NOT LISTED FOR SALE

3749 E Montecito Ave Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $697,000 - $1,105,000

-- Bed
-- Bath
1,482 Sq Ft
$556/Sq Ft Est. Value

Last Sold September 27, 2016

Last sale price $326,800 $221 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $4,496/month

112 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of September 2016

WOW!!! Seller is motivated bring your offers now!!! Complete Arcadia remodel and 2 car garage!!! This turn key investment is perfect for owner user or someone who for a first time investment. Pride of ownership and location too! Each unit has a washer/dryer hookup, a storage room One unit has a fireplace! New wood tile floors new carpet kitchens and stainless steel appliances!!!- Easy residential financing!!! Buyer to verify financials, zoning, MLS info.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 03/27/2016

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Sarah Reiter

Argo Real Estate License #SA627709000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,607

Year Built

  • Built in 1965

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Parking

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 170-26-022-T

Community Details

Overview

  • 2 Units
  • Building Dimensions are irr

Building Details

  • Operating Expense $7,574
  • Gross Income $25,080
  • Net Operating Income $19,113

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,607

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: 38th St & Camelback
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1965
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Tax Parcel Letter: T
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

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

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Trash Expense: 500.0
  • Annual Water Sewer Expense: 1000.0

Lot Info

  • Lot Size: irr
  • Additional Parcels: Yes
  • Parcel #: 170-26-022-T

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 25080.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 19113.0
  • Annual Operating Expense: 7574.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1607.0
  • Tax Book Number: 170.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2021
Sold by
Cox Robert A
Bought by
Carefree Flats Llc
Current Estimated Value
$824,733

Purchase Details

Closed on
Jan 16, 2020
Sold by
Sachez Douglas P and Douglas P Sanchez Revocable Tr
Bought by
2 Door Llc

Purchase Details

Listed on
Mar 27, 2016
Closed on
Sep 22, 2016
Sold by
Sanchez Douglas P
Bought by
The Douglas P Sanchez Revocable Trust
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Sarah Reiter
Argo Real Estate
List Price
$350,000
Sold Price
$326,800
Premium/Discount to List
-$23,200
-6.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.53%

Purchase Details

Closed on
Jul 18, 2016
Sold by
Omni Consumer Products & Apartments Llc
Bought by
Sanchez Douglas P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 14, 2015
Closed on
Sep 28, 2015
Sold by
Somers Jeanne C
Bought by
Omni Consumer Products & Apartments Llc
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$370,000
Sold Price
$360,000
Premium/Discount to List
-$10,000
-2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.42%
Original Mortgage
$300,000
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 2014
Sold by
Somers Jeanne C
Bought by
Somers Jeanne C and Jeanne C Somers Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2003
Sold by
Somers Jeanne C
Bought by
Somers Jeanne C and The Jeanne C Somers Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
5.54%

Purchase Details

Closed on
Mar 26, 2003
Sold by
Somers Jeanne C
Bought by
Somers Jeanne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
5.54%

Purchase Details

Closed on
May 8, 2001
Sold by
Somers Jeanne
Bought by
Somers Jeanne C and Jeanne C Somers Living Trust

Purchase Details

Closed on
Oct 6, 1999
Sold by
Northern Trust Bank Of Arizona Na
Bought by
Somers Jeanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,650
Interest Rate
7.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 1994
Sold by
King Howard F and King Marian L S
Bought by
Northern Trust Bank Of Arizona and King Howard F
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
Carefree Flats Llc -- Fidelity National Title
2 Door Llc -- Accommodation
The Douglas P Sanchez Revocable Trust -- Accommodation
Sanchez Douglas P $326,800 Clear Title Agency Of Az Llc
Omni Consumer Products & Apartments Llc $360,000 First Arizona Title Agency
Somers Jeanne C -- Accommodation
Somers Jeanne C -- Pioneer Title Agency Inc
Somers Jeanne C -- First Financial Title Agency
Somers Jeanne C -- First Financial Title Agency
Somers Jeanne C -- --
Somers Jeanne $118,500 Chicago Title Insurance Co
Northern Trust Bank Of Arizona -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanchez Douglas P $202,000
Previous Owner Omni Consumer Products & Apartments Llc $300,000
Previous Owner Somers Jeanne C $95,000
Previous Owner Somers Jeanne C $108,500
Previous Owner Somers Jeanne $106,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2016 09/27/16 Sold $326,800 -6.6% $221 / Sq Ft
03/26/2016 03/26/16 For Sale $350,000 -2.8% $236 / Sq Ft
09/30/2015 09/30/15 Sold $360,000 -2.7% $243 / Sq Ft View Prior Sale
06/22/2015 06/22/15 Pending -- -- --
05/13/2015 05/13/15 For Sale $370,000 -- $250 / 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 $2,103 $15,572 -- --
2024 $2,001 $14,830 -- --
2023 $2,001 $41,580 $8,310 $33,270
2022 $1,922 $31,070 $6,210 $24,860
2021 $1,969 $28,860 $5,770 $23,090
2020 $1,921 $25,920 $5,180 $20,740
2019 $1,908 $23,510 $4,700 $18,810
2018 $1,869 $21,070 $4,210 $16,860
2017 $1,797 $18,180 $3,630 $14,550
2016 $1,727 $14,150 $2,830 $11,320
2015 $1,607 $13,580 $2,710 $10,870
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2016

    Sophia Baron

    Grace CRE

    (480) 375-0227

    78 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2016

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Baylee Estrada
    Section Image

  • S

    Buyer's Agent in 2016

    Sarah Reiter

    Argo Real Estate

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5418876

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-26-022T

Arizona Maricopa County Phoenix 85018 Camelback East Village

3749 E Montecito 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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