NOT LISTED FOR SALE
Studio
-- Bath
8,000 Sq Ft
0.52 Acres

Last Sold April 30, 2015

Last sale price $1,000,000 $125 Per Sq Ft

282 Days on Market

Highlights

  • 0.52 Acre Lot
  • 5-minute walk to Mcdowell/Central Ave
  • Wood Flooring
  • Phoenix Coding Academy Rated A

About This Home

As of April 2015

-Beautiful Spanish Style property just west of the Central Ave & McDowell Rd light rail station.
-Property is 100% occupied.
-Tenants participate in First Fridays.
-Prime Location along McDowell Rd

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 05/30/2014

Last Buyer's Agent

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 05/30/2014

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,024

Year Built

  • Built in 1933

Lot Details

  • 0.52 Acre Lot
  • Block Wall Fence
  • Additional Parcels
  • Property is zoned C-DT

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior

Interior Spaces

  • 8,000 Sq Ft Home
  • Wood Flooring

Parking

  • 21 Open Parking Spaces
  • 21 Parking Spaces

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 111-33-136

Community Details

Overview

  • 3 Buildings

Building Details

  • Gross Income $105,000
  • Net Operating Income $90,000

Property Details

Property Type

Other

Est. Annual Taxes

$7,024

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Cross Street: 1st Ave & McDowell
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-DT
  • Current Use: Mixed Use
  • Number Of Buildings: 3
  • Year Built: 1933
  • Tax Year: 2013
  • Lot Size Acres: 0.52
  • Road Surface Type: Asphalt
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood

Exterior Features

  • Fencing: Block
  • Construction Type: Block
  • Roof: Composition, Foam
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 21.0
  • Total Parking Spaces: 21.0
  • General Property Description:Uncvrd Parking Spcs: 21.0
  • General Property Description:Total Parking Spcs: 21.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Fee Information

  • Trash Expense: 1400.0
  • Annual Water Sewer Expense: 1600.0

Lot Info

  • Lot Size Sq Ft: 22544.0
  • Additional Parcels: Yes
  • Parcel #: 111-33-136
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 105000.0
  • Insurance Expense: 1084.5
  • Maintenance Expense: 3500.0
  • Property Net Operating Income: 90000.0

Tax Info

  • Tax Annual Amount: 7024.28
  • Tax Book Number: 111.00
  • Tax Lot: 6
  • Tax Map Number: 33.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2015
Sold by
Erickson Charles E
Bought by
Beram Tony and Beram Maria

Purchase Details

Closed on
Mar 29, 2007
Sold by
Erickson Margaret E
Bought by
Charles E Erickson Trust and Erickson Charles E

Purchase Details

Closed on
Mar 31, 2006
Sold by
Erickson Charles E
Bought by
Charles E Erickson Trust and Erickson Charles E

Purchase Details

Closed on
Dec 29, 1999
Sold by
Erickson Constance A
Bought by
Erickson Charles E

Purchase Details

Closed on
Nov 17, 1998
Sold by
Balkan Maury
Bought by
Erickson Charles E and Erickson Constance A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,750
Interest Rate
6.42%
Mortgage Type
Seller Take Back
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
Beram Tony $934,000 Old Republic Title Agency
Charles E Erickson Trust -- None Available
Charles E Erickson Trust -- None Available
Erickson Charles E -- --
Erickson Charles E $295,000 Arizona Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Erickson Charles E $221,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2015 04/30/15 Sold $1,000,000 -33.3% $125 / Sq Ft
02/28/2015 02/28/15 Pending -- -- --
05/22/2014 05/22/14 For Sale $1,500,000 +107042.9% $188 / Sq Ft
04/02/2014 04/02/14 Sold $1,400 0.0% $0 / Sq Ft View Prior Sale
04/02/2014 04/02/14 Pending -- -- --
02/10/2014 02/10/14 For Sale $1,400 -- $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 $10,589 $74,543 -- --
2024 $10,489 $73,212 -- --
2023 $10,489 $177,905 $45,441 $132,464
2022 $10,414 $161,911 $32,743 $129,168
2021 $10,631 $165,672 $33,678 $131,994
2020 $10,754 $154,764 $30,690 $124,074
2019 $10,736 $125,928 $24,948 $100,980
2018 $10,553 $107,316 $23,094 $84,222
2017 $10,307 $98,802 $24,066 $74,736
2016 $10,012 $73,566 $22,482 $51,084
2015 $9,521 $52,929 $22,459 $30,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5122769

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-33-136