NOT LISTED FOR SALE

1102 N 3rd St Unit 8 Phoenix, AZ 85004

Downtown Phoenix Neighborhood

Estimated Value: $22,994,610

0.37 Acre
$62,147,595 Price per Acre
16,125 Sq Ft Lot

Sale Details

Date Sold: November 11, 2014

Last sale price $535,000

Est. 4,198% increase in value since last sale

Current estimated payment $151,107 / mo

397 Days on Market

Highlights

  • 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

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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,827

Lot Details

  • 16,125 Sq Ft Lot
  • Property is zoned CDT

Property Views

  • City Lights
  • Mountain

Additional Features

  • North or South Exposure
  • 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

0.37 Acres

Listing Details

  • Cross Street: Portland and 3rd St
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: CDT
  • Tax Year: 2012
  • 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

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

Closed on
Oct 15, 2024
Sold by
Ro2 Cam Llc
Bought by
Current Estimated Value
$22,994,610

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
Interest Rate
6.35%
Mortgage Type
New Conventional

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
37.31%

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 Brien H and Butler Ben A
Bought by
Diversified Realty & Management Llc

Purchase Details

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Phoenix, AZ

  • Craig Bennett Real Estate Agent - Russ Lyon Sotheby's International Realty

    Craig Bennett

    Russ Lyon Sotheby's International Realty

    (623) 253-8583

    51 Total Sales

    2 in Downtown Phoenix

    $400K - $550K Price Range

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  • Sean O'Carroll Real Estate Agent - Citiea

    Sean O'Carroll

    Citiea

    (888) 597-5034

    191 Total Sales

    1 in Downtown Phoenix

    $849,000 Price

    Sean O'Carroll
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  • Christine Bastian Real Estate Agent - Berkshire Hathaway HomeServices Arizona Properties

    Christine Bastian

    Berkshire Hathaway HomeServices Arizona Properties

    (623) 404-8978

    23 Total Sales

    1 in Downtown Phoenix

    $310,000 Price

    Christine Bastian
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  • Jasson Dellacroce Real Estate Agent - My Home Group Real Estate

    Jasson Dellacroce

    My Home Group Real Estate

    (623) 263-3610

    182 Total Sales

    1 in Downtown Phoenix

    $445,000 Price

    Jasson Dellacroce
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  • Nicholas Yale Real Estate Agent - Brokers Hub Realty, LLC

    Nicholas Yale

    Responds Quickly

    Brokers Hub Realty, LLC

    (888) 568-1365

    168 Total Sales

    21 in Downtown Phoenix

    $360K - $1.6M Price Range

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  • Lee Fisher Real Estate Agent - L.A. Fisher Real Estate Investment Company

    Lee Fisher

    L.A. Fisher Real Estate Investment Company

    (855) 945-4243

    46 Total Sales

    1 in Downtown Phoenix

    $305,000 Price

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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
$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 $403,125 Title Mgmt Agency Of Az Llc
Diversified Realty & Management Llc $403,125 Title Mgmt Agency Of Az Llc
Diversified Realty & Management Llc -- Title Management Agency Of A
Diversified Realty & Management Llc -- Title Mgmt Agency Of Az Llc
Butler Brien H -- --
Butler Brien H -- Title Management 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
Open $4,889,000
Open Dt Phx Lodging Llc $13,241,000
Closed Dt Phx Lodging Llc $5,000,000
Closed Dt Phx Lodging Llc $18,500,000
Previous Owner Ro2 Cam Llc $17,725,000
Previous Owner True North Holdings Llc $450,000
Previous Owner Williams Leslie C $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
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

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 $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 Real Estate Agent - LRA Real Estate Group, LLC

    Seller's Agent in 2014

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    110 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

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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