NOT LISTED FOR SALE

3526 E Montecito Ave Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $1,490,000 - $2,734,811

-- Bed
-- Bath
2,187 Sq Ft
$1,017/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $2,772,500 $1,268 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $12,897/month

77 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

As of April 2023

3526 East Montecito Avenue was originally built in 1958, renovated in 2018 and is of block construction. This garden-style property has a solid unit mix that features (8) spacious 2 bedroom / 1 bathroom apartments. The most recent capital expenditures at the property include; a full interior renovation that includes stainless steel appliances, white shaker cabinets, backsplash, countertops and more. The exterior has been renovated and features; vibrant desert landscaping, the installation of private front patios and private backyards. Each unit has a full-sized stackable washer and dryer and the property is individually metered for electricity. Given the location of this rarely available apartment community, there is room for investors to maximize rental increase potential.

Last Agent to Sell the Property

Dallin Hammond

ABI Multifamily License #SA677560000 Listed on: 09/29/2022

Co-Listed By

Carson Griesemer

ABI Multifamily License #SA686764000

Last Buyer's Agent

Dallin Hammond

ABI Multifamily License #SA677560000 Listed on: 09/29/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,542

Year Built

  • Built in 1958

Lot Details

  • Property fronts an alley

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 16 Parking Spaces
  • Carport
  • On-Street Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 170-27-121-A

Community Details

Overview

  • 3 Buildings
  • 8 Units
  • Building Dimensions are 177.96x133.15x178.15x133.15
  • Darleigh Manor Subdivision

Building Details

  • Operating Expense $4,542
  • Gross Income $164,664
  • Net Operating Income $125,848

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,542

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2022
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: DARLEIGH MANOR
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: 1 Space/Unit, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Ceiling Fan(s), Individual
  • 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:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 177.96x133.15x178.15x133.15
  • Additional Parcels: No
  • Parcel #: 170-27-121-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 8
  • Annual Gross Income: 164664.45
  • Property Net Operating Income: 125848.0
  • Annual Operating Expense: 4542.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4542.0
  • Tax Book Number: 170.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2022
Closed on
Apr 13, 2023
Sold by
Montecito On 36Th Llc
Bought by
Geiger Properties I Llc
Seller's Agent
Dallin Hammond
ABI Multifamily
Buyer's Agent
Dallin Hammond
ABI Multifamily
List Price
$2,700,000
Sold Price
$2,772,500
Premium/Discount to List
$72,500
2.69%
Total Days on Market
77
Views
117
Current Estimated Value
$2,225,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$547,297
Avg. Annual Appreciation
-9.72%
Original Mortgage
$965,448
Outstanding Balance
$943,754
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$1,281,449

Purchase Details

Closed on
Dec 5, 2017
Sold by
Holsinger Wayne T
Bought by
Montecito On 36Th Llc

Purchase Details

Closed on
Apr 11, 2017
Sold by
Felker Randolph B and Harris William J
Bought by
Holsinger Wayne T and Holsinger Family Revocable Trust

Purchase Details

Closed on
Apr 24, 2012
Sold by
Filipian Onik V
Bought by
Felkner Randolph B and Harris William J

Purchase Details

Closed on
Mar 22, 2012
Sold by
Filipian Onik V
Bought by
Felker Randolph B and Harris William J

Purchase Details

Closed on
Jul 5, 2007
Sold by
Filipian Onik V
Bought by
Montecito 26 Llc

Purchase Details

Closed on
Jun 11, 2007
Sold by
Filipian Onik V
Bought by
Montecito 26 Llc

Purchase Details

Closed on
Jan 10, 2006
Sold by
Filipian Marie
Bought by
Filipian Onik V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2006
Sold by
Montecito Phoenix Investments Llc
Bought by
Filipian Onik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2003
Sold by
Larsen Marion D
Bought by
Felker Randolph B

Purchase Details

Closed on
Jan 4, 1999
Sold by
Larsen Marion D
Bought by
Larsen Marion D

Purchase Details

Closed on
Dec 31, 1998
Sold by
Larsen Marion D
Bought by
Larsen Marion D and The Loretta L Larsen Credit Shelter Tr

Purchase Details

Closed on
Aug 7, 1995
Sold by
Kurilla Violet L
Bought by
Kurilla Violet L and Violet L Kurilla Declaration Of Trust

