$550,000
SOLD SEP 27, 2018
-- Bed
-- Bath
2,802 Sq Ft
0.26 Acres

Recently Sold

$196 Per Sq Ft

5% Above List Price

7 Days on Market

Highlights

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

About This Home

As of June 2021

PLEASE DO NOT DISTURB TENANTS OR WALK PROPERTY * DRIVE BY ONLY * FANTASTIC BILTMORE ARCADIA LOCATION * WELL MAINTAINED 4-PLEX * COPPER WIRING & PLUMBING * PORCELAIN SINKS * UPGRADED DUAL PANE WINDOWS * EXTERIOR PAINT WITHIN THE LAST FEW YEARS * ONE UNIT HAS NATURAL STONE COUNTERS * UPDATED WATER & SEWER LINES * EASY CARE DESERT LANDSCAPING WITH WATERING SYSTEM * MOUNTAIN VIEWS * PER SELLER NEVER VACANT FOR MORE THAN A FEW DAYS SINCE TENANTS LOVE THE LOCATION TO SHOPPING, RESTAURANTS, SCOTTSDALE & DOWNTOWN * DON'T MISS THIS ONE * SEE IT TODAY!

Last Agent to Sell the Property

Russell Shaw

Realty One Group Brokerage Phone: 602-957-7777 License #BR008345000 Listed on: 09/06/2018

Realty One Group

Last Buyer's Agent

Justin Bland

Better Homes & Gardens Real Estate SJ Fowler License #SA529935000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,862

Year Built

  • Built in 1959

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

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

Schools

  • Biltmore Preparatory Academy Elementary And Middle School
  • Camelback High School

Utilities

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

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • 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 $9,991
  • Gross Income $41,478
  • Net Operating Income $36,344

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,862

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 36TH ST & CAMELBACK
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2017
  • Directions: SOUTH TO GLENROSA * EAST TO COMPLEX
  • Attribution Contact: 602-957-7777
  • Road Surface Type: Asphalt
  • Subdivision Name: CAMELBACK HORIZONS
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: 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
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: 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

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Fuel Expense: 276.0
  • Annual Water Sewer Expense: 1440.0

Schools

  • Elementary School: Biltmore Preparatory Academy
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Biltmore Preparatory Academy

Lot Info

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

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Electric Expense: 1116.0
  • Annual Gross Income: 41477.52
  • Insurance Expense: 856.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 36344.0
  • Annual Operating Expense: 9991.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 2862.0
  • 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
Current Estimated Value
$1,120,735

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
6.47%
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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Grand Canyon Title
Warranty Deed $865,000 First American Title Ins Co
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Old Republic Title Agency
Warranty Deed $550,000 Old Republic Title Agency
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $139,900 North American Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $648,750 New Conventional
Previous Owner $146,000 New Conventional
Previous Owner $173,600 Unknown
Previous Owner $139,010 FHA
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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5816178

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-31-030