2838 E Le Marche Ave Phoenix, AZ 85032
Paradise Valley Neighborhood
--
Bed
--
Bath
3,618
Sq Ft
1982
Built
Highlights
- Heated Community Pool
- Cooling Available
- Ceiling Fan
- Sport Court
- Community Barbecue Grill
- 5-minute walk to Palomino Park
About This Home
As of September 2021ATTENTION INVESTORS! Here is your cash flow cow! Performing CAP IS 8%!! This 4plex in North Phoenix is ready for you to take over. All units fully rented with great tenants & rental history (only 30 days of vacancy in last 2 years). All units are large 2 bedroom 2 bath with inside laundry hookups all with recent upgrades. DRIVE BY ONLY!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,250
Year Built
- Built in 1982
Home Design
- Wood Frame Construction
- Foam Roof
- Stucco
Interior Spaces
- Ceiling Fan
Flooring
- Carpet
- Vinyl
Parking
- 8 Parking Spaces
- 4 Covered Spaces
- Paved Parking
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, cable TV
- Tax Lot 18
- Assessor Parcel Number 214-39-046
Community Details
Overview
- 4 Units
- Building Dimensions are 5808
- Greenway Manor Lot 1 72 Tr A E Subdivision
Recreation
- Sport Court
- Community Playground
- Heated Community Pool
Additional Features
- Community Barbecue Grill
- Operating Expense $1,250
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2021
Closed on
Sep 13, 2021
Sold by
Wetmore Blanca and Wetmore Paul
Bought by
Upadhyay Tapish and Upadhyay Brittany
Seller's Agent
M Paula Farace-Outeiral
RE/MAX Professionals
Buyer's Agent
Eddy Parris
Re/Max Fine Properties
List Price
$499,999
Sold Price
$515,000
Premium/Discount to List
$15,001
3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.19%
Original Mortgage
$386,250
Outstanding Balance
$355,267
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$337,223
Purchase Details
Closed on
Mar 18, 2021
Sold by
Wetmore Blanca and The Blanca Wetmore Living Trus
Bought by
Wetmore Blanca and Wetmore Paul
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
Wetmore Paul
Bought by
Wetmore Blanca
Seller's Agent
Kelly Oxford
Realty85
Buyer's Agent
M Paula Farace-Outeiral
RE/MAX Professionals
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
14.31%
Purchase Details
Listed on
Oct 25, 2018
Closed on
Nov 15, 2018
Sold by
Ray Martin
Bought by
Wetmore Blanca and Wetmore Paul
Seller's Agent
Kelly Oxford
Realty85
Buyer's Agent
M Paula Farace-Outeiral
RE/MAX Professionals
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
Sahota Rapinderjit K and Sahota Amarpal Singh
Bought by
Ray Martin
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
Murano Properties Az Llc
Bought by
Sahota Rapinderjt Kaur and Sahota Amarpal Singh
Purchase Details
Closed on
Nov 18, 2009
Sold by
Greenpoint Mortgage Funding Inc
Bought by
Murano Earl Llc
Purchase Details
Closed on
Oct 3, 2008
Sold by
Schwartz Ronald and Schwartz Stephanie
Bought by
Greenpoint Mortgage Funding Inc
Purchase Details
Closed on
Apr 26, 2006
Sold by
Schwartz Ronald V and Schwartz Stephanie
Bought by
East Paradise Lane Llc
Purchase Details
Closed on
Nov 22, 2005
Sold by
Bliven Instments Llc
Bought by
Schwartz Ronald and Schwartz Stephanie
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
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
Similar Home in Phoenix, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $515,000 | Pioneer Title Agency Inc | |
| Interfamily Deed Transfer | -- | Premier Title Agency | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $289,600 | First American Title Insuran | |
| Warranty Deed | $191,500 | Lawyers Title Of Arizona Inc | |
| Cash Sale Deed | $106,000 | First American Title Ins Co | |
| Cash Sale Deed | $119,500 | Old Republic Title Agency | |
| Trustee Deed | $310,000 | Old Republic Title Agency | |
| Quit Claim Deed | -- | Tsa Title Agency | |
| Warranty Deed | $380,000 | Tsa Title Agency | |
| Special Warranty Deed | $17,300,000 | -- | |
| Special Warranty Deed | $12,100,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $386,250 | New Conventional | |
| Previous Owner | $200,200 | New Conventional | |
| Previous Owner | $217,200 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $188,030 | FHA | |
| Previous Owner | $304,000 | Purchase Money Mortgage | |
| Previous Owner | $13,125,000 | Commercial | |
| Previous Owner | $11,257,450 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | Price Changed | $680,000 | -2.9% | -- |
| 04/18/2025 04/18/25 | For Sale | $700,000 | +35.9% | -- |
| 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 |
| 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 |
| 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 Compared to Growth
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 | $1,370 | $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
-
Eddy Parris
Seller's Agent in 2025
Eddy Parris
RE/MAX
(623) 297-2766
1 in this area
11 Total Sales
-
M Paula Farace-Outeiral
Seller's Agent in 2021
M Paula Farace-Outeiral
RE/MAX
(480) 229-7164
3 in this area
44 Total Sales
-
Kelly Oxford
Seller's Agent in 2018
Kelly Oxford
Realty85
(520) 709-3438
2 in this area
70 Total Sales
-
R
Seller's Agent in 2016
Robert Davis
RMG Realty
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5838032
APN: 214-39-046
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.
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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