NOT LISTED FOR SALE

2814 E Le Marche Ave Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $581,065 - $662,000

-- Bed
-- Bath
3,618 Sq Ft
$175/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $625,000 $173 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,427/month

3 Days on Market

Highlights

  • Heated Community Pool
  • Community Playground
  • Ceramic Tile Flooring
  • Multiple cooling system units
  • Community Barbecue Grill
  • Ceiling Fan

About This Home

As of June 2022

4 Plex in Prime Phoenix location, lots of room to increase rental income. 1/1 $715.00, 2/2 $869.00, 2/2 $714.00, 3/3 $1021.00. Landlord pays HOA (water, sewer, trash, common area maintenance), Tenants pay electric & cable. 1 assigned parking spot per unit, plus other parking throughout complex. In 2018, all 4 units had new countertops and flooring installed, then 3 out of the 4 units received new blinds, and new vanities. Unit 102 is 100% tile throughout, other 3 units have carpet and tile. January 2022 NEW rolled roof installed. AC units replaced approximately 5 years ago. Tenants on month to month, would like to sign new leases and stay at property. DND Tenants, Drive by ONLY.

Last Agent to Sell the Property

Cassandra Mueller

eXp Realty License #SA654319000 Listed on: 04/20/2022

Last Buyer's Agent

Luis Espinoza

Gile Commercial Real Estate License #SA663217000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,354

Year Built

  • Built in 1982

Lot Details

  • 6,795

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Assigned Parking

Schools

  • Palomino Intermediate School
  • Greenway Middle School
  • Paradise Valley High School

Utilities

  • Multiple cooling system units
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 30
  • Assessor Parcel Number 214-39-058

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6782
  • Greenway Manor Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $9,868
  • Gross Income $47,700
  • Net Operating Income $27,589

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,354

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Greenway & 29th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: PAD-13
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENWAY MANOR
  • Cooling:Ceiling Fan(s): Yes
  • Construction:Wood Frame: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Built-In Range, Other, Disposal, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Pool2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Built-Up, Rolled/Hot Mop

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 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
  • Parking Features:Assigned: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, 2 or More Units
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Play Area, Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

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

Lot Info

  • Lot Size: 6782
  • Additional Parcels: No
  • Parcel #: 214-39-058

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 47700.01
  • Property Net Operating Income: 27589.16
  • Annual Operating Expense: 9868.0

Tax Info

  • Tax Annual Amount: 1354.0
  • Tax Book Number: 214.00
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2022
Closed on
Jun 28, 2022
Sold by
Dadla and Zahra
Bought by
Marchephoenixhomes Llc
Seller's Agent
Cassandra Mueller
eXp Realty
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$630,000
Sold Price
$625,000
Premium/Discount to List
-$5,000
-0.79%
Current Estimated Value
$633,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,266
Avg. Annual Appreciation
0.37%

Purchase Details

Listed on
Apr 20, 2022
Closed on
Apr 25, 2022
Sold by
Encore Properties 401 K Plan
Bought by
Dadia Aliakbar and Khambaty Zahra
Seller's Agent
Cassandra Mueller
eXp Realty
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$630,000
Sold Price
$625,000
Premium/Discount to List
-$5,000
-0.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2011
Sold by
Aurora Loan Services Llc
Bought by
Weigant David

Purchase Details

Closed on
Jan 26, 2011
Sold by
Stark David M
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Nov 1, 2005
Sold by
Bliven Investments Llc
Bought by
Stark David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
6.87%
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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Marchephoenixhomes Llc -- --
Dadia Aliakbar $625,000 Clear Title
Weigant David $70,000 Guaranty Title Agency
Aurora Loan Services Llc $291,400 Accommodation
Stark David M $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 Dadia Aliakbar $457,500
Previous Owner Stark David M $266,000
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
06/06/2022 06/06/22 Sold $625,000 -0.8% $173 / Sq Ft
05/28/2022 05/28/22 Price Changed $630,000 0.0% $174 / Sq Ft
05/24/2022 05/24/22 Price Changed $630,000 0.0% $174 / Sq Ft
04/23/2022 04/23/22 Pending -- -- --
04/20/2022 04/20/22 For Sale $630,000 -- $174 / 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 $1,430 $13,995 -- --
2024 $1,364 $13,329 -- --
2023 $1,364 $39,650 $7,930 $31,720
2022 $1,350 $27,220 $5,440 $21,780
2021 $1,354 $23,410 $4,680 $18,730
2020 $1,312 $20,680 $4,130 $16,550
2019 $1,314 $18,170 $3,630 $14,540
2018 $1,271 $15,930 $3,180 $12,750
2017 $1,218 $15,030 $3,000 $12,030
2016 $1,198 $13,520 $2,700 $10,820
2015 $1,109 $12,660 $2,530 $10,130
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Cassandra Mueller

    eXp Realty

  • Luis Espinoza

    Buyer's Agent in 2022

    Luis Espinoza

    Gile Commercial Real Estate

    (602) 373-9729

    6 in this area

    113 Total Sales

    Luis Espinoza
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6386701

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-058

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2814 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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