NOT LISTED FOR SALE

2802 E Le Marche Ave Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $595,629 - $674,000

8 Beds
-- Bath
3,618 Sq Ft
$178/Sq Ft Est. Value

Last Sold December 28, 2021

Last sale price $565,000 $156 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,480/month

98 Days on Market

Highlights

  • Heated Community Pool
  • Community Playground
  • Community Barbecue Grill
  • Cooling Available
  • Resident Manager or Management On Site
  • Ceramic Tile Flooring

About This Home

As of December 2021

Great location in Palomino Point & Desirable Unit Mix!! One 3 Bedroom Unit, Two 2 Bedroom Units & One 1 Bedroom Unit. $3932 in Total Rents per Month w/Upside!! Property has been Well Maintained. This Convenient Location Offers Tenants Washer & Dryer Hookups in All Units Plus Covered Parking . All Newer A/C Units & Recent Renovation! HOA ($710 per month) covers water, sewer, trash, and common area maintenance, which includes community pool, landscaping, soccer field, BBQ & More+
Close to the Freeways, Employment, Shopping, Entertainment and Services!
Drive by only prior to escrow. Do not disturb tenants.

Last Agent to Sell the Property

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 08/26/2021

Keller Williams Arizona Realty

Last Buyer's Agent

Shirley Carlson

Niksi License #SA659176000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,314

Year Built

  • Built in 1982

Lot Details

  • 6,926

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 32
  • Assessor Parcel Number 214-39-060

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irregular
  • Greenway Manor Lot 1 72 Tr A E Subdivision

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $16,883
  • Gross Income $47,184
  • Net Operating Income $30,301

Additional Features

  • Community Barbecue Grill
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,314

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 29th Street and Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2740.0
  • Subdivision Name: GREENWAY MANOR LOT 1-72 TR A-E
  • Cooling:Ceiling Fan(s): Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Community Features:Pool2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, Add'l Parking Avail, Carport
  • 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 Features:Carport: Yes
  • Parking Features:Assigned: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • 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: Barbecue, Play Area, Manager Res/Office, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 214-39-060

Multi Family

  • Owner Pays: Other, See Remarks
  • Number Of Units Total: 4
  • Electric Expense: 3109.0
  • Annual Gross Income: 47184.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 30301.0
  • Annual Operating Expense: 16883.0

Tax Info

  • Tax Annual Amount: 1314.0
  • Tax Book Number: 214.00
  • Tax Lot: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Dec 20, 2021
Sold by
Amer Ahmed and Amer Angie
Bought by
Raun Linde Erika S
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Shirley Carlson
Niksi
List Price
$595,000
Sold Price
$565,000
Premium/Discount to List
-$30,000
-5.04%
Current Estimated Value
$643,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,407
Avg. Annual Appreciation
3.30%
Original Mortgage
$565,000
Outstanding Balance
$518,741
Interest Rate
2.98%
Mortgage Type
VA
Estimated Equity
$124,666

Purchase Details

Listed on
Aug 22, 2019
Closed on
Sep 24, 2019
Sold by
Roessler Kurt F and Roessler Alfred C
Bought by
Amer Ahmed and Amer Angle
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$349,000
Sold Price
$318,500
Premium/Discount to List
-$30,500
-8.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.46%
Original Mortgage
$229,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2017
Closed on
Aug 26, 2017
Sold by
De La Torre Properties Iii Llc
Bought by
Roessler Alfred C and Alfred C Roesslera And Diana F Roessler
Seller's Agent
Lois Kaipainen
Income Property Shop
Buyer's Agent
Jennifer Moore
West USA Realty
List Price
$219,000
Sold Price
$214,000
Premium/Discount to List
-$5,000
-2.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.85%

Purchase Details

Closed on
Mar 20, 2008
Sold by
Vazquez Martin D
Bought by
De La Torre Properties Iii Llc

Purchase Details

Closed on
Feb 8, 2008
Sold by
De La Torre Properties Iii Llc
Bought by
Vazquez Martin D

Purchase Details

Closed on
Jan 27, 2006
Sold by
Vasquez Martin and Vazquez Martin D
Bought by
De La Torre Properties Iii Llc

Purchase Details

Closed on
Nov 17, 2005
Sold by
Bliven Investments Llc
Bought by
Vazquez Martin and Vazquez Martin D

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Raun Linde Erika S $565,000 Security Title Agency Inc
Amer Ahmed $318,500 Security Title Agency Inc
Roessler Alfred C $214,000 Chicago Title Agency Inc
De La Torre Properties Iii Llc -- None Available
Vazquez Martin D -- First American Title Ins Co
De La Torre Properties Iii Llc $380,000 None Available
Vazquez Martin $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
Open Raun Linde Erika S $565,000
Previous Owner Amer Ahmed $229,500
Previous Owner Vazquez Martin $304,000
Previous Owner Bliven Investments $13,125,000
Previous Owner Paradise Urban Investments Llc $11,257,450
Closed Vazquez Martin $38,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/28/2021 12/28/21 Sold $565,000 -5.0% $156 / Sq Ft
12/02/2021 12/02/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $595,000 +86.8% $164 / Sq Ft
10/08/2019 10/08/19 Sold $318,500 -8.7% $88 / Sq Ft View Prior Sale
08/22/2019 08/22/19 For Sale $349,000 +63.1% $96 / Sq Ft
08/31/2017 08/31/17 Sold $214,000 +2.4% $59 / Sq Ft View Prior Sale
07/22/2017 07/22/17 Pending -- -- --
05/31/2017 05/31/17 Price Changed $209,000 -4.6% $58 / Sq Ft
05/15/2017 05/15/17 For Sale $219,000 0.0% $61 / Sq Ft
05/01/2017 05/01/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $219,000 -- $61 / 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 $1,432 $14,016 -- --
2024 $1,366 $13,349 -- --
2023 $1,366 $39,730 $7,940 $31,790
2022 $1,352 $27,280 $5,450 $21,830
2021 $1,356 $23,480 $4,690 $18,790
2020 $1,314 $20,750 $4,150 $16,600
2019 $1,316 $18,210 $3,640 $14,570
2018 $1,273 $15,970 $3,190 $12,780
2017 $1,220 $15,060 $3,010 $12,050
2016 $1,200 $13,550 $2,710 $10,840
2015 $1,111 $12,670 $2,530 $10,140
Source: Public Records

Agents Affiliated with this Home

  • Rick Horst

    Seller's Agent in 2021

    Rick Horst

    Keller Williams Arizona Realty

    (480) 767-3014

    3 in this area

    33 Total Sales

    Rick Horst
    Section Image
  • Shirley Carlson

    Buyer's Agent in 2021

    Shirley Carlson

    Niksi

    (480) 677-0226

    1 in this area

    20 Total Sales

    Shirley Carlson
    Section Image
  • Kerry Keezer

    Seller Co-Listing Agent in 2019

    Kerry Keezer

    72SOLD

    (480) 760-1494

    18 in this area

    59 Total Sales

    Kerry Keezer
    Section Image

  • L

    Seller's Agent in 2017

    Lois Kaipainen

    Income Property Shop

    Section Image

  • J

    Buyer's Agent in 2017

    Jennifer Moore

    West USA Realty

    (602) 375-3300

    1 in this area

    53 Total Sales

    Jennifer Moore
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6285227

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-060

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2802 E Le Marche Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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