NOT LISTED FOR SALE

2843 E Marconi Ave Phoenix, AZ 85032

Estimated Value: $581,274 - $706,000

8 Beds
-- Bath
3,618 Sq Ft
$181/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $530,000 $146 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,590/month

30 Days on Market

Highlights

  • Clubhouse
  • Sport Court
  • Community Barbecue Grill
  • Heated Community Pool
  • Cooling Available
  • Heating Available

About This Home

As of September 2021

PRICE REDUCED $34,000! This property includes four 2B/2B units, and is fully occupied. The community has a sparkling swimming pool and so many other great
amenities. This is the perfect investment for an investor just wanting passive income. Or for an owner who wants to live in one unit for free
while the other three units more than pay all of the expenses The best part about this property is that the most recent lease was signed at
$1000/month. The new owner will easily be able to raise the other units up to that amount or higher.

All facts and figures are approximate. Buyer to verify all information during due diligence period.

Last Agent to Sell the Property

Daniel Shenkman

Keller Williams Realty East Valley License #SA549480000 Listed on: 06/16/2021

Last Buyer's Agent

S. Curtis Wieler

Century 21 Arizona Foothills License #BR560263000

Century 21 Arizona Foothills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,297

Year Built

  • Built in 1982

Lot Details

  • 6,098

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Palomino Primary Elementary School
  • Greenway Middle School
  • Paradise Valley High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • Legal Lot and Block 71 / 2800
  • Assessor Parcel Number 214-39-099

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 $9,037
  • Gross Income $40,140
  • Net Operating Income $31,101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,297

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 32nd Street & Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: PAD-13
  • Number Of Buildings: 1
  • Year Built: 1982
  • Tax Year: 2020
  • Directions: Head west on Greenway. Turn right on 29th St. Turn left on Marconi and property will be on your left.
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENWAY MANOR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Barbecue, Sport Court, Play Area, Clubhouse, Spa(s), Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes
  • Community Amenities:Play Area: Yes
  • Community Amenities:Sport Court: Yes
  • Community Amenities:Clubhouse: Yes

Schools

  • Elementary School: Palomino Primary School
  • High School: Paradise Valley High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Greenway Middle School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 214-39-099

Multi Family

  • Owner Pays: None
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 40140.0
  • Property Net Operating Income: 31101.0
  • Annual Operating Expense: 9037.0

Tax Info

  • Tax Annual Amount: 1297.0
  • Tax Block: 2800
  • Tax Book Number: 214.00
  • Tax Lot: 71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2021
Closed on
Sep 21, 2021
Sold by
2843 E Marconi Ave Llc
Bought by
Lenard Kim C and Kc Lenard Trust
Seller's Agent
Daniel Shenkman
Keller Williams Realty East Valley
Buyer's Agent
S. Curtis Wieler
Century 21 Arizona Foothills
List Price
$559,000
Sold Price
$530,000
Premium/Discount to List
-$29,000
-5.19%
Current Estimated Value
$642,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,780
Avg. Annual Appreciation
5.48%
Original Mortgage
$380,000
Outstanding Balance
$347,276
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$306,793

Purchase Details

Closed on
Jan 25, 2021
Sold by
Mall Tushar
Bought by
2843 E Marconi Ave Llc

Purchase Details

Listed on
Jul 20, 2020
Closed on
Nov 11, 2020
Sold by
Mall Shetal
Bought by
Mall Tushar
Seller's Agent
Archie Dean
Keller Williams Arizona Realty
Buyer's Agent
Daniel Shenkman
Keller Williams Realty Phoenix
List Price
$399,900
Sold Price
$394,900
Premium/Discount to List
-$5,000
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.04%
Original Mortgage
$296,175
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 20, 2020
Closed on
Oct 21, 2020
Sold by
Growthward Llc
Bought by
Mall Tushar
Seller's Agent
Archie Dean
Keller Williams Arizona Realty
Buyer's Agent
Daniel Shenkman
Keller Williams Realty Phoenix
List Price
$399,900
Sold Price
$394,900
Premium/Discount to List
-$5,000
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,175
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 13, 2018
Closed on
Aug 21, 2018
Sold by
Hofmann Ralph
Bought by
Growthward Llc
Seller's Agent
Jill Anderson
Russ Lyon Sotheby's International Realty
Buyer's Agent
Archie Dean
Keller Williams Arizona Realty
List Price
$289,000
Sold Price
$269,000
Premium/Discount to List
-$20,000
-6.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.07%

