NOT LISTED FOR SALE

2814 E Kathleen Rd Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $665,000 - $699,000

-- Bed
-- Bath
3,618 Sq Ft
$187/Sq Ft Est. Value

Last Sold September 19, 2022

Last sale price $652,500 $180 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,702/month

46 Days on Market

Highlights

  • Clubhouse
  • Cooling Available
  • Community Barbecue Grill
  • Heated Community Pool
  • Community Playground
  • Ceramic Tile Flooring

About This Home

As of September 2022

Excellent Investment Opportunity! This 4 plex, single building multi-family investment consists of 2 - 3 Bed 2 bath units, 1 - 1 Bed 1 bath unit, and 1 - 3 bed 2 bath unit. Building features include updated heating and air, well maintained and professionally managed, stable rent with room to improve to market rates. The complex itself features multiple play areas, a pool and community center. Sellers will be using 1031 exchange. Call with any questions. No showings, drive by only until accepted contract.

Last Agent to Sell the Property

Curtis Dean

NORTH&CO. License #SA623683000 Listed on: 06/10/2022

Last Buyer's Agent

Frank Morales

HomeSmart License #BR635662000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,330

Year Built

  • Built in 1982

Lot Details

  • 5,750

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

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

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, water, cable TV
  • The owner pays for trash collection, landscaping, pool/spa maintenance
  • Tax Lot 52
  • Assessor Parcel Number 214-39-080

Community Details

Overview

  • 4 Units
  • Building Dimensions are 5768
  • Palomino Point Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $11,537
  • Gross Income $43,557
  • Net Operating Income $32,019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,330

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Greenway and 29th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: PAD-13
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2021
  • Directions: From Greenway, North on 29th St, left on E Marconi Ave (enter gated community), Left on 28th St, Right on Kathleen, property is Building 52 (sign on the front) on the corner of Kathleen and 28th st.
  • Road Surface Type: Asphalt
  • Subdivision Name: Palomino Point
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range, Compactor, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Compactor2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile, Foam, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Play Area, Clubhouse, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes
  • Community Amenities:Play Area: Yes
  • Community Amenities:Clubhouse: Yes

Schools

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

Lot Info

  • Lot Size: 5768
  • Additional Parcels: No
  • Parcel #: 214-39-080

Multi Family

  • Owner Pays: Trash Collection, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Gas, Electricity, Water, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 43557.0
  • Insurance Expense: 1693.0
  • Property Net Operating Income: 32019.0
  • Annual Operating Expense: 11537.0

Tax Info

  • Tax Annual Amount: 1330.0
  • Tax Book Number: 214.00
  • Tax Lot: 52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2019
Closed on
Aug 14, 2019
Sold by
Koduri Satya Lakshmi Sruti
Bought by
Karnati Vamshi
Seller's Agent
Randy Smith
My Home Group Real Estate
Buyer's Agent
Curtis Dean
Compass
List Price
$335,000
Sold Price
$315,000
Premium/Discount to List
-$20,000
-5.97%
Current Estimated Value
$676,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,636
Avg. Annual Appreciation
13.28%
Original Mortgage
$236,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2019
Closed on
Jul 29, 2019
Sold by
Kingdom Properties Iii Llc
Bought by
Katari Venkatesh and Kommaraju Vikram
Seller's Agent
Randy Smith
My Home Group Real Estate
Buyer's Agent
Curtis Dean
Compass
List Price
$335,000
Sold Price
$315,000
Premium/Discount to List
-$20,000
-5.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 14, 2017
Closed on
May 22, 2017
Sold by
Kme-Four Llc
Bought by
Kingdom Properties Iii Ll C
Seller's Agent
Marty Stephens
HomeSmart
Buyer's Agent
Randy Smith
My Home Group Real Estate
List Price
$210,000
Sold Price
$205,000
Premium/Discount to List
-$5,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.24%
Interest Rate
4.02%

Purchase Details

Listed on
May 19, 2015
Closed on
Jun 9, 2015
Sold by
Lee James and Lee Susan
Bought by
Kme Four Llc
Seller's Agent
Robert Davis
RMG Realty
Buyer's Agent
Marty Stephens
HomeSmart
List Price
$189,900
Sold Price
$180,000
Premium/Discount to List
-$9,900
-5.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.86%

