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Sold for $615,000
  • $615,000

    2726 E Tierra Buena Lane, Phoenix, AZ 85032

    8beds
    8baths
    3,600sqft
    Multi Family
    Built in 1987
    -- sqft lot
    $614,300 Zestimate®
    $171/sqft
    $1,419 Estimated rent

    Home value

    $614,300

    $559,000 - $676,000

    $1,419/mo

    Zestimate® history
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    What's special

    Advantageously placed just west of State Route 51, Tierra Buena (''the property'') is a 4-unit apartment community located just east of the Cave Creek Road and Greenway Parkway intersection, deep inside the expanding Northeast Phoenix submarket. Its nearby proximity to State Route 51, a major transportation artery, affords residents direct access to simple passage within desirable commute times to nearly any destination across The Valley. Included in those nearby destinations are some of the largest employment corridors in Arizona. The I-17 / Deer Valley and Scottsdale Airpark employment corridors are reachable within a 10-minute drive, and the Biltmore employment district is less than 15 minutes away. In addition to powerful job opportunities, the surrounding landscape is also flush with countless dining, shopping, and entertainment options. Desert Ridge, Scottsdale Quarter, and the Biltmore Area, each hold highly sought after nighttime experiences, including restaurants, bars, and retail stores. Built in 1987, Tierra Buena is entirely comprised of two-bedroom, two-bathroom floorplans covering 900 square feet. Future ownership will have the opportunity to upgrade the interiors of the 2 remaining classic units and capitalize on the associated rental premium already proven out at the property.

    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher Paul Bay 602-320-8126,

    Marcus & Millichap

    Bought with:

    Non-MLS Agent

    Non-MLS Office

    Source: ARMLS,MLS#: 6869954MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    Heating
    • Individual, Electric
    Cooling
    • Electric, Individual
    Appliances
    • Included: Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave
    • Laundry: W/D Hookup
    Features
    • Flooring: Vinyl
    Interior area
    • Total structure area: 3,600
    • Total interior livable area: 3,600 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: >1 Space Per Unit
    • Uncovered spaces: 8
    Lot
    • Size: 9,583 Square Feet
    • Dimensions: 0.22
    Details
    • Parcel number: 21440252
    • Zoning: R-5

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Stucco
    • Roof: Foam
    Condition
    • Year built: 1987

    Utilities & green energy

    • Electric: SRP
    • Sewer: Public Sewer
    • Water: City Franchise

    Community & HOA

    Community
    • Features: No Pool
    Location
    • Region: Phoenix

    Financial & listing details

    • Price per square foot: $171/sqft
    • Tax assessed value: $470,800
    • Annual tax amount: $1,153
    • Date on market: 8/18/2025
    • Cumulative days on market: 105 days
    • Listing terms: Conventional,1031 Exchange,FHA
    • Ownership: Fee Simple
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    12/1/2025Sold$615,000+52.7%$171/sqft
    Source: ARMLS #6869954 Report a problem
    3/18/2020Sold$402,700+505.6%$112/sqft
    Source: Public Record Report a problem
    3/15/2011Sold$66,500-21.3%$18/sqft
    Source: ARMLS #4515784 Report a problem
    12/15/2010Sold$84,500-75.1%$23/sqft
    Source: Public Record Report a problem
    5/4/2007Sold$339,000+14.9%$94/sqft
    Source: Public Record Report a problem
    4/18/2005Sold$295,000$82/sqft
    Source: Public Record Report a problem
    12/6/2004Sold$295,000+31.1%$82/sqft
    Source: Public Record Report a problem
    8/11/2004Sold$225,000+83.5%$63/sqft
    Source: Public Record Report a problem
    12/20/1999Sold$122,616$34/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,006 +2.6%$47,080 -16.3%
    2024$980 +2.1%$56,270 +519%
    2023$960 -0.7%$9,091 -70.6%
    2022$967 +2.9%$30,960 +23.1%
    2021$940 -0.1%$25,150 +13.9%
    2020$941 +3.4%$22,080 +23.5%
    2019$910 $17,880 +3.5%
    2018$910 +4.3%$17,280 +12.6%
    2017$873 +9.8%$15,350 +9.3%
    2016$794 -3.5%$14,050 +20.9%
    2015$823 $11,620 +44.3%
    2014-- $8,050 +56.9%
    2013-- $5,130 -22.3%
    2012-- $6,600 -21.4%
    2011-- $8,400 -46.7%
    2010-- $15,760 -39.1%
    2009-- $25,870 -13.8%
    2008-- $30,020 +21%
    2007-- $24,800 +68.1%
    2006-- $14,750
    2005-- $14,750 +41.1%
    2004-- $10,450
    2003-- $10,450 +8.3%
    2002-- $9,650
    Find assessor info on the county website

    Neighborhood: Paradise Valley

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $614,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $614,300