NOT LISTED FOR SALE

2838 E Le Marche Ave Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $570,612 - $614,000

8 Beds
-- Bath
3,618 Sq Ft
$164/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2021

Last sale price $515,000 $142 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,357 / mo

37 Days on Market

Highlights

  • Private Pool
  • Patio
  • Community Barbecue Grill
  • Cooling Available
  • Community Playground
  • 5-minute walk to Palomino Park

About This Home

As of September 2021

ATTENTION INVESTORS! Here is your cash flow cow! Performing CAP IS 4.7%!! This 4plex in North Phoenix is ready for you to take over. All units fully rented with great tenants & rental history (only 0 days of vacancy in last 2 years). All units are large 2 bedroom 2 bath with inside laundry hookups all with recent upgrades. 3 of the 4 units partial remodeled.. Unit 101 new carpeting in master, and main bath, new toilet, new bath, new surround, new plumbing, (bath).Unit 103 main bath new toilet remodeled new tub, tub surround, faucet, vanity, and fresh paint. Unit 102 New sink,, new faucet,, new vanity in master, and paint garbage disposal, vinyl flooring, DRIVE BY ONLY!

Last Agent to Sell the Property

M Paula Farace-Outeiral

RE/MAX Fine Properties License #SA550273000 Listed on: 08/01/2021

RE/MAX Fine Properties

Last Buyer's Agent

Eddy Parris

RE/MAX Fine Properties License #BR015431000

RE/MAX Fine Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,290

Year Built

  • Built in 1982

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Parking Available
  • Paved Parking
  • Additional Parking

Outdoor Features

  • Private Pool
  • Patio

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Not Available

Listing and Financial Details

  • Tenant pays for water, sewer, trash collection
  • The owner pays for water, sewer, trash collection
  • Tax Lot 18
  • Assessor Parcel Number 214-39-046

Community Details

Overview

  • 4 Units
  • Building Dimensions are 5808
  • Greenway Manor Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $9,798
  • Gross Income $34,645
  • Net Operating Income $22,326

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,290

Year Built

Built in 1982

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 32nd St & Greenway
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENWAY MANOR
  • Const - Finish:Const - Finish: Painted, Stucco
  • Cooling:Cooling: Electric, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS
  • Sale Includes:Sale Includes: Building(s) Only
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Dishwasher, W/D Hookup
  • Interior Features:Interior Features: Unfurnished, Fire/Smoke Alarm(s)

Exterior Features

  • Pool Private: Yes
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Built-Up
  • Exterior Amenities: Patio/Balcony

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Paved
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • Parking Features:Parking Features: 1 Space/Unit, Paved, Add'l Parking Avail

Utilities

  • Electric: APS
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: Pool, Play Area, Barbecue

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 5808
  • Additional Parcels: No
  • Parcel #: 214-39-046

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Water, Sewer, Trash Collection
  • Number Of Units Total: 4
  • Annual Gross Income: 34644.6
  • Property Net Operating Income: 22326.0
  • Annual Operating Expense: 9798.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1290.0
  • Tax Book Number: 214.0
  • Tax Lot: 18

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2021
Closed on
Sep 13, 2021
Sold by
Bought by
Seller's Agent
M Paula Farace-Outeiral
RE/MAX Fine Properties
Buyer's Agent
Eddy Parris
RE/MAX Fine Properties
List Price
$499,999
Sold Price
$515,000
Premium/Discount to List
$15,001
3%
Current Estimated Value
$594,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,653
Avg. Annual Appreciation
3.03%
Original Mortgage
$386,250
Outstanding Balance
$344,491
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$250,162

Purchase Details

Closed on
Mar 18, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,200
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 25, 2018
Closed on
Feb 22, 2019
Sold by
Bought by
Seller's Agent
Kelly Oxford
Realty85
Buyer's Agent
M Paula Farace-Outeiral
RE/MAX Fine Properties
List Price
$299,000
Sold Price
$289,600
Premium/Discount to List
-$9,400
-3.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.96%

