NOT LISTED FOR SALE

1102 W Mcdowell Rd Phoenix, AZ 85007

Encanto-Palmcroft Neighborhood

Estimated Value: $502,000

Studio
-- Bath
1,939 Sq Ft
$259/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $3,750 $2 Per Sq Ft

Est. 13,287% increase in value since last sale

Current estimated payment $3,001/month

36 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Central Air

About This Home

As of April 2021

Beautifully remodeled office, live-work building centrally located along W McDowell Rd. The building features ample parking with great visibility and access from McDowell Rd as well as a monument sign with space for your business name/logo. The property is comprised of two suites each with a full kitchen and bathroom with shower. The central location makes it easy to access from anywhere in the valley. Plethora of amenities nearby including restaurants/coffee shops such as Little O's, Pei Wei, and Starbucks within walking distance. One suite has a large open area and 4 private offices. The second space has a large open area and 3 private offices.

Last Agent to Sell the Property

Bryan Mortensen

LRA Real Estate Group, LLC License #BR648243000 Listed on: 02/25/2021

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 1948

Lot Details

  • 8,450 Sq Ft Lot
  • Property is zoned R-5

Home Design

  • 1,939 Sq Ft Home
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces
  • Paved Parking

Utilities

  • Central Air

Community Details

  • Palmcroft Subdivision

Listing and Financial Details

  • Property Available on 2/24/21
  • Tenant pays for trash collection, electricity, water, sewer, liability insurance, parking area maint
  • The owner pays for property taxes, exterior maint
  • Tax Lot 124
  • Assessor Parcel Number 111-08-001

Property Details

Property Type

Other

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: N 11th Ave & W McDowell Rd
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Lease
  • Zoning: R-5
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 44880.0
  • Lease Info Annual Lse Prc P S F: 23.62
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 2-3
  • Lease Info Space Divisible: Yes
  • Year Built: 1948
  • Tax Year: 2020
  • Lot Size Acres: 0.19
  • Subdivision Name: PALMCROFT
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1939.0

Exterior Features

  • Disclosures: None
  • Construction Type: Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:Paved Parking: Yes
  • Tenant Pays:Parking Area Maint: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Water Source: City Franchise

Lot Info

  • Lot Size Sq Ft: 8450.0
  • Additional Parcels: No
  • Parcel #: 111-08-001
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2021-02-24

Multi Family

  • Owner Pays: Property Taxes, Exterior Maint
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Liability Insurance, Parking Area Maint
  • Existing Lease Type: Gross, Modified Terms
  • Leasable Area: 1900.0

Tax Info

  • Tax Annual Amount: 4583.0
  • Tax Book Number: 111.00
  • Tax Lot: 124
  • Tax Map Number: 8.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2020
Sold by
Satz Co
Bought by
Palmcroft 1102 Llc
Current Estimated Value
$502,000
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

Date Buyer Sale Price Title Company
Palmcroft 1102 Llc $330,000 Landmark Ttl Assurance Agcy
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2021 04/01/21 Sold $3,750 +0.3% $2 / Sq Ft
02/24/2021 02/24/21 For Sale $3,740 -- $2 / 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 $4,513 $31,771 -- --
2024 $4,471 $31,204 -- --
2023 $4,471 $50,337 $29,835 $20,502
2022 $4,438 $42,718 $21,753 $20,965
2021 $4,531 $40,158 $22,374 $17,784
2020 $4,583 $38,736 $20,646 $18,090
2019 $4,576 $36,468 $15,984 $20,484
2018 $4,498 $32,004 $14,796 $17,208
2017 $4,393 $28,998 $15,408 $13,590
2016 $4,267 $23,040 $14,400 $8,640
2015 $4,088 $22,719 $14,523 $8,196
Source: Public Records

Agents Affiliated with this Home

  • Bryan Mortensen

    Seller's Agent in 2021

    Bryan Mortensen

    LRA Real Estate Group, LLC

    (602) 509-4835

    1 in this area

    91 Total Sales

    Bryan Mortensen
    Section Image

  • N

    Buyer's Agent in 2021

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6198709

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-08-001

Arizona Maricopa County Phoenix 85007 Encanto-Palmcroft

1102 W Mcdowell Rd, Phoenix, AZ

Not Listed for Sale

Other

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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