NOT LISTED FOR SALE

Estimated Value: $542,332 - $646,000

Studio
-- Bath
3,618 Sq Ft
$166/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $370,000 $102 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,218/month

7 Days on Market

Highlights

  • Clubhouse
  • Community Playground
  • Ceramic Tile Flooring
  • Heated Community Pool
  • Community Barbecue Grill
  • Central Air

About This Home

As of July 2020

Great Paradise Valley area, Complex includes pool, spa, clubhouse, and spacious grounds. Each unit has covered parking and units are roomy and well maintained. Units have washer/dryer hookups for your tenants' convenience and great marketing tool for getting good tenants. HOA is $710. per month and includes Water, sewer, trash, groundskeeping, security guard, security gate, and pool maintenance. It does not cover roof and exterior paint of the building. Rents are way below market and ready to be raised. Seller is willing to lease vacant unit prior to sale.

Last Agent to Sell the Property

Jared English

Congress Realty, Inc. Brokerage Phone: 888-881-4118 License #BR569813000 Listed on: 05/06/2020

Last Buyer's Agent

Sonya Buerger

West USA Realty License #SA638787000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,294

Year Built

  • Built in 1982

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Free Parking

Schools

  • Palominas Elementary School
  • G. Frank Davidson Middle School
  • Paradise Valley High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for pool maintenance, trash collection, water, landscaping
  • Tax Lot 3
  • Assessor Parcel Number 214-39-031

Community Details

Overview

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

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Playground
  • Heated Community Pool
  • Community Spa

Building Details

  • Operating Expense $1,294

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,294

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Beel RD & SR 51
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENWAY MANOR LOT 1-72 TR A-E
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Community Features Play Area: Yes
  • Community Features Spa(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, 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:Clubhouse: Yes
  • Community Features:Pool2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Foam

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Other, Free, >1 Space Per Unit, Carport
  • 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:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Barbecue, Play Area, Clubhouse, Spa(s), Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Guard Gate: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Elementary School: Palominas Elementary School
  • High School: Paradise Valley High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: G. Frank Davidson

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 214-39-031

Multi Family

  • Owner Pays: Pool Maintenance, Trash Collection, Water, Landscaping
  • Number Of Units Total: 4
  • Annual Operating Expense: 1294.0

Tax Info

  • Tax Annual Amount: 1294.0
  • Tax Book Number: 214.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2020
Closed on
Jun 11, 2020
Sold by
Wallis Samuel R and Jenks Revocable Trust
Bought by
Timuryan Manuel and Kirakosyan Lusine
Seller's Agent
Jared English
Congress Realty, Inc.
Buyer's Agent
Sonya Buerger
West USA Realty
List Price
$370,000
Sold Price
$370,000
Current Estimated Value
$598,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,833
Avg. Annual Appreciation
9.20%
Original Mortgage
$363,298
Outstanding Balance
$321,429
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$277,404

Purchase Details

Listed on
Apr 18, 2012
Closed on
Jul 24, 2012
Sold by
Chen Weidong
Bought by
Jenks Shepheed M and Jenks Nancy Luard
Seller's Agent
Royce Munroe
Munroe Multifamily
Buyer's Agent
Denise White
Realty ONE Group
List Price
$150,000
Sold Price
$135,000
Premium/Discount to List
-$15,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.58%
Original Mortgage
$101,250
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2012
Sold by
Chen Weidong
Bought by
Li Wendi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2011
Sold by
Foreclosure Assistance Co Llc
Bought by
Li Wendy

Purchase Details

Closed on
Sep 28, 2010
Sold by
Rippetoe Braden L
Bought by
Foreclosure Assistance Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,900
Interest Rate
4.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2010
Sold by
Aep Associates Ii Llc
Bought by
Rippetoe Braden L

Purchase Details

Closed on
May 25, 2007
Sold by
Rippetoe Braden L
Bought by
Aep Associates Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2007
Sold by
2832 E Marconi Ave Llc
Bought by
Rippetoe Braden L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2006
Sold by
Gershick William Scott and Gerchick Michelle
Bought by
2832 E Marconi Avenue Llc

Purchase Details

Closed on
Dec 7, 2005
Sold by
Bliven Investments Llc
Bought by
Gerchick William Scott and Gerchick Muchelle

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
New Conventional

Purchase Details

Closed on
Nov 21, 2005
Sold by
Bliven Investments Llc
Bought by
Hibbert Chris and Stucke Janet

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
New Conventional

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
Timuryan Manuel $370,000 Magnus Title Agency
Jenks Shepheed M $135,000 Empire West Title Agency
Li Wendi -- Empire West Title Agency
Li Wendy $135,000 Great American Title Agency
Foreclosure Assistance Company Llc $73,900 None Available
Rippetoe Braden L -- None Available
Aep Associates Ii Llc $445,000 None Available
Rippetoe Braden L $445,000 Tsa Title Agency
2832 E Marconi Avenue Llc $380,000 None Available
Gerchick William Scott $380,000 Tsa Title Agency
Hibbert Chris $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 Timuryan Manuel $363,298
Previous Owner Jenks Shepheed M $101,250
Previous Owner Foreclosure Assistance Company Llc $79,900
Previous Owner Rippetoe Braden L $356,000
Previous Owner Gerchick William Scott $304,000
Previous Owner Hibbert Chris $304,000
Previous Owner Bliven Investments $13,125,000
Previous Owner Paradise Urban Investments Llc $11,257,450
Closed Hibbert Chris $38,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2020 07/17/20 Sold $370,000 0.0% $102 / Sq Ft
05/13/2020 05/13/20 Pending -- -- --
05/06/2020 05/06/20 For Sale $370,000 +174.1% $102 / Sq Ft
08/17/2012 08/17/12 Sold $135,000 -10.0% $37 / Sq Ft View Prior Sale
05/30/2012 05/30/12 Pending -- -- --
04/18/2012 04/18/12 For Sale $150,000 -- $41 / 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 $1,408 $13,777 -- --
2024 $1,343 $13,121 -- --
2023 $1,343 $39,030 $7,800 $31,230
2022 $1,329 $26,820 $5,360 $21,460
2021 $1,333 $22,970 $4,590 $18,380
2020 $1,292 $20,300 $4,060 $16,240
2019 $1,294 $17,930 $3,580 $14,350
2018 $1,251 $15,760 $3,150 $12,610
2017 $1,199 $14,880 $2,970 $11,910
2016 $1,179 $13,320 $2,660 $10,660
2015 $1,092 $12,510 $2,500 $10,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6074629

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-031