NOT LISTED FOR SALE

1111 N Miller Rd Tempe, AZ 85281

North Tempe Neighborhood

Estimated Value: $2,095,197

Studio
-- Bath
13,409 Sq Ft
$156/Sq Ft Est. Value

Sale Details

Date Sold: August 22, 2014

Last sale price $1,225,000 $91 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $12,756 / mo

160 Days on Market

Highlights

  • Gated Community
  • Corner Lot
  • Security Gate
  • 1.1 Acre Lot
  • Cooling Available
  • 1-Story Property

About This Home

As of August 2014

Location, Location, Location : Scottsdale/Tempe border. Close proximity to airport, freeways and more. 13,000+ of office/warehouse space with 8 bay doors in rear, stand alone building on over 1 acre of land. 8 original suites currently divided into 3 suites with 3 long term tenants. There are two parcels included in this sale, see also APN:132-14-005-V. Fully occupied cash flow property. Do Not Disturb Tenants, No Sign On Property, Drive By Only!

Last Agent to Sell the Property

Brook Miller

RE/MAX Fine Properties License #BR533974000 Listed on: 01/24/2014

RE/MAX Fine Properties

Last Buyer's Agent

Brook Miller

RE/MAX Solutions License #BR533974000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $17,181

Year Built

  • Built in 1987

Lot Details

  • 1.1 Acre Lot
  • Block Wall Fence
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • Property is zoned I1

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Block Exterior

Interior Spaces

  • 13,409 Sq Ft Home
  • 1-Story Property

Home Security

  • Security Gate
  • Fire Sprinkler System

Parking

  • 28 Open Parking Spaces
  • 28 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Separate Meters
  • Underground Utilities
  • 440 Volts
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 132-14-005-R

Community Details

Amenities

  • Private Restrooms
  • Public Restrooms
  • Reception Area

Building Details

  • Operating Expense $20,181
  • Gross Income $112,716
  • Net Operating Income $117,200

Security

  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$17,181

Year Built

Built in 1987

Lot Details

1.1 Acres

Listing Details

  • Cross Street: CURRY ROAD & MILLER ROAD
  • Property Type: Comm/Industry Sale
  • Zoning: I1
  • Bay Info Bay Door Height: 11.0
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2013
  • Lot Size Acres: 1.1
  • Road Surface Type: Asphalt
  • Structure Type: Commercial, Industrial, Manufacturing, Other (See Remarks), Office
  • Tax Parcel Letter: R
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Living Area: 13409.0
  • Stories: 1 Story

Exterior Features

  • Fencing: Block
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Wood Frame
  • Roof: Foam
  • Exterior: Corner Lot, Dual Street Ftg, Sprinkler System-Ground, Landscaping, Building Sign, Monument Sign, Curb(s) & Gutter(s), Sidewalk(s)

Garage/Parking

  • Parking Features: Open, Private, Paved, Parking Lot, Fee
  • Attached Garage: No
  • Open Parking Spaces: 28.0
  • Total Parking Spaces: 28.0

Utilities

  • Electric: SRP, Underground, Individual Meter
  • Cooling: Office A/C, Warehouse Evap, Warehouse Fan(s)
  • Heating: Electric, Natural Gas, Office Heated
  • Security: Fire Sprinklers
  • Green Building Features: Reception Room, Showers - Office, Security Gate
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Lot Info

  • Lot Size Sq Ft: 47698.0
  • Parcel #: 132-14-005-R

Multi Family

  • Electric Expense: 600.0
  • Annual Gross Income: 112716.0
  • Property Net Operating Income: 117200.0
  • Annual Operating Expense: 20181.46
  • Vacancy Allowance Rate: 0.07
  • Leasable Area: 13503.0

Tax Info

  • Tax Annual Amount: 17181.46
  • Tax Book Number: 132.0
  • Tax Lot: 1
  • Tax Map Number: 14.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2019
Sold by
Lfg Management Ii Llc
Bought by
Miller Curry South Llc
Current Estimated Value
$2,095,197

Purchase Details

Closed on
May 9, 2016
Sold by
Gonzalez Francisco
Bought by
Lfg Management Ii Llc

Purchase Details

Listed on
Jan 24, 2014
Closed on
Aug 12, 2014
Sold by
Fen Property Inc
Bought by
Gonzalez Francisco
Seller's Agent
Brook Miller
RE/MAX Fine Properties
Buyer's Agent
Brook Miller
RE/MAX Fine Properties
List Price
$1,400,000
Sold Price
$1,225,000
Premium/Discount to List
-$175,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.72%

Purchase Details

Listed on
Mar 23, 2013
Closed on
Mar 11, 2013
Sold by
Team Verdone Llc
Bought by
Fen Property Inc
Seller's Agent
Tina Jacobson
N & H Realty LLC
Buyer's Agent
Tina Jacobson
N & H Realty LLC
List Price
$1,224
Sold Price
$3,000
Premium/Discount to List
$1,776
145.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9743.31%

Purchase Details

Closed on
Feb 13, 2013
Sold by
First United Bank
Bought by
Team Verdone Llc

Purchase Details

Closed on
Jul 22, 2009
Sold by
R & W Supply Inc
Bought by
First United Bank

Purchase Details

Closed on
Jul 6, 1998
Sold by
Klein Engines & Competition Components
Bought by
R & W Supply Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$674,750
Interest Rate
6.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 1997
Sold by
The Midland Life Insurance Company
Bought by
Klein Engines & Competition Components

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.91%
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

Date Buyer Sale Price Title Company
Miller Curry South Llc $1,300,000 Chicago Title Agency Inc
Lfg Management Ii Llc $1,300,000 Fidelity Natl Title Agency I
Gonzalez Francisco $1,225,000 Clear Title Agency
Fen Property Inc $850,000 Chicago Title Agency Inc
Team Verdone Llc $575,000 Chicago Title Agency Inc
First United Bank $1,200,000 Stewart Title & Trust Of Pho
R & W Supply Inc $735,000 Ati Title Company
Klein Engines & Competition Components $550,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner R & W Supply Inc $674,750
Previous Owner Klein Engines & Competition Components $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/22/2014 08/22/14 Sold $1,225,000 -12.5% $91 / Sq Ft
07/01/2014 07/01/14 Pending -- -- --
01/22/2014 01/22/14 For Sale $1,400,000 +46566.7% $104 / Sq Ft
05/02/2013 05/02/13 Sold $3,000 +145.1% $0 / Sq Ft View Prior Sale
05/02/2013 05/02/13 Pending -- -- --
03/23/2013 03/23/13 For Sale $1,224 -- $0 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $19,773 $164,965 -- --
2024 $19,397 $162,019 -- --
2023 $19,397 $230,095 $105,230 $124,865
2022 $19,154 $213,063 $55,528 $157,535
2021 $19,837 $212,058 $57,114 $154,944
2020 $16,644 $165,402 $56,574 $108,828
2019 $16,328 $161,388 $53,910 $107,478
2018 $15,923 $149,598 $42,462 $107,136
2017 $15,449 $142,236 $39,312 $102,924
2016 $15,340 $128,466 $32,760 $95,706
Source: Public Records

Agents Affiliated with this Home

  • Brook Miller

    Seller's Agent in 2014

    Brook Miller

    RE/MAX

    (602) 391-7164

    119 Total Sales

    Brook Miller
    Section Image

  • T

    Seller's Agent in 2013

    Tina Jacobson

    N & H Realty LLC

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5059149

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-14-005R

Arizona Maricopa County Tempe 85281 North Tempe

1111 N Miller Rd, Tempe, 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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