Purchase Details

Closed on
Apr 3, 1975
Sold by
Kurilla Violet L
Bought by
Willy Ted G
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
Geiger Properties I Llc $2,272,500 Kensington Vanguard National L
Montecito On 36Th Llc $925,000 Lawyers Title Of Arizona Inc
Holsinger Wayne T $600,000 Lawyers Title Of Arizona Inc
Felkner Randolph B $513,742 None Available
Felker Randolph B $13,742 None Available
Montecito 26 Llc -- Chicago Title Insurance Comp
Montecito 26 Llc -- Chicago Title Insurance Comp
Filipian Onik V -- Fidelity National Title
Filipian Onik $650,000 Fidelity National Title
Montecito Phoenix Investments Llc -- Fidelity National Title
Felker Randolph B $475,000 Chicago Title Insurance Co
Larsen Marion D $180,000 --
Larsen Marion D -- --
Kurilla Violet L -- --
Willy Ted G -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geiger Properties I Llc $965,448
Previous Owner Montecito On 36Th Llc $1,200,000
Previous Owner Montecito On 36Th Llc $105,000
Previous Owner Filipian Onik John $51,000
Previous Owner Filipian Onik John $35,000
Previous Owner Montecito Phoenix Investments Llc $510,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $2,772,500 +2.7% $1,268 / Sq Ft
02/16/2023 02/16/23 Price Changed $2,700,000 0.0% $1,235 / Sq Ft
12/15/2022 12/15/22 Pending -- -- --
12/14/2022 12/14/22 Pending -- -- --
09/29/2022 09/29/22 For Sale $2,700,000 0.0% $1,235 / Sq Ft
09/22/2018 09/22/18 Rented $1,295 0.0% --
09/14/2018 09/14/18 Under Contract -- -- --
08/21/2018 08/21/18 Price Changed $1,295 -2.3% $2 / Sq Ft
06/19/2018 06/19/18 Price Changed $1,325 -1.9% $2 / Sq Ft
06/19/2018 06/19/18 Price Changed $1,350 -3.2% $2 / Sq Ft
05/24/2018 05/24/18 Price Changed $1,395 +1.5% $2 / Sq Ft
05/21/2018 05/21/18 For Rent $1,375 -- --
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 $4,870 $37,459 -- --
2024 $4,814 $35,675 -- --
2023 $4,814 $115,350 $23,070 $92,280
2022 $4,542 $87,430 $17,480 $69,950
2021 $4,660 $81,430 $16,280 $65,150
2020 $4,546 $75,020 $15,000 $60,020
2019 $4,514 $65,370 $13,070 $52,300
2018 $4,421 $57,220 $11,440 $45,780
2017 $4,249 $47,770 $9,550 $38,220
2016 $4,083 $40,150 $8,030 $32,120
2015 $3,799 $37,480 $7,490 $29,990
Source: Public Records

Agents Affiliated with this Home

  • Dallin Hammond

    Seller's Agent in 2023

    Dallin Hammond

    ABI Multifamily

    (602) 714-1400

    10 in this area

    39 Total Sales

    Dallin Hammond
    Section Image
  • Carson Griesemer

    Seller Co-Listing Agent in 2023

    Carson Griesemer

    ABI Multifamily

    (602) 714-1400

    2 in this area

    29 Total Sales

    Carson Griesemer
    Section Image
  • Mitchell Drake

    Buyer Co-Listing Agent in 2023

    Mitchell Drake

    ABI Multifamily

    (602) 714-1400

    9 in this area

    29 Total Sales

    Mitchell Drake
    Section Image
  • Pamela Watson-Brown

    Seller's Agent in 2018

    Pamela Watson-Brown

    Arizona Elite Properties

    (480) 507-1800

    1 in this area

    56 Total Sales

    Pamela Watson-Brown
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6470591

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-27-121A

Arizona Maricopa County Phoenix 85018 Camelback East Village

3526 E Montecito Ave, Phoenix, AZ

This home is located at 3526 E Montecito Ave, Phoenix, AZ 85018 since 29 September 2022 and is currently estimated at $2,225,203, approximately $1,017 per square foot. This property was built in 1958. 3526 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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