NOT LISTED FOR SALE

4016 E Portland St Phoenix, AZ 85008

Camelback East Village Neighborhood

Estimated Value: $516,098 - $1,140,000

1 Bed
-- Bath
3,144 Sq Ft
$269/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $255,000 $81 Per Sq Ft

Est. 231% increase in value since last sale

Current estimated payment $4,558/month

Highlights

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

About This Home

As of July 2017

This offering was sold PRE-MLS because of the fast market conditions.

Added for comparable purposes only.

Subject was fully rented but rents were $100's under market. (all multi-year tenants)
While it was re-habbed all work was 5+ years ago.

While ALL info is believed correct the buyer to verify all terms and conditions and matters of interest prior to close of escrow.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 07/31/2017

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 07/31/2017

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $743

Year Built

  • Built in 1961

Lot Details

  • 7,710

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 54
  • Assessor Parcel Number 125-20-056

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7708
  • Whispering Sands Subdivision

Building Details

  • Operating Expense $8,586
  • Gross Income $28,044
  • Net Operating Income $19,188

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$743

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Portland and 40th Street
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1961
  • Tax Year: 2016
  • Directions: Take 40th St exit from 202 and head North to Portland. Head east on Portland Street. Property is on the left.
  • Road Surface Type: Asphalt
  • Subdivision Name: WHISPERING SANDS
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete, Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Other (See Remarks)
  • Construction Type: Painted, Stucco, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Lot Info

  • Lot Size: 7708
  • Additional Parcels: No
  • Parcel #: 125-20-056

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 28044.0
  • Insurance Expense: 1243.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 19188.0
  • Annual Operating Expense: 8586.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 743.0
  • Tax Book Number: 125.00
  • Tax Lot: 54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2017
Closed on
Sep 5, 2017
Sold by
Muscatel Eric
Bought by
Eric Muscatel Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$249,000
Sold Price
$255,000
Premium/Discount to List
$6,000
2.41%
Current Estimated Value
$844,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$589,775
Avg. Annual Appreciation
15.77%

Purchase Details

Listed on
Jul 31, 2017
Closed on
Jul 14, 2017
Sold by
Kaipainen Lloyd
Bought by
Eric Muscatel Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$249,000
Sold Price
$255,000
Premium/Discount to List
$6,000
2.41%

Purchase Details

Closed on
Aug 30, 2012
Sold by
Kaipainen Lois
Bought by
Kaipainen Lloyd

Purchase Details

Closed on
Mar 26, 2009
Sold by
Aurora Loan Services Llc
Bought by
Kaipainen Lloyd and Kaipainen Lois

Purchase Details

Closed on
Feb 27, 2009
Sold by
Mesa Pedro
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Dec 29, 2004
Sold by
Mesa Celena
Bought by
Mesa Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,600
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2004
Sold by
Velazquez Jose J
Bought by
Mesa Pedro M and Mesa Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,600
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 29, 2003
Sold by
Velazquez Jose J
Bought by
Velazquez Jose J and Velazquez Esperanza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 1995
Sold by
Rotsheck Lee
Bought by
Velazquez Jose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,405
Interest Rate
9.09%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 12, 1995
Sold by
Velazquez Esperanza H
Bought by
Velazquez Jose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,405
Interest Rate
9.09%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Eric Muscatel Llc -- None Available
Eric Muscatel Llc $255,000 Chicago Title Agency Inc
Kaipainen Lloyd -- Accommodation
Kaipainen Lloyd $53,751 Guaranty Title Agency
Aurora Loan Services Llc $81,400 None Available
Mesa Martin -- Chicago Title Insurance Co
Mesa Pedro M $237,000 Chicago Title Insurance Co
Velazquez Jose J -- Fidelity Title
Velazquez Jose J $43,000 Fidelity Title
Velazquez Jose J -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mesa Pedro M $189,600
Previous Owner Velazquez Jose J $80,000
Previous Owner Velazquez Jose J $43,405
Closed Mesa Pedro M $47,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2017 07/31/17 Sold $255,000 +2.4% $81 / Sq Ft
07/28/2017 07/28/17 For Sale $249,000 -- $79 / 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 $945 $7,868 -- --
2024 $936 $7,493 -- --
2023 $936 $49,600 $9,920 $39,680
2022 $902 $32,360 $6,470 $25,890
2021 $917 $25,570 $5,110 $20,460
2020 $900 $21,080 $4,210 $16,870
2019 $897 $17,150 $3,430 $13,720
2018 $845 $15,220 $3,040 $12,180
2017 $809 $14,380 $2,870 $11,510
2016 $792 $8,360 $1,670 $6,690
2015 $743 $7,300 $1,460 $5,840
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5639968

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-20-056

Arizona Maricopa County Phoenix 85008 Camelback East Village

4016 E Portland St, Phoenix, AZ

This home is located at 4016 E Portland St, Phoenix, AZ 85008 since 31 July 2017 and is currently estimated at $844,775, approximately $268 per square foot. This property was built in 1961. 4016 E Portland St is a home located in Maricopa County with nearby schools including Tillman Middle School, Camelback High School, and Phoenix Coding Academy.

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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