$700,000
SOLD DEC 19, 2025

3518 E Montecito Ave Phoenix, AZ 85018

Camelback East Village Neighborhood
-- Bed
-- Bath
2,674 Sq Ft
1957 Built

Recently Sold

$262 Per Sq Ft

30% Below List Price

110 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Phoenix Coding Academy Rated A

About This Home

As of December 2025

(3) 1 BEDDROOM/1 BATH UNITS AND (1) 2 BEDROOM/1 BATH UNIT IS SEMI DETACHED FROM 1 BEDROOM UNITS ACROSS BREEZEWAY WITH LARGE FENCED YARD*2 BEDROOM UNIT HAS BEEN REMODELED WITHPLANK STYLE TILE FLOORING, KITCHEN CABINETS,, GRANITE COUNTER TOPS* HAS A BEEHIVE FIREPLACE**1 BEDROOM UNITS HAVE LAMINATE FLOORING, TILE COUNTER TOPS, TILE FLOORING IN KITCHEN AND BATHS, SMALL INDIVIDUAL FENCED BACK PATIOS*STORAGE/WORKSHOP FOR OWNER*COIN OPERATED WASHER/DRYER IN LAUNDRY ROOM WITH EXTRA CLOSET SIZED STORAGE FOR EACH UNIT* 4 COVERED PARKING SPACES* OWNER/AGENT

Last Agent to Sell the Property

Mark Otten

HomeSmart License #BR041111000 Listed on: 08/05/2025

HomeSmart

Last Buyer's Agent

Robert Romanet

ARRT of Real Estate License #SA686850000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,194

Year Built

  • Built in 1957

Home Design

  • Composition Roof

Interior Spaces

  • Ceiling Fan

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • Carport
  • Free Parking

Schools

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

Utilities

  • Central Heating and Cooling System
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Wall Furnace

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 170-27-120

Community Details

Overview

  • 4 Units
  • Building Dimensions are 89X133
  • Darleigh Manor Subdivision

Building Details

  • Operating Expense $9,594
  • Gross Income $41,800
  • Net Operating Income $38,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,194

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: 36th STREET AND iNDIAN SCHOOL
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2024
  • Subdivision Name: DARLEIGH MANOR
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile, Concrete
  • Appliances: Built-In Range, Refrigerator, Free-Standing Electric Oven
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free, 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s), Heat Pump, Individual
  • Heating: Central, Heat Pump, Electric, Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Fuel Expense: 400.0
  • Annual Water Sewer Expense: 2400.0

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: 89X133
  • Additional Parcels: No
  • Parcel #: 170-27-120

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 600.0
  • Annual Gross Income: 41800.0
  • Insurance Expense: 3000.0
  • Property Net Operating Income: 38000.0
  • Annual Operating Expense: 9594.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3194.0
  • Tax Book Number: 170.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2025
Closed on
Dec 1, 2025
Sold by
Otten Mark R
Bought by
Royal Palm Ventures Llc
Seller's Agent
Mark Otten
HomeSmart
Buyer's Agent
Robert Romanet
ARRT of Real Estate
List Price
$995,000
Sold Price
$700,000
Premium/Discount to List
-$295,000
-29.65%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
379679.38%
Original Mortgage
$490,000
Outstanding Balance
$490,000
Interest Rate
6.22%
Mortgage Type
New Conventional
Estimated Equity
$483,373

Purchase Details

Closed on
Nov 15, 2002
Sold by
Carter Donna R and Schlimgen John G
Bought by
Otten Mark R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,500
Interest Rate
6.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 1996
Sold by
Kunkel James F and Kunkel Vera M
Bought by
Schlimgen John G and Carter Donna R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,820
Interest Rate
7.68%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $700,000 Capital Title
Warranty Deed $250,000 Security Title Agency
Joint Tenancy Deed $141,000 Security Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $490,000 New Conventional
Previous Owner $177,500 New Conventional
Previous Owner $143,820 VA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2025 12/19/25 Sold $700,000 -15.2% $262 / Sq Ft
11/25/2025 11/25/25 Price Changed $825,000 -7.8% $309 / Sq Ft
11/23/2025 11/23/25 Pending -- -- --
09/09/2025 09/09/25 Price Changed $895,000 -10.1% $335 / Sq Ft
08/05/2025 08/05/25 For Sale $995,000 -- $372 / 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 $3,318 $24,565 -- --
2024 $3,157 $23,395 -- --
2023 $3,157 $68,960 $13,790 $55,170
2022 $2,906 $52,430 $10,480 $41,950
2021 $2,989 $47,650 $9,530 $38,120
2020 $2,914 $41,520 $8,300 $33,220
2019 $2,895 $36,770 $7,350 $29,420
2018 $2,834 $32,030 $6,400 $25,630
2017 $2,723 $29,530 $5,900 $23,630
2016 $2,616 $24,100 $4,820 $19,280
2015 $2,435 $23,220 $4,640 $18,580
Source: Public Records

Agents Affiliated with this Home

  • Mark Otten

    Seller's Agent in 2025

    Mark Otten

    HomeSmart

    (602) 861-3300

    1 in this area

    4 Total Sales

    Mark Otten
    Section Image
  • Robert Romanet

    Buyer's Agent in 2025

    Robert Romanet

    ARRT of Real Estate

    (602) 653-0916

    6 in this area

    51 Total Sales

    Robert Romanet
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6901878

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-27-120

Arizona Maricopa County Phoenix 85018 Camelback East Village

3518 E Montecito Ave, Phoenix, AZ

Sold

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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