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7611 South 36th Street

7611 South 36th Street, Phoenix, AZ 85042
Sold Jul 11, 2022
$50,500
$35,370,065 by Cbre Us Credit Partners Fundin
Mortgage
Sold Jan 21, 2020
$26,000,000
$19,155,000 by Cibc Inc
Mortgage
7611 South 36th Street has been categorized by the local assessors in Phoenix, AZ as a residential type of property. The building on the property was first built in 1998 and is 26 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7611 South 36th Street has 154,895 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 348,250 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 4,000 sqft. Residents will have the luxury of enjoying a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of concrete. The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7611 South 36th Street sold most recently in Jul 11, 2022 for a total of $50,500. If you work out the math, that's approximately a cost of $0.33 per sqft. Before that, the property was also sold for $26,000,000 in Jan 15, 2020. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $133,401 in taxes each year. 7611 South 36th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,560,160. If we break it down further, the land itself was valued at $512,030. Improvements to the property, however, were assessed at a total of $2,048,130. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 16
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Wood
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 134
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 4,000
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 348,250
  • Total Building Area: 154,895
  • Gross Building Area: 154,895
  • Building Area: 154,895
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 154,895
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MONTANA APARTMENTS
  • Land Acres: 7.995
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: MONTANA APARTMENTS MCR 501-23

Ownership

  • Current Owner : PHOENIX MONTANA OWNER LLC
  • Previous Owner : SOUTH 36TH STREET PROPERTY OWNER LLC
  • Owner Before Previous Owner: RENUE MONTANA LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Phoenix Union High School District
  • Census Tract: 116738

Zoning

  • Zoning: M-M

Geography

  • Assessors Map Reference: 50123
  • Parcel: 301-20-048
  • Lot: 1
  • Meridian: SEC 1 TWN 1S RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.3764
  • Longitude: -112.005

    Address

  • Full Address: 7611 S 36th St
  • Address - House Number: 7611
  • Street Direction: S
  • Address - Street Name: 36th
  • Address - Suffix Type: St
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C091
  • 4-Digit Zip Code: 7278
  • Zip Code: 85042

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $133,401
  • Tax Rate Code Area: 661300

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $35,370,065
  • First Open Lien Mortgage Lender: CBRE US CREDIT PARTNERS FUNDIN
  • First Open Lien Mortgage Recording Date: Jul 11, 2022
  • First Open Lien Mortgage Loan Amount: $35,370,065
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $25,601,600
  • Market Land Value: $5,120,300
  • Market Improvement Value: $20,481,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,560,160
  • Assessed Land Value: $512,030
  • Assessed Improvements Value: $2,048,130

    Sales

  • Current Sale Contract Date: Jul 11, 2022
  • Current Sale Recording Date: Jul 11, 2022
  • Current Sale Transaction ID: 11891601660
  • Current Sale Price: $50,500
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 563397
  • Previous Sale Recording Date: Jan 21, 2020
  • Previous Sale Contract Date: Jan 15, 2020
  • Previous Sale Amount: $26,000,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CBRE US CREDIT PARTNERS FUNDIN
  • First Mortgage Transaction Date: Jul 11, 2022
  • First Mortgage Loan Amount: $35,370,065
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: CIBC INC
  • Previous Mortgage Transaction Date: Jan 21, 2020
  • Previous Mortgage Loan Amount: $19,155,000
  • Previous Mortgage Loan Type: Commercial

About South Mountain



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Frequently Asked Questions

What neighborhood is 7611 South 36th Street located in?
The 7611 South 36th Street is a located in the neighborhood of Montana Apartments in South Mountain, Phoenix.
What is the average sales price for listings in 7611 South 36th Street?
The average sales price for units in 7611 South 36th Street is $0 currently.

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