NOT LISTED FOR SALE

3629 E Glenrosa Ave Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $762,000 - $1,366,000

-- Bed
-- Bath
2,802 Sq Ft
$404/Sq Ft Est. Value

Last Sold June 16, 2021

Last sale price $865,000 $309 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,600/month

123 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

As of June 2021

The apartment community was built in 1959 and consists of (3) 1-bedroom / 1-bathroom units and (1) 2-bedroom / 1-bathroom unit. The exterior is in great condition and has clean, easy to maintain desert landscape which provides attention-grabbing curb appeal. Each unit boasts an individual private patio and a personal covered parking spot in the carport located at the back of the complex. The apartment complex also has an easily accessible laundry facility on the right side of the building.
This rare opportunity is located right in the heart of Arcadia, in the highly sought-after 85018 zip code, just minutes away from Biltmore Fashion Park. 3629 East Glenrosa Avenue is in close proximity to various boutique eateries such as La Grande Orange, Postino, and Ingo's. It is virtually equal distance to Camelback Mountain's hiking trails, the historic Biltmore Golf Club, Old Town Scottsdale, Phoenix Sky Harbor and the heart of Downtown Phoenix. Given the location of this rarely available apartment community, there is room for investors to renovate the interior to maximize rental increase potential.

Last Agent to Sell the Property

Tom Palestina

ABI Multifamily License #SA688331000 Listed on: 12/22/2020

Co-Listed By

Andrew Arambula

ABI Multifamily License #SA688881000

Last Buyer's Agent

Tom Palestina

ABI Multifamily License #SA688331000 Listed on: 12/22/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,062

Year Built

  • Built in 1959

Lot Details

  • 0.26

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for water, sewer, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 170-31-030

Community Details

Overview

  • 4 Units
  • Building Dimensions are 86 x 135
  • Camelback Horizons Subdivision

Building Details

  • Operating Expense $3,062
  • Gross Income $250,172
  • Net Operating Income $47,496

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,062

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1959
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: CAMELBACK HORIZONS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: 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: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: 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: No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 86 x 135
  • Additional Parcels: No
  • Parcel #: 170-31-030

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 250172.0
  • Property Net Operating Income: 47496.0
  • Annual Operating Expense: 3062.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 3062.0
  • Tax Book Number: 170.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2021
Sold by
Meerson Steven and Meerson Pamela
Bought by
Steven R Meerson And Pamela A Meerson Revocab and Meerson
Total Days on Market
123
Current Estimated Value
$1,131,881

Purchase Details

Listed on
Dec 22, 2020
Closed on
Jun 4, 2021
Sold by
George K H Lau & Assc Inc 401K Profit Sh
Bought by
Meerson Steven and Meerson Pamela
Seller's Agent
Tom Palestina
ABI Multifamily
Buyer's Agent
Tom Palestina
ABI Multifamily
List Price
$960,000
Sold Price
$865,000
Premium/Discount to List
-$95,000
-9.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%
Original Mortgage
$648,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 6, 2018
Closed on
Sep 25, 2018
Sold by
Lau Sheldon
Bought by
George K H Lau & Associates Inc
Seller's Agent
Russell Shaw
Realty One Group
Buyer's Agent
Justin Bland
Better Homes & Gardens Real Estate SJ Fowler
List Price
$524,900
Sold Price
$550,000
Premium/Discount to List
$25,100
4.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.11%

Purchase Details

Closed on
Feb 3, 1999
Sold by
Meyers Geraldine E and Geraghty Barbara A
Bought by
Geraghty Barbara A

Purchase Details

Closed on
Nov 21, 1997
Sold by
Meyers Geraldine E and Geraghty Barbara A
Bought by
The Glenrosa Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,010
Interest Rate
7.49%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 1, 1997
Sold by
Kaszowski Michael and Kaszowski Rose
Bought by
Geraghty Barbara A and Meyers Geraldine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,010
Interest Rate
7.49%
Mortgage Type
FHA
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
Steven R Meerson And Pamela A Meerson Revocab -- Grand Canyon Title
Meerson Steven $865,000 First American Title Ins Co
George K H Lau & Associates Inc -- Accommodation
Lau Sheldon -- Old Republic Title Agency
Lau Sheldon $550,000 Old Republic Title Agency
Geraghty Barbara A -- --
Geraghty Barbara A -- --
The Glenrosa Avenue Llc -- --
Geraghty Barbara A $139,900 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meerson Steven $648,750
Previous Owner Geraghty Barbara A $146,000
Previous Owner Geraghty Barbara A $173,600
Previous Owner Geraghty Barbara A $139,010
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2021 06/16/21 Sold $865,000 -3.9% $309 / Sq Ft
03/15/2021 03/15/21 Price Changed $900,000 -2.7% $321 / Sq Ft
03/05/2021 03/05/21 Price Changed $925,000 -3.6% $330 / Sq Ft
01/22/2021 01/22/21 For Sale $960,000 0.0% $343 / Sq Ft
01/22/2021 01/22/21 Price Changed $960,000 +11.0% $343 / Sq Ft
01/07/2021 01/07/21 Off Market $865,000 -- --
12/21/2020 12/21/20 For Sale $895,000 +62.7% $319 / Sq Ft
09/27/2018 09/27/18 Sold $550,000 +4.8% $196 / Sq Ft
09/17/2018 09/17/18 Price Changed $524,900 0.0% $187 / Sq Ft
09/13/2018 09/13/18 Pending -- -- --
09/06/2018 09/06/18 For Sale $524,900 -- $187 / 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 $3,318 $25,521 -- --
2024 $3,280 $24,306 -- --
2023 $3,280 $75,060 $15,010 $60,050
2022 $3,056 $55,780 $11,150 $44,630
2021 $3,140 $51,080 $10,210 $40,870
2020 $3,062 $44,920 $8,980 $35,940
2019 $3,042 $39,660 $7,930 $31,730
2018 $2,978 $34,750 $6,950 $27,800
2017 $2,862 $30,970 $6,190 $24,780
2016 $2,750 $25,260 $5,050 $20,210
2015 $2,559 $23,820 $4,760 $19,060
Source: Public Records

Agents Affiliated with this Home

  • Tom Palestina

    Seller's Agent in 2021

    Tom Palestina

    ABI Multifamily

    (602) 714-1400

    8 in this area

    35 Total Sales

    Tom Palestina
    Section Image
  • Andrew Arambula

    Seller Co-Listing Agent in 2021

    Andrew Arambula

    ABI Multifamily

    (602) 513-5200

    10 in this area

    50 Total Sales

    Andrew Arambula
    Section Image
  • Russell Shaw

    Seller's Agent in 2018

    Russell Shaw

    Realty One Group

    (602) 957-7777

    11 in this area

    483 Total Sales

    Russell Shaw
    Section Image

  • J

    Buyer's Agent in 2018

    Justin Bland

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6173652

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-31-030

Arizona Maricopa County Phoenix 85018 Camelback East Village

3629 E Glenrosa Ave, Phoenix, AZ

This home is located at 3629 E Glenrosa Ave, Phoenix, AZ 85018 since 22 December 2020 and is currently estimated at $1,131,881, approximately $403 per square foot. This property was built in 1959. 3629 E Glenrosa 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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