NOT LISTED FOR SALE

5022 N 34th St Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $911,000 - $1,516,000

-- Bed
4 Baths
1,650 Sq Ft
$702/Sq Ft Est. Value

Last Sold January 31, 2017

Last sale price $452,400 $274 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $6,566/month

77 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of January 2017

Fourplex located north of Camelback! Extremely prime location that will pull premium rents for years to come. This incredible property consists of (3) 2 bedroom units with approximately 840 sq.ft. per unit and (1) large 1 bedroom unit with approximately 810 sq.ft. Each unit is separately metered for electricity, each has a separate storage unit, and there is a coin operated laundry room. Large 1 bedroom building in the back could easily be configured into a 2 bedroom and rent for approximately $1200/month once renovated or could be a great owner-occupied unit. All units are currently month-to-month. Location, location, location that supports higher rents and consistent desirability.

Last Agent to Sell the Property

Tucker Blalock

The Brokery License #BR642462000 Listed on: 10/24/2016

Co-Listed By

Oleg Bortman

The Brokery License #BR636864000

Last Buyer's Agent

Elias Dabdoub

FSR Realty License #SA660865000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,419

Year Built

  • Built in 1971

Lot Details

  • 0.25

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 170-13-027-B

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are To be determined

Building Details

  • Operating Expense $12,483
  • Gross Income $570
  • Net Operating Income $29,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,419

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: 34th Street and Camelback
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1971
  • Tax Year: 2016
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Co List Office Mls Id: brec01
  • Co List Office Phone: 602-418-6145
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: 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:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Fuel Expense: 480.0
  • Trash Expense: 1284.0
  • Annual Water Sewer Expense: 3000.0

Lot Info

  • Lot Size: To be determined
  • Additional Parcels: No
  • Parcel #: 170-13-027-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 600.0
  • Annual Gross Income: 570.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 29340.0
  • Annual Operating Expense: 12483.36
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3419.36
  • Tax Book Number: 170.00
  • Tax Lot: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2016
Closed on
Jan 23, 2017
Sold by
Rugged Outdoor Tranquil Holdings Llc
Bought by
Macleod Byron E
Seller's Agent
Tucker Blalock
The Brokery
Buyer's Agent
Elias Dabdoub
FSR Realty
List Price
$475,000
Sold Price
$452,400
Premium/Discount to List
-$22,600
-4.76%
Current Estimated Value
$1,187,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$734,701
Avg. Annual Appreciation
11.13%
Original Mortgage
$436,939
Outstanding Balance
$356,213
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$801,932

Purchase Details

Closed on
Oct 5, 2016
Sold by
John Hall Properties Llc
Bought by
Rugged Outdoor Tranquil Holdings Llc

Purchase Details

Closed on
Oct 4, 2016
Sold by
Benz Paul W
Bought by
Propertiesllc John Hall

Purchase Details

Closed on
Jul 22, 2005
Sold by
Biltmore Bible Christian Center
Bought by
Madia Francis R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 1999
Sold by
Biltmore Bible Church
Bought by
Biltmore Bible Christian Center

Purchase Details

Closed on
May 3, 1971
Sold by
First Title & Trust Company Of Arizona
Bought by
Marinaro Alfonso and Marinaro Mary
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
Macleod Byron E $471,000 Landmark Title Assurance Age
Rugged Outdoor Tranquil Holdings Llc $365,000 Landmark Title Assurance Age
Propertiesllc John Hall $325,000 Landmark Title Assurance Age
Madia Francis R $475,000 Camelback Title Agency Llc
Biltmore Bible Christian Center -- --
Marinaro Alfonso -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macleod Byron E $436,939
Previous Owner Madia Francis R $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2017 01/31/17 Sold $452,400 -4.8% $274 / Sq Ft
01/11/2017 01/11/17 Price Changed $475,000 0.0% $288 / Sq Ft
01/09/2017 01/09/17 Pending -- -- --
10/24/2016 10/24/16 For Sale $475,000 -- $288 / 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 $4,165 $30,833 -- --
2024 $3,962 $29,365 -- --
2023 $3,962 $75,400 $15,080 $60,320
2022 $3,807 $64,180 $12,830 $51,350
2021 $3,900 $58,700 $11,740 $46,960
2020 $3,805 $53,620 $10,720 $42,900
2019 $3,778 $40,430 $8,080 $32,350
2018 $3,700 $34,510 $6,900 $27,610
2017 $3,557 $30,980 $6,190 $24,790
2016 $3,419 $29,500 $5,900 $23,600
2015 $3,181 $29,000 $5,800 $23,200
Source: Public Records

Agents Affiliated with this Home

  • Tucker Blalock

    Seller's Agent in 2017

    Tucker Blalock

    The Brokery

    (602) 892-4444

    241 in this area

    332 Total Sales

    Tucker Blalock
    Section Image
  • Oleg Bortman

    Seller Co-Listing Agent in 2017

    Oleg Bortman

    The Brokery

    (602) 402-2296

    230 in this area

    325 Total Sales

    Oleg Bortman
    Section Image

  • E

    Buyer's Agent in 2017

    Elias Dabdoub

    FSR Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5515690

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-13-027B

Arizona Maricopa County Phoenix 85018 Camelback East Village

5022 N 34th St, 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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