NOT LISTED FOR SALE

3646 E Montecito Ave Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $1,329,000 - $1,836,000

-- Bed
-- Bath
4,261 Sq Ft
$367/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $815,000 $191 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $9,099/month

190 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of September 2018

This is an excellent opportunity to own in the highly desirable Arcadia area. Fantastic opportunity for long or short term rental income. This quad consists of all two bedroom units (1 x 2/2 + den + enclosed patio, 2 x 2/1, 1 x 2/1 with private yard.) that have been upgraded throughout. All units have dual entry, private storage, and covered parking. Property has been meticulously maintained. Do not disturb tenants. Drive by only. Please provide proof of funds upon submitting an offer. Seller motivated and would like to close by end of August.

Last Agent to Sell the Property

Joseph Morgan

Joseph A Morgan License #BR639098000 Listed on: 02/27/2018

Last Buyer's Agent

Sanjog Gopal

eXp Realty License #BR574137000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,754

Year Built

  • Built in 1960

Lot Details

  • 0.26

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, sewer, landscaping
  • Tax Lot 7
  • Assessor Parcel Number 170-26-034

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11,285 sq ft.
  • Pasadena Manor Subdivision

Building Details

  • Operating Expense $12,308
  • Gross Income $65,882
  • Net Operating Income $53,596

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,754

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Indian School & 36th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2017
  • Directions: North to Montecito, East to property
  • Road Surface Type: Asphalt
  • Subdivision Name: PASADENA MANOR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Compactor2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Fee Information

  • Trash Expense: 1284.0
  • Annual Water Sewer Expense: 1634.0

Lot Info

  • Lot Size: 11,285 sq ft.
  • Additional Parcels: No
  • Parcel #: 170-26-034

Multi Family

  • Owner Pays: Trash Collection, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 620.0
  • Annual Gross Income: 65882.4
  • Insurance Expense: 2151.0
  • Maintenance Expense: 874.0
  • Property Net Operating Income: 53596.0
  • Annual Operating Expense: 12308.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 3754.0
  • Tax Book Number: 170.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2018
Closed on
Sep 6, 2018
Sold by
Mcpherson Thomas M
Bought by
Arin Haldun and Arin Susan F
Seller's Agent
Joseph Morgan
Joseph A Morgan
Buyer's Agent
Sanjog Gopal
eXp Realty
List Price
$875,000
Sold Price
$815,000
Premium/Discount to List
-$60,000
-6.86%
Total Days on Market
190
Current Estimated Value
$1,564,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$749,114
Avg. Annual Appreciation
10.19%

Purchase Details

Closed on
Jan 3, 2013
Sold by
Mjm Investment Group Llc
Bought by
Mcpherson Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.36%
Mortgage Type
State Veterans

Purchase Details

Closed on
May 16, 2012
Sold by
Madwad Llc
Bought by
Mjm Investment Group Llc

Purchase Details

Closed on
Feb 1, 2012
Sold by
Guina Robert Eric
Bought by
Madward Llc

Purchase Details

Closed on
Oct 29, 2004
Sold by
Kleinman Thomas P
Bought by
Guina Robert Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 29, 2000
Sold by
Kleinman Gwen
Bought by
Kleinman Thomas P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
8.16%

Purchase Details

Closed on
Jan 24, 1967
Sold by
Hurguy William and Hurguy Mary
Bought by
Brill Virgil C and Brill Virginia H
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
Arin Haldun $815,000 Security Title Agency Inc
Mcpherson Thomas M $320,000 Magnus Title Agency
Mjm Investment Group Llc $210,000 Stewart Title & Trust Of Pho
Madward Llc $180,000 Chicago Title
Guina Robert Eric $260,000 Arizona Title Agency Inc
Kleinman Thomas P $70,000 Arizona Title Agency Inc
Brill Virgil C -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcpherson Thomas $1,400,000
Previous Owner Mcpherson Thomas M $320,000
Previous Owner Mjm Investment Group Llc $175,000
Previous Owner Guina Robert Eric $343,500
Previous Owner Guina Robert Eric $192,000
Previous Owner Guina Robert Eric $208,000
Previous Owner Kleinman Thomas P $49,000
Closed Guina Robert Eric $26,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2018 09/21/18 Sold $815,000 -3.0% $191 / Sq Ft
09/17/2018 09/17/18 Price Changed $840,000 0.0% $197 / Sq Ft
08/28/2018 08/28/18 Pending -- -- --
07/27/2018 07/27/18 Price Changed $840,000 -4.0% $197 / Sq Ft
06/14/2018 06/14/18 For Sale $875,000 0.0% $205 / Sq Ft
06/14/2018 06/14/18 Price Changed $875,000 +7.4% $205 / Sq Ft
06/09/2018 06/09/18 Off Market $815,000 -- --
05/30/2018 05/30/18 Price Changed $950,000 -1.0% $223 / Sq Ft
05/15/2018 05/15/18 Price Changed $960,000 -1.0% $225 / Sq Ft
05/02/2018 05/02/18 Price Changed $970,000 -1.0% $228 / Sq Ft
04/19/2018 04/19/18 Price Changed $980,000 -1.9% $230 / Sq Ft
03/26/2018 03/26/18 Price Changed $999,000 -0.1% $234 / Sq Ft
02/19/2018 02/19/18 For Sale $1,000,000 -- $235 / 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 $4,231 $32,543 -- --
2024 $4,182 $30,994 -- --
2023 $4,182 $93,430 $18,680 $74,750
2022 $4,018 $70,870 $14,170 $56,700
2021 $4,116 $63,220 $12,640 $50,580
2020 $4,016 $55,400 $11,080 $44,320
2019 $3,987 $50,250 $10,050 $40,200
2018 $3,905 $44,120 $8,820 $35,300
2017 $3,754 $40,400 $8,080 $32,320
2016 $3,609 $33,060 $6,610 $26,450
2015 $3,358 $31,630 $6,320 $25,310
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Joseph Morgan

    Joseph A Morgan

    (623) 398-5447

    Joseph Morgan
    Section Image
  • Sanjog Gopal

    Buyer's Agent in 2018

    Sanjog Gopal

    eXp Realty

    (602) 770-6574

    3 in this area

    179 Total Sales

    Sanjog Gopal
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5729008

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-26-034

Arizona Maricopa County Phoenix 85018 Camelback East Village

3646 E Montecito Ave, Phoenix, AZ

This home is located at 3646 E Montecito Ave, Phoenix, AZ 85018 since 27 February 2018 and is currently estimated at $1,564,114, approximately $367 per square foot. This property was built in 1960. 3646 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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