NOT LISTED FOR SALE

Estimated Value: $878,778

Studio
-- Bath
4,551 Sq Ft
$193/Sq Ft Est. Value

Sale Details

Date Sold: October 24, 2024

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

Est. 2% decrease in value since last sale

Current estimated payment $5,493 / mo

20 Days on Market

Highlights

  • 0.33 Acre Lot
  • 1-minute walk to 12Th St/Jefferson
  • Meeting Room
  • Phoenix Coding Academy Rated A
  • Corner Lot
  • Alarm System

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

Arizona Elite Properties License #SA660566000 Listed on: 08/07/2024

Arizona Elite Properties

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

  • 14,440 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • Property is zoned C-3

Home Design

  • Wood Frame Construction
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,551 Sq Ft Home
  • 1-Story Property
  • Ceiling height between 8 to 10 feet
  • Ceramic Tile Flooring

Home Security

  • Alarm System
  • Security Lights
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

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

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Not Available
  • Phone System

Listing and Financial Details

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

Community Details

Amenities

  • Meeting Room
  • Private Restrooms

Additional Features

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

Property Details

Property Type

Other

Est. Annual Taxes

$8,965

Year Built

Built in 1985

Lot Details

0.33 Acres

Listing Details

  • Cross Street: Jefferson and 12th Street
  • 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: Ceramic Tile
  • Living Area: 4551.0
  • Stories: 1 Story

Exterior Features

  • Fencing: Other, Partial
  • Disclosures: Other (See Remarks)
  • Construction Type: Block, Wood Frame, Stucco
  • Roof: Rolled/Hot Mop
  • Exterior: Corner Lot, Sprinkler System-Ground, Landscaping, Building Sign, Security Light(s)

Garage/Parking

  • Parking Features: Private, Paved
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0

Utilities

  • Electric: APS
  • Heating: Electric
  • Security: Fire Sprinklers, Smoke Detector(s), Security System, Alarm System
  • Green Building Features: Conference Room, Other (See Remarks)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Lot Info

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

Multi Family

  • Annual Operating Expense: 8965.0

Tax Info

  • Tax Annual Amount: 8965.0
  • Tax Book Number: 116.0
  • Tax Lot: 15
  • Tax Map Number: 44.0

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

Listed on
Aug 7, 2024
Closed on
Oct 22, 2024
Sold by
Bought by
Seller's Agent
Dustin Olive
Arizona Elite Properties
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
$878,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,222
Avg. Annual Appreciation
-1.44%
Original Mortgage
$600,000
Outstanding Balance
$559,117
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$319,661

Purchase Details

Closed on
Aug 25, 2015
Sold by
Bought by

Purchase Details

Closed on
Apr 16, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 2006
Sold by
Bought by

Purchase Details

Closed on
Feb 22, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 1, 2005
Sold by
Bought by

Purchase Details

Closed on
Mar 12, 2003
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 2002
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
$167,600
Interest Rate
5.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 16, 2001
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
$900,000 Wfg National Title Insurance C
-- None Available
-- None Available
-- None Available
-- None Available
-- --
-- Grand Canyon Title Agency In
-- Grand Canyon Title Agency In
-- --
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 $600,000
Previous Owner $167,600
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
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

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 $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

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