NOT LISTED FOR SALE

11237 E Riggs Rd Chandler, AZ 85249

South Chandler Neighborhood
Studio
-- Bath
25,234 Sq Ft
5.21 Acres Lot

Sale Details

Date Sold: December 31, 2015

Last sale price $3,150,000 $125 Per Sq Ft

19 Days on Market

Highlights

  • 5.21 Acre Lot
  • Partially Fenced Property
  • Heating Available
  • Fulton Elementary School Rated A

About This Home

As of December 2015

INDUSTRIAL WAREHOUSE PROPERTY FOR SALE WITH SURPLUS LAND!!! Verizon Wireless rents space at the rear end of the yard to keep 4 storage shelters ($80/month) each. Buyer could cancel contract or continue and collect income. Zoning: I-2, Maricopa County. 49 parking spaces. Easy access to SR87 (Arizona Avenue) and I-10. Numerous restaurant and service amenities nearby.

Last Agent to Sell the Property

David Genovese

Avison Young License #BR032969000 Listed on: 10/21/2015

Last Buyer's Agent

David Genovese

Avison Young License #BR032969000 Listed on: 10/21/2015

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $40,149

Year Built

  • Built in 1997

Lot Details

  • 5.21 Acre Lot
  • Partially Fenced Property
  • Property is zoned I-2

Home Design

  • 25,234 Sq Ft Home
  • Wood Frame Construction
  • Metal Siding

Parking

  • 49 Open Parking Spaces
  • 49 Parking Spaces

Utilities

  • Heating Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 303-58-006-Z

Property Details

Property Type

Other

Est. Annual Taxes

$40,149

Year Built

Built in 1997

Lot Details

5.21 Acres

Listing Details

  • Cross Street: E/SEC E. Riggs Roads & S. Arizona Avenue (SR87)
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: I-2
  • Current Use: Office, Warehouse
  • Number Of Buildings: 1
  • Year Built: 1997
  • Tax Year: 2015
  • Lot Size Acres: 5.21
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Structure Type: Industrial, Manufacturing
  • Tax Parcel Letter: Z
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: Partial
  • Construction Type: Frame - Wood, Metal Siding
  • Roof: Other, See Remarks
  • Construction:Metal: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 49.0
  • Total Parking Spaces: 49.0
  • General Property Description:Uncvrd Parking Spcs: 49.0
  • General Property Description:Total Parking Spcs: 49.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Office A/C
  • Heating: Electric, Other, See Remarks
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Lot Size Sq Ft: 227150.0
  • Additional Parcels: No
  • Parcel #: 303-58-006-Z
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Leasable Area: 25234.0

Tax Info

  • Tax Annual Amount: 40149.0
  • Tax Book Number: 303.00
  • Tax Lot: 1
  • Tax Map Number: 58.00

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

Closed on
Aug 16, 2021
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
$22,000,000
Outstanding Balance
$20,004,814
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 12, 2018
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
$2,161,250
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 21, 2015
Closed on
Dec 29, 2015
Sold by
Bought by
Seller's Agent
David Genovese
Avison Young
Buyer's Agent
David Genovese
Avison Young
List Price
$3,450,000
Sold Price
$3,150,000
Premium/Discount to List
-$300,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,720,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2006
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
$950,000
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2004
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
$500,000
Interest Rate
5.57%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 18, 1995
Sold by
Bought by
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
$37,000,000 First American Title
$3,325,000 Fidelity National Title Agen
$3,150,000 Commonwealth Land Title Ins
-- None Available
-- None Available
-- Security Title Agency
-- Chicago Title Insurance Co
$186,726 Fidelity Title
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
Open $22,000,000
Previous Owner $2,161,250
Previous Owner $2,720,000
Previous Owner $950,000
Previous Owner $500,000
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
12/31/2015 12/31/15 Sold $3,150,000 -8.7% $125 / Sq Ft
11/09/2015 11/09/15 Pending -- -- --
10/21/2015 10/21/15 For Sale $3,450,000 -- $137 / 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 $48,238 $405,747 -- --
2024 $48,007 $398,502 -- --
2023 $48,007 $635,409 $469,744 $165,665
2022 $47,017 $526,908 $358,138 $168,770
2021 $48,843 $545,526 $368,370 $177,156
2020 $48,216 $500,922 $344,394 $156,528
2019 $46,404 $483,012 $307,188 $175,824
2018 $44,913 $432,216 $143,910 $288,306
2017 $42,278 $422,082 $139,716 $282,366
2016 $40,692 $338,310 $124,740 $213,570
2015 $40,149 $326,747 $118,881 $207,866
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    David Genovese

    Avison Young

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5351763

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-58-006Z

Arizona Maricopa County Chandler 85248 South Chandler

11237 E Riggs Rd, Chandler, 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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