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

Sale Details

Date 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

  • 22,544 Sq Ft Lot
  • 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

0.52 Acres

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

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
Feb 18, 2015
Sold by
Bought by

Purchase Details

Closed on
Mar 29, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 29, 1999
Sold by
Bought by

Purchase Details

Closed on
Nov 17, 1998
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
$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

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
$934,000 Old Republic Title Agency
-- None Available
-- None Available
-- --
$295,000 Arizona Title Agency Inc
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 $221,750
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 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

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 $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

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