NOT LISTED FOR SALE

2801 E Kathleen Rd Unit 55 Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $373,323 - $674,000

-- Bed
8 Baths
2,128 Sq Ft
$259/Sq Ft Est. Value

Last Sold August 31, 2012

Last sale price $129,500 $61 Per Sq Ft

Est. 325% increase in value since last sale

Current estimated payment $3,036/month

13 Days on Market

Highlights

  • Heated Community Pool
  • Community Playground
  • Heating Available
  • Cooling Available

About This Home

As of August 2012

OUTSTANDING 4-PLEX IN A GREAT NORTHEAST VALLEY LOCATION. EASY ACCESS TO THE FREEWAYS, ELEMENTARY SCHOOL ACROSS THE STREET FROM COMMUNITY. THIS FABULOUS BUILDING IS SITUATED AWAY FROM ALL OTHERS AND NEXT TO A PARK AREA. ALL UNITS ARE 2BR/2BA APPROXIMATELY 1064 SQ FT WITH ASSIGNED COVERED PARKING AND SOLID TENANTS. THIS IS A HIGH DEMAND RENTAL AREA WITH ALL THE RIGHT STUFF INCLUDING COMMUNITY POOL AND SPA INSIDE A GATED COMMUNITY. HOA INCLUDES WATER, SEWER, TRASH, PORTER, SECURITY, COMMON AREAS AND POOL MAINTENANCE. INDIVIDUALLY METERED ELECTRIC PAID BY TENANTS. DON'T MISS THIS OPPORTUNITY TO HAVE A GREAT CASH FLOW INVESTMENT. TENANT OCCUPIED PROPERTY PLEASE DO NOT DISTURB THE TENANTS

Last Agent to Sell the Property

Joseph Cohan

IRS/International Realty Services, Inc. License #BR104965000 Listed on: 07/29/2012

Last Buyer's Agent

Elena Martinovici

Realty ONE Group License #BR531660000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,184

Year Built

  • Built in 1982

Lot Details

  • 6,970

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Palomino Primary Elementary School
  • Palomino Intermediate School
  • Paradise Valley High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 55
  • Assessor Parcel Number 214-39-083

Community Details

Overview

  • 4 Units
  • Building Dimensions are 1 - 7500
  • Greenway Manor Lot 1 72 T Subdivision

Recreation

  • Community Playground
  • Heated Community Pool
  • Community Spa

Building Details

  • Operating Expense $8,128
  • Gross Income $23,940
  • Net Operating Income $15,812

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,184

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: GREENWAY AND 29TH STREET
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: FOURPLEX - 1 ST
  • Number Of Buildings: 1
  • Year Built: 1982
  • Tax Year: 2011
  • Directions: N ON 29TH STREET TO PALOMINO POINTE ENTRY THROUGH GATE PAST COMMUNITY POOL TO STOP SIGN, S TO KATHLEEN (1BLOCK) EAST TO THE PROPERTY ON S SIDE OF STREET
  • Road Surface Type: Asphalt, Private Street
  • Subdivision Name: GREENWAY MANOR LOT 1-72 T
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Play Area, Spa(s), Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Community Amenities:Play Area: Yes

Schools

  • Elementary School: Palomino Primary School
  • High School: Paradise Valley High School
  • Middle Or Junior School: Palomino Intermediate School

Lot Info

  • Lot Size: 1 - 7500
  • Additional Parcels: No
  • Parcel #: 214-39-083

Multi Family

  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 23940.0
  • Insurance Expense: 800.0
  • Property Net Operating Income: 15812.0
  • Annual Operating Expense: 8128.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1184.0
  • Tax Book Number: 214.00
  • Tax Lot: 55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2012
Closed on
Aug 27, 2012
Sold by
Jacobs Anthony
Bought by
Paraschiv Neculai and Paraschiv Adriana
Seller's Agent
Joseph Cohan
IRS/International Realty Services, Inc.
Buyer's Agent
Elena Martinovici
Realty ONE Group
List Price
$134,900
Sold Price
$129,500
Premium/Discount to List
-$5,400
-4%
Current Estimated Value
$550,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,274
Avg. Annual Appreciation
11.69%

Purchase Details

Closed on
Jan 20, 2011
Sold by
Aurora Loan Services Llc
Bought by
Jacobs Anthony

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
4.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 2010
Sold by
Head Leslie Thomas
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jan 12, 2006
Sold by
Head Leslie Thomas
Bought by
2801 E Kathleen Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2005
Sold by
Bliven Investments Llc
Bought by
Head Leslie Thomas and Thomas Head L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
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
Paraschiv Neculai $129,500 Chicago Title Agency Inc
Jacobs Anthony $85,000 Guaranty Title Agency
Aurora Loan Services Llc $240,181 Servicelink
2801 E Kathleen Road Llc -- Tsa Title Agency
Head Leslie Thomas $380,000 Tsa Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jacobs Anthony $50,000
Previous Owner Head Leslie Thomas $228,000
Closed Head Leslie Thomas $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2012 08/31/12 Sold $129,500 -4.0% $61 / Sq Ft
08/10/2012 08/10/12 Pending -- -- --
07/28/2012 07/28/12 For Sale $134,900 -- $63 / 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 $1,396 $14,029 -- --
2024 $1,367 $13,361 -- --
2023 $1,367 $39,770 $7,950 $31,820
2022 $1,354 $27,300 $5,460 $21,840
2021 $1,358 $23,510 $4,700 $18,810
2020 $1,315 $20,770 $4,150 $16,620
2019 $1,317 $18,220 $3,640 $14,580
2018 $1,274 $15,970 $3,190 $12,780
2017 $1,221 $15,060 $3,010 $12,050
2016 $1,201 $13,560 $2,710 $10,850
2015 $1,112 $12,680 $2,530 $10,150
Source: Public Records

Agents Affiliated with this Home

  • Joseph Cohan

    Seller's Agent in 2012

    Joseph Cohan

    IRS/International Realty Services, Inc.

    1 in this area

    7 Total Sales

    Joseph Cohan
    Section Image
  • Elena Martinovici

    Buyer's Agent in 2012

    Elena Martinovici

    Realty One Group

    (602) 321-1273

    3 in this area

    21 Total Sales

    Elena Martinovici
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4795794

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-083

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2801 E Kathleen Rd Unit 55, Phoenix, AZ

This home is located at 2801 E Kathleen Rd Unit 55, Phoenix, AZ 85032 since 29 July 2012 and is currently estimated at $550,774, approximately $258 per square foot. This property was built in 1982. 2801 E Kathleen Rd Unit 55 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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