NOT LISTED FOR SALE

3838 E Earll Dr Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $2,437,060 - $3,220,000

-- Bed
1 Bath
41,250 Sq Ft
$71/Sq Ft Est. Value

Last Sold November 14, 2019

Last sale price $1,520,000 $37 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $16,063/month

34 Days on Market

Highlights

  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of November 2019

Arcadia 4 is a four-unit apartment community located in the strong East Phoenix rental submarket. The community was completed October of 2019 using frame wood construction with a stucco exterior. The property will convey fully leased. The property consists of four townhome style two-bedroom / two and one half-bathroom unit types. The modern interiors are appointed with high end finishes. The kitchens feature white shaker cabinets, quartz countertops, a stainless-steel sink and stainless appliances. Each unit also enjoys a private balcony and an interior washer and dryer.

Last Agent to Sell the Property

Royce Munroe

Munroe Multifamily License #BR512795000 Listed on: 09/06/2019

Munroe Multifamily

Last Buyer's Agent

Royce Munroe

ABI Multifamily License #BR512795000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $267

Year Built

  • Built in 2019

Lot Details

  • 9,801

Home Design

  • Wood Frame Construction
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Heating and Cooling System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 109 & 110
  • Assessor Parcel Number 127-20-018-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are unknown

Building Details

  • Operating Expense $13,967
  • Gross Income $111,967
  • Net Operating Income $98,145

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$267

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Cross Street: 40th Street & Indian School Rd
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2019
  • Tax Year: 2018
  • Road Surface Type: Curb(s) & Gutter(s)
  • Professional Management Expense: 6000.0
  • Garage Yn: Yes
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Individual, Central A/C
  • Heating: Individual, Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 2200.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 127-20-018-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 200.0
  • Annual Gross Income: 111967.0
  • Insurance Expense: 1600.0
  • Property Net Operating Income: 98145.0
  • Annual Operating Expense: 13967.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 267.0
  • Tax Book Number: 127.00
  • Tax Lot: 109 & 110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2019
Closed on
Nov 14, 2019
Sold by
Cheery Lynn Development Partners Llc
Bought by
Town Centre Professional Building Inc
Seller's Agent
Royce Munroe
Munroe Multifamily
Buyer's Agent
Royce Munroe
Munroe Multifamily
List Price
$1,580,000
Sold Price
$1,520,000
Premium/Discount to List
-$60,000
-3.8%
Current Estimated Value
$2,948,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,428,353
Avg. Annual Appreciation
11.39%

Purchase Details

Closed on
Feb 23, 2017
Sold by
Phillips Samuel Konrad and Phillips Sarah Renee
Bought by
Cheery Lynn Development Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2016
Sold by
Garcia Nellouise A
Bought by
Phillips Samuel Konrad and Phillips Sarah Renee

Purchase Details

Closed on
Jan 1, 2014
Sold by
Garcia Nellouise
Bought by
Garcia Nellouise A

Purchase Details

Closed on
Aug 31, 2010
Sold by
Garcia Samuel O and Garcia Nelloise A
Bought by
The Samuel & Nellouise Garcia Revocable

Purchase Details

Closed on
Jul 25, 2003
Sold by
Garcia Samuel O and Garcia Nelloise
Bought by
Garcia Samuel A and Garcia Nelloise
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Town Centre Professional Building Inc $1,520,000 Chicago Title Agency Inc
Cheery Lynn Development Partners Llc $165,000 Chicago Title Agency Inc
Phillips Samuel Konrad -- None Available
Garcia Nellouise A -- None Available
The Samuel & Nellouise Garcia Revocable -- None Available
Garcia Samuel A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheery Lynn Development Partners Llc $99,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2019 11/14/19 Sold $1,520,000 -3.8% $37 / Sq Ft
10/10/2019 10/10/19 Pending -- -- --
09/06/2019 09/06/19 For Sale $1,580,000 -- $38 / 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 $7,937 $58,759 -- --
2024 $7,551 $55,961 -- --
2023 $7,551 $131,420 $26,280 $105,140
2022 $7,254 $97,300 $19,460 $77,840
2021 $7,431 $94,260 $18,850 $75,410
2020 $7,250 $65,770 $13,150 $52,620
2019 $273 $3,330 $3,330 $0
2018 $267 $3,160 $3,160 $0
2017 $256 $3,180 $3,180 $0
2016 $183 $2,663 $2,663 $0
2015 $166 $2,663 $2,663 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Royce Munroe

    Munroe Multifamily

    (480) 221-5449

    6 in this area

    31 Total Sales

    Royce Munroe
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5974931

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-20-018A

Arizona Maricopa County Phoenix 85018 Camelback East Village

3838 E Earll Dr, 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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