NOT LISTED FOR SALE

3616 N 12th St Phoenix, AZ 85014

Central City Neighborhood

Estimated Value: $674,000 - $3,076,944

-- Bed
1 Bath
777 Sq Ft
$2,821/Sq Ft Est. Value

Last Sold November 23, 2022

Last sale price $2,825,000 $3,636 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $13,106/month

188 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of November 2022

Beautiful, High-end New Build 4 unit townhomes w/ each unit being 2,200 sqft, 4 bedrooms, 3.5 bathrooms, 3 total floors including 2 car garage and a rooftop deck. 42'' white shaker cabinets, quartz counters, stainless appliances, walk-in pantry and a wine fridge! Master Bath in each unit has a walk-in shower with overhead rainhead. Flooring to be light plank throughout including stairs. Amazing views from the top deck that is engineered to hold a hot tub. Construction to be completed middle of August 2022.

Last Agent to Sell the Property

Peggy Ternes

Bliss Realty & Investments License #SA668807000 Listed on: 05/18/2022

Bliss Realty & Investments

Last Buyer's Agent

Chad Schreiner

RMA-Mountain Properties License #SA678100000

RMA-Mountain Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,051

Year Built

  • Built in 2022

Lot Details

  • 0.29

Home Design

  • Block Exterior
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Covered Spaces
  • Paved Parking

Schools

  • Longview Elementary School
  • Osborn Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot KK
  • Assessor Parcel Number 118-17-049

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 161.21x78.86

Building Details

  • Operating Expense $2,051
  • Gross Income $172,800
  • Net Operating Income $170,749

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,051

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Cross Street: 12th St & Indian School
  • Property Type: Multiple Dwellings
  • Zoning: [R-4];[R1-6]
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 2022
  • Tax Year: 2021
  • Directions: From the 51, go West on Indian School, south on 12th St. Property will be on your right (west side of street).
  • Road Surface Type: Concrete
  • Garage Yn: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved, Add'l Parking Avail
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Schools

  • Elementary School: Longview Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 161.21x78.86
  • Additional Parcels: No
  • Parcel #: 118-17-049

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 172800.0
  • Property Net Operating Income: 170749.0
  • Annual Operating Expense: 2051.0

Tax Info

  • Tax Annual Amount: 2051.0
  • Tax Book Number: 118.00
  • Tax Lot: KK

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2022
Closed on
Nov 23, 2022
Sold by
Ternes Group Llc
Bought by
Brenco Oil Inc
Seller's Agent
Peggy Ternes
Bliss Realty & Investments
Buyer's Agent
Chad Schreiner
RMA-Mountain Properties
List Price
$2,900,000
Sold Price
$2,825,000
Premium/Discount to List
-$75,000
-2.59%
Views
14
Current Estimated Value
$2,191,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$633,019
Avg. Annual Appreciation
-8.55%
Original Mortgage
$1,425,000
Outstanding Balance
$1,384,636
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$807,345

Purchase Details

Listed on
Jan 6, 2021
Closed on
Mar 23, 2021
Sold by
Artisan Builders Llc
Bought by
The Ternes Group Llc
Seller's Agent
Nancie Dion
Real Broker
Buyer's Agent
Peggy Ternes
Bliss Realty & Investments
List Price
$700,000
Sold Price
$621,000
Premium/Discount to List
-$79,000
-11.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
150.46%
Original Mortgage
$496,800
Interest Rate
2.73%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 14, 2018
Sold by
Win Builders Llc
Bought by
Artisan Builders Llc

