NOT LISTED FOR SALE

2845 E Kathleen Rd Phoenix, AZ 85032

Paradise Valley Neighborhood

Estimated Value: $598,000 - $706,000

-- Bed
-- Bath
3,618 Sq Ft
$180/Sq Ft Est. Value

Last Sold March 22, 2024

Last sale price $645,000 $178 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,584/month

1 Day on Market

Highlights

  • Heated Community Pool
  • Carpet
  • Heating Available
  • Central Air

About This Home

As of March 2024

Exceptional investment opportunity awaits in North Phoenix! Discover this fourplex strategically located just minutes away from the vibrant Desert Ridge Marketplace. The ideal unit mix includes one 1-bedroom/1-bathroom unit, two 2-bedroom/2-bathroom units, and one 3-bedroom/2-bathroom unit. Each unit boasts generous square footage and convenient washer/dryer hookups. Embrace outdoor living with ground level patios or balconies for each unit, providing a perfect spot to relax just steps away from the inviting community pool. Enjoy a hassle-free ownership experience with no owner utilities to worry about. The HOA covers essential services, including trash, common area maintenance, landscaping, pool maintenance. Tenants pay electric and water and sewer.

Last Agent to Sell the Property

Edson Salas

ES Realty License #BR578194000 Listed on: 02/20/2024

Last Buyer's Agent

Luca Kaloshi

HomeSmart License #SA695505000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,343

Year Built

  • Built in 1982

Lot Details

  • 5,924

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

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

Schools

  • Palomino Primary Elementary School
  • Paradise Valley High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, water, sewer, cable TV
  • The owner pays for trash collection
  • Tax Lot 61
  • Assessor Parcel Number 214-39-089

Community Details

Overview

  • 4 Units
  • Building Dimensions are 5933 sqft
  • Greenway Manor Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $11,407
  • Gross Income $30,145
  • Net Operating Income $20,432

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,343

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: GREENWAY AND 29TH ST.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Mobile Home Prk Info Total Number Spaces: 8
  • Tax Year: 2023
  • Directions: From Greenway, north on 29th St. Entrance on the West side. Through main gate, make first left on 28th Pl., left onto Kathleen. Building is last one on the right.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 3120.0
  • Subdivision Name: GREENWAY MANOR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, 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
  • Appliances Included:Disposal2: 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: Assigned, 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:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:Pool2: Yes

Schools

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

Lot Info

  • Lot Size: 5933 sqft
  • Additional Parcels: No
  • Parcel #: 214-39-089

Multi Family

  • Owner Pays: Trash Collection
  • Tenant Pays: Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 30144.56
  • Property Net Operating Income: 20432.12
  • Annual Operating Expense: 11407.04
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1343.0
  • Tax Book Number: 214.00
  • Tax Lot: 61

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2024
Closed on
Mar 22, 2024
Sold by
Khalid Aaya
Bought by
Kryemadhi Alan
Seller's Agent
Edson Salas
ES Realty
Buyer's Agent
Luca Kaloshi
HomeSmart
List Price
$650,000
Sold Price
$645,000
Premium/Discount to List
-$5,000
-0.77%
Views
19
Current Estimated Value
$633,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,298
Avg. Annual Appreciation
0.12%
Original Mortgage
$516,000
Outstanding Balance
$509,899
Interest Rate
6.64%
Mortgage Type
Construction
Estimated Equity
$136,130

Purchase Details

Listed on
May 17, 2021
Closed on
Oct 22, 2021
Sold by
Kayali Bandar I
Bought by
Khalid Aaya
Seller's Agent
Nathan Waite
Silverhawk Realty
Buyer's Agent
Mathew Abney
ES Realty
List Price
$574,500
Sold Price
$545,000
Premium/Discount to List
-$29,500
-5.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%
Original Mortgage
$535,128
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 7, 2020
Closed on
Apr 29, 2020
Sold by
2845 Kathleen Llc
Bought by
Kayali Bandar I
Seller's Agent
CATHERINE SHAW
eXp Realty
Buyer's Agent
Nathan Waite
Compass
List Price
$365,000
Sold Price
$349,000
Premium/Discount to List
-$16,000
-4.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.99%
Original Mortgage
$261,750
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2007
Sold by
Myers Lawrence E and Myers Patricia A
Bought by
2845 Kathleen Llc

