NOT LISTED FOR SALE

2833 E Le Marche Ave Phoenix, AZ 85032

Paradise Valley Neighborhood

Estimated Value: $571,562 - $691,000

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

Last Sold December 20, 2019

Last sale price $360,000 $100 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $3,673/month

1 Day on Market

Highlights

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

About This Home

As of December 2019

Amazing investment fourplex in North Phoenix! Premium corner building with no shared walls, and easy access to covered parking for tenants. Units consist of: one 1bed/1bath unit, two 2bed/2bath units, and a 3bed/3bath unit. All units have a large square footage and modern layouts and all include washer/dryer hookups. Three units have ground level patios that open onto a large common area and three units also feature upper level balconies. Great rents that make it a no brainer for any investor. Monthly HOA dues INCLUDE: water/sewer/trash, common area maintenance, landscaping, community pool, parking enforcement, and gated access.

Last Agent to Sell the Property

Jason Snyder

HomeSmart License #SA576063000 Listed on: 12/02/2019

HomeSmart

Last Buyer's Agent

Jason Snyder

HomeSmart License #SA576063000 Listed on: 12/02/2019

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,300

Year Built

  • Built in 1982

Lot Details

  • 6,186

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 14
  • Assessor Parcel Number 214-39-042

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6169
  • Greenway Manor Lot 1 72 Tr A E Subdivision

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $14,140
  • Net Operating Income $33,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,300

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 29th St and Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: PAD-13
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Mobile Home Prk Info Total Number Spaces: 1
  • Tax Year: 2019
  • Directions: North on 29th St to complex on the left (Palomino Pointe)
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENWAY MANOR LOT 1-72 TR A-E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 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
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Play Area, Pool

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Community Amenities:Play Area: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 6169
  • Additional Parcels: No
  • Parcel #: 214-39-042

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 1100.0
  • Maintenance Expense: 4000.0
  • Property Net Operating Income: 33960.0
  • Annual Operating Expense: 14140.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1300.0
  • Tax Book Number: 214.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2019
Closed on
Dec 18, 2019
Sold by
Encore Acquisitions Llc
Bought by
Tran Nguyen and Tran Binh
Seller's Agent
Jason Snyder
HomeSmart
Buyer's Agent
Jason Snyder
HomeSmart
List Price
$360,000
Sold Price
$360,000
Current Estimated Value
$652,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,945
Avg. Annual Appreciation
11.20%

Purchase Details

Listed on
Dec 2, 2019
Closed on
Dec 17, 2019
Sold by
Vuong Theresa
Bought by
Tran Nguyen
Seller's Agent
Jason Snyder
HomeSmart
Buyer's Agent
Jason Snyder
HomeSmart
List Price
$360,000
Sold Price
$360,000

Purchase Details

Closed on
Aug 23, 2018
Sold by
Snyder Jason
Bought by
Encore Acquisitions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2018
Sold by
Ownes Regina
Bought by
Snyder Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 4, 2017
Closed on
Jun 29, 2017
Sold by
Hofmann Ralph R
Bought by
Encore Acquisitions Llc
Seller's Agent
Jill Anderson
Russ Lyon Sotheby's International Realty
Buyer's Agent
Jason Snyder
HomeSmart
List Price
$199,000
Sold Price
$209,500
Premium/Discount to List
$10,500
5.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.08%
Original Mortgage
$148,000
Interest Rate
4.02%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 24, 2011
Sold by
Hill Jeff
Bought by
Hofmann Ralph R

Purchase Details

Closed on
Nov 17, 2005
Sold by
Bliven Investments Llc
Bought by
Hill Jeff

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
6.5%
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
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tran Nguyen $360,000 Stewart Ttl & Tr Of Phoenix
Tran Nguyen -- Stewart Ttl & Tr Of Phoenix
Encore Acquisitions Llc -- None Available
Snyder Jason -- Stewart Title & Trust Of Pho
Snyder Jason -- Stewart Title & Trust Of Pho
Encore Acquisitions Llc $209,500 First American Title Insuran
Hofmann Ralph R $81,000 Stewart Title & Trust Of Pho
Hill Jeff $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 Tran Binh $253,500
Closed Tran Binh $252,000
Previous Owner Snyder Jason R $164,500
Previous Owner Encore Acquisitions Llc $148,000
Previous Owner Hill Jeff $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 Change Sq Ft Price
12/20/2019 12/20/19 Sold $360,000 0.0% $100 / Sq Ft
12/03/2019 12/03/19 Pending -- -- --
12/02/2019 12/02/19 For Sale $360,000 +71.8% $100 / Sq Ft
06/30/2017 06/30/17 Sold $209,500 -2.6% $58 / Sq Ft
05/28/2017 05/28/17 Pending -- -- --
05/19/2017 05/19/17 Price Changed $215,000 -1.8% $59 / Sq Ft
05/11/2017 05/11/17 Price Changed $219,000 +10.1% $61 / Sq Ft
03/04/2017 03/04/17 For Sale $199,000 -- $55 / 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 $1,378 $13,845 -- --
2024 $1,349 $13,186 -- --
2023 $1,349 $39,230 $7,840 $31,390
2022 $1,336 $26,960 $5,390 $21,570
2021 $1,340 $23,110 $4,620 $18,490
2020 $1,298 $20,430 $4,080 $16,350
2019 $1,300 $18,020 $3,600 $14,420
2018 $1,257 $15,820 $3,160 $12,660
2017 $1,205 $14,930 $2,980 $11,950
2016 $1,185 $13,380 $2,670 $10,710
2015 $1,098 $12,560 $2,510 $10,050
Source: Public Records

Agents Affiliated with this Home

  • Jason Snyder

    Seller's Agent in 2019

    Jason Snyder

    HomeSmart

    (602) 330-5390

    19 in this area

    30 Total Sales

    Section Image
  • Jill Anderson

    Seller's Agent in 2017

    Jill Anderson

    Russ Lyon Sotheby's International Realty

    4 in this area

    144 Total Sales

    Section Image
  • Katie Atkison

    Seller Co-Listing Agent in 2017

    Katie Atkison

    Success Property Brokers

    (602) 769-1910

    1 in this area

    38 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6010300

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-042

Arizona Maricopa County Phoenix 85032 Paradise Valley

2833 E Le Marche Ave, Phoenix, AZ

This home is located at 2833 E Le Marche Ave, Phoenix, AZ 85032 since 02 December 2019 and is currently estimated at $650,141, approximately $179 per square foot. This property was built in 1982. 2833 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

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