NOT LISTED FOR SALE

Estimated Value: $1,993,568 - $3,501,000

4 Beds
2.5 Baths
5,650 Sq Ft
$450/Sq Ft Est. Value

Last Sold August 03, 2020

Last sale price $1,340,000 $237 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $15,752/month

7 Days on Market

Highlights

  • Guest House
  • Private Pool
  • Mountain View
  • Hopi Elementary School Rated A
  • 1.65 Acre Lot
  • Vaulted Ceiling

About This Home

As of August 2020

Incredible investment opportunity for rental or development.
Development: Corner lot with access from Camelback AND Rubicon. Brand new site survey (in docs tab) shows lot size of nearly 72,000sqft for an easy 35k lot split. Owner is in process of having the adjusted lot size recorded.
Rental/Assisted: This property includes 6 units with separate keyed entry in addition to the 4/3.5 main home. 2 studios, 3 one-bedroom apartments, and 1 two-bedroom apartment.

Last Agent to Sell the Property

Jason Mitchell

Jason Mitchell Real Estate License #SA575892000 Listed on: 06/18/2020

Jason Mitchell Real Estate

Co-Listed By

Will Behrens

The Ave Collective License #SA662890000

Last Buyer's Agent

William Behrens

Jason Mitchell Real Estate License #SA662890000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,222

Year Built

  • Built in 1940

Lot Details

  • 1.65 Acre Lot
  • Block Wall Fence
  • Corner Lot
  • Private Yard
  • Grass Covered Lot

Parking

  • 2 Car Garage
  • 3 Carport Spaces

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Tile Roof

Interior Spaces

  • 5,650 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • 3 Fireplaces
  • Mountain Views

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2.5 Bathrooms

Outdoor Features

  • Private Pool
  • Patio

Additional Homes

  • Guest House

Schools

  • Hopi Elementary School
  • Ingleside Middle School
  • Arcadia High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Arcadia Replat Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / I
  • Assessor Parcel Number 172-21-001-A

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,222

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Cross Street: Camelback Road & Rubicon Avenue
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Total Covered Spaces: 5.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1940
  • Tax Year: 2019
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.65
  • Co List Office Mls Id: jmre001
  • Co List Office Phone: 480-522-1030
  • Subdivision Name: ARCADIA REPLAT
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • Tax Parcel Letter: A
  • General Property Description:PriceSqFt: 237.17
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Stone, Tile, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Total Bedrooms: 4
  • Fireplaces: 3
  • Fireplace: Yes
  • Interior Amenities: Upstairs, Vaulted Ceiling(s), Full Bth Master Bdrm
  • Living Area: 5650.0
  • Stories: 2
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Other Rooms:Arizona RoomLanai: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Yard
  • Lot Features: Corner Lot, Grass Front, Grass Back
  • Pool Private: Yes
  • View: Mountain(s)
  • Disclosures: None
  • Construction Type: Brick Veneer, Wood Frame, Brick
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Separate Guest House: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Carport Spaces: 3.0
  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Hopi Elementary School
  • High School: Arcadia High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Ingleside Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 71980.0
  • Parcel #: 172-21-001-A

Building Info

  • Builder Name: UNKOWN

Tax Info

  • Tax Annual Amount: 5222.0
  • Tax Block: I
  • Tax Book Number: 172.00
  • Tax Lot: 1
  • Tax Map Number: 21.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Aug 3, 2020
Sold by
Capitala Fund Reit Llc
Bought by
Vista General Llc
Seller's Agent
Jason Mitchell
Jason Mitchell Real Estate
Buyer's Agent
Will Behrens
The Ave Collective
List Price
$1,500,000
Sold Price
$1,340,000
Premium/Discount to List
-$160,000
-10.67%
Current Estimated Value
$2,543,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,203,523
Avg. Annual Appreciation
12.43%

