1934 E Fairmount Ave Phoenix, AZ 85016
Camelback East Village NeighborhoodEstimated payment $10,275/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Individual Controls for Heating
- Phoenix Coding Academy Rated A
About This Home
Ideally positioned in a coveted centralized location, 1934 Fairmount (''the property'') is an 8-unit apartment community primely located immediately Southwest of the Indian School Road and 20th Street intersection, in the heart of the Biltmore Submarket. Its nearby proximity to State Route 51, a major transportation artery, affords residents direct access to simple passage within desirable commute times to nearly any destination across The Val-ley. Some of those nearby destinations include a number of the most prominent employment and entertainment corridors in the state. Located less than a mile of 1934 Fairmount sits Biltmore's Shops at Town & Country and Camelback Colonnade, offering residents convenient access to ±1.51M square feet of retail showcasing retailers such as Whole Foods, Trader Joe's, Best Buy and Nordstrom Rack. The Camelback Employment Corridor, where names such as Cisco , Charles Schwab, Accenture, and Humana are stationed is home to ±46,000 employees and ±1,200 employers. also offers numerous dining and entertainment amenities. Additionally, Midtown is home to the Innovation Employment Corridor, which runs down Central Avenue, presenting employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. Together, the Camelback and Innovation Corridors showcase over ±117,000 employees and ±3,300 employers.
Built in 1971 and renovated in 2021, 1934 Fairmount is comprised of 100% one-bedroom floorplans covering an average of ±558 square feet. The interiors for all 8 units have been renovated and the entire exterior community space has been updated with new paint and landscaping. Future ownership will have the opportunity to add in-suite washer/dryer units and front patios.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,741
Year Built
- Built in 1963
Home Design
- Composition Roof
- Block Exterior
Flooring
- Ceramic Tile
- Vinyl
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Utilities
- Cooling Available
- Individual Controls for Heating
Listing and Financial Details
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 1
- Assessor Parcel Number 119-28-124-B
Community Details
Overview
- 2 Buildings
- 8 Units
- Building Dimensions are 0.29
Building Details
- Operating Expense $28,262
- Gross Income $122,381
- Net Operating Income $90,520
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,741 | $21,084 | -- | -- |
| 2024 | $2,709 | $20,080 | -- | -- |
| 2023 | $2,709 | $81,870 | $16,370 | $65,500 |
| 2022 | $2,603 | $59,750 | $11,950 | $47,800 |
| 2021 | $2,667 | $53,950 | $10,790 | $43,160 |
| 2020 | $2,602 | $45,030 | $9,000 | $36,030 |
| 2019 | $2,583 | $36,370 | $7,270 | $29,100 |
| 2018 | $2,530 | $31,810 | $6,360 | $25,450 |
| 2017 | $2,432 | $28,070 | $5,610 | $22,460 |
| 2016 | $2,338 | $23,660 | $4,730 | $18,930 |
| 2015 | $2,175 | $21,030 | $4,200 | $16,830 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | For Sale | $1,800,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $1,050,000 | Stewart Title & Tr Of Tucson | |
| Warranty Deed | -- | Magnus Title Agency | |
| Special Warranty Deed | -- | None Available | |
| Cash Sale Deed | $275,000 | Fidelity National Title Agen | |
| Interfamily Deed Transfer | -- | None Available | |
| Cash Sale Deed | $195,000 | -- | |
| Interfamily Deed Transfer | -- | First American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,180,000 | New Conventional | |
| Closed | $770,000 | Commercial | |
| Previous Owner | $400,000 | Commercial | |
| Previous Owner | $235,000 | New Conventional | |
| Previous Owner | $235,000 | Unknown | |
| Previous Owner | $285,000 | Purchase Money Mortgage | |
| Previous Owner | $285,000 | Unknown | |
| Previous Owner | $250,000 | Unknown | |
| Previous Owner | $128,000 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6813629
APN: 119-28-124B
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.
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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