NOT LISTED FOR SALE

16040 N 27th St Unit 1 Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $648,000 - $826,000

-- Bed
8 Baths
2,138 Sq Ft
$340/Sq Ft Est. Value

Last Sold December 15, 2016

Last sale price $295,000 $138 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $3,947/month

51 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available

About This Home

As of December 2016

Built in 2004 & 100% occupied! New Exterior Paint! Paradise Valley School District! All units are 3 bed/2 bath. All Units have Washer & Dryer Hookups, Ceiling Fans & Covered Parking. HOA pays for Water/Sewer/Trash, Insurance & Landscape Maintenance. 4 plex
parcel can be financed with traditional residential financing. Easy to rent/100% Occupied!

Last Agent to Sell the Property

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 07/26/2016

Keller Williams Arizona Realty

Co-Listed By

Kerry Keezer

72SOLD License #SA643532000

Last Buyer's Agent

John Klocek

ABI Multifamily License #SA657592000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,614

Year Built

  • Built in 2004

Lot Details

  • 3,398

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Schools

  • Palomino Primary Elementary School
  • Greenway Middle School
  • Paradise Valley High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • Tax Lot 1
  • Assessor Parcel Number 214-40-413

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • 27Th Of Paradise Condominiums 2Nd Amd Subdivision

Building Details

  • Operating Expense $16,860
  • Gross Income $34,320
  • Net Operating Income $20,768

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,614

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: North Cave Creek Road & Greenway Pkwy
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2004
  • Tax Year: 2015
  • Directions: West on Greenway Pkwy from Hwy 51 - Right on Waltann Lane to 27th - Left on 27th .30 miles to property on left
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2746.0
  • Co List Office Mls Id: kwaz10
  • Co List Office Phone: 480-767-3000
  • Subdivision Name: 27TH OF PARADISE CONDOMINIUMS 2ND AMD
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Schools

  • Elementary School: Palomino Primary School
  • High School: Paradise Valley High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Greenway Middle School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 214-40-413

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 34320.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 20768.0
  • Annual Operating Expense: 16860.0

Tax Info

  • Tax Annual Amount: 1614.0
  • Tax Book Number: 214.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2019
Sold by
Savin Llc
Bought by
Luna Santiago and Luna Juana
Current Estimated Value
$727,000

Purchase Details

Closed on
Feb 11, 2005
Sold by
27Th Of Paradise Llc
Bought by
Hoyer Janis
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Luna Santiago $890,000 Old Republic Title Agency
Hoyer Janis $393,360 Capital Title Agency Inc
Ervin Mark $460,000 Capital Title Agency Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2016 12/15/16 Sold $295,000 -4.8% $138 / Sq Ft
11/02/2016 11/02/16 Price Changed $309,750 0.0% $145 / Sq Ft
09/15/2016 09/15/16 Pending -- -- --
07/26/2016 07/26/16 For Sale $309,750 -- $145 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,121 $11,261 -- --
2024 $1,097 $10,725 -- --
2023 $1,097 $48,400 $10,740 $37,660
2022 $1,086 $34,900 $7,740 $27,160
2021 $1,090 $33,210 $7,370 $25,840
2020 $1,056 $32,270 $7,160 $25,110
2019 $1,057 $28,730 $6,370 $22,360
2018 $1,023 $25,570 $5,670 $19,900
2017 $980 $21,230 $4,710 $16,520
2016 $964 $20,920 $4,640 $16,280
2015 $893 $19,360 $1,070 $18,290
Source: Public Records

Agents Affiliated with this Home

  • Rick Horst

    Seller's Agent in 2016

    Rick Horst

    Keller Williams Arizona Realty

    (480) 767-3014

    4 in this area

    37 Total Sales

    Rick Horst
    Section Image
  • Kerry Keezer

    Seller Co-Listing Agent in 2016

    Kerry Keezer

    72SOLD

    (480) 760-1494

    17 in this area

    57 Total Sales

    Kerry Keezer
    Section Image
  • John Klocek

    Buyer's Agent in 2016

    John Klocek

    ABI Multifamily

    (602) 639-0088

    25 Total Sales

    John Klocek
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5475412

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-413

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

16040 N 27th St Unit 1, Phoenix, AZ

This home is located at 16040 N 27th St Unit 1, Phoenix, AZ 85032 since 26 July 2016 and is currently estimated at $727,000, approximately $340 per square foot. This property was built in 2004. 16040 N 27th St Unit 1 is a home located in Maricopa County with nearby schools including Palomino Primary School, Palomino Intermediate School, and Greenway Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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