Alexandra Komichak
Responds Quickly
eXp Realty
(412) 912-4506
67 Total Sales
6 in Paradise Valley Village
$550K - $1.1M Price Range
2424 E Grandview Rd Phoenix, AZ 85032
Paradise Valley Village Neighborhood
1
Bed
1
Bath
600
Sq Ft
1984
Built
Highlights
- Private Pool
- Desert Landscape
- Heating Available
- Partially Fenced Property
About This Home
As of July 2013Grandview Terrace is a 36-unit apartment community located in North Phoenix. Located on East Grandview Road, west of the SR-51 Freeway, and east of Cave Creek Road, near Lookout Mountain, Paradise Valley Community College, Costco, Arizona Christian University, shopping, schools, and plenty of transportation options. Property is being sold ''As-Is.'' For the investor: This property offers the rare opportunity to acquire 80s vintage apartments (fully rehabbed in 2012). Projected gross potential rent of $234,000, less 12% vacancy of $28,080 per year, added income of $2,200, equals $208,120 adjusted gross income. After expenses of $101,176, the pro forma net operating income is $106,944. This is a 8.23% CAP RATE!
Last Agent to Sell the Property
Natan Jacobs
Vestis Group License #BR525576000 Listed on: 05/28/2013
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
- $10,034
Year Built
- Built in 1984
Lot Details
- Partially Fenced Property
- Desert Landscape
- Additional Parcels
Home Design
- Composition Roof
- Block Exterior
- Stucco
Parking
- 52 Parking Spaces
- Carport
- Free Parking
- Paved Parking
- Additional Parking
- 16 Open Parking Spaces
Pool
- Private Pool
- Pool Equipment or Cover
Utilities
- Cooling Available
- Heating Available
- Separate Meters
- Natural Gas Not Available
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for water, sewer, trash collection, landscaping, pool maintenance
- Tax Lot 16
- Assessor Parcel Number 214-27-002-D
Community Details
Overview
- 3 Buildings
- 36 Units
- Building Dimensions are IRR
- Grandview Terrace Apartments Subdivision
Recreation
- Heated Community Pool
Building Details
- Operating Expense $101,176
- Gross Income $207,856
- Net Operating Income $111,624
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
Closed on
Apr 1, 2020
Sold by
2424 Grandview Apartments Llc
Bought by
Purchase Details
Closed on
Jul 3, 2018
Sold by
2424 Grandview Apartments Llc
Bought by
2424 Grandview Apartments Llc
Purchase Details
Closed on
Apr 6, 2018
Sold by
Parkway 2001 Llc
Bought by
2424 Grandview Apartments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,758,750
Interest Rate
4.4%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 23, 2016
Sold by
2424 East Grandview Llc
Bought by
Parkway 2001 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,099,000
Interest Rate
3.65%
Mortgage Type
Commercial
Purchase Details
Listed on
May 28, 2013
Closed on
Jul 9, 2013
Sold by
Woodridge Manor Holding Inc
Bought by
2424 East Grandview Llc
Seller's Agent
Natan Jacobs
Vestis Group
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$1,300,000
Sold Price
$1,350,000
Premium/Discount to List
$50,000
3.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,012,500
Interest Rate
3.79%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 7, 2011
Sold by
The Svetozar Minic & Stana Minic Revocab
Bought by
Woodridge Manor Holdings Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
4.06%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 1, 2011
Sold by
First Management Llc
Bought by
The Svetozar Minic & Stana Minic Revocab
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
4.06%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 14, 2008
Sold by
Markovic Milija and Markovic Dragana
Bought by
First Management Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Interest Rate
6.07%
Mortgage Type
Seller Take Back
