NOT LISTED FOR SALE

721 E Montebello Ave Unit 214 Phoenix, AZ 85014

Camelback East Village Neighborhood

Estimated Value: $205,000 - $262,000

2 Beds
2 Baths
840 Sq Ft
1971 Built

Last Sold November 14, 2014

Last sale price $80,000 $95 Per Sq Ft

Est. 187% increase in value since last sale

Current estimated payment $1,255/month

18 Days on Market

Highlights

  • Contemporary Architecture
  • Private Yard
  • Covered Patio or Porch
  • Phoenix Coding Academy Rated A
  • Heated Community Pool
  • Balcony

About This Home

As of November 2014

Right in the ''Heart of the City''. Many restaurants (The Yard, LoLa's, etc.)and shopping within walking distance of this small, cozy complex is priced near $100 a sq. ft. This is a wonderful home for someone looking to be on a bus line. The great room lends lots of possibilities of decorating. Kitchen has all appliances included. Two large baths for this 2 bedroom condo. This one is vacant; easy to show and won't last long. Some updating will make this a great condo for first time buyer. Community pool just steps away from front door and laundry facility and storage on site.

Last Agent to Sell the Property

Irene Renstrom

HomeSmart License #SA018188000 Listed on: 10/11/2014

HomeSmart

Last Buyer's Agent

Rebecca Keenan

HomeSmart License #SA115865000

HomeSmart

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $368

Year Built

  • Built in 1971

Lot Details

  • Two or More Common Walls
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Grass Covered Lot

Parking

  • 2 Carport Spaces

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 840 Sq Ft Home
  • 2-Story Property
  • Solar Screens

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Madison Elementary School
  • Madison Rose Lane Middle School
  • Central High School

Utilities

  • Refrigerated Cooling System
  • Heating Available

Additional Features

  • No Interior Steps
  • Property is near a bus stop

Listing and Financial Details

  • Tax Lot 214
  • Assessor Parcel Number 162-07-142

Community Details

Overview

  • Property has a Home Owners Association
  • Desert Realty Association, Phone Number (602) 861-5980
  • Montebello Gardens Subdivision

Amenities

  • Laundry Facilities
  • No Laundry Facilities

Recreation

  • Heated Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$368

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: 7th Street and Montebello Ave.
  • Legal Info Range: 3E
  • Property Type: Residential
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 230.0
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2009
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2013
  • Updated Kitchen: Partial
  • Items Updated Kitchen Yr Updated: 2009
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1971
  • Tax Year: 2013
  • Property Sub Type: Apartment Style/Flat
  • Subdivision Name: Montebello Gardens
  • Architectural Style: Contemporary
  • Efficiency: Sunscreen(s)
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 95.23
  • Association Fees:HOA Fee2: 230.0
  • Special Features: None

Interior Features

  • Flooring: Carpet, Linoleum
  • Spa Features: None
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, No Interior Steps, 3/4 Bath Master Bdrm
  • Living Area: 840.0
  • Stories: 2
  • Fireplace:No Fireplace: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Community Laundry: Yes

Exterior Features

  • Fencing: Other, See Remarks
  • Exterior Features: Balcony, Covered Patio(s), Private Yard, Storage
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Grass Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • Disclosures: Agency Discl Req
  • Common Walls: Two Common Walls
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Carport Spaces: 2.0

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Laundry Features: None
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop, Community Laundry, Pool
  • Amenities: Rental OK (See Rmks)
  • Association Fee Frequency: Monthly
  • Association Name: Montobello Gardens
  • Phone: 602-861-5980
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Montobello Gardens
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Desert Realty
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: %
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Pest Control: Yes

Schools

  • Elementary School: Madison Elementary School
  • High School: Central High School
  • Middle Or Junior School: Madison Rose Lane School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 80.0
  • Parcel #: 162-07-142
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 368.43
  • Tax Book Number: 162.00
  • Tax Lot: 214
  • Tax Map Number: 7.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2014
Closed on
Nov 5, 2014
Sold by
Ramaswamy Chandrashekhar and Raghu Rekha
Bought by
Base Financial Inc
Seller's Agent
Irene Renstrom
HomeSmart
Buyer's Agent
Rebecca Keenan
HomeSmart
List Price
$86,000
Sold Price
$80,000
Premium/Discount to List
-$6,000
-6.98%
Current Estimated Value
$229,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,402
Avg. Annual Appreciation
9.96%

