NOT LISTED FOR SALE

2827 E Le Marche Ave Phoenix, AZ 85032

Paradise Valley Neighborhood

Estimated Value: $483,692 - $664,000

-- Bed
-- Bath
3,618 Sq Ft
$168/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $515,000 $142 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,410/month

354 Days on Market

Highlights

  • Heated Community Pool
  • Community Playground
  • Carpet
  • Cooling Available
  • Community Barbecue Grill
  • 4-minute walk to Palomino Park

About This Home

As of May 2022

BEING SOLD AS IS - SELLER WILL NOT BE MAKING REPAIRS. Once repairs are completed this will make a wonderful investment property with monthly rents upwards of $5,000.

Last Agent to Sell the Property

Jennifer Katana

HomeSmart License #SA650562000 Listed on: 05/10/2021

HomeSmart

Co-Listed By

Sonya Buerger

West USA Realty License #SA638787000

Last Buyer's Agent

Jennifer Katana

HomeSmart License #SA650562000 Listed on: 05/10/2021

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,285

Year Built

  • Built in 1982

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 13
  • Assessor Parcel Number 214-39-041

Community Details

Overview

  • 4 Units
  • Building Dimensions are 5575
  • Greenway Manor Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $9,793
  • Net Operating Income $27,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,285

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 29th street and Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2020
  • Directions: From Greenway, North on 29th Street for 1/4 mile. Entrance to Palomino Pointe will be on the West side. Enter through main gate and then make first right on 28th St. Go North to Building 13.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril01
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: GREENWAY MANOR
  • Construction:Wood Frame: Yes
  • Water Source Community Franchise2: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: 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: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Built-Up

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 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

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, Community Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Play Area, Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 5575
  • Additional Parcels: No
  • Parcel #: 214-39-041

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Property Net Operating Income: 27960.0
  • Annual Operating Expense: 9793.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1285.0
  • Tax Book Number: 214.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2021
Closed on
May 9, 2022
Sold by
Lalani Sapan S
Bought by
Basil Holdings Llc
Seller's Agent
Jennifer Katana
HomeSmart
Buyer's Agent
Jennifer Katana
HomeSmart
List Price
$525,000
Sold Price
$515,000
Premium/Discount to List
-$10,000
-1.9%
Current Estimated Value
$604,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,777
Avg. Annual Appreciation
5.35%
Original Mortgage
$402,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 1, 2019
Closed on
Nov 4, 2019
Sold by
Nurani Sharmin S
Bought by
Lalani Sapan S
Seller's Agent
Ryan Swan
HomeSmart
Buyer's Agent
Jennifer Katana
HomeSmart
List Price
$348,000
Sold Price
$338,000
Premium/Discount to List
-$10,000
-2.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.19%
Original Mortgage
$253,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 1, 2019
Closed on
Oct 30, 2019
Sold by
Lam Richard and Duong Elaine
Bought by
Lalani Sapan S and Morabia Sagar
Seller's Agent
Ryan Swan
HomeSmart
Buyer's Agent
Jennifer Katana
HomeSmart
List Price
$348,000
Sold Price
$338,000
Premium/Discount to List
-$10,000
-2.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2017
Sold by
Lam Richard and Duong Elaine
Bought by
Lam Richard and Duong Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 29, 2014
Closed on
Sep 29, 2014
Sold by
Archer Properties Llc
Bought by
Lam Richard and Duon Elaine
Seller's Agent
Amy Miller
My Home Group Real Estate
Buyer's Agent
Wai Tsang
Gold Trust Realty
List Price
$159,900
Sold Price
$156,900
Premium/Discount to List
-$3,000
-1.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.29%

Purchase Details

Closed on
Jun 13, 2010
Sold by
Webb Clinton D
Bought by
Archer Properties Llc

Purchase Details

Closed on
May 27, 2009
Sold by
Fell Catherine Elizabeth
Bought by
Webb Clinton D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2009
Sold by
Wirgler David and Wirgler Laurie
Bought by
Webb Clinton D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2005
Sold by
Bliven Instments Llc
Bought by
Udler Paul

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
7.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 18, 2005
Sold by
Bliven Investments Llc
Bought by
Wirlger David and Wirgler Laurie

