NOT LISTED FOR SALE

1241 N 53rd Ave Phoenix, AZ 85043

Estrella Village Neighborhood
1 Bed
1 Bath
-- Sq Ft
58,283 Sq Ft Lot

About This Home

This home is located at 1241 N 53rd Ave, Phoenix, AZ 85043. 1241 N 53rd Ave is a home located in Maricopa County with nearby schools including Cartwright School, Justine Spitalny School, and Carl Hayden High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2022
Sold by
Fifty Third Phoenix Holdings Llc
Bought by
53Rd Tnc Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000,000
Outstanding Balance
$14,208,608
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2017
Sold by
1241 N 53Rd Avenue Llc
Bought by
Fifty Third Phoneix Holdings Llc

Purchase Details

Closed on
Oct 22, 2013
Sold by
Very Fine Motels Inc
Bought by
Jmd Hospitality Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,820,000
Interest Rate
4.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 30, 2012
Sold by
Golden Phoenix Hotel Llc
Bought by
Very Fine Motels Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
3.83%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 9, 2005
Sold by
Chhatrala Phoenix Investments Inc
Bought by
Patel Subhash R and Patel Hasumati S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
5.9%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2002
Sold by
Mfi Partners Lp
Bought by
Chhatrala Phoenix Investments Inc
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
53Rd Tnc Llc $16,000,000 None Listed On Document
Fifty Third Phoneix Holdings Llc $3,431,000 Fidelity National Title Agen
Jmd Hospitality Llc $2,600,000 Security Title Agency
Very Fine Motels Inc $1,500,000 Fidelity National Title Agen
Patel Subhash R $4,000,000 Chicago Title Insurance Comp
Chhatrala Phoenix Investments Inc $2,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 53Rd Tnc Llc $15,000,000
Previous Owner Jmd Hospitality Llc $1,820,000
Previous Owner Very Fine Motels Inc $1,125,000
Previous Owner Patel Subhash R $2,400,000
Closed Patel Subhash R $794,000
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 $85,347 $487,570 -- --
2024 $90,151 $478,863 -- --
2023 $90,151 $526,847 $63,121 $463,726
2022 $87,511 $510,318 $55,090 $455,228
2021 $91,122 $528,174 $56,664 $471,510
2020 $86,352 $546,120 $52,938 $493,182
2019 $82,632 $538,038 $43,848 $494,190
2018 $85,939 $454,125 $35,145 $418,980
2017 $0 $408,690 $35,235 $373,455
2016 -- $403,020 $38,430 $364,590
2015 $76,212 $360,103 $38,443 $321,660
Source: Public Records

Map

Arizona Maricopa County Phoenix 85043 Estrella Village

1241 N 53rd Ave, Phoenix, AZ

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.

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