NOT LISTED FOR SALE

1102 N 3rd St Unit 8 Phoenix, AZ 85004

Downtown Phoenix Neighborhood

Estimated Value: $22,918,080

0.37 Acre
$61,940,757 Price per Acre
16,117 Sq Ft Lot

Last Sold November 11, 2014

Last sale price $535,000

Est. 4,184% increase in value since last sale

Current estimated payment $144,771/month

397 Days on Market

Highlights

  • The property is located in a historic district
  • 5-minute walk to Roosevelt/Central Ave
  • 0.37 Acre Lot
  • Phoenix Coding Academy Rated A
  • City Lights View
  • No HOA

About This Lot

As of November 2014

Downtown Phoenix Development opportunity. Commercial Corner lot located close to the Portland light rail station. CDT Zoning provides for many potential uses. Lot has high visibility, easy freeway access, One block from Roosevelt Point, Artisan Village, Canvas and many other new developments.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 08/12/2013

Last Buyer's Agent

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 08/12/2013

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,827

Lot Details

  • 0.37 Acre Lot
  • Property is zoned CDT

Property Views

  • City Lights
  • Mountain

Additional Features

  • North or South Exposure
  • The property is located in a historic district

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 111-36-064

Property Details

Property Type

Land

Est. Annual Taxes

$6,827

Lot Details

0

Listing Details

  • Cross Street: Portland and 3rd St
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: CDT
  • Tax Year: 2012
  • Directions: I-10 West to 7th Street, South to Roosevelt, West to 3rd St, corner of Portland and 3rd
  • Lot Size Acres: 0.37
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Retail, Multi-Family, Commercial, Industrial

Exterior Features

  • Lot Features: Historic District, City Light View(s), Mountain View(s), North/South Exp
  • Disclosures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: IRR
  • Lot Size Sq Ft: 16125.0
  • Additional Parcels: No
  • Parcel #: 111-36-064
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6827.0
  • Tax Book Number: 111.00
  • Tax Lot: 8
  • Tax Map Number: 36.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2024
Sold by
Ro2 Cam Llc
Bought by
Dt Phx Lodging Llc
Current Estimated Value
$22,918,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,500,000
Outstanding Balance
$18,305,513
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$4,955,443

Purchase Details

Closed on
May 1, 2018
Sold by
True North Holdings Llc
Bought by
Ro2 Cam Llc

Purchase Details

Closed on
Aug 4, 2017
Sold by
Eq Third And Portland Llc
Bought by
True North Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 12, 2013
Closed on
Nov 13, 2014
Sold by
Saral Invespro Inc
Bought by
Eq Third & Portland Llc
Seller's Agent
Don Mortensen
LRA Real Estate Group, LLC
Buyer's Agent
Don Mortensen
LRA Real Estate Group, LLC
List Price
$500,000
Sold Price
$535,000
Premium/Discount to List
$35,000
7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.08%

Purchase Details

Closed on
Mar 3, 2010
Sold by
Williams Leslie C
Bought by
Saral Invespro Inc

Purchase Details

Closed on
Jan 11, 2010
Sold by
Williams Leslie C
Bought by
Diversified Realty & Management Llc

Purchase Details

Closed on
Apr 28, 2009
Sold by
Diversified Realty & Management Llc
Bought by
Williams Leslie C

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
4.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2006
Sold by
Butler Brian H
Bought by
Diversified Realty & Management Llc

Purchase Details

Closed on
Feb 28, 2001
Sold by
Butler Brien H
Bought by
Butler Brien H
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Dt Phx Lodging Llc $23,200,000 First American Title
Ro2 Cam Llc $1,000,000 First American Title
True North Holdings Llc $750,000 First American Title
Eq Third & Portland Llc $535,000 First American Title Ins Co
Saral Invespro Inc $210,000 None Available
Diversified Realty & Management Llc -- None Available
Williams Leslie C -- Security Title Agency
Diversified Realty & Management Llc -- Title Mgmt Agency Of Az Llc
Diversified Realty & Management Llc -- Title Management Agency Of A
Diversified Realty & Management Llc $403,125 Title Mgmt Agency Of Az Llc
Diversified Realty & Management Llc $403,125 Title Mgmt Agency Of Az Llc
Butler Brien H -- Title Management Agency
Butler Brien H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dt Phx Lodging Llc $18,500,000
Previous Owner True North Holdings Llc $450,000
Previous Owner Williams Leslie C $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2014 11/11/14 Sold $535,000 +7.0% --
09/13/2014 09/13/14 Pending -- -- --
08/12/2013 08/12/13 For Sale $500,000 -- --
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 $283,471 $1,995,543 -- --
2024 $280,790 $1,959,908 -- --
2023 $280,790 $2,752,436 $228,735 $2,523,701
2022 $278,780 $2,565,203 $175,963 $2,389,240
2021 $284,586 $2,565,216 $180,990 $2,384,226
2020 $225,574 $1,888,128 $134,424 $1,753,704
2019 $9,522 $104,685 $104,685 $0
2018 $9,360 $86,370 $86,370 $0
2017 $9,142 $89,970 $89,970 $0
2016 $8,880 $84,075 $84,075 $0
2015 $8,765 $62,920 $62,920 $0
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2014

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    119 Total Sales

    Don Mortensen
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4981955

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-36-064

Arizona Maricopa County Phoenix 85004 Downtown Phoenix

1102 N 3rd St Unit 8, Phoenix, AZ

This home is located at 1102 N 3rd St Unit 8, Phoenix, AZ 85004 since 12 August 2013 and is currently estimated at $22,918,080. 1102 N 3rd St Unit 8 is a home located in Maricopa County with nearby schools including Emerson Elementary School, Phoenix Coding Academy, and Central 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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