NOT LISTED FOR SALE

3619 E Monterosa St Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $319,000 - $413,000

Studio
-- Bath
-- Sq Ft
0.57 Acres Lot

Sale Details

Date Sold: November 26, 2012

Last sale price $1,350,000

Current estimated payment $2,349 / mo

79 Days on Market

Highlights

  • Fitness Center
  • Sauna
  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heated Community Pool
  • Ceramic Tile Flooring

About This Home

As of November 2012

18 Units for sale. 16- one bedroom units and 2- two bedroom units available. 100% OCCUPANCY! Beautiful condo conversion in Arcadia. Completely remodeled with the smallest attention to detail. Upgraded granite countertops, travertine flooring, plush carpeting, ensuite laundry, and designer paint colors in every unit. New roof, A/C's, hot water heaters and windows. Enjoyable resort style grounds with large BBQ areas, fire and ice tables, swimming pool, infrared hot sauna and work out room are just a few of the amenities in the quaint, luxury gated community. Located in the heart of of prime Phoenix real estate, walking distance to high-end shopping, dining and entertainment. Minutes from ''Old Town Scottsdale'', ''Downtown Phoenix'', and the airport. Note: Hot tub does not convey.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 08/06/2012

Co-Listed By

Michelle Cheverie

Diversified Partners LLC License #SA571225000

Last Buyer's Agent

Patrick O'Sullivan

Get Multifamily License #BR634211000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,690

Year Built

  • Built in 1979

Lot Details

  • 0.57

Home Design

  • Wood Frame Construction
  • Foam Roof

Parking

  • 7 Open Parking Spaces
  • 25 Parking Spaces
  • 18 Covered Spaces
  • On-Street Parking

Schools

  • Creighton Elementary School
  • Phoenix Union Cyber High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, landscaping, pool/spa maintenance
  • Tax Lot 102
  • Assessor Parcel Number 170-32-041

Community Details

Overview

  • 2 Buildings
  • 18 Units
  • Building Dimensions are 11677
  • Mountain Ridge Condos Subdivision

Amenities

  • Sauna

Recreation

  • Fitness Center
  • Heated Community Pool

Building Details

  • Operating Expense $69,469
  • Gross Income $146,985
  • Net Operating Income $85,903

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,690

Year Built

Built in 1979

Lot Details

0.57 Acres

Listing Details

  • Cross Street: 36th Street & Indian School Road
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2011
  • Road Surface Type: Asphalt
  • Professional Management Expense: 13029.0
  • Co List Office Mls Id: gerc01
  • Co List Office Phone: 602-688-9279
  • Subdivision Name: Mountain Ridge Condos
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 18.0
  • Parking Features: Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 25.0
  • General Property Description:Covered Parking Spcs: 18.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 25.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Exercise Room, Sauna, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Exterior Amenities:Guard Gate: Yes
  • Interior Amenities:Furnished: Yes
  • Interior Amenities:Partially Furnished: Yes

Schools

  • Elementary School: Creighton Elementary School
  • High School: Phoenix Union Cyber High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 11677
  • Additional Parcels: Yes
  • Parcel #: 170-32-041

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Electricity
  • Number Of Units Total: 18
  • Annual Gross Income: 146984.95
  • Insurance Expense: 7750.0
  • Maintenance Expense: 4500.0
  • Property Net Operating Income: 85903.0
  • Annual Operating Expense: 69469.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 15690.0
  • Tax Book Number: 170.00
  • Tax Lot: 102

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
Mar 21, 2006
Sold by
Bought by
Current Estimated Value
$366,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,360,000
Interest Rate
6.57%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 29, 2004
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
$1,050,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 1995
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
$520,000
Interest Rate
7.88%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$2,270,000 The Talon Group Tatum Garden
$1,500,000 Commonwealth Title
-- Commonwealth Title
-- Chicago Title Insurance Co
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
Previous Owner $2,360,000
Previous Owner $1,050,000
Previous Owner $520,000
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
11/26/2012 11/26/12 Sold $1,350,000 -6.3% --
10/24/2012 10/24/12 Pending -- -- --
08/06/2012 08/06/12 For Sale $1,440,000 -- --
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 -- $44 $44 --
2024 -- $50 $50 --
2023 -- $50 $50 --
2022 $0 $50 $50 $0
2021 $0 $50 $50 $0
2020 $0 $50 $50 $0
2019 $0 $50 $50 $0
2018 $0 $50 $50 $0
2017 $0 $50 $50 $0
2016 $0 $50 $50 $0
2015 -- $50 $50 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2012

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    16 in this area

    101 Total Sales

    Linda Gerchick
    Section Image

  • M

    Seller Co-Listing Agent in 2012

    Michelle Cheverie

    Diversified Partners LLC

  • Patrick O'Sullivan

    Buyer's Agent in 2012

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    5 in this area

    23 Total Sales

    Patrick O'Sullivan
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4810139

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-32-166

Arizona Maricopa County Phoenix 85018 Camelback East Village

3619 E Monterosa St, Phoenix, AZ

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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