NOT LISTED FOR SALE

Estimated Value: $1,037,000 - $2,377,246

2 Beds
-- Baths
3,323 Sq Ft
$557/Sq Ft Est. Value

Sale Details

Date Sold: July 18, 2014

Last sale price $1,064,800 $320 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $10,782 / mo

14 Days on Market

Highlights

  • Private Pool
  • Shuffleboard Court
  • Partially Fenced Property
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill
  • Desert Landscape

About This Home

As of July 2014

MODE Arcadia Apartments is an 8-unit, garden-style multifamily community located in the sought after Arcadia neighborhood of Phoenix, near the Arizona Biltmore, Biltmore Fashion Park and Camelback Corridor. Built in 1964 and renovated in 2014, MODE Arcadia Apartments is comprised of 8 two-bedroom units averaging 844 square feet. The buildings are constructed of block with flat roofs. Amenities include in-suite washer & dryer, grilling station, bocci ball court, pool, desert landscaping and covered parking. The property is individually metered for electricity and master metered for water. The property owner is responsible for the cost of water, sewer, and trash pickup, and the residents are responsible for the cost of electricity in their units, including the cost of heating and A/C.

Last Agent to Sell the Property

Natan Jacobs

Vestis Group License #BR525576000 Listed on: 05/02/2014

Last Buyer's Agent

Erica Rodgers

Citiea License #SA633832000

Citiea
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,404

Year Built

  • Built in 1964

Lot Details

  • Partially Fenced Property
  • Desert Landscape

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Parking

  • 8 Parking Spaces
  • Carport
  • Parking Available
  • Free Parking
  • Additional Parking
  • On-Street Parking
  • Open Parking
  • Assigned Parking

Pool

  • Private Pool

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Not Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer, gas, trash collection, landscaping, pool maintenance
  • Tax Lot 7
  • Assessor Parcel Number 170-31-012-C

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 220 x 78
  • Pasadena Tract Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Shuffleboard Court
  • Heated Community Pool

Building Details

  • Operating Expense $30,317
  • Gross Income $107,184
  • Net Operating Income $77,267

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,404

Year Built

Built in 1964

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Camelback Road / 40th Street
  • Property Type: Multiple Dwellings
  • Zoning: R-3/R-4 Phoenix
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Subdivision Name: Pasadena Tract
  • Tax Parcel Letter: C
  • Const - Finish:Const - Finish: Painted, Stucco
  • Cooling:Cooling: Electric, Individual
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS
  • Special:Special: Owner/Agent
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Trash Compactor, Washer/Dryer

Exterior Features

  • Pool Private: Yes
  • Disclosures: None
  • Construction Type: Block, Brick, Painted, Stucco
  • Roof: Built-Up, Foam
  • Exterior Amenities: Landscape Water System, Desert Landscaping, Partially Fenced

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Open, 1 Space/Unit, Carport, On Street, Assigned
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • Parking Features:Parking Features: Free, 1 Space/Unit, Carport, On Street, Add'l Parking Avail, Assigned

Utilities

  • Electric: APS
  • Cooling: Electric, Varies by Unit
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: Pool, Shuffle Brd/Lawn Bwl, Barbecue

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 220 x 78
  • Additional Parcels: No
  • Parcel #: 170-31-012-C

Multi Family

  • Owner Pays: Water, Sewer, Gas, Trash Collection, Landscaping, Pool Maintenance
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 8
  • Annual Gross Income: 107183.75
  • Property Net Operating Income: 77267.0
  • Annual Operating Expense: 30317.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3403.5
  • Tax Book Number: 170.0
  • Tax Lot: 7

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2014
Closed on
Jun 10, 2014
Sold by
3728 East Monterosa Apartments Llc
Bought by
Seller's Agent
Natan Jacobs
Vestis Group
Buyer's Agent
Erica Rodgers
Citiea
List Price
$1,075,000
Sold Price
$1,064,800
Premium/Discount to List
-$10,200
-0.95%
Current Estimated Value
$1,851,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$786,762
Avg. Annual Appreciation
4.66%

Purchase Details

Closed on
Jul 1, 2013
Sold by
Baylin Noah and Baylin Lylia
Bought by
3728 East Monterosa Apartments Llc

Purchase Details

Closed on
Sep 18, 2003
Sold by
Baylin Bertrand and Baylin Dorothy L
Bought by
Baylin Noah and Baylin Lylia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 25, 1999
Sold by
Baylin Bertrand and Baylin Dorothy L
Bought by
Baylin Bertrand and Baylin Dorothy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,900
Interest Rate
7.62%

Purchase Details

Closed on
Sep 30, 1997
Sold by
Baylin Bertrand and Baylin Dorothy L
Bought by
Baylin Bertrand and Baylin Dorothy L
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Camelback East Village, AZ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,064,800 First American Title Ins Co
3728 East Monterosa Apartments Llc $400,000 Magnus Title Agency
Baylin Noah -- Fidelity National Title
Baylin Bertrand -- North American Title Agency
Baylin Bertrand -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $268,000
Previous Owner Baylin Bertrand $186,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/18/2014 07/18/14 Sold $1,064,800 -0.9% $320 / Sq Ft
05/16/2014 05/16/14 Pending -- -- --
05/02/2014 05/02/14 For Sale $1,075,000 -- $324 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,198 $45,884
2024 $5,896 $43,699
2023 $5,896 $134,180 $26,830 $107,350
2022 $5,665 $100,930 $20,180 $80,750
2021 $5,803 $90,180 $18,030 $72,150
2020 $5,662 $79,600 $15,920 $63,680
2019 $5,622 $72,270 $14,450 $57,820
2018 $5,506 $62,980 $12,590 $50,390
2017 $5,293 $58,410 $11,680 $46,730
2016 $5,089 $48,930 $9,780 $39,150
2015 $4,734 $46,450 $9,290 $37,160
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5109803

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-31-012C

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