Seller's Agent in 2016
Heather Valdes
Citiea
(602) 717-9183
25 Total Sales
3710 E Mcdowell Rd Phoenix, AZ 85008
Camelback East Village Neighborhood
Studio
--
Bath
556
Sq Ft
10,062
Sq Ft Lot
Highlights
- Heated Community Pool
- Cooling Available
- Community Barbecue Grill
- Phoenix Coding Academy Rated A
- Resident Manager or Management On Site
- Ceramic Tile Flooring
About This Home
As of November 2016Papago View Apartments consists of spacious one bedroom floor plans with a portion of them having private patios that are in high demand. current ownership has made significant renovations to the property. Exterior renovations include paint and stucco, a new foam roof, complete parking lot seal & stripe, new pool(plaster, tile, motor, decking), all new landscaping with drip system, low-maintenance desert rock, shrubs, and palm trees. interior renovations include ceramic tile flooring, appliances, water heaters, toilets, tiled shower enclosures, sunscreens, and countertops. Papago View offers the opportunity to purchase a truly unique apartment community located in the high demand rental neighborhood in East Phoenix that is turn-key for a new owner. Call for a showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,300
Year Built
- Built in 1979
Lot Details
- 10,062
Home Design
- Wood Frame Construction
- Foam Roof
- Stucco
Parking
- 64 Open Parking Spaces
- 64 Parking Spaces
- Free Parking
- Paved Parking
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Additional Features
- Ceramic Tile Flooring
- Additional Parcels
Listing and Financial Details
- Tenant pays for trash collection, gas, electricity, water, sewer, cable TV
- The owner pays for landscaping, pool/spa maintenance
- Tax Lot 120-12-111
- Assessor Parcel Number 120-12-111
Community Details
Overview
- 3 Buildings
- 50 Units
- Building Dimensions are 338' x 134'
- Papago Vista Subdivision
Recreation
- Heated Community Pool
Additional Features
- Community Barbecue Grill
- Operating Expense $14,300
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 16, 2019
Sold by
Pep Arizona Llc
Bought by
Az Papago Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,763,000
Interest Rate
3.82%
Mortgage Type
Commercial
Purchase Details
Listed on
Apr 11, 2016
Closed on
Nov 17, 2016
Sold by
Kona First 1 Llc
Bought by
Pep Arizona Llc
Seller's Agent
Heather Valdes
Citiea
Buyer's Agent
Lenny Traw
Bedbrock Real Estate Company
List Price
$3,700,000
Sold Price
$3,600,000
Premium/Discount to List
-$100,000
-2.7%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,050,000
Interest Rate
3.42%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 20, 2015
Sold by
Cm Mcdowell Llc
Bought by
Kona First 1 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,280,000
Interest Rate
3.85%
Mortgage Type
Commercial
Purchase Details
Closed on
May 11, 2012
Sold by
Hondo Apartments Llc
Bought by
Cm Mcdowell Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.94%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 23, 2010
Sold by
Pte Real Estate Group Llc
Bought by
Hondo Apartments Llc
Purchase Details
Closed on
Apr 25, 2005
Sold by
Gherhees Vasile and Gherhees Anuta
Bought by
Del Sur Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,815,000
Interest Rate
5.65%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 17, 2004
Sold by
Cramer Robert W
Bought by
Gherhees Vasile and Gherhees Anuta
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.95%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 19, 1997
Sold by
Pv Investors Ltd Partnership
Bought by
Cramer Robert W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
7.54%
Mortgage Type
Commercial
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Az Papago Llc | $4,150,000 | First American Title | |
| Pep Arizona Llc | $3,650,000 | American Title Svc Agency Ll | |
| Kona First 1 Llc | $2,850,000 | American Title Svc Agency Ll | |
| Cm Mcdowell Llc | $1,350,000 | American Title Service Agenc | |
| Hondo Apartments Llc | $765,000 | Magnus Title Agency | |
| Del Sur Investments Llc | $2,550,000 | Lawyers Title Ins | |
| Gherhees Vasile | $1,920,000 | Fidelity National Title Ins | |
| Cramer Robert W | $1,075,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Az Papago Llc | $3,763,000 | |
| Previous Owner | Pep Arizona Llc | $2,050,000 | |
| Previous Owner | Kona First 1 Llc | $2,280,000 | |
| Previous Owner | Cm Mcdowell Llc | $1,000,000 | |
| Previous Owner | Del Sur Investments Llc | $1,815,000 | |
| Previous Owner | Gherhees Vasile | $1,300,000 | |
| Previous Owner | Cramer Robert W | $670,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/21/2016 11/21/16 | Sold | $3,600,000 | -2.7% | $6,475 / Sq Ft |
| 11/14/2016 11/14/16 | Price Changed | $3,700,000 | 0.0% | $6,655 / Sq Ft |
| 08/11/2016 08/11/16 | Pending | -- | -- | -- |
| 04/11/2016 04/11/16 | For Sale | $3,700,000 | -- | $6,655 / 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 | $788 | $5,832 | $5,832 | -- |
| 2024 | $749 | $5,555 | $5,555 | -- |
| 2023 | $749 | $23,480 | $23,480 | $0 |
| 2022 | $720 | $18,910 | $18,910 | $0 |
| 2021 | $738 | $16,740 | $16,740 | $0 |
| 2020 | $720 | $15,660 | $15,660 | $0 |
| 2019 | $715 | $14,260 | $14,260 | $0 |
| 2018 | $700 | $7,610 | $7,610 | $0 |
| 2017 | $673 | $6,670 | $6,670 | $0 |
| 2016 | $647 | $6,070 | $6,070 | $0 |
| 2015 | $602 | $5,010 | $5,010 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Heather Valdes
-
Lenny Traw
Seller Co-Listing Agent in 2016
Lenny Traw
Bedbrock Real Estate Company
(602) 717-9183
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5441417
APN: 120-12-111
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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