NOT LISTED FOR SALE

2839 E Paradise Ln Unit 4 Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $401,151 - $657,000

-- Bed
-- Bath
10,296 Sq Ft
$55/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $225,000 $22 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $3,081/month

3 Days on Market

Highlights

  • Heated Community Pool
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Cooling Available

About This Home

As of January 2018

It's the preferred income producing 4 plex/units in palomino point.

1 One bed/one bath unit
2 Two bed/two bath unit
3 Three bed/three bath unit
HOA Pays water/sewer/trash and landscaping, your property manager takes care of the rest. All units have Washer/dryers. Newer HVACs. Buyer to verify all items during the due diligence period.

Last Agent to Sell the Property

Sam Shamon

America Star Real Estate License #BR666561000 Listed on: 01/05/2018

Last Buyer's Agent

Fuyou Liu

DeLex Realty License #SA638149000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,213

Year Built

  • Built in 1982

Lot Details

  • 5,663

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • Tax Lot 21
  • Assessor Parcel Number 214-39-049

Community Details

Overview

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

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $13,353
  • Gross Income $31,200
  • Net Operating Income $20,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,213

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 32nd street/Greenway
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2016
  • Road Surface Type: Private Street, Concrete, Sidewalk(s)
  • Subdivision Name: GREENWAY MANOR LOT 1-72 TR A-E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range, F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Community Amenities:Pool2: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 214-39-049

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 31200.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 1700.0
  • Property Net Operating Income: 20840.0
  • Annual Operating Expense: 13353.0

Tax Info

  • Tax Annual Amount: 1213.0
  • Tax Book Number: 214.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2018
Closed on
Jan 26, 2018
Sold by
Lazar Micke D
Bought by
Zhang Shuqing
Seller's Agent
Sam Shamon
America Star Real Estate
Buyer's Agent
Fuyou Liu
DeLex Realty
List Price
$229,900
Sold Price
$225,000
Premium/Discount to List
-$4,900
-2.13%
Current Estimated Value
$567,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,384
Avg. Annual Appreciation
12.42%

Purchase Details

Listed on
Jan 5, 2018
Closed on
Jan 17, 2018
Sold by
Liu Fuyou and Zhang Shuqing
Bought by
Zhang Shuqing
Seller's Agent
Sam Shamon
America Star Real Estate
Buyer's Agent
Fuyou Liu
DeLex Realty
List Price
$229,900
Sold Price
$225,000
Premium/Discount to List
-$4,900
-2.13%

Purchase Details

Closed on
Mar 30, 2015
Sold by
Bocci Scott
Bought by
Lazar Mike D

Purchase Details

Closed on
Mar 16, 2009
Sold by
Bocci Janice
Bought by
Bocci Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2006
Sold by
Bliven Investments Llc
Bought by
Howe Cherie

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Zhang Shuqing $225,000 Clear Title Agency Of Arizon
Zhang Shuqing -- Clear Title Agency Of Arizon
Lazar Mike D $170,000 Chicago Title Agency Inc
Bocci Scott -- Chicago Title
Bocci Scott $175,000 Chicago Title
Howe Cherie $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 Bocci Scott $131,250
Previous Owner Howe Cherie $304,000
Previous Owner Bliven Investments $13,125,000
Previous Owner Paradise Urban Investments Llc $11,257,450
Closed Howe Cherie $38,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2018 01/31/18 Sold $225,000 -2.1% $22 / Sq Ft
01/08/2018 01/08/18 Pending -- -- --
01/05/2018 01/05/18 For Sale $229,900 -- $22 / 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 $1,403 $13,730 -- --
2024 $1,338 $13,076 -- --
2023 $1,338 $38,860 $7,770 $31,090
2022 $1,325 $26,710 $5,340 $21,370
2021 $1,329 $22,850 $4,570 $18,280
2020 $1,287 $20,180 $4,030 $16,150
2019 $1,289 $17,870 $3,570 $14,300
2018 $1,247 $15,710 $3,140 $12,570
2017 $1,195 $14,830 $2,960 $11,870
2016 $1,175 $13,260 $2,650 $10,610
2015 $1,088 $12,470 $2,490 $9,980
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Sam Shamon

    America Star Real Estate

    (623) 444-0719

    2 in this area

    15 Total Sales

    Sam Shamon
    Section Image

  • F

    Buyer's Agent in 2018

    Fuyou Liu

    DeLex Realty

    (480) 756-9922

    2 Total Sales

    Fuyou Liu
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5706075

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-049

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2839 E Paradise Ln Unit 4, 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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