NOT LISTED FOR SALE

1204 E Baseline Rd Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $2,310,401

-- Bed
-- Bath
20,430 Sq Ft
$113/Sq Ft Est. Value

Last Sold July 18, 2025

Last sale price $2,325,000 $114 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $14,867/month

91 Days on Market

Highlights

  • 1.45 Acre Lot
  • Cooling Available
  • Heating Available

About This Home

As of July 2025

Strategically positioned at the high-traffic northeast corner of Baseline & Lakeshore Drive, 1204 E Baseline offers a rare chance to own a premier garden office space in Tempe's booming market. This property boasts exceptional real estate fundamentals and is surrounded by upscale development and a growing high-income demographic. With a strong income stream already in place, there is potential for owner-user buyers looking for additional rental income, or value-add investors looking to fill the vacancies and increase current rental rates. Additionally, the property offers significant redevelopment potential, as it is located within the mixed-use area designated in the City of Tempe General Plan.

Last Agent to Sell the Property

Reuben Nach

R.O.I. Properties License #SA687040000 Listed on: 02/13/2025

Last Buyer's Agent

Srinivasa Male

West USA Realty License #SA639709000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $31,388

Year Built

  • Built in 1982

Lot Details

  • 1.45 Acre Lot
  • Property is zoned C-C

Home Design

  • 20,430 Sq Ft Home
  • Block Exterior

Parking

  • 38 Open Parking Spaces
  • 64 Parking Spaces
  • 26 Covered Spaces
  • Paved Parking
  • Community Parking Structure

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Lake Country Estates Unit 1 Subdivision
  • Operating Expense $31,388

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 133-38-003-E

Property Details

Property Type

Other

Est. Annual Taxes

$31,388

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: NEC of E Baseline Rd & S Lakeshore Dr
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: C-C
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2024
  • Lot Size Acres: 1.45
  • Subdivision Name: LAKE COUNTRY ESTATES UNIT 1
  • Structure Type: Other (See Remarks), Commercial, Office
  • Tax Parcel Letter: E
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 20430.0

Exterior Features

  • Fencing: Other
  • Disclosures: Other (See Remarks)
  • Construction Type: Other, Block
  • Roof: Other, Rolled/Hot Mop
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 26.0
  • Parking Features: Other, Paved, Parking Structure
  • Attached Garage: No
  • Open Parking Spaces: 38.0
  • Total Parking Spaces: 64.0
  • General Property Description:Covered Parking Spcs: 26.0
  • General Property Description:Uncvrd Parking Spcs: 38.0
  • General Property Description:Total Parking Spcs: 64.0
  • Parking Features Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks), APS
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, City Franchise
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 63359.0
  • Parcel #: 133-38-003-E

Multi Family

  • Annual Operating Expense: 31388.0

Tax Info

  • Tax Annual Amount: 31388.0
  • Tax Book Number: 133.00
  • Tax Lot: 1
  • Tax Map Number: 38.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2025
Closed on
Jul 18, 2025
Sold by
Mccandless Tempe Llc
Bought by
Lakeshore Office Llc
Seller's Agent
Reuben Nach
R.O.I. Properties
Buyer's Agent
Srinivasa Male
West USA Realty
List Price
$2,950,000
Sold Price
$2,325,000
Premium/Discount to List
-$625,000
-21.19%
Views
17
Current Estimated Value
$2,310,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,599
Avg. Annual Appreciation
-1.60%
Original Mortgage
$925,000
Outstanding Balance
$923,434
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$1,386,967

Purchase Details

Closed on
Aug 19, 2008
Sold by
Scaglioni Hernan and Scaglioni Cristina
Bought by
Mccandless Tempe Llc

Purchase Details

Closed on
Jul 20, 1998
Sold by
Scaglioni Hernan and Scaglioni Cristina
Bought by
Scaglioni Hernan and Scaglioni Cristina

Purchase Details

Closed on
Nov 5, 1997
Sold by
Scaglioni Hernan and Scaglioni Cristina
Bought by
Scaglioni Hernan and Scaglioni Cristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Interest Rate
7.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 27, 1997
Sold by
General American Life Insurance Company
Bought by
Scaglioni Hernan and Scaglioni Cristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Interest Rate
7.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 28, 1995
Sold by
Focus Century Ltd Partnership
Bought by
General American Life Insurance Company
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
Lakeshore Office Llc $2,325,000 Landmark Title
Mccandless Tempe Llc $2,700,000 First American Title Insuran
Scaglioni Hernan -- --
Scaglioni Hernan -- --
Scaglioni Hernan $1,775,000 Old Republic Title Agency
General American Life Insurance Company -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lakeshore Office Llc $925,000
Previous Owner Scaglioni Hernan $1,330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2025 07/18/25 Sold $2,325,000 -21.2% $114 / Sq Ft
05/15/2025 05/15/25 Pending -- -- --
02/13/2025 02/13/25 For Sale $2,950,000 -- $144 / 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 $32,567 $271,711 -- --
2024 $31,949 $266,859 -- --
2023 $31,949 $386,750 $127,704 $259,046
2022 $31,548 $357,683 $120,068 $237,615
2021 $32,674 $304,362 $123,498 $180,864
2020 $31,682 $294,858 $127,368 $167,490
2019 $31,081 $281,880 $112,212 $169,668
2018 $30,309 $255,114 $113,364 $141,750
2017 $29,407 $211,284 $104,976 $106,308
2016 $29,200 $198,306 $92,898 $105,408
2015 $28,824 $212,769 $60,810 $151,959
Source: Public Records

Agents Affiliated with this Home

  • Reuben Nach

    Seller's Agent in 2025

    Reuben Nach

    R.O.I. Properties

    (602) 319-1326

    1 in this area

    49 Total Sales

    Reuben Nach
    Section Image

  • S

    Buyer's Agent in 2025

    Srinivasa Male

    West USA Realty

    (207) 332-6882

    1 in this area

    14 Total Sales

    Srinivasa Male
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6819777

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-38-003E

Arizona Maricopa County Tempe 85282 The Lakes

1204 E Baseline Rd, Tempe, AZ

Not Listed for Sale

Other

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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