Seller's Agent in 2022
Ryan Swan
HomeSmart
(602) 733-5455
8 in this area
39 Total Sales
2801 E Marconi Ave Phoenix, AZ 85032
Paradise Valley Village NeighborhoodEstimated Value: $562,764 - $729,000
Studio
--
Bath
3,618
Sq Ft
$184/Sq Ft
Est. Value
Highlights
- Heated Community Pool
- Community Playground
- Ceiling Fan
- Cooling Available
- Resident Manager or Management On Site
- Carpet
About This Home
As of May 2022Value add 4plex in North Central Phoenix! Long term tenants with extremely low rents compared to the current hot rental market. New ownership can realize immediate cash flow and value gains by doing a refresh on three of the interiors. 1982 constructed building with a fantastic unit mix: One – 3 bed / 3 bath (very rare to find a 3/3 in town!), Two 2 bed / 2 bath units and one – 1 bed / 1 bath. Tenants love the huge interiors with modern layouts and in-unit full size washer/dryer. Tenants pay their individually metered electric / cable (no gas), while landlord just pays the HOA dues (includes: water, sewer, trash, common area, and the pool). Each standalone building in the community has 4 covered parking spaces and additional uncovered spaces.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,405
Year Built
- Built in 1982
Lot Details
- 9,540
Home Design
- Wood Frame Construction
- Built-Up Roof
- Stucco
Interior Spaces
- Ceiling Fan
Flooring
- Carpet
- Vinyl
Parking
- 8 Parking Spaces
- Carport
Schools
- Palomino Primary Elementary School
- Greenway Middle School
- Paradise Valley High School
Utilities
- Cooling Available
- Heat Pump System
- Individual Controls for Heating
Listing and Financial Details
- Tax Lot 49
- Assessor Parcel Number 214-39-077
Community Details
Overview
- 4 Units
- Building Dimensions are 80x120
- Greenway Manor Subdivision
Recreation
- Community Playground
- Heated Community Pool
Building Details
- Operating Expense $15,942
- Gross Income $40,893
- Net Operating Income $24,950
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 11, 2023
Sold by
Basil Holdings Llc
Bought by
2801 Marconi Llc
Current Estimated Value
Purchase Details
Listed on
Apr 13, 2022
Closed on
Apr 26, 2022
Sold by
Thomas Shanker Matthew
Bought by
Basil Holdings Llc
Seller's Agent
Ryan Swan
HomeSmart
Buyer's Agent
Samantha DeMaio
Engel & Volkers Gilbert
List Price
$549,000
Sold Price
$605,000
Premium/Discount to List
$56,000
10.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.60%
Original Mortgage
$471,000
Interest Rate
4.67%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 22, 2019
Closed on
Aug 8, 2019
Sold by
Shanker Leah Marie and Shanker Matthew Thomas
Bought by
Shanker Leah Marie and Shanker Matthew Thomas
Seller's Agent
Ana Caprar
Delex Realty
Buyer's Agent
Ryan Swan
HomeSmart
List Price
$320,000
Sold Price
$305,000
Premium/Discount to List
-$15,000
-4.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.28%
Original Mortgage
$228,750
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 22, 2019
Closed on
Jul 19, 2019
Sold by
Caprar Ionel and Loanca Andreea L
Bought by
Shanker Matthew Thomas
Seller's Agent
Ana Caprar
Delex Realty
Buyer's Agent
Ryan Swan
HomeSmart
List Price
$320,000
Sold Price
$305,000
Premium/Discount to List
-$15,000
-4.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 11, 2016
Closed on
Jul 5, 2016
Sold by
Barbato Patric S
Bought by
Caprar Lonel and Ioanca Andreea L
Seller's Agent
Kurt Kominski
Realty ONE Group
Buyer's Agent
Ana Caprar
Delex Realty
List Price
$199,900
Sold Price
$199,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.86%
Original Mortgage
$196,278
Interest Rate
3.42%
Mortgage Type
FHA
Purchase Details
Listed on
Mar 30, 2014
Closed on
Sep 10, 2014
Sold by
Hobbs Gregory and Hobbs Jeanne Kafoury
Bought by
Barbato Patric S
Seller's Agent
Pat Hune
1st Southwest Realty, LLC
Buyer's Agent
Kurt Kominski
Realty ONE Group
List Price
$167,900
Sold Price
$166,000
Premium/Discount to List
-$1,900
-1.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.69%
