NOT LISTED FOR SALE

Estimated Value: $886,129

Studio
-- Bath
4,551 Sq Ft
$195/Sq Ft Est. Value

Last Sold October 24, 2024

Last sale price $900,000 $198 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,365/month

20 Days on Market

Highlights

  • 0.33 Acre Lot
  • 1-minute walk to 12Th St/Jefferson
  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Meeting Room
  • Central Air

About This Home

As of October 2024

Exceptionally maintained office building located on a highly visible, easily accessible corner in downtown Phoenix. The property offers a combination of open collaboration space, private offices, a conference room, sizable kitchenette, and server room. Private parking on-site. Located off the Valley Metro rail line.

Last Agent to Sell the Property

Dustin Olive

West USA Realty License #SA660566000 Listed on: 08/07/2024

West USA Realty

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,965

Year Built

  • Built in 1985

Lot Details

  • 0.33 Acre Lot
  • Partially Fenced Property
  • Property is zoned C-3

Home Design

  • 4,551 Sq Ft Home
  • Wood Frame Construction
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Private Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • Porter Baxter Subdivision Of Tract B Murphys Addit
  • Meeting Room
  • Operating Expense $8,965

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 116-44-016-B

Property Details

Property Type

Other

Est. Annual Taxes

$8,965

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Jefferson and 12th Street
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2023
  • Lot Size Acres: 0.33
  • Subdivision Name: PORTER BAXTER SUBDIVISION OF TRACT B MURPHYS ADDIT
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Living Area: 4551.0

Exterior Features

  • Fencing: Other, Partial
  • Disclosures: Other (See Remarks)
  • Construction Type: Frame - Wood, Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Other (See Remarks), Conference Room
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Conference Room: Yes
  • Amenities:Other (See Remarks)32: Yes

Lot Info

  • Lot Size Sq Ft: 14440.0
  • Parcel #: 116-44-016-B
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 8965.0

Tax Info

  • Tax Annual Amount: 8965.0
  • Tax Book Number: 116.00
  • Tax Lot: 15
  • Tax Map Number: 44.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2024
Closed on
Oct 22, 2024
Sold by
Pinney Brian D and Copper Coin Industries Llc
Bought by
Literacy Volunteers Of Maricopa County
Seller's Agent
Dustin Olive
West USA Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,000,000
Sold Price
$900,000
Premium/Discount to List
-$100,000
-10%
Views
3
Current Estimated Value
$886,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,871
Avg. Annual Appreciation
-1.29%
Original Mortgage
$600,000
Outstanding Balance
$559,117
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$327,012

Purchase Details

Closed on
Aug 25, 2015
Sold by
Pinney Laurie and Estate Of Brian D Pinney
Bought by
Copper Coin Industries Llc

Purchase Details

Closed on
Apr 16, 2010
Sold by
Crampton Don and Jp Morgan Chase Bank Na
Bought by
Crampton Don and The Ragsdale Gst Exempt Trust

Purchase Details

Closed on
Apr 22, 2006
Sold by
Ragsdale Lincoln J and Comerica Bank & Trust Na
Bought by
City Of Phoenix

Purchase Details

Closed on
Feb 22, 2006
Sold by
Ragsdale Lincoln J and Comerica Bank & Trust Na
Bought by
City Of Phoenix

Purchase Details

Closed on
Jun 1, 2005
Sold by
Pinney Brian D
Bought by
City Of Phoenix

Purchase Details

Closed on
Mar 12, 2003
Sold by
Pinney Laura E
Bought by
Pinney Brian D

Purchase Details

Closed on
Jan 4, 2002
Sold by
Pinney Delores I
Bought by
Pinney Brian D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,600
Interest Rate
5.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 16, 2001
Sold by
Pinney Brian D
Bought by
Pinney Brian D and Pinney Delores I
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
Literacy Volunteers Of Maricopa County $900,000 Wfg National Title Insurance C
Copper Coin Industries Llc -- None Available
Crampton Don -- None Available
City Of Phoenix -- None Available
City Of Phoenix -- None Available
City Of Phoenix -- --
Pinney Brian D -- Grand Canyon Title Agency In
Pinney Brian D -- Grand Canyon Title Agency In
Pinney Brian D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Literacy Volunteers Of Maricopa County $600,000
Previous Owner Pinney Brian D $167,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2024 10/24/24 Sold $900,000 -10.0% $198 / Sq Ft
08/07/2024 08/07/24 For Sale $1,000,000 +15884.7% $220 / Sq Ft
04/01/2023 04/01/23 Sold $6,256 0.0% $1 / Sq Ft View Prior Sale
03/30/2023 03/30/23 Pending -- -- --
03/29/2023 03/29/23 For Sale $6,256 0.0% $1 / Sq Ft
02/04/2023 02/04/23 Off Market $6,256 -- --
01/04/2023 01/04/23 For Sale $6,256 0.0% $1 / Sq Ft
12/28/2022 12/28/22 Off Market $6,256 -- --
11/14/2022 11/14/22 For Sale $6,256 -- $1 / 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 $8,787 $63,716 -- --
2024 $8,965 $62,578 -- --
2023 $8,965 $92,514 $43,639 $48,875
2022 $8,901 $83,528 $42,683 $40,845
2021 $9,087 $85,464 $43,902 $41,562
2020 $9,192 $71,208 $43,290 $27,918
2019 $9,176 $57,312 $36,612 $20,700
2018 $9,020 $57,312 $17,964 $39,348
2017 $8,810 $52,488 $18,720 $33,768
2016 $8,558 $46,206 $17,010 $29,196
2015 $12,307 $71,373 $16,983 $54,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6740524

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-44-016B