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

Sale Details

Date 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

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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

1.03 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2018
Closed on
Aug 13, 2018
Sold by
Clearwater Properties Llc
Bought by
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$3,595,000
Sold Price
$3,525,000
Premium/Discount to List
-$70,000
-1.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,625,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 23, 2018
Sold by
Angel 11 11 Llc
Bought by
Clearwater Properties Llc and River Water Pecan Farm Llc

Purchase Details

Closed on
Mar 14, 2018
Sold by
Angel 11 11 Llc
Bought by
Clearwater Properties Llc and River Water Pecan Farm Llc

Purchase Details

Listed on
Dec 6, 2013
Closed on
Mar 24, 2014
Sold by
Paradise Square Llc
Bought by
Angel 11 11 Llc
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Terry Kass
Coldwell Banker Commercial Realty
List Price
$899,000
Sold Price
$800,000
Premium/Discount to List
-$99,000
-11.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2012
Sold by
Jj Jak Property Lllp
Bought by
3015 Paradise Llc

Purchase Details

Closed on
Dec 16, 2010
Sold by
Paying Cash For Houses Com Llc
Bought by
Jj Jak Properties Lllp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2010
Sold by
Strategic Property Services Inc
Bought by
Paying Cash For Hosues Com Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 23, 2005
Sold by
Urban Icon Sunflower Villa Llc
Bought by
Songco Felipe C and Songco Angelica C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 6, 2004
Sold by
David Joseph and David Christine M
Bought by
Urban Icon Sunflower Villa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 11, 1999
Sold by
Sunflower Villas Llc
Bought by
David Joseph and David Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,500
Interest Rate
7.68%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 31, 1997
Sold by
May Robert J and May Makrouhi Kris
Bought by
Sunflower Villas Llc

Purchase Details

Closed on
Oct 18, 1996
Sold by
Schiliro Michael and The Schiliro Declaration Of Tr
Bought by
May Robert J and May Makrouhi Kris
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Paradise Valley Village, AZ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,525,000 Chicago Title Agency
Clearwater Properties Llc -- None Available
Clearwater Properties Llc -- None Available
Angel 11 11 Llc $775,000 Pioneer Title Agency Inc
3015 Paradise Llc $555,000 Chicago Title Agency Inc
Jj Jak Properties Lllp $315,000 Magnus Title Agency
Paying Cash For Hosues Com Llc $245,000 Advantage Title
Songco Felipe C $1,300,000 Lawyers Title Ins
Urban Icon Sunflower Villa Llc $1,160,000 First American Title Ins Co
David Joseph $670,000 First American Title
Sunflower Villas Llc -- Chicago Title Insurance Co
May Robert J $550,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,215,000
Closed 3015 29 Paradise Square Llc $2,625,000
Previous Owner Angel 11 11 Llc $581,000
Previous Owner Jj Jak Properties Lllp $210,000
Previous Owner Songco Felipe C $870,000
Previous Owner Urban Icon Sunflower Villa Llc $800,000
Previous Owner David Joseph $99,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2015 $6,922 $60,300 $12,060 $48,240
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5769191

Arizona Regional Multiple Listing Service (ARMLS)
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