5 months on rocket

720 E Montecito Ave, Phoenix, AZ, 85014

$1,025,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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720 E Montecito Ave, Phoenix$1,025,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOther (See Remarks)
Year Built1955
HeatingOther
CoolingOther
MLS #6714468
StatusActive

About 720 E Montecito Ave

Montecito is a 4-unit apartment community located in the Midtown Phoenix Submarket. Built in 1955, the asset has been extensively renovated over the past few years and features (3) 2+1 units and (1) 1+1 unit . Current ownership has successfully run short-term rentals on 3 of the 4 units through Air BnB. New ownership will have the opportunity to take over the 3 units furnished and continue the current operation or run as a traditional apartment building. Significant capital is being invested in the immediate area with the addition of Fate Brewery and several new townhome developments around the corner. The property also sits in close proximity to Carl T Hayden VA Hospital, Brophy & Xavier Prep Schools, and provides easy access to Midtown & Downtown Phoenix. CONTACT AGENT FOR COPY OF OM

Property Details

Property Features

Property Information:

  • Year Built: 1955

Listing Office:

  • Office Name: Matthews Real Estate Investment Services
  • Office Phone: (310) 388-0788
  • Listing Agent: Bradley Skenderian

Interior Features

Interior Information:

  • Flooring Type: Vinyl

Exterior Features

Parking Information:

  • Parking: Other (See Remarks)

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,025,000

Tax Information:

  • Annual Amount: $2,829
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Phoenix, AZ.

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Phoenix, AZ

City

Med. Sold Price

$450.9K

Med. Price/SqFt

$284

Avg. Days On Market

62

# of Sold Homes

1291

720 E Montecito Ave vs Phoenix

173 DAYS ON ROCKET

+111 Days

$1,025,000

+$574K More

KEY TAKEAWAY

This property is $574K more than the Median Sold Price in Phoenix, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6714468

Listing Office:

  • Office Name: Matthews Real Estate Investment Services
  • Office Phone: (310) 388-0788
  • Listing Agent: Bradley Skenderian

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 8:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 31, 2012Home Sold
$140,414
Nov 19, 2009Home Sold
$135,000
Nov 13, 2009Home Sold
$92,826
Sep 04, 2009Home Sold
$92,826
Sep 14, 2007Home Sold
$235,000
Aug 03, 2004Home Sold
$187,000
Aug 30, 2000Home Sold
$147,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,829$27,890
2020$2,757$25,830
2019$1,088$20,260
2017$997$16,430

History based on county public records data.

Payment Calculator

$5,183

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,140

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1224103
3
/10

  • Longview Elementary School

  • 1209 E Indian School Rd

  • 0.66 miles

  • Public District Grades PK-6

school-card-donut-1224104
7
/10

  • Basis Phoenix Central Primary School

  • 201 E Indianola Ave

  • 0.67 miles

  • Public Charter Grades KG-5

school-card-donut-1224105
6
/10

  • Arizona Autism Charter School

  • 4125 N 14th St

  • 0.74 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,634. The most common annual income of people living in Phoenix, AZ is less than $35k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 720 E Montecito Ave

What is the listing price of this property?

The listing price of 720 E Montecito Ave property is $1,025,000.

What type of property is this?

The property 720 E Montecito Ave is a house located in Phoenix, Arizona, 85014.

Is this property for sale now?

Active Listing: 720 E Montecito Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,829 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 31, 2012 for $140,414. (source: MLS/tax record).

Which year was this property built?

The year of construction for 720 E Montecito Ave is 1955.

Rocket Homes›Arizona›Maricopa County›Phoenix›85014›720 E Montecito Ave

This home is located at 720 E Montecito Ave in Phoenix, AZ and zip code 85014 in the Encanto neighborhood. This home was built in 1955. It has been listed on Rocket Homes since June 04, 2024 and is currently priced at $1,025,000.

Over 250 listings were sold over their listed price in October 2024 in Phoenix, AZ. In the same period over 697 listings were sold below the listed price and 344 listings were sold for the listed price. The inventory of homes for sale in Phoenix, AZ between September 2024 and October 2024 increased by 7.5%. The median list price of listings available in October 2024 was $450,977, while the average time on the real estate market was 62 days.

From Rocket Homes Real Estate and based on county public records data.

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