NOT LISTED FOR SALE

2837 E Monte Cristo Ave Unit 7 Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $354,822 - $681,000

8 Beds
8 Baths
1,800 Sq Ft
$325/Sq Ft Est. Value

Last Sold April 17, 2015

Last sale price $167,500 $93 Per Sq Ft

Est. 233% increase in value since last sale

Current estimated payment $3,009/month

3 Days on Market

Highlights

  • Heated Community Pool
  • Community Playground
  • Heating Available
  • Cooling Available
  • Carpet

About This Home

As of April 2015

Grt location on 75% occupied 4-plex. Conveniently located across from Palomino School, park, close to freeways. Community pool, large green area, 1 covered parking space per unit. HOA monthly dues $512 per mth per building (not unit) includes pool, common area & parking lot maintenance, porter, water & trash. HOA fee does not include management fees or building maint. Tenants pay electric. 3 units 2BR, 2Bth, 1 unit 2BR, 1-1/2 bath. Washer/dryer hook ups in each. 3 units rented: #102 @ $550, expired 6/30/13 now MTM, #103 @ $565 exps 4/30/15, 203 upstairs @ $525, exps 4/1/16. Unit #101 rent ready (see pictures), 2 newer HVAC condenser units. Do not disturb tenants in occupied units. NOTE unit sizes approx. Total Bldg 3618SF. Lot is 6505SF.

Last Agent to Sell the Property

Pat Hune

1st Southwest Realty, LLC License #BR529524000 Listed on: 03/13/2015

Last Buyer's Agent

Wai Tsang

Gold Trust Realty License #BR549029000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,115

Year Built

  • Built in 1982

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 214-39-035

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6505

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $11,877

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,115

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 32nd St & Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2014
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • 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, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Pool2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, 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: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Play Area, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: 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 High School

Lot Info

  • Lot Size: 6505
  • Additional Parcels: No
  • Parcel #: 214-39-035

Multi Family

  • Owner Pays: Other, See Remarks
  • Number Of Units Total: 4
  • Insurance Expense: 1018.0
  • Maintenance Expense: 3600.0
  • Annual Operating Expense: 11877.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1115.0
  • Tax Book Number: 214.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2017
Sold by
Chung Tung Shing and Tsang Wai Mui Chung
Bought by
2837 East Monte Cristo Avenue Llc and Chung Tung Shing
Current Estimated Value
$558,363

Purchase Details

Closed on
Jan 11, 2017
Sold by
Chung Tung Shing and Tsang Wai Mui Chung
Bought by
2837 East Monte Cristo Avenue Llc

Purchase Details

Closed on
May 19, 2016
Sold by
Tsang Janet F
Bought by
Chung Tung Shing and Tsang Wai Mui Chung

Purchase Details

Listed on
Mar 13, 2015
Closed on
Apr 15, 2015
Sold by
Monte Cristo Investments Az Llc
Bought by
Tsang Janet F
Seller's Agent
Pat Hune
1st Southwest Realty, LLC
Buyer's Agent
Wai Tsang
Gold Trust Realty
List Price
$167,500
Sold Price
$167,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.33%

Purchase Details

Closed on
May 5, 2007
Sold by
Tan Andiyono and Tan Yulia Y
Bought by
Monte Cristo Investments Az Llc

Purchase Details

Closed on
Jan 18, 2007
Sold by
Monte Cristo Investments Az Llc
Bought by
Tan Andiyono and Tan Yulia Y

Purchase Details

Closed on
Feb 11, 2006
Sold by
Tan Andiyono and Tan Yulia Y
Bought by
Monte Cristo Investments Az Llc

Purchase Details

Closed on
Nov 7, 2005
Sold by
Bliven Investments Llc
Bought by
Tan Andiyono and Tan Yulia Y

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
Fannie Mae Freddie Mac

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
2837 East Monte Cristo Avenue Llc -- None Available
2837 East Monte Cristo Avenue Llc -- None Available
Chung Tung Shing $167,500 Title365 Agency
Tsang Janet F $167,500 Title365 Agency
Monte Cristo Investments Az Llc -- None Available
Tan Andiyono -- None Available
Monte Cristo Investments Az Llc $380,000 None Available
Tan Andiyono $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
Previous Owner Tan Andiyono $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
04/17/2015 04/17/15 Sold $167,500 0.0% $93 / Sq Ft
03/16/2015 03/16/15 Pending -- -- --
03/13/2015 03/13/15 For Sale $167,500 -- $93 / 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 $1,424 $13,931 -- --
2024 $1,358 $13,267 -- --
2023 $1,358 $39,460 $7,890 $31,570
2022 $1,344 $27,100 $5,420 $21,680
2021 $1,348 $23,280 $4,650 $18,630
2020 $1,306 $20,570 $4,110 $16,460
2019 $1,308 $18,110 $3,620 $14,490
2018 $1,265 $15,880 $3,170 $12,710
2017 $1,213 $14,980 $2,990 $11,990
2016 $1,192 $13,460 $2,690 $10,770
2015 $1,104 $12,610 $2,520 $10,090
Source: Public Records

Agents Affiliated with this Home

  • Pat Hune

    Seller's Agent in 2015

    Pat Hune

    1st Southwest Realty, LLC

    (480) 703-1976

    47 Total Sales

    Pat Hune
    Section Image

  • W

    Buyer's Agent in 2015

    Wai Tsang

    Gold Trust Realty

    2 Total Sales

    Wai Tsang
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5250258

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-035

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2837 E Monte Cristo Ave Unit 7, 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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