NOT LISTED FOR SALE

Estimated Value: $1,429,000 - $1,779,000

6 Beds
-- Bath
3,446 Sq Ft
$464/Sq Ft Est. Value

Last Sold August 26, 2021

Last sale price $1,295,000 $376 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $9,241/month

2 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill
  • Heating Available

About This Home

As of August 2021

walkways to each unit & beautifully manicured landscaping. All four units have a great view of this courtyard from their living room and the orientation of this property allows for a light / bright feel in each home.

All units have been renovated w/ updated kitchen cabinets, counters (quartz or laminate), stainless steel appliances, laminate wood floors or tile, upgraded tile surrounds in bathrooms, vanities, lighting & more. Each floor-plan has a spacious living room, full size kitchen w/ eat-in dining or breakfast nook, large bedroom(s) & extended length bathrooms. Ample storage within each unit along with each tenant having their own storage unit at the carport. All units have a covered patio area out to the center courtyard; the two north facing units have their own larger private courtyards; & the two units to the west have a larger shared courtyard with a BBQ grill area, artificial grass & seating - all ideal for outdoor entertaining.

The property includes a mix of (2)- 2 bedroom/ 1 bathroom & (2)- 1 bedroom/ 1 bathroom units. There are (2)- 1 bedroom units with long term tenants paying market rents, (1) 2-bedroom unit available at the end of June, 2021 & (1) 2-bedroom unit to be used as a short-term vacation rental or for another long term tenant (currently staged w/ furniture for showings). There are other short term rentals in the area that have consistent occupancy and a proven model for success.

The (2)-two bedroom units each come with their own inside laundry; (1)-one bedroom unit with it's own inside laundry; & (1)-one bedroom unit that has it's own laundry room next to the carport. There are (4)- covered parking spots and (4)-storage units under the carport and additional guest parking at the cul-de-sac.

The foam roof has a new elastomeric topcoat with a 10-year warranty. Unit #2 has a new Trane HVAC system with transferable warranty. All windows and doors have been replaced making for more energy efficient units. The property is within short proximity of the Biltmore Fashion Park, Scottsdale Fashion Square, Old Town restaurants / shops, Sky Harbor Airport & freeways. This is a rare opportunity to buy a unique property in a vibrant and highly desired part of Phoenix.

Last Agent to Sell the Property

Torrey McHale

HomeSmart License #SA584584000 Listed on: 06/15/2021

HomeSmart

Last Buyer's Agent

Ryan Bawek

eXp Realty License #SA681706000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,447

Year Built

  • Built in 1961

Lot Details

  • 0.27

Home Design

  • Foam Roof
  • Stone Exterior Construction

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • On-Street Parking

Schools

  • Creighton Elementary School
  • Loma Linda Elementary Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for electricity, trash collection, water, sewer, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 170-26-043

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11,919 sf. County Assessor
  • Camelita Villa Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $14,765
  • Gross Income $80,652
  • Net Operating Income $65,887

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,447

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Camelback & 36th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2020
  • Directions: SOUTH TO TURNEY, EAST TO 36TH PLACE SOUTH TO PROPERTY.
  • Road Surface Type: Gravel, Asphalt
  • Subdivision Name: CAMELITA VILLA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stone, Slump Block
  • Roof: Foam
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Other (See Remarks), Paved Parking, 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Other (See Remarks)24: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Community Amenities:Barbecue: Yes
  • Interior Amenities:Drapes2: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 4242.35

Schools

  • Elementary School: Creighton Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Loma Linda Elementary School

Lot Info

  • Lot Size: 11,919 sf. County Assessor
  • Additional Parcels: No
  • Parcel #: 170-26-043

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 708.58
  • Annual Gross Income: 80652.0
  • Insurance Expense: 1892.0
  • Maintenance Expense: 701.35
  • Property Net Operating Income: 65886.72
  • Annual Operating Expense: 14765.28

Tax Info

  • Tax Annual Amount: 3447.0
  • Tax Book Number: 170.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Sep 14, 2021
Sold by
Castle Thomas J and Castle Erin M
Bought by
Castle Property Llc
Seller's Agent
Torrey McHale
HomeSmart
Buyer's Agent
Ryan Bawek
eXp Realty
List Price
$1,260,000
Sold Price
$1,295,000
Premium/Discount to List
$35,000
2.78%
Total Days on Market
2
Current Estimated Value
$1,598,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,325
Avg. Annual Appreciation
5.71%
Original Mortgage
$971,250
Outstanding Balance
$889,524
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$708,801

Purchase Details

Listed on
Jun 15, 2021
Closed on
Aug 20, 2021
Sold by
Edwards Allison J
Bought by
Castle Thomas J and Castle Erin M
Seller's Agent
Torrey McHale
HomeSmart
Buyer's Agent
Ryan Bawek
eXp Realty
List Price
$1,260,000
Sold Price
$1,295,000
Premium/Discount to List
$35,000
2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$971,250
Outstanding Balance
$889,524
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$708,801

Purchase Details

Closed on
Jun 2, 2011
Sold by
Trerice Kimberly P
Bought by
Edwards Allison J

Purchase Details

Closed on
Dec 29, 2009
Sold by
Porter Kimberly M and Trerice Kimberly Porter
Bought by
Kimberly Porter Trerice Trust

Purchase Details

Closed on
Feb 14, 1996
Sold by
Miller Loren E and Miller Phyllis A
Bought by
Porter Kimberly M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Castle Property Llc -- Accommodation
Castle Thomas J $1,295,000 American Title Svc Agcy Llc
Edwards Allison J $215,000 American Title Service Agenc
Kimberly Porter Trerice Trust -- None Available
Porter Kimberly M $145,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castle Thomas J $971,250
Previous Owner Porter Kimberly M $116,000
Previous Owner Miller Loren E $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2021 08/26/21 Sold $1,295,000 +2.8% $376 / Sq Ft
08/06/2021 08/06/21 For Sale $1,260,000 0.0% $366 / Sq Ft
08/06/2021 08/06/21 Price Changed $1,260,000 0.0% $366 / Sq Ft
07/11/2021 07/11/21 For Sale $1,260,000 0.0% $366 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $1,260,000 -- $366 / 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 $3,632 $27,936 -- --
2024 $3,590 $26,605 -- --
2023 $3,590 $81,250 $16,250 $65,000
2022 $3,449 $61,810 $12,360 $49,450
2021 $3,533 $55,570 $11,110 $44,460
2020 $3,447 $48,650 $9,730 $38,920
2019 $3,423 $43,650 $8,730 $34,920
2018 $3,352 $38,380 $7,670 $30,710
2017 $3,223 $33,630 $6,720 $26,910
2016 $3,098 $27,560 $5,510 $22,050
2015 $2,882 $26,120 $5,220 $20,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6250956

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-26-043