NOT LISTED FOR SALE

3027 E Grandview Rd Unit 1 Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $148,770 - $3,175,000

Studio
1 Bath
910 Sq Ft
$1,101/Sq Ft Est. Value

Sale Details

Date Sold: March 10, 2017

Last sale price $1,256,000 $1,380 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $5,391 / mo

41 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Paradise Valley High School Rated A

About This Home

As of March 2017

Offered at actual 6.00% CAP rate with current NOI. Adjust rents to market for a 7.0% CAP. Property consists of four separate single-level buildings
containing 16 two-bedroom/one-bath rental units of approximately 900
square feet situated on individual tax parcels (condo-mapped). Garden style buildings constructed with pitched
composition roofing and there are 24 covered parking spaces. Unit amenities include in-unit washer/dryer hook-ups, fenced private back patios, large picture windows, covered entries, contemporary floor-plans and full-size appliances. Units are individually metered for electricity and have copper plumbing. Sewer clean-outs have been installed. upside in rents without cap impro

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 12/13/2016

Last Buyer's Agent

Jan Long

West USA Realty License #SA037234000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,624

Year Built

  • Built in 1984

Lot Details

  • 1,089

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 32 Parking Spaces
  • 24 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 1 / A
  • Assessor Parcel Number 214-31-270

Community Details

Overview

  • 4 Buildings
  • 16 Units
  • Building Dimensions are multiple parcels
  • Grandview North Condominium Units 1 4 Bldgs A D Subdivision

Building Details

  • Operating Expense $54,101
  • Gross Income $140,429
  • Net Operating Income $86,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,624

Year Built

Built in 1984

Lot Details

1,089 Sq Ft Lot

Listing Details

  • Cross Street: Bell Rd and 32nd St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M, R-3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2016
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 15000.0
  • Subdivision Name: GRANDVIEW NORTH CONDOMINIUM UNITS 1-4 BLDGS A-D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 24.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 32.0
  • General Property Description:Covered Parking Spcs: 24.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 32.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Heat Pump, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Trash Expense: 8081.0
  • Annual Water Sewer Expense: 9730.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: multiple parcels
  • Additional Parcels: Yes
  • Parcel #: 214-31-270

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 16
  • Electric Expense: 1232.0
  • Annual Gross Income: 140428.8
  • Insurance Expense: 3600.0
  • Maintenance Expense: 5282.0
  • Property Net Operating Income: 86160.0
  • Annual Operating Expense: 54101.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 6624.0
  • Tax Block: A
  • Tax Book Number: 214.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2016
Closed on
Mar 7, 2017
Sold by
Davis Warren W
Bought by
Stitch Sofia Llc
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Jan Long
West USA Realty
List Price
$1,279,000
Sold Price
$1,256,000
Premium/Discount to List
-$23,000
-1.8%
Current Estimated Value
$1,002,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$253,807
Avg. Annual Appreciation
-2.45%

Purchase Details

Closed on
Dec 23, 1998
Sold by
Sixteen Properties Llc
Bought by
Davis Warren W

Purchase Details

Closed on
Dec 18, 1995
Sold by
Spitz Livia S
Bought by
Sixteen Properties Llc

Purchase Details

Closed on
Apr 20, 1994
Sold by
Security Title Agency
Bought by
Spitz Heddy
Source: Public Records
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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
Stitch Sofia Llc $1,256,000 American Title Svc Agency Ll
Davis Warren W $525,000 Old Republic Title Agency
Sixteen Properties Llc $336,000 --
Spitz Heddy -- Security Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2017 03/10/17 Sold $1,256,000 -1.8% $1,380 / Sq Ft
01/23/2017 01/23/17 Pending -- -- --
12/13/2016 12/13/16 For Sale $1,279,000 -- $1,405 / 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 $495 $4,840 -- --
2024 $472 $4,610 -- --
2023 $472 $15,610 $3,120 $12,490
2022 $467 $10,750 $2,150 $8,600
2021 $468 $8,330 $1,660 $6,670
2020 $454 $6,820 $1,360 $5,460
2019 $454 $6,010 $1,200 $4,810
2018 $440 $4,720 $940 $3,780
2017 $421 $4,610 $920 $3,690
2016 $414 $4,460 $890 $3,570
2015 $384 $3,280 $650 $2,630
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Scott Trevey

    REI Marketing

  • J

    Buyer's Agent in 2017

    Jan Long

    West USA Realty

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5536257

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-31-270

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

3027 E Grandview Rd Unit 1, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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