NOT LISTED FOR SALE

10841 S 48th St Phoenix, AZ 85044

Ahwatukee Neighborhood

Estimated Value: $2,551,126

-- Bed
-- Bath
8,041 Sq Ft
$317/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $1,147,500 $143 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $14,749/month

16 Days on Market

Highlights

  • 0.7 Acre Lot
  • Community Kitchen
  • Heating Available
  • Wood Flooring
  • Central Air

About This Home

As of July 2014

EXCELLENT 10.36% CAP RATE! TRIPLE NET TENANT IN PLACE! EASY OWNERSHIP! WORKS WELL FOR ANY OWNER WHO WANTS VERY LITTLE INVOLVEMENT! THIS IS A HIGH QUALITY INVESTMENT OPPORTUNITY!. Long term daycare tenant for over 12 years. Two years remaining on lease and would like to stay. Great demographics supports continued success. Roof resurfaced in 2014. High quality condition. Additional 26 parking spaces if playground is removed.

Last Agent to Sell the Property

Diane Sutherland

Realty ONE Group License #SA635385000 Listed on: 05/10/2014

Co-Listed By

Lane Dixon

Realty ONE Group License #SA104994000

Last Buyer's Agent

Anand Sabapathy

DeLex Realty License #SA561221000

DeLex Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,109

Year Built

  • Built in 1998

Lot Details

  • 0.7 Acre Lot
  • Property is zoned C2

Home Design

  • 8,041 Sq Ft Home
  • Built-Up Roof
  • Block Exterior

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 13 Open Parking Spaces
  • 13 Parking Spaces
  • Public Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 301-54-797

Community Details

Building Details

  • Operating Expense $12,109
  • Gross Income $114,000
  • Net Operating Income $114,000

Additional Features

  • Ahwatukee Care Center Replat Subdivision
  • Community Kitchen

Property Details

Property Type

Other

Est. Annual Taxes

$12,109

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Cross Street: East Elliott Rd & South 48th Street
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: C2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1998
  • Tax Year: 2013
  • Directions: I-10 to Elliott Rd, east to 48th St, south to property on the east side.
  • Lot Size Acres: 0.7
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: reog01
  • Co List Office Phone: 480-315-1240
  • Subdivision Name: Ahwatukee Care Center Replat
  • Structure Type: Commercial
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood, Concrete
  • Living Area: 8041.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Public Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 13.0
  • Total Parking Spaces: 13.0
  • General Property Description:Uncvrd Parking Spcs: 13.0
  • General Property Description:Total Parking Spcs: 13.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Kitchen
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes

Lot Info

  • Lot Size Sq Ft: 30665.0
  • Parcel #: 301-54-797
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 114000.0
  • Property Net Operating Income: 114000.0
  • Annual Operating Expense: 12109.0

Tax Info

  • Tax Annual Amount: 12109.0
  • Tax Book Number: 301.00
  • Tax Lot: 3
  • Tax Map Number: 54.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2017
Sold by
Seven Hills Investments Llc
Bought by
Deerwood Acquisitions Utah Llc
Current Estimated Value
$2,551,126

Purchase Details

Listed on
May 10, 2014
Closed on
Jul 22, 2014
Sold by
Pekrys Investments Llc
Bought by
Seven Hills Investments Llc
Seller's Agent
Diane Sutherland
Realty ONE Group
Buyer's Agent
Anand Sabapathy
DeLex Realty
List Price
$1,100,000
Sold Price
$1,147,500
Premium/Discount to List
$47,500
4.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%

Purchase Details

Closed on
Aug 25, 2006
Sold by
Szczepankiewicz Peter
Bought by
Pekrys Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$724,000
Interest Rate
6.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2003
Sold by
Lundberg Barbara A
Bought by
Lundberg David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$718,000
Interest Rate
6.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 2003
Sold by
Lundberg David
Bought by
Good Faith Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$718,000
Interest Rate
6.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2002
Sold by
Good Faith Properties Llc
Bought by
Szczepankiewicz Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$724,000
Interest Rate
6.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 22, 2000
Sold by
Guidance Investors Ltd Partnership
Bought by
Sk Holdings Llc

Purchase Details

Closed on
Jan 2, 1996
Sold by
Rosholm Jacque R
Bought by
Guidance Investors Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
7.18%
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
Deerwood Acquisitions Utah Llc $1,495,000 Chicago Title Agency Inc
Seven Hills Investments Llc $1,147,500 Lawyers Title Of Arizona Inc
Pekrys Investments Llc -- Chicago Title Insurance Co
Szczepankiewicz Peter -- Chicago Title Insurance Co
Lundberg David -- Fidelity National Title
Good Faith Properties Llc $725,000 Fidelity National Title
Lundberg David $690,400 Fidelity National Title
Szczepankiewicz Peter $1,340,000 Chicago Title Insurance Co
Sk Holdings Llc -- --
Guidance Investors Ltd Partnership $285,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Szczepankiewicz Peter $724,000
Previous Owner Good Faith Properties Llc $718,000
Previous Owner Szczepankiewicz Peter $724,000
Previous Owner Guidance Investors Ltd Partnership $242,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2014 07/31/14 Sold $1,147,500 +4.3% $143 / Sq Ft
05/23/2014 05/23/14 Pending -- -- --
05/07/2014 05/07/14 For Sale $1,100,000 -- $137 / 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 $14,673 $143,349 -- --
2024 $14,383 $136,523 -- --
2023 $14,383 $173,460 $84,050 $89,410
2022 $13,768 $123,830 $44,260 $79,570
2021 $14,780 $123,560 $44,260 $79,300
2020 $14,438 $123,920 $43,350 $80,570
2019 $14,009 $126,330 $47,660 $78,670
2018 $13,576 $120,030 $42,270 $77,760
2017 $13,006 $111,800 $39,140 $72,660
2016 $13,114 $102,670 $34,640 $68,030
2015 $11,772 $98,510 $39,070 $59,440
Source: Public Records

Agents Affiliated with this Home

  • Diane Sutherland

    Seller's Agent in 2014

    Diane Sutherland

    Realty One Group

    (602) 999-9100

    22 Total Sales

    Diane Sutherland
    Section Image
  • Lane Dixon

    Seller Co-Listing Agent in 2014

    Lane Dixon

    Realty One Group

    (602) 292-8373

    17 Total Sales

    Lane Dixon
    Section Image
  • Anand Sabapathy

    Buyer's Agent in 2014

    Anand Sabapathy

    DeLex Realty

    (480) 332-0830

    1 Total Sale

    Anand Sabapathy
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5113646

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-54-797

Arizona Maricopa County Phoenix 85044 Ahwatukee

10841 S 48th St, Phoenix, AZ

This home is located at 10841 S 48th St, Phoenix, AZ 85044 since 10 May 2014 and is currently estimated at $2,551,126, approximately $317 per square foot. This property was built in 1998. 10841 S 48th St is a home located in Maricopa County with nearby schools including Kyrene de las Lomas School, Kyrene Centennial Middle School, and Mountain Pointe High School.

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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