NOT LISTED FOR SALE

2701 E Marconi Ave Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $514,000 - $701,613

Studio
-- Bath
3,000 Sq Ft
$210/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2019

Last sale price $350,000 $117 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,490 / mo

234 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of July 2019

Nice corner lot 4-plex in north Phoenix for sale ! ! !
All 2BD, 1BA, block construction, renovated apartments and buildings, stackable W/D hook ups, brand new A/C (to #4), steady income, long term tenants, 100% occupied.
Buyer to verified all numbers and figures.

Last Agent to Sell the Property

Adrian Stamenov

Realty ONE Group License #SA539804000 Listed on: 10/20/2018

Realty ONE Group

Last Buyer's Agent

Susan McCall

Commercial Property Connect License #BR552939000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $930

Year Built

  • Built in 1984

Lot Details

  • 0.26

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 16
  • Assessor Parcel Number 214-40-191

Community Details

Overview

  • 4 Units
  • Building Dimensions are 100X120
  • Andrea Villas Subdivision

Building Details

  • Operating Expense $4,220
  • Gross Income $31,800
  • Net Operating Income $28,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$930

Year Built

Built in 1984

Lot Details

0.26 Acres

Listing Details

  • Cross Street: Cave Creek Rd. & Greenway Pkway.
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: Andrea Villas
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Assigned, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Trash Expense: 1284.0
  • Annual Water Sewer Expense: 1116.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 100X120
  • Additional Parcels: No
  • Parcel #: 214-40-191

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 31800.0
  • Insurance Expense: 890.0
  • Property Net Operating Income: 28600.0
  • Annual Operating Expense: 4220.0

Tax Info

  • Tax Annual Amount: 930.0
  • Tax Book Number: 214.00
  • Tax Lot: 16

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
Mar 31, 2025
Sold by
Current Estimated Value
$630,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$645,521
Interest Rate
6.85%
Mortgage Type
Seller Take Back
Estimated Equity
-$14,868

Purchase Details

Listed on
Oct 20, 2018
Closed on
Jul 9, 2019
Sold by
Bought by
Seller's Agent
Adrian Stamenov
Realty ONE Group
Buyer's Agent
Susan McCall
Commercial Property Connect
List Price
$369,900
Sold Price
$350,000
Premium/Discount to List
-$19,900
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%
Original Mortgage
$262,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2018
Sold by
Bought by

Purchase Details

Closed on
Aug 7, 2014
Sold by
Bought by

Purchase Details

Listed on
Jan 18, 2012
Closed on
Apr 23, 2012
Sold by
Bought by
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Adrian Stamenov
Realty ONE Group
List Price
$138,500
Sold Price
$128,500
Premium/Discount to List
-$10,000
-7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.92%
Original Mortgage
$125,242
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 17, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 15, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 24, 2007
Sold by
Bought by

Purchase Details

Closed on
Nov 30, 2007
Sold by
Bought by

Purchase Details

Closed on
Nov 8, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 10, 1996
Sold by
Bought by

Purchase Details

Closed on
Jan 26, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 5, 1994
Sold by
Bought by

Purchase Details

Closed on
Apr 6, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$700,000 Pioneer Title Agency
$350,000 Chicago Title Agency
$199,999 Stewart Title & Trust Of Pho
-- Accommodation
$128,500 Clear Title Agency Of Arizon
-- None Available
-- First American Title Ins Co
$55,000 First American Title Ins Co
-- None Available
-- Chicago Title Insurance Co
$267,941 Chicago Title Insurance Co
-- Chicago Title Insurance Co
-- Great American Title Agency
-- Great American Title Agency
-- First Southwestern Title
-- First Southwestern 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 $650,000
Previous Owner $262,500
Previous Owner $125,242
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
07/15/2019 07/15/19 Sold $350,000 -5.4% $117 / Sq Ft
06/11/2019 06/11/19 Pending -- -- --
05/31/2019 05/31/19 For Sale $369,900 0.0% $123 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
04/03/2019 04/03/19 For Sale $369,900 0.0% $123 / Sq Ft
04/03/2019 04/03/19 Price Changed $369,900 +2.8% $123 / Sq Ft
03/18/2019 03/18/19 Price Changed $359,900 0.0% $120 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
11/05/2018 11/05/18 For Sale $359,900 0.0% $120 / Sq Ft
10/30/2018 10/30/18 Pending -- -- --
10/20/2018 10/20/18 For Sale $359,900 +180.1% $120 / Sq Ft
04/26/2012 04/26/12 Sold $128,500 -7.2% $43 / Sq Ft View Prior Sale
02/22/2012 02/22/12 Pending -- -- --
01/18/2012 01/18/12 For Sale $138,500 -- $46 / 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 $1,047 $10,245 -- --
2024 $998 $9,757 -- --
2023 $998 $44,030 $8,800 $35,230
2022 $988 $31,330 $6,260 $25,070
2021 $991 $25,610 $5,120 $20,490
2020 $961 $22,420 $4,480 $17,940
2019 $962 $18,060 $3,610 $14,450
2018 $930 $17,320 $3,460 $13,860
2017 $892 $14,730 $2,940 $11,790
2016 $877 $13,520 $2,700 $10,820
2015 $812 $11,220 $2,240 $8,980
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Adrian Stamenov

    Realty One Group

    (602) 953-4000

    2 in this area

    7 Total Sales

    Adrian Stamenov
    Section Image

  • S

    Buyer's Agent in 2019

    Susan McCall

    Commercial Property Connect

    Section Image
  • Linda Gerchick

    Seller's Agent in 2012

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    1 in this area

    101 Total Sales

    Linda Gerchick
    Section Image
  • Patrick O'Sullivan

    Seller Co-Listing Agent in 2012

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    23 Total Sales

    Patrick O'Sullivan
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5836265

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-191

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2701 E Marconi Ave, Phoenix, AZ

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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