NOT LISTED FOR SALE

16243 N 28th Place Phoenix, AZ 85032

Paradise Valley Neighborhood

Estimated Value: $642,000 - $700,000

-- Bed
-- Bath
3,600 Sq Ft
$184/Sq Ft Est. Value

Last Sold June 03, 2019

Last sale price $1,440,000 $400 Per Sq Ft

Current estimated payment $3,823/month

32 Days on Market

About This Home

As of June 2019

The 28th Place Fourplexes offer a unique opportunity to assemble four separate fourplexes (total 16 units) in a cul de sac location in North Central Phoenix. All units are 2 bed/2 bath with in unit washer and dryer. Rents well below current market offer a great value add opportunity to strategically refresh interiors and improve curb side appeal to garner higher rents in a growing submarket. Listing includes 4 fourplexes which can be assembled or sold separately. (214-31-290, 214-31-291, 214-31-288, 214-31-286). See MLS#5891334 for individual fourplex listing.

Last Agent to Sell the Property

Victoria Miachika

REI Marketing License #BR639322000 Listed on: 03/05/2019

Last Buyer's Agent

Hani Aldulaimi

Keller Williams Realty East Valley License #BR533683000

Keller Williams Realty East Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,018

Year Built

  • Built in 1982

Lot Details

  • 0.27

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 214-31-290

Community Details

Overview

  • 4 Buildings
  • 16 Units
  • Building Dimensions are 1.2
  • Grandview Estates Lot 1 6 Subdivision

Building Details

  • Operating Expense $2,018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,018

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Grandview Road & 29th Street Directions
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 4
  • Year Built: 1982
  • Tax Year: 4970
  • Directions: South of Bell, East of 29th Street off of Grandview road on North 28th Place Cul de Sac.
  • Road Surface Type: Asphalt
  • Subdivision Name: GRANDVIEW ESTATES LOT 1-6
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Frame - Wood
  • Roof: See Remarks, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • 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

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 1.2
  • Additional Parcels: No
  • Parcel #: 214-31-290

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 16
  • Annual Operating Expense: 2018.0

Tax Info

  • Tax Annual Amount: 2018.0
  • Tax Book Number: 214.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2019
Closed on
May 30, 2019
Sold by
Mktomm Investments Llc
Bought by
7813 Llc
Seller's Agent
Victoria Miachika
REI Marketing
Buyer's Agent
Hani Aldulaimi
Keller Williams Realty East Valley
List Price
$1,596,000
Sold Price
$1,440,000
Premium/Discount to List
-$156,000
-9.77%
Total Days on Market
32
Current Estimated Value
$664,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$776,000
Avg. Annual Appreciation
-10.70%
Original Mortgage
$864,000
Outstanding Balance
$772,110
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
-$44,443

Purchase Details

Closed on
Sep 16, 2010
Sold by
Wasta Llc
Bought by
Mktomm Investments Llc

Purchase Details

Closed on
Jul 2, 2010
Sold by
The Bank Of New York Mellon
Bought by
Wasta Llc

Purchase Details

Closed on
Jun 14, 2004
Sold by
Tauber Jack
Bought by
Kasabasic Spiro and Kasabasic Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 1998
Sold by
Capasso Vincent
Bought by
Tauber Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 1997
Sold by
Haddy Larry G and Haddy Stephanie
Bought by
Capasso Vincent and Capasso Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,600
Interest Rate
7.57%
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
7813 Llc $1,440,000 American Title Svc Agcy Llc
Mktomm Investments Llc $101,000 American Title Service Agenc
Wasta Llc $75,500 Great American Title Agency
Kasabasic Spiro $315,000 Capital Title Agency Inc
Tauber Jack $125,000 Security Title Agency
Capasso Vincent $114,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 7813 Llc $864,000
Previous Owner Kasabasic Spiro $252,000
Previous Owner Tauber Jack $96,000
Previous Owner Capasso Vincent $102,600
Closed Kasabasic Spiro $31,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2019 06/03/19 Sold $1,440,000 -5.3% $400 / Sq Ft
05/14/2019 05/14/19 Price Changed $1,520,000 0.0% $422 / Sq Ft
04/05/2019 04/05/19 Pending -- -- --
03/18/2019 03/18/19 Price Changed $1,520,000 -4.8% $422 / Sq Ft
03/04/2019 03/04/19 For Sale $1,596,000 -- $443 / 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 $1,370 $13,764 -- --
2024 $1,341 $13,109 -- --
2023 $1,341 $45,470 $9,090 $36,380
2022 $1,328 $30,410 $6,080 $24,330
2021 $1,332 $28,750 $5,750 $23,000
2020 $1,291 $25,130 $5,020 $20,110
2019 $1,292 $20,310 $4,060 $16,250
2018 $1,250 $19,620 $3,920 $15,700
2017 $1,198 $16,660 $3,330 $13,330
2016 $1,178 $14,510 $2,900 $11,610
2015 $1,091 $11,730 $2,340 $9,390
Source: Public Records

Agents Affiliated with this Home

  • Victoria Miachika

    Seller's Agent in 2019

    Victoria Miachika

    REI Marketing

    (602) 459-0353

    13 Total Sales

    Victoria Miachika
    Section Image

  • H

    Buyer's Agent in 2019

    Hani Aldulaimi

    Keller Williams Realty East Valley

    (480) 839-6600

    1 in this area

    30 Total Sales

    Hani Aldulaimi
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5891332

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-31-290

Arizona Maricopa County Phoenix 85032 Paradise Valley

16243 N 28th Place, Phoenix, AZ

This home is located at 16243 N 28th Place, Phoenix, AZ 85032 since 05 March 2019 and is currently estimated at $664,000, approximately $184 per square foot. This property was built in 1982. 16243 N 28th Place 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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