NOT LISTED FOR SALE

Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated Value: $471,634 - $632,000

-- Bed
4 Baths
2,600 Sq Ft
$207/Sq Ft Est. Value

Last Sold October 09, 2014

Last sale price $162,000 $62 Per Sq Ft

Est. 232% increase in value since last sale

Current estimated payment $2,963/month

14 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Heating Available
  • Multiple cooling system units

About This Home

As of October 2014

GREAT INVESTMENT OPPORTUNITY1 Newly built 2 units located near FWY 51 and 101. Two Separate building with own carport and private driveway. No shared walls, each unit has it own covered patio and fenced backyard. Each unit have 4 bedrooms and 2 baths. Fully occupied. NO SIGN ON PROPERTY. DRIVE BY ONLY. DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Joyce Chan

West USA Realty License #SA588409000 Listed on: 08/20/2014

West USA Realty

Last Buyer's Agent

Alex Devyatov

Key Factor Realty, LLC License #BR631720000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,012

Year Built

  • Built in 2006

Lot Details

  • 8,102

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Schools

  • Palomino Primary Elementary School
  • Greenway High Middle School
  • Pinnacle High School

Utilities

  • Multiple cooling system units
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV, landscaping
  • Tax Lot 9
  • Assessor Parcel Number 214-40-097

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 8116

Building Details

  • Operating Expense $5,212
  • Gross Income $15,960
  • Net Operating Income $12,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,012

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: Greenway Pkwy & 27th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 2
  • Year Built: 2006
  • Tax Year: 2013
  • Directions: W on E. Greenway Pkwy, N on Waltann Lane, left onto 27th St. and left onto E. Marconi Ave. Property at end of the street to the right.
  • Road Surface Type: Concrete
  • Professional Management Expense: 1300.0
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: 2 or More Units, Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Palomino Primary School
  • High School: Pinnacle High School
  • Middle Or Junior School: Greenway High School

Lot Info

  • Lot Size: 8116
  • Additional Parcels: No
  • Parcel #: 214-40-097

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 15960.0
  • Insurance Expense: 700.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 12600.0
  • Annual Operating Expense: 5211.7
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1011.7
  • Tax Book Number: 214.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2016
Sold by
Fayzakov Danil
Bought by
Phase Duplex Llc
Current Estimated Value
$537,909

Purchase Details

Listed on
Aug 20, 2014
Closed on
Oct 3, 2014
Sold by
Hong Feng and Hong Ya Yun
Bought by
Fayzakov Danil
Seller's Agent
Joyce Chan
West USA Realty
Buyer's Agent
Alex Devyatov
Key Factor Realty, LLC
List Price
$169,900
Sold Price
$162,000
Premium/Discount to List
-$7,900
-4.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.55%
Original Mortgage
$148,351
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 21, 2013
Sold by
Hong Feng
Bought by
Hong Feng and Hong Ya Yun

Purchase Details

Closed on
Feb 5, 2013
Sold by
Hong Ya Yun
Bought by
Hong Feng

Purchase Details

Closed on
Sep 24, 2012
Sold by
Adams Laurence J
Bought by
Hong Feng

Purchase Details

Closed on
Dec 19, 2006
Sold by
Adams Lisa A
Bought by
Adams Laurence J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2006
Sold by
Scott Barbara
Bought by
Bene Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.57%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 13, 2006
Sold by
Sutherland Willa Dean
Bought by
Scott Barbara

Purchase Details

Closed on
Apr 1, 1996
Sold by
Sutherland Willa Dean
Bought by
Sutherland Willa Dean and Brown Patricia A
Source: Public Records

Range of Values:

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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
Phase Duplex Llc -- None Available
Fayzakov Danil $162,000 Dhi Title Agency
Hong Feng -- None Available
Hong Feng $125,000 First American Title Ins Co
Hong Feng -- First American Title Ins Co
Adams Laurence J -- Capital Title Agency Inc
Adams Laurence J $315,700 Capital Title Agency Inc
Bene Enterprises Llc $72,000 Title Guaranty Agency Of Az
Scott Barbara -- None Available
Sutherland Willa Dean -- Security Title Agency Inc
Sutherland Willa Dean -- --
Sutherland Willa Dean -- --
Brown Patricia A -- --
Sutherland Willa Dean -- --
Jahnke Christine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fayzakov Danil $148,351
Previous Owner Adams Laurence J $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2014 10/09/14 Sold $162,000 -4.6% $62 / Sq Ft
09/03/2014 09/03/14 Pending -- -- --
08/20/2014 08/20/14 For Sale $169,900 -- $65 / 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 $1,332 $13,384 -- --
2024 $1,304 $12,746 -- --
2023 $1,304 $33,380 $6,670 $26,710
2022 $1,291 $22,830 $4,560 $18,270
2021 $1,295 $21,160 $4,230 $16,930
2020 $1,255 $19,330 $3,860 $15,470
2019 $1,257 $15,910 $3,180 $12,730
2018 $1,215 $15,610 $3,120 $12,490
2017 $1,165 $12,830 $2,560 $10,270
2016 $1,146 $15,660 $3,130 $12,530
2015 $1,061 $14,230 $2,840 $11,390
Source: Public Records

Agents Affiliated with this Home

  • Joyce Chan

    Seller's Agent in 2014

    Joyce Chan

    West USA Realty

    (480) 628-9336

    31 Total Sales

    Joyce Chan
    Section Image
  • Alex Devyatov

    Buyer's Agent in 2014

    Alex Devyatov

    Key Factor Realty, LLC

    (480) 626-8997

    6 in this area

    27 Total Sales

    Alex Devyatov
    Section Image
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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5160323

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-097

Arizona Maricopa County Phoenix 85032

Paradise Valley Village

This home since 20 August 2014 and is currently estimated at $537,909, approximately $206 per square foot. This property was built in 2006. This home is a home located in Maricopa County with nearby schools including Palomino Primary School, Palomino Intermediate School, and Greenway Middle School.

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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