NOT LISTED FOR SALE

3229 E Greenway Rd Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $2,313,874

Studio
-- Bath
6,993 Sq Ft
$331/Sq Ft Est. Value

Sale Details

Date Sold: October 14, 2015

Last sale price $1,200,000 $172 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $13,649 / mo

121 Days on Market

Highlights

  • 0.75 Acre Lot
  • Paradise Valley High School Rated A
  • Heating Available

About This Home

As of October 2015

Building currently has 3 tenants (3 offices). First tenant has a 2 year lease, second tenant has a 5 year lease while the third tenant has an 8 year lease.

Also, tenant improvements were done in 2013 (new flooring, paint, new bathroom).

Last Agent to Sell the Property

Mitchell Hundman

Russ Lyon Sotheby's International Realty License #SA656427000 Listed on: 02/17/2015

Russ Lyon Sotheby's International Realty

Co-Listed By

Allen Studebaker

Compass License #SA541028000

Last Buyer's Agent

Garen Avanesyan

Realty ONE Group License #SA563260000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $15,014

Year Built

  • Built in 2002

Lot Details

  • 32,560 Sq Ft Lot
  • Property is zoned c-1

Home Design

  • 6,993 Sq Ft Home
  • Wood Frame Construction
  • Built-Up Roof

Parking

  • 26 Open Parking Spaces
  • 36 Parking Spaces
  • 10 Covered Spaces

Utilities

  • Heating Available

Community Details

  • Operating Expense $42,928
  • Net Operating Income $112,091

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 214-60-004

Property Details

Property Type

Other

Est. Annual Taxes

$15,014

Year Built

Built in 2002

Lot Details

0.75 Acres

Listing Details

  • Cross Street: Greenway Rd & Highway 51
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: c-1
  • Current Use: Medical/Dental
  • Number Of Buildings: 1
  • Year Built: 2002
  • Tax Year: 2014
  • Lot Size Acres: 0.75
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3279.0
  • Co List Office Mls Id: cril17
  • Co List Office Phone: 480-471-5577
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Concrete Panel
  • Construction Type: Frame - Wood
  • Roof: See Remarks, Built-Up
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Open Parking Spaces: 26.0
  • Total Parking Spaces: 36.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 26.0
  • General Property Description:Total Parking Spcs: 36.0
  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Office A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Fee Information

  • Trash Expense: 5708.84
  • Annual Water Sewer Expense: 1825.89

Lot Info

  • Lot Size Sq Ft: 32560.0
  • Additional Parcels: No
  • Parcel #: 214-60-004
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 6995.64
  • Insurance Expense: 1395.0
  • Property Net Operating Income: 112091.0
  • Annual Operating Expense: 42928.37

Tax Info

  • Tax Annual Amount: 15014.0
  • Tax Book Number: 214.00
  • Tax Lot: 4
  • Tax Map Number: 60.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2017
Sold by
Gujkem Llc
Bought by
Greenway Real Estate Group Llc
Current Estimated Value
$2,313,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,002,000
Outstanding Balance
$842,722
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$1,471,152

Purchase Details

Listed on
Feb 17, 2015
Closed on
Oct 6, 2015
Sold by
Mbl Investors Llc
Bought by
Gujkem Llc
Seller's Agent
Mitchell Hundman
Russ Lyon Sotheby's International Realty
Buyer's Agent
Garen Avanesyan
Realty ONE Group
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.42%
Original Mortgage
$960,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 12, 2004
Sold by
Feldman Martin A
Bought by
Mbl Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Interest Rate
5.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 2003
Sold by
Feldman Lorie R
Bought by
Mbl Investors Llc

Purchase Details

Closed on
Jun 28, 2000
Sold by
Stewart Barbara J and The Pearl Family Trust
Bought by
Feldman Martin A and Feldman Lorie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
8.37%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 18, 1995
Sold by
Stewart Paul R and Stewart Barbara J
Bought by
The Pearl Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Greenway Real Estate Group Llc $1,252,000 Pioneer Title Agency Inc
Gujkem Llc $1,200,000 Grand Canyon Title Agency
Mbl Investors Llc -- First Financial Title Agency
Mbl Investors Llc -- --
Feldman Martin A $255,000 Chicago Title Insurance Co
The Pearl Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenway Real Estate Group Llc $1,002,000
Previous Owner Gujkem Llc $960,000
Previous Owner Mbl Investors Llc $940,000
Previous Owner Feldman Martin A $191,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2015 10/14/15 Sold $1,200,000 -7.7% $172 / Sq Ft
06/18/2015 06/18/15 Pending -- -- --
02/17/2015 02/17/15 For Sale $1,300,000 -- $186 / 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 $17,594 $172,156 -- --
2024 $17,826 $169,082 -- --
2023 $17,826 $218,093 $55,862 $162,231
2022 $18,166 $205,503 $58,065 $147,438
2021 $18,740 $212,706 $59,724 $152,982
2020 $18,161 $196,362 $56,988 $139,374
2019 $18,185 $170,100 $52,146 $117,954
2018 $17,588 $166,176 $49,248 $116,928
2017 $16,859 $167,328 $49,248 $118,080
2016 $16,578 $141,552 $43,506 $98,046
2015 $15,778 $126,984 $34,373 $92,611
Source: Public Records

Agents Affiliated with this Home

  • Mitchell Hundman

    Seller's Agent in 2015

    Mitchell Hundman

    Russ Lyon Sotheby's International Realty

    (602) 618-3580

    1 in this area

    78 Total Sales

    Mitchell Hundman
    Section Image
  • Allen Studebaker

    Seller Co-Listing Agent in 2015

    Allen Studebaker

    Compass

    (602) 763-1138

    6 in this area

    156 Total Sales

    Allen Studebaker
    Section Image

  • G

    Buyer's Agent in 2015

    Garen Avanesyan

    Realty One Group

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5237791

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-60-004

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

3229 E Greenway Rd, Phoenix, AZ

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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