NOT LISTED FOR SALE

Estimated Value: $361,708 - $686,000

Studio
-- Bath
3,050 Sq Ft
$193/Sq Ft Est. Value

Last Sold August 24, 2015

Last sale price $177,500 $58 Per Sq Ft

Est. 232% increase in value since last sale

Current estimated payment $3,136/month

18 Days on Market

Highlights

  • Multiple cooling system units
  • Ceiling Fan
  • Multiple Heating Units
  • Ceramic Tile Flooring

About This Home

As of August 2015

Easy Multi-plex! Remodeled recently with all new kitchen cabinets, granite countertops, bathroom cabinets and tile in the living areas of each unit. Well maintained with actual rents of $2,125 per month. All units are currently rented. Washer/Dryer hook-ups. Paved parking in the back with desert landscaping for low maintenance. No HOA! Buyer to verify all items prior to close of escrow. Also 2728 E Marconi is available for $179,900 as well (See MLS #5302361). Don't miss your chance to get these units two side by side.

Last Agent to Sell the Property

Kevin Haymore

Arizona Premier Realty Homes & Land, LLC License #SA653342000 Listed on: 07/02/2015

Last Buyer's Agent

Bill Scheidt

PMI East Valley License #BR649356000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $829

Year Built

  • Built in 1984

Lot Details

  • 9,801

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

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

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 214-40-181

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10,490 sq ft

Building Details

  • Operating Expense $7,779

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$829

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Greenway / Cave Creek Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Free, <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:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: 2 or More Units, Electric, Ceiling Fan(s)
  • Heating: 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: 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:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1250.0
  • Annual Water Sewer Expense: 1800.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 10,490 sq ft
  • Additional Parcels: No
  • Parcel #: 214-40-181

Multi Family

  • Owner Pays: Water, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1750.0
  • Annual Operating Expense: 7779.0

Tax Info

  • Tax Annual Amount: 829.0
  • Tax Book Number: 214.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2015
Closed on
Aug 27, 2015
Sold by
Heyns Leon George
Bought by
Nexus Ventures Llc
Seller's Agent
Kevin Haymore
Arizona Premier Realty Homes & Land, LLC
Buyer's Agent
Bill Scheidt
PMI East Valley
List Price
$179,900
Sold Price
$177,500
Premium/Discount to List
-$2,400
-1.33%
Current Estimated Value
$588,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$411,427
Avg. Annual Appreciation
12.20%
Original Mortgage
$123,200
Outstanding Balance
$96,698
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$492,229

Purchase Details

Listed on
Jul 2, 2015
Closed on
Aug 21, 2015
Sold by
Lighthouse Medical Llc
Bought by
Heyns Leon George
Seller's Agent
Kevin Haymore
Arizona Premier Realty Homes & Land, LLC
Buyer's Agent
Bill Scheidt
PMI East Valley
List Price
$179,900
Sold Price
$177,500
Premium/Discount to List
-$2,400
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Outstanding Balance
$96,698
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$492,229

Purchase Details

Listed on
Jul 2, 2015
Closed on
Aug 20, 2015
Sold by
Heyns Kelly L
Bought by
Heyns Leon George
Seller's Agent
Kevin Haymore
Arizona Premier Realty Homes & Land, LLC
Buyer's Agent
Bill Scheidt
PMI East Valley
List Price
$179,900
Sold Price
$177,500
Premium/Discount to List
-$2,400
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Outstanding Balance
$96,698
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$492,229

Purchase Details

Listed on
Jan 9, 2013
Closed on
Feb 6, 2013
Sold by
Marconi Villas Llc
Bought by
Lighthouse Medical Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Josephine Mihelich
Arizona Sunset Realty
List Price
$318,000
Sold Price
$304,000
Premium/Discount to List
-$14,000
-4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-19.36%
Original Mortgage
$75,000
Interest Rate
3.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 9, 2013
Closed on
Jan 17, 2013
Sold by
Vong Family Investments Llc
Bought by
Macaroni Villas Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Josephine Mihelich
Arizona Sunset Realty
List Price
$318,000
Sold Price
$304,000
Premium/Discount to List
-$14,000
-4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2009
Sold by
E Investment Properties Inc
Bought by
Vong Family Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2009
Sold by
Indymac Federal Bank Fsb
Bought by
E Investment Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2008
Sold by
Perez Manuel Rendon
Bought by
Indymac Bank Fsb