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
7.25%
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
$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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Basil Holdings Llc $515,000 Driggs Title Agency
Lalani Sapan S -- Lawyers Title Of Arizona Inc
Morabia Sagar -- Lawyers Title Of Arizona Inc
Lalani Sapan S $338,000 Lawyers Title Of Arizona Inc
Lam Richard -- Clear Title Agency Of Arizon
Lam Richard $156,900 Title365 Agency
Archer Properties Llc -- None Available
Webb Clinton D -- Greystone Title Agency
Webb Clinton D $155,000 Greystone Title Agency
Udler Paul $380,000 Tsa Title Agency
Wirlger David $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
Open Basil Holdings Llc $540,000
Closed Basil Holdings Llc $402,000
Previous Owner Lalani Sapan S $260,000
Previous Owner Lalani Sapan S $253,500
Previous Owner Lam Richard $133,000
Previous Owner Webb Clinton D $116,250
Previous Owner Udler Paul $304,000
Previous Owner Wirlger David $304,000
Previous Owner Bliven Investments $13,125,000
Previous Owner Paradise Urban Investments Llc $11,257,450
Closed Udler Paul $38,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $515,000 -1.9% $142 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
04/22/2022 04/22/22 For Sale $525,000 0.0% $145 / Sq Ft
04/22/2022 04/22/22 Price Changed $525,000 +1.9% $145 / Sq Ft
02/18/2022 02/18/22 Off Market $515,000 -- --
02/08/2022 02/08/22 For Sale $585,000 0.0% $162 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
06/14/2021 06/14/21 Price Changed $585,000 -1.7% $162 / Sq Ft
05/10/2021 05/10/21 For Sale $595,000 +76.0% $164 / Sq Ft
11/05/2019 11/05/19 Sold $338,000 -2.9% $93 / Sq Ft
10/26/2019 10/26/19 Price Changed $348,000 0.0% $96 / Sq Ft
10/07/2019 10/07/19 Pending -- -- --
10/01/2019 10/01/19 For Sale $348,000 +121.8% $96 / Sq Ft
09/30/2014 09/30/14 Sold $156,900 -1.9% $43 / Sq Ft
09/05/2014 09/05/14 Pending -- -- --
08/29/2014 08/29/14 For Sale $159,900 -- $44 / 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 $1,364 $13,700 -- --
2024 $1,335 $13,047 -- --
2023 $1,335 $38,800 $7,760 $31,040
2022 $1,322 $26,670 $5,330 $21,340
2021 $1,326 $22,800 $4,560 $18,240
2020 $1,285 $20,160 $4,030 $16,130
2019 $1,286 $17,850 $3,570 $14,280
2018 $1,244 $15,700 $3,140 $12,560
2017 $1,193 $14,820 $2,960 $11,860
2016 $1,173 $13,230 $2,640 $10,590
2015 $1,086 $12,460 $2,490 $9,970
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Katana

    Seller's Agent in 2022

    Jennifer Katana

    HomeSmart

    (602) 889-2135

    10 in this area

    35 Total Sales

    Section Image
  • Sonya Buerger

    Seller Co-Listing Agent in 2022

    Sonya Buerger

    West USA Realty

    (480) 322-0155

    22 in this area

    90 Total Sales

    Section Image
  • Ryan Swan

    Seller's Agent in 2019

    Ryan Swan

    HomeSmart

    (602) 733-5455

    9 in this area

    55 Total Sales

    Section Image
  • Amy Miller

    Seller's Agent in 2014

    Amy Miller

    My Home Group

    (602) 312-3644

    8 Total Sales

    Section Image
  • Craig Bennett

    Seller Co-Listing Agent in 2014

    Craig Bennett

    Russ Lyon Sotheby's International Realty

    (602) 908-5279

    5 in this area

    75 Total Sales

    Section Image

  • W

    Buyer's Agent in 2014

    Wai Tsang

    Gold Trust Realty

    2 Total Sales

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6233706

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-041

Arizona Maricopa County Phoenix 85032 Paradise Valley

2827 E Le Marche Ave, Phoenix, AZ

This home is located at 2827 E Le Marche Ave, Phoenix, AZ 85032 since 10 May 2021 and is currently estimated at $607,423, approximately $167 per square foot. This property was built in 1982. 2827 E Le Marche Ave 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

Nearby Homes