NOT LISTED FOR SALE

2813 E Paradise Ln Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $590,526 - $665,000

8 Beds
-- Bath
3,618 Sq Ft
$177/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $387,000 $107 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,471/month

Highlights

  • Heated Community Pool
  • Ceramic Tile Flooring
  • Heating Available
  • Community Barbecue Grill
  • Central Air

About This Home

As of February 2020

Excellent North Phoenix Investment Opportunity located in the community of Palomino Point. This building contains the preferred mix of (ONE) 3 Bedroom/3 Bathroom, (TWO) 2 Bedroom/2 Bathroom and (ONE) 1 Bedroom/1 Bathroom units. Each unit has their own Washer and Dryer hookups, patio or balcony, and 1 assigned covered parking space. The HOA covers the water, sewer, garbage, common area maintenance, pool and street maintenance. Tenants pay electric/cable. Owner pays taxes & insurance. Below market rents allow for rent increases. 2 units are month to month and (ONE) 2 bed/2 bath is currently vacant allowing you to set market rent. Easy access to the 51 freeway, close to shopping, parks, and schools (Palomino School is across the street) DRIVE BY ONLY...DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Ron and Kristina Wilczek

Metro Phoenix Homes, LLC License #BR518431000 Listed on: 02/14/2020

Last Buyer's Agent

Blaine Jarvis

Bullseye Property Management, LLC License #SA027837000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,310

Year Built

  • Built in 1982

Lot Details

  • 6,578

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Schools

  • Palomino Primary Elementary School
  • Palomino Intermediate School
  • Paradise Valley High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • Tax Lot 25
  • Assessor Parcel Number 214-39-053

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6589
  • Greenway Manor Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $10,726
  • Gross Income $34,915
  • Net Operating Income $24,189

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,310

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Bell Rd & 29th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: PAD-HD
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: Greenway Manor
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: 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
  • 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

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Pool

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes

Schools

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

Lot Info

  • Lot Size: 6589
  • Additional Parcels: No
  • Parcel #: 214-39-053

Multi Family

  • Owner Pays: See Remarks
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 34915.44
  • Insurance Expense: 902.0
  • Property Net Operating Income: 24189.0
  • Annual Operating Expense: 10726.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1310.0
  • Tax Book Number: 214.00
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2022
Sold by
Holbrook Mark S
Bought by
2813 E Paradise Trust
Current Estimated Value
$641,632

Purchase Details

Closed on
Mar 16, 2021
Sold by
Holbrook Mark S and Holbrook Nikki P
Bought by
Holbrook Mark S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,200
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 14, 2020
Closed on
Feb 28, 2020
Sold by
Thompson Jeremey
Bought by
M & N Time Investments Llc
Seller's Agent
Ron and Kristina Wilczek
Metro Phoenix Homes, LLC
Buyer's Agent
Blaine Jarvis
Bullseye Property Management, LLC
List Price
$387,000
Sold Price
$387,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.03%

Purchase Details

Listed on
Mar 2, 2016
Closed on
May 5, 2016
Sold by
Wilson Kenneth
Bought by
Thompson Jeremey
Seller's Agent
Larry Wright
DeLex Realty
Buyer's Agent
Chris Dunham
Brokers Hub Realty, LLC
List Price
$189,000
Sold Price
$189,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.70%
Original Mortgage
$191,020
Interest Rate
3.71%
Mortgage Type
VA

Purchase Details

Closed on
Jun 11, 2013
Sold by
Venture Paradise Llc
Bought by
Wilson Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2010
Sold by
Chen Jay W and Wu Hanna Y
Bought by
Venture Paradise Llc

Purchase Details

Closed on
Sep 25, 2009
Sold by
Wells Fargo Bank National Association
Bought by
Chen Jay and Wu Hanna

Purchase Details

Closed on
May 8, 2009
Sold by
Academia Vincent Sanpedro and Academia Rosario Celi
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
Feb 27, 2006
Sold by
Academia Vincent San Pedro and Academia Rosario Celi
Bought by
Vra Investments Llc

Purchase Details

Closed on
Nov 7, 2005
Sold by
Bliven Investments Llc
Bought by
Academia Vincent San Pedro and Academia Rosario Celi

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
Negative Amortization

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
2813 E Paradise Trust -- None Listed On Document
Holbrook Mark S -- Silk Abstract Company
Holbrook Mark -- Silk Abstract Company
M & N Time Investments Llc $387,000 Great American Title Agency
Thompson Jeremey $187,000 Chicago Title Agency Inc
Wilson Kenneth $155,000 Empire West Title Agency
Venture Paradise Llc $120,000 None Available
Chen Jay $123,200 None Available
Wells Fargo Bank National Association -- None Available
Academia Vincent San Pedro -- None Available
Vra Investments Llc $380,000 None Available
Academia Vincent San Pedro $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 Holbrook Mark S $284,200
Previous Owner Thompson Jeremey $191,020
Previous Owner Wilson Kenneth $116,250
Previous Owner Academia Vincent San Pedro $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 List to Sale Price per Sq Ft Prior Sale
02/28/2020 02/28/20 Sold $387,000 0.0% $107 / Sq Ft
02/14/2020 02/14/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $387,000 +104.8% $107 / Sq Ft
05/10/2016 05/10/16 Sold $189,000 0.0% $52 / Sq Ft View Prior Sale
03/29/2016 03/29/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $189,000 -- $52 / 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 $1,425 $13,948 -- --
2024 $1,359 $13,283 -- --
2023 $1,359 $39,520 $7,900 $31,620
2022 $1,346 $27,130 $5,420 $21,710
2021 $1,350 $23,320 $4,660 $18,660
2020 $1,308 $20,610 $4,120 $16,490
2019 $1,310 $18,120 $3,620 $14,500
2018 $1,267 $15,900 $3,180 $12,720
2017 $1,214 $15,000 $3,000 $12,000
2016 $1,194 $13,470 $2,690 $10,780
2015 $1,106 $12,620 $2,520 $10,100
Source: Public Records

Agents Affiliated with this Home

  • Blaine Jarvis

    Buyer's Agent in 2020

    Blaine Jarvis

    Bullseye Property Management, LLC

    (480) 433-6163

    70 Total Sales

    Blaine Jarvis
    Section Image
  • Larry Wright

    Seller's Agent in 2016

    Larry Wright

    DeLex Realty

    (602) 264-8400

    Larry Wright
    Section Image
  • Chris Dunham

    Buyer's Agent in 2016

    Chris Dunham

    Brokers Hub Realty, LLC

    (602) 321-6188

    2 in this area

    92 Total Sales

    Chris Dunham
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6037190

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-053

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2813 E Paradise Ln, 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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