R
Seller's Agent in 2020
Royce Munroe
Munroe Multifamily
(480) 221-5449
1 in this area
21 Total Sales
6847 E 4th St Scottsdale, AZ 85251
Old Town Scottsdale NeighborhoodEstimated Value: $305,000
--
Bed
--
Bath
--
Sq Ft
0.37
Acres
Highlights
- Heated Community Pool
- Cooling Available
- Concrete Flooring
- Putting Green
- Community Barbecue Grill
- Individual Controls for Heating
About This Home
As of December 2020The Capri is a 13-unit, condo-mapped, garden-style apartment community located
in Scottsdale, Arizona. Constructed in 1959 with reinforced concrete block, the
Capri enjoys all the charm and flair of mid-century modern architecture. The units
have undergone modern renovations which include white shaker cabinets, solid
surface countertops, stainless-steel appliances, and wood plank vinyl flooring.
There are (8) one-bedroom / one-bathroom units, (1) two-bedroom / one-bathroom
unit, and (4) two-bedroom / two-bathroom units, all individually metered for
electricity. Each unit enjoys walk-out balconies and patios overlooking the
community swimming pool and views of Camelback Mountain. Tenant amenities
also include a community putting green, patio with BBQ, and covered parking.
Capri is in excellent condition with newer air conditioners, roofs, asphalt, water
heaters, water lines, and dual pane windows. Located on a quiet cul-de-sac and walking distance from Old Town Scottsdale, Capri
offers a perfect location for both short-term visitors and traditional residents. Capri
also enjoys proximity to Scottsdale Fashion Square Mall and the Scottsdale
Waterfront. Both shopping centers offer a vast selection of high-end stores,
boutiques, restaurants, and cafes including Neiman Marcus, Macy's, Juicy Couture,
Gucci, P.F. Chang's, Kona Grill, Creamistry, and Press Coffee. Capri is centrally
located providing quick access to Phoenix Sky Harbor International Airport,
Downtown Phoenix, and Arizona State University in Tempe.
Last Agent to Sell the Property
Munroe Multifamily License #BR512795000 Listed on: 09/08/2020
Last Buyer's Agent
Royce Munroe
ABI Multifamily License #BR512795000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,264
Year Built
- Built in 1959
Lot Details
- 0.37
Home Design
- Block Exterior
- Stucco
Parking
- 3 Open Parking Spaces
- 13 Parking Spaces
- 10 Covered Spaces
- Common or Shared Parking
Utilities
- Cooling Available
- Individual Controls for Heating
Additional Features
- Concrete Flooring
- Additional Parcels
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
- Tax Lot 1
- Assessor Parcel Number 130-10-382
Community Details
Overview
- 2 Buildings
- 13 Units
- Building Dimensions are unknown
- Capri Condominium Subdivision
Amenities
- Community Barbecue Grill
Recreation
- Heated Community Pool
- Putting Green
Building Details
- Operating Expense $43,451
- Gross Income $976,400
- Net Operating Income $187,345
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 8, 2020
Closed on
Dec 30, 2020
Sold by
Rc Capri Llc
Bought by
Mt Zion Enterprises Inc
Seller's Agent
Royce Munroe
Munroe Multifamily
Buyer's Agent
Royce Munroe
Munroe Multifamily
List Price
$3,750,000
Sold Price
$3,600,000
Premium/Discount to List
-$150,000
-4%
Total Days on Market
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,295,000
Original Mortgage
$2,300,000
Outstanding Balance
$2,085,078
Interest Rate
2.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 27, 2019
Sold by
Portofino Llc
Bought by
Rc Pacifica Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,080,000
Interest Rate
3.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jul 30, 2019
Sold by
Sunshare Property Inc
Bought by
Portofino Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,080,000
Interest Rate
3.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mt Zion Enterprises Inc | $3,600,000 | Premier Title Agency | |
| Rc Pacifica Llc | -- | Premier Title Agency | |
| Portofino Llc | $2,600,000 | Premier Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mt Zion Enterprises Inc | $2,300,000 | |
| Previous Owner | Portofino Llc | $2,080,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2020 12/31/20 | Sold | $3,600,000 | -4.0% | -- |
| 09/16/2020 09/16/20 | Pending | -- | -- | -- |
| 09/08/2020 09/08/20 | For Sale | $3,750,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | -- | -- | -- | -- |
| 2024 | -- | $50 | -- | -- |
| 2023 | -- | $50 | $25 | $25 |
| 2022 | $0 | $50 | $50 | $0 |
| 2021 | $0 | $50 | $50 | $0 |
| 2020 | $0 | $50 | $50 | $0 |
| 2019 | $0 | $50 | $50 | $0 |
| 2018 | $0 | $50 | $50 | $0 |
| 2017 | $0 | $50 | $50 | $0 |
| 2016 | $0 | $50 | $50 | $0 |
| 2015 | -- | $50 | $50 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Royce Munroe
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6129168
APN: 130-10-395
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.
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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