NOT LISTED FOR SALE

2845 E Grandview Rd Phoenix, AZ 85032

Paradise Valley Neighborhood

Estimated Value: $469,302 - $714,000

-- Bed
-- Bath
3,530 Sq Ft
$175/Sq Ft Est. Value

Last Sold November 30, 2016

Last sale price $237,000 $67 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $3,561/month

10 Days on Market

About This Home

As of November 2016

Well-maintained 4 plex with no HOA. All large two bedroom units that are around 882 SF (per tax records total building SF is 3530). Rents are below market averaging $580/unit. Professionally managed. Individual entrances and enclosed back yards. W/D hookups. All electric with central a/c units-tenant paid. Seller verified rents, expenses are estimated at 35% OPEX. 6.6 CAP, pro forma 7+. Sellers want to close by year end and will look at offers. No interior showings without accepted offer. Buyer to complete and rely on own due diligence, including financials.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 10/11/2016

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Jose Munoz

DPR Realty LLC License #SA530866000

DPR Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,170

Year Built

  • Built in 1985

Lot Details

  • 10,585

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Central Air
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 214-31-031-J

Community Details

Overview

  • 4 Units
  • Building Dimensions are .24

Building Details

  • Gross Income $26,448
  • Net Operating Income $17,191

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,170

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 29th and Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2016
  • Directions: West of Piestewa State Rte 51 off 29th between Greenway and Bell Roads.
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: J
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: .24
  • Additional Parcels: No
  • Parcel #: 214-31-031-J

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 26448.0
  • Property Net Operating Income: 17191.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1170.0
  • Tax Book Number: 214.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 19, 2019
Sold by
Welcome Investments Llc
Bought by
E Grandview Investments Llc
Total Days on Market
10
Current Estimated Value
$616,576

Purchase Details

Closed on
Jan 15, 2019
Sold by
Mott Michael D
Bought by
Welcome Investments Llc

Purchase Details

Listed on
Oct 11, 2016
Closed on
Nov 22, 2016
Sold by
Saluta Crisanto and Saluta Bernardita
Bought by
Mott Michael Dennis
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jose Munoz
DPR Realty LLC
List Price
$260,000
Sold Price
$237,000
Premium/Discount to List
-$23,000
-8.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.85%
Original Mortgage
$165,900
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2005
Sold by
Mrock & Associates Inc
Bought by
Saluta Crisanto and Saluta Bernardita

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

Purchase Details

Closed on
Mar 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
Jun 5, 2001
Sold by
Covaciu Benjamin
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
$156,800
Interest Rate
7.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 1999
Sold by
Somers Jeanne C
Bought by
Covaciu Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,009
Interest Rate
7.24%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 3, 1998
Sold by
Somers Jeanne
Bought by
Somers Jeanne C and Jeanne C Somers Living Trust
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
E Grandview Investments Llc -- None Available
Welcome Investments Llc -- None Available
Mott Michael Dennis $237,000 Empire West Title Agency
Saluta Crisanto $340,000 --
Mrock & Associates Inc -- Capital Title Agency Inc
Nawrocki Matt $246,333 Capital Title Agency Inc
Maher Marc $196,000 First American Title
Covaciu Benjamin $149,000 Security Title Agency
Somers Jeanne C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mott Michael Dennis $192,500
Previous Owner Mott Michael Dennis $165,900
Previous Owner Saluta Crisanto $272,000
Previous Owner Nawrocki Matt $184,749
Previous Owner Maher Marc $156,800
Previous Owner Covaciu Benjamin $148,009
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2016 11/30/16 Sold $237,000 -8.8% $67 / Sq Ft
10/19/2016 10/19/16 Pending -- -- --
10/09/2016 10/09/16 For Sale $260,000 -- $74 / 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 $1,361 $13,674 -- --
2024 $1,333 $13,023 -- --
2023 $1,333 $44,580 $8,910 $35,670
2022 $1,319 $31,330 $6,260 $25,070
2021 $1,323 $28,100 $5,620 $22,480
2020 $1,282 $24,630 $4,920 $19,710
2019 $1,284 $19,980 $3,990 $15,990
2018 $1,242 $19,330 $3,860 $15,470
2017 $1,190 $16,420 $3,280 $13,140
2016 $1,171 $20,320 $4,060 $16,260
2015 $1,084 $17,300 $3,460 $13,840
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    1 in this area

    52 Total Sales

    James Stephens
    Section Image

  • J

    Buyer's Agent in 2016

    Jose Munoz

    DPR Realty

    (480) 628-7637

    1 in this area

    43 Total Sales

    Jose Munoz
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5509843

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-31-031J

Arizona Maricopa County Phoenix 85032 Paradise Valley

2845 E Grandview Rd, Phoenix, AZ

This home is located at 2845 E Grandview Rd, Phoenix, AZ 85032 since 11 October 2016 and is currently estimated at $616,576, approximately $174 per square foot. This property was built in 1985. 2845 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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