NOT LISTED FOR SALE

Estimated Value: $1,232,000

0.48 Acre
$2,566,667 Price per Acre
20,909 Sq Ft Lot

Last Sold March 01, 2018

Last sale price $1,100,000

Est. 12% increase in value since last sale

Current estimated payment $7,230/month

146 Days on Market

About This Lot

As of March 2018

Infill Redevelopment Opportunity. 148' of frontage on N 1st Street and 141' on E Willetta Street. Walking distance to the light-rail. Numerous new projects recently completed and in the works near the property such as Proxy 333, Found:RE hotel, Art Haus, Muse, En Hance Park, and more...Just south of E McDowell Rd & North of 1-10. Giant Coffee just north and Arizona School for the Arts located just east.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 03/15/2017

Co-Listed By

Justin Cirell

R.O.I. Properties License #SA644392000

Last Buyer's Agent

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 03/15/2017

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,402

Lot Details

  • 0.48 Acre Lot
  • Additional Parcels
  • Property is zoned DTC-TWNPK

Community Details

  • No Home Owners Association
  • Central Place Sub Of Blk 17 Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 111-35-083

Property Details

Property Type

Land

Est. Annual Taxes

$8,402

Lot Details

0

Listing Details

  • Cross Street: N. 1st Street and E. Willetta Street
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: DTC-TWNPK
  • Tax Year: 2015
  • Directions: Heading west on E. McDowell Road, turn left onto N. 1st Street. Heading South on N. 1st Street, property is located on the left side.
  • Lot Size Acres: 0.48
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: CENTRAL PLACE SUB OF BLK 17
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Disclosures: None

Utilities

  • Electric: Other (See Rmks)
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 141' x 148'
  • Lot Size Sq Ft: 20909.0
  • Additional Parcels: Yes
  • Parcel #: 111-35-083

Tax Info

  • Tax Annual Amount: 8402.0
  • Tax Book Number: 111.00
  • Tax Lot: 1
  • Tax Map Number: 35.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2022
Sold by
Pp Willetta Street Subsidiary Llc
Bought by
102 Willetta Partners Llc
Total Days on Market
146
Current Estimated Value
$1,232,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,240,000
Interest Rate
3.11%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 15, 2017
Closed on
Mar 1, 2018
Sold by
Psb Futures L L P
Bought by
Willetta Street Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Beth Jo Zeitzer
R.O.I. Properties
List Price
$1,500,000
Sold Price
$1,100,000
Premium/Discount to List
-$400,000
-26.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.90%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
102 Willetta Partners Llc $4,100,000 First American Title
102 Willetta Partners Llc $4,100,000 First American Title
Willetta Street Llc $1,100,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 102 Willetta Partners Llc $4,500,000
Closed 102 Willetta Partners Llc $2,100,000
Closed 102 Willetta Partners Llc $3,240,000
Closed 102 Willetta Partners Llc $3,240,000
Previous Owner Ppwilletta Street Subsidiary Llc $2,345,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2018 03/01/18 Sold $1,100,000 -26.7% --
03/23/2017 03/23/17 Pending -- -- --
10/28/2016 10/28/16 For Sale $1,500,000 -- --
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 $7,994 $59,777 $59,777 --
2024 $7,916 $56,930 $56,930 --
2023 $7,916 $125,355 $125,355 $0
2022 $7,635 $96,630 $96,630 $0
2021 $7,578 $96,630 $96,630 $0
2020 $7,665 $78,240 $78,240 $0
2019 $7,652 $73,125 $73,125 $0
2018 $5,545 $32,112 $19,440 $12,672
2017 $5,416 $31,806 $20,250 $11,556
2016 $5,261 $28,602 $18,936 $9,666
2015 $5,003 $27,806 $18,889 $8,917
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5518028

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-35-083