NOT LISTED FOR SALE

2807 E Le Marche Ave Unit 34 Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $373,756 - $670,000

-- Bed
8 Baths
6,029 Sq Ft
$97/Sq Ft Est. Value

Last Sold September 12, 2013

Last sale price $160,000 $27 Per Sq Ft

Est. 266% increase in value since last sale

Current estimated payment $3,179/month

4 Days on Market

Highlights

  • Heated Community Pool
  • Community Playground
  • Carpet
  • Cooling Available
  • Community Barbecue Grill
  • Heating Available

About This Home

As of September 2013

75% occupied four plex with 8% CAP. Conveniently located across from Palomino School & park. Community pool, green area, patios or decks & 1 covered parking space per unit. Units are 1-2BR, 2Bth, 1-2BR, 1&1/2 Bth, 1-3BR, 3Bth & 1-1BR, 1Bth. Washer/dryer hook ups in each. #101 rented @$550-exp 12/31/13, #102 rented @ $450-exp 1/31/14, #103 rented @ $750-exp 10/25/13, #203 rent ready. Seller put $20K in rehabbing units & maintenance in last 12 mths. HOA dues $512 per month per building (not unit) includes pool, common area, & parking lot maint, porter, 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

Pat Hune

1st Southwest Realty, LLC License #BR529524000 Listed on: 08/06/2013

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,112

Year Built

  • Built in 1982

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport
  • Assigned Parking

Schools

  • Palomino Primary Elementary School
  • Greenway High Middle School
  • Paradise Valley High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number 214-39-062

Community Details

Overview

  • 4 Units
  • Building Dimensions are 5327

Recreation

  • Community Playground
  • Heated Community Pool

Additional Features

  • Community Barbecue Grill
  • Operating Expense $10,656

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,112

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 32nd St & Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: PAD13 - Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2012
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 2400.0
  • 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, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Pool2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 1 Space/Unit, 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
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Barbecue, Play Area, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

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

Lot Info

  • Lot Size: 5327
  • Additional Parcels: No
  • Parcel #: 214-39-062

Multi Family

  • Owner Pays: Other, See Remarks
  • Number Of Units Total: 4
  • Insurance Expense: 1000.0
  • Annual Operating Expense: 10656.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1112.0
  • Tax Book Number: 214.00
  • Tax Lot: 34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2021
Sold by
Moore Michael Ryan
Bought by
Moore Michael Ryan and Moore Lindsay
Current Estimated Value
$585,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Outstanding Balance
$241,575
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$344,114

Purchase Details

Closed on
Apr 15, 2019
Sold by
Moore Michael Ryan
Bought by
2807 Lw Marche Llc

Purchase Details

Closed on
Jan 20, 2016
Sold by
Moore Lindsay Suzanne
Bought by
Moore Ii Michael Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 6, 2013
Closed on
Sep 9, 2013
Sold by
Somaz I Llc
Bought by
Miller David and Miller Meghan
Seller's Agent
Pat Hune
1st Southwest Realty, LLC
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$164,900
Sold Price
$160,000
Premium/Discount to List
-$4,900
-2.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.12%
Original Mortgage
$120,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 12, 2012
Closed on
May 17, 2012
Sold by
2807 E Le Marche Llc
Bought by
Somaz 1 Llc
Seller's Agent
Pat Hune
1st Southwest Realty, LLC
Buyer's Agent
Karen Vugt
1st Southwest Realty, LLC
List Price
$75,000
Sold Price
$80,000
Premium/Discount to List
$5,000
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
69.74%

Purchase Details

Closed on
Mar 16, 2006
Sold by
Chun Dianne S and Cherk David W
Bought by
2807 E Le Marche Llc

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
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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
Moore Michael Ryan -- First American Title Ins Co
2807 Lw Marche Llc -- None Available
Moore Ii Michael Ryan -- First American Title Ins Co
Moore Ii Michael Ryan $185,000 First American Title Ins Co
Miller David $160,000 Empire West Title Agency
Somaz 1 Llc $80,000 Lawyers Title Of Arizona Inc
2807 E Le Marche Llc -- 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 Moore Michael Ryan $266,000
Previous Owner Moore Ii Michael Ryan $138,750
Previous Owner Miller David $120,000
Previous Owner Bliven Investments $13,125,000
Previous Owner Paradise Urban Investments Llc $11,257,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2013 09/12/13 Sold $160,000 -3.0% $27 / Sq Ft
08/10/2013 08/10/13 Pending -- -- --
08/06/2013 08/06/13 For Sale $164,900 +106.1% $27 / Sq Ft
05/23/2012 05/23/12 Sold $80,000 +6.7% $13 / Sq Ft View Prior Sale
02/12/2012 02/12/12 Pending -- -- --
02/12/2012 02/12/12 For Sale $75,000 -- $12 / 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 $1,422 $13,914 -- --
2024 $1,356 $13,251 -- --
2023 $1,356 $39,380 $7,870 $31,510
2022 $1,342 $27,060 $5,410 $21,650
2021 $1,346 $23,230 $4,640 $18,590
2020 $1,305 $20,530 $4,100 $16,430
2019 $1,306 $18,070 $3,610 $14,460
2018 $1,264 $15,860 $3,170 $12,690
2017 $1,211 $14,970 $2,990 $11,980
2016 $1,191 $13,430 $2,680 $10,750
2015 $1,103 $12,600 $2,520 $10,080
Source: Public Records

Agents Affiliated with this Home

  • Pat Hune

    Seller's Agent in 2013

    Pat Hune

    1st Southwest Realty, LLC

    (480) 703-1976

    1 in this area

    49 Total Sales

    Pat Hune
    Section Image
  • Linda Gerchick

    Buyer's Agent in 2013

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    1 in this area

    113 Total Sales

    Linda Gerchick
    Section Image

  • L

    Buyer's Agent in 2013

    Linda CCIM

    Stephen Magee Int'l Properties

  • K

    Buyer's Agent in 2012

    Karen Vugt

    1st Southwest Realty, LLC

    (602) 316-7028

    Karen Vugt
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4979144

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-062

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2807 E Le Marche Ave Unit 34, 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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