M
Seller's Agent in 2021
Michelle Pauley
eXp Realty
3539 E Montecito Ave Unit OFC Phoenix, AZ 85018
Camelback East Village NeighborhoodEstimated Value: $1,332,000 - $1,856,000
Studio
12
Baths
4,000
Sq Ft
$383/Sq Ft
Est. Value
Highlights
- Multiple cooling system units
- Ceramic Tile Flooring
- Heating System Uses Natural Gas
- Phoenix Coding Academy Rated A
- Ceiling Fan
About This Home
As of May 2021Diverse, lucrative, posh investment opportunity in Arcadia Lite. Located in one of the hottest neighborhoods in the Valley, this unique property features 3- 1100 ft2 units that each feel like a private cottage, perfectly situated in the heart of the city. Renters simply cannot beat the location & swoon over these well appointed homes. One unit has its own private yard & another a private patio. Benefits: Mostly renovated in 2020: Full renovation on Units 2, 3 (see pics), partial renovation on unit 1; Fully occupied, renew the yearly leases or convert property to short term vacation rentals- Tons of potential with this place! Earn a monthly income, while depreciating the asset for taxes*, while taking advantage of increasing property values in this current market.
*consult your tax adviso *******Multiple offers received. Submit highest and best. Offers reviewed with seller on Saturday 4/24/21 at 12noon. Response no sooner than Saturday 9pm. Contact listing agent if writing offer- seller has language pertaining to 1031 exchange, etc. to be included Thank you.******
Last Agent to Sell the Property
Michelle Pauley
eXp Realty License #SA689046000 Listed on: 04/18/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,127
Year Built
- Built in 1961
Lot Details
- 0.27
Home Design
- Brick Exterior Construction
- Composition Roof
- Stucco
Flooring
- Ceramic Tile
- Vinyl
Parking
- 3 Parking Spaces
- Carport
- Paved Parking
- On-Street Parking
- Assigned Parking
Schools
- Creighton Elementary School
- Phoenix Union Cyber High School
Utilities
- Multiple cooling system units
- Heating System Uses Natural Gas
Additional Features
- Ceiling Fan
- Property fronts an alley
Listing and Financial Details
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 3
- Assessor Parcel Number 170-27-114
Community Details
Overview
- 2 Buildings
- 3 Units
- Building Dimensions are 89'x133.06'
- Darleigh Manor Subdivision
Building Details
- Operating Expense $10,827
- Gross Income $47,053
- Net Operating Income $47,053
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 9, 2024
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$197,588
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$1,335,630
Purchase Details
Listed on
Apr 18, 2021
Closed on
May 25, 2021
Sold by
Bought by
Seller's Agent
Michelle Pauley
eXp Realty
Buyer's Agent
Randall Averitte
HomeSmart
List Price
$1,095,000
Sold Price
$1,125,000
Premium/Discount to List
$30,000
2.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Purchase Details
Listed on
Mar 10, 2020
Closed on
May 11, 2020
Sold by
Bought by
Seller's Agent
Daniel Mullins
Altus Realty LLC
Buyer's Agent
Michael Gordon
Get Multifamily
List Price
$750,000
Sold Price
$675,000
Premium/Discount to List
-$75,000
-10%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
60.48%
Original Mortgage
$506,250
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 10, 2020
Closed on
Apr 22, 2020
Sold by
Bought by
Seller's Agent
Daniel Mullins
Altus Realty LLC
Buyer's Agent
Michael Gordon
Get Multifamily
List Price
$750,000
Sold Price
$675,000
Premium/Discount to List
-$75,000
-10%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 24, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
8.16%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 14, 1999
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Encore Title | ||
| $1,125,000 | Fidelity Natl Ttl Agcy Inc | ||
| -- | Fidelity Natl Ttl Agcy Inc | ||
| $675,000 | Fidelity Natl Ttl Agcy Inc | ||
| $130,000 | Security Title Agency | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $200,000 | ||
| Previous Owner | $506,250 | ||
| Previous Owner | $65,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/26/2021 05/26/21 | Sold | $1,125,000 | +2.7% | $281 / Sq Ft | |
| 04/24/2021 04/24/21 | Pending | -- | -- | -- | |
| 04/16/2021 04/16/21 | For Sale | $1,095,000 | +62.2% | $274 / Sq Ft | |
| 04/28/2020 04/28/20 | Sold | $675,000 | -10.0% | $169 / Sq Ft | View Prior Sale |
| 04/16/2020 04/16/20 | Price Changed | $750,000 | 0.0% | $188 / Sq Ft | |
| 03/13/2020 03/13/20 | Pending | -- | -- | -- | |
| 03/10/2020 03/10/20 | For Sale | $750,000 | -- | $188 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,548 | $26,268 | -- | -- |
| 2024 | $3,375 | $25,017 | -- | -- |
| 2023 | $3,375 | $73,170 | $14,630 | $58,540 |
| 2022 | $3,243 | $56,010 | $11,200 | $44,810 |
| 2021 | $3,322 | $52,080 | $10,410 | $41,670 |
| 2020 | $3,127 | $46,850 | $9,370 | $37,480 |
| 2019 | $3,106 | $42,450 | $8,490 | $33,960 |
| 2018 | $3,041 | $37,130 | $7,420 | $29,710 |
| 2017 | $2,922 | $33,160 | $6,630 | $26,530 |
| 2016 | $2,807 | $27,100 | $5,420 | $21,680 |
| 2015 | $2,613 | $25,270 | $5,050 | $20,220 |
Source: Public Records
Agents Affiliated with this Home
-
-
Melissa Twitchell
Seller Co-Listing Agent in 2021
Melissa Twitchell
eXp Realty
(602) 456-0712
4 in this area
118 Total Sales
-
Randall Averitte
R
Buyer's Agent in 2021
Randall Averitte
HomeSmart
(480) 226-7452
1 in this area
12 Total Sales
-
Daniel Mullins
Seller's Agent in 2020
Daniel Mullins
Altus Realty LLC
(480) 467-7527
25 Total Sales
-
R
Seller Co-Listing Agent in 2020
Robert Yeoman, Jr.
Altus Realty LLC
-
Michael Gordon
Buyer's Agent in 2020
Michael Gordon
Get Multifamily
(858) 774-6058
65 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6223123
APN: 170-27-114
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.
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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