Purchase Details

Closed on
May 4, 2017
Sold by
Win Capital Llc
Bought by
Win Builders Llc

Purchase Details

Closed on
Apr 5, 2017
Sold by
Fox Remodelling Llc
Bought by
Win Capital Llc

Purchase Details

Closed on
Jan 27, 2017
Sold by
Fox Remodeling Llc
Bought by
Win Builders Llc

Purchase Details

Listed on
Jun 16, 2016
Closed on
Aug 26, 2016
Sold by
Jbm Holdings Llc
Bought by
Fox Remodeling Llc
Seller's Agent
Byron Applegate
Applegate Homes Realty
Buyer's Agent
Danielle LaFata
American Realty Brokers
List Price
$155,000
Sold Price
$145,000
Premium/Discount to List
-$10,000
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.95%
Original Mortgage
$200,000
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2016
Sold by
American Pacific Holdings Llc
Bought by
Jbm Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,015
Interest Rate
3.65%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 15, 2016
Sold by
Cordell Genevieve and Cordell Genevieve S A
Bought by
American Pacific Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,015
Interest Rate
3.65%
Mortgage Type
Unknown
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
Brenco Oil Inc $2,825,000 Wfg National Title Insurance C
The Ternes Group Llc -- Empire West Title Agency Llc
The Ternes Group Llc $621,000 Empire West Title Agency Llc
Artisan Builders Llc -- None Available
Win Builders Llc -- None Available
Win Capital Llc -- None Available
Win Builders Llc -- None Available
Win Builders Llc -- None Available
Fox Remodeling Llc $145,000 Pioneer Title Agency Inc
Jbm Holdings Llc -- None Available
American Pacific Holdings Llc $120,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brenco Oil Inc $1,425,000
Previous Owner The Ternes Group Llc $496,800
Previous Owner Artisan Builders Llc $500,000
Previous Owner Artisan Builders Llc $100,000
Previous Owner Fox Remodeling Llc $200,000
Previous Owner Fox Remodeling Llc $67,000
Previous Owner Jbm Holdings Llc $126,015
Previous Owner Cordell Genevieve $120,300
Previous Owner Cordell Genevieve S $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2022 11/23/22 Sold $2,825,000 -2.6% $3,636 / Sq Ft
11/23/2022 11/23/22 Price Changed $2,900,000 0.0% $3,732 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
10/27/2022 10/27/22 Price Changed $2,900,000 0.0% $3,732 / Sq Ft
10/02/2022 10/02/22 Price Changed $2,900,000 0.0% $3,732 / Sq Ft
07/16/2022 07/16/22 Pending -- -- --
07/15/2022 07/15/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $2,900,000 +367.0% $3,732 / Sq Ft
03/30/2021 03/30/21 Sold $621,000 -11.3% $799 / Sq Ft
03/26/2021 03/26/21 Price Changed $700,000 0.0% $901 / Sq Ft
03/11/2021 03/11/21 For Sale $700,000 0.0% $901 / Sq Ft
03/11/2021 03/11/21 Price Changed $700,000 0.0% $901 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
01/06/2021 01/06/21 For Sale $700,000 +382.8% $901 / Sq Ft
09/02/2016 09/02/16 Sold $145,000 -6.5% $150 / Sq Ft
09/01/2016 09/01/16 Price Changed $155,000 0.0% $160 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $155,000 -- $160 / 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 $18,359 $146,299 -- --
2024 $7,056 $139,332 -- --
2023 $7,056 $92,620 $29,240 $63,380
2022 $2,016 $31,290 $31,290 $0
2021 $2,051 $31,185 $31,185 $0
2020 $1,999 $27,840 $27,840 $0
2019 $1,912 $20,460 $20,460 $0
2018 $1,388 $15,060 $3,010 $12,050
2017 $1,274 $11,180 $2,230 $8,950
2016 $613 $8,650 $1,730 $6,920
2015 $571 $7,300 $1,460 $5,840
Source: Public Records

Agents Affiliated with this Home

  • Peggy Ternes

    Seller's Agent in 2022

    Peggy Ternes

    Bliss Realty & Investments

    (480) 468-4140

    5 in this area

    28 Total Sales

    Peggy Ternes
    Section Image
  • Chad Schreiner

    Buyer's Agent in 2022

    Chad Schreiner

    RE/MAX

    (480) 489-0491

    1 in this area

    148 Total Sales

    Chad Schreiner
    Section Image
  • Courtney Hoover

    Buyer Co-Listing Agent in 2022

    Courtney Hoover

    Compass

    (480) 818-3720

    1 in this area

    61 Total Sales

    Courtney Hoover
    Section Image
  • Nancie Dion

    Seller's Agent in 2021

    Nancie Dion

    Real Broker

    (480) 628-2372

    1 in this area

    47 Total Sales

    Nancie Dion
    Section Image
  • Kyle Bates

    Seller Co-Listing Agent in 2021

    Kyle Bates

    Real Broker

    (480) 639-8093

    6 in this area

    418 Total Sales

    Kyle Bates
    Section Image
  • Byron Applegate

    Seller's Agent in 2016

    Byron Applegate

    Applegate Homes Realty

    (480) 221-5218

    3 in this area

    95 Total Sales

    Byron Applegate
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6401566

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-17-049

Arizona Maricopa County Phoenix 85014 Central City

3616 N 12th St, Phoenix, AZ

This home is located at 3616 N 12th St, Phoenix, AZ 85014 since 18 May 2022 and is currently estimated at $2,191,981, approximately $2,821 per square foot. This property was built in 2022. 3616 N 12th St is a home located in Maricopa County with nearby schools including Longview Elementary School, Osborn Middle School, and North High School.

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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