NOT LISTED FOR SALE

2846 E Kathleen Rd Phoenix, AZ 85032

Estimated Value: $598,000 - $675,000

-- Bed
-- Bath
3,618 Sq Ft
$176/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $378,000 $104 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $3,559/month

139 Days on Market

Highlights

  • Heated Community Pool
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Cooling Available

About This Home

As of November 2020

Solid investment or owner occupant fourplex in the heart of North Phoenix just minutes from the Desert Ridge Marketplace, SR 51, local schools and parks, Paradise Valley Mall, and many other attractions. The unit mix is: one 1bed/1bath unit, two 2bed/2bath units, and one 3bed/2bath unit. All units have generous square footage along with hookups for washer/dryer. Each unit has outdoor space with either a ground level patio or a balcony. Current rents are low and can be raised. Monthly HOA dues INCLUDE: water/sewer/trash, common area maintenance, landscaping, community pool, parking enforcement, and gated access.

Last Agent to Sell the Property

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000 Listed on: 06/04/2020

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Kelly Smith

MCO Realty License #SA518096000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,298

Year Built

  • Built in 1982

Lot Details

  • 6,055

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

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

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 70
  • Assessor Parcel Number 214-39-098

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Greenway Manor Lot 1 72 Tr A E Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $9,812
  • Gross Income $39,708
  • Net Operating Income $27,114

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,298

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Greenway & 29th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: PAD-13
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2019
  • Directions: N to Marconi, S to Kathleen, E to property on N side.
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENWAY MANOR LOT 1-72 TR A-E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 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

Utilities

  • Electric: SRP
  • Cooling: Electric
  • 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: Pool

Association/Amenities

  • Community Amenities:Pool2: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 214-39-098

Multi Family

  • Owner Pays: Other
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 39708.0
  • Property Net Operating Income: 27114.0
  • Annual Operating Expense: 9812.0

Tax Info

  • Tax Annual Amount: 1298.0
  • Tax Book Number: 214.00
  • Tax Lot: 70

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Nov 3, 2020
Sold by
Thomas Jeffrey D and Thomas Erin M
Bought by
Ettinger Peter
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Kelly Smith
MCO Realty
List Price
$399,000
Sold Price
$378,000
Premium/Discount to List
-$21,000
-5.26%
Current Estimated Value
$637,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,000
Avg. Annual Appreciation
11.40%

Purchase Details

Closed on
Apr 15, 2010
Sold by
The Bank Of New York Mellon
Bought by
Thomas Jeffrey D and Thomas Erin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,250
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2009
Sold by
Nzeza Dimasa and Djweya Mboyo
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Nov 21, 2006
Sold by
Nagle Michael and Mcconnell Mark James
Bought by
Djweya Mboyo and Mzeza Dimasa N

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
8.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2005
Sold by
Nagle Nicolle
Bought by
Nagle Michael

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
Negative Amortization
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ettinger Peter $378,000 Grand Canyon Title
Thomas Jeffrey D $103,000 First American Title Ins Co
The Bank Of New York Mellon $138,125 First American Title
Djweya Mboyo $450,000 Tsa Title Agency
Nagle Michael -- Tsa Title Agency
Mcconnell Mark James -- Tsa Title Agency
Nagle Michael $380,000 Tsa Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomas Jeffrey D $77,250
Previous Owner Djweya Mboyo $360,000
Previous Owner Nagle Michael $304,000
Closed Nagle Michael $38,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $378,000 -5.3% $104 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $399,000 0.0% $110 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $399,000 0.0% $110 / Sq Ft
06/11/2020 06/11/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $399,000 -- $110 / 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 $1,376 $13,828 -- --
2024 $1,348 $13,170 -- --
2023 $1,348 $39,150 $7,830 $31,320
2022 $1,334 $26,900 $5,380 $21,520
2021 $1,338 $23,050 $4,610 $18,440
2020 $1,297 $20,370 $4,070 $16,300
2019 $1,298 $17,980 $3,590 $14,390
2018 $1,256 $15,800 $3,160 $12,640
2017 $1,204 $14,910 $2,980 $11,930
2016 $1,184 $13,360 $2,670 $10,690
2015 $1,096 $12,530 $2,500 $10,030
Source: Public Records

Agents Affiliated with this Home

  • Brian Gaffney

    Seller's Agent in 2020

    Brian Gaffney

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 264-8400

    1 in this area

    24 Total Sales

    Brian Gaffney
    Section Image
  • Kelly Smith

    Buyer's Agent in 2020

    Kelly Smith

    MCO Realty

    (602) 628-1032

    1 in this area

    179 Total Sales

    Kelly Smith
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6086510

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-098

Arizona Maricopa County Phoenix 85032

2846 E Kathleen Rd, Phoenix, AZ

This home is located at 2846 E Kathleen Rd, Phoenix, AZ 85032 since 04 June 2020 and is currently estimated at $636,667, approximately $175 per square foot. This property was built in 1982. 2846 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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