NOT LISTED FOR SALE

Estimated Value: $909,000 - $1,473,000

-- Bed
-- Bath
2,719 Sq Ft
$467/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $1,250,000 $460 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,010/month

36 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of July 2022

This 4 unit apartment community was built in 1959 and consists of (3) 1-bedroom / 1-bathroom units and (1) 2-bedroom / 1-bathroom unit. The exterior is in great condition and has clean, easy to maintain desert landscape which provides attention-grabbing curb appeal. Each unit boasts an individual private patio and a personal covered parking spot in the carport located at the back of the complex. The community also has an easily accessible laundry room for the 2-bedroom/1-bathroom unit that could be transformed into a community laundry facility. is in close proximity to various boutique eateries such as La Grande Orange, and Ingo's Tasty Food. It is virtually equal distance to Camelback Mountain's hiking trails, the historic Biltmore Golf Club, Old Town Scottsdale, & Phoenix Sky Harbor.

Last Agent to Sell the Property

Tom Palestina

ABI Multifamily License #SA688331000 Listed on: 05/31/2022

Co-Listed By

Andrew Arambula

ABI Multifamily License #SA688881000

Last Buyer's Agent

Tony Feiter

Avery Properties, LLC License #BR508410000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,127

Year Built

  • Built in 1959

Lot Details

  • 0.26

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer
  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 170-31-026

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11,100
  • Camelback Horizons Subdivision

Building Details

  • Operating Expense $3,127
  • Gross Income $47,359
  • Net Operating Income $31,133

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,127

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1959
  • Tax Year: 2021
  • Road Surface Type: Asphalt, Concrete
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: CAMELBACK HORIZONS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: 11,100
  • Additional Parcels: No
  • Parcel #: 170-31-026

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 47359.4
  • Property Net Operating Income: 31133.0
  • Annual Operating Expense: 3127.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3127.0
  • Tax Book Number: 170.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Jul 21, 2022
Sold by
Kristine Khogyani
Bought by
3615 Glenrosa Llc
Seller's Agent
Tom Palestina
ABI Multifamily
Buyer's Agent
Tony Feiter
Avery Properties, LLC
List Price
$1,450,000
Sold Price
$1,250,000
Premium/Discount to List
-$200,000
-13.79%
Total Days on Market
36
Current Estimated Value
$1,270,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,225
Avg. Annual Appreciation
3.04%

Purchase Details

Listed on
Apr 10, 2016
Closed on
Oct 10, 2016
Sold by
Csm Investments Llc
Bought by
Powell Kristine
Seller's Agent
Artur Ciesielski
HomeSmart
Buyer's Agent
Wayne Graham
Locality Homes
List Price
$359,000
Sold Price
$435,000
Premium/Discount to List
$76,000
21.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.11%

Purchase Details

Closed on
Mar 7, 2015
Sold by
Hendriks Max and Hendriks Stephanie
Bought by
Csm Investments Llc

Purchase Details

Closed on
Dec 26, 2014
Sold by
Csm Investments Llc
Bought by
Hendriks Max and Hendriks Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 20, 2014
Closed on
Mar 11, 2014
Sold by
Hendriks Max and Hendriks Stephanie
Bought by
Csm Investments Llc
Seller's Agent
David Zargaryan
HomeSmart
Buyer's Agent
David Zargaryan
HomeSmart
List Price
$327,900
Sold Price
$302,500
Premium/Discount to List
-$25,400
-7.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.32%
Original Mortgage
$226,850
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 20, 2014
Closed on
Mar 7, 2014
Sold by
Kemandzhyan Yuliya
Bought by
Hendriks Max and Hendriks Stephanie
Seller's Agent
David Zargaryan
HomeSmart
Buyer's Agent
David Zargaryan
HomeSmart
List Price
$327,900
Sold Price
$302,500
Premium/Discount to List
-$25,400
-7.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,850
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2009
Sold by
Kodzhabashyan Minas
Bought by
Kemandzhyan Yuliya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 2008
Sold by
Kemandzhyan Yuliya
Bought by
Kemandzhyan Tammy

Purchase Details

Closed on
Jan 13, 2004
Sold by
Cashin Suzanne D
Bought by
Kemandzhyan Tammy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2000
Sold by
Cashin Robert C and Cashin Suzanne D
Bought by
Cashin Robert C and Cashin Suzanne D

Purchase Details

Closed on
Dec 7, 1994
Sold by
Cashin Robert C and Cashin Suzanne D
Bought by
Cashin Robert C and Cashin Suzanne D
Source: Public Records

Range of Values:

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Average Value
Not Available
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
3615 Glenrosa Llc $1,250,000 Lawyers Title
Powell Kristine $435,000 Grand Canyon Title Agency
Csm Investments Llc -- None Available
Hendriks Max -- Fidelity National Title Co
Csm Investments Llc -- Lawyers Title Of Arizona Inc
Hendriks Max $302,500 Lawyers Title Of Arizona Inc
Kemandzhyan Yuliya -- Fidelity National Title
Kemandzhyan Yuliya $290,000 Fidelity National Title
Kemandzhyan Tammy -- United Title Company
Kemandzhyan Yuliya -- United Title Co
Kemandzhyan Tammy $210,000 Grand Canyon Title Agency In
Cashin Robert C -- --
Cashin Robert C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hendriks Max $226,000
Previous Owner Hendriks Max $226,850
Previous Owner Kemandzhyan Yuliya $217,500
Previous Owner Kemandzhyan Tammy $157,500
Closed Kemandzhyan Tammy $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $1,250,000 -13.8% $460 / Sq Ft
05/31/2022 05/31/22 For Sale $1,450,000 +233.3% $533 / Sq Ft
10/27/2016 10/27/16 Sold $435,000 +21.2% $160 / Sq Ft
09/07/2016 09/07/16 Pending -- -- --
04/10/2016 04/10/16 For Sale $359,000 +18.7% $132 / Sq Ft
03/14/2014 03/14/14 Sold $302,500 -7.7% $111 / Sq Ft
02/21/2014 02/21/14 Pending -- -- --
01/20/2014 01/20/14 For Sale $327,900 -- $121 / 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 $3,215 $24,727 -- --
2024 $3,178 $23,550 -- --
2023 $3,178 $72,110 $14,420 $57,690
2022 $3,053 $53,970 $10,790 $43,180
2021 $3,127 $49,270 $9,850 $39,420
2020 $3,051 $43,230 $8,640 $34,590
2019 $3,030 $38,250 $7,650 $30,600
2018 $2,967 $33,460 $6,690 $26,770
2017 $2,853 $29,720 $5,940 $23,780
2016 $2,742 $24,220 $4,840 $19,380
2015 $2,551 $22,830 $4,560 $18,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6408667

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-31-026