$199,900
SOLD JUL 29, 2016
-- Bed
-- Bath
3,618 Sq Ft
1982 Built

Recently Sold

$55 Per Sq Ft

17 Days on Market

Highlights

  • Heated Community Pool
  • Resident Manager or Management On Site
  • Heat Pump System
  • Cooling Available
  • Ceiling Fan

About This Home

As of May 2022

100% occupied four plex with 10% CAP. Conveniently located across from Palomino School &
park. Community pool, green area, patios or decks & 1 covered parking space per unit. Washer/dryer hook ups in each unit. Unit
#101 3BR 3BA rented @ $795.00 Unit #102 1BR 1BA rented @ $500.00, Unit #103 2 BR 2BA rented @ $650.00 Unit #201 2BR 2 BA rented @ $525.00. Seller has kept this property well maintained. Three HVACs have been replaced recently, HOA
dues $645 per month per building (not unit). Includes pool, common area & parking lot maint, water,
sewer & trash. HOA fee does not include management fees or building maint. Tenants pay electric.
NOTE unit sizes approx. Total Bldg 3618SF.

Last Agent to Sell the Property

Kurt Kominski

Realty ONE Group License #BR637651000 Listed on: 06/11/2016

Co-Listed By

Cindy Farina

Realty ONE Group License #SA642018000

Last Buyer's Agent

Ana Caprar

Delex Realty License #SA108548000

Delex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,151

Year Built

  • Built in 1982

Home Design

  • Wood Frame Construction
  • Built-Up Roof

Interior Spaces

  • Ceiling Fan

Parking

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

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

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 49
  • Assessor Parcel Number 214-39-077

Community Details

Overview

  • 4 Units
  • Building Dimensions are 80x120
  • Palomino Pointe Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $8,891
  • Gross Income $29,640
  • Net Operating Income $20,750

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,151

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 32nd St & Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 1
  • Year Built: 1982
  • Tax Year: 2015
  • Directions: West to 29th Street, N to Marconi/Entrance to Palomino Pointe, West to stop sign, continue west to Bldg 49
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reog03
  • Co List Office Phone: 623-236-1414
  • Subdivision Name: Palomino Pointe
  • Cooling:Ceiling Fan(s): Yes
  • 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: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: See Remarks, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 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:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Manager Res/Office, Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Exterior Amenities:Satellite Dish: Yes

Schools

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

Lot Info

  • Lot Size: 80x120
  • Additional Parcels: No
  • Parcel #: 214-39-077

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 29640.0
  • Property Net Operating Income: 20750.0
  • Annual Operating Expense: 8891.0

Tax Info

  • Tax Annual Amount: 1151.0
  • Tax Book Number: 214.00
  • Tax Lot: 49

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

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
16.17%
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%
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- Magnus Title Agency Llc
Warranty Deed $305,000 Magnus Title Agency Llc
Warranty Deed $199,900 Lawyers Title Of Arizona Inc
Warranty Deed $166,000 Lawyers Title Of Arizona Inc
Warranty Deed $325,000 Chicago Title Insurance Comp
Special Warranty Deed $380,000 None Available
Warranty Deed $380,000 Tsa Title Agency
Special Warranty Deed $17,300,000 --
Special Warranty Deed $12,100,000 Fidelity National Title
Warranty Deed -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $520,000 New Conventional
Previous Owner $228,750 New Conventional
Previous Owner $196,278 FHA
Previous Owner $162,901 FHA
Previous Owner $162,993 FHA
Previous Owner $243,000 New Conventional
Previous Owner $304,000 Fannie Mae Freddie Mac
Previous Owner $13,125,000 Commercial
Previous Owner $11,257,450 Commercial
Previous Owner $700,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Price Changed $740,000 -2.6% --
07/29/2025 07/29/25 Price Changed $760,000 -1.9% --
06/11/2025 06/11/25 For Sale $775,000 +28.1% --
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
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
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
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

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 $1,446 $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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5456242

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-077