NOT LISTED FOR SALE

2807 E Paradise Ln Phoenix, AZ 85032

Paradise Valley Neighborhood

Estimated Value: $508,268 - $696,000

-- Bed
-- Bath
3,618 Sq Ft
$171/Sq Ft Est. Value

Last Sold January 16, 2019

Last sale price $287,900 $80 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $3,395/month

61 Days on Market

Highlights

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

About This Home

As of January 2019

Current rents at $625 (1b1b exp 8/19), $916(3b3b exp 2/19), $525(long term tenant MTM), $750(2b1.5b exp 12/31/19). Great unit mix with 1-2BR, 2Bth, 1-2BR, 1&1/2 Bth, 1-3BR, 3Bth & 1-1BR, 1Bth all with w/d hookups. The HOA keeps this complex and it's amenities which include a pool, play area, and landscaping well maintained. The HOA also includes Water, sewer, and trash. Tenants pay electric. No gas on property. Turn key property

Last Agent to Sell the Property

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000 Listed on: 10/26/2018

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Ruben Porchas

Realty85 License #BR511956000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,265

Year Built

  • Built in 1982

Lot Details

  • 6,534

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 1 Open Parking Space
  • 6 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 24
  • Assessor Parcel Number 214-39-052

Community Details

Overview

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

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $11,927
  • Gross Income $31,475
  • Net Operating Income $19,549

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,265

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 29th St & Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: PAD-13
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2018
  • Directions: N to Marconi, W to 28th Pl, N to Paradise, west to property
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENWAY MANOR LOT 1-72 TR A-E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Frame - Wood
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Play Area, Pool

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Community Amenities:Play Area: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 214-39-052

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 31475.4
  • Insurance Expense: 600.0
  • Maintenance Expense: 2275.65
  • Property Net Operating Income: 19548.8
  • Annual Operating Expense: 11926.6
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1265.0
  • Tax Book Number: 214.00
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2018
Closed on
Jan 8, 2019
Sold by
Sidelnikov Sergey and Sidelnikov Tanya
Bought by
Horvath Alex and Horvath Elizabeth
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Ruben Porchas
Realty85
List Price
$298,900
Sold Price
$287,900
Premium/Discount to List
-$11,000
-3.68%
Total Days on Market
61
Current Estimated Value
$617,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,917
Avg. Annual Appreciation
12.65%

Purchase Details

Listed on
May 18, 2013
Closed on
Aug 1, 2013
Sold by
Somaz 1 Llc
Bought by
Sidelnikov Sergey and Sidelnikov Tanya
Seller's Agent
Pat Hune
1st Southwest Realty, LLC
Buyer's Agent
Garen Avanesyan
Realty ONE Group
List Price
$164,900
Sold Price
$155,000
Premium/Discount to List
-$9,900
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.20%
Original Mortgage
$116,250
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2011
Sold by
Mattern Bernard H
Bought by
Mattern 1 Llc

Purchase Details

Closed on
Apr 4, 2011
Sold by
Mattern Bernhard H
Bought by
Mattern Bernhard H

Purchase Details

Closed on
Mar 2, 2011
Sold by
Saunders Jeffrey Allan and Saunders Karin Warren
Bought by
Mattern Bernhard

Purchase Details

Closed on
Dec 5, 2005
Sold by
Bliven Investments Llc
Bought by
Saunders Jeffrey Allan and Saunders Karin Warren

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
4.5%
Mortgage Type
Purchase Money Mortgage

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:

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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
Horvath Alex $287,900 Security Title Agency Inc
Sidelnikov Sergey $155,000 First American Title Ins Co
Mattern 1 Llc -- None Available
Mattern Bernhard H -- None Available
Mattern Bernhard $90,000 Chicago Title
Saunders Jeffrey Allan $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 Sidelnikov Sergey $116,250
Previous Owner Saunders Jeffrey Allan $304,000
Previous Owner Bliven Investments $13,125,000
Previous Owner Paradise Urban Investments Llc $11,257,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2019 01/16/19 Sold $287,900 -3.7% $80 / Sq Ft
12/26/2018 12/26/18 Pending -- -- --
10/26/2018 10/26/18 For Sale $298,900 +92.8% $83 / Sq Ft
08/30/2013 08/30/13 Sold $155,000 -6.0% $43 / Sq Ft
08/01/2013 08/01/13 Pending -- -- --
05/18/2013 05/18/13 For Sale $164,900 -- $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 $1,387 $13,931 -- --
2024 $1,358 $13,267 -- --
2023 $1,358 $39,470 $7,890 $31,580
2022 $1,344 $27,110 $5,420 $21,690
2021 $1,348 $23,280 $4,650 $18,630
2020 $1,306 $20,570 $4,110 $16,460
2019 $1,308 $18,110 $3,620 $14,490
2018 $1,265 $15,880 $3,170 $12,710
2017 $1,213 $14,980 $2,990 $11,990
2016 $1,192 $13,460 $2,690 $10,770
2015 $1,104 $12,610 $2,520 $10,090
Source: Public Records

Agents Affiliated with this Home

  • Brian Gaffney

    Seller's Agent in 2019

    Brian Gaffney

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 264-8400

    2 in this area

    26 Total Sales

    Brian Gaffney
    Section Image
  • Ruben Porchas

    Buyer's Agent in 2019

    Ruben Porchas

    Realty85

    (480) 652-7040

    26 Total Sales

    Ruben Porchas
    Section Image
  • Pat Hune

    Seller's Agent in 2013

    Pat Hune

    1st Southwest Realty, LLC

    (480) 703-1976

    1 in this area

    67 Total Sales

    Pat Hune
    Section Image
  • Garen Avanesyan

    Buyer's Agent in 2013

    Garen Avanesyan

    Realty One Group

    (602) 910-3002

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5838759

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-052

Arizona Maricopa County Phoenix 85032 Paradise Valley

2807 E Paradise Ln, Phoenix, AZ

This home is located at 2807 E Paradise Ln, Phoenix, AZ 85032 since 26 October 2018 and is currently estimated at $617,817, approximately $170 per square foot. This property was built in 1982. 2807 E Paradise Ln is a home located in Maricopa County with nearby schools including Palomino Primary School, Palomino Intermediate School, and Greenway Middle School.

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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