NOT LISTED FOR SALE

3822 E Marlette Ave Paradise Valley, AZ 85253

Estimated Value: $2,319,000 - $4,003,000

4 Beds
4 Baths
3,792 Sq Ft
$788/Sq Ft Est. Value

Last Sold June 18, 2020

Last sale price $1,295,000 $342 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $16,667/month

339 Days on Market

Highlights

  • Private Pool
  • 1.54 Acre Lot
  • 2 Fireplaces
  • Phoenix Coding Academy Rated A
  • Spanish Architecture
  • No HOA

About This Home

As of June 2020

Older home sitting on a premium 1.55 acre parcel in Paradise Valley with great views. This beautiful large flat parcel located in a cul-de-sac at 38th place just south of Lincoln Drive - Quick access to PV, Scottsdale and Phoenix and surrounded by new homes in $3M to $4.5M price range. True value is in land but home itself could be livable with some improvements. Owner may finance.

Last Agent to Sell the Property

Mehran Parsai

Compass License #BR112043000 Listed on: 06/19/2019

Compass

Co-Listed By

Herbert Budwig

Realty ONE Group License #SA637837000

Last Buyer's Agent

Maureen Thelen

Urban Premises LLC License #BR034675000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,029

Year Built

  • Built in 1981

Lot Details

  • 1.54 Acre Lot
  • Cul-De-Sac
  • Block Wall Fence

Parking

  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Fixer Upper
  • Wood Frame Construction
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,792 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 4 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Pool

  • Private Pool

Schools

  • Biltmore Preparatory Academy Elementary And Middle School
  • Camelback High School

Utilities

  • Central Air
  • Heating Available
  • Septic Tank

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Unkonwon
  • Palo Verde Foothills Subdivision

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 164-04-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,029

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Cross Street: 38th ST & Lincoln
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1981
  • Tax Year: 2018
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.54
  • Co List Office Mls Id: reog01
  • Co List Office Phone: 480-315-1240
  • Subdivision Name: PALO VERDE FOOTHILLS
  • Architectural Style: Spanish
  • New Construction: No
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 341.51
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 4
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Double Vanity, Eat-in Kitchen, Kitchen Island, Full Bth Master Bdrm
  • Living Area: 3792.0
  • Stories: 1
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Cul-De-Sac, Dirt Front, Dirt Back
  • Pool Private: Yes
  • Disclosures: Agency Discl Req
  • Construction Type: Stucco, Wood Frame, Block
  • Property Condition: Fixer
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Biltmore Preparatory Academy
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Biltmore Preparatory Academy

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 67080.0
  • Parcel #: 164-04-011

Building Info

  • Builder Name: Unkonwon

Tax Info

  • Tax Annual Amount: 11029.0
  • Tax Book Number: 164.00
  • Tax Lot: 11
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2019
Closed on
Jun 5, 2020
Sold by
Aftahi Shahab and The Shahab Aftahi Family Trust
Bought by
Chugh Dennis and Cieslak Lynn
Seller's Agent
Mehran Parsai
Compass
Buyer's Agent
Maureen Thelen
Urban Premises LLC
List Price
$1,499,900
Sold Price
$1,295,000
Premium/Discount to List
-$204,900
-13.66%
Current Estimated Value
$2,988,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,693,016
Avg. Annual Appreciation
16.52%

Purchase Details

Closed on
Jan 28, 2017
Sold by
Aftahi Shari
Bought by
Aftahi Shahab and The Shahab Aftahi Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Interest Rate
4.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 30, 2014
Sold by
Aftahi Shahab
Bought by
Aftahi Shahab and The Shahab Aftahi Family Trust

Purchase Details

Closed on
Nov 8, 2006
Sold by
Aftahi Shari
Bought by
Aftahi Shahab

Purchase Details

Closed on
Dec 9, 2005
Sold by
Aftahi Shari
Bought by
Aftahi Shari and Shari Aftahi Living Trust

Purchase Details

Closed on
Jan 7, 2005
Sold by
Shakiba Sima
Bought by
Aftahi Shahab

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$977,600
Interest Rate
5.8%
Mortgage Type
New Conventional
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
Chugh Dennis $1,295,000 Magnus Title Agency
Aftahi Shahab -- Pioneer Title Agency Inc
Aftahi Shahab -- None Available
Aftahi Shahab -- None Available
Aftahi Shari -- --
Aftahi Shahab -- Arizona Title Agency Inc
Aftahi Shahab $1,222,000 Arizona Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aftahi Shahab $930,000
Previous Owner Aftahi Shahab $977,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2020 06/18/20 Sold $1,295,000 0.0% $342 / Sq Ft
05/23/2020 05/23/20 Pending -- -- --
05/19/2020 05/19/20 Price Changed $1,295,000 -7.2% $342 / Sq Ft
11/11/2019 11/11/19 Price Changed $1,395,000 -3.8% $368 / Sq Ft
09/04/2019 09/04/19 Price Changed $1,450,000 -3.3% $382 / Sq Ft
09/03/2019 09/03/19 For Sale $1,499,900 +15.8% $396 / Sq Ft
07/22/2019 07/22/19 Off Market $1,295,000 -- --
06/19/2019 06/19/19 For Sale $1,499,900 -- $396 / Sq Ft
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 $12,134 $106,182 $106,182 --
2024 $11,623 $101,126 $101,126 --
2023 $11,623 $204,915 $204,915 $0
2022 $11,675 $123,530 $24,700 $98,830
2021 $12,100 $113,560 $22,710 $90,850
2020 $11,841 $114,150 $22,830 $91,320
2019 $11,233 $96,270 $19,250 $77,020
2018 $11,029 $99,380 $19,870 $79,510
2017 $10,580 $98,830 $19,760 $79,070
2016 $11,570 $84,220 $16,840 $67,380
2015 $10,952 $80,210 $16,040 $64,170
Source: Public Records

Agents Affiliated with this Home

  • Mehran Parsai

    Seller's Agent in 2020

    Mehran Parsai

    Compass

    (480) 980-2244

    84 Total Sales

    Mehran Parsai
    Section Image
  • Herbert Budwig

    Seller Co-Listing Agent in 2020

    Herbert Budwig

    Realty One Group

    (602) 690-0110

    41 Total Sales

    Herbert Budwig
    Section Image
  • Maureen Thelen

    Buyer's Agent in 2020

    Maureen Thelen

    Urban Premises LLC

    (602) 791-0898

    15 Total Sales

    Maureen Thelen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5941775

Arizona Regional Multiple Listing Service (ARMLS)

APN: 164-04-011

Arizona Maricopa County Paradise Valley 85253

3822 E Marlette Ave, Paradise Valley, AZ

Not Listed for Sale

Detached

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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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