Purchase Details

Closed on
Sep 28, 2006
Sold by
Edrosolan Richard
Bought by
Myers Lawrence E and Myers Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 14, 2005
Sold by
Bliven Investments Llc
Bought by
Edrosolan Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
7.62%
Mortgage Type
Fannie Mae Freddie Mac
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
Kryemadhi Alan $645,000 Pioneer Title Agency
Khalid Aaya $545,000 Pioneer Title Agency Inc
Kayali Bandar I $349,000 Grand Canyon Title Agency
2845 Kathleen Llc -- None Available
Myers Lawrence E $450,000 Tsa Title Agency
Edrosolan Richard -- Tsa Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kryemadhi Alan $516,000
Previous Owner Khalid Aaya $535,128
Previous Owner Kayali Bandar I $261,750
Previous Owner Myers Lawrence E $360,000
Previous Owner Edrosolan Richard $22,000
Previous Owner Edrosolan Richard $16,000
Previous Owner Edrosolan Richard $292,000
Closed Edrosolan Richard $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $645,000 -0.8% $178 / Sq Ft
02/20/2024 02/20/24 For Sale $650,000 +19.3% $180 / Sq Ft
10/22/2021 10/22/21 Sold $545,000 -5.1% $151 / Sq Ft
09/27/2021 09/27/21 For Sale $574,500 0.0% $159 / Sq Ft
09/27/2021 09/27/21 Price Changed $574,500 0.0% $159 / Sq Ft
09/14/2021 09/14/21 For Sale $574,500 0.0% $159 / Sq Ft
09/14/2021 09/14/21 Price Changed $574,500 0.0% $159 / Sq Ft
09/03/2021 09/03/21 For Sale $574,500 0.0% $159 / Sq Ft
09/03/2021 09/03/21 Price Changed $574,500 0.0% $159 / Sq Ft
06/24/2021 06/24/21 Price Changed $574,500 -1.7% $159 / Sq Ft
06/14/2021 06/14/21 Price Changed $584,500 -2.1% $162 / Sq Ft
05/30/2021 05/30/21 Price Changed $597,000 -1.3% $165 / Sq Ft
05/17/2021 05/17/21 For Sale $605,000 +73.4% $167 / Sq Ft
05/11/2020 05/11/20 Sold $349,000 -4.4% $96 / Sq Ft
05/04/2020 05/04/20 For Sale $365,000 0.0% $101 / Sq Ft
05/04/2020 05/04/20 Price Changed $365,000 0.0% $101 / Sq Ft
04/03/2020 04/03/20 Pending -- -- --
03/29/2020 03/29/20 For Sale $365,000 0.0% $101 / Sq Ft
03/08/2020 03/08/20 Pending -- -- --
03/07/2020 03/07/20 For Sale $365,000 -- $101 / 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 $1,372 $13,785 -- --
2024 $1,343 $13,129 -- --
2023 $1,343 $39,070 $7,810 $31,260
2022 $1,330 $26,850 $5,370 $21,480
2021 $1,334 $23,000 $4,600 $18,400
2020 $1,293 $20,320 $4,060 $16,260
2019 $1,294 $17,950 $3,590 $14,360
2018 $1,252 $15,770 $3,150 $12,620
2017 $1,200 $14,880 $2,970 $11,910
2016 $1,180 $13,320 $2,660 $10,660
2015 $1,093 $12,520 $2,500 $10,020
Source: Public Records

Agents Affiliated with this Home

  • Edson Salas

    Seller's Agent in 2024

    Edson Salas

    ES Realty

    (602) 319-0985

    4 in this area

    83 Total Sales

    Section Image

  • L

    Buyer's Agent in 2024

    Luca Kaloshi

    HomeSmart

    (602) 230-7600

    1 in this area

    3 Total Sales

    Section Image

  • N

    Seller's Agent in 2021

    Nathan Waite

    Silverhawk Realty

  • M

    Buyer's Agent in 2021

    Mathew Abney

    ES Realty

    Section Image

  • C

    Seller's Agent in 2020

    CATHERINE SHAW

    eXp Realty

    Section Image
  • Kim Horn

    Seller Co-Listing Agent in 2020

    Kim Horn

    Southwest Prop Sales & Leasing

    (928) 713-9418

    2 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6666173

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-089

Arizona Maricopa County Phoenix 85032 Paradise Valley

2845 E Kathleen Rd, Phoenix, AZ

This home is located at 2845 E Kathleen Rd, Phoenix, AZ 85032 since 20 February 2024 and is currently estimated at $650,269, approximately $179 per square foot. This property was built in 1982. 2845 E Kathleen 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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