NOT LISTED FOR SALE

11111 N Scottsdale Rd Unit 225 Scottsdale, AZ 85254

Estimated Value: $788,018

-- Bed
-- Bath
38,891 Sq Ft
$20/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $1,510,000 $39 Per Sq Ft

Est. 48% decrease in value since last sale

Current estimated payment $4,541/month

40 Days on Market

Highlights

  • Cooling Available
  • Sequoya Elementary School Rated A
  • Heating Available

About This Home

As of November 2020

• Sale/Leaseback Investment Opportunity
• Purchase Price: $1,575,822
• Office - 10 Year Lease Term executed at close
• NNN Lease
• $24.00 PSF NNN Rent
• 3% Annual Increases
• Full Corporate Guarantee
• Approximately 4,432 SF
• Great Scottsdale Location Near Shopping & Restaurant Amenities & High Demographic Neighborhoods

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 08/20/2020

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,530

Year Built

  • Built in 2014

Lot Details

  • 1,986 Sq Ft Lot
  • Property is zoned C-O

Home Design

  • 38,891 Sq Ft Home

Parking

  • 16 Open Parking Spaces
  • 18 Parking Spaces
  • 2 Covered Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Sonoran Office Plaza Condominium Subdivision
  • Operating Expense $4,530

Listing and Financial Details

  • Tax Lot 225
  • Assessor Parcel Number 175-34-034

Property Details

Property Type

Other

Est. Annual Taxes

$4,530

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Cross Street: N Scottsdale Rd & E Shea Blvd
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: C-O
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 2014
  • Tax Year: 2019
  • Lot Size Acres: 0.05
  • Subdivision Name: SONORAN OFFICE PLAZA CONDOMINIUM
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 38891.0

Exterior Features

  • Fencing: None
  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 18.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 1986.0
  • Parcel #: 175-34-034
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 4530.0
  • Leasable Area: 4423.0

Tax Info

  • Tax Annual Amount: 4530.0
  • Tax Book Number: 175.00
  • Tax Lot: 225
  • Tax Map Number: 34.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2022
Sold by
Levin Family Holdings Llc
Bought by
Rideout Law Pllc
Current Estimated Value
$788,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$570,707
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$205,687

Purchase Details

Listed on
Aug 20, 2020
Closed on
Nov 17, 2020
Sold by
David Blase Stone & Holder Pllc
Bought by
Levin Family Holdings Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,575,822
Sold Price
$1,510,000
Premium/Discount to List
-$65,822
-4.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.84%
Original Mortgage
$981,500
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 2015
Sold by
David Faas & Blase Pllc
Bought by
Davis Limited P Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2015
Sold by
David Faas Blase Pllc
Bought by
Davis Limited Pllc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 31, 2012
Sold by
Conky Llc
Bought by
Davis Limited Lawyers P Llc

Purchase Details

Closed on
Jun 13, 2007
Sold by
Jhj Real Estate Development Llc
Bought by
Conky Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,700
Interest Rate
6.21%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Rideout Law Pllc $800,000 Chicago Title
Levin Family Holdings Llc $1,510,000 Grand Canyon Title Agency
Davis Faas & Blase Pllc -- Grand Canyon Title Agency
Davis Limited P Llc -- Fidelity Natl Title Agency
Davis Limited Pllc -- None Available
David Faas Blase Pllc -- None Available
Davis Faas Blase Pllc -- None Available
Davis Limited Lawyers P Llc -- None Available
Conky Llc $459,305 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rideout Law Pllc $600,000
Previous Owner Levin Family Holdings Llc $981,500
Previous Owner Davis Limited P Llc $272,000
Previous Owner Conky Llc $365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2020 11/30/20 Sold $1,510,000 -4.2% $39 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
08/20/2020 08/20/20 For Sale $1,575,822 -- $41 / 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 $4,357 $62,448 -- --
2024 $4,437 $61,333 -- --
2023 $4,437 $79,985 $15,997 $63,988
2022 $4,334 $72,941 $14,578 $58,363
2021 $4,736 $73,458 $14,688 $58,770
2020 $4,695 $70,866 $14,166 $56,700
2019 $4,530 $65,430 $13,086 $52,344
2018 $4,387 $59,400 $11,880 $47,520
2017 $4,201 $56,718 $11,340 $45,378
2016 $4,120 $56,268 $11,250 $45,018
2015 $4,030 $51,486 $10,286 $41,200
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tanner Milne

    The Menlo Group Commercial Real Estate

    Section Image

  • N

    Buyer's Agent in 2020

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6120088

Arizona Regional Multiple Listing Service (ARMLS)

APN: 175-34-034

Arizona Maricopa County Scottsdale 85254

11111 N Scottsdale Rd Unit 225, Scottsdale, AZ

This home is located at 11111 N Scottsdale Rd Unit 225, Scottsdale, AZ 85254 since 20 August 2020 and is currently estimated at $788,018, approximately $20 per square foot. This property was built in 2014. 11111 N Scottsdale Rd Unit 225 is a home located in Maricopa County with nearby schools including Sequoya Elementary School, Cocopah Middle School, and Chaparral High School.

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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