NOT LISTED FOR SALE

1101 E Indian School Rd Phoenix, AZ 85014

Central City Neighborhood

Estimated Value: $609,333

Studio
-- Bath
2,280 Sq Ft
$267/Sq Ft Est. Value

Sale Details

Date Sold: February 10, 2015

Last sale price $280,000 $123 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $3,646 / mo

64 Days on Market

Highlights

  • Concrete Flooring
  • Longview Elementary School Rated 9+
  • Heat Pump System

About This Home

As of February 2015

Great investment in Phoenix. Free standing building on an extremely busy Indian School RD. Lease with current business is up in October 2014 but he is willing to renew. Drive by only.

Last Agent to Sell the Property

Nick Arekat

Compass License #SA522994000 Listed on: 10/13/2014

Last Buyer's Agent

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,498

Year Built

  • Built in 1964

Lot Details

  • 6,753 Sq Ft Lot
  • Chain Link Fence
  • Property is zoned C-2

Home Design

  • Metal Roof
  • Block Exterior

Interior Spaces

  • 2,280 Sq Ft Home
  • Concrete Flooring

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Public Parking
  • Paved Parking

Utilities

  • Heat Pump System

Community Details

  • Operating Expense $3,498
  • Gross Income $24,000

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 118-03-005

Property Details

Property Type

Other

Est. Annual Taxes

$3,498

Year Built

Built in 1964

Lot Details

6,753 Sq Ft Lot

Listing Details

  • Cross Street: 11TH STREET/INDIAN SCHOOL
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2013
  • Lot Size Acres: 0.16
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 2280.0

Exterior Features

  • Fencing: Chain Link
  • Disclosures: None
  • Construction Type: Block
  • Roof: Metal
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Public Parking
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Electric
  • Green Building Features: Physcl Chlgd (SRmks)
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Physcl Chlgd (SRmks): Yes

Lot Info

  • Lot Size Sq Ft: 6753.0
  • Parcel #: 118-03-005
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 24000.0
  • Annual Operating Expense: 3498.0

Tax Info

  • Tax Annual Amount: 3498.0
  • Tax Book Number: 118.00
  • Tax Lot: 1
  • Tax Map Number: 3.00

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
Oct 13, 2014
Closed on
Feb 2, 2015
Sold by
Bought by
Seller's Agent
Nick Arekat
Compass
Buyer's Agent
Don Mortensen
LRA Real Estate Group, LLC
List Price
$299,999
Sold Price
$280,000
Premium/Discount to List
-$19,999
-6.67%
Current Estimated Value
$609,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,333
Avg. Annual Appreciation
7.01%

Purchase Details

Closed on
May 13, 2010
Sold by
Bought by

Purchase Details

Closed on
Dec 31, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.06%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 11, 2002
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$280,000 Old Republic Title Agency
-- Lawyers Title Of Arizona Inc
$315,000 Security Title Agency
-- Security Title Agency
-- --
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 $250,000
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
02/10/2015 02/10/15 Sold $280,000 -6.7% $123 / Sq Ft
12/16/2014 12/16/14 Pending -- -- --
10/13/2014 10/13/14 For Sale $299,999 -- $132 / 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 $3,916 $30,152
2024 $3,884 $29,614
2023 $3,884 $38,522 $20,638 $17,884
2022 $3,976 $37,083 $20,633 $16,450
2021 $4,159 $37,710 $21,222 $16,488
2020 $4,054 $33,534 $17,226 $16,308
2019 $3,878 $28,656 $12,816 $15,840
2018 $3,749 $27,234 $11,862 $15,372
2017 $3,442 $28,170 $12,366 $15,804
2016 $3,321 $25,794 $11,556 $14,238
2015 $3,173 $23,014 $11,544 $11,470
Source: Public Records

Agents Affiliated with this Home

  • Nick Arekat

    Seller's Agent in 2015

    Nick Arekat

    Compass

    (602) 321-2084

    156 Total Sales

    Nick Arekat
    Section Image
  • Don Mortensen

    Buyer's Agent in 2015

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    113 Total Sales

    Don Mortensen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5184932

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-03-005B

Arizona Maricopa County Phoenix 85014 Central City

1101 E Indian School Rd, Phoenix, 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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