NOT LISTED FOR SALE

920 E Montebello Ave Phoenix, AZ 85014

Camelback East Village Neighborhood

Estimated Value: $746,000 - $949,000

-- Bed
-- Bath
-- Sq Ft
8,886 Sq Ft Lot

Last Sold September 20, 2022

Last sale price $1,850,000

Est. 50% decrease in value since last sale

Current estimated payment $5,230/month

71 Days on Market

About This Home

As of September 2022

Madison at Uptown is a 7 unit apartment community. Built in 1958 and renovated in 2022, the property resides in a residential neighborhood and consists of (6) 1-bed / 1-bath units and (1) 3-bed / 2-bath detached cottage. Five of the seven units have been fully upgraded and the remaining two units will complete renovations by the end of June 2022. Both units will be leased up at market rent. This garden-style community features interior and exterior renovations including new stainless-steel appliances, granite countertops, new cabinets, in-unit washers / dryers, new foam roof / HVAC units, and new water heaters. This quiet apartment community has ample parking using the vacant west-adjacent lot which is being sold separately. The Seller is willing to include a bulk sale of both parcels.

Last Agent to Sell the Property

Mitchell Drake

ABI Multifamily License #SA675761000 Listed on: 05/18/2022

Co-Listed By

Dallin Hammond

ABI Multifamily License #SA677560000

Last Buyer's Agent

Leslie McDonnell

RE/MAX Fine Properties License #SA651937000

RE/MAX Fine Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,116

Year Built

  • Built in 1957

Lot Details

  • 8,886

Home Design

  • Foam Roof
  • Block Exterior

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Utilities

  • Cooling Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 3 / 1
  • Assessor Parcel Number 162-06-022-C

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • Building Dimensions are 11,892
  • Montgomery Acres Subdivision

Building Details

  • Operating Expense $3,116

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,116

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Year Built: 1957
  • Tax Year: 2021
  • Road Surface Type: Concrete
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: MONTGOMERY ACRES
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Construction Type: Painted, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: See Remarks
  • Heating: See Remarks
  • Cooling Y N: Yes
  • Water Source: Master Meter
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: Other
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Lot Info

  • Lot Size: 11,892
  • Additional Parcels: No
  • Parcel #: 162-06-022-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 7
  • Annual Operating Expense: 3116.0

Tax Info

  • Tax Annual Amount: 3116.0
  • Tax Block: 1
  • Tax Book Number: 162.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2023
Sold by
Wg & Kl Downs Revocable Trust
Bought by
920 E Montebello Ave Llc
Current Estimated Value
$930,667

Purchase Details

Closed on
Oct 12, 2021
Sold by
Montebello Apartments Phx Llc
Bought by
Thanks And Praise Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,725,000
Interest Rate
3.75%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 19, 2018
Closed on
Apr 15, 2019
Sold by
Baker David L and Baker Tracy B
Bought by
Montebello Apartments Phx Llc
Seller's Agent
Mitchell Drake
ABI Multifamily
Buyer's Agent
Mitchell Drake
ABI Multifamily
List Price
$850,000
Sold Price
$750,000
Premium/Discount to List
-$100,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.97%
Original Mortgage
$390,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2015
Sold by
R & R Funding Corporation
Bought by
Baker Street Property Management Llc

Purchase Details

Closed on
Oct 10, 2005
Sold by
Reed Stephen D and Reed Ruth Ellen
Bought by
R & R Funding Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
5.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 1994
Sold by
Mcelhaney Donald J and Mcelhaney Sharon
Bought by
Barlow J Rodney and Luhr William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
9.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
920 E Montebello Ave Llc -- --
Thanks And Praise Llc $1,400,000 Magnus Title Agency Llc
Montebello Apartments Phx Llc $750,000 Fidelity Natl Ttl Agcy Inc
Baker Street Property Management Llc -- None Available
R & R Funding Corp $475,000 Westland Title Agency
Barlow J Rodney $175,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thanks And Praise Llc $1,725,000
Previous Owner Montebello Apartments Phx Llc $390,000
Previous Owner R & R Funding Corp $332,500
Previous Owner Barlow J Rodney $122,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2022 09/20/22 Sold $1,850,000 -7.3% --
06/14/2022 06/14/22 Price Changed $1,995,000 -5.0% --
05/17/2022 05/17/22 For Sale $2,100,000 +180.0% --
04/18/2019 04/18/19 Sold $750,000 -9.1% --
03/27/2019 03/27/19 Price Changed $825,000 0.0% --
02/11/2019 02/11/19 Pending -- -- --
01/21/2019 01/21/19 Price Changed $825,000 -2.9% --
11/16/2018 11/16/18 For Sale $850,000 -- --
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 $1,608 $12,950 $12,950 --
2024 $1,565 $12,333 $12,333 --
2023 $1,565 $31,500 $31,500 $0
2022 $1,519 $28,005 $28,005 $0
2021 $1,532 $29,745 $29,745 $0
2020 $1,508 $28,650 $28,650 $0
2019 $1,475 $13,920 $13,920 $0
2018 $1,439 $13,815 $13,815 $0
2017 $1,371 $10,890 $10,890 $0
2016 $1,324 $8,805 $8,805 $0
2015 $1,311 $8,480 $8,480 $0
Source: Public Records

Agents Affiliated with this Home

  • Mitchell Drake

    Seller's Agent in 2022

    Mitchell Drake

    ABI Multifamily

    (602) 714-1400

    9 in this area

    29 Total Sales

    Section Image
  • Dallin Hammond

    Seller Co-Listing Agent in 2022

    Dallin Hammond

    ABI Multifamily

    (602) 714-1400

    10 in this area

    38 Total Sales

    Section Image
  • Leslie McDonnell

    Buyer's Agent in 2022

    Leslie McDonnell

    RE/MAX

    (602) 510-5991

    8 in this area

    47 Total Sales

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6401837

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-06-022D

Arizona Maricopa County Phoenix 85014 Camelback East Village

920 E Montebello Ave, Phoenix, AZ

This home is located at 920 E Montebello Ave, Phoenix, AZ 85014 since 18 May 2022 and is currently estimated at $870,333. This property was built in 1957. 920 E Montebello Ave 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

Nearby Homes