Purchase Details

Closed on
Mar 8, 2011
Sold by
R & S Partners Lp
Bought by
Lee James and Lee Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,875
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2006
Sold by
Byrnes Randall
Bought by
R & S Partners Lp

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
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 2005
Sold by
Byrnes Susan P
Bought by
Byrnes Randall

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
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Karnati Vamshi -- Empire West Title Agency Llc
Kommaraju Vikram -- Empire West Title Agency Llc
Katari Venkatesh $315,000 Empire West Title Agency Llc
Kingdom Properties Iii Ll C $205,000 --
Kme Four Llc $180,000 First American Title Ins Co
Lee James $90,000 Magnus Title Agency
R & S Partners Lp -- Tsa Title Agency
Byrnes Randall -- Tsa Title Agency
Byrnes Randall $380,000 Tsa Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katari Venkatesh $236,250
Previous Owner Kingdom Properties Iii Ll C --
Previous Owner Lee James $61,875
Previous Owner Byrnes Randall $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2022 09/19/22 Sold $652,500 -2.6% $180 / Sq Ft
09/16/2022 09/16/22 Price Changed $670,000 0.0% $185 / Sq Ft
07/26/2022 07/26/22 Pending -- -- --
07/15/2022 07/15/22 Price Changed $670,000 -0.7% $185 / Sq Ft
06/20/2022 06/20/22 For Sale $675,000 0.0% $187 / Sq Ft
06/14/2022 06/14/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $675,000 +114.3% $187 / Sq Ft
08/15/2019 08/15/19 Sold $315,000 -3.1% $87 / Sq Ft
07/07/2019 07/07/19 Pending -- -- --
06/07/2019 06/07/19 Price Changed $325,000 -3.0% $90 / Sq Ft
05/13/2019 05/13/19 For Sale $335,000 +63.4% $93 / Sq Ft
05/22/2017 05/22/17 Sold $205,000 -2.4% $57 / Sq Ft
04/17/2017 04/17/17 Pending -- -- --
04/14/2017 04/14/17 For Sale $210,000 +16.7% $58 / Sq Ft
06/08/2015 06/08/15 Sold $180,000 -5.2% $50 / Sq Ft
06/03/2015 06/03/15 Pending -- -- --
05/13/2015 05/13/15 For Sale $189,900 -- $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 $1,368 $13,747 -- --
2024 $1,340 $13,092 -- --
2023 $1,340 $38,950 $7,790 $31,160
2022 $1,326 $26,770 $5,350 $21,420
2021 $1,330 $22,910 $4,580 $18,330
2020 $1,289 $20,250 $4,050 $16,200
2019 $1,291 $17,910 $3,580 $14,330
2018 $1,248 $15,730 $3,140 $12,590
2017 $1,197 $14,860 $2,970 $11,890
2016 $1,177 $13,280 $2,650 $10,630
2015 $1,090 $12,480 $2,490 $9,990
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Curtis Dean

    North & Co

  • Frank Morales

    Buyer's Agent in 2022

    Frank Morales

    HomeSmart

    (480) 390-3308

    3 in this area

    34 Total Sales

    Frank Morales
    Section Image
  • Marty Stephens

    Seller's Agent in 2017

    Marty Stephens

    HomeSmart

    (602) 418-3918

    6 in this area

    16 Total Sales

    Marty Stephens
    Section Image

  • R

    Buyer's Agent in 2017

    Randy Smith

    My Home Group

    (480) 685-2760

    6 Total Sales

    Randy Smith
    Section Image

  • R

    Seller's Agent in 2015

    Robert Davis

    RMG Realty

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6415058

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-080

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2814 E Kathleen Rd, Phoenix, AZ

This home is located at 2814 E Kathleen Rd, Phoenix, AZ 85032 since 10 June 2022 and is currently estimated at $676,636, approximately $187 per square foot. This property was built in 1982. 2814 E Kathleen Rd 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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