Purchase Details

Listed on
Oct 25, 2018
Closed on
Nov 15, 2018
Sold by
Bought by
Seller's Agent
Kelly Oxford
Realty85
Buyer's Agent
M Paula Farace-Outeiral
RE/MAX Fine Properties
List Price
$299,000
Sold Price
$289,600
Premium/Discount to List
-$9,400
-3.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,200
Interest Rate
7.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 23, 2016
Closed on
Aug 18, 2016
Sold by
Bought by
Seller's Agent
Robert Davis
RMG Realty
Buyer's Agent
Kelly Oxford
Realty85
List Price
$189,000
Sold Price
$192,500
Premium/Discount to List
$3,500
1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.52%
Original Mortgage
$188,030
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 3, 2011
Sold by
Bought by

Purchase Details

Closed on
Nov 18, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 3, 2008
Sold by
Bought by

Purchase Details

Closed on
Apr 26, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 22, 2005
Sold by
Bought by

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
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2005
Sold by
Bought by

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
Bought by

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$515,000 Pioneer Title Agency Inc
-- Premier Title Agency
-- None Available
-- None Available
$289,600 First American Title Insuran
$191,500 Lawyers Title Of Arizona Inc
$106,000 First American Title Ins Co
$119,500 Old Republic Title Agency
$310,000 Old Republic Title Agency
-- Tsa Title Agency
$380,000 Tsa Title Agency
$17,300,000 --
$12,100,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $386,250
Previous Owner $200,200
Previous Owner $217,200
Previous Owner $188,030
Previous Owner $304,000
Previous Owner $13,125,000
Previous Owner $11,257,450
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2021 09/30/21 Sold $515,000 0.0% $142 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
09/07/2021 09/07/21 Off Market $515,000 -- --
09/04/2021 09/04/21 For Sale $499,999 0.0% $138 / Sq Ft
08/08/2021 08/08/21 Pending -- -- --
08/01/2021 08/01/21 For Sale $499,999 +72.7% $138 / Sq Ft
12/28/2018 12/28/18 Sold $289,600 +0.2% $80 / Sq Ft View Prior Sale
11/09/2018 11/09/18 Price Changed $289,000 -3.3% $80 / Sq Ft
10/25/2018 10/25/18 For Sale $299,000 +55.3% $83 / Sq Ft
09/12/2016 09/12/16 Sold $192,500 +1.9% $53 / Sq Ft View Prior Sale
08/11/2016 08/11/16 Pending -- -- --
07/13/2016 07/13/16 For Sale $189,000 -- $52 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,406 $13,760
2024 $1,341 $13,105
2023 $1,341 $38,970 $7,790 $31,180
2022 $1,328 $26,780 $5,350 $21,430
2021 $1,331 $22,920 $4,580 $18,340
2020 $1,290 $20,260 $4,050 $16,210
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 $13,300 $2,660 $10,640
2015 $1,091 $12,500 $2,500 $10,000
Source: Public Records

Agents Affiliated with this Home

  • M Paula Farace-Outeiral

    Seller's Agent in 2021

    M Paula Farace-Outeiral

    RE/MAX Fine Properties

    (480) 229-7164

    2 in this area

    39 Total Sales

    M Paula Farace-Outeiral
    Section Image
  • Eddy Parris

    Buyer's Agent in 2021

    Eddy Parris

    RE/MAX Fine Properties

    (623) 297-2766

    1 in this area

    6 Total Sales

    Eddy Parris
    Section Image
  • Kelly Oxford

    Seller's Agent in 2018

    Kelly Oxford

    Realty85

    (520) 709-3438

    1 in this area

    50 Total Sales

    Kelly Oxford
    Section Image

  • M

    Buyer's Agent in 2018

    M Outeiral-Farace

    RE/MAX

  • R

    Seller's Agent in 2016

    Robert Davis

    RMG Realty

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6272989

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-046

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2838 E Le Marche Ave, Phoenix, AZ

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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