NOT LISTED FOR SALE

Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $603,000 - $1,010,000

-- Bed
5 Baths
2,377 Sq Ft
$370/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $875,000 $368 Per Sq Ft

Current estimated payment $4,852/month

1 Day on Market

Highlights

  • Heated Community Pool
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of July 2021

Duplex & Single Family Home. Duplex is comprised of (1) 1 Bed / 1 Bath Unit & (1) 2 Bed / 2 Bath unit. The Single Family Home is a 2 Bed / 2 Bath unit with private backyard. Property has ample covered / uncovered parking along with swimming pool for tenants to enjoy. The carport has an electric security gate with remote access. Each unit has vaulted ceilings, in-unit washer / dryer, dishwasher, custom walk-in closets, dry bar & exterior storage closets. Each 2 Bed / 2 Bath has a gas fueled fireplace.

Last Agent to Sell the Property

Mitchell Drake

ABI Multifamily License #SA675761000 Listed on: 07/29/2021

Last Buyer's Agent

Mitchell Drake

ABI Multifamily License #SA675761000 Listed on: 07/29/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,874

Year Built

  • Built in 1961

Lot Details

  • 9,191

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces

Schools

  • Creighton Elementary School

Utilities

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Tax Lot 170-31-012-E
  • Assessor Parcel Number 170-31-012-E

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 9,191
  • Pasadena Tr Pt Lot 8 Beg 128' S & 10' W Of Ne Cor Th W 93' S 103' E 93' N 103' To Pob Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $2,874
  • Gross Income $46,800
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,874

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1961
  • Tax Year: 2021
  • Road Surface Type: Concrete
  • Subdivision Name: PASADENA TR PT LOT 8 BEG 128' S & 10' W OF NE COR TH W 93' S 103' E 93' N 103' TO POB
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:Pool2: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Exterior Amenities:Guard Gate: Yes

Schools

  • Elementary School: Creighton Elementary School

Lot Info

  • Lot Size: 9,191
  • Additional Parcels: No
  • Parcel #: 170-31-012-E

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 46800.0
  • Property Net Operating Income: 30000.0
  • Annual Operating Expense: 2874.0

Tax Info

  • Tax Annual Amount: 2874.0
  • Tax Book Number: 170.00
  • Tax Lot: 170-31-012-E

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Jul 29, 2021
Sold by
38Th Street Llc
Bought by
Drake Michelle
Seller's Agent
Mitchell Drake
ABI Multifamily
Buyer's Agent
Mitchell Drake
ABI Multifamily
List Price
$875,000
Sold Price
$875,000
Current Estimated Value
$878,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,670
Avg. Annual Appreciation
0.09%
Original Mortgage
$700,000
Outstanding Balance
$636,803
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$241,867

Purchase Details

Closed on
Feb 25, 2020
Sold by
Vercellino Brian R
Bought by
Vercellino Brian R and Vercellino Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,800
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2014
Sold by
Olson Kristopher
Bought by
Vercellino Brian R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,932
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 11, 2009
Sold by
Bergher John M and The Gail L Bergher Revocable T
Bought by
Olson Kristopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
5.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 2005
Sold by
Tse Chida and Tse Renee
Bought by
Bergher Gail L

Purchase Details

Closed on
Jul 17, 2003
Sold by
Alvarez Horacio J and Alvarez Eva A
Bought by
Tse Chida and Tse Renee

Purchase Details

Closed on
Jan 13, 1998
Sold by
D & T Llc
Bought by
Alvarez Horacio J and Alvarez Eva A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,100
Interest Rate
7.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 1996
Sold by
D + T Llc
Bought by
Siwinski David M

Purchase Details

Closed on
Jun 21, 1995
Sold by
Hikki Allegra
Bought by
D & T Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,250
Interest Rate
7.63%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Drake Michelle $875,000 American Title Svc Agcy Llc
38Th Street Llc -- American Title Svc Agcy Llc
Vercellino Brian R -- Premier Title Agency
Vercellino Brian R $335,000 Empire West Title Agency
Olson Kristopher $265,000 Lawyers Title Of Arizona Inc
Bergher Gail L $635,000 Lawyers Title Ins
Tse Chida $182,000 Chicago Title Insurance Co
Alvarez Horacio J $125,500 Fidelity Title
Siwinski David M -- United Title
D & T Llc $58,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drake Michelle $700,000
Previous Owner Vercellino Brian R $322,800
Previous Owner Vercellino Brian R $328,932
Previous Owner Olson Kristopher $187,500
Previous Owner Alvarez Horacio J $94,100
Previous Owner D & T Llc $52,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2021 07/30/21 Sold $875,000 0.0% $368 / Sq Ft
07/29/2021 07/29/21 For Sale $875,000 -- $368 / 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 $3,147 $23,296 -- --
2024 $2,994 $22,187 -- --
2023 $2,994 $57,410 $11,480 $45,930
2022 $2,876 $44,080 $8,810 $35,270
2021 $2,946 $41,060 $8,210 $32,850
2020 $2,874 $37,320 $7,460 $29,860
2019 $2,854 $33,810 $6,760 $27,050
2018 $2,796 $29,670 $5,930 $23,740
2017 $2,688 $26,600 $5,320 $21,280
2016 $2,584 $21,710 $4,340 $17,370
2015 $2,404 $19,980 $3,990 $15,990
Source: Public Records

Agents Affiliated with this Home

  • Mitchell Drake

    Seller's Agent in 2021

    Mitchell Drake

    ABI Multifamily

    (602) 714-1400

    9 in this area

    27 Total Sales

    Mitchell Drake
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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6280574

Arizona Regional Multiple Listing Service (ARMLS)

APN: 170-31-012E

Arizona Maricopa County Phoenix 85018

Camelback East Village

Not Listed for Sale

MultiFamily

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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