NOT LISTED FOR SALE

3718 E Glenrosa Ave Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $1,191,000 - $1,560,000

-- Bed
-- Bath
3,934 Sq Ft
$350/Sq Ft Est. Value

Last Sold November 15, 2016

Last sale price $472,000 $120 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $8,516/month

7 Days on Market

Highlights

  • Heated Spa
  • Cooling Available
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of November 2016

Exceptional and rare. Use permit in place to develop. Each 4 plex has (2) 3 Bedroom 2 Bathroom and (2) 2 Bedroom 1 Bathroom units with separate storage units on site. 9 of the 12 total units have their own washer and dryer. Rents are below market. Most units have tile floors on ground floor units. Upstairs units have carpeting. The combined lot size when combining all three buildings is 37,142 sq ft Zoned R-3. Pool is shared by tenants in all three buildings. Tremendous opportunity in walking distance to the popular intersection of 40th Street and Campbell. This is PRIME real estate in an area of million dollar properties within zip code 85018. Location, location, location that supports higher rents and consistent desirability. Huge long term potential for rental or redevelopment.

Last Agent to Sell the Property

Lloyd Fox

1912 Realty Brokerage Phone: 602-418-1153 License #BR529637000 Listed on: 10/08/2016

Last Buyer's Agent

Tom Zarob

Phoenix Prestige Real Estate License #BR546214000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,189

Year Built

  • Built in 1965

Lot Details

  • 0.3

Home Design

  • Composition Roof
  • Block Exterior

Parking

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

Schools

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

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Additional Features

  • Concrete Flooring
  • Heated Spa

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for water, sewer
  • Tax Lot 16
  • Assessor Parcel Number 170-31-021-G

Community Details

Overview

  • 4 Units
  • Building Dimensions are 130 X 96
  • Pasadena Tract Subdivision

Building Details

  • Operating Expense $10,849
  • Gross Income $31,620
  • Net Operating Income $33,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,189

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: CAMELBACK AND 36TH STREET
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2015
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: PASADENA TRACT
  • Tax Parcel Letter: G
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: 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: 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Heated Spa(s), No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Heated Spa(s): Yes

Fee Information

  • Annual Fuel Expense: 360.0
  • Annual Water Sewer Expense: 3300.0

Schools

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

Lot Info

  • Lot Size: 130 X 96
  • Additional Parcels: No
  • Parcel #: 170-31-021-G

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 300.0
  • Annual Gross Income: 31620.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 33300.0
  • Annual Operating Expense: 10849.0

Tax Info

  • Tax Annual Amount: 3189.0
  • Tax Book Number: 170.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2020
Sold by
Yanko David G
Bought by
David G Yanko Lp
Current Estimated Value
$1,557,000

Purchase Details

Listed on
Oct 8, 2016
Closed on
Nov 16, 2016
Sold by
Sosarosa Llc
Bought by
Yanko David G
Seller's Agent
Lloyd Fox
1912 Realty
Buyer's Agent
Tom Zarob
Phoenix Prestige Real Estate
List Price
$475,000
Sold Price
$472,000
Premium/Discount to List
-$3,000
-0.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.44%

Purchase Details

Closed on
Oct 11, 2005
Sold by
Karel Stacy and Fox Lloyd
Bought by
Sosarosa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2005
Sold by
Horten Meinrad F
Bought by
Karel Stacy and Fox Lloyd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2002
Sold by
Wiersum Garry
Bought by
Horten Meinrad F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,030
Interest Rate
7.08%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 1997
Sold by
Karadsheh Shafik Jiries and Karadsheh Mary Ann
Bought by
Wiersum Garry

Purchase Details

Closed on
Jun 24, 1994
Sold by
Walter Randall and Walter Selina
Bought by
Karadsheh John P and Karadsheh Shafik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,400
Interest Rate
8.53%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
David G Yanko Lp -- None Available
Yanko David G $1,425,000 Wfg National Title Ins Co
Sosarosa Llc -- --
Karel Stacy $500,000 --
Horten Meinrad F $285,000 First American Title Ins Co
Wiersum Garry $215,000 Stewart Title & Trust
Karadsheh John P $173,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Karel Stacy $375,000
Previous Owner Horten Meinrad F $281,030
Previous Owner Karadsheh John P $138,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2016 11/15/16 Sold $472,000 -0.6% $120 / Sq Ft
10/15/2016 10/15/16 Pending -- -- --
10/08/2016 10/08/16 For Sale $475,000 -- $121 / 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 $4,301 $31,841 -- --
2024 $4,092 $30,325 -- --
2023 $4,092 $91,130 $18,220 $72,910
2022 $3,809 $68,780 $13,750 $55,030
2021 $3,913 $61,860 $12,370 $49,490
2020 $3,816 $54,480 $10,890 $43,590
2019 $3,791 $48,980 $9,790 $39,190
2018 $3,712 $42,580 $8,510 $34,070
2017 $3,566 $38,980 $7,790 $31,190
2016 $3,426 $32,120 $6,420 $25,700
2015 $3,189 $30,480 $6,090 $24,390
Source: Public Records

Agents Affiliated with this Home

  • Lloyd Fox

    Seller's Agent in 2016

    Lloyd Fox

    1912 Realty

    (602) 418-1153

    12 in this area

    147 Total Sales

    Lloyd Fox
    Section Image

  • T

    Buyer's Agent in 2016

    Tom Zarob

    Phoenix Prestige Real Estate

    (602) 708-1635

    1 in this area

    21 Total Sales

    Tom Zarob
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5508852

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-31-021G

Arizona Maricopa County Phoenix 85018 Camelback East Village

3718 E Glenrosa Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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