurants and just a couple of miles from the BILTMORE CORRIDOR! Do not wait on these or they will be gone! NO LOI's...purchase contracts only. RENTED...drive-by only. Approx. Taxes shown include TOTAL FOR ALL 10 UNITS. CC&R's In Document Tab. HOA Self-Managed.

Last Agent to Sell the Property

Tom 'BIG T' Ross

Coldwell Banker Realty License #SA642903000 Listed on: 01/26/2015

Coldwell Banker Realty

Co-Listed By

Sharon Schmieder

Key Select Real Estate License #BR650799000

Last Buyer's Agent

Marty Hall

The Brokery License #SA588174000

The Brokery

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,900

Year Built

  • Built in 1960

Lot Details

  • 436

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 10 Parking Spaces
  • 10 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Creighton Elementary School
  • Monte Vista Elementary Middle School
  • Camelback High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for gas, electricity, water, cable TV
  • The owner pays for landscaping, pool/spa maintenance
  • Tax Lot 4
  • Assessor Parcel Number 127-24-091

Community Details

Overview

  • 10 Buildings
  • 10 Units
  • Building Dimensions are IRR
  • Sandstone Condominiums Subdivision

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $20,280
  • Gross Income $72,200
  • Net Operating Income $52,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,900

Year Built

Built in 1960

Lot Details

436 Sq Ft Lot

Listing Details

  • Cross Street: Indian School and 38th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 10
  • Ownership: Condominium
  • Year Built: 1960
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: kwbp01
  • Co List Office Phone: 602-553-4400
  • Subdivision Name: Sandstone Condominiums
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Assigned, Add'l Parking Avail, 1 Space/Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Individual
  • Heating: Individual, Central, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation, Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Play Area, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Play Area: Yes

Schools

  • Elementary School: Creighton Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Monte Vista Elementary School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 127-24-091

Multi Family

  • Owner Pays: Landscaping, Pool/Spa Maintenance
  • Tenant Pays: See Remarks, Gas, Electricity, Water, Cable TV
  • Number Of Units Total: 10
  • Annual Gross Income: 72200.0
  • Maintenance Expense: 18380.0
  • Property Net Operating Income: 52200.0
  • Annual Operating Expense: 20280.0

Tax Info

  • Tax Annual Amount: 1900.0
  • Tax Book Number: 127.00
  • Tax Lot: 4
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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
04/30/2015 04/30/15 Sold $740,000 -1.3% $1,156 / Sq Ft
01/30/2015 01/30/15 Pending -- -- --
01/26/2015 01/26/15 For Sale $750,000 -- $1,172 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

  • Tom 'BIG T' Ross

    Seller's Agent in 2015

    Tom 'BIG T' Ross

    Coldwell Banker Realty

    (602) 368-1904

    8 in this area

    62 Total Sales

    Tom 'BIG T' Ross
    Section Image
  • Sharon Schmieder

    Seller Co-Listing Agent in 2015

    Sharon Schmieder

    Key Select Real Estate

    (602) 980-9480

    5 in this area

    27 Total Sales

    Sharon Schmieder
    Section Image

  • M

    Buyer's Agent in 2015

    Marty Hall

    The Brokery

    (480) 300-9726

    2 in this area

    4 Total Sales

    Marty Hall
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5227662

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-24-089

Arizona Maricopa County Phoenix 85018 Camelback East Village

3426 N 38th 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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