NOT LISTED FOR SALE

7641 N 12th St Phoenix, AZ 85020

Camelback East Village Neighborhood

Estimated Value: $498,000 - $589,000

-- Bed
-- Bath
1,889 Sq Ft
$286/Sq Ft Est. Value

Last Sold October 01, 2015

Last sale price $182,500 $97 Per Sq Ft

Est. 196% increase in value since last sale

Current estimated payment $2,944/month

23 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Madison Heights Elementary School Rated A-

About This Home

As of October 2015

Triplex in a great North Central Phoenix location. Can be purchased with identical triplex to the north at 7649 N 12th st. Property sits on over 1/4 acre. Current gross rents are about 20K/year. You could redevelop this property or remodel the units and achieve much higher rents with updated units with individual back yards and front patios. You could also keep as it and enjoy the cash flow.Property is in good shape but could use some updating. Located on 12th st between northern and Glendale. The property is located Madison School District, one of the most sought after school districts in Phoenix. School bus stop and public bus stop all within a few hundred yards. Walking distance to shopping and entertainment. Easy access to all freeways and bus lines.Make appt w/ LA to see vacant unit

Last Agent to Sell the Property

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000 Listed on: 06/22/2015

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Yvette McDonald

Monopoly Realty, LLC License #BR537815000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $960

Year Built

  • Built in 1958

Lot Details

  • Additional Parcels

Home Design

  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 7 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 3
  • Assessor Parcel Number 160-22-003

Community Details

Overview

  • 3 Units
  • Building Dimensions are 157 x 100
  • Karlin Place Subdivision

Building Details

  • Gross Income $18,639
  • Net Operating Income $12,979

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$960

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 12th St & Glendale
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2014
  • Directions: NORTH TO PROPERTY ON THE EAST SIDE OF THE ROAD
  • Road Surface Type: Asphalt
  • Subdivision Name: KARLIN PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Trash Expense: 936.0
  • Annual Water Sewer Expense: 850.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 157 x 100
  • Additional Parcels: Yes
  • Parcel #: 160-22-003

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 18639.0
  • Insurance Expense: 500.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 12979.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 960.0
  • Tax Book Number: 160.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2015
Sold by
Holsinger Wayne T
Bought by
Wellness Lifewell Behavioral
Current Estimated Value
$540,292

Purchase Details

Closed on
May 14, 2015
Sold by
Ivey Floy M
Bought by
Holsinger Wayne T

Purchase Details

Closed on
Jan 13, 2001
Sold by
Hsu David L and Hsu Patti H
Bought by
Ivey Floy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,450
Interest Rate
7.08%
Mortgage Type
New Conventional
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
Wellness Lifewell Behavioral $365,000 Lawyers Title Of Arizona Inc
Holsinger Wayne T $300,700 Lawyers Title Of Arizona Inc
Ivey Floy M $90,500 Equity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ivey Floy M $107,000
Previous Owner Ivey Floy M $81,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2015 10/01/15 Sold $182,500 -1.3% $97 / Sq Ft
07/15/2015 07/15/15 Pending -- -- --
06/22/2015 06/22/15 For Sale $184,900 -- $98 / 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 -- $30,466 -- --
2024 -- $29,015 -- --
2023 $0 $54,945 $33,675 $21,270
2022 $0 $57,840 $38,400 $19,440
2021 $0 $47,895 $9,570 $38,325
2020 $0 $25,800 $5,160 $20,640
2019 $0 $21,050 $4,210 $16,840
2018 $0 $15,810 $3,160 $12,650
2017 $0 $12,700 $2,540 $10,160
2016 -- $10,720 $2,140 $8,580
2015 $946 $9,120 $1,820 $7,300
Source: Public Records

Agents Affiliated with this Home

  • Brian Gaffney

    Seller's Agent in 2015

    Brian Gaffney

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 264-8400

    1 in this area

    24 Total Sales

    Brian Gaffney
    Section Image
  • Yvette McDonald

    Buyer's Agent in 2015

    Yvette McDonald

    Monopoly Realty, LLC

    (623) 206-5719

    35 Total Sales

    Yvette McDonald
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5297534

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-22-003

Arizona Maricopa County Phoenix 85020 Camelback East Village

7641 N 12th St, Phoenix, AZ

This home is located at 7641 N 12th St, Phoenix, AZ 85020 since 22 June 2015 and is currently estimated at $540,292, approximately $286 per square foot. This property was built in 1958. 7641 N 12th St is a home located in Maricopa County with nearby schools including Madison Heights 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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