NOT LISTED FOR SALE

Estimated Value: $497,477 - $651,000

Studio
-- Bath
3,618 Sq Ft
$157/Sq Ft Est. Value

Last Sold December 21, 2018

Last sale price $290,000 $80 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $3,058/month

1 Day on Market

Highlights

  • Private Pool
  • Community Playground
  • Central Air
  • Wood Flooring
  • Community Barbecue Grill
  • Heating Available

About This Home

As of December 2018

(2) Recent CLOSED Sales in the Complex at $295,000!! This Building is FULLY OCCUPIED WITH Great Tenants! Three Tenants are On Leases and One is Month to Month ($700 Rent). RENTS are: $750; $750; $700 & $800. Unit #203 Was Upgraded with NEW Kitchen Cabinets; Counter Tops, Vanities and Wood Laminate Flooring; Other (3) Units Have Wood Laminate & Tile Flooring (See Multiple Pictures of ALL Units)!! HOA Fee Pays for Water, Sewer & Trash, Landscaping & Common Area Maintenance Which Includes the Community Pool. There Are (3) Ground Floor Units and (1) Upstairs Unit. (3) 2 Bed & 2 Bath Units and (1) 2 Bed / 1.50 Townhome Style Unit!! Turn Key Property with GREAT Tenants and All Units in Great Condition! CASH FLOWING AS Soon AS You Purchase It!! DRIVE BY ONLY. PLEASE DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Bruce Duckett

Duckett Management & Real Estate License #BR537621000 Listed on: 11/27/2018

Last Buyer's Agent

Monica Coker

HomeSmart License #SA641419000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,269

Year Built

  • Built in 1982

Home Design

  • Wood Frame Construction
  • Stucco

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

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

Pool

  • Private Pool

Schools

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for pool maintenance, trash collection, water, sewer, landscaping
  • Tax Lot 63
  • Assessor Parcel Number 214-39-091

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6880
  • Greenway Manor Lot 1 72 Tr A E Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Community Playground
  • Heated Community Pool
  • Community Spa

Building Details

  • Operating Expense $10,259
  • Gross Income $36,000
  • Net Operating Income $27,010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,269

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 32nd Street & Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2018
  • 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, Wood
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Pool2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Pool Private: Yes
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Other

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, >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 >1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

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

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: 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 Middle School

Lot Info

  • Lot Size: 6880
  • Additional Parcels: No
  • Parcel #: 214-39-091

Multi Family

  • Owner Pays: Pool Maintenance, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 36000.0
  • Insurance Expense: 750.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 27010.0
  • Annual Operating Expense: 10259.0

Tax Info

  • Tax Annual Amount: 1269.0
  • Tax Book Number: 214.00
  • Tax Lot: 63

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2018
Closed on
Dec 17, 2018
Sold by
Adornato Patrick
Bought by
Hanning Nathan and Hanning Stephanie
Seller's Agent
Bruce Duckett
Duckett Management & Real Estate
Buyer's Agent
Monica Coker
HomeSmart
List Price
$295,000
Sold Price
$290,000
Premium/Discount to List
-$5,000
-1.69%
Current Estimated Value
$567,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,619
Avg. Annual Appreciation
9.94%
Original Mortgage
$217,500
Outstanding Balance
$192,005
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$375,614

Purchase Details

Closed on
Feb 28, 2013
Sold by
Wu Judy and Lim Jason
Bought by
Adornato Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2013
Sold by
Deir Yvonne
Bought by
Adornato Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2011
Sold by
Wu Judy
Bought by
Lim Jason

Purchase Details

Closed on
May 25, 2011
Sold by
Okazaki David A
Bought by
Okazaki Mai Le

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,250
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2006
Sold by
Okazaki Mai Le
Bought by
2833 E Kathleen Llc

Purchase Details

Closed on
Dec 9, 2005
Sold by
Bliven Investments Llc
Bought by
Okazaki Mai Le

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 6, 2005
Sold by
Okazaki David
Bought by
Okazaki Mai Le

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
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
Hanning Nathan $290,000 First Arizona Title Agency L
Adornato Patrick $142,000 Grand Canyon Title Agency In
Adornato Patrick -- Grand Canyon Title Agency In
Lim Jason $47,585 None Available
Okazaki Mai Le -- Chicago Title
Wu Judy $87,000 Chicago Title
2833 E Kathleen Llc $380,000 None Available
Okazaki Mai Le $380,000 Tsa Title Agency
Okazaki Mai Le -- Tsa Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanning Nathan $217,500
Previous Owner Adornato Patrick $106,500
Previous Owner Wu Judy $65,250
Previous Owner Okazaki Mai Le $38,000
Previous Owner Okazaki Mai Le $304,000
Previous Owner Okazaki Mai Le $304,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2026 01/02/26 Off Market $290,000 -- --
12/21/2018 12/21/18 Sold $290,000 -1.7% $80 / Sq Ft
11/27/2018 11/27/18 For Sale $295,000 -- $82 / 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 $1,428 $13,973 -- --
2024 $1,362 $13,308 -- --
2023 $1,362 $39,570 $7,910 $31,660
2022 $1,348 $27,170 $5,430 $21,740
2021 $1,352 $23,370 $4,670 $18,700
2020 $1,310 $20,650 $4,130 $16,520
2019 $1,312 $18,150 $3,630 $14,520
2018 $1,269 $15,920 $3,180 $12,740
2017 $1,216 $15,010 $3,000 $12,010
2016 $1,196 $13,500 $2,700 $10,800
2015 $1,108 $12,630 $2,520 $10,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5850997

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-091