Kari Gutierrez
HomeSmart
(602) 497-3643
51 Total Sales
3 in Paradise Valley Village
$474K - $530K Price Range
2502 E Paradise Ln Phoenix, AZ 85032
Paradise Valley Village Neighborhood
8
Beds
8
Baths
1,900
Sq Ft
1974
Built
Highlights
- Ceramic Tile Flooring
- Central Heating and Cooling System
- Ceiling Fan
About This Home
As of November 2019Great income producing 4plex with empty lot for future building potential. Check county zoning requirements for verification on building. Two of the units have been remodeled. And a couple units have new appliances.
Still upsides on rent. All units are 2 bedroom/2 baths. 3 of the 4 HVAC units have been replaced in the last 2 years.
*Drive by only, all units occupied. Units can be viewed during due diligence period.
Tenants pay electric, Landlord pays water/sewer/trash and front yard landscaping.
Last Agent to Sell the Property
HomeSmart Realty License #SA566871000 Listed on: 09/23/2019
Last Buyer's Agent
Raiza Schwartz
Real Broker License #SA636532000
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,813
Year Built
- Built in 1974
Home Design
- Composition Roof
- Block Exterior
- Stucco
Flooring
- Ceramic Tile
- Vinyl
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Paved Parking
Schools
- Palomino Primary Elementary School
- Greenway Middle School
- North Canyon High School
Additional Features
- Ceiling Fan
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot Tract A
- Assessor Parcel Number 214-40-031-F
Community Details
Overview
- 4 Units
- Building Dimensions are 27,842
- Kay Acres Subdivision
Building Details
- Operating Expense $8,242
- Gross Income $41,325
- Net Operating Income $34,977
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
Sep 23, 2019
Closed on
Oct 3, 2019
Sold by
Ares Group Llc
Bought by
Seller's Agent
Sara Medina
HomeSmart Realty
Buyer's Agent
Raiza Schwartz
Real Broker
List Price
$495,000
Sold Price
$495,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,750
Outstanding Balance
$256,056
Interest Rate
3.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 13, 2019
Sold by
Medina Enterprises Llc
Bought by
Ares 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
$420,750
Outstanding Balance
$256,056
Interest Rate
3.2%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 17, 2016
Closed on
Oct 31, 2016
Sold by
Angel Nicole and Angel Jody
Bought by
Union Equity Llc
Seller's Agent
Stephen Thompson
Seven Commercial
Buyer's Agent
Nick Medina
Geneva Real Estate and Investments
List Price
$330,000
Sold Price
$310,000
Premium/Discount to List
-$20,000
-6.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
3.48%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 17, 2016
Closed on
Oct 20, 2016
Sold by
Union Equity Llc
Bought by
Medina Enterprises Llc
Seller's Agent
Stephen Thompson
Seven Commercial
Buyer's Agent
Nick Medina
Geneva Real Estate and Investments
List Price
$330,000
Sold Price
$310,000
Premium/Discount to List
-$20,000
-6.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
3.48%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 2, 2016
Sold by
Angel Jody D
Bought by
Union Equity Llc
Purchase Details
Closed on
Jun 4, 2013
Sold by
Angel Jody D
Bought by
Union Equity Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,600
Interest Rate
3.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 31, 2013
Sold by
Union Equity Llc
Bought by
Angel Jody D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,600
Interest Rate
3.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 21, 2005
Sold by
Angel Jody D
Bought by
Union Equity Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.63%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 5, 2005
Sold by
Union Equity Llc
Bought by
Angel Jody D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.63%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 27, 2004
Sold by
Vasquez Jessica
Bought by
Kma Associates Llc
Purchase Details
Closed on
Apr 13, 2004
Sold by
Frandsen James E
Bought by
Vasquez Jessica and Twenty Five Paradise Lane Trust
Purchase Details
Closed on
Jun 25, 2003
Sold by
Kma Associates Llc
Bought by
Union Equity Llc
Purchase Details
Closed on
Nov 9, 1993
Sold by
Frandsen James E
Bought by
The James E Frandsen Trust and Frandsen James E
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Paradise Valley Village, AZ
-
Kari Gutierrez
-
Heather Scriven
Heather Scriven
Jason Mitchell Real Estate
(888) 621-0895
90 Total Sales
2 in Paradise Valley Village
$350K - $550K Price Range
-
Marlene Cerreta
Marlene Cerreta
Cerreta Real Estate
(623) 304-8738
145 Total Sales
2 in Paradise Valley Village
$115K - $360K Price Range
-
Braden Johnson
Braden Johnson
Limitless Real Estate
(877) 629-6469
150 Total Sales
2 in Paradise Valley Village
$355K - $655K Price Range
-
Chris Lundberg
Chris Lundberg
Redeemed Real Estate
(623) 400-5946
143 Total Sales
2 in Paradise Valley Village
$355K - $1.6M Price Range
-
John Decker
John Decker
Realty ONE Group
(928) 442-7463
61 Total Sales
1 in Paradise Valley Village
$160,000 Price
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 |
|---|---|---|---|
| $495,000 | Lawyers Title Of Arizona Inc | ||
| Ares Group Llc | -- | None Available | |
| Union Equity Llc | -- | Magnus Title Agency | |
| Medina Enterprises Llc | $310,000 | Magnus Title Agency | |
| Union Equity Llc | -- | None Available | |
| Union Equity Llc | -- | None Available | |
| Angel Jody D | -- | Title Source | |
| Union Equity Llc | -- | Lsi Title Co | |
| Angel Jody D | -- | Lsi Title Co | |
| Angel Jody D | -- | Lsi Title Co | |
| Kma Associates Llc | $237,000 | Transnation Title | |
| Vasquez Jessica | $212,000 | Transanation Title | |
| Union Equity Llc | -- | -- | |
| The James E Frandsen Trust | -- | -- |
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 | $420,750 | ||
| Previous Owner | Medina Enterprises Llc | $248,000 | |
| Previous Owner | Angel Jody D | $211,600 | |
| Previous Owner | Angel Jody D | $240,000 | |
| Previous Owner | Union Equity Llc | $240,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 11/05/2019 11/05/19 | Sold | $495,000 | 0.0% | $261 / Sq Ft | |
| 09/26/2019 09/26/19 | Pending | -- | -- | -- | |
| 09/23/2019 09/23/19 | For Sale | $495,000 | +59.7% | $261 / Sq Ft | |
| 11/03/2016 11/03/16 | Sold | $310,000 | -6.1% | $163 / Sq Ft | View Prior Sale |
| 08/17/2016 08/17/16 | For Sale | $330,000 | -- | $174 / 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 |
|---|---|---|---|---|
| 2021 | $1,810 | $42,020 | $8,400 | $33,620 |
| 2020 | -- | $37,480 | $7,490 | $29,990 |
| 2019 | -- | $29,120 | $5,820 | $23,300 |
| 2018 | -- | $27,930 | $5,580 | $22,350 |
| 2017 | -- | $22,480 | $4,490 | $17,990 |
| 2016 | -- | $27,810 | $5,560 | $22,250 |
| 2015 | -- | $24,170 | $4,830 | $19,340 |
Source: Public Records
Agents Affiliated with this Home
-
Sara Medina
Seller's Agent in 2019
Sara Medina
HomeSmart Realty
(602) 614-1844
3 Total Sales
-
RS
Buyer's Agent in 2019
Raiza Schwartz
Real Broker
-
Stephen Thompson
ST
Seller's Agent in 2016
Stephen Thompson
Seven Commercial
(480) 317-2231
3 Total Sales
-
George Gibson III
GG
Seller Co-Listing Agent in 2016
George Gibson III
Arizona Investment & Mgt, LLC
(602) 277-7368
2 Total Sales
-
NM
Buyer's Agent in 2016
Nick Medina
Geneva Real Estate and Investments
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5983191
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
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