Purchase Details

Closed on
Jul 30, 2007
Sold by
Perez Manuel Rendon
Bought by
Perez Manuel Rendon and Aguilar Luz Martina

Purchase Details

Closed on
Mar 10, 2006
Sold by
Camarena Miguel
Bought by
Perez Manuel Rendon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,850
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 6, 2006
Sold by
Camarena Brigida L and Camarena Brigett L
Bought by
Camarena Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,850
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 22, 2006
Sold by
Tarin & Julian Properties Llc and Camarena Brigida L
Bought by
Camarena Miguel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,850
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 14, 2004
Sold by
Comorene Miguel and Comorene Brigida L
Bought by
Tarin & Julian Properties Llc

Purchase Details

Closed on
Nov 10, 2003
Sold by
Adams Rex A
Bought by
Camarena Miguel and Camarena Brigida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2002
Sold by
Zobler Erich
Bought by
Adams Rex A

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
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2002
Sold by
Allen Theodore O
Bought by
Zobler Erich

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
Kafka Richard J and Kafka Lisa A
Bought by
Allen Theodore O

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
Apr 14, 1998
Sold by
Luna Renato and Luna Wendy C
Bought by
Kafka Richard J and Kafka Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,152
Interest Rate
7.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 1996
Sold by
Moses Patricia
Bought by
Luna Renato and Luna Wendy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,400
Interest Rate
11.87%
Mortgage Type
New Conventional
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

Date Buyer Sale Price Title Company
Nexus Ventures Llc -- None Available
Heyns Leon George $176,000 Greystone Title Agency Llc
Heyns Leon George -- Greystone Title Agency Llc
Lighthouse Medical Llc $152,000 Great American Title Agency
Macaroni Villas Llc -- Pioneer Title Agency Inc
Vong Family Investments Llc $74,500 Great American Title Agency
E Investment Properties Inc $47,000 Great American Title Agency
Indymac Bank Fsb $202,500 None Available
Perez Manuel Rendon $375,000 None Available
Perez Manuel Rendon $359,000 Empire Title Agency Of Az Ll
Camarena Miguel -- Empire Title Agency Of Az Ll
Camarena Miguel -- Empire Title Agency Of Az Ll
Camarena Miguel A -- None Available
Tarin & Julian Properties Llc -- --
Camarena Miguel $240,000 Transnation Title Ins Co
Adams Rex A $210,000 Transnation Title Insurance
Zobler Erich $194,000 First American Title
Allen Theodore O $155,000 American Title Insurance
Kafka Richard J $94,000 Old Republic Title Agency
Luna Renato $82,000 North American Title Agency
Luna Renato $82,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heyns Leon George $123,200
Previous Owner Macaroni Villas Llc $75,000
Previous Owner Vong Family Investments Llc $50,000
Previous Owner Perez Manuel Rendon $53,850
Previous Owner Perez Manuel Rendon $287,200
Previous Owner Camarena Miguel $53,850
Previous Owner Camarena Miguel $192,000
Previous Owner Adams Rex A $189,000
Previous Owner Zobler Erich $155,200
Previous Owner Allen Theodore O $139,500
Previous Owner Kafka Richard J $93,152
Previous Owner Luna Renato $57,400
Closed Zobler Erich $38,800
Closed Camarena Miguel $36,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2015 08/24/15 Sold $177,500 -1.3% $58 / Sq Ft
07/20/2015 07/20/15 Pending -- -- --
07/02/2015 07/02/15 For Sale $179,900 -40.8% $59 / Sq Ft
02/21/2013 02/21/13 Sold $304,000 -4.4% $100 / Sq Ft View Prior Sale
02/02/2013 02/02/13 Pending -- -- --
01/09/2013 01/09/13 For Sale $318,000 -- $104 / 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 $1,040 $10,181 -- --
2024 $992 $9,696 -- --
2023 $992 $43,810 $8,760 $35,050
2022 $982 $31,180 $6,230 $24,950
2021 $985 $25,360 $5,070 $20,290
2020 $955 $22,200 $4,440 $17,760
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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5302366

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-181