NOT LISTED FOR SALE

2807 E Paradise Ln Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $501,807 - $566,000

Studio
-- Bath
3,618 Sq Ft
$147/Sq Ft Est. Value

Sale Details

Date Sold: January 16, 2019

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

Est. 84% increase in value since last sale

Current estimated payment $3,004 / mo

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

6,534 Sq Ft Lot

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
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2018
Closed on
Jan 8, 2019
Sold by
Bought by
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%
Current Estimated Value
$530,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,052
Avg. Annual Appreciation
8.49%

Purchase Details

Listed on
May 18, 2013
Closed on
Aug 1, 2013
Sold by
Bought by
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
0.0433%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2011
Sold by
Bought by

Purchase Details

Closed on
Apr 4, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 2, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 2005
Sold by
Bought by

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
0.045%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2005
Sold by
Bought by

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
0.0564%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2004
Sold by
Bought by

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
0.0606%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$287,900 Security Title Agency Inc
$155,000 First American Title Ins Co
-- None Available
-- None Available
$90,000 Chicago Title
$380,000 Tsa Title Agency
$17,300,000 --
$12,100,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $300,000
Previous Owner $116,250
Previous Owner $304,000
Previous Owner $13,125,000
Previous Owner $11,257,450
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,424 $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

    18 Total Sales

    Brian Gaffney
    Section Image
  • Ruben Porchas

    Buyer's Agent in 2019

    Ruben Porchas

    Realty85

    (480) 652-7040

    15 Total Sales

    Ruben Porchas
    Section Image
  • Pat Hune

    Seller's Agent in 2013

    Pat Hune

    1st Southwest Realty, LLC

    (480) 703-1976

    39 Total Sales

    Pat Hune
    Section Image

  • G

    Buyer's Agent in 2013

    Garen Avanesyan

    Realty One Group

    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 Village

2807 E Paradise Ln, Phoenix, AZ

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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