NOT LISTED FOR SALE

5709 N 8th Place Phoenix, AZ 85014

Camelback East Village Neighborhood

Estimated Value: $592,000 - $1,187,000

8 Beds
4 Baths
832 Sq Ft
$1,139/Sq Ft Est. Value

Last Sold September 16, 2019

Last sale price $695,000 $835 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,497/month

7 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of September 2019

EXCELLENT INVESTMENT OPPORTUNITY!! HIGHLY DESIRABLE CENTRAL PHOENIX CORRIDOR FOUR PLEX CONSISTING OF ALL 2 BEDROOM FLOOR PLANS WHICH ARE VERY SPACIOUS AND WELL DESIGNED. EACH UNIT HAS A PRIVATE BACKYARD. THE REMODEL UNITS CONSIST OF ALL NEW ROOFS, PREMIUM KITCHEN AND BATH VANITY CABINETS, STAINLESS STEEL APPLIANCES, GRANITE COUNTER TOPS, TUB/ENCLOSURES. ENERGY EFFICIENT DUAL PANE WINDOWS. NEUTRAL HARD WOOD FLOORING.CEILING FANS, OVERHEAD CANNED LIGHTING AND NEW DESERT ROCK LANDSCAPING. TURN KEY INVESTMENT.

Last Agent to Sell the Property

Tim Hadrich

Regent Goldstar Real Estate License #BR629052000 Listed on: 08/10/2019

Last Buyer's Agent

Lisa L. Payne

Realty ONE Group License #SA047471000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,757

Year Built

  • Built in 1966

Lot Details

  • 10,149

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stone Exterior Construction

Flooring

  • Wood Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 4 / 1
  • Assessor Parcel Number 162-06-027

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are IRR
  • Montgomery Acres Subdivision

Building Details

  • Operating Expense $2,757

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,757

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Cross Street: 7TH STREET AND MISSOURI
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Year Built: 1966
  • Tax Year: 2018
  • Directions: NORTH ON 7TH STREET TO MONTEBELLO, EAST TO 8TH PLACE.
  • Road Surface Type: Asphalt
  • Subdivision Name: MONTGOMERY ACRES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stone, Block, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes
  • 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: Central A/C
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 162-06-027

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Operating Expense: 2757.0

Tax Info

  • Tax Annual Amount: 2757.0
  • Tax Block: 1
  • Tax Book Number: 162.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2020
Sold by
Pitts Ronald D
Bought by
Fbt Properties Llc
Current Estimated Value
$948,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Outstanding Balance
$387,354
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$597,434

Purchase Details

Closed on
Dec 3, 2019
Sold by
Rerry Babette L and Pitts Ronald D
Bought by
Pitts Ronald D

Purchase Details

Listed on
Aug 10, 2019
Closed on
Sep 17, 2019
Sold by
Pitts Ronald D
Bought by
Fbt Properties Llc
Seller's Agent
Tim Hadrich
Regent Goldstar Real Estate
Buyer's Agent
Lisa L. Payne
Realty ONE Group
List Price
$695,000
Sold Price
$695,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.08%
Original Mortgage
$417,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2019
Closed on
Sep 6, 2019
Sold by
King 23 Llc
Bought by
Pitts Ronald D
Seller's Agent
Tim Hadrich
Regent Goldstar Real Estate
Buyer's Agent
Lisa L. Payne
Realty ONE Group
List Price
$695,000
Sold Price
$695,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 25, 2019
Closed on
Mar 14, 2019
Sold by
Keyglee Holdings Inc
Bought by
King 23 Llc
Seller's Agent
Bobby Lieb
HomeSmart
Buyer's Agent
Bobby Lieb
HomeSmart
List Price
$345,000
Sold Price
$344,000
Premium/Discount to List
-$1,000
-0.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
297.08%
Original Mortgage
$327,000
Interest Rate
4.4%
Mortgage Type
Stand Alone First
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
Fbt Properties Llc -- Accommodation
Pitts Ronald D -- Accommodation
Fbt Properties Llc -- Accommodation
Pitts Ronald D -- Great American Title Agency
Pitts Ronald D $695,000 Great American Ttl Agcy Inc
King 23 Llc $385,000 Equitable Title Agency Llc
Keyglee Holdings Inc $344,000 Equitable Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fbt Properties Llc $432,000
Previous Owner Pitts Ronald D $417,000
Previous Owner King 23 Llc $327,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2019 09/16/19 Sold $695,000 0.0% $835 / Sq Ft
08/16/2019 08/16/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $695,000 +102.0% $835 / Sq Ft
03/15/2019 03/15/19 Sold $344,000 -0.3% $413 / Sq Ft
02/18/2019 02/18/19 Pending -- -- --
02/18/2019 02/18/19 For Sale $345,000 0.0% $415 / Sq Ft
02/18/2019 02/18/19 Price Changed $345,000 0.0% $415 / Sq Ft
01/25/2019 01/25/19 Pending -- -- --
01/25/2019 01/25/19 For Sale $345,000 -- $415 / 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 $3,083 $24,821 -- --
2024 $3,000 $23,639 -- --
2023 $3,000 $73,600 $14,720 $58,880
2022 $2,911 $59,160 $11,830 $47,330
2021 $2,936 $50,310 $10,060 $40,250
2020 $2,890 $41,930 $8,380 $33,550
2019 $2,827 $35,030 $7,000 $28,030
2018 $2,757 $31,380 $6,270 $25,110
2017 $2,627 $27,300 $5,460 $21,840
2016 $2,537 $22,700 $4,540 $18,160
2015 $2,356 $22,120 $4,420 $17,700
Source: Public Records

Agents Affiliated with this Home

  • Tim Hadrich

    Seller's Agent in 2019

    Tim Hadrich

    Regent Goldstar Real Estate

    (480) 255-0898

    33 Total Sales

    Section Image

  • B

    Seller's Agent in 2019

    Bobby Lieb

    HomeSmart

    Section Image
  • Lisa L. Payne

    Buyer's Agent in 2019

    Lisa L. Payne

    Realty One Group

    (602) 369-7253

    13 in this area

    71 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5963566

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-06-027

Arizona Maricopa County Phoenix 85014 Camelback East Village

5709 N 8th Place, Phoenix, AZ

This home is located at 5709 N 8th Place, Phoenix, AZ 85014 since 10 August 2019 and is currently estimated at $947,571, approximately $1,138 per square foot. This property was built in 1966. 5709 N 8th Place is a home located in Maricopa County with nearby schools including Madison Rose Lane Elementary School, Madison No. 1 Middle 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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