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Sold on 07/29/2023

1625 E Lamar Rd, Phoenix, AZ 85016

  • $3,500,000

    Last sold 07/29/2023 after 271 Days

  • 16

    bed

  • —

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 1625 E Lamar Rd

Property type Multi-family
Neighborhood
Year built 2023
HOA fee $0/month
Property description
Reflection is a Luxury 4 home townhome development offering an investor diverse options of ownership and divestment: operate as a multifamily conventional rental project, luxury AirBNB, or divest as single sale townhomes to owner-occupiers. Each home offers up to 4 bedrooms with den and range in size from 2648 sf to 2856sf. Stunning appointments include Hardwood flooring , 10ft ceilings , Gourmet kitchens with 36 inch Jennair Gas range , Large quartz islands, Multi side doors to ground floor patios and large viewing decks off primary bedrooms. Each home also has a bedroom and full bath on the ground floor as well and dual HVAC systems, Tankless Gas HW and EV prepared outlet in each garage . Primary Bath has free standing tub and oversized shower. Yards are generous and private . The property is located a short distance from downtown Phoenix and The Biltmore Corridor, a premier upscale residential and financial district, Paradise Valley and Old Town Scottsdale
Listed by
Listing Agent - Craig A Young
Listing Office - REI Marketing
Source: ARMLS mls logo
MLS#6487558 • last updated 4 months ago
Movoto checked ARMLS for data 3 minutes ago
Overview
Cooling/AC Central Air, Ceiling Fan(s), Electric, Heat Pump, 2 Or More Units
Heating Individual, Central, 2 Or More Units, Electric
MLS # 6487558
Type Multiple Dwellings
Status Closed
Property Tax 4369
Year Built 2023
Interior
Flooring Ceramic Tile, Wood
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
Exterior
Roof Foam
Construction Wood Frame, Siding, Painted, Stucco
Parking Garage Door Opener, Attached, >1 Space Per Unit, On Street
# of Covered Spaces 8
Amenities / Utilities
Water Source Individual Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision Lamar Townhomes
Community Features Other, No Pool
Elementary School Madison #1 Middle School
Elementary School District Madison Elementary District
High School District Phoenix Union High School District
High School Central High School
APN 164-34-005
Zoning R3
Directions 16th Street Block South Of Glendale To Lamar, East To Property
Multifamily Details
Total # of Units 4
Expense: Operating 4369
Financial Data Source Projected Proforma
Net Operating Income 216600
Gross Income 240000
Gross Scheduled Income 240000
Lot/ Land Details
Road Surface Concrete
We are not permitted to show value estimates for this property.
  • Jul 2023
    mls logo MLS # 6487558
  • Jul 29, 2023 Sold
    $3,500,000 (-7.5%)
  • Nov 9, 2022 Listed
    $3,785,000 (-4.8%)
  • May 2022
    mls logo MLS # 6395647
  • May 6, 2022 Listed
    $3,975,000 (+1125.0%)
  • Sep 2017
    mls logo MLS # 5632246
  • Sep 12, 2017 Price Change
    $324,500 (-0.2%)
  • Jul 12, 2017 Listed
    $325,000 (+4.8%)
  • Nov 2016
    mls logo MLS # 5523082
  • Nov 9, 2016 Listed
    $310,000
  • Apr 2012
    mls logo MLS # 1741283
  • Apr 28, 2012 Sold
    —
  • 1625 E Lamar Rd
    $3.5M
  • Camelback East
    $762K
  • 85016
    $575K -4% y/y
  • Phoenix
    $474K -2% y/y
No chart available
Statistics calculated by Movoto

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6/10
Madison Heights Elementary School
public Grades PK, K-4
Madison Elementary District
5/10
Madison #1 Elementary School
public Grades 5-8
Madison Elementary District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • AZ
  • Maricopa County
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  • 85016
  • 1625 E Lamar Rd
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