NOT LISTED FOR SALE

Estimated Value: $860,290

-- Bed
-- Bath
3,300 Sq Ft
$261/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $530,000 $161 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,064/month

121 Days on Market

Highlights

  • Gated Community
  • Community Kitchen
  • Concrete Flooring
  • Shadow Mountain High School Rated A-
  • Computer Room
  • Heating Available

About This Home

As of June 2019

This turn-key business and fully equipped building awaits it's new owner. Well established import auto repair shop has been in business 33 years with 4,750 clients in the datatbase. Shop includes 6 bays with 5 hoists (3 in ground, 2 upright) & 1 flat, 3 work benches, inventory, over $30,000 worth of tools, library of 150+ reference books, Auto Shop Writer software program, Auto Logic diagnostics & another diagnostic program, various supplies (light bulbs, nuts/bolts, hosts, filters, etc.) and more.
Building also has a nice waiting room with furniture, customer and staff restrooms, and office/counter space with desks. Additional room (could be an office, conference room, break room, or apartment) has a kitchen, bathroom with shower, and closet. Great location with excellent traffic.

Last Agent to Sell the Property

Logan Hall

Century 21 Northwest License #SA544296000 Listed on: 11/21/2018

Century 21 Northwest

Co-Listed By

John Crow

Century 21 Northwest License #SA635202000

Last Buyer's Agent

Logan Hall

RE/MAX Homes and Properties License #SA544296000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,109

Year Built

  • Built in 1987

Lot Details

  • 0.29 Acre Lot
  • Block Wall Fence
  • Property is zoned C-2

Home Design

  • Tilt Up Walls
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,300 Sq Ft Home
  • Computer Room
  • Concrete Flooring

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces

Utilities

  • Heating Available

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 159-22-040

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Building Details

  • Operating Expense $6,109
  • Net Operating Income $95,400

Security

  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$6,109

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: Cave Creek & Peoria Ave
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Current Use: Automobile
  • Number Of Buildings: 1
  • Year Built: 1987
  • Tax Year: 2018
  • Directions: From SR-51, west on Thunderbird Rd. Left (south) on Cave Creek Rd to property on the left (east) side of road just before you get to Peoria.
  • Lot Size Acres: 0.29
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: cere10
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block
  • Construction Type: Tilt-Up, Stucco, Block
  • Roof: Other, See Remarks
  • Construction:Block: Yes
  • Construction:Tilt-Up: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: APS
  • Cooling: Warehouse Fan(s), Warehouse Evap, Office A/C, Other, See Remarks
  • Heating: Electric
  • Green Building Features: Conference Room, Reception Room, Kitchen, Computer Room, Showers - Office, Security Gate
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Showers - Office: Yes
  • Amenities:Computer Room: Yes
  • Amenities:Security Gate: Yes

Lot Info

  • Lot Size Sq Ft: 12515.0
  • Additional Parcels: No
  • Parcel #: 159-22-040
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 95400.0
  • Annual Operating Expense: 6108.7

Tax Info

  • Tax Annual Amount: 6108.7
  • Tax Book Number: 159.00
  • Tax Lot: 7
  • Tax Map Number: 22.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2020
Sold by
Miller John G and Miller Kathleen I
Bought by
Kjm Holding Group Llc
Current Estimated Value
$860,290

Purchase Details

Listed on
Nov 21, 2018
Closed on
May 21, 2019
Sold by
Hancock Family Limited Partnership
Bought by
Miller John G and Miller Kathleen I
Seller's Agent
Logan Hall
Century 21 Northwest
Buyer's Agent
Logan Hall
Century 21 Northwest
List Price
$549,777
Sold Price
$530,000
Premium/Discount to List
-$19,777
-3.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.03%
Original Mortgage
$450,500
Interest Rate
4%
Mortgage Type
Small Business Administration

Purchase Details

Closed on
May 23, 2002
Sold by
Hancock Daniel Gene and Hancock Carol Elizabeth
Bought by
The Hancock Family Ltd Partnership

Purchase Details

Closed on
Mar 9, 1999
Sold by
Bujila Jane
Bought by
Hancock Daniel G and Hancock Carol E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.7%
Mortgage Type
Seller Take Back
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
Kjm Holding Group Llc -- None Available
Miller John G $530,000 Landmark Ttl Assurance Agcy
The Hancock Family Ltd Partnership -- --
Hancock Daniel G $250,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller John G $450,500
Previous Owner Hancock Daniel G $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2019 06/28/19 Sold $530,000 -3.6% $161 / Sq Ft
03/22/2019 03/22/19 Pending -- -- --
11/21/2018 11/21/18 For Sale $549,777 -- $167 / 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 $6,037 $58,807 -- --
2024 $6,089 $57,757 -- --
2023 $6,089 $57,885 $19,159 $38,726
2022 $6,206 $55,563 $18,690 $36,873
2021 $6,509 $57,438 $19,224 $38,214
2020 $6,308 $57,276 $18,324 $38,952
2019 $6,316 $56,322 $17,460 $38,862
2018 $6,109 $60,012 $21,924 $38,088
2017 $5,855 $60,408 $21,924 $38,484
2016 $5,758 $51,876 $16,236 $35,640
2015 $5,480 $45,936 $13,431 $32,505
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5849685

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-22-040