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2503 East Clarendon Avenue

2503 East Clarendon Avenue, Phoenix, AZ 85016
Multifamily in Camelback East
2503 East Clarendon Avenue in Phoenix, AZ was first built in 1960 and is 64 years old. This has been categorized as a residential property type. There are a total of 2 floors. 2503 East Clarendon Avenue has 10,260 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 14,040 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of asphalt and ply sheets in a built-up roof style. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with tilt-up (pre-cast concrete) control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of concrete block. Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing a heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2503 East Clarendon Avenue was last sold in Aug 17, 2021 for $2,550,000. According to our calculations, that's $248.54 per sqft. Prior to that sales transaction, the property was sold for $1,680,000 in Oct 8, 2019. Current property owners are expected to pay $5,307 in taxes per year. The property on 2503 East Clarendon Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $168,820. To break that down further, the land itself was valued at $23,910. While improvements to the property were assessed at a total of $144,910. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190416
04/16/2019
Studio
-
-
$1,850,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 3
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Tilt-up (pre-cast concrete)
  • Exterior Walls Type: Concrete block
  • Roof Cover Type: Built-up
  • Floor Count: 2
  • Living Units: 12
  • Business/Commerical Units Count: 12
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,040
  • Total Building Area: 10,260
  • Gross Building Area: 10,260
  • Building Area: 10,260
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 10,260
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRES PALMAS
  • Land Acres: 0.322
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: E 65F OF W 1005.72F OF N2 OF SW4 OF NW4 SEC 26 EX S 446.52F

Ownership

  • Current Owner : PAAMP HOLDINGS 2 LLC
  • Previous Owner : 2503 EAST CLARENDON LLC
  • Owner Before Previous Owner: BROOKLYN AZ PROPERTIES LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Phoenix Union High School District
  • Census Tract: 110801

Zoning

  • Zoning: M-H

Geography

  • Parcel: 119-05-053
  • Meridian: SEC 26 TWN 2N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.4909
  • Longitude: -112.027

    Address

  • Full Address: 2503 E Clarendon Ave
  • Address - House Number: 2503
  • Street Direction: E
  • Address - Street Name: Clarendon
  • Address - Suffix Type: Ave
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C060
  • 4-Digit Zip Code: 6734
  • Zip Code: 85016

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,307
  • Tax Rate Code Area: 141300

    Appraisal Valuation

  • Standard Deviation: 0.2987
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 40
  • Final Value: 2,451,931
  • High Value: 3,184,397
  • Low Value: 1,719,464

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,664,000
  • First Open Lien Mortgage Lender: RFLF 4 LLC
  • First Open Lien Mortgage Recording Date: Oct 23, 2023
  • First Open Lien Mortgage Loan Amount: $1,664,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2053

    Market Valuation

  • Market Total Value: $1,688,200
  • Market Land Value: $239,100
  • Market Improvement Value: $1,449,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $168,820
  • Assessed Land Value: $23,910
  • Assessed Improvements Value: $144,910

    Sales

  • Current Sale Contract Date: Aug 17, 2021
  • Current Sale Recording Date: Aug 18, 2021
  • Current Sale Transaction ID: 11849470114
  • Current Sale Price: $2,550,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 20210895365
  • Previous Sale Recording Date: Oct 15, 2019
  • Previous Sale Contract Date: Oct 08, 2019
  • Previous Sale Amount: $1,680,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST BANK
  • First Mortgage Transaction Date: Aug 18, 2021
  • First Mortgage Loan Amount: $2,277,100
  • First Mortgage Terms: 24
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Aug 01, 2023

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON FEDERAL NA
  • Previous Mortgage Transaction Date: Oct 15, 2019
  • Previous Mortgage Loan Amount: $1,176,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Camelback East



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Frequently Asked Questions

What neighborhood is 2503 East Clarendon Avenue located in?
The 2503 East Clarendon Avenue is a multifamily located in the neighborhood of Camelback East in Camelback East, Phoenix.
What is the average sales price for listings in 2503 East Clarendon Avenue?
The average sales price for units in 2503 East Clarendon Avenue is $0 currently.

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