NOT LISTED FOR SALE

2722 E Marconi Ave Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $377,217 - $718,000

Studio
-- Bath
3,050 Sq Ft
$186/Sq Ft Est. Value

Sale Details

Date Sold: December 23, 2013

Last sale price $170,000 $56 Per Sq Ft

Est. 234% increase in value since last sale

Current estimated payment $3,158 / mo

33 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available

About This Home

As of December 2013

Investment Opportunity. Nice, clean 4-Plex recently rehabbed. All units with above average surfaces & fixtures, including granite, new cabinets, vanities, plumbing fixtures, carpet, paint, etc. Each unit also has new A/C units, and all new windows and doors, including screened security door. Each unit has appliances that stay with the property and each unit has washer/dryer hookup (washer/dryer not incl). Monthly income of $1,980 in rent. See additional info in doc tab.

Last Agent to Sell the Property

Ray Milliman

HomeSmart License #SA037826000 Listed on: 10/10/2013

HomeSmart

Last Buyer's Agent

Marla Wicks

DeLex Realty License #SA537509000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $679

Year Built

  • Built in 1984

Lot Details

  • 9,845

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking

Schools

  • Palomino Primary Elementary School
  • Greenway High Middle School
  • North Canyon High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 214-40-179

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9830
  • Andrea Villas Subdivision

Building Details

  • Operating Expense $5,727
  • Net Operating Income $15,045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$679

Year Built

Built in 1984

Lot Details

9,845 Sq Ft Lot

Listing Details

  • Cross Street: Greenway Parkway & Cave Creek
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Subdivision Name: Andrea Villas
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Appliances: Other (See Remarks), W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 1620.0
  • Annual Water Sewer Expense: 1620.0

Schools

  • Elementary School: Palomino Primary School
  • High School: North Canyon High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Greenway High School

Lot Info

  • Lot Size: 9830
  • Additional Parcels: No
  • Parcel #: 214-40-179

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 968.0
  • Property Net Operating Income: 15045.0
  • Annual Operating Expense: 5727.22

Tax Info

  • Tax Annual Amount: 679.22
  • Tax Book Number: 214.00
  • Tax Lot: 4

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
Oct 10, 2013
Closed on
Dec 12, 2013
Sold by
Bought by
Seller's Agent
Ray Milliman
HomeSmart
Buyer's Agent
Marla Wicks
DeLex Realty
List Price
$197,500
Sold Price
$170,000
Premium/Discount to List
-$27,500
-13.92%
Current Estimated Value
$568,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,554
Avg. Annual Appreciation
10.12%
Original Mortgage
$127,500
Outstanding Balance
$95,709
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$472,845

Purchase Details

Listed on
Oct 10, 2013
Closed on
Dec 4, 2013
Sold by
Bought by
Seller's Agent
Ray Milliman
HomeSmart
Buyer's Agent
Marla Wicks
DeLex Realty
List Price
$197,500
Sold Price
$170,000
Premium/Discount to List
-$27,500
-13.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Outstanding Balance
$95,709
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$472,845

Purchase Details

Listed on
Sep 20, 2012
Closed on
Nov 26, 2012
Sold by
Bought by
Seller's Agent
David Jenkins
My Home Group Real Estate
Buyer's Agent
Ray Milliman
HomeSmart
List Price
$159,500
Sold Price
$135,000
Premium/Discount to List
-$24,500
-15.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.04%
Original Mortgage
$94,500
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 20, 2012
Closed on
Nov 21, 2012
Sold by
Bought by
Seller's Agent
David Jenkins
My Home Group Real Estate
Buyer's Agent
Ray Milliman
HomeSmart
List Price
$159,500
Sold Price
$135,000
Premium/Discount to List
-$24,500
-15.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 2008
Sold by
Bought by

Purchase Details

Closed on
Oct 27, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 13, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 15, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 30, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 8, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,200
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
7.82%

Purchase Details

Closed on
May 7, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,375
Interest Rate
6.86%
Mortgage Type
Seller Take Back
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
-- Chicago Title Agency Inc
$170,000 Chicago Title Agency Inc
-- None Available
-- Chicago Title Agency Inc
$135,000 Chicago Title Agency Inc
$76,900 First American Title Ins Co
-- Lsi Title Company
$303,435 None Available
$350,000 Stewart Title & Trust Of Pho
-- Stewart Title & Trust Of Pho
-- Stewart Title & Trust Of Pho
-- None Available
$315,387 Stewart Title & Trust Of Pho
-- Security Title Agency Inc
-- Security Title Agency Inc
$305,000 Security Title Agency Inc
$255,000 Transnation Title
-- Security Title Agency
$210,000 Transnation Title Insurance
$194,000 First American Title
$155,000 American Title Insurance
$82,500 Old Republic Title Agency
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 $127,500
Closed $127,500
Previous Owner $94,500
Previous Owner $94,500
Previous Owner $280,000
Previous Owner $213,500
Previous Owner $213,500
Previous Owner $204,000
Previous Owner $189,000
Previous Owner $168,000
Previous Owner $168,000
Previous Owner $155,200
Previous Owner $139,500
Previous Owner $78,375
Closed $38,800
Closed $25,500
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
12/23/2013 12/23/13 Sold $170,000 -13.9% $56 / Sq Ft
11/12/2013 11/12/13 Pending -- -- --
10/10/2013 10/10/13 For Sale $197,500 +46.3% $65 / Sq Ft
11/28/2012 11/28/12 Sold $135,000 -15.4% $44 / Sq Ft View Prior Sale
10/23/2012 10/23/12 Pending -- -- --
09/20/2012 09/20/12 For Sale $159,500 -- $52 / 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 $1,040 $10,181 -- --
2024 $992 $9,696 -- --
2023 $992 $43,810 $8,760 $35,050
2022 $982 $31,200 $6,240 $24,960
2021 $985 $25,360 $5,070 $20,290
2020 $955 $22,210 $4,440 $17,770
2019 $956 $18,010 $3,600 $14,410
2018 $924 $17,310 $3,460 $13,850
2017 $886 $14,730 $2,940 $11,790
2016 $872 $13,460 $2,690 $10,770
2015 $807 $11,220 $2,240 $8,980
Source: Public Records

Agents Affiliated with this Home

  • Ray Milliman

    Seller's Agent in 2013

    Ray Milliman

    HomeSmart

    (602) 818-6707

    7 Total Sales

    Ray Milliman
    Section Image

  • M

    Buyer's Agent in 2013

    Marla Wicks

    DeLex Realty

    Section Image

  • D

    Seller's Agent in 2012

    David Jenkins

    My Home Group

    3 Total Sales

    David Jenkins
    Section Image
  • Annette Wyatt

    Seller Co-Listing Agent in 2012

    Annette Wyatt

    RE/MAX

    (480) 355-9509

    1 in this area

    42 Total Sales

    Annette Wyatt
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5013299

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-179

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2722 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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