Purchase Details

Closed on
Oct 7, 2009
Sold by
721 Montebello Llc
Bought by
Ramaswamy Chandrashekhar and Raghu Rekha

Purchase Details

Closed on
Jul 28, 2006
Sold by
Ramaswamy Chandrashekhar
Bought by
721 Montebello Llc

Purchase Details

Closed on
May 5, 2005
Sold by
Raghu Rekha
Bought by
Ramaswamy Chandrashekhar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,800
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2004
Sold by
Brahmer Laura
Bought by
Dittman Jay and Dittman Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,550
Interest Rate
7.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2000
Sold by
Pate Theresa A
Bought by
Brahmer Laura M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,600
Interest Rate
8.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2000
Sold by
Pate Theresa A
Bought by
Brahmer Laura M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,600
Interest Rate
8.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2000
Sold by
Trudeau Annette Lynn
Bought by
Pate Theresa A

Purchase Details

Closed on
Dec 31, 1998
Sold by
Kuhl Deborah A
Bought by
Pate Theresa A and Trudeau Annette Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,200
Interest Rate
6.73%
Mortgage Type
Seller Take Back
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
Base Financial Inc $80,000 Empire West Title Agency
Ramaswamy Chandrashekhar -- None Available
721 Montebello Llc -- None Available
Ramaswamy Chandrashekhar -- First American Title Ins Co
Ramaswamy Chandrashekhar $91,000 First American Title Ins Co
Dittman Jay $69,000 First American Title Ins Co
Brahmer Laura M -- First American Title
Brahmer Laura M $52,000 First American Title
Pate Theresa A -- --
Pate Theresa A $41,500 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramaswamy Chandrashekhar $72,800
Previous Owner Dittman Jay $65,550
Previous Owner Brahmer Laura M $41,600
Previous Owner Pate Theresa A $33,200
Closed Pate Theresa A $2,075
Closed Brahmer Laura M $9,360
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2014 11/14/14 Sold $80,000 -7.0% $95 / Sq Ft
10/29/2014 10/29/14 Pending -- -- --
10/11/2014 10/11/14 For Sale $86,000 0.0% $102 / Sq Ft
09/11/2012 09/11/12 Rented $595 -11.9% --
09/11/2012 09/11/12 Under Contract -- -- --
05/16/2012 05/16/12 For Rent $675 -- --
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 $600 $4,610 -- --
2024 $557 $4,390 -- --
2023 $557 $16,420 $3,280 $13,140
2022 $541 $12,700 $2,540 $10,160
2021 $545 $11,560 $2,310 $9,250
2020 $537 $8,930 $1,780 $7,150
2019 $525 $7,850 $1,570 $6,280
2018 $512 $6,980 $1,390 $5,590
2017 $488 $5,830 $1,160 $4,670
2016 $471 $5,450 $1,090 $4,360
2015 $438 $4,330 $860 $3,470
Source: Public Records

Agents Affiliated with this Home

  • Irene Renstrom

    Seller's Agent in 2014

    Irene Renstrom

    HomeSmart

    (602) 487-1871

    24 Total Sales

    Irene Renstrom
    Section Image
  • Rebecca Keenan

    Buyer's Agent in 2014

    Rebecca Keenan

    HomeSmart

    (602) 826-8622

    17 in this area

    62 Total Sales

    Rebecca Keenan
    Section Image
  • Cathy McCormack

    Seller's Agent in 2012

    Cathy McCormack

    Property Minders

    (602) 339-3204

    Cathy McCormack
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5184350

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-07-142

Arizona Maricopa County Phoenix 85014 Camelback East Village

721 E Montebello Ave Unit 214, Phoenix, AZ

Not Listed for Sale

Condos

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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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