NOT LISTED FOR SALE

907 E Claremont St Phoenix, AZ 85014

Camelback East Village Neighborhood

Estimated Value: $808,000 - $1,023,000

-- Bed
-- Bath
3,396 Sq Ft
$283/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $1,025,000 $302 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $5,369/month

57 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating unit installed on the ceiling
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of May 2024

Nestled in the heart of one of North Central Phoenix's famous historic neighborhoods, Claremont (''the property''), is primely positioned just north of the 7th Street and Camelback Road intersection and immediately across the street from Madison Traditional Academy. The proximity to one of The Valley's major transportation arteries, State Route 51, offers convenient accessibility to destinations valley wide. Within minutes of Claremont sits The Innovation Employment Corridor and Biltmore Employment Corridor, which presents employment opportunities from some of the most prolific companies in Arizona such as Banner Health, IBM, Cisco and Charles Schwab. Together, the prominent employment Corridors showcase a combined ±117,000 employees and ±3,300 employers. Built in 1958, Claremont offers an appealing unit mix all two-bedroom floor plans with an average unit size of ±850 square feet. Future ownership will have the enticing opportunity to capitalize on 100% of the units, primed for an elevated upgrade package resulting in an expected premium of ±$250 per month.

Last Agent to Sell the Property

Paul Bay

Marcus & Millichap License #SA671037000 Listed on: 01/02/2024

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,094

Year Built

  • Built in 1958

Lot Details

  • 0.26

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating unit installed on the ceiling
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 161-15-068-C

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0.26

Building Details

  • Operating Expense $18,993
  • Gross Income $81,987
  • Net Operating Income $63,278

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,094

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3330.0
  • Tax Parcel Letter: C
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Wood
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Brick
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Individual, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Ceiling: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 0.26
  • Additional Parcels: No
  • Parcel #: 161-15-068-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 5111.0
  • Annual Gross Income: 81986.8
  • Insurance Expense: 1600.0
  • Maintenance Expense: 2600.0
  • Property Net Operating Income: 63278.0
  • Annual Operating Expense: 18993.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 3094.0
  • Tax Book Number: 161.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2024
Closed on
Apr 18, 2024
Sold by
Urbana On Rose Llc
Bought by
Esquivel Sara Arroyo and Khalsa Devinder
Seller's Agent
Paul Bay
Marcus & Millichap
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,050,000
Sold Price
$1,025,000
Premium/Discount to List
-$25,000
-2.38%
Views
35
Current Estimated Value
$962,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$62,301
Avg. Annual Appreciation
1.07%
Original Mortgage
$973,750
Outstanding Balance
$964,498
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$75,138

Purchase Details

Closed on
Apr 18, 2022
Sold by
Gary And Christine Latronico Trust
Bought by
Urbana On Rose Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,390,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2022
Sold by
Gary And Christine Latronico Trust
Bought by
Urbana On Rose Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,390,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2008
Sold by
Latronico Gary and Latronico Gary J
Bought by
Latronico Gary and Latronico Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.47%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 13, 2008
Sold by
Latronico Gary and Latronico Christine A
Bought by
Latronico Gary J and Latronico Christine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.47%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 31, 1997
Sold by
Barrett Bertrand J and Barrett Thelma Ann
Bought by
Latronico Gary J and Latronico Christine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,400
Interest Rate
8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 1997
Sold by
Barrett Bertrand J and Barrett Thelma Ann
Bought by
Barrett Bertrand J and Barrett Thelma Ann
Source: Public Records

Range of Values:

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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
Esquivel Sara Arroyo $1,025,000 Fidelity National Title Agency
Urbana On Rose Llc $6,548,400 American Title Services
Urbana On Rose Llc $6,548,400 American Title Services
Latronico Gary -- First American Title Ins Co
Latronico Gary J -- None Available
Latronico Gary J $136,750 First American Title
Barrett Bertrand J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Esquivel Sara Arroyo $973,750
Previous Owner Urbana On Rose Llc $5,390,000
Previous Owner Urbana On Rose Llc $5,390,000
Previous Owner Latronico Gary $500,000
Previous Owner Latronico Gary J $109,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $1,025,000 -2.4% $302 / Sq Ft
02/29/2024 02/29/24 Pending -- -- --
01/02/2024 01/02/24 For Sale $1,050,000 -- $309 / 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 $3,180 $25,600 -- --
2024 $3,094 $24,381 -- --
2023 $3,094 $74,630 $14,920 $59,710
2022 $3,002 $59,400 $11,880 $47,520
2021 $3,028 $49,900 $9,980 $39,920
2020 $2,981 $40,550 $8,110 $32,440
2019 $2,915 $34,380 $6,870 $27,510
2018 $2,844 $30,280 $6,050 $24,230
2017 $2,710 $28,760 $5,750 $23,010
2016 $2,616 $24,760 $4,950 $19,810
2015 $2,430 $17,315 $3,463 $13,852
Source: Public Records

Agents Affiliated with this Home

  • Paul Bay

    Seller's Agent in 2024

    Paul Bay

    Marcus & Millichap

    (480) 600-2626

    10 in this area

    17 Total Sales

    Paul Bay
    Section Image

  • N

    Buyer's Agent in 2024

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6644882

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-15-068C

Arizona Maricopa County Phoenix 85014 Camelback East Village

907 E Claremont St, Phoenix, AZ

This home is located at 907 E Claremont St, Phoenix, AZ 85014 since 02 January 2024 and is currently estimated at $962,699, approximately $283 per square foot. This property was built in 1958. 907 E Claremont St is a home located in Maricopa County with nearby schools including Madison Rose Lane 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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