NOT LISTED FOR SALE

2912 E Granada Rd Phoenix, AZ 85008

Camelback East Village Neighborhood

Estimated Value: $713,778

-- Bed
-- Bath
2,400 Sq Ft
$297/Sq Ft Est. Value

Last Sold February 27, 2024

Last sale price $1,350,000 $562 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $4,057/month

286 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Floor Furnace
  • The Creighton Academy Rated 9+
  • Ceiling Fan

About This Home

As of February 2024

This home is located at 2912 E Granada Rd, Phoenix, AZ 85008 since 15 February 2023 and is currently priced at $713,778, approximately $297 per square foot. This property was built in 1963. 2912 E Granada Rd is a home located in Maricopa County with nearby schools including The Creighton Academy, Camelback High School, and Phoenix Coding Academy.

Last Listed By

Paul Bay

Marcus & Millichap License #SA671037000 Listed on: 02/15/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,276

Year Built

  • Built in 1963

Lot Details

  • 8,538

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Wood
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 8 Parking Spaces
  • 6 Covered Spaces

Utilities

  • Cooling Available
  • Floor Furnace
  • Wall Furnace
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 120-27-011-B

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 16988

Building Details

  • Operating Expense $27,330
  • Gross Income $111,033
  • Net Operating Income $82,877

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,276

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Professional Management Expense: 5516.0
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Wood
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 16988
  • Additional Parcels: Yes
  • Parcel #: 120-27-011-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 6
  • Electric Expense: 6346.0
  • Annual Gross Income: 111033.15
  • Insurance Expense: 2107.0
  • Maintenance Expense: 3841.0
  • Property Net Operating Income: 82877.0
  • Annual Operating Expense: 27330.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2276.0
  • Tax Book Number: 120.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2024
Sold by
Risvik Maryann
Bought by
Stormy Night Apartments Llc
Total Days on Market
286
Current Estimated Value
$713,778

Purchase Details

Listed on
Feb 15, 2023
Closed on
Feb 26, 2024
Sold by
Aci-Grenada Llc
Bought by
Risvik Maryann
Seller's Agent
Paul Bay
Marcus & Millichap
Buyer's Agent
Brett Zieske
LPT Realty, LLC
List Price
$1,395,000
Sold Price
$1,350,000
Premium/Discount to List
-$45,000
-3.23%
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-25.80%
Original Mortgage
$506,250
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2021
Sold by
4D Assset Management Llc
Bought by
Aci Grenada Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,000
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 14, 2011
Sold by
Lopez Viviana M
Bought by
4D Asset Management Llc

Purchase Details

Closed on
Aug 27, 2008
Sold by
Lopez Ruben and Lopez Rosa M
Bought by
Lopez Viviana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2001
Sold by
Lopez Rosa M
Bought by
Lopez Ruben G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
6.99%

Purchase Details

Closed on
Mar 7, 1998
Sold by
Lansberry Larry Arnold
Bought by
Lopez Ruben and Lopez Rosa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,575
Interest Rate
10.75%
Mortgage Type
New Conventional

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
Stormy Night Apartments Llc -- None Listed On Document
Risvik Maryann $675,000 American Title Service Agency
Aci Grenada Llc $866,000 Lawyers Title Of Arizona Inc
4D Asset Management Llc $50,000 Pioneer Title Agency Inc
Lopez Viviana M $236,000 Fidelity Natl Title Ins Co
Lopez Ruben G -- Chicago Title Insurance Co
Lopez Ruben $124,866 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Risvik Maryann $506,250
Previous Owner Aci Grenada Llc $820,000
Previous Owner Lopez Viviana M $162,500
Previous Owner Lopez Rosa M $122,500
Previous Owner Lopez Ruben G $75,600
Previous Owner Lopez Ruben $40,575
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2024 02/27/24 Sold $1,350,000 -3.2% $563 / Sq Ft
02/01/2024 02/01/24 Price Changed $1,395,000 0.0% $581 / Sq Ft
11/27/2023 11/27/23 Pending -- -- --
02/14/2023 02/14/23 For Sale $1,395,000 0.0% $581 / Sq Ft
08/01/2014 08/01/14 Rented $550 0.0% --
07/25/2014 07/25/14 Under Contract -- -- --
06/03/2014 06/03/14 For Rent $550 -- --
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 $1,199 $9,219 -- --
2024 $1,185 $8,780 -- --
2023 $1,185 $34,610 $6,920 $27,690
2022 $1,138 $25,820 $5,160 $20,660
2021 $1,166 $21,880 $4,370 $17,510
2020 $1,138 $18,330 $3,660 $14,670
2019 $1,130 $15,320 $3,060 $12,260
2018 $1,106 $12,610 $2,520 $10,090
2017 $1,064 $12,250 $2,450 $9,800
2016 $1,022 $10,900 $2,180 $8,720
2015 $951 $9,430 $1,880 $7,550
Source: Public Records

Agents Affiliated with this Home

  • Paul Bay

    Seller's Agent in 2024

    Paul Bay

    Marcus & Millichap

    (480) 600-2626

    9 in this area

    16 Total Sales

    Paul Bay
    Section Image

  • B

    Buyer's Agent in 2024

    Brett Zieske

    LPT Realty, LLC

    (480) 274-5436

    1 in this area

    22 Total Sales

    Brett Zieske
    Section Image

  • N

    Buyer Co-Listing Agent in 2024

    Non-MLS Agent

    Non-MLS Office

  • Dustin Defrates

    Seller's Agent in 2014

    Dustin Defrates

    Sterling Fine Properties

    (602) 492-1106

    4 in this area

    46 Total Sales

    Dustin Defrates
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6520521

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-27-011C

Arizona Maricopa County Phoenix 85008 Camelback East Village

2912 E Granada Rd, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 2912 E Granada Rd, Phoenix, AZ 85008 since 15 February 2023 and is currently priced at $713,778, approximately $297 per square foot. This property was built in 1963. 2912 E Granada Rd is a home located in Maricopa County with nearby schools including The Creighton Academy, Camelback High School, and Phoenix Coding Academy.

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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