NOT LISTED FOR SALE

16040 N 27th St Unit 5 Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $575,496 - $806,000

12 Beds
-- Bath
4,276 Sq Ft
$163/Sq Ft Est. Value

Last Sold October 27, 2017

Last sale price $307,500 $72 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $3,778/month

11 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Ceiling Fan
  • Heat Pump System
  • Central Air

About This Home

As of October 2017

GREAT-INVESTMENT-OPPORTUNITY BUILT-IN 2004~FULLY OCCUPIED 4-PLEX~ALL UNITS - 3 BEDROOM/ 2 BATH~ALL UNITS HAVE FULL-SIZE APPLIANCES INCLUDED, REFRIGERATORS, RANGES, DISHWASHERS & FULL-SIZE WASHERS/DRYERS IN UNITS~UNITS W/PRIVATE MSTR BD SUITES WHICH INCLUDE PRIVATE MSTR BATH & WALK-IN CLOSETS~GOOD-SIZED SECONDARY BEDROOMS & SECOND BATH~HUGE LIVING ROOMS & EAT-IN KITCHENS MOST W/GRANITE COUNTER-TOPS~ALL UNITS HAVE BEEN WELL MAINTAINED W/NO DEFERRED MAINTENANCE~CURRENT-PROPERTY-MNMGT. SINCE 2004~LOW MAINTENANCE COSTS & GOOD-CASH-FLOW~WHEN UNITS BECOME VACANT, THEY DO NOT STAY VACANT~HOA IS PROFESSIONALLY MANAGED & INCLUDES WATER/SEWER & TRASH/LANDSCAPE MAINT~PARADISE VALLEY SCHOOL DISTRICT~CAN BE FINANCED W/TRADITIONAL RES. FINCANCING~DRIVE-BY ONLY-DO NOT DISTURB!

Last Agent to Sell the Property

Sherry Mcqueen

CTS Realty License #BR534071000 Listed on: 09/16/2017

Co-Listed By

Chalyce McQueen

CTS Realty License #BR625104000

Last Buyer's Agent

Chunhui Ruan

Delex Realty License #SA535860000

Delex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $964

Year Built

  • Built in 2004

Lot Details

  • 3,398

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • Tax Lot 5
  • Assessor Parcel Number 214-40-417

Community Details

Overview

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

Building Details

  • Operating Expense $15,676
  • Gross Income $39,531
  • Net Operating Income $16,946

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$964

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: 2016
  • 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, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 2640.0
  • Co List Office Mls Id: trlg01
  • Co List Office Phone: 602-795-0341
  • Subdivision Name: 27TH OF PARADISE CONDOMINIUMS 2ND AMD
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: 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, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual, Electric, Ceiling Fan(s)
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Interior Amenities:Fire Sprinklers2: 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 #: 214-40-417

Multi Family

  • Owner Pays: None
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 39531.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1989.0
  • Property Net Operating Income: 16946.0
  • Annual Operating Expense: 15676.0

Tax Info

  • Tax Annual Amount: 964.0
  • Tax Book Number: 214.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2017
Closed on
Oct 20, 2017
Sold by
Taylor Joseph and Taylor Debbie S
Bought by
Wang Xiaomao and Qian Hong
Seller's Agent
Sherry Mcqueen
CTS Realty
Buyer's Agent
Chunhui Ruan
Delex Realty
List Price
$305,900
Sold Price
$307,500
Premium/Discount to List
$1,600
0.52%
Current Estimated Value
$695,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$387,624
Avg. Annual Appreciation
10.83%

Purchase Details

Closed on
Dec 10, 2010
Sold by
Taylor Joseph
Bought by
Taylor Joseph and Taylor Debbie S

Purchase Details

Closed on
Sep 23, 2010
Sold by
Fannie Mae
Bought by
Taylor Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,625
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2010
Sold by
Ramirez Len and Ramirez Arlene
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 25, 2005
Sold by
Esayian Nicholas and Esayian Carrie
Bought by
Ramirez Len and Ramirez Arlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,400
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2005
Sold by
27Th Of Paradise Llc
Bought by
Mcgee Rosie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,400
Interest Rate
6.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Wang Xiaomao $307,500 Driggs Title Agency Inc
Taylor Joseph -- Accommodation
Taylor Joseph $171,500 Lawyers Title Of Arizona Inc
Federal National Mortgage Association $425,365 First American Title
Ramirez Len $473,200 Capital Title Agency Inc
Mcgee Rosie $393,360 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor Joseph $128,625
Previous Owner Ramirez Len $378,400
Closed Ramirez Len $47,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2017 10/27/17 Sold $307,500 +0.5% $72 / Sq Ft
09/16/2017 09/16/17 For Sale $305,900 -- $72 / 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

  • S

    Seller's Agent in 2017

    Sherry Mcqueen

    CTS Realty

    (602) 672-0872

    9 in this area

    53 Total Sales

    Sherry Mcqueen
    Section Image
  • Chalyce McQueen

    Seller Co-Listing Agent in 2017

    Chalyce McQueen

    CTS Realty

    (602) 525-5665

    6 in this area

    44 Total Sales

    Chalyce McQueen
    Section Image

  • C

    Buyer's Agent in 2017

    Chunhui Ruan

    Delex Realty

    7 Total Sales

    Chunhui Ruan
    Section Image

  • R

    Buyer's Agent in 2017

    Randy Ruan

    Realty One Group

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5661509

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-417

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

16040 N 27th St Unit 5, Phoenix, AZ

This home is located at 16040 N 27th St Unit 5, Phoenix, AZ 85032 since 16 September 2017 and is currently estimated at $695,124, approximately $162 per square foot. This property was built in 2004. 16040 N 27th St Unit 5 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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