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Paradise Valley Village, AZ
-
Alexandra Komichak
-
Caitlin Bronsky
Caitlin Bronsky
Responds QuicklyReal Broker
(855) 793-9672
100 Total Sales
22 in Paradise Valley Village
$315K - $2.2M Price Range
-
Megan Faber
Megan Faber
Real Broker
(623) 323-5384
110 Total Sales
7 in Paradise Valley Village
$310K - $930K Price Range
-
Maya Minic
Maya Minic
eXp Realty
(480) 210-7210
41 Total Sales
1 in Paradise Valley Village
$170,000 Price
-
Scott Harris
Scott Harris
Edge Realty, LLC
(480) 372-8849
42 Total Sales
1 in Paradise Valley Village
$550,000 Price
-
Kari Gutierrez
Kari Gutierrez
HomeSmart
(602) 497-3643
51 Total Sales
3 in Paradise Valley Village
$474K - $530K Price Range
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 |
|---|---|---|---|
| $3,512,500 | Chicago Title Insurance Co | ||
| 2424 Grandview Apartments Llc | -- | Security Title Agency Inc | |
| 2424 Grandview Apartments Llc | $1,925,000 | Security Title Agency | |
| Parkway 2001 Llc | $1,570,000 | Security Title Agency Inc | |
| 2424 East Grandview Llc | $1,350,000 | Fidelity National Title Agen | |
| Woodridge Manor Holdings Inc | -- | Northwest Title Agency Inc | |
| The Svetozar Minic & Stana Minic Revocab | -- | None Available | |
| First Management Llc | $1,800,000 | Chicago Title Insurance Co |
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 |
|---|---|---|---|
| Previous Owner | $1,758,750 | ||
| Previous Owner | Parkway 2001 Llc | $1,099,000 | |
| Previous Owner | 2424 East Grandview Llc | $1,012,500 | |
| Previous Owner | Woodridge Manor Holdings Inc | $640,000 | |
| Previous Owner | First Management Llc | $1,450,000 |
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 |
|---|---|---|---|---|
| 07/10/2013 07/10/13 | Sold | $1,350,000 | +3.8% | $2,250 / Sq Ft |
| 05/31/2013 05/31/13 | Pending | -- | -- | -- |
| 05/28/2013 05/28/13 | For Sale | $1,300,000 | -- | $2,167 / 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 | $17,547 | $171,693 | ||
| 2024 | $16,733 | $163,517 | ||
| 2023 | $16,733 | $364,210 | $72,840 | $291,370 |
| 2022 | $16,565 | $301,760 | $60,350 | $241,410 |
| 2021 | $16,613 | $248,870 | $49,770 | $199,100 |
| 2020 | $16,100 | $192,180 | $38,430 | $153,750 |
| 2019 | $11,066 | $159,450 | $31,880 | $127,570 |
Source: Public Records
Agents Affiliated with this Home
-
NJ
Seller's Agent in 2013
Natan Jacobs
Vestis Group
-
Rick Horst
Buyer's Agent in 2013
Rick Horst
Keller Williams Arizona Realty
(480) 767-3014
2 in this area
32 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 4943606
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.
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
- 16605 N 23rd Place
- 16602 N 25th St Unit 215
- 16602 N 25th St Unit 230
- 16635 N Cave Creek Rd Unit 127
- 16225 N Cave Creek Rd Unit 46
- 16225 N Cave Creek Rd Unit 31
- 16225 N Cave Creek Rd Unit 50
- 16225 N Cave Creek Rd Unit 72
- 16225 N Cave Creek Rd Unit 140
- 2224 E Sandra Terrace
- 16033 N 25th St Unit 7
- 16608 N 22nd St
- 16113 N 26th Place
- 2709 E Phelps Rd
- 15818 N 25th St Unit 113
- 2713 E Juniper Ave
- 17150 N 23rd St Unit 243
- 15811 N 23rd St
- 2111 E Paradise Ln
- 2535 E Hartford Ave
- 2424 E Grandview Rd Unit 206
- 2424 E Grandview Rd Unit 104
- 2424 E Grandview Rd Unit 309
- 2424 E Grandview Rd Unit 302
- 16414 N 24th Place
- 16414 N 24th Place Unit 2
- 16414 N 24th Place Unit 1
- 16420 N 24th Place Unit 3
- 16420 N 24th Place Unit 1
- 16420 N 24th Place
- 16421 N Cave Creek Rd
- 16408 N 24th Place
- 16402 N 24th Place
- 16419 N 24th Place
- 16413 N 24th Place
- 16443 N Cave Creek Rd Unit 15
- 16407 N 24th Place
- 16401 N 24th Place
- 16440 N 25th St Unit 6
- 16440 N 25th St Unit 3
Your Personal Tour Guide
Ask me questions while you tour the home.