NOT LISTED FOR SALE

2845 E Le Marche Ave Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $403,871 - $654,000

1 Bed
-- Bath
3,618 Sq Ft
$157/Sq Ft Est. Value

Last Sold October 31, 2017

Last sale price $218,000 $60 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $3,096/month

79 Days on Market

Highlights

  • Heated Community Pool
  • Central Heating and Cooling System
  • 4-minute walk to Palomino Park

About This Home

As of October 2017

Excellent North Phoenix Investment Opportunity. 100% Occupied, Across from Palomino Elementary & Park. All Units have Washer/Dryer Hookups, Covered Parking and a Patio or Balcony. HOA Fee of $645/month per Building Covers Water/Sewer/Trash, Community Pool and Common Area Maintenance. Tenants pay Electric/Cable, Owner pays Taxes & Insurance. 3 A/C Compressors Replaced (2012), 2 Hot Water Heaters, Carpet (2013).

Last Agent to Sell the Property

Carl Pavilonis

Urban Jungle Realty, LLC License #SA624431000 Listed on: 05/13/2017

Co-Listed By

Renae Klein

Urban Jungle Realty, LLC License #SA653385000

Last Buyer's Agent

Chunhui Ruan

Delex Realty License #SA535860000

Delex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,207

Year Built

  • Built in 1982

Lot Details

  • 7,318

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Parking

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

Schools

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

Utilities

  • Central Heating and Cooling System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 16
  • Assessor Parcel Number 214-39-044

Community Details

Overview

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

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $12,947
  • Gross Income $27,636
  • Net Operating Income $14,689

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,207

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 29th Street / Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1982
  • Tax Year: 2016
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: pdpl01
  • Co List Office Phone: 480-563-9511
  • Subdivision Name: Palomino Pointe
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Furnished: Yes

Schools

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

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 214-39-044

Multi Family

  • Owner Pays: None
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 27636.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 14689.0
  • Annual Operating Expense: 12947.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1207.0
  • Tax Book Number: 214.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2017
Closed on
Oct 27, 2017
Sold by
Huang Yiwei and Ruan Chunhui
Bought by
Ruan Chunhui
Seller's Agent
Carl Pavilonis
Urban Jungle Realty, LLC
Buyer's Agent
Chunhui Ruan
Delex Realty
List Price
$214,900
Sold Price
$218,000
Premium/Discount to List
$3,100
1.44%
Current Estimated Value
$569,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,718
Avg. Annual Appreciation
12.46%
Original Mortgage
$160,500
Outstanding Balance
$134,242
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$435,476

Purchase Details

Listed on
May 13, 2017
Closed on
Oct 24, 2017
Sold by
Mclaughlin Michael
Bought by
Ruan Chunhui
Seller's Agent
Carl Pavilonis
Urban Jungle Realty, LLC
Buyer's Agent
Chunhui Ruan
Delex Realty
List Price
$214,900
Sold Price
$218,000
Premium/Discount to List
$3,100
1.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,500
Outstanding Balance
$134,242
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$435,476

Purchase Details

Closed on
Oct 6, 2009
Sold by
Eugenio Genacio M and Eugenio Estrella P
Bought by
Mclaughlin Michael

Purchase Details

Closed on
Dec 2, 2005
Sold by
Bliven Instments Llc
Bought by
Eugenio Genacio M and Eugenio Estrella P

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
3%
Mortgage Type
Fannie Mae Freddie Mac

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
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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
Ruan Chunhui -- First American Title Insuran
Ruan Chunhui $218,000 First American Title Insuran
Mclaughlin Michael $110,500 Stewart Title & Trust Of Pho
Eugenio Genacio M $380,000 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
Open Ruan Chunhui $160,500
Previous Owner Eugenio Genacio M $304,000
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
10/31/2017 10/31/17 Sold $218,000 +1.4% $60 / Sq Ft
09/15/2017 09/15/17 For Sale $214,900 0.0% $59 / Sq Ft
08/30/2017 08/30/17 For Sale $214,900 0.0% $59 / Sq Ft
08/30/2017 08/30/17 Price Changed $214,900 0.0% $59 / Sq Ft
07/30/2017 07/30/17 Pending -- -- --
07/29/2017 07/29/17 Pending -- -- --
06/09/2017 06/09/17 Price Changed $214,900 -1.8% $59 / Sq Ft
05/12/2017 05/12/17 For Sale $218,900 -- $61 / 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 $1,441 $14,097 -- --
2024 $1,374 $13,426 -- --
2023 $1,374 $39,970 $7,990 $31,980
2022 $1,360 $27,430 $5,480 $21,950
2021 $1,364 $23,660 $4,730 $18,930
2020 $1,322 $20,900 $4,180 $16,720
2019 $1,324 $18,310 $3,660 $14,650
2018 $1,280 $16,030 $3,200 $12,830
2017 $1,227 $15,110 $3,020 $12,090
2016 $1,207 $13,630 $2,720 $10,910
2015 $1,118 $12,730 $2,540 $10,190
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Carl Pavilonis

    Urban Jungle Realty, LLC

    Section Image

  • R

    Seller Co-Listing Agent in 2017

    Renae Klein

    Urban Jungle Realty, LLC

    Section Image

  • C

    Buyer's Agent in 2017

    Chunhui Ruan

    Delex Realty

    7 Total Sales

    Chunhui Ruan
    Section Image

  • R

    Buyer's Agent in 2017

    Randy Ruan

    Realty One Group

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5604812

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-044

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2845 E Le Marche Ave, 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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