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Sold for $2,250,000
    • $2,250,000

    1611 E LAMAR Road, Phoenix, AZ 85016

    8beds
    8baths
    5,600sqft
    Multi Family
    Built in 2023
    -- sqft lot
    $2,257,000 Zestimate®
    $402/sqft
    $3,320 Estimated rent

    Home value

    $2,257,000

    $2.08M - $2.46M

    $3,320/mo

    Zestimate® history
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    $12,983/mo

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    What's special

    Fabulous centrally located investment opportunity. These new & modern four units with custom finishes affords a perfect owner-occupied luxurious lifestyle. The property was designed with a 2,000 ft.² owners three bedroom 3 1/2 bath home. The property consists of two, three bedrooms three bath homes and two one bedroom one bath apartments. The three bedroom units include gas fireplace. Superb location right off the 51 freeway with easy access to Sky Harbor Airport and Downtown Phoenix. Situated next to the Sprouts shopping center at 16th St. & Glendale. Adjacent to the canal with an easy walk to the Biltmore Hotel. Must see to appreciate!

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Banovac 602-571-4888,

    RMB Realty LLC

    Bought with:

    Michael Banovac, SA586199000

    RMB Realty LLC

    Source: ARMLS,MLS#: 6974079MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    Heating
    • Ceiling
    Cooling
    • Ceiling Fan(s), Electric
    Appliances
    • Included: Disposal, Dishwasher, Refrigerator, Built-In Gas Oven, Microwave, Washer/Dryer
    Features
    • Flooring: Vinyl
    Interior area
    • Total structure area: 5,600
    • Total interior livable area: 5,600 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Garage Door Opener, >1 Space Per Unit, On Street, Carport
    • Has garage: Yes
    • Has carport: Yes
    • Covered spaces: 6
    • Uncovered spaces: 2
    Lot
    • Size: 0.26 Acres
    • Dimensions: 80' x 144'
    Details
    • Parcel number: 16434003
    • Zoning: R3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Painted, Stucco
    Condition
    • Year built: 2023

    Utilities & green energy

    • Electric: APS
    • Sewer: Public Sewer
    • Water: Individual Meter

    Community & HOA

    Community
    • Features: No Pool
    • Subdivision: TOWN HEIGHTS
    Location
    • Region: Phoenix

    Financial & listing details

    • Price per square foot: $402/sqft
    • Tax assessed value: $1,668,800
    • Annual tax amount: $11,957
    • Date on market: 1/26/2026
    • Cumulative days on market: 92 days
    • Listing terms: Conventional
    • Ownership: Fee Simple
    • Electric utility on property: Yes
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    4/27/2026Sold$2,250,000-8.2%$402/sqft
    Source: ARMLS #6974079 Report a problem
    4/27/2026Pending sale$2,450,000$438/sqft
    Source: ARMLS #6974079 Report a problem
    1/24/2026Listed for sale$2,450,000+620.6%$438/sqft
    Source: ARMLS #6974079 Report a problem
    4/30/2021Sold$340,000+21.4%$61/sqft
    Source: Public Record Report a problem
    4/10/2018Sold$280,000+460%$50/sqft
    Source: Public Record Report a problem
    4/12/2011Sold$50,000-41.2%$9/sqft
    Source: ARMLS #4561799 Report a problem
    6/8/1998Sold$85,000$15/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,957 +271.2%$166,880 +225.5%
    2024$3,222 +2.7%$51,270 +117.9%
    2023$3,135 +3.1%$23,527 -33.1%
    2022$3,042 +0.7%$35,160 -5.3%
    2021$3,020 -6.9%$37,110 +4.1%
    2020$3,246 +2.5%$35,655 +33%
    2019$3,166 $26,800 +13%
    2018$3,166 +19.5%$23,710 +5.3%
    2017$2,649 +11.5%$22,510 -9.2%
    2016$2,375 +6.4%$24,780 +7.6%
    2015$2,232 $23,030 +29.6%
    2014-- $17,770 +17.3%
    2013-- $15,150 -0.4%
    2012-- $15,210 +10.1%
    2011-- $13,820 -26.7%
    2010-- $18,850 -29.5%
    2009-- $26,730 -11.3%
    2008-- $30,150 +17.3%
    2007-- $25,700 +52.1%
    2006-- $16,900
    2005-- $16,900 +28%
    2004-- $13,200
    2003-- $13,200 +26.3%
    2002-- $10,450
    Find assessor info on the county website

    Neighborhood: Camelback East

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Madison Elementary District

    Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $2,257,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,257,000

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