Seller's Agent in 2021
Patrick Burch
ABI Multifamily
(520) 603-1768
5 in this area
38 Total Sales
3629 E Turney Ave Phoenix, AZ 85018
Camelback East Village Neighborhood
--
Bed
--
Bath
3,419
Sq Ft
0.27
Acres
Highlights
- Cooling Available
- Community Barbecue Grill
- Heat Pump System
- Phoenix Coding Academy Rated A
- Ceramic Tile Flooring
About This Home
As of February 2021Four Renovated and Furnished Units operating as a Short-Term / Vacation Rental. This fourplex offers an amazing opportunity in one of the hottest submarkets in all of Phoenix. Located in the Arcadia area, this property sits in a quaint, quiet cul-de-sac of awesome mid-century buildings. It is within walking distance / a quick bike ride (slightly over a half mile) to the original locations of both La Grande Orange and Postino, two of Arcadia's most popular destinations. It is also a short bike ride to the original location of the Madison Improvement Club and other new trendy retail developments like Campbell Commons (Chop Shop, Provision Coffee Bar) and Arcadia Place (radi8 Hot Yoga, Arcadia Meat Market, Masterpiece Donuts and Coffee, etc.). Being a 10-minute car ride to the Biltmore Fashion Park in one direction and Old Town Scottsdale in the other, this property truly sits in the hottest location in the nucleus of Phoenix, allowing
residents to enjoy, with ease, so much of what Phoenix has to offer. With many
dining, shopping, and entertainment options, as well as multiple freeway access
points within minutes, this is about as desirable an area as it comes for residents
to live. This investment offering consists of a great unit mix of half 1 bedroom / 1 bath
units and half 2 bedroom / 1 bath units. They are all individually metered for
electricity. The buildings in this cul-de-sac exhibit amazing examples of the
vintage, mid-century charm that is becoming more and more popular today.
All of the units have been fully remodeled recently and many capital
improvements have been done. All of the units come fully furnished and have been operating as Air BnB / short term vacation rentals and have a long term, proven track record of solid income. There are
multiple other opportunities to add additional value to the investment through further renovations and rental increases. This is truly a unique offering in an incredible location where units do not come available often.
Last Agent to Sell the Property
ABI Multifamily License #BR515118000 Listed on: 02/21/2019
Last Buyer's Agent
Justin Anderson
HomeSmart License #SA552729000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,558
Year Built
- Built in 1961
Home Design
- Wood Frame Construction
- Foam Roof
- Block Exterior
Flooring
- Concrete
- Ceramic Tile
Parking
- 4 Parking Spaces
- 4 Covered Spaces
- Common or Shared Parking
- On-Street Parking
Schools
- Biltmore Preparatory Academy Elementary School
- Loma Linda Elementary Middle School
- Camelback High School
Utilities
- Cooling Available
- Heat Pump System
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 170-26-045
Community Details
Overview
- 4 Units
- Building Dimensions are 12,321 Survey Available
- Camelita Villa Subdivision
Amenities
- Community Barbecue Grill
Building Details
- Operating Expense $30,205
- Gross Income $96,330
- Net Operating Income $66,155
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 23, 2020
Closed on
Feb 2, 2021
Sold by
Tepe Llc
Bought by
Tetraplex Ventures Llc
Seller's Agent
Patrick Burch
ABI Multifamily
Buyer's Agent
Mary Jo Santistevan
SERHANT.
List Price
$1,100,000
Sold Price
$1,080,000
Premium/Discount to List
-$20,000
-1.82%
Total Days on Market
225
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,058
Avg. Annual Appreciation
7.61%
Purchase Details
Listed on
Feb 21, 2019
Closed on
Oct 23, 2019
Sold by
Sasso Llc
Bought by
Tepe Llc
Seller's Agent
Patrick Burch
ABI Multifamily
Buyer's Agent
Justin Anderson
HomeSmart
List Price
$870,000
Sold Price
$831,633
Premium/Discount to List
-$38,367
-4.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.46%
Purchase Details
Closed on
Aug 15, 2018
Sold by
Viti Gabriel J
Bought by
Sasso Llc
Purchase Details
Closed on
Nov 15, 2013
Sold by
Viti Jeannine and Viti Gabriel J
Bought by
Viti Gabriel J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
4.23%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 13, 2013
Sold by
Hibernia Turney Llc
Bought by
Viti Gabriel J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
4.23%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 24, 2005
Sold by
Pear Cynthia A
Bought by
Hibernia/Turney Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,080,000 | First American Title Ins Co | |
| Warranty Deed | $831,633 | American Title Svc Agcy Llc | |
| Warranty Deed | -- | Landmark Ttl Assurance Agcy | |
| Interfamily Deed Transfer | -- | Pioneer Title Agency Inc | |
| Cash Sale Deed | $330,000 | Pioneer Title Agency Inc | |
| Warranty Deed | $350,000 | Russ Lyon Title Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $247,500 | New Conventional | |
| Previous Owner | $247,500 | New Conventional | |
| Previous Owner | $225,000 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/09/2021 02/09/21 | Sold | $1,080,000 | -1.8% | $316 / Sq Ft |
| 12/19/2020 12/19/20 | Pending | -- | -- | -- |
| 10/23/2020 10/23/20 | For Sale | $1,100,000 | +32.3% | $322 / Sq Ft |
| 10/28/2019 10/28/19 | Sold | $831,633 | -4.4% | $243 / Sq Ft |
| 10/28/2019 10/28/19 | Price Changed | $870,000 | 0.0% | $254 / Sq Ft |
| 10/04/2019 10/04/19 | Pending | -- | -- | -- |
| 07/30/2019 07/30/19 | For Sale | $870,000 | 0.0% | $254 / Sq Ft |
| 06/11/2019 06/11/19 | Pending | -- | -- | -- |
| 02/21/2019 02/21/19 | For Sale | $870,000 | -- | $254 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $3,855 | $29,649 | -- | -- |
| 2024 | $3,810 | $28,237 | -- | -- |
| 2023 | $3,810 | $80,810 | $16,160 | $64,650 |
| 2022 | $3,661 | $61,480 | $12,290 | $49,190 |
| 2021 | $3,750 | $55,280 | $11,050 | $44,230 |
| 2020 | $3,658 | $48,400 | $9,680 | $38,720 |
| 2019 | $3,633 | $43,420 | $8,680 | $34,740 |
| 2018 | $3,558 | $38,170 | $7,630 | $30,540 |
| 2017 | $3,421 | $37,060 | $7,410 | $29,650 |
| 2016 | $3,288 | $30,360 | $6,070 | $24,290 |
| 2015 | $3,059 | $28,770 | $5,750 | $23,020 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Burch
-
John Klocek
Seller Co-Listing Agent in 2021
John Klocek
ABI Multifamily
(602) 639-0088
5 in this area
23 Total Sales
-
Mary Jo Santistevan
Buyer's Agent in 2021
Mary Jo Santistevan
SERHANT.
(480) 703-4085
9 in this area
216 Total Sales
-
J
Buyer's Agent in 2019
Justin Anderson
HomeSmart
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5886108
APN: 170-26-045
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.
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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