Original Mortgage
$162,993
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 11, 2008
Sold by
2801 E Marconi Llc
Bought by
Hobbs Gregory and Hobbs Jeanne Kafoury
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
5.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 25, 2006
Sold by
Pounds James E and Pounds Shelon E
Bought by
2801 E Marconi Llc
Purchase Details
Closed on
Nov 8, 2005
Sold by
Bliven Investments Llc
Bought by
Pounds James E and Pounds Shelon E
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
Purchase Details
Closed on
Feb 24, 1997
Sold by
Fidelity National Title Insurance Co
Bought by
Eldorado Arms Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.9%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2801 Marconi Llc | -- | None Listed On Document | |
| Basil Holdings Llc | $605,000 | Magnus Title | |
| Shanker Leah Marie | -- | Magnus Title Agency Llc | |
| Shanker Matthew Thomas | $305,000 | Magnus Title Agency Llc | |
| Caprar Lonel | $199,900 | Lawyers Title Of Arizona Inc | |
| Barbato Patric S | $166,000 | Lawyers Title Of Arizona Inc | |
| Hobbs Gregory | $325,000 | Chicago Title Insurance Comp | |
| 2801 E Marconi Llc | $380,000 | None Available | |
| Pounds James E | $380,000 | Tsa Title Agency | |
| Bliven Investments | $17,300,000 | -- | |
| Paradise Urban Investments Llc | $12,100,000 | Fidelity National Title | |
| Eldorado Arms Inc | -- | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Basil Holdings Llc | $471,000 | |
| Previous Owner | Shanker Matthew Thomas | $228,750 | |
| Previous Owner | Caprar Lonel | $196,278 | |
| Previous Owner | Barbato Patric S | $162,993 | |
| Previous Owner | Hobbs Gregory | $243,000 | |
| Previous Owner | Pounds James E | $304,000 | |
| Previous Owner | Bliven Investments | $13,125,000 | |
| Previous Owner | Paradise Urban Investments Llc | $11,257,450 | |
| Previous Owner | Eldorado Arms Inc | $700,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/13/2022 05/13/22 | Sold | $605,000 | +10.2% | $167 / Sq Ft | |
| 04/13/2022 04/13/22 | For Sale | $549,000 | +80.0% | $152 / Sq Ft | |
| 08/15/2019 08/15/19 | Sold | $305,000 | -4.7% | $84 / Sq Ft | View Prior Sale |
| 07/06/2019 07/06/19 | Pending | -- | -- | -- | |
| 05/22/2019 05/22/19 | For Sale | $320,000 | +60.1% | $88 / Sq Ft | |
| 07/29/2016 07/29/16 | Sold | $199,900 | 0.0% | $55 / Sq Ft | View Prior Sale |
| 06/28/2016 06/28/16 | Pending | -- | -- | -- | |
| 06/11/2016 06/11/16 | For Sale | $199,900 | +20.4% | $55 / Sq Ft | |
| 09/29/2014 09/29/14 | Sold | $166,000 | -1.1% | $46 / Sq Ft | View Prior Sale |
| 08/26/2014 08/26/14 | Pending | -- | -- | -- | |
| 03/30/2014 03/30/14 | For Sale | $167,900 | -- | $46 / 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 | $1,446 | $14,524 | -- | -- |
| 2024 | $1,415 | $13,832 | -- | -- |
| 2023 | $1,415 | $41,160 | $8,230 | $32,930 |
| 2022 | $1,401 | $28,210 | $5,640 | $22,570 |
| 2021 | $1,405 | $24,530 | $4,900 | $19,630 |
| 2020 | $1,362 | $21,660 | $4,330 | $17,330 |
| 2019 | $1,364 | $18,760 | $3,750 | $15,010 |
| 2018 | $1,319 | $16,380 | $3,270 | $13,110 |
| 2017 | $1,264 | $15,400 | $3,080 | $12,320 |
| 2016 | $1,243 | $14,020 | $2,800 | $11,220 |
| 2015 | $1,151 | $13,010 | $2,600 | $10,410 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Swan
-
Samantha DeMaio
Buyer's Agent in 2022
Samantha DeMaio
Engel & Volkers Gilbert
(480) 767-3000
3 in this area
31 Total Sales
-
Ana Caprar
Seller's Agent in 2019
Ana Caprar
Delex Realty
(602) 369-7023
5 in this area
21 Total Sales
-
Kurt Kominski
Seller's Agent in 2016
Kurt Kominski
Realty One Group
(602) 541-4107
1 in this area
290 Total Sales
-
C
Seller Co-Listing Agent in 2016
Cindy Farina
Realty One Group
-
Pat Hune
Seller's Agent in 2014
Pat Hune
1st Southwest Realty, LLC
(480) 703-1976
47 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6382941
APN: 214-39-077
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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