NOT LISTED FOR SALE

3624 E Montecito Ave Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $1,071,000 - $1,376,000

6 Beds
-- Bath
2,652 Sq Ft
$467/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $767,500 $289 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $6,829/month

48 Days on Market

Highlights

  • Community Barbecue Grill
  • Ceramic Tile Flooring
  • ENERGY STAR Qualified Equipment
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of January 2021

Excellent Opportunity to own a cash flowing asset in the heart of Arcadia. This triplex has undergone significant capital improvements, including a new roof, new A/C units, new electrical wiring, new plumbing, new dual pane windows, new cosmetic upgrades to the bathrooms, vinyl floors, kitchen, stainless steel appliances, recessed lighting, private courtyard, security gates and more. Property is professionally managed with ability for new owner to take advantage of increasing the current rents. Demand for 2BED/2Bath units in this neighborhood make this property easy to limit vacancy. Do not disturb occupants

Last Agent to Sell the Property

Kevin Simshauser

HomeSmart License #SA678575000 Listed on: 10/28/2020

Last Buyer's Agent

John Zook

West USA Realty License #SA646214000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,047

Year Built

  • Built in 1961

Lot Details

  • 0.26

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Master Water Meter

Additional Features

  • ENERGY STAR Qualified Equipment
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 11
  • Assessor Parcel Number 170-26-038

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 11357
  • Pasadena Manor Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $3,047
  • Gross Income $48,600
  • Net Operating Income $43,856

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,047

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: 36th st and Montecito
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2020
  • Road Frontage Type: Alley
  • Road Surface Type: Gravel, Asphalt, Concrete, Sidewalk(s)
  • Subdivision Name: PASADENA MANOR
  • Cooling ENERGY STAR Qualified Equipment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: 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, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Paved Parking, 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: ENERGY STAR Qualified Equipment, Central A/C
  • Heating: Central, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Community Amenities:Barbecue: Yes

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: 11357
  • Additional Parcels: No
  • Parcel #: 170-26-038

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 48600.0
  • Property Net Operating Income: 43856.0
  • Annual Operating Expense: 3047.0

Tax Info

  • Tax Annual Amount: 3047.0
  • Tax Book Number: 170.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2020
Closed on
Mar 2, 2021
Sold by
Ho Miran
Bought by
Montecito 3624 Llc
Seller's Agent
Kevin Simshauser
HomeSmart
Buyer's Agent
John Zook
West USA Realty
List Price
$799,000
Sold Price
$767,500
Premium/Discount to List
-$31,500
-3.94%
Current Estimated Value
$1,237,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$470,132
Avg. Annual Appreciation
9.00%
Original Mortgage
$575,625
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 28, 2020
Closed on
Jan 14, 2021
Sold by
3624 Montecito Llc
Bought by
Ho Miran
Seller's Agent
Kevin Simshauser
HomeSmart
Buyer's Agent
John Zook
West USA Realty
List Price
$799,000
Sold Price
$767,500
Premium/Discount to List
-$31,500
-3.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,625
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2018
Sold by
Simshauser Kevin and Opeka Robert
Bought by
3624 Montecito Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2018
Sold by
Opeka Deirdre Boylan and Opeka Robert
Bought by
Opeka Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2018
Sold by
Opeka Deirdre Boylan and Opeka Robert James
Bought by
Opeka Robert James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,120
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 20, 2018
Sold by
Btzkk Home Investments Llc
Bought by
A2z Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,120
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 1, 2011
Sold by
Hickman Betty J
Bought by
Mcghee Marsha G and Gipson Marsha G
Source: Public Records

Range of Values:

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Average Value
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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
Montecito 3624 Llc -- Accommodation
Ho Miran $767,500 Premier Title Agency
3624 Montecito Llc -- Accommodation
Opeka Robert -- Pioneer Title Agency Inc
Simshauser Kevin -- Pioneer Title Agency Inc
Fair James -- Pioneer Title Agency Inc
Opeka Robert James -- Pioneer Title Agency Inc
Opeka Robert James -- Pioneer Title Agency Inc
Simsghauser Kevin Andrew $480,807 Pioneer Title Agency Inc
A2z Property Management Llc $475,000 Security Title Agency
Btzkk Home Investments Llc $436,000 Security Title Agency
Mcghee Marsha G -- Security Title Agency
Mcghee Marsha G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ho Miran $575,625
Previous Owner Opeka Robert James $399,120
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $767,500 -3.9% $289 / Sq Ft
12/07/2020 12/07/20 Pending -- -- --
10/20/2020 10/20/20 For Sale $799,000 0.0% $301 / Sq Ft
12/01/2013 12/01/13 Rented $825 -5.7% --
11/23/2013 11/23/13 Under Contract -- -- --
08/07/2013 08/07/13 For Rent $875 -- --
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 $3,211 $24,694 -- --
2024 $3,173 $23,518 -- --
2023 $3,173 $68,230 $13,640 $54,590
2022 $3,049 $51,910 $10,380 $41,530
2021 $3,123 $47,060 $9,410 $37,650
2020 $3,047 $41,160 $8,230 $32,930
2019 $3,026 $36,560 $7,310 $29,250
2018 $2,963 $31,930 $6,380 $25,550
2017 $2,849 $29,650 $5,930 $23,720
2016 $2,739 $24,200 $4,840 $19,360
2015 $2,548 $22,760 $4,550 $18,210
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kevin Simshauser

    HomeSmart

  • John Zook

    Buyer's Agent in 2021

    John Zook

    West USA Realty

    (602) 421-5600

    4 in this area

    38 Total Sales

    John Zook
    Section Image
  • Joanne Traynor

    Seller's Agent in 2013

    Joanne Traynor

    HomeSmart

    (480) 443-7400

    1 in this area

    15 Total Sales

    Joanne Traynor
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6149401

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-26-038

Arizona Maricopa County Phoenix 85018 Camelback East Village

3624 E Montecito Ave, Phoenix, AZ

This home is located at 3624 E Montecito Ave, Phoenix, AZ 85018 since 28 October 2020 and is currently estimated at $1,237,632, approximately $466 per square foot. This property was built in 1961. 3624 E Montecito Ave is a home located in Maricopa County with nearby schools including Biltmore Preparatory Academy, Camelback High School, and Phoenix Coding Academy.

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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