$435,000
SOLD OCT 27, 2016
-- Bed
-- Bath
2,719 Sq Ft
0.26 Acres

Recently Sold

$160 Per Sq Ft

21% Above List Price

150 Days on Market

Highlights

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

About This Home

As of July 2022

Easy to own property located in one of the hottest and most desirable -high demand- neighborhoods in Phoenix - Arcadia Lite. Near the most popular destinations: Airport, Midtown and Downtown Phoenix, Tempe and Scottsdale with many of the most popular restaurants and shopping near by. This one low maintenance and beautiful desert landscaping. Large units with lots of storage. Many upgrades include the landscaping and updated A/C unit.

Last Agent to Sell the Property

Artur Ciesielski

HomeSmart License #SA527273000 Listed on: 04/10/2016

HomeSmart

Co-Listed By

Joanna Zajusz

HomeSmart License #SA536079000

Last Buyer's Agent

Wayne Graham

Locality Homes License #BR585826000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,551

Year Built

  • Built in 1959

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

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

Community Details

Overview

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

Building Details

  • Operating Expense $6,277
  • Gross Income $33,950
  • Net Operating Income $28,723

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,551

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 36th St. and Camelback Rd.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: r-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2015
  • Directions: Head south to Glenrosa Ave. East to property on the South side.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril12
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: CAMELBACK HORIZONS
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: <1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Ceiling Fan(s)
  • Heating: Central, Heat Pump, Electric, Natural Gas
  • 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

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

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

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 33950.0
  • Insurance Expense: 1146.0
  • Property Net Operating Income: 28723.0
  • Annual Operating Expense: 6277.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2551.0
  • 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%
Current Estimated Value
$1,358,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,748
Avg. Annual Appreciation
0.52%

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
13.29%
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 Type Sale Price Title Company
Warranty Deed $1,250,000 Lawyers Title
Cash Sale Deed $435,000 Grand Canyon Title Agency
Special Warranty Deed -- None Available
Quit Claim Deed -- Fidelity National Title Co
Warranty Deed -- Lawyers Title Of Arizona Inc
Warranty Deed $302,500 Lawyers Title Of Arizona Inc
Quit Claim Deed -- Fidelity National Title
Interfamily Deed Transfer $290,000 Fidelity National Title
Quit Claim Deed -- United Title Company
Interfamily Deed Transfer -- United Title Co
Warranty Deed $210,000 Grand Canyon Title Agency In
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $226,000 New Conventional
Previous Owner $226,850 New Conventional
Previous Owner $217,500 Purchase Money Mortgage
Previous Owner $157,500 New Conventional
Closed $42,000 No Value Available
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: 5426549

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-31-026