NOT LISTED FOR SALE

16428 N 32nd St Phoenix, AZ 85032

Paradise Valley Neighborhood

Estimated Value: $1,768,772

-- Bed
-- Bath
15,676 Sq Ft
$113/Sq Ft Est. Value

Last Sold February 23, 2024

Last sale price $1,900,000 $121 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $11,643/month

106 Days on Market

Highlights

  • 1.12 Acre Lot
  • Central Air
  • Heat Pump System
  • Paradise Valley High School Rated A
  • Concrete Flooring

About This Home

As of February 2024

An excellent owner user building or as an investment. Paradise Place is located just south of E. Bell Road on 32nd Street. Twelve suites with several combined for the 8 tenants. Tenants include a hair salon, income tax store front, check cashing, used bookstore and a Fascinations retail store. Several tenants are on on ''month-to-month'' leases. End-cap location would work well for a carniceria or a specialty retail use desiring a presence on 32nd Street. 45 parking space.

Last Agent to Sell the Property

Thomas Keck

West USA Realty License #SA507106000 Listed on: 10/19/2023

West USA Realty

Last Buyer's Agent

Werner Von Borries

Special Agent License #BR520844000

Special Agent

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $24,973

Year Built

  • Built in 1986

Lot Details

  • 1.12 Acre Lot
  • Block Wall Fence
  • Property is zoned C-2

Home Design

  • Block Exterior
  • Stucco

Interior Spaces

  • 15,676 Sq Ft Home
  • Concrete Flooring

Parking

  • 45 Open Parking Spaces
  • 45 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 214-31-014-B

Community Details

Overview

  • Kay Acres 3 Lots 1 25 Subdivision

Building Details

  • Operating Expense $24,973
  • Gross Income $15,634

Property Details

Property Type

Other

Est. Annual Taxes

$24,973

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: 32nd St. & E. Bell Rd.
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2022
  • Directions: East or West on Bell Rd. to 32nd Street then south on 32nd Street to the property which is located on the West side of the street.
  • Lot Size Acres: 1.12
  • Road Surface Type: Dedicated Street
  • Subdivision Name: KAY ACRES 3 LOTS 1-25
  • Structure Type: Commercial
  • Tax Parcel Letter: B
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 15676.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 45.0
  • Total Parking Spaces: 45.0
  • General Property Description:Uncvrd Parking Spcs: 45.0
  • General Property Description:Total Parking Spcs: 45.0
  • Parking Features Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 48805.0
  • Parcel #: 214-31-014-B
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 15634.0
  • Annual Operating Expense: 24972.54

Tax Info

  • Tax Annual Amount: 24972.54
  • Tax Book Number: 214.00
  • Tax Lot: 14
  • Tax Map Number: 31.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2023
Closed on
Mar 4, 2024
Sold by
Eid Abraham
Bought by
Mda Paradise Llc
Seller's Agent
Thomas Keck
West USA Realty
Buyer's Agent
Werner Von Borries
Special Agent
List Price
$2,200,000
Sold Price
$1,900,000
Premium/Discount to List
-$300,000
-13.64%
Views
52
Current Estimated Value
$1,768,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$131,228
Avg. Annual Appreciation
-4.20%

Purchase Details

Closed on
Jan 13, 2017
Sold by
Old Hart Rd Llc
Bought by
Eid Karim and Eid Adele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$897,000
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2006
Sold by
Bp Properties
Bought by
Paradise Place Venture Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 1995
Sold by
Farmers New World Life Insurance Company
Bought by
Bp Properties
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mda Paradise Llc $1,800,000 Magnus Title Agency
Eid Karim $1,380,000 Fidelity Natl Title Agency I
Old Hart Rd Llc -- Fidelity National Title
Paradise Place Venture Llc -- Chicago Title Insurance Co
Bp Properties $425,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eid Karim $897,000
Previous Owner Paradise Place Venture Llc $1,275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $1,900,000 -9.5% $121 / Sq Ft
01/10/2024 01/10/24 Price Changed $2,100,000 -4.5% $134 / Sq Ft
10/19/2023 10/19/23 For Sale $2,200,000 -- $140 / 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 $24,293 $236,656 -- --
2024 $24,505 $232,430 -- --
2023 $24,505 $257,805 $79,628 $178,177
2022 $24,973 $241,431 $71,278 $170,153
2021 $25,762 $249,768 $73,314 $176,454
2020 $24,965 $257,256 $73,242 $184,014
2019 $24,998 $251,334 $67,698 $183,636
2018 $24,178 $258,156 $75,942 $182,214
2017 $23,176 $239,994 $75,942 $164,052
2016 $22,789 $224,316 $73,908 $150,408
2015 $21,690 $172,402 $57,313 $115,089
Source: Public Records

Agents Affiliated with this Home

  • Thomas Keck

    Seller's Agent in 2024

    Thomas Keck

    West USA Realty

    (602) 942-1410

    2 in this area

    10 Total Sales

    Thomas Keck
    Section Image
  • Werner Von Borries

    Buyer's Agent in 2024

    Werner Von Borries

    Special Agent

    (480) 834-4840

    2 in this area

    78 Total Sales

    Werner Von Borries
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6619708

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-31-014B

Arizona Maricopa County Phoenix 85032 Paradise Valley

16428 N 32nd St, Phoenix, AZ

This home is located at 16428 N 32nd St, Phoenix, AZ 85032 since 19 October 2023 and is currently estimated at $1,768,772, approximately $112 per square foot. This property was built in 1986. 16428 N 32nd St 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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