NOT LISTED FOR SALE

10450 E Riggs Rd Unit 111 Sun Lakes, AZ 85248

Sun Lakes Area

Estimated Value: $572,893

Studio
-- Baths
5,383 Sq Ft
1,742 Sq Ft Lot

Sale Details

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 $3,582 / mo

83 Days on Market

Highlights

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

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

My Home Group Real Estate
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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.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2024
Closed on
Feb 11, 2025
Sold by
Stokes Home Health Care and Valley Home Health Care Llc
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
51
Current Estimated Value
$572,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,893

Purchase Details

Listed on
Sep 10, 2019
Closed on
Dec 6, 2019
Sold by
Netzel Holdings Llc
Bought by
Valley Home Health Care Llc and Stokes Home Health Care
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%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.68%
Original Mortgage
$308,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 17, 2008
Sold by
Netzel Steven M and Netzel Diane M
Bought by
Netzel Holdings Llc

Purchase Details

Closed on
Sep 14, 2006
Sold by
Sun Lakes Pv Development Lc
Bought by
Affordable Supplemental Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,400
Interest Rate
6.56%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Sun Lakes, AZ

  • Braden Johnson Real Estate Agent - Limitless Real Estate

    Braden Johnson

    Limitless Real Estate

    (877) 629-6469

    148 Total Sales

    3 in Sun Lakes

    $380K - $568K Price Range

    Braden Johnson
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  • Chris Lundberg Real Estate Agent - Redeemed Real Estate

    Chris Lundberg

    Redeemed Real Estate

    (623) 400-5946

    139 Total Sales

    1 in Sun Lakes

    $455,000 Price

    Chris Lundberg
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  • Keily Ringo Kasotakis Real Estate Agent - Arizona Best Real Estate

    Keily Ringo Kasotakis

    Arizona Best Real Estate

    (224) 223-1471

    80 Total Sales

    1 in Sun Lakes

    $360,000 Price

    Keily Ringo Kasotakis
     Section Image
  • Richard Ferguson Real Estate Agent - Coldwell Banker Realty

    Richard Ferguson

    Coldwell Banker Realty

    (740) 971-2365

    72 Total Sales

    1 in Sun Lakes

    $520,000 Price

    Richard Ferguson
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  • Steven Ringenbach Real Estate Agent - The Valley of the Sun Realty LLC

    Steven Ringenbach

    The Valley of the Sun Realty LLC

    (855) 370-0561

    88 Total Sales

    1 in Sun Lakes

    $820,000 Price

    Steven Ringenbach
     Section Image
  • David Harvey Real Estate Agent - Real Broker

    David Harvey

    Real Broker

    (844) 727-0084

    95 Total Sales

    1 in Sun Lakes

    $425,000 Price

    David Harvey
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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
Valley Home Health Care Llc $385,000 Wfg National Title Ins Co
Netzel Steven M -- None Available
Netzel Holdings Llc -- None Available
Affordable Supplemental Inc $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 Affordable Supplemental Inc $382,400
Previous Owner Affordable Supplemental Inc $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

  • Patrick Burch Real Estate Agent - ABI Multifamily

    Seller's Agent in 2025

    Patrick Burch

    ABI Multifamily

    (520) 603-1768

    28 Total Sales

    Patrick Burch
    Section Image

  • NS

    Buyer's Agent in 2025

    Nicholas Skogen

    My Home Group

    (480) 685-2760

    5 Total Sales

    Nicholas Skogen
    Section Image
  • Frank C. Merlo III Real Estate Agent - SERHANT.

    Seller's Agent in 2019

    Frank C. Merlo III

    SERHANT.

    (480) 888-6133

    134 Total Sales

    Frank C. Merlo III
    Section Image
  • Deborah 'Debbie' Sapp Real Estate Agent - SERHANT.

    Seller Co-Listing Agent in 2019

    Deborah 'Debbie' Sapp

    SERHANT.

    (480) 797-6650

    117 Total Sales

    Deborah 'Debbie' Sapp
    Section Image

  • JH

    Buyer's Agent in 2019

    Jeremiah Hancock

    HomeSmart

    (480) 593-0420

    12 Total Sales

    Jeremiah Hancock
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6762250

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-54-346

Arizona Maricopa County Sun Lakes 85248

10450 E Riggs Rd Unit 111, Sun Lakes, AZ

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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