NOT LISTED FOR SALE

Estimated Value: $593,000 - $664,000

Studio
-- Bath
3,618 Sq Ft
$172/Sq Ft Est. Value

Last Sold June 13, 2022

Last sale price $650,000 $180 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,346/month

7 Days on Market

Highlights

  • Heated Community Pool
  • Community Barbecue Grill
  • Carpet
  • Community Playground
  • Central Air
  • Heat Pump System

About This Home

As of June 2022

4 Plex in Prime Phoenix location, lots of room to increase rental income. Gated community has pool, multiple park and play and BBQ areas. This is a RARE OPPORTUNITY in today's market! DON'T MISS OUT! Great Four Plex in a PERFECT LOCATION, near the 51 Freeway and Right Across the Street from an ELEMENTARY SCHOOL! Public Transportation & Services are in walking distance. Two 2-Bedroom Units, One
3 Bedroom 2 bath Unit, and One
1Bedroom 1 bath Unit. Each apartment has a balcony or courtyard. Building has been well maintained, with newer AC units, fresh paint, and maintenance work is up to date. Drive by ONLY, Do not disturbed tenants.

Last Agent to Sell the Property

Jose Munoz

DPR Realty LLC License #SA530866000 Listed on: 05/05/2022

DPR Realty LLC

Last Buyer's Agent

Luis Espinoza

Gile Commercial Real Estate License #SA663217000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,317

Year Built

  • Built in 1982

Lot Details

  • 5,271

Home Design

  • Wood Frame Construction

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Assigned Parking

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 214-39-056

Community Details

Overview

  • 4 Units
  • Building Dimensions are 87X61
  • Greenway Manor Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $9,831
  • Gross Income $47,040
  • Net Operating Income $38,532

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,317

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: BELL & 32ND STR
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2021
  • Road Surface Type: Asphalt, Private Street
  • Subdivision Name: GREENWAY MANOR
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet, Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Pool2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted
  • Roof: Rolled/Hot Mop

Garage/Parking

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

Utilities

  • Electric: APS
  • Cooling: Central Air, Electric
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Play Area, Pool

Association/Amenities

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

Schools

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

Lot Info

  • Lot Size: 87X61
  • Additional Parcels: No
  • Parcel #: 214-39-056

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 4
  • Annual Gross Income: 47040.0
  • Property Net Operating Income: 38532.0
  • Annual Operating Expense: 9831.0

Tax Info

  • Tax Annual Amount: 1317.0
  • Tax Book Number: 214.00
  • Tax Lot: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2022
Sold by
Messoline Matthew F and Messoline Cynthia L
Bought by
2826 Le Marche Llc
Current Estimated Value
$623,932

Purchase Details

Listed on
May 5, 2022
Closed on
Jun 10, 2022
Sold by
Ibarra Araiza Emmanuel A
Bought by
Messoline Matthew F and Kao Cynthia L
Seller's Agent
Jose Munoz
DPR Realty LLC
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.13%
Original Mortgage
$487,500
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 8, 2018
Closed on
Aug 1, 2018
Sold by
Nava Gustavo and Nava Daniel
Bought by
Araiza Emmanuel A Ibarra
Seller's Agent
Kunal Khanna
West USA Realty
Buyer's Agent
Jose Munoz
DPR Realty LLC
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.01%
Original Mortgage
$187,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2015
Closed on
May 12, 2015
Sold by
Hofmann Ralph R
Bought by
Nava Gustavo and Nava Daniel
Seller's Agent
Jill Anderson
Russ Lyon Sotheby's International Realty
Buyer's Agent
David Baker
eXp Realty
List Price
$170,000
Sold Price
$170,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.07%
Original Mortgage
$127,500
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2010
Sold by
Cnr Solutions Enterprises Llc
Bought by
Hofmann Ralph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
4.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2010
Sold by
Pernick Mara G
Bought by
Cnr Solution Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
4.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2005
Sold by
Bliven Investmets Llc
Bought by
Pernick Mara G

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
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
2826 Le Marche Llc -- --
Messoline Matthew F $650,000 Valleywide Title
Araiza Emmanuel A Ibarra $250,000 Empire West Title Agency Llc
Nava Gustavo $170,000 First American Title Ins Co
Hofmann Ralph $110,000 Great American Title Agency
Cnr Solution Enterprises Llc $97,000 Great American Title Agency
Pernick Mara G $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 Messoline Matthew F $487,500
Previous Owner Araiza Emmanuel A Ibarra $187,500
Previous Owner Nava Gustavo $127,500
Previous Owner Hofmann Ralph $78,750
Previous Owner Cnr Solution Enterprises Llc $87,300
Previous Owner Pernick Mara G $304,000
Previous Owner Bliven Investments $13,125,000
Previous Owner Paradise Urban Investments Llc $11,257,450
Closed Pernick Mara G $38,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/13/2022 06/13/22 Sold $650,000 0.0% $180 / Sq Ft
05/12/2022 05/12/22 Pending -- -- --
05/05/2022 05/05/22 For Sale $650,000 +160.0% $180 / Sq Ft
08/01/2018 08/01/18 Sold $250,000 -9.1% $69 / Sq Ft View Prior Sale
05/07/2018 05/07/18 For Sale $275,000 +61.8% $76 / Sq Ft
06/12/2015 06/12/15 Sold $170,000 0.0% $47 / Sq Ft View Prior Sale
05/06/2015 05/06/15 Pending -- -- --
04/22/2015 04/22/15 For Sale $170,000 -- $47 / 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 $1,391 $13,614 -- --
2024 $1,327 $12,966 -- --
2023 $1,327 $38,570 $7,710 $30,860
2022 $1,314 $26,520 $5,300 $21,220
2021 $1,317 $22,630 $4,520 $18,110
2020 $1,277 $20,010 $4,000 $16,010
2019 $1,278 $17,760 $3,550 $14,210
2018 $1,236 $15,620 $3,120 $12,500
2017 $1,185 $14,770 $2,950 $11,820
2016 $1,165 $13,160 $2,630 $10,530
2015 $1,079 $12,400 $2,480 $9,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6394849

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-056