NOT LISTED FOR SALE

2831 E Monte Cristo Ave Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $500,367 - $571,000

Studio
-- Bath
3,618 Sq Ft
$147/Sq Ft Est. Value

Sale Details

Date Sold: March 29, 2019

Last sale price $292,000 $81 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $3,007 / mo

16 Days on Market

Highlights

  • Heated Community Pool
  • Carpet
  • Heating Available
  • Central Air

About This Home

As of March 2019

This 4 plex investment opportunity is is located in the community of Palomino Point. There are 4, 2 bedroom 2 bathroom units. This is a Gated Community with private streets. Each unit has their own Washer and Dryer hook ups, Patio or Balcony, and 1 assigned covered parking space. The building is currently producing: $32,100 per annum. The HOA covers the Water, Sewer, Garbage, Common Area Maintenance, Pool and Street Maintenance. Easy access to the 51 freeway, Close to Shopping, Parks, and Schools (Palomino School is across the street) DRIVE BY ONLY...DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Joey Hallatt

Cambridge Properties License #BR518174000 Listed on: 02/13/2019

Last Buyer's Agent

Mike Mendoza

eXp Realty License #SA022151000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,267

Year Built

  • Built in 1982

Lot Details

  • 6,621

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 6
  • Assessor Parcel Number 214-39-034

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Greenway Manor Lot 1 72 Tr A E Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $12,997
  • Gross Income $31,137
  • Net Operating Income $17,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,267

Year Built

Built in 1982

Lot Details

6,621 Sq Ft Lot

Listing Details

  • Cross Street: Greenway and 29th St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: PAD-13
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2018
  • Road Surface Type: Asphalt, Private Street
  • Professional Management Expense: 2690.0
  • Subdivision Name: GREENWAY MANOR LOT 1-72 TR A-E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: 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 Middle School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 214-39-034

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 31137.0
  • Insurance Expense: 1300.0
  • Property Net Operating Income: 17450.0
  • Annual Operating Expense: 12997.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1267.0
  • Tax Book Number: 214.00
  • Tax Lot: 6

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2019
Closed on
Mar 22, 2019
Sold by
Bought by
Seller's Agent
Joey Hallatt
Cambridge Properties
Buyer's Agent
Mike Mendoza
eXp Realty
List Price
$295,000
Sold Price
$292,000
Premium/Discount to List
-$3,000
-1.02%
Current Estimated Value
$531,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,592
Avg. Annual Appreciation
8.57%
Original Mortgage
$262,800
Interest Rate
0.043%
Mortgage Type
VA

Purchase Details

Listed on
Nov 9, 2017
Closed on
Jan 8, 2018
Sold by
Bought by
Seller's Agent
Joseph Sisneros
RE/MAX Premier
Buyer's Agent
Justin Fromstein
West USA Realty
List Price
$224,900
Sold Price
$220,000
Premium/Discount to List
-$4,900
-2.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.36%
Original Mortgage
$165,000
Interest Rate
0.039%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 11, 2016
Closed on
Jun 17, 2016
Sold by
Bought by
Seller's Agent
Joseph Cohan
IRS/International Realty Services, Inc.
Buyer's Agent
Lourdes Zischke
ProSmart Realty
List Price
$188,500
Sold Price
$180,000
Premium/Discount to List
-$8,500
-4.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.82%
Original Mortgage
$135,000
Interest Rate
0.0357%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 21, 2014
Closed on
Sep 24, 2014
Sold by
Bought by
Seller's Agent
Robert Davis
RMG Realty
Buyer's Agent
Joseph Cohan
IRS/International Realty Services, Inc.
List Price
$169,500
Sold Price
$162,000
Premium/Discount to List
-$7,500
-4.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.93%

Purchase Details

Listed on
Sep 17, 2012
Closed on
Dec 22, 2012
Sold by
Bought by
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michelle Cheverie
Diversified Partners LLC
List Price
$145,000
Sold Price
$129,500
Premium/Discount to List
-$15,500
-10.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.08%
Original Mortgage
$119,000
Interest Rate
0.0335%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 17, 2012
Closed on
Nov 9, 2012
Sold by
Bought by
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michelle Cheverie
Diversified Partners LLC
List Price
$145,000
Sold Price
$129,500
Premium/Discount to List
-$15,500
-10.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
0.0335%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 24, 2010
Sold by
Bought by

