NOT LISTED FOR SALE

7649 N 12th St Phoenix, AZ 85020

Camelback East Village Neighborhood

Estimated Value: $502,987 - $639,000

8 Beds
-- Bath
1,889 Sq Ft
$299/Sq Ft Est. Value

Last Sold October 01, 2015

Last sale price $365,000 $193 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,075/month

50 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Madison Heights Elementary School Rated A-

About This Home

As of October 2015

Two triplexes side by side in a great North Central
Phoenix location. Property sits on over 1/2 acres.
Current gross rents are about 40K/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.

Last Agent to Sell the Property

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000 Listed on: 05/26/2015

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

  • $1,909

Year Built

  • Built in 1958

Lot Details

  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 2
  • Assessor Parcel Number 160-22-002

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are IRR
  • Karlin Place Subdivision

Building Details

  • Operating Expense $2,909
  • Gross Income $38,063
  • Net Operating Income $22,987

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,909

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 12TH ST AND GLENDALE
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2014
  • Directions: NORTH ON 12TH
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Subdivision Name: KARLIN PLACE
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Brick
  • Roof: Built-Up, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Free, Assigned, Add'l Parking Avail, 1 Space/Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: Yes
  • Parcel #: 160-22-002

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 6
  • Annual Gross Income: 38062.8
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 22987.0
  • Annual Operating Expense: 2909.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1909.0
  • Tax Book Number: 160.00
  • Tax Lot: 2

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
$564,329

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
Ivey Floy M $90,500 Equity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ivey Floy M $106,000
Previous Owner Ivey Floy M $102,000
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 $365,000 -1.3% $193 / Sq Ft
07/15/2015 07/15/15 Pending -- -- --
05/26/2015 05/26/15 For Sale $369,900 -- $196 / 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 -- $32,322 -- --
2024 -- $30,783 -- --
2023 $0 $44,610 $30,465 $14,145
2022 $0 $47,925 $34,800 $13,125
2021 $0 $47,550 $34,800 $12,750
2020 $0 $43,680 $30,795 $12,885
2019 $0 $39,540 $27,255 $12,285
2018 $0 $15,660 $3,130 $12,530
2017 $0 $12,580 $2,510 $10,070
2016 -- $10,580 $2,110 $8,470
2015 $934 $9,030 $1,800 $7,230
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: 5285063

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-22-002

Arizona Maricopa County Phoenix 85020 Camelback East Village

7649 N 12th St, Phoenix, AZ

This home is located at 7649 N 12th St, Phoenix, AZ 85020 since 26 May 2015 and is currently estimated at $564,329, approximately $298 per square foot. This property was built in 1958. 7649 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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