Seller's Agent in 2018
Jill Anderson
Russ Lyon Sotheby's International Realty
2 in this area
131 Total Sales
2801 E Le Marche Ave Phoenix, AZ 85032
Paradise Valley Village NeighborhoodEstimated Value: $402,450 - $691,000
--
Bed
--
Bath
3,618
Sq Ft
$166/Sq Ft
Est. Value
Highlights
- Clubhouse
- Sport Court
- Community Barbecue Grill
- Heated Community Pool
- Cooling Available
- Carpet
About This Home
As of April 2018Great investment opportunity at this price. There is one 3-bedroom unit, two 2-bedroom units, and one 1-bedroom unit. Convenient location, near the 51 Freeway and public transportation. Services are in walking distance and elementary school is right across the street. Building has been updated & well maintained. Gated community has pool, multiple play areas and BBQ's. Each apartment has a balcony or private patio. This is a great passive investment for those who want to put their money into an incredible cash flowing property. Please do not walk property. Do not disturb tenants.
Last Agent to Sell the Property
Russ Lyon Sotheby's International Realty License #SA538355000 Listed on: 02/10/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,235
Year Built
- Built in 1982
Lot Details
- 7,754
Home Design
- Wood Frame Construction
- Foam Roof
- Stucco
Flooring
- Carpet
- Vinyl
Parking
- 8 Parking Spaces
- 4 Covered Spaces
- Common or Shared Parking
- Free Parking
Schools
- Palomino Primary Elementary School
- Greenway Middle School
- Paradise Valley High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, cable TV
- Tax Lot 33
- Assessor Parcel Number 214-39-061
Community Details
Overview
- 4 Units
- Building Dimensions are 82.45 X 93.23 X 82.48 X 93.47
- Greenway Manor Subdivision
Amenities
- Community Barbecue Grill
- Clubhouse
Recreation
- Sport Court
- Community Playground
- Heated Community Pool
Building Details
- Operating Expense $14,395
- Gross Income $28,785
- Net Operating Income $14,390
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 10, 2018
Closed on
Feb 15, 2018
Sold by
Liu Fuyou
Bought by
Zhang Shuqing
Seller's Agent
Jill Anderson
Russ Lyon Sotheby's International Realty
Buyer's Agent
Fuyou Liu
DeLex Realty
List Price
$239,900
Sold Price
$235,000
Premium/Discount to List
-$4,900
-2.04%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,010
Avg. Annual Appreciation
12.91%
Original Mortgage
$176,250
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 4, 2011
Sold by
Enriquez Jeronimo and Enriquez Arlene
Bought by
Hofmann Ralph R
Purchase Details
Closed on
Aug 20, 2010
Sold by
2801 E Le Marche Llc
Bought by
Turnstone Park Llc
Purchase Details
Closed on
May 24, 2006
Sold by
Enriqez Jeronimo A and Enriqez Arlene N
Bought by
2801 E Le Marche Llc and Turnstone Park Llc
Purchase Details
Closed on
Dec 2, 2005
Sold by
Bliven Investments Llc
Bought by
Enriquez Jeronimo A and Enriquez Arlene N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
3%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Aug 25, 2005
Sold by
Paradise Urban Investments Llc
Bought by
Bliven Investments
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,125,000
Interest Rate
5.64%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 7, 2004
Sold by
Paradise Club Llc
Bought by
Paradise Urban 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
$11,257,450
Interest Rate
6.06%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zhang Shuqing | -- | First American Title Insuran | |
| Zhang Shuqing | $235,000 | First American Title Insuran | |
| Hofmann Ralph R | $84,000 | Driggs Title Agency | |
| Hofmann Ralph R | $84,000 | Driggs Title Agency Inc | |
| Turnstone Park Llc | -- | Driggs Title Agency Inc | |
| 2801 E Le Marche Llc | $380,000 | None Available | |
| Enriquez Jeronimo A | $380,000 | Tsa Title Agency | |
| Bliven Investments | $17,300,000 | -- | |
| Paradise Urban Investments Llc | $12,100,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Zhang Shuqing | $176,250 | |
| Previous Owner | Enriquez Jeronimo A | $304,000 | |
| Previous Owner | Bliven Investments | $13,125,000 | |
| Previous Owner | Paradise Urban Investments Llc | $11,257,450 | |
| Closed | Enriquez Jeronimo A | $38,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/06/2018 04/06/18 | Sold | $235,000 | -2.0% | $65 / Sq Ft |
| 02/13/2018 02/13/18 | Pending | -- | -- | -- |
| 02/10/2018 02/10/18 | For Sale | $239,900 | -- | $66 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,449 | $14,183 | -- | -- |
| 2024 | $1,382 | $13,508 | -- | -- |
| 2023 | $1,382 | $40,210 | $8,040 | $32,170 |
| 2022 | $1,368 | $27,600 | $5,520 | $22,080 |
| 2021 | $1,372 | $23,830 | $4,760 | $19,070 |
| 2020 | $1,330 | $21,060 | $4,210 | $16,850 |
| 2019 | $1,332 | $18,400 | $3,680 | $14,720 |
| 2018 | $1,288 | $16,110 | $3,220 | $12,890 |
| 2017 | $1,235 | $15,170 | $3,030 | $12,140 |
| 2016 | $1,214 | $13,710 | $2,740 | $10,970 |
| 2015 | $1,124 | $12,780 | $2,550 | $10,230 |
Source: Public Records
Agents Affiliated with this Home
-
Jill Anderson
-
Katie Atkison
Seller Co-Listing Agent in 2018
Katie Atkison
Success Property Brokers
(602) 769-1910
1 in this area
35 Total Sales
-
Fuyou Liu
F
Buyer's Agent in 2018
Fuyou Liu
DeLex Realty
(480) 756-9922
2 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5721920
APN: 214-39-061
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.
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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