Purchase Details

Closed on
Oct 21, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 22, 2005
Sold by
Bought by

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
0.0662%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2005
Sold by
Bought by

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
0.0662%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2005
Sold by
Bought by

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
0.0564%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2004
Sold by
Bought by

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
0.0606%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$292,000 Empire West Title Agency Llc
$220,000 Security Title Agency Inc
$180,000 Chicago Title Agency Inc
-- Accommodation
$162,000 Chicago Title Agency Inc
-- Accommodation
$259,000 Clear Title Agency Of Arizon
$82,000 Chicago Title
$281,510 Accommodation
$380,000 Tsa Title Agency
$380,000 Tsa Title Agency
$17,300,000 --
$12,100,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $260,977
Closed $261,078
Closed $262,800
Previous Owner $165,000
Previous Owner $135,000
Previous Owner $119,000
Previous Owner $304,000
Previous Owner $266,000
Previous Owner $13,125,000
Previous Owner $11,257,450
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2019 03/29/19 Sold $292,000 -1.0% $81 / Sq Ft
03/01/2019 03/01/19 Pending -- -- --
02/13/2019 02/13/19 For Sale $295,000 +31.2% $82 / Sq Ft
01/15/2018 01/15/18 For Sale $224,900 0.0% $62 / Sq Ft
01/15/2018 01/15/18 Price Changed $224,900 +2.2% $62 / Sq Ft
01/12/2018 01/12/18 Sold $220,000 -2.2% $61 / Sq Ft View Prior Sale
11/09/2017 11/09/17 For Sale $224,900 +24.9% $62 / Sq Ft
06/27/2016 06/27/16 Sold $180,000 -4.5% $50 / Sq Ft View Prior Sale
06/01/2016 06/01/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $188,500 +16.4% $52 / Sq Ft
08/28/2014 08/28/14 Sold $162,000 -4.4% $45 / Sq Ft View Prior Sale
08/28/2014 08/28/14 Pending -- -- --
03/13/2014 03/13/14 For Sale $169,500 +30.9% $47 / Sq Ft
12/17/2012 12/17/12 Sold $129,500 -10.7% $36 / Sq Ft View Prior Sale
11/12/2012 11/12/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $145,000 -- $40 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,425 $13,948
2024 $1,359 $13,283
2023 $1,359 $39,520 $7,900 $31,620
2022 $1,346 $27,150 $5,430 $21,720
2021 $1,350 $23,320 $4,660 $18,660
2020 $1,308 $20,610 $4,120 $16,490
2019 $1,310 $18,130 $3,620 $14,510
2018 $1,267 $15,910 $3,180 $12,730
2017 $1,214 $15,000 $3,000 $12,000
2016 $1,194 $13,480 $2,690 $10,790
2015 $1,106 $12,620 $2,520 $10,100
Source: Public Records

Agents Affiliated with this Home

  • Joey Hallatt

    Seller's Agent in 2019

    Joey Hallatt

    Cambridge Properties

    (602) 672-0341

    2 in this area

    51 Total Sales

    Joey Hallatt
    Section Image
  • Mike Mendoza

    Buyer's Agent in 2019

    Mike Mendoza

    eXp Realty

    (602) 430-3917

    183 Total Sales

    Mike Mendoza
    Section Image

  • J

    Seller's Agent in 2018

    Joseph Sisneros

    RE/MAX

    (480) 626-5933

    1 in this area

    30 Total Sales

    Joseph Sisneros
    Section Image

  • J

    Buyer's Agent in 2018

    Justin Fromstein

    West USA Realty

    (480) 529-6988

    3 in this area

    46 Total Sales

    Justin Fromstein
    Section Image
  • Joseph Cohan

    Seller's Agent in 2016

    Joseph Cohan

    IRS/International Realty Services, Inc.

    1 in this area

    6 Total Sales

    Joseph Cohan
    Section Image

  • L

    Buyer's Agent in 2016

    Lourdes Zischke

    ProSmart Realty

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5882875

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-034

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2831 E Monte Cristo Ave, Phoenix, AZ

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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