NOT LISTED FOR SALE

2849 E Grandview Rd Phoenix, AZ 85032

Paradise Valley Neighborhood

Estimated Value: $724,000 - $764,000

-- Bed
-- Bath
3,530 Sq Ft
$210/Sq Ft Est. Value

Last Sold September 15, 2021

Last sale price $650,000 $184 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,266/month

23 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available

About This Home

As of September 2021

Newer Roof & A/C! New Doors; Dual Pane Windows; Bathrooms remodeled in 2010; Full Sized Washer/Dryer in Indoor Laundry in each unit! Copper Plumbing; Romex Wiring Large 2/1 units with ~882sf ea. Private Patios! No HOA; Seasoned Tenants paying below market rents; Median rents in area are $1050/mo. All tenants have been there between 3 - 10 yrs. Pro-Forma P&L: Rents $1050 * 4 units * 12 months = $50,400 / Insurance ($1382); Taxes ($1283) 2020 Final; Water, Sewer, Trash ($4560); Maintenance ($2000) estimate; House Lights; = Net Cash Flow $41,175.

Last Agent to Sell the Property

Greg Johnson

United Southwest Realty License #BR008487000 Listed on: 07/19/2021

Last Buyer's Agent

Susan McCall

Commercial Property Connect License #BR552939000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,283

Year Built

  • Built in 1985

Lot Details

  • 10,716

Home Design

  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

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

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $1,283
  • Gross Income $48,000
  • Net Operating Income $38,235

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,283

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Greenway Parkway & 32nd St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2020
  • Directions: Bell Rd & 32nd St
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: K
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: See Remarks, Painted, Stucco
  • Roof: Composition
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • 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:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Out of Area

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 214-31-031-K

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 48000.0
  • Property Net Operating Income: 38235.0
  • Annual Operating Expense: 1283.0

Tax Info

  • Tax Annual Amount: 1283.0
  • Tax Book Number: 214.00
  • Tax Lot: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2025
Sold by
Richards Elaine
Bought by
Castillo Fernando A
Total Days on Market
23
Current Estimated Value
$742,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Outstanding Balance
$668,836
Interest Rate
6.72%
Mortgage Type
Seller Take Back
Estimated Equity
$73,618

Purchase Details

Listed on
Jul 19, 2021
Closed on
Sep 12, 2021
Sold by
True Freedom Achievers Llc
Bought by
Richards Elaine
Seller's Agent
Greg Johnson
United Southwest Realty
Buyer's Agent
Susan McCall
Commercial Property Connect
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.61%
Original Mortgage
$487,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2021
Sold by
Cohan Joseph W and Cohan Jacqueline G
Bought by
True Freedom Achievers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2011
Sold by
Lopez Ezequiel J and Lopez Carol
Bought by
Cohan Joseph W and Cohan Jacqueline G

Purchase Details

Closed on
Jun 14, 2011
Sold by
Lopez Ventures Llc
Bought by
Lopez Ezequeil J and Lopez Carol

Purchase Details

Closed on
Aug 19, 2006
Sold by
Lopez Ezequiel J and Lopez Carol
Bought by
Lopez Ventures Llc

Purchase Details

Closed on
Jun 16, 2005
Sold by
Mrock & Associates Inc
Bought by
Lopez Ezequiel J and Lopez Carol

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
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2003
Sold by
Nawrocki Matt
Bought by
Mrock & Associates Inc

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 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
Mar 6, 2000
Sold by
Weurding William J and Weurding Stephanie
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
$147,725
Interest Rate
8.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 1995
Sold by
Weurding William J and Weurding Stephanie
Bought by
Weurding William J and Weurding Stephanie
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
Castillo Fernando A $720,000 Pioneer Title Agency
Richards Elaine $650,000 Chicago Title Agency
True Freedom Achievers Llc -- Chicago Title Agency Inc
Cohan Joseph W $49,000 Lawyers Title Of Arizona Inc
Lopez Ezequeil J -- Lawyers Title Of Arizona Inc
Lopez Ventures Llc -- None Available
Lopez Ezequiel J $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 $155,500 --
Weurding William J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castillo Fernando A $670,000
Previous Owner Richards Elaine $487,500
Previous Owner Sensible Housing Solutions Llc $413,000
Previous Owner True Freedom Achievers Llc $413,000
Previous Owner Lopez Ezequiel J $272,000
Previous Owner Nawrocki Matt $184,749
Previous Owner Maher Marc $156,800
Previous Owner Covaciu Benjamin $147,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2021 09/15/21 Sold $650,000 0.0% $184 / Sq Ft
07/19/2021 07/19/21 For Sale $650,000 -- $184 / 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 $1,362 $13,679 -- --
2024 $1,333 $13,027 -- --
2023 $1,333 $44,650 $8,930 $35,720
2022 $1,320 $31,380 $6,270 $25,110
2021 $1,324 $28,130 $5,620 $22,510
2020 $1,283 $24,670 $4,930 $19,740
2019 $1,284 $20,010 $4,000 $16,010
2018 $1,242 $19,350 $3,870 $15,480
2017 $1,191 $16,450 $3,290 $13,160
2016 $1,171 $20,350 $4,070 $16,280
2015 $1,084 $17,310 $3,460 $13,850
Source: Public Records

Agents Affiliated with this Home

  • Greg Johnson

    Seller's Agent in 2021

    Greg Johnson

    United Southwest Realty

    (602) 717-5115

    3 in this area

    114 Total Sales

    Greg Johnson
    Section Image
  • Susan McCall

    Buyer's Agent in 2021

    Susan McCall

    Commercial Property Connect

    (303) 478-0633

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6266641

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-31-031K

Arizona Maricopa County Phoenix 85032 Paradise Valley

2849 E Grandview Rd, Phoenix, AZ

This home is located at 2849 E Grandview Rd, Phoenix, AZ 85032 since 19 July 2021 and is currently estimated at $742,454, approximately $210 per square foot. This property was built in 1985. 2849 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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