NOT LISTED FOR SALE

6515 N 7th St Phoenix, AZ 85014

Camelback East Village Neighborhood

Estimated Value: $1,149,469

-- Bed
-- Bath
3,600 Sq Ft
$319/Sq Ft Est. Value

Last Sold June 16, 2022

Last sale price $1,175,000 $326 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $6,616/month

36 Days on Market

Highlights

  • 0.31 Acre Lot
  • Madison Richard Simis School Rated A-
  • Concrete Flooring

About This Home

As of June 2022

C2 ZONING 132FEET OF FRONTAGE ON 7TH STREET

Last Agent to Sell the Property

Bill Rimsza

Rimsza Realty License #BR023443000 Listed on: 02/21/2022

Last Buyer's Agent

Azad Zolnoorian

Realty ONE Group License #SA524955000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,502

Year Built

  • Built in 1956

Lot Details

  • 0.31 Acre Lot
  • Property is zoned C2

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 3,600 Sq Ft Home
  • Concrete Flooring

Parking

  • 19 Open Parking Spaces
  • 19 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 161-05-034

Community Details

Overview

  • 2 Buildings

Building Details

  • Operating Expense $8,702
  • Gross Income $70,680
  • Net Operating Income $60,000

Property Details

Property Type

Other

Est. Annual Taxes

$7,502

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: 7TH STRRET/ MARYLAND
  • Property Type: Comm/Industry Sale
  • Zoning: C2
  • Current Use: Mixed Use
  • Number Of Buildings: 2
  • Year Built: 1956
  • Tax Year: 2021
  • Lot Size Acres: 0.31
  • Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 19.0
  • Total Parking Spaces: 19.0
  • General Property Description:Uncvrd Parking Spcs: 19.0
  • General Property Description:Total Parking Spcs: 19.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Office A/C, Wall/Window Unit(s)
  • Heating: Heat Pump, Natural Gas
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes

Fee Information

  • Trash Expense: 800.0
  • Annual Water Sewer Expense: 400.0

Lot Info

  • Lot Size Sq Ft: 13456.0
  • Additional Parcels: No
  • Parcel #: 161-05-034
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 70680.0
  • Property Net Operating Income: 60000.0
  • Annual Operating Expense: 8702.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 7502.0
  • Tax Book Number: 161.00
  • Tax Lot: 23
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2022
Closed on
Jun 9, 2022
Sold by
Rimsza Commercial Llc
Bought by
Cb Real Estae Holding Llc
Seller's Agent
Bill Rimsza
Rimsza Realty
Buyer's Agent
Azad Zolnoorian
Realty ONE Group
List Price
$1,200,000
Sold Price
$1,175,000
Premium/Discount to List
-$25,000
-2.08%
Current Estimated Value
$1,149,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,531
Avg. Annual Appreciation
-0.62%
Original Mortgage
$935,000
Outstanding Balance
$884,407
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$265,062

Purchase Details

Closed on
Oct 30, 2020
Sold by
Rimsza Bill
Bought by
Rimsza Commercial Llc

Purchase Details

Closed on
Sep 24, 2019
Sold by
Rimsza Crystal
Bought by
Rimsza Bill
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cb Real Estae Holding Llc $1,175,000 Thomas Title & Escrow Llc
Rimsza Commercial Llc -- None Listed On Document
Rimsza Bill -- Accommodation
Rimsza Bill -- Stewart Ttl & Tr Of Phoenix
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cb Real Estae Holding Llc $935,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2022 06/16/22 Sold $1,175,000 -2.1% $326 / Sq Ft
02/21/2022 02/21/22 For Sale $1,200,000 +102027.7% $333 / Sq Ft
01/01/2019 01/01/19 Sold $1,175 +2.2% $1 / Sq Ft View Prior Sale
10/30/2018 10/30/18 Price Changed $1,150 -4.2% $1 / Sq Ft
10/26/2018 10/26/18 Price Changed $1,200 -7.7% $1 / Sq Ft
10/03/2018 10/03/18 Price Changed $1,300 -7.1% $1 / Sq Ft
09/17/2018 09/17/18 Price Changed $1,400 -6.7% $2 / Sq Ft
08/20/2018 08/20/18 For Sale $1,500 -- $2 / 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 $7,344 $56,373 -- --
2024 $7,240 $55,366 -- --
2023 $7,240 $89,284 $60,095 $29,189
2022 $7,231 $95,393 $68,530 $26,863
2021 $7,502 $97,362 $70,488 $26,874
2020 $7,385 $68,760 $42,174 $26,586
2019 $7,222 $64,584 $38,898 $25,686
2018 $7,045 $60,372 $35,874 $24,498
2017 $6,713 $54,558 $34,830 $19,728
2016 $6,482 $49,896 $32,346 $17,550
2015 $6,187 $42,458 $29,156 $13,302
Source: Public Records

Agents Affiliated with this Home

  • Bill Rimsza

    Seller's Agent in 2022

    Bill Rimsza

    Rimsza Realty

    (602) 410-5652

    1 in this area

    26 Total Sales

    Bill Rimsza
    Section Image
  • Azad Zolnoorian

    Buyer's Agent in 2022

    Azad Zolnoorian

    Realty One Group

    (602) 446-7000

    1 in this area

    24 Total Sales

    Azad Zolnoorian
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6358508

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-05-034

Arizona Maricopa County Phoenix 85012 Camelback East Village

6515 N 7th St, Phoenix, AZ

Not Listed for Sale

Other

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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