Seller's Agent in 2018
Jill Anderson
Russ Lyon Sotheby's International Realty
2 in this area
132 Total Sales
2838 E Marconi Ave Phoenix, AZ 85032
Paradise Valley Village NeighborhoodEstimated Value: $421,701 - $655,000
Studio
--
Bath
3,618
Sq Ft
$155/Sq Ft
Est. Value
Highlights
- Clubhouse
- Sport Court
- Community Barbecue Grill
- Heated Community Pool
- Cooling Available
- Carpet
About This Home
As of June 2018Rare opportunity to have a building in such good shape with two very long term tenants in place. All units have been updated and well-maintained. This is an excellent investment opportunity at this price. There is one 3-bedroom unit, two 2-bedroom units, and one 1-bedroom unit. Each apartment has a balcony or private patio. This is a superb passive investment for those who want to put their money into an incredible cash flowing property. Please do not walk property. Do not disturb tenants.
Last Agent to Sell the Property
Russ Lyon Sotheby's International Realty License #SA538355000 Listed on: 04/10/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,229
Year Built
- Built in 1982
Lot Details
- 7,362
Home Design
- Wood Frame Construction
- Built-Up Roof
- Stucco
Flooring
- Carpet
- Vinyl
Parking
- 2 Open Parking Spaces
- 6 Parking Spaces
- 4 Covered Spaces
- Common or Shared Parking
- Free Parking
- Assigned Parking
Schools
- Palomino Primary Elementary School
- Greenway Middle School
- North Canyon High School
Utilities
- Cooling Available
- Individual Controls for Heating
Listing and Financial Details
- Tenant pays for electricity, cable TV
- Tax Lot 2
- Assessor Parcel Number 214-39-030
Community Details
Overview
- 4 Units
- Building Dimensions are irr
- Greenway Manor Subdivision
Amenities
- Community Barbecue Grill
- Clubhouse
Recreation
- Sport Court
- Community Playground
- Heated Community Pool
- Community Spa
Building Details
- Operating Expense $14,389
- Gross Income $31,179
- Net Operating Income $16,790
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2018
Closed on
Apr 19, 2018
Sold by
Hofmann Ralph
Bought by
Thomas Lucas
Seller's Agent
Jill Anderson
Russ Lyon Sotheby's International Realty
Buyer's Agent
Lucas Thomas
West USA Realty
List Price
$249,900
Sold Price
$245,000
Premium/Discount to List
-$4,900
-1.96%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,175
Avg. Annual Appreciation
11.47%
Original Mortgage
$235,000
Outstanding Balance
$201,908
Interest Rate
4.4%
Mortgage Type
VA
Estimated Equity
$360,267
Purchase Details
Closed on
Jun 23, 2011
Sold by
Taryle Warren and Taryle Diana
Bought by
Hofmann Ralph
Purchase Details
Closed on
May 3, 2007
Sold by
Big Table Llc
Bought by
Taryle Warren and Taryle Diana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 1, 2006
Sold by
Taryle Warren and Taryle Diana
Bought by
Big Table Llc
Purchase Details
Closed on
Dec 19, 2005
Sold by
Bliven Investments Llc
Bought by
Taryle Warren and Taryle Diana
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
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
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thomas Lucas | $245,000 | First American Title Insuran | |
| Hofmann Ralph | $82,000 | Chicago Title | |
| Taryle Warren | -- | Tsa Title Agency | |
| Big Table Llc | -- | None Available | |
| Taryle Warren | $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 | Thomas Lucas | $235,000 | |
| Previous Owner | Taryle Warren | $58,000 | |
| Previous Owner | Taryle Warren | $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 |
|---|---|---|---|---|
| 06/01/2018 06/01/18 | Sold | $245,000 | -2.0% | $68 / Sq Ft |
| 05/29/2018 05/29/18 | For Sale | $249,900 | 0.0% | $69 / Sq Ft |
| 05/29/2018 05/29/18 | Price Changed | $249,900 | 0.0% | $69 / Sq Ft |
| 04/18/2018 04/18/18 | Pending | -- | -- | -- |
| 04/11/2018 04/11/18 | For Sale | $249,900 | +2.0% | $69 / Sq Ft |
| 04/10/2018 04/10/18 | Off Market | $245,000 | -- | -- |
| 04/10/2018 04/10/18 | For Sale | $249,900 | -- | $69 / 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 | $1,442 | $14,115 | -- | -- |
| 2024 | $1,376 | $13,443 | -- | -- |
| 2023 | $1,376 | $39,980 | $7,990 | $31,990 |
| 2022 | $1,362 | $27,450 | $5,490 | $21,960 |
| 2021 | $1,366 | $23,670 | $4,730 | $18,940 |
| 2020 | $1,323 | $20,910 | $4,180 | $16,730 |
| 2019 | $1,325 | $18,310 | $3,660 | $14,650 |
| 2018 | $1,282 | $16,030 | $3,200 | $12,830 |
| 2017 | $1,229 | $15,110 | $3,020 | $12,090 |
| 2016 | $1,208 | $13,630 | $2,720 | $10,910 |
| 2015 | $1,119 | $12,730 | $2,540 | $10,190 |
Source: Public Records
Agents Affiliated with this Home
-
Jill Anderson
-
Katie Atkison
Seller Co-Listing Agent in 2018
Katie Atkison
Success Property Brokers
(602) 769-1910
1 in this area
35 Total Sales
-
Lucas Thomas
Buyer's Agent in 2018
Lucas Thomas
West USA Realty
(602) 885-1148
1 in this area
17 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5749406
APN: 214-39-030
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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