NOT LISTED FOR SALE
16 Beds
8 Baths
625 Sq Ft
1981 Built

Sale Details

Date Sold: August 28, 2023

Last sale price $3,200,000 $5,120 Per Sq Ft

12 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Heating unit installed on the ceiling
  • Paradise Valley High School Rated A

About This Home

As of August 2023

This home is located at 16243 N 31st St, Phoenix, AZ 85032 since 15 June 2023. This property was built in 1981. 16243 N 31st St is a home located in Maricopa County with nearby schools including Palomino Intermediate School, Palomino Primary School, and Greenway Middle School.

Last Agent to Sell the Property

Paul Bay

Marcus & Millichap License #SA671037000 Listed on: 06/15/2023

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,423

Year Built

  • Built in 1981

Home Design

  • Tile Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Vinyl

Parking

  • 40 Open Parking Spaces
  • 40 Parking Spaces

Utilities

  • Cooling Available
  • Heating unit installed on the ceiling
  • Individual Controls for Heating

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer
  • Tax Lot 18
  • Assessor Parcel Number 214-31-018-C

Community Details

Overview

  • 8 Buildings
  • 16 Units
  • Building Dimensions are 47154

Building Details

  • Operating Expense $63,380
  • Gross Income $236,477
  • Net Operating Income $182,455

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,423

Year Built

Built in 1981

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 8
  • Year Built: 1981
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Professional Management Expense: 11558.0
  • Tax Parcel Letter: C
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Wood
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Tile
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 40.0
  • Total Parking Spaces: 40.0
  • General Property Description:Uncvrd Parking Spcs: 40.0
  • General Property Description:Total Parking Spcs: 40.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Ceiling: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 2000.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 47154
  • Additional Parcels: Yes
  • Parcel #: 214-31-018-C

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 16
  • Electric Expense: 19467.0
  • Annual Gross Income: 236476.85
  • Insurance Expense: 4532.0
  • Maintenance Expense: 6800.0
  • Property Net Operating Income: 182455.0
  • Annual Operating Expense: 63380.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 5423.0
  • Tax Book Number: 214.00
  • Tax Lot: 18

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2023
Closed on
Aug 28, 2023
Sold by
Golnazarian Holdings Llc and Amloc Real Estate Group Llc
Bought by
Seller's Agent
Paul Bay
Marcus & Millichap
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$3,450,000
Sold Price
$3,200,000
Premium/Discount to List
-$250,000
-7.25%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,056,000
Outstanding Balance
$1,341,719
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2021
Sold by
Vash Peter D and Vash Barbara Waters
Bought by
Golnazarian Holdings Llc and Amloc Real Estate Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.05%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 6, 2014
Sold by
Dramms Llc
Bought by
Vash Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.95%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 26, 2004
Sold by
Layton Clay C and Layton Barbara A
Bought by
Dramms Llc

Purchase Details

Closed on
Jul 22, 2004
Sold by
American Pension Services Inc
Bought by
Dramms Llc

Purchase Details

Closed on
Jun 25, 2004
Sold by
Travis Alan R and Travis Mary J
Bought by
Equity Enterprises Nevada Inc

Purchase Details

Closed on
Jun 25, 2001
Sold by
Swan Nina L
Bought by
Travis Alan R and Travis Mary J
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Paradise Valley Village, AZ

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,200,000 Stewart Title & Trust Of Phoen
Golnazarian Holdings Llc $2,500,000 Chicago Title Agency Inc
Vash Family Trust $700,000 First American Title
Dramms Llc $200,000 Fidelity National Title
Dramms Llc $600,000 Fidelity National Title
Equity Enterprises Nevada Inc $75,000 Chicago Title Insurance Co
Travis Alan R $50,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,056,000
Previous Owner Golnazarian Holdings Llc $2,000,000
Previous Owner Vash Family Trust $350,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/28/2023 08/28/23 Sold $3,200,000 -7.2% $5,120 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $3,450,000 -- $5,520 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,924 $48,180
2024 $4,695 $45,886
2023 $4,695 $188,480 $20,940 $167,540
2022 $4,648 $119,750 $13,300 $106,450
2021 $4,662 $101,320 $11,250 $90,070
2020 $4,518 $85,090 $9,450 $75,640
2019 $4,524 $69,460 $7,710 $61,750
2018 $4,375 $57,110 $6,340 $50,770
2017 $4,194 $53,930 $5,990 $47,940
2016 $4,124 $48,830 $5,420 $43,410
2015 $3,819 $38,660 $4,290 $34,370
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6569361

Arizona Regional Multiple Listing Service (ARMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.