NOT LISTED FOR SALE

2808 E Le Marche Ave Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $549,326 - $665,000

-- Bed
-- Bath
3,618 Sq Ft
$174/Sq Ft Est. Value

Last Sold February 13, 2020

Last sale price $360,000 $100 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,416/month

20 Days on Market

Highlights

  • Heated Community Pool
  • Community Playground
  • Heat Pump System
  • Cooling Available
  • Vinyl Flooring

About This Home

As of February 2020

Newer 4plex (built in 1982) Located in Phoenix NorthEast area 100% occupied, Low property tax, Instant Cash Flow Three unit fully remodeled (approx) two years ago,This building contains the preferred mix , including a 3 bedroom/3 bath unit. Balconies, Inside laundry. The property is located across from Palomino School and Park. Amenities include covered parking and a community pool. The HOA fee ($709/month) includes pool, landscaping, water, sewer, trash, and parking lot maintenance. Tenants pay electricity. Some, but not all washer/dryers convey. Seal 2019 with this great investment (do not disturb the tenants)

Last Agent to Sell the Property

Ali Al-Asady

HomeSmart License #SA542527000 Listed on: 12/06/2019

HomeSmart

Co-Listed By

Fatima Al-Asady

HomeSmart License #SA661869000

Last Buyer's Agent

Curtis Dean

Compass License #SA623683000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,300

Year Built

  • Built in 1982

Lot Details

  • 6,229

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 31
  • Assessor Parcel Number 214-39-059

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $11,254
  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,300

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 32nd St and Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: PAD-13
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril04
  • Co List Office Phone: 602-230-7600
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Play Area, Pool

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Play Area: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 214-39-059

Multi Family

  • Owner Pays: None
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 38400.0
  • Insurance Expense: 1440.0
  • Annual Operating Expense: 11254.0

Tax Info

  • Tax Annual Amount: 1300.0
  • Tax Book Number: 214.00
  • Tax Lot: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2019
Closed on
Feb 11, 2020
Sold by
Gudali Pranayini
Bought by
Gajjala Abhiram
Seller's Agent
Ali Al-Asady
HomeSmart
Buyer's Agent
Curtis Dean
Compass
List Price
$380,000
Sold Price
$360,000
Premium/Discount to List
-$20,000
-5.26%
Current Estimated Value
$631,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,332
Avg. Annual Appreciation
10.02%
Original Mortgage
$270,000
Outstanding Balance
$239,106
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$392,226

Purchase Details

Listed on
Dec 6, 2019
Closed on
Jan 28, 2020
Sold by
Boppana Spandana
Bought by
Kolla Kartheek Babu
Seller's Agent
Ali Al-Asady
HomeSmart
Buyer's Agent
Curtis Dean
Compass
List Price
$380,000
Sold Price
$360,000
Premium/Discount to List
-$20,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$239,106
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$392,226

Purchase Details

Listed on
Dec 6, 2019
Closed on
Dec 30, 2019
Sold by
Abduljabar Sohaib Mokbil
Bought by
Gajjala Abhiram and Kolla Kartheek Babu
Seller's Agent
Ali Al-Asady
HomeSmart
Buyer's Agent
Curtis Dean
Compass
List Price
$380,000
Sold Price
$360,000
Premium/Discount to List
-$20,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$239,106
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$392,226

Purchase Details

Listed on
Mar 19, 2015
Closed on
Apr 16, 2015
Sold by
Murugan Chenthil Kumar and Ravindran Bala
Bought by
Abduljabar Sohaib Mokbil
Seller's Agent
Mark Skelpsa
HomeSmart Realty
Buyer's Agent
Mona Oshana
Southwest Property Sales & Leasing
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.57%

Purchase Details

Closed on
Mar 12, 2010
Sold by
Kumar Dilrupa Chenthil
Bought by
Murugan Chenthil Kumar

Purchase Details

Closed on
Mar 5, 2010
Sold by
Aurora Loan Services Llc
Bought by
Murugan Chenthil Kumar and Ravindran Bala

Purchase Details

Closed on
Dec 8, 2009
Sold by
Hibbert Chris and Stucke Janet
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jul 10, 2007
Sold by
Hibbert Christopher T and Stucke Janet
Bought by
Zaisan 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
Gajjala Abhiram -- Empire West Title Agency Llc
Kolla Kartheek Babu -- Empire West Title Agency Llc
Gajjala Abhiram $360,000 Empire West Title Agency Llc
Abduljabar Sohaib Mokbil $165,000 First Arizona Title Agency
Murugan Chenthil Kumar -- Fidelity Natl Title Ins Co
Panikkar Madhuraj -- Fidelity Natl Title Ins Co
Ravindran Bala -- Fidelity Natl Title Ins Co
Murugan Chenthil Kumar $94,000 Fidelity Natl Title Ins Co
Aurora Loan Services Llc $329,033 Servicelink
Zaisan Llc -- None Available
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 Gajjala Abhiram $270,000
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
02/13/2020 02/13/20 Sold $360,000 -5.3% $100 / Sq Ft
02/11/2020 02/11/20 For Sale $380,000 0.0% $105 / Sq Ft
02/07/2020 02/07/20 Price Changed $380,000 0.0% $105 / Sq Ft
01/11/2020 01/11/20 Price Changed $380,000 0.0% $105 / Sq Ft
12/26/2019 12/26/19 Pending -- -- --
12/06/2019 12/06/19 For Sale $380,000 +130.3% $105 / Sq Ft
04/20/2015 04/20/15 Sold $165,000 -5.7% $46 / Sq Ft View Prior Sale
04/05/2015 04/05/15 Pending -- -- --
03/19/2015 03/19/15 For Sale $175,000 -- $48 / 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 $1,415 $13,849 -- --
2024 $1,350 $13,190 -- --
2023 $1,350 $39,260 $7,850 $31,410
2022 $1,336 $26,970 $5,390 $21,580
2021 $1,340 $23,130 $4,620 $18,510
2020 $1,299 $20,450 $4,090 $16,360
2019 $1,300 $18,020 $3,600 $14,420
2018 $1,258 $15,820 $3,160 $12,660
2017 $1,206 $14,930 $2,980 $11,950
2016 $1,186 $13,400 $2,680 $10,720
2015 $1,098 $12,560 $2,510 $10,050
Source: Public Records

Agents Affiliated with this Home

  • Ali Al-Asady

    Seller's Agent in 2020

    Ali Al-Asady

    HomeSmart

    (623) 332-4116

    5 in this area

    90 Total Sales

    Ali Al-Asady
    Section Image

  • F

    Seller Co-Listing Agent in 2020

    Fatima Al-Asady

    HomeSmart

    (623) 703-2990

    3 in this area

    68 Total Sales

    Fatima Al-Asady
    Section Image
  • Curtis Dean

    Buyer's Agent in 2020

    Curtis Dean

    Compass

    (602) 316-6790

    1 in this area

    24 Total Sales

    Curtis Dean
    Section Image

  • M

    Seller's Agent in 2015

    Mark Skelpsa

    HomeSmart Realty

    Section Image
  • Mona Oshana

    Buyer's Agent in 2015

    Mona Oshana

    Southwest Property Sales & Leasing

    (623) 203-7424

    25 Total Sales

    Mona Oshana
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6012476

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-059

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2808 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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