NOT LISTED FOR SALE

16040 N 27th St Unit 3 Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $695,000 - $806,000

-- Bed
-- Bath
4,276 Sq Ft
$170/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $310,500 $73 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $3,956/month

16 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available

About This Home

As of March 2016

Wow, don't miss this great income property of Paradise Ln Condominiums in Phoenix! * This is a traditional sale and 100% occupied property features 4 units 3 bed, 2 bath 1060 Sf. Each. Building has two levels, two units up and two down. Each unit is on the same level. Each unit has assigned cover parking port and is separately metered for electricity. Each unit includes a property owned washer/dryer set, refrigerator, stove and dishwasher! Property built in 2005 one unit has wood laminate flooring others have all title flooring. Hoa covers exterior maintenance, landscape, water /sewer trash and building insurance. Property in good shape and a nice area for a 4 plex and is a cash flow investment. Quick response from Local Seller and Seller Carry is an option. You won’t find anything with this price and 9 % cap rate. Centrally located in North Phoenix just 2 miles from SR51 and 5 miles from SR101. Abundant amounts of shopping within 5 miles radius, located in Paradise Valley School District.

Last Agent to Sell the Property

Aladin Abdin

Russ Lyon Sotheby's International Realty License #SA508080000 Listed on: 02/04/2016

Russ Lyon Sotheby's International Realty

Co-Listed By

Randy Abdin

HAZ Realty, LLC License #SA508416000

Last Buyer's Agent

Justin Baker

LPT Realty, LLC License #SA527046000

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $893

Year Built

  • Built in 2005

Lot Details

  • 3,398

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Wood
  • Ceramic Tile

Parking

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 3
  • Assessor Parcel Number 214-40-415

Community Details

Overview

  • 4 Units
  • Building Dimensions are 3404 Square feet
  • 27Th Of Paradise Condominiums 2Nd Amd Subdivision

Building Details

  • Operating Expense $10,493
  • Gross Income $33,300
  • Net Operating Income $29,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$893

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: Greenway Parkway & Cave Creek
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Res
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2005
  • Tax Year: 2015
  • Directions: Greenway East to 25th st , North to Paradise Ln. East to 27th street, property is on right side building 3
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril02
  • Co List Office Phone: 602-889-2135
  • Subdivision Name: 27TH OF PARADISE CONDOMINIUMS 2ND AMD
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: 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

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 3404 Square feet
  • Additional Parcels: No
  • Parcel #: 214-40-415

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 33300.0
  • Insurance Expense: 700.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 29000.0
  • Annual Operating Expense: 10493.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 893.0
  • Tax Book Number: 214.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2021
Sold by
Gw2015 Investments Llc
Bought by
Wang Xiaomao B and Qian Hong
Current Estimated Value
$728,617

Purchase Details

Listed on
Feb 4, 2016
Closed on
Feb 25, 2016
Sold by
Guan Li
Bought by
Gw2015 Investments Llc
Seller's Agent
Aladin Abdin
Russ Lyon Sotheby's International Realty
Buyer's Agent
Justin Baker
LPT Realty, LLC
List Price
$299,900
Sold Price
$310,500
Premium/Discount to List
$10,600
3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%

Purchase Details

Closed on
Oct 26, 2010
Sold by
Qiu Zhiyuan
Bought by
Guan Li

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2007
Sold by
Deprimo Frank
Bought by
Deprimo Frank and The Frank Deprimo Living Trust

Purchase Details

Closed on
Feb 25, 2005
Sold by
27Th Of Paradise Llc
Bought by
Esayian Nicholas and Esayian Carrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
7.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wang Xiaomao B $650,000 Priority Title & Escrow
Gw2015 Investments Llc $310,500 Lawyers Title Of Arizona Inc
Guan Li -- Lawyers Title Of Arizona Inc
Guan Li $170,000 Lawyers Title Of Arizona Inc
Deprimo Frank -- Lawyers Title Of Arizona Inc
Deprimo Frank -- None Available
Esayian Nicholas $393,360 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Deprimo Frank $127,500
Previous Owner Esayian Nicholas $308,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2016 03/31/16 Sold $310,500 +3.5% $73 / Sq Ft
02/20/2016 02/20/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $299,900 -- $70 / 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

  • Aladin Abdin

    Seller's Agent in 2016

    Aladin Abdin

    Russ Lyon Sotheby's International Realty

    (602) 448-3805

    9 in this area

    45 Total Sales

    Aladin Abdin
    Section Image

  • R

    Seller Co-Listing Agent in 2016

    Randy Abdin

    HAZ Realty, LLC

    (602) 818-8140

    4 in this area

    18 Total Sales

    Randy Abdin
    Section Image
  • Justin Baker

    Buyer's Agent in 2016

    Justin Baker

    LPT Realty, LLC

    (480) 330-7426

    1 in this area

    9 Total Sales

    Justin Baker
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5394153

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-415

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

16040 N 27th St Unit 3, Phoenix, AZ

This home is located at 16040 N 27th St Unit 3, Phoenix, AZ 85032 since 04 February 2016 and is currently estimated at $728,617, approximately $170 per square foot. This property was built in 2005. 16040 N 27th St Unit 3 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

Nearby Homes