NOT LISTED FOR SALE

Estimated Value: $626,000 - $690,645

Studio
-- Bath
3,618 Sq Ft
$184/Sq Ft Est. Value

Last Sold June 20, 2024

Last sale price $700,000 $193 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,573/month

45 Days on Market

Highlights

  • Clubhouse
  • Cooling Available
  • Community Barbecue Grill
  • Heated Community Pool
  • Resident Manager or Management On Site
  • Ceramic Tile Flooring

About This Home

As of June 2024

- Exceptional fourplex in a growing neighborhood

- Four units, each with 2 beds and 2 baths

- All have washer and dryer in unit

- Gross income of $6,114/month with low expenses

- Next to a elementary school

- Located in a gated community with:
- Pool
- Covered parking
- Pristine landscaping

- Spacious units for spacious living

- Immediate returns and long-term value

- Perfect blend of convenience and investment opportunity

Last Agent to Sell the Property

William Xander

Orion Investment Real Estate License #SA695728000 Listed on: 04/04/2024

Last Buyer's Agent

Susan Del Pozzo

Realty ONE Group License #SA536777000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,346

Year Built

  • Built in 1982

Lot Details

  • Additional Parcels

Home Design

  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 214-39-033

Community Details

Overview

  • 4 Units
  • Building Dimensions are 64 feet by 92 feet
  • Greenway Manor Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Heated Community Pool
  • Community Spa

Building Details

  • Operating Expense $9,926
  • Gross Income $69,700
  • Net Operating Income $55,000

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,346

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Private Street
  • Subdivision Name: GREENWAY MANOR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free, >1 Space Per Unit, Common
  • 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
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Clubhouse, Manager Res/Office, Spa(s), Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:Pool2: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Community Amenities:Barbecue: Yes
  • Community Amenities:Clubhouse: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 64 feet by 92 feet
  • Additional Parcels: Yes
  • Parcel #: 214-39-033

Multi Family

  • Owner Pays: None
  • Tenant Pays: None
  • Number Of Units Total: 4
  • Annual Gross Income: 69699.6
  • Property Net Operating Income: 55000.0
  • Annual Operating Expense: 9926.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1346.0
  • Tax Book Number: 214.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2024
Closed on
Jun 20, 2024
Sold by
2825 Monte Cristo Llc
Bought by
Z 2825 Monte Cristo Llc
Seller's Agent
William Xander
Orion Investment Real Estate
Buyer's Agent
Susan Del Pozzo
Realty ONE Group
List Price
$725,000
Sold Price
$700,000
Premium/Discount to List
-$25,000
-3.45%
Views
40
Current Estimated Value
$667,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,839
Avg. Annual Appreciation
-3.05%

Purchase Details

Closed on
Oct 4, 2022
Sold by
Kirkland Charles
Bought by
Kirkland Charles and Kirkland-Lopez George

Purchase Details

Closed on
Aug 25, 2022
Sold by
Green Home Rentals Llc
Bought by
2825 Monte Cristo Llc

Purchase Details

Listed on
Jul 6, 2017
Closed on
Jun 14, 2017
Sold by
Tangy Guacamola Realty Llc
Bought by
Green Home Rentals Llc
Seller's Agent
Lois Kaipainen
Income Property Shop
Buyer's Agent
Lois Kaipainen
Income Property Shop
List Price
$204,900
Sold Price
$204,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.86%

Purchase Details

Closed on
Apr 27, 2011
Sold by
Crouse David and Vega Lesley Alvarez
Bought by
Tangy Guacamole Realty Llc

Purchase Details

Closed on
Jan 13, 2011
Sold by
Aurora Loan Services Llc
Bought by
Crouse David and Alvarez Vega Lesley

Purchase Details

Closed on
Nov 9, 2010
Sold by
Yuen Danny and Yuen Betty Lee
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Dec 7, 2005
Sold by
Bliven Investments Llc
Bought by
Yuen Danny and Yuen Betty Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
1.99%
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
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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
Z 2825 Monte Cristo Llc $700,000 Security Title Agency
Kirkland Charles -- None Listed On Document
2825 Monte Cristo Llc $550,000 Old Republic Title
Green Home Rentals Llc -- Chicago Title Agency Inc
Tangy Guacamole Realty Llc -- None Available
Crouse David $82,500 Guaranty Title Agency
Aurora Loan Services Llc $97,284 Accommodation
Yuen Danny $390,000 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 Yuen Danny $308,000
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
06/20/2024 06/20/24 Sold $700,000 -3.4% $193 / Sq Ft
05/20/2024 05/20/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $725,000 0.0% $200 / Sq Ft
04/09/2024 04/09/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $725,000 +253.8% $200 / Sq Ft
07/01/2017 07/01/17 Sold $204,900 0.0% $57 / Sq Ft View Prior Sale
07/01/2017 07/01/17 Pending -- -- --
06/30/2017 06/30/17 For Sale $204,900 -- $57 / 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 $1,411 $13,811 -- --
2024 $1,346 $13,153 -- --
2023 $1,346 $39,110 $7,820 $31,290
2022 $1,333 $26,870 $5,370 $21,500
2021 $1,336 $23,020 $4,600 $18,420
2020 $1,295 $20,350 $4,070 $16,280
2019 $1,297 $17,970 $3,590 $14,380
2018 $1,254 $15,780 $3,150 $12,630
2017 $1,202 $14,900 $2,980 $11,920
2016 $1,182 $13,350 $2,670 $10,680
2015 $1,095 $12,520 $2,500 $10,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6686429

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-033