NOT LISTED FOR SALE

3628 E Verde Ln Unit 1 Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $760,487 - $872,000

6 Beds
-- Bath
2,535 Sq Ft
$325/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $475,000 $187 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $4,734/month

9 Days on Market

Highlights

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

About This Home

As of December 2020

LOCATION, LOCATION, LOCATION!* Perfect for owner occupant. Lots of Charm! Two 2- bedroom 1 bath and One 2-bedroom 1.5 bath. Washer/dryer hookups in each unit. Vaulted ceilings. Individual carports adjoin the units. Well built triplex located between
Biltmore & Arcadia sub-markets. All financial
information is based on proforma rents and
expenses. Buyer to verify all information prior to close of escrow. Do not disturb tenants! Drive by only!

Last Agent to Sell the Property

Lawrence Wright

Better Homes & Gardens Real Estate SJ Fowler License #SA031068000 Listed on: 10/16/2020

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,724

Year Built

  • Built in 1961

Lot Details

  • 0.28

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 7 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 127-22-070

Community Details

Overview

  • 3 Units
  • Building Dimensions are irregular

Building Details

  • Operating Expense $10,041
  • Gross Income $32,490
  • Net Operating Income $22,465

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,724

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: 36th St and Thomas Rd
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2020
  • Directions: 36th St and Thomas Rd East to 37th St north to Verde Ln west to property.
  • Road Surface Type: Gravel, Asphalt
  • Professional Management Expense: 2600.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Wood
  • 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: 5.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1050.0
  • Annual Water Sewer Expense: 867.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 127-22-070

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 500.0
  • Annual Gross Income: 32490.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 22465.0
  • Annual Operating Expense: 10041.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1724.0
  • Tax Book Number: 127.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2020
Closed on
Dec 30, 2020
Sold by
Lyle R Book & Barbara J Book Liv Tr
Bought by
Phx Buildings Llc
Seller's Agent
Lawrence Wright
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%
Total Days on Market
9
Current Estimated Value
$822,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,622
Avg. Annual Appreciation
12.62%

Purchase Details

Closed on
Apr 1, 2015
Sold by
Book Lyle and Book Barbara
Bought by
3628 Verde Llc

Purchase Details

Closed on
Sep 3, 2014
Sold by
3628 Verde Llc
Bought by
Book Lyle and Book Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,275
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2014
Closed on
Apr 21, 2014
Sold by
Larson Beverly J
Bought by
Book Lyle and Book Barbara
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$179,000
Sold Price
$173,250
Premium/Discount to List
-$5,750
-3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.79%
Original Mortgage
$129,900
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2014
Closed on
Apr 16, 2014
Sold by
Book Lyle and Book Barbara
Bought by
3628 Verde Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$179,000
Sold Price
$173,250
Premium/Discount to List
-$5,750
-3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,900
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2001
Sold by
Larson Beverly J
Bought by
Larson Beverly J and Beverly J Larson Ind Trust

Purchase Details

Closed on
Jun 18, 2001
Sold by
Larson Myron K
Bought by
Larson Beverly J

Purchase Details

Closed on
Jun 11, 1999
Sold by
Larson Myron
Bought by
Larson Beverly
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
Phx Buildings Llc $475,000 Chicago Title Agency
3628 Verde Llc -- Pioneer Title Agency Inc
Book Lyle -- Pioneer Title Agency Inc
Book Lyle $173,250 Chicago Title Agency Inc
3628 Verde Llc -- Chicago Title Agency Inc
Larson Beverly J -- --
Larson Beverly J -- --
Larson Beverly -- First American Title
Larson Beverly $90,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Book Lyle $121,275
Previous Owner Book Lyle $129,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $475,000 -4.8% $187 / Sq Ft
10/31/2020 10/31/20 For Sale $499,000 0.0% $197 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
10/13/2020 10/13/20 For Sale $499,000 +188.0% $197 / Sq Ft
04/25/2014 04/25/14 Sold $173,250 -3.2% $68 / Sq Ft
04/25/2014 04/25/14 Pending -- -- --
04/25/2014 04/25/14 For Sale $179,000 -- $71 / 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 $1,816 $13,969 -- --
2024 $1,795 $13,304 -- --
2023 $1,795 $54,010 $10,800 $43,210
2022 $1,725 $39,070 $7,810 $31,260
2021 $1,767 $37,450 $7,490 $29,960
2020 $1,724 $32,110 $6,420 $25,690
2019 $1,712 $25,410 $5,080 $20,330
2018 $1,676 $22,060 $4,410 $17,650
2017 $1,612 $19,250 $3,850 $15,400
2016 $1,549 $16,100 $3,220 $12,880
2015 $1,441 $13,830 $2,760 $11,070
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Lawrence Wright

    Better Homes & Gardens Real Estate SJ Fowler

  • N

    Buyer's Agent in 2020

    Non-MLS Agent

    Non-MLS Office

  • Lloyd Kaipainen

    Seller's Agent in 2014

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2014

    Lois Kaipainen

    Income Property Shop

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6147373

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-22-070

Arizona Maricopa County Phoenix 85018 Camelback East Village

3628 E Verde Ln Unit 1, Phoenix, AZ

This home is located at 3628 E Verde Ln Unit 1, Phoenix, AZ 85018 since 16 October 2020 and is currently estimated at $822,622, approximately $324 per square foot. This property was built in 1961. 3628 E Verde Ln Unit 1 is a home located in Maricopa County with nearby schools including Monte Vista Elementary School, 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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