Seller's Agent in 2021
Kurt Nishimura
Coldwell Banker Realty
(602) 513-9335
23 Total Sales
125 W Mcdowell Rd Phoenix, AZ 85003
Downtown Phoