NOT LISTED FOR SALE

2839 E Paradise Ln Phoenix, AZ 85032

Paradise Valley Neighborhood

Estimated Value: $418,232 - $707,000

-- Bed
-- Bath
3,618 Sq Ft
$170/Sq Ft Est. Value

Last Sold April 01, 2015

Last sale price $170,000 $47 Per Sq Ft

Est. 262% increase in value since last sale

Current estimated payment $3,547/month

140 Days on Market

Highlights

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

About This Home

As of April 2015

It's the preferred unit mix in Palomino Point! 1 Three bed/three bath unit, 1 two bed/two bath, 1 two bedroom/1.5 bath townhouse and a large one bed/one bath unit. Arm chair investment! HOA pays water/sewer/trash and landscaping. Your property manager takes care of the rest! All units have washer/dryer hookups and some have washer/dryers! Newer HVACs. Buyer to verify all items during the due diligence period.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 11/04/2014

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Mona Oshana

Southwest Property Sales & Leasing License #SA542777000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $934

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
  • Common or Shared 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

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $10,278
  • Gross Income $24,624
  • Net Operating Income $14,346

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$934

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 32nd Street/Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2013
  • Directions: W to 29th Street, N to entrance of Palomino Point on W side of street across from school. W into complex. Take 1st right all the way to the end and another right-building 21 is the 2nd building in.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Common
  • 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:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Electric
  • 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

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: 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: 24624.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 14346.0
  • Annual Operating Expense: 10278.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 934.0
  • Tax Book Number: 214.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2018
Sold by
Lazar Micke D
Bought by
Zhang Shuqing
Total Days on Market
140
Current Estimated Value
$614,558

Purchase Details

Closed on
Jan 17, 2018
Sold by
Liu Fuyou and Zhang Shuqing
Bought by
Zhang Shuqing

Purchase Details

Listed on
Nov 4, 2014
Closed on
Mar 30, 2015
Sold by
Bocci Scott
Bought by
Lazar Mike D
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Mona Oshana
Southwest Property Sales & Leasing
List Price
$169,000
Sold Price
$170,000
Premium/Discount to List
$1,000
0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.41%

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:

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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
Open Zhang Shuqing $259,000
Closed Zhang Shuqing $161,000
Closed Zhang Shuqing $35,000
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 Change Sq Ft Price
04/01/2015 04/01/15 Sold $170,000 +0.6% $47 / Sq Ft
03/24/2015 03/24/15 Pending -- -- --
11/04/2014 11/04/14 For Sale $169,000 -- $47 / 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 $1,367 $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

  • Lloyd Kaipainen

    Seller's Agent in 2015

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2015

    Lois Kaipainen

    Income Property Shop

    Section Image
  • Mona Oshana

    Buyer's Agent in 2015

    Mona Oshana

    Southwest Property Sales & Leasing

    (623) 203-7424

    34 Total Sales

    Mona Oshana
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5195164

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-049

Arizona Maricopa County Phoenix 85032 Paradise Valley

2839 E Paradise Ln, Phoenix, AZ

This home is located at 2839 E Paradise Ln, Phoenix, AZ 85032 since 04 November 2014 and is currently estimated at $614,558, approximately $169 per square foot. This property was built in 1982. 2839 E Paradise Ln is a home located in Maricopa County with nearby schools including Palomino Primary School, Palomino Intermediate School, and Greenway Middle School.

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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