NOT LISTED FOR SALE

3640 E Montecito Ave Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $817,861 - $1,560,000

-- Bed
-- Bath
3,859 Sq Ft
$290/Sq Ft Est. Value

Last Sold July 30, 2014

Last sale price $361,000 $94 Per Sq Ft

Est. 210% increase in value since last sale

Current estimated payment $6,599/month

449 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of July 2014

Custom 4-plex in Biltmore/Arcadia area. Rent all of the units or live in one and rent the other units! Unit #1: 2 bed, 2 bath, 1500+ sq ft, huge dining room, washer/dryer. Unit #2: 2 bed, 2 bath, 1200+ sq ft, huge rooms, washer/dryer. Unit #3: 1 bed, 1 bath, 575 sq ft. Unit #4: Studio with full kitchen and bath, 360 sq ft. Amenities: Covered carport parking, On-site laundry, Separate storage areas for each unit, Refrigerators in each unit, Gas & electric - individually metered, Water & Wifi included in rent, Private patio areas for each unit, Large grounds, Quiet & beautiful neighborhood & Great location! Please Do Not Disturb Tenants.

Last Agent to Sell the Property

Charles SantAngelo

HomeSmart License #SA542875000 Listed on: 03/14/2013

HomeSmart

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,910

Year Built

  • Built in 1960

Lot Details

  • 0.26

Home Design

  • Tile Roof
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking
  • Assigned Parking

Schools

  • Creighton Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 170-26-035

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $8,226
  • Gross Income $36,300
  • Net Operating Income $28,074

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,910

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 36th Street & Campbell Road:
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Res
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2012
  • Directions: South on 36th Street, East on Montecito Avenue
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Appliances: F/S Oven/Range, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition, Tile
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 1 Space/Unit, Street Parking, 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
  • Parking:Street Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 170-26-035

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 36300.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 28073.62
  • Annual Operating Expense: 8226.38

Tax Info

  • Tax Annual Amount: 1910.38
  • Tax Book Number: 170.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2013
Closed on
Jul 24, 2014
Sold by
Santangelo Charles
Bought by
Colgate Montecito Llc
Seller's Agent
Charles SantAngelo
HomeSmart
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$385,000
Sold Price
$361,000
Premium/Discount to List
-$24,000
-6.23%
Total Days on Market
449
Current Estimated Value
$1,120,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$759,715
Avg. Annual Appreciation
12.95%

Purchase Details

Closed on
Jul 25, 2007
Sold by
Speros Eva and Speros James A
Bought by
Santangelo Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,800
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2006
Sold by
Speros Eva
Bought by
Speros Eva and Speros James A

Purchase Details

Closed on
Feb 16, 1996
Sold by
Speros Arthur J and Speros Eva
Bought by
Speros Arthur J and Speros Eva
Source: Public Records

Range of Values:

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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
Colgate Montecito Llc $361,000 Chicago Title Agency Inc
Santangelo Charles $453,500 First American Title Ins Co
Speros Eva -- None Available
Speros Arthur J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colgate Montecito Llc $438,750
Previous Owner Santangelo Charles $362,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2014 07/30/14 Sold $361,000 -6.2% $94 / Sq Ft
06/06/2014 06/06/14 Pending -- -- --
03/14/2013 03/14/13 For Sale $385,000 -- $100 / 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 $3,981 $30,622 -- --
2024 $3,935 $29,163 -- --
2023 $3,935 $87,330 $17,460 $69,870
2022 $3,781 $66,330 $13,260 $53,070
2021 $3,873 $59,350 $11,870 $47,480
2020 $3,778 $51,960 $10,390 $41,570
2019 $3,752 $46,930 $9,380 $37,550
2018 $3,675 $41,220 $8,240 $32,980
2017 $3,533 $37,730 $7,540 $30,190
2016 $3,396 $30,850 $6,170 $24,680
2015 $3,159 $29,420 $5,880 $23,540
Source: Public Records

Agents Affiliated with this Home

  • Charles SantAngelo

    Seller's Agent in 2014

    Charles SantAngelo

    HomeSmart

    (602) 620-5700

    3 in this area

    9 Total Sales

    Charles SantAngelo
    Section Image

  • N

    Buyer's Agent in 2014

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4904415

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-26-035

Arizona Maricopa County Phoenix 85018 Camelback East Village

3640 E Montecito Ave, Phoenix, AZ

This home is located at 3640 E Montecito Ave, Phoenix, AZ 85018 since 14 March 2013 and is currently estimated at $1,120,715, approximately $290 per square foot. This property was built in 1960. 3640 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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