NOT LISTED FOR SALE

1110 E Washington St Phoenix, AZ 85034

Garfield Neighborhood

Estimated Value: $1,835,283

Studio
-- Bath
4,025 Sq Ft
$456/Sq Ft Est. Value

Sale Details

Date Sold: June 27, 2024

Last sale price $1,925,000 $478 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $11,387 / mo

26 Days on Market

About This Home

As of June 2024

Rare Opportunity to Acquire a Turn-Key Newly Renovated Restaurant including all FF&E in Downtown Phoenix. The property underwent an extensive renovation in 2020
totaling well over $1,000,000 including new electrical, sewer, duct work, kitchen,
etc. Recipient of the 2021 Governor's Heritage Preservation Honor Award, the
building's exterior was tastefully preserved while renovating the interior with
modern yet timeless high-end finishes. Located on Washington St in Downtown
Phoenix, the Light Rail offers excellent access to the property for both customers
and employees.

Last Agent to Sell the Property

Jim Lieberthal

Cutler Commercial License #BR516852000 Listed on: 04/19/2024

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $17,177

Year Built

  • Built in 1950

Lot Details

  • 12,250 Sq Ft Lot
  • Property is zoned WU

Home Design

  • 4,025 Sq Ft Home
  • Brick Exterior Construction
  • Block Exterior

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Community Details

  • Operating Expense $17,177

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 116-43-066

Property Details

Property Type

Other

Est. Annual Taxes

$17,177

Year Built

Built in 1950

Lot Details

0.28 Acres

Listing Details

  • Property Type: Comm/Industry Sale
  • Zoning: WU
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2023
  • Lot Size Acres: 0.28
  • Structure Type: Commercial
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 4025.0

Exterior Features

  • Fencing: Other
  • Disclosures: Other (See Remarks)
  • Construction Type: Block, Brick
  • Roof: See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks)
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other
  • Heating: Other
  • Water Source: Other
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 12250.0
  • Parcel #: 116-43-066
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 17177.0

Tax Info

  • Tax Annual Amount: 17177.0
  • Tax Book Number: 116.00
  • Tax Lot: 1
  • Tax Map Number: 43.00

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

Listed on
Apr 19, 2024
Closed on
Jun 27, 2024
Sold by
Bought by
Seller's Agent
Jim Lieberthal
Cutler Commercial
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$2,000,000
Sold Price
$1,925,000
Premium/Discount to List
-$75,000
-3.75%
Views
18
Current Estimated Value
$1,835,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$89,717
Avg. Annual Appreciation
-2.43%

Purchase Details

Closed on
Apr 2, 2019
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
$16,800,200
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2016
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
$100,000
Interest Rate
3.57%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 23, 1999
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
$150,000
Interest Rate
7.2%
Mortgage Type
Commercial
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
$1,925,000 First American Title
$527,500 Old Republic Title Agency
$375,000 Old Republic Title Agency
-- Chicago Title Insurance Co
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
Previous Owner $16,800,200
Previous Owner $100,000
Previous Owner $150,000
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
06/27/2024 06/27/24 Sold $1,925,000 -3.8% $478 / Sq Ft
04/19/2024 04/19/24 For Sale $2,000,000 -- $497 / Sq Ft
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 $17,342 $122,082 -- --
2024 $17,178 $119,902 -- --
2023 $17,178 $166,821 $34,578 $132,243
2022 $17,055 $158,008 $35,105 $122,903
2021 $6,603 $61,038 $36,108 $24,930
2020 $6,680 $59,688 $34,560 $25,128
2019 $6,668 $57,186 $32,310 $24,876
2018 $6,555 $43,722 $15,408 $28,314
2017 $6,402 $43,362 $16,056 $27,306
2016 $6,219 $39,636 $14,598 $25,038
2015 $5,914 $34,688 $14,615 $20,073
Source: Public Records

Agents Affiliated with this Home

  • Jim Lieberthal

    Seller's Agent in 2024

    Jim Lieberthal

    Cutler Commercial

    (480) 427-1002

    1 in this area

    70 Total Sales

    Jim Lieberthal
    Section Image

  • N

    Buyer's Agent in 2024

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6693982

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-43-066

Arizona Maricopa County Phoenix 85034 Garfield

1110 E Washington St, 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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