NOT LISTED FOR SALE

2843 E Grandview Rd Phoenix, AZ 85032

Paradise Valley Neighborhood

Estimated Value: $464,791 - $714,000

8 Beds
4 Baths
880 Sq Ft
$697/Sq Ft Est. Value

Last Sold January 27, 2012

Last sale price $137,500 $156 Per Sq Ft

Est. 346% increase in value since last sale

Current estimated payment $3,544/month

77 Days on Market

Highlights

  • Cooling Available
  • Painted or Stained Flooring
  • Heating Available

About This Home

As of January 2012

NOT a short sale OR REO. 100% occupied. Rents are as follows: Units 101 & 102 at $550/month & Units 103 & 104 at $600/month. All large 2 bed/1bath units (approx. 880ft2 each). Individually metered for electric. All units have washer and dryer hookups and private enclosed back yards. Buyer to verify all facts and figures.

Last Agent to Sell the Property

Jason Campagna

Orion Investment Real Estate License #SA543294000 Listed on: 09/14/2011

Last Buyer's Agent

Marla Wicks

DeLex Realty License #SA537509000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,360

Year Built

  • Built in 1985

Lot Details

  • 10,542

Home Design

  • Composition Shingle Roof
  • Stucco

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Vinyl

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for landscaping, sewer, trash collection, water

Community Details

Overview

  • $1,656 per year Dock Fee
  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Insurance Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,360

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Appliances Included: F/S Oven/Range
  • Construction Finish: Painted, Stucco
  • Cross Street: Greenway Parkway & 32nd St
  • Floors: Carpet, Vinyl
  • Legal Info Range: 3E
  • Legal Info Section: 2
  • Legal Info Township: 3N
  • Roads Streets: Asphalt
  • Property Type: F
  • Hundred Block: 16475
  • Marketing Name: Turn-Key 4 Plex!
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 5.00
  • Map Code Grid: L35
  • Year Built: 1985
  • Tax Year: 2009
  • Directions: West on Greenway to 29th Street. North to Grandview.
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roofing: Comp Shingle

Garage/Parking

  • Parking: 1 Space/Unit
  • Total Parking Spaces: 5.00

Utilities

  • Water: City Franchise
  • Electric: APS
  • Cooling: Electric
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: No Pool

Lot Info

  • Lot Size: IRR

Multi Family

  • Income And Expenses Annual Elec Exp: 300.00
  • Income And Expenses Annual Ins Exp: 1000.00
  • Income And Expenses Annual Maint Exp: 2000.00
  • Income And Expenses Annual Trash Exp: 720.00
  • Income And Expenses Annual Water Sewer Exp: 2500.00
  • Income And Expenses Net Operating Income: 16664.00
  • Income And Expenses Operating Exp: 8176.00
  • Income And Expenses Vacancy Allowance: 0.10
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Landscaping, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 575.00
  • Two Bedroom Units Avg Sq Ft: 880
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1656.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2011
Closed on
Dec 28, 2011
Sold by
Troudt Lemburg Llc
Bought by
Tang Yi
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Marla Wicks
DeLex Realty
List Price
$155,000
Sold Price
$137,500
Premium/Discount to List
-$17,500
-11.29%
Total Days on Market
77
Current Estimated Value
$613,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,948
Avg. Annual Appreciation
12.47%
Original Mortgage
$103,125
Outstanding Balance
$72,544
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$589,643

Purchase Details

Listed on
Sep 14, 2011
Closed on
Dec 12, 2011
Sold by
Zhao Jianwu
Bought by
Tang Yi
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Marla Wicks
DeLex Realty
List Price
$155,000
Sold Price
$137,500
Premium/Discount to List
-$17,500
-11.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,125
Outstanding Balance
$72,544
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$589,643

Purchase Details

Closed on
Jul 7, 2010
Sold by
Sims Acquisition Company Sac Llc
Bought by
Troudt Lemburg Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,145
Interest Rate
4.82%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 21, 2010
Sold by
Lin Jonathan and Lin Janet
Bought by
Sims Acquisition Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,145
Interest Rate
4.82%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 16, 2005
Sold by
Mrock & Associates Inc
Bought by
Lin Jonathan Y and Lin Janet H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2003
Sold by
Nawrocki Matt
Bought by
Mrock & Associates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,749
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2003
Sold by
Maher Marc
Bought by
Nawrocki Matt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,749
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2002
Sold by
Bright Star Management Llc
Bought by
Maher Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2001
Sold by
Holub George and Holub Emily
Bought by
Bright Star Management Llc

Purchase Details

Closed on
Aug 27, 1999
Sold by
Bohan Patrick J
Bought by
Holub George and Holub Emily E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,650
Interest Rate
7.56%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Tang Yi $137,500 Great American Title Agency
Tang Yi -- Great American Title Agency
Troudt Lemburg Llc $115,000 Stewart Title & Trust Of Pho
Sims Acquisition Company Llc $85,400 Stewart Title & Trust Of Pho
Lin Jonathan Y $340,000 --
Mrock & Associates Inc -- Capital Title Agency Inc
Nawrocki Matt $246,333 Capital Title Agency Inc
Maher Marc $230,000 First American Title Ins Co
Bright Star Management Llc -- --
Holub George $158,500 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tang Yi $103,125
Previous Owner Sims Acquisition Company Sac Llc $80,145
Previous Owner Lin Jonathan Y $33,950
Previous Owner Lin Jonathan Y $272,000
Previous Owner Nawrocki Matt $184,749
Previous Owner Maher Marc $184,000
Previous Owner Holub George $142,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2012 01/27/12 Sold $137,500 -11.3% $156 / Sq Ft
11/30/2011 11/30/11 Pending -- -- --
09/14/2011 09/14/11 For Sale $155,000 -- $176 / 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 $1,360 $13,661 -- --
2024 $1,331 $13,011 -- --
2023 $1,331 $44,570 $8,910 $35,660
2022 $1,318 $31,320 $6,260 $25,060
2021 $1,322 $28,070 $5,610 $22,460
2020 $1,281 $24,620 $4,920 $19,700
2019 $1,283 $19,980 $3,990 $15,990
2018 $1,241 $19,320 $3,860 $15,460
2017 $1,189 $16,420 $3,280 $13,140
2016 $1,169 $20,310 $4,060 $16,250
2015 $1,083 $17,280 $3,450 $13,830
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jason Campagna

    Orion Investment Real Estate

  • M

    Buyer's Agent in 2012

    Marla Wicks

    DeLex Realty

    (480) 343-8537

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4646412

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-31-031H

Arizona Maricopa County Phoenix 85032 Paradise Valley

2843 E Grandview Rd, Phoenix, AZ

This home is located at 2843 E Grandview Rd, Phoenix, AZ 85032 since 14 September 2011 and is currently estimated at $613,448, approximately $697 per square foot. This property was built in 1985. 2843 E Grandview Rd 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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