111 E Southern Ave Phoenix, AZ 85040
South Mountain NeighborhoodEstimated payment $9,893/month
Highlights
- 2.82 Acre Lot
- No HOA
- Level Lot
- Phoenix Coding Academy Rated A
About This Lot
GREAT OPPORUNITY AWAITS!! Seller will carry with substantial down payment. This nearly 3-acre lot is ready for development! Only 10 minutes from downtown Phx and just steps away from the Light Rail!! Currently zoned as R-5. It's ready for your ideas to take shape. Development could include apartments, asst living facilities, dependent care homes,etc.. In a planned residential development, approximately 120 units could be created. Phoenix has an on-going effort to develop the South-Central Transit Overlay District (TOD).More information about the TOD and additional uses are in the documents tab. It also has three incentive zones on it - DDA & QCT for qualifying for HUD grants, and an Opportunity zone. (See photos) The property could potentially be rezoned to C-2, which would allow for Dispensaries, Self or RV/Boat Storage, etc. There is water and sewer to the property. The site will be cleared in approximately 2 months. No access to the property from the south end. Please see the documents tabs for more information..
Listing Agent
My Home Group Real Estate Brokerage Email: roxygirlsonfireaz@gmail.com License #SA669207000 Listed on: 06/02/2025
Co-Listing Agent
My Home Group Real Estate Brokerage Email: roxygirlsonfireaz@gmail.com License #SA520713000
Property Details
Property Type
- Land
Est. Annual Taxes
- $13,403
Lot Details
- 2.82 Acre Lot
- Level Lot
- Property is zoned R5
Schools
- Roosevelt Elementary School
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 114-02-049
Map
Home Values in the Area
Average Home Value in this Area
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 | $13,639 | $90,457 | -- | -- |
| 2024 | $13,403 | $87,503 | -- | -- |
| 2023 | $13,403 | $165,644 | $100,704 | $64,940 |
| 2022 | $13,498 | $122,539 | $63,109 | $59,430 |
| 2021 | $14,022 | $122,996 | $63,614 | $59,382 |
| 2020 | $13,849 | $118,123 | $59,047 | $59,076 |
| 2019 | $13,641 | $86,924 | $30,728 | $56,196 |
| 2018 | $13,351 | $82,100 | $28,460 | $53,640 |
| 2017 | $12,577 | $71,690 | $29,642 | $42,048 |
| 2016 | $11,962 | $67,142 | $27,704 | $39,438 |
| 2015 | $11,646 | $63,135 | $29,243 | $33,892 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/07/2025 12/07/25 | Price Changed | $1,675,000 | -4.3% | -- |
| 06/17/2025 06/17/25 | Price Changed | $1,750,000 | -12.1% | -- |
| 06/02/2025 06/02/25 | For Sale | $1,990,000 | 0.0% | -- |
| 03/13/2025 03/13/25 | Pending | -- | -- | -- |
| 11/21/2024 11/21/24 | Price Changed | $1,990,000 | -9.5% | -- |
| 07/17/2024 07/17/24 | For Sale | $2,200,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Chicago Title Insurance Co | |
| Warranty Deed | $550,000 | Chicago Title Insurance Co | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | $138,900 | Chicago Title Insurance Co | |
| Deed In Lieu Of Foreclosure | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $350,000 | Commercial | |
| Previous Owner | $109,900 | Seller Take Back |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6732075
APN: 114-02-049
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.
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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