NOT LISTED FOR SALE
2 Beds
1 Bath
875 Sq Ft
1.03 Acres

Last Sold August 24, 2018

Last sale price $3,525,000 $4,029 Per Sq Ft

37 Days on Market

Highlights

  • Heated Community Pool
  • Central Air
  • 4-minute walk to Palomino Park
  • Paradise Valley High School Rated A
  • Heating Available

About This Home

As of August 2018

Fully remodeled turnkey property! The Paradise Square Apartments is a fully renovated and modernized complex with an excellent unit mix of 40 large two-bed and 2 one-bed units in a prime high demand North Phoenix community. The complex consists of two separate properties adding additional value to the assets. All of the units have a back yard or a balcony. Remodeled to the 9's using on trend fixtures and decor. Amenities included gated access, pool, BBQ's outdoor seating and laundry for additional income. Tenants have easy access to Bell Road and the 51 freeway. Individually metered! Sale includes 3029 E Paradise.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 05/21/2018

Coldwell Banker Commercial Realty

Co-Listed By

Victoria Miachika

REI Marketing License #BR639322000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,281

Year Built

  • Built in 1985

Lot Details

  • 1.03

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 56 Open Parking Spaces
  • 56 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 28
  • Assessor Parcel Number 214-36-003-E

Community Details

Overview

  • 4 Buildings
  • 42 Units
  • Building Dimensions are UNK
  • Kay Acres 3 Lots 38 40, 42 45, 47 50 Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $15,281

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,281

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Paradise Lane and 32nd Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Year Built: 1985
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Subdivision Name: KAY ACRES 3 LOTS 38-40, 42-45, 47-50
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Construction Type: Stucco, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 56.0
  • Total Parking Spaces: 56.0
  • General Property Description:Uncvrd Parking Spcs: 56.0
  • General Property Description:Total Parking Spcs: 56.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: 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

  • Community Amenities:Pool2: Yes

Lot Info

  • Lot Size: UNK
  • Additional Parcels: No
  • Parcel #: 214-36-003-E

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 42
  • Annual Operating Expense: 15281.0

Tax Info

  • Tax Annual Amount: 15281.0
  • Tax Book Number: 214.00
  • Tax Lot: 28
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2018 08/24/18 Sold $3,525,000 -1.9% $4,029 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
06/21/2018 06/21/18 For Sale $3,595,000 0.0% $4,109 / Sq Ft
06/08/2018 06/08/18 Pending -- -- --
06/07/2018 06/07/18 For Sale $3,595,000 0.0% $4,109 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $3,595,000 +349.4% $4,109 / Sq Ft
03/31/2014 03/31/14 Sold $800,000 -11.0% $914 / Sq Ft View Prior Sale
01/14/2014 01/14/14 Pending -- -- --
11/20/2013 11/20/13 For Sale $899,000 -- $1,027 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $8,925 $87,330 -- --
2024 $8,511 $83,172 -- --
2023 $8,511 $300,010 $60,000 $240,010
2022 $8,425 $202,920 $40,580 $162,340
2021 $8,450 $159,560 $31,910 $127,650
2020 $8,189 $127,350 $25,470 $101,880
2019 $8,200 $106,470 $21,290 $85,180
2018 $7,931 $84,260 $16,850 $67,410
2017 $7,602 $82,800 $16,560 $66,240
2016 $7,475 $79,210 $15,840 $63,370
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5769191

Arizona Regional Multiple Listing Service (ARMLS)