Purchase Details

Closed on
Feb 18, 2011
Sold by
Bosch Joachim and Bosch Michelle
Bought by
Hofmann Ralph

Purchase Details

Closed on
Dec 6, 2005
Sold by
Bosch Joachim and Bosch Michelle
Bought by
Dlhn Commercial Llc

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
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2005
Sold by
Bliven Investments Llc
Bought by
Bosch Joachim and Bosch Michelle

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
6.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lenard Kim C $530,000 Magnus Title Agency
2843 E Marconi Ave Llc -- None Available
Mall Tushar -- True North Title Agency
Mall Tushar $394,900 True North Title Agency
Growthward Llc $269,000 True North Title Agency
Hofmann Ralph $86,000 Landmark Title Assurance Age
Bosch Joachim -- Landmark Title Assurance Age
Dlhn Commercial Llc -- Tsa Title Agency
Bosch Joachim $380,000 Tsa Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lenard Kim C $380,000
Previous Owner Mall Tushar $296,175
Previous Owner Bosch Joachim $304,000
Previous Owner Mainland Properties Llc $80,000
Closed Bosch Joachim $37,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $530,000 +1.0% $146 / Sq Ft
09/23/2021 09/23/21 Price Changed $525,000 0.0% $145 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/15/2021 07/15/21 Pending -- -- --
06/26/2021 06/26/21 Price Changed $525,000 -6.1% $145 / Sq Ft
06/16/2021 06/16/21 For Sale $559,000 +41.6% $155 / Sq Ft
11/12/2020 11/12/20 Sold $394,900 -1.3% $109 / Sq Ft
10/25/2020 10/25/20 For Sale $399,900 0.0% $111 / Sq Ft
09/20/2020 09/20/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $399,900 +48.7% $111 / Sq Ft
08/31/2018 08/31/18 Sold $269,000 0.0% $74 / Sq Ft
06/26/2018 06/26/18 Price Changed $269,000 -3.6% $74 / Sq Ft
06/20/2018 06/20/18 Price Changed $279,000 -3.5% $77 / Sq Ft
06/13/2018 06/13/18 For Sale $289,000 -- $80 / 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 $1,377 $13,832 -- --
2024 $1,348 $13,174 -- --
2023 $1,348 $39,200 $7,840 $31,360
2022 $1,335 $26,930 $5,380 $21,550
2021 $1,338 $23,080 $4,610 $18,470
2020 $1,297 $20,410 $4,080 $16,330
2019 $1,299 $18,000 $3,600 $14,400
2018 $1,256 $15,810 $3,160 $12,650
2017 $1,204 $14,920 $2,980 $11,940
2016 $1,184 $13,370 $2,670 $10,700
2015 $1,096 $12,550 $2,510 $10,040
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Daniel Shenkman

    Keller Williams Realty East Valley

  • S

    Buyer's Agent in 2021

    S. Curtis Wieler

    Century 21 Arizona Foothills

    (480) 776-0001

    2 in this area

    43 Total Sales

    S. Curtis Wieler
    Section Image
  • Jill Anderson

    Seller's Agent in 2018

    Jill Anderson

    Russ Lyon Sotheby's International Realty

    4 in this area

    139 Total Sales

    Jill Anderson
    Section Image
  • Katie Atkison

    Seller Co-Listing Agent in 2018

    Katie Atkison

    Success Property Brokers

    (602) 769-1910

    1 in this area

    38 Total Sales

    Katie Atkison
    Section Image
  • Archie Dean

    Buyer's Agent in 2018

    Archie Dean

    Keller Williams Arizona Realty

    (608) 412-1067

    1 in this area

    53 Total Sales

    Archie Dean
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6251454

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-099

Arizona Maricopa County Phoenix 85032

2843 E Marconi Ave, Phoenix, AZ

This home is located at 2843 E Marconi Ave, Phoenix, AZ 85032 since 16 June 2021 and is currently estimated at $654,069, approximately $180 per square foot. This property was built in 1982. 2843 E Marconi Ave 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

Nearby Homes