NOT LISTED FOR SALE

2844 E Le Marche Ave Unit 17 Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $347,503 - $644,000

1 Bed
8 Baths
6,029 Sq Ft
$91/Sq Ft Est. Value

Last Sold January 27, 2014

Last sale price $154,900 $26 Per Sq Ft

Est. 254% increase in value since last sale

Current estimated payment $2,942/month

103 Days on Market

Highlights

  • Heated Community Pool
  • Community Playground
  • Individual Controls for Heating
  • Cooling Available
  • Carpet
  • 5-minute walk to Palomino Park

About This Home

As of January 2014

2175% occupied four plex with 8.21% CAP. Conveniently located across from Palomino School & park. Community pool, green area, patios or decks & 1 covered parking space per unit. Units are 1-2BR, 2Bth, 1- 2BR, 1 & 1/2 Bth, 1-3BR, 3Bth & 1-1BR, 1Bth. Washer/dryer hook ups in each. #101 rented @ $725-exp 1/31/14, #102 vacant and rent ready, #103 rented @ $575-exp 9/30/14, #201 vacant and rent ready. Seller put $20K+ in rehabbing units & maintenance in last 12 mths. One new HVAC in 2012, 2 other newer HVACs, HOA dues $512 per month per building (not unit). Includes pool, common area & parking lot maint, porter, water, sewer & trash. HOA fee does not include management fees or building maint. Tenants pay electric. NOTE unit sizes approx. Total Bldg 3618SF.

Last Agent to Sell the Property

Pat Hune

1st Southwest Realty, LLC License #BR529524000 Listed on: 09/14/2013

Last Buyer's Agent

Hilary Lockhart

HomeSmart License #SA643105000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,112

Year Built

  • Built in 1982

Home Design

  • Wood Frame Construction
  • Built-Up Roof

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport
  • Assigned Parking

Schools

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

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 17
  • Assessor Parcel Number 214-39-045

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6391
  • Palomino Pointe Subdivision

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $13,556

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,112

Year Built

Built in 1982

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 32nd St/Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1620.0
  • Subdivision Name: Palomino Pointe
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Pool2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted
  • Roof: Built-Up

Garage/Parking

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

Utilities

  • Electric: APS
  • 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: Play Area, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: 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 High School

Lot Info

  • Lot Size: 6391
  • Additional Parcels: No
  • Parcel #: 214-39-045

Multi Family

  • Owner Pays: Water
  • Number Of Units Total: 4
  • Insurance Expense: 1080.0
  • Maintenance Expense: 3600.0
  • Annual Operating Expense: 13556.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1112.0
  • Tax Book Number: 214.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2022
Sold by
Allen Theodor C
Bought by
Allen Theodor C and Theodor & Donna Allen Living Trust
Current Estimated Value
$547,876

Purchase Details

Listed on
Sep 14, 2013
Closed on
Jan 22, 2014
Sold by
Somaz 1 Llc
Bought by
Allen Theodor C
Seller's Agent
Pat Hune
1st Southwest Realty, LLC
Buyer's Agent
Hilary Lockhart
HomeSmart
List Price
$168,500
Sold Price
$154,900
Premium/Discount to List
-$13,600
-8.07%

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
$116,175
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2011
Sold by
Udler Paul and Gurovich Marianna
Bought by
Mattern 1 Llc

Purchase Details

Closed on
Nov 30, 2005
Sold by
Udler Paul
Bought by
Udler Paul and Gurovich Mariana

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
Allen Theodor C -- None Listed On Document
Allen Theodor C $154,900 First American Title Ins Co
Mattern 1 Llc $96,200 Lawyers Title Of Arizona Inc
Udler Paul -- 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 Allen Theodor C $116,175
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
01/27/2014 01/27/14 Sold $154,900 -8.1% $26 / Sq Ft
12/26/2013 12/26/13 Pending -- -- --
09/14/2013 09/14/13 For Sale $168,500 -- $28 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,422 $13,914 -- --
2024 $1,356 $13,251 -- --
2023 $1,356 $39,380 $7,870 $31,510
2022 $1,342 $27,050 $5,410 $21,640
2021 $1,346 $23,220 $4,640 $18,580
2020 $1,305 $20,520 $4,100 $16,420
2019 $1,306 $18,070 $3,610 $14,460
2018 $1,264 $15,860 $3,170 $12,690
2017 $1,211 $14,970 $2,990 $11,980
2016 $1,191 $13,430 $2,680 $10,750
2015 $1,103 $12,600 $2,520 $10,080
Source: Public Records

Agents Affiliated with this Home

  • Pat Hune

    Seller's Agent in 2014

    Pat Hune

    1st Southwest Realty, LLC

    (480) 703-1976

    45 Total Sales

    Pat Hune
    Section Image

  • H

    Buyer's Agent in 2014

    Hilary Lockhart

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4999024

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-045

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2844 E Le Marche Ave Unit 17, 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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