NOT LISTED FOR SALE

3517 E Montecito Ave Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $948,000 - $1,134,000

-- Bed
-- Bath
1,072 Sq Ft
$984/Sq Ft Est. Value

Last Sold August 18, 2014

Last sale price $312,500 $292 Per Sq Ft

Est. 238% increase in value since last sale

Current estimated payment $5,822/month

106 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill
  • Ceiling Fan

About This Home

As of August 2014

Mid-century 4-plex near Camelback Corridor. Ideal situation for owner who wants to live there and putter around. Rents below market value for places (without pools)...thus the low GRM/CAP. Refreshing water sounds invite tenants to enjoy their private pool. Rare to find pool property nowadays but it adds to bottom line expenses. Pool amenity not factored into rents. Location is a HUGE factor since it's close to the Arcadia lifestyle, SR51, LGO, Vig, North, Chelsea's Kitchen, Gaslamp Square, Arcadia. Well-maintained complex with original 1950's construction. Lots of photos of entire complex plus interior shots of large 2 bedroom unit A and 1 bedroom unit C. Units remodeled to look of the 90's. Photos represent general condition of 2 units..other 2 have long-term tenants. Bring your flag! Additional comments to the Income/Expense Report:
In 2013 there were 2 one-time expenses not reflected in the breakdown.
Additional pool expense of $400 for fence repair, modification, paint and a new filter equipment enclosure.
Additional landscape maintenance of $314 for a new automatic irrigation system.
Other Expense Breakdown:
Pool maintenance $535
City license $8
Pool permit $270
Operating Expense includes taxes & is automatically calculated.

All units currently leased on month to month except Unit C with annual lease from 4/1/14. Unit A been there for 2 years. Unit B been there for 2 years. Unit D been there for 6 years.

Owner enjoys doing the weekly pool cleaning, lawn mowing, trimming of the bushes, handyman repairs, painting, sweeping, general maintenance items and the value of his time is not included.

Last Agent to Sell the Property

Connie Roberts

West USA Realty Brokerage Phone: 480.734.6339 License #BR007163000 Listed on: 03/16/2014

West USA Realty

Last Buyer's Agent

Connie Roberts

West USA Realty Brokerage Phone: 480.734.6339 License #BR007163000 Listed on: 03/16/2014

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,548

Year Built

  • Built in 1957

Lot Details

  • 0.27

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • Assigned Parking

Schools

  • Biltmore Preparatory Academy Elementary And Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Tax Lot 6
  • Assessor Parcel Number 170-27-117

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 88 x 133
  • Darleigh Manor Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $11,909
  • Gross Income $29,645
  • Net Operating Income $16,190

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,548

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: Camelback/Campbell South on 36th or 38th Streets
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2013
  • Directions: South to Turney - NO SIGN - please do not disturb tenants. Plenty to see in the photos, video (ask listing agent) and virtual tour.
  • Attribution Contact: 480.734.6339
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: Darleigh Manor
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block, Frame - Wood
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Assigned, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Heat Pump, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Barbecue, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Fuel Expense: 460.0
  • Trash Expense: 1289.0
  • Annual Water Sewer Expense: 2416.0

Schools

  • Elementary School: Biltmore Preparatory Academy
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Biltmore Preparatory Academy

Lot Info

  • Lot Size: 88 x 133
  • Additional Parcels: No
  • Parcel #: 170-27-117

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 1403.0
  • Annual Gross Income: 29644.56
  • Insurance Expense: 1411.0
  • Maintenance Expense: 1889.0
  • Property Net Operating Income: 16190.0
  • Annual Operating Expense: 11909.14
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1548.14
  • Tax Book Number: 170.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2014
Closed on
Aug 5, 2014
Sold by
Mooney Robert
Bought by
Colgate Montecito Llc
Seller's Agent
Connie Roberts
West USA Realty
Buyer's Agent
Connie Roberts
West USA Realty
List Price
$350,000
Sold Price
$312,500
Premium/Discount to List
-$37,500
-10.71%
Current Estimated Value
$1,054,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$742,284
Avg. Annual Appreciation
10.91%

Purchase Details

Closed on
Apr 27, 2009
Sold by
Mooney Robert
Bought by
Mooney Robert and R Mooney Revocable Trust
Source: Public Records

Range of Values:

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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
Colgate Montecito Llc $312,500 Chicago Title Agency Inc
Mooney Robert -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2014 08/18/14 Sold $312,500 -10.7% $292 / Sq Ft
06/30/2014 06/30/14 Pending -- -- --
03/16/2014 03/16/14 For Sale $350,000 -- $326 / 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 $2,758 $21,214 -- --
2024 $2,726 $20,204 -- --
2023 $2,726 $59,910 $11,980 $47,930
2022 $2,519 $45,470 $9,090 $36,380
2021 $2,590 $42,480 $8,490 $33,990
2020 $2,525 $37,750 $7,550 $30,200
2019 $2,508 $33,860 $6,770 $27,090
2018 $2,456 $30,130 $6,020 $24,110
2017 $2,360 $25,200 $5,040 $20,160
2016 $2,267 $20,270 $4,050 $16,220
2015 $2,110 $18,930 $3,780 $15,150
Source: Public Records

Agents Affiliated with this Home

  • Connie Roberts

    Seller's Agent in 2014

    Connie Roberts

    West USA Realty

    (480) 734-6339

    3 in this area

    17 Total Sales

    Connie Roberts
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5085423

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-27-117

Arizona Maricopa County Phoenix 85018 Camelback East Village

3517 E Montecito Ave, Phoenix, AZ

This home is located at 3517 E Montecito Ave, Phoenix, AZ 85018 since 16 March 2014 and is currently estimated at $1,054,784, approximately $983 per square foot. This property was built in 1957. 3517 E Montecito Ave is a home located in Maricopa County with nearby schools including Biltmore Preparatory Academy, 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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