NOT LISTED FOR SALE

1102 N 3rd St Unit 8 Phoenix, AZ 85004

Downtown Phoenix Neighborhood

Estimated Value: $23,067,400

0.37 Acre
$62,344,324 Price per Acre
16,125 Sq Ft Lot

Sale Details

Date Sold: November 11, 2014

Last sale price $535,000

Est. 4,212% increase in value since last sale

Current estimated payment $150,287 / mo

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

  • 16,125 Sq Ft 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

0.37 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
Bought by
Current Estimated Value
$23,067,400

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
0.0635%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2018
Sold by
Bought by

Purchase Details

Closed on
Aug 4, 2017
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
$450,000
Interest Rate
0.039%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 12, 2013
Closed on
Nov 13, 2014
Sold by
Bought by
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
37.83%

Purchase Details

Closed on
Mar 3, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 11, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 2009
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
0.0499%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2006
Sold by
Bought by

Purchase Details

Closed on
Feb 28, 2001
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
$23,200,000 First American Title
$1,000,000 First American Title
$750,000 First American Title
$535,000 First American Title Ins Co
$210,000 None Available
-- None Available
-- Security Title Agency
$403,125 Title Mgmt Agency Of Az Llc
$403,125 Title Mgmt Agency Of Az Llc
-- Title Management Agency Of A
-- Title Mgmt Agency Of Az Llc
-- --
-- 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 $13,241,000
Closed $5,000,000
Closed $18,500,000
Previous Owner $17,725,000
Previous Owner $450,000
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
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

    Seller's Agent in 2014

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    112 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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