NOT LISTED FOR SALE

2644 E Paradise Ln Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $480,432 - $684,000

-- Bed
3 Baths
3,233 Sq Ft
$186/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $350,000 $108 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,293/month

94 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating System Uses Natural Gas
  • Ceramic Tile Flooring

About This Home

As of November 2020

Good income potential in this 4plex with long term tenants. this 4plex offers one 3 bed, two 1 bed and one 2 bed. nice size gated lot with plenty of parking.

Last Agent to Sell the Property

Hend Faraj

Home Hunters Realty License #BR514100000 Listed on: 08/15/2020

Last Buyer's Agent

Vladimir Stoiljkovic

DeLex Realty License #SA655756000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,134

Year Built

  • Built in 1945

Lot Details

  • 10,149

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Construction or Metal Frame
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 18 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking

Schools

  • Paradise Valley High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • The owner pays for gas, electricity, water, sewer
  • Tax Lot 101
  • Assessor Parcel Number 214-40-033-D

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10308
  • Kay Acres Subdivision

Building Details

  • Operating Expense $8,509
  • Gross Income $42,000
  • Net Operating Income $34,625

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,134

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: GREENWAY & CAVE CREEK
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2019
  • Directions: NORTH ON CAVE CREEK TO EAST PARADISE TO 4-PLEX LOCATION.
  • Road Surface Type: Dedicated Street
  • Subdivision Name: KAY ACRES
  • Tax Parcel Letter: D
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: None, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Metal, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Frame - Metal: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 18.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Exterior Amenities:RVBoat Parking: Yes

Utilities

  • Electric: APS, Master Meter
  • Cooling: Ceiling Fan(s), Individual
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:TV Antenna: Yes

Fee Information

  • Annual Fuel Expense: 675.0
  • Annual Water Sewer Expense: 2400.0

Schools

  • High School: Paradise Valley High School
  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 10308
  • Additional Parcels: No
  • Parcel #: 214-40-033-D

Multi Family

  • Owner Pays: Gas, Electricity, Water, Sewer
  • Tenant Pays: None
  • Number Of Units Total: 4
  • Electric Expense: 1500.0
  • Annual Gross Income: 42000.0
  • Property Net Operating Income: 34625.0
  • Annual Operating Expense: 8509.0

Tax Info

  • Tax Annual Amount: 1134.0
  • Tax Book Number: 214.00
  • Tax Lot: 101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2020
Closed on
Nov 23, 2020
Sold by
2644 E Paradise L L C
Bought by
Bellos Properties Llc
Seller's Agent
Hend Faraj
Home Hunters Realty
Buyer's Agent
Vladimir Stoiljkovic
DeLex Realty
List Price
$370,000
Sold Price
$350,000
Premium/Discount to List
-$20,000
-5.41%
Current Estimated Value
$602,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,144
Avg. Annual Appreciation
11.79%

Purchase Details

Closed on
Aug 3, 2015
Sold by
Sayegh Raf N and Sayegh Dina R
Bought by
2644 E Paradise Llc

Purchase Details

Closed on
Jan 11, 2013
Sold by
2644 E Paradise Llc
Bought by
Sayegh Raf N and Sayegh Dina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,675
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2007
Sold by
Sayegh Raf N and Sayegh Dina R Hajal
Bought by
2644 E Paradise Llc

Purchase Details

Closed on
Nov 29, 2005
Sold by
Ammari Hussam N
Bought by
Sayegh Raf N and Sayegh Dina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,500
Interest Rate
6.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 1999
Sold by
Ammari Amanda
Bought by
Ammari Hussam N

Purchase Details

Closed on
Dec 20, 1994
Sold by
Goudreault William R
Bought by
Ammari Hussam N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,750
Interest Rate
11.62%

Purchase Details

Closed on
Oct 25, 1994
Sold by
Nelson Robert N
Bought by
Goudreault William R and Mcgill 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
$97,750
Interest Rate
11.62%
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
Bellos Properties Llc $350,000 Clear Title Agency Of Az
2644 E Paradise Llc -- None Available
Sayegh Raf N -- Title Source
2644 E Paradise Llc -- None Available
Sayegh Raf N -- None Available
Sayegh Raf N $254,000 Ticor Title Agency Of Az Inc
Ammari Hussam N -- Transnation Title Insurance
Ammari Hussam N -- Transnation Title Insurance
Ammari Hussam N -- Old Republic Title Agency
Goudreault William R $30,283 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sayegh Raf N $168,675
Previous Owner Sayegh Raf N $190,500
Previous Owner Ammari Hussam N $97,750
Previous Owner Goudreault William R $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2020 11/30/20 Sold $350,000 -5.4% $108 / Sq Ft
11/17/2020 11/17/20 Pending -- -- --
10/16/2020 10/16/20 For Sale $370,000 +5.7% $114 / Sq Ft
08/19/2020 08/19/20 Off Market $350,000 -- --
08/15/2020 08/15/20 For Sale $370,000 -- $114 / 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 $1,202 $12,075 -- --
2024 $1,177 $11,500 -- --
2023 $1,177 $44,460 $8,890 $35,570
2022 $1,165 $30,510 $6,100 $24,410
2021 $1,168 $27,830 $5,560 $22,270
2020 $1,132 $24,360 $4,870 $19,490
2019 $1,134 $19,550 $3,910 $15,640
2018 $1,097 $17,750 $3,550 $14,200
2017 $1,051 $15,080 $3,010 $12,070
2016 $1,034 $18,470 $3,690 $14,780
2015 $957 $15,400 $3,080 $12,320
Source: Public Records

Agents Affiliated with this Home

  • Hend Faraj

    Seller's Agent in 2020

    Hend Faraj

    Home Hunters Realty

    (602) 326-3333

    6 in this area

    37 Total Sales

    Hend Faraj
    Section Image

  • V

    Buyer's Agent in 2020

    Vladimir Stoiljkovic

    DeLex Realty

    (602) 451-5735

    1 in this area

    3 Total Sales

    Vladimir Stoiljkovic
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6118335

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-033D

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2644 E Paradise Ln, Phoenix, AZ

This home is located at 2644 E Paradise Ln, Phoenix, AZ 85032 since 15 August 2020 and is currently estimated at $602,144, approximately $186 per square foot. This property was built in 1945. 2644 E Paradise Ln 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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