Purchase Details

Listed on
Jun 18, 2020
Closed on
Jul 29, 2020
Sold by
Capital Fund Ii Llc
Bought by
Capital Fund Reit Llc
Seller's Agent
Jason Mitchell
Jason Mitchell Real Estate
Buyer's Agent
Will Behrens
The Ave Collective
List Price
$1,500,000
Sold Price
$1,340,000
Premium/Discount to List
-$160,000
-10.67%

Purchase Details

Closed on
Apr 2, 2020
Sold by
North American Savvas Group Llc
Bought by
Capital Fund Ih Llc

Purchase Details

Closed on
Mar 20, 2020
Sold by
North American Savvas Group Llc
Bought by
Capital Fund Ih Llc

Purchase Details

Closed on
Jun 1, 2011
Sold by
Midfirst Bank
Bought by
North American Savvas Group Llc

Purchase Details

Closed on
May 6, 2010
Sold by
Wright Timothy Ray
Bought by
Midfirst Bank

Purchase Details

Closed on
Jun 14, 2007
Sold by
Cohen River
Bought by
Wright Timothy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 2006
Sold by
Fidelity National Title Insurance Co
Bought by
Wright Timothy R

Purchase Details

Closed on
Oct 6, 2004
Sold by
Fidelity National Title Insurance Co
Bought by
Cohen River

Purchase Details

Closed on
May 25, 2004
Sold by
Wright Timothy R
Bought by
Fidelity National Title Insurance Co and Trust #Tr031001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$736,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 1999
Sold by
Mcbreen Robert E and Mcbreen Family Decedents Trust
Bought by
Rosie Palms Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.01%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 1, 1999
Sold by
Mcbreen Properties Llc
Bought by
Mcbreen Family Decedents Trust

Purchase Details

Closed on
Apr 12, 1996
Sold by
Mcbreen Robert E and Mcbreen Family Decedents Trust
Bought by
Mcbreen Properties Llc

Purchase Details

Closed on
Apr 11, 1996
Sold by
Mcbreen Robert E
Bought by
Mcbreen Robert E and Mcbreen Family Decedents Trust

Purchase Details

Closed on
Sep 1, 1995
Sold by
Mcbreen Robert E and Mcbreen Louise P
Bought by
Mcbreen Robert E
Source: Public Records
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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
Vista General Llc $1,340,000 Realworks Title Agency Corp
Capital Fund Reit Llc -- Realworks Ttl Agcy Corporati
Capital Fund Ih Llc $1,150,000 None Available
Capital Fund Ih Llc $1,150,000 None Available
North American Savvas Group Llc $750,000 First American Title
Midfirst Bank $1,000,000 None Available
Wright Timothy R $810,000 Security Title Agency Inc
Wright Timothy R -- Fidelity Title
Cohen River -- Fidelity National Title
Fidelity National Title Insurance Co -- Fidelity National Title
Wright Timothy R $920,000 Fidelity National Title
Rosie Palms Llc $635,000 Security Title Agency
Mcbreen Family Decedents Trust $290,000 --
Mcbreen Properties Llc $290,000 --
Mcbreen Robert E -- --
Mcbreen Robert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wright Timothy R $1,400,000
Previous Owner Wright Timothy R $736,000
Previous Owner Rosie Palms Llc $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2023 05/20/23 Off Market $1,340,000 -- --
08/03/2020 08/03/20 Sold $1,340,000 -10.7% $237 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $1,500,000 -- $265 / 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
2023 $10,986 $309,000 $309,000 --
2022 $10,986 $233,580 $233,580 $0
2021 $5,500 $197,680 $162,050 $35,630
2020 $5,417 $194,290 $159,010 $35,280
2019 $5,222 $196,770 $163,150 $33,620
2018 $5,034 $111,620 $77,570 $34,050
2017 $4,814 $94,110 $61,720 $32,390
2016 $4,687 $85,490 $52,600 $32,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6092575

Arizona Regional Multiple Listing Service (ARMLS)

APN: 172-21-001A