NOT LISTED FOR SALE

10450 E Riggs Rd Unit 111 Sun Lakes, AZ 85248

Sun Lakes Area

Estimated Value: $572,893

Studio

-- Bath

5,383 Sq Ft

1,742 Sq Ft Lot

Date Sold: February 19, 2025

Last sale price $420,000 $78 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,502 / mo

83 Days on Market

Highlights

Cooling Available
Partially Fenced Property
Heating Available
Jacobson Elementary School Rated A

About This Home

As of February 2025

Rare office condo in the southeast Valley. Beautifully built out and ready for occupancy. Monument signage available. Located in the heart of the master planned Sun Lakes community, the Sun Lakes Professional Village has an incredible mix of medical and professional offices. Adjacent to Sun Lakes Health Center and Chandler/Gilbert Community College. Fully finished reception area, waiting room, multiple large offices, conference room, 2 private bathrooms a kitchen/breakroom and plenty of storage. This is Suite 111 of Building 5.

Last Agent to Sell the Property

Patrick Burch

ABI Multifamily License #BR515118000 Listed on: 09/25/2024

Last Buyer's Agent

Nicholas Skogen

My Home Group Real Estate License #SA669539000

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Property Details

Home Type

Condominium

Est. Annual Taxes

$4,138

Year Built

Built in 2006

Lot Details

Partially Fenced Property

Home Design

5,383 Sq Ft Home
Wood Frame Construction
Tile Roof
Metal Siding
Stucco

Parking

2 Covered Spaces
Private Parking
Free Parking
Paved Parking

Utilities

Cooling Available
Heating Available

Community Details

Sun Lakes Professional Village Condominium Subdivision

Listing and Financial Details

Tax Lot 111
Assessor Parcel Number 303-54-346

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,138

Year Built

Built in 2006

Lot Details

1,742 Sq Ft Lot

Listing Details

Cross Street: NEC of Riggs Rd. & Alma School Rd.
Legal Info Range: 5E
Property Type: Comm/Industry Sale
Zoning: C-1
Number Of Buildings: 1
Ownership: Condominium
Year Built: 2006
Tax Year: 2023
Lot Size Acres: 0.04
Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
Subdivision Name: SUN LAKES PROFESSIONAL VILLAGE CONDOMINIUM
Structure Type: Commercial, Office
Water Source City Franchise: Yes
Special Features: None
Property Sub Type: Condos

Interior Features

Flooring: Other
Living Area: 5383.0

Exterior Features

Fencing: Partial
Disclosures: None
Construction Type: Frame - Wood, Stucco, Metal Siding
Roof: Other, Tile
Construction:Metal: Yes
Construction:Frame - Wood2: Yes
Construction:Stucco2: Yes

Garage/Parking

Total Covered Spaces: 2.0
Parking Features: Paved, Private, Free
Attached Garage: No
Open Parking Spaces: 8.0
Total Parking Spaces: 10.0
General Property Description:Covered Parking Spcs: 2.0
General Property Description:Uncvrd Parking Spcs: 8.0
General Property Description:Total Parking Spcs: 10.0
Parking Features Paved Parking: Yes
Parking Features Private Parking: Yes
Parking Features Free: Yes

Utilities

Electric: SRP
Cooling: Office A/C
Heating: Electric
Cooling Y N: Yes
Heating Yn: Yes
Water Source: City Franchise
Heating:Electric: Yes

Lot Info

Lot Size Sq Ft: 1760.0
Parcel #: 303-54-346
ResoLotSizeUnits: SquareFeet

Multi Family

Leasable Area: 1760.0

Tax Info

Tax Annual Amount: 4138.0
Tax Book Number: 303.00
Tax Lot: 111
Tax Map Number: 54.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Feb 2025 - Present 1 Year and 6 Months

Company

Purchase Details

Listed on

Sep 25, 2024

Closed on

Feb 11, 2025

Sold by

Bought by

Seller's Agent

Patrick Burch

ABI Multifamily

Buyer's Agent

Nicholas Skogen

My Home Group Real Estate

List Price

$625,000

Sold Price

$420,000

Premium/Discount to List

-$205,000

-32.8%

Views

Current Estimated Value

$572,893

Estimated Appreciation

$152,893

Dec 2019 - Feb 2025 5 Years and 2 Months

Company

Purchase Details

Listed on

Sep 10, 2019

Closed on

Dec 6, 2019

Sold by

Bought by

Seller's Agent

Frank C. Merlo III

SERHANT.

Buyer's Agent

Jeremiah Hancock

HomeSmart

List Price

$399,000

Sold Price

$385,000

Premium/Discount to List

-$14,000

-3.51%

Avg. Annual Appreciation

1.68%

Original Mortgage

$308,000

Interest Rate

3.75%

Mortgage Type

Commercial

Jul 2008 - Dec 2019 11 Years and 5 Months

Private Individual

Purchase Details

Closed on

Jul 17, 2008

Sold by

Bought by

Sep 2006 - Jul 2008 1 Year and 10 Months

Private Individual

Purchase Details

Closed on

Sep 14, 2006

Sold by

Bought by

Original Mortgage

$382,400

Interest Rate

6.56%

Mortgage Type

Commercial

Source: Public Records

Agents Specializing in Sun Lakes, AZ

Erin Rose

eXp Realty

(520) 462-5005

112 Total Sales

1 in Sun Lakes

$434,500 Price

Erin Rose
Scottie Brown

Keller Williams Integrity First Realty

(877) 525-3130

70 Total Sales

1 in Sun Lakes

$539,000 Price

Scottie Brown
Andrew McCargar

Done Deal

(480) 864-3781

52 Total Sales

1 in Sun Lakes

$328,000 Price

Andrew McCargar
Tim Cusick

Homelogic Real Estate

(480) 712-0156

363 Total Sales

1 in Sun Lakes

$685,000 Price

Tim Cusick
Priscilla Logan

Responds Quickly

HomeSmart

(888) 604-5182

10 Total Sales

1 in Sun Lakes

$378,000 Price

Priscilla Logan
Elizabeth Melichar

SERHANT.

(888) 613-5424

90 Total Sales

1 in Sun Lakes

$420,000 Price

Elizabeth Melichar

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date	Buyer	Sale Price	Title Company
		$420,000	Premier Title Agency
		$385,000	Wfg National Title Ins Co
		--	None Available
		--	None Available
		$353,940	Security Title Agency Inc

Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date	Status	Borrower	Loan Amount
	Previous Owner		$308,000
	Previous Owner		$382,400
	Previous Owner		$95,600

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date	Event	Price	List to Sale	Price per Sq Ft	Prior Sale
02/19/2025 02/19/25	Sold	$420,000	-20.0%	$78 / Sq Ft
12/17/2024 12/17/24	Pending	--	--	--
12/02/2024 12/02/24	Price Changed	$525,000	-16.0%	$98 / Sq Ft
09/25/2024 09/25/24	For Sale	$625,000	+62.3%	$116 / Sq Ft
12/06/2019 12/06/19	Sold	$385,000	-3.5%	$72 / Sq Ft	View Prior Sale
10/12/2019 10/12/19	Pending	--	--	--
09/10/2019 09/10/19	For Sale	$399,000	--	$74 / Sq Ft

Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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	$4,158	$34,973
2024	$4,138	$34,348
2023	$4,138	$66,929	$13,379	$53,550
2022	$4,053	$58,275	$11,655	$46,620
2021	$4,210	$48,006	$9,594	$38,412
2020	$4,156	$45,396	$9,072	$36,324
2019	$4,000	$42,966	$8,586	$34,380
2018	$3,871	$37,314	$7,452	$29,862
2017	$3,644	$37,296	$7,452	$29,844
2016	$3,507	$34,704	$6,930	$27,774
2015	$3,461	$28,897	$5,772	$23,125

Source: Public Records

Agents Affiliated with this Home

Seller's Agent in 2025

Patrick Burch

ABI Multifamily

(520) 603-1768

29 Total Sales

Patrick Burch
N

Buyer's Agent in 2025

Nicholas Skogen

My Home Group

(480) 685-2760

5 Total Sales

Nicholas Skogen
Seller's Agent in 2019

Frank C. Merlo III

SERHANT.

(480) 888-6133

135 Total Sales

Frank C. Merlo III
Seller Co-Listing Agent in 2019

Deborah 'Debbie' Sapp

SERHANT.

(480) 797-6650

119 Total Sales

Deborah 'Debbie' Sapp
J

Buyer's Agent in 2019

Jeremiah Hancock

HomeSmart

(480) 593-0420

11 Total Sales

Jeremiah Hancock

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6762250

APN: 303-54-346

Arizona Maricopa County Sun Lakes 85248

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.

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

Nearby Homes

10450 E Riggs Rd Unit 111 Sun Lakes, AZ 85248

Sale Details

Highlights

About This Home

Property Details

Home Type

Est. Annual Taxes

Year Built

Lot Details

Home Design

Parking

Utilities

Community Details

Listing and Financial Details

Property Details

Listing Details

Interior Features

Exterior Features

Garage/Parking

Utilities

Lot Info

Multi Family

Tax Info

Ownership History

Purchase Details

Home Financials for this Owner

Purchase Details

Home Financials for this Owner

Purchase Details

Purchase Details

Home Financials for this Owner

Home Values in the Area

Average Home Value in this Area

Agents Specializing in Sun Lakes, AZ

Purchase History

Mortgage History

Property History

Tax History

Agents Affiliated with this Home

Map