NOT LISTED FOR SALE

2814 E Monte Cristo Ave Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $335,241 - $660,000

1 Bed
-- Bath
3,618 Sq Ft
$157/Sq Ft Est. Value

Last Sold February 06, 2014

Last sale price $150,000 $41 Per Sq Ft

Est. 278% increase in value since last sale

Current estimated payment $3,081/month

90 Days on Market

Highlights

  • Heated Community Pool
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Cooling Available

About This Home

As of February 2014

Possibility of 8 units with residential financing! 2814 E Monte Cristo can be sold together with 2820 E Monte Cristo. Preferred unit mix in Palomino Point! 3 bed/3 bath, 2 bed/2 bath, 2 bed/1.5 bath townhouse and a large 1 bed/1 bath. HOA pays water/sewer/trash and landscaping. Buyer to verify all items prior to close of escrow.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 10/14/2013

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Joseph Cohan

IRS/International Realty Services, Inc. License #BR104965000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,105

Year Built

  • Built in 1982

Lot Details

  • 5,924

Home Design

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

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 38
  • Assessor Parcel Number 214-39-066

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $10,699
  • Gross Income $23,738
  • Net Operating Income $11,617

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,105

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Greenway/32nd St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile, Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS, SRP, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 214-39-066

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 23738.4
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2250.0
  • Property Net Operating Income: 11617.0
  • Annual Operating Expense: 10699.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1105.0
  • Tax Book Number: 214.00
  • Tax Lot: 38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2013
Closed on
Jan 17, 2014
Sold by
Solano Joel
Bought by
Pereira Walter
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Joseph Cohan
IRS/International Realty Services, Inc.
List Price
$169,000
Sold Price
$150,000
Premium/Discount to List
-$19,000
-11.24%
Current Estimated Value
$567,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$417,310
Avg. Annual Appreciation
11.84%

Purchase Details

Listed on
Jan 5, 2012
Closed on
Jul 12, 2012
Sold by
Henkel Danielle
Bought by
Solano Joel
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Patrick O'Sullivan
Get Multifamily
List Price
$95,000
Sold Price
$103,000
Premium/Discount to List
$8,000
8.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.25%
Original Mortgage
$77,250
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 5, 2012
Closed on
Jul 10, 2012
Sold by
Mai Investments Inc
Bought by
Solano Joel
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Patrick O'Sullivan
Get Multifamily
List Price
$95,000
Sold Price
$103,000
Premium/Discount to List
$8,000
8.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,250
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2006
Sold by
Wilhelmsen Finn and Wilhelmsen Mai
Bought by
Mai Investments Llc

Purchase Details

Closed on
Dec 8, 2005
Sold by
Wilhelmsen Finn
Bought by
Wilhelmsen Finn and Wilhelmsen Mai

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
4.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 29, 2005
Sold by
Bliven Investments Llc
Bought by
Wilhelmsen Finn

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
4.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 22, 2005
Sold by
Wilhelmsen Mai
Bought by
Wilhelmsen Finn

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
4.5%
Mortgage Type
Fannie Mae Freddie Mac

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
$304,000
Interest Rate
4.5%
Mortgage Type
Fannie Mae Freddie Mac

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
Pereira Walter $150,000 Chicago Title Agency Inc
Solano Joel -- Chicago Title Agency Inc
Solano Joel $103,000 Chicago Title Agency Inc
Mai Investments Llc $380,000 None Available
Wilhelmsen Finn -- Tsa Title Agency
Wilhelmsen Finn $380,000 Tsa Title Agency
Wilhelmsen Finn -- 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 Solano Joel $77,250
Previous Owner Solano Joel $77,250
Previous Owner Wilhelmsen Finn $304,000
Previous Owner Wilhelmsen Finn $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
02/06/2014 02/06/14 Sold $150,000 -11.2% $41 / Sq Ft
01/12/2014 01/12/14 Pending -- -- --
10/14/2013 10/14/13 For Sale $169,000 +64.1% $47 / Sq Ft
07/16/2012 07/16/12 Sold $103,000 +8.4% $28 / Sq Ft View Prior Sale
01/25/2012 01/25/12 Pending -- -- --
01/05/2012 01/05/12 For Sale $95,000 -- $26 / 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 $1,409 $13,785 -- --
2024 $1,343 $13,129 -- --
2023 $1,343 $39,070 $7,810 $31,260
2022 $1,330 $26,850 $5,370 $21,480
2021 $1,334 $23,000 $4,600 $18,400
2020 $1,293 $20,320 $4,060 $16,260
2019 $1,294 $17,950 $3,590 $14,360
2018 $1,252 $15,770 $3,150 $12,620
2017 $1,200 $14,880 $2,970 $11,910
2016 $1,180 $13,320 $2,660 $10,660
2015 $1,093 $12,520 $2,500 $10,020
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2014

    Lois Kaipainen

    Income Property Shop

    Section Image
  • Joseph Cohan

    Buyer's Agent in 2014

    Joseph Cohan

    IRS/International Realty Services, Inc.

    1 in this area

    7 Total Sales

    Joseph Cohan
    Section Image
  • Linda Gerchick

    Seller's Agent in 2012

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    1 in this area

    113 Total Sales

    Linda Gerchick
    Section Image
  • Patrick O'Sullivan

    Seller Co-Listing Agent in 2012

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    29 Total Sales

    Patrick O'Sullivan
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5014586

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-066

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2814 E Monte Cristo 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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