NOT LISTED FOR SALE

2832 E Monte Cristo Ave Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $639,000 - $658,000

-- Bed
-- Bath
3,618 Sq Ft
$180/Sq Ft Est. Value

Last Sold February 21, 2024

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

Current estimated payment $3,518/month

79 Days on Market

Highlights

  • Clubhouse
  • Cooling Available
  • Community Barbecue Grill
  • Heated Community Pool
  • Community Playground
  • 5-minute walk to Palomino Park

About This Home

As of February 2024

Don't miss this opportunity!! Value add 4plex in North Central Phoenix! Tenants are month to month! New owner will achieve immediate income increase by doing a refresh of the interiors. 1982 constructed building with an incredible unit mix: One - 3 bed / 3 bath, Two 2 bed / 2 bath units and one 1 bed / 1 bath. The residents love the huge interiors with modern layouts and in-unit full size washer/dryer. Tenants pay their individually metered electric / cable (no gas), while landlord just pays the HOA dues (includes: water, sewer, trash, common area, and the pool). Each building in the community has 4 covered parking spaces and additional uncovered spaces. *Update-HOA just installed submeters for water/sewer billing direct to tenants!! Painting all walls and buildings is underway!!

Last Agent to Sell the Property

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 10/24/2023

Keller Williams Arizona Realty

Last Buyer's Agent

Saul Enriquez Mendez

Realty ONE Group License #BR677615000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,341

Year Built

  • Built in 1982

Lot Details

  • 5,837

Home Design

  • Wood Frame Construction
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Carport

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 214-39-039

Community Details

Overview

  • 4 Units
  • Building Dimensions are 86.5 x 67.5
  • Greenway Manor Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $13,483
  • Gross Income $49,080
  • Net Operating Income $35,597

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,341

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Greenway & 29th Street (just west of Hwy 51)
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3848.0
  • Subdivision Name: Greenway Manor
  • Cooling:Ceiling Fan(s): 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: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Community Features:Clubhouse: Yes
  • Community Features:Pool2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 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

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, Individual
  • 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, Clubhouse, Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

Schools

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

Lot Info

  • Lot Size: 86.5 x 67.5
  • Additional Parcels: No
  • Parcel #: 214-39-039

Multi Family

  • Owner Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Gross Income: 49080.0
  • Insurance Expense: 1350.0
  • Property Net Operating Income: 35597.0
  • Annual Operating Expense: 13483.0

Tax Info

  • Tax Annual Amount: 1341.0
  • Tax Book Number: 214.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2023
Closed on
Feb 21, 2024
Sold by
Fujii Tokumaru and Fujii Hiroko
Bought by
Meza Victor
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Saul Enriquez Mendez
Realty ONE Group
List Price
$629,950
Sold Price
$650,000
Premium/Discount to List
$20,050
3.18%
Views
43
Current Estimated Value
$651,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,000
Avg. Annual Appreciation
0.08%
Original Mortgage
$663,975
Outstanding Balance
$652,350
Interest Rate
6.66%
Mortgage Type
VA
Estimated Equity
-$1,350

Purchase Details

Closed on
Jan 24, 2006
Sold by
Odaka Hiroko and Fujii Tokumaru
Bought by
2832 E Monte Cristo Avenue Building 11 I

Purchase Details

Closed on
Nov 23, 2005
Sold by
Bliven Investments Llc
Bought by
Odaka Hiroko and Fujii Tokumaru

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
6.62%
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

Purchase Details

Closed on
Sep 6, 1995
Sold by
Lambert Clarence G
Bought by
Fidelity National Title Insurance Co and Trust #9181

Purchase Details

Closed on
Jul 13, 1994
Sold by
Lambert Clarence G
Bought by
Lambert Clarence G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
Meza Victor $650,000 Old Republic Title Agency
Fujii Tokumaru -- Old Republic Title Agency
2832 E Monte Cristo Avenue Building 11 I -- Tsa Title Agency
Odaka Hiroko $380,000 Tsa Title Agency
Bliven Investments $17,300,000 --
Paradise Urban Investments Llc $12,100,000 Fidelity National Title
Fidelity National Title Insurance Co -- --
Lambert Clarence G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meza Victor $663,975
Previous Owner Odaka Hiroko $304,000
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
02/21/2024 02/21/24 Sold $650,000 0.0% $180 / Sq Ft
01/15/2024 01/15/24 Price Changed $650,000 +3.2% $180 / Sq Ft
01/03/2024 01/03/24 For Sale $629,950 -3.1% $174 / Sq Ft
01/01/2024 01/01/24 Off Market $650,000 -- --
12/06/2023 12/06/23 Price Changed $629,950 -2.7% $174 / Sq Ft
12/03/2023 12/03/23 Price Changed $647,450 -0.4% $179 / Sq Ft
10/27/2023 10/27/23 For Sale $649,950 -- $180 / 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 $1,407 $13,764 -- --
2024 $1,341 $13,109 -- --
2023 $1,341 $39,000 $7,800 $31,200
2022 $1,328 $26,800 $5,360 $21,440
2021 $1,332 $22,950 $4,590 $18,360
2020 $1,291 $20,270 $4,050 $16,220
2019 $1,292 $17,920 $3,580 $14,340
2018 $1,250 $15,750 $3,150 $12,600
2017 $1,198 $14,870 $2,970 $11,900
2016 $1,178 $13,310 $2,660 $10,650
2015 $1,091 $12,500 $2,500 $10,000
Source: Public Records

Agents Affiliated with this Home

  • Rick Horst

    Seller's Agent in 2024

    Rick Horst

    Keller Williams Arizona Realty

    (480) 767-3014

    3 in this area

    33 Total Sales

    Rick Horst
    Section Image
  • Saul Enriquez Mendez

    Buyer's Agent in 2024

    Saul Enriquez Mendez

    Realty One Group

    (602) 369-8427

    3 in this area

    39 Total Sales

    Saul Enriquez Mendez
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6623278

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-039

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2832 E Monte Cristo Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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