NOT LISTED FOR SALE

4332 N 21st St Phoenix, AZ 85016

Camelback East Village Neighborhood

Estimated Value: $442,000 - $2,051,000

14 Beds
-- Bath
5,650 Sq Ft
$237/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $1,250,000 $221 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $8,902/month

78 Days on Market

Highlights

  • Community Barbecue Grill
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Central Air

About This Home

As of January 2020

Turn-key affordability in Arcadia Lite! The Avatar offers a 8 unit building with pergola and courtyard entry. There is a total of 8 units at almost a 6% cap rate! (2) 3 bedroom units, (4) 2 bedroom units and (2) 1 bedroom units.All units are 100% occupied and leased out at healthy rents with one-year leases. A new owner can simply step into a great location with stable cash flow and nothing to repair or renovate. This central Phoenix location is HOT, with renovation and redevelopment all around! People want to live near the shopping and entertainment Arcadia Lite affords. This unit is also permitted for assisted living if you choose to utilize in the future. The owner pays water/sewer/trash/landscaping; tenant pays electric and cable. There is covered parking in the rear of the building and plenty of street parking for any over night guests. Schedule a showing today! This investment opportunity simply won't last!

Last Agent to Sell the Property

Jera Banks

Keller Williams Realty Phoenix License #SA664442000 Listed on: 09/25/2019

Keller Williams Realty Phoenix

Co-Listed By

Adam Bailey

HomeSmart License #SA676395000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,571

Year Built

  • Built in 1963

Lot Details

  • 0.54

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 10 Parking Spaces
  • 7 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking
  • Assigned Parking

Schools

  • Madison Park Elementary School
  • Camelback High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 1 / 3
  • Assessor Parcel Number 163-31-036-F

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • Building Dimensions are as recorded by title
  • Homeside Acres Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $22,586
  • Gross Income $86,000
  • Net Operating Income $68,985

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,571

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 21st Street and Campbell Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi family
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2019
  • Directions: South on 21st Street to property on right!
  • Road Surface Type: Asphalt
  • Professional Management Expense: 5400.0
  • Co List Office Mls Id: cril12
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: HOMESIDE ACRES
  • Tax Parcel Letter: F
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 7.0
  • Parking Features: Paved Parking, Free, Assigned, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 7.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Central A/C
  • Heating: Heat Pump, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Security 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
  • Interior Amenities:Breakfast Bar2: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Trash Expense: 1365.0
  • Annual Water Sewer Expense: 2268.0

Schools

  • Elementary School: Madison Park School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: as recorded by title
  • Additional Parcels: No
  • Parcel #: 163-31-036-F

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 2421.0
  • Annual Gross Income: 86000.0
  • Insurance Expense: 5232.0
  • Maintenance Expense: 329.0
  • Property Net Operating Income: 68985.0
  • Annual Operating Expense: 22586.0

Tax Info

  • Tax Annual Amount: 5571.0
  • Tax Block: 3
  • Tax Book Number: 163.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2019
Closed on
Jan 24, 2020
Sold by
Fautian Llc
Bought by
Srs Real Estate Holdings Llc
Seller's Agent
Jera Banks
Keller Williams Realty Phoenix
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,250,000
Sold Price
$1,250,000
Current Estimated Value
$1,533,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,509
Avg. Annual Appreciation
1.23%
Original Mortgage
$812,500
Interest Rate
3.74%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 26, 2011
Sold by
Sandoval Ascencion Fausto
Bought by
Faustian Llc

Purchase Details

Closed on
Jul 10, 2004
Sold by
Culpepper Margie E
Bought by
Sandoval Ascencion Fausto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 15, 1997
Sold by
Culpepper Margie E
Bought by
Air Geooo Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
7.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 14, 1994
Sold by
Weisman Richard J and Weisman Edward A
Bought by
Culpepper Margie E and Margie E Culpepper Trust

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
9.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 13, 1994
Sold by
Comer Vernon J
Bought by
Weisman Richard
Source: Public Records

Range of Values:

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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
Srs Real Estate Holdings Llc $1,250,000 American Title Svc Agcy Llc
Faustian Llc -- None Available
Sandoval Ascencion Fausto $550,000 Security Title Agency
Air Geooo Inc $540,000 Chicago Title Insurance Co
Culpepper Margie E $154,000 Chicago Title Insurance Co
Weisman Richard -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Srs Real Estate Holdings Llc $1,200,000
Previous Owner Srs Real Estate Holdings Llc $812,500
Previous Owner Sandoval Ascencion Fausto $400,000
Previous Owner Air Geooo Inc $415,000
Previous Owner Culpepper Margie E $80,000
Closed Culpepper Margie E $9,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2020 01/31/20 Sold $1,250,000 0.0% $221 / Sq Ft
12/12/2019 12/12/19 Pending -- -- --
11/25/2019 11/25/19 For Sale $1,250,000 0.0% $221 / Sq Ft
10/11/2019 10/11/19 Off Market $1,250,000 -- --
09/27/2019 09/27/19 Pending -- -- --
09/25/2019 09/25/19 For Sale $1,250,000 -- $221 / 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 $6,075 $48,916 -- --
2024 $5,913 $46,587 -- --
2023 $5,913 $85,840 $51,260 $34,580
2022 $5,736 $73,790 $41,400 $32,390
2021 $5,786 $72,830 $41,400 $31,430
2020 $5,696 $65,490 $34,420 $31,070
2019 $5,571 $62,880 $32,780 $30,100
2018 $5,434 $61,390 $30,730 $30,660
2017 $5,178 $40,450 $17,460 $22,990
2016 $4,999 $36,290 $14,190 $22,100
2015 $4,643 $30,030 $11,620 $18,410
Source: Public Records

Agents Affiliated with this Home

  • Jera Banks

    Seller's Agent in 2020

    Jera Banks

    Keller Williams Realty Phoenix

    (602) 350-8309

    14 in this area

    232 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2020

    Adam Bailey

    HomeSmart

  • N

    Buyer's Agent in 2020

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5982875

Arizona Regional Multiple Listing Service (ARMLS)

APN: 163-31-036F

Arizona Maricopa County Phoenix 85016 Camelback East Village

4332 N 21st St, Phoenix, AZ

This home is located at 4332 N 21st St, Phoenix, AZ 85016 since 25 September 2019 and is currently estimated at $1,337,306, approximately $236 per square foot. This property was built in 1963. 4332 N 21st St is a home located in Maricopa County with nearby schools including Madison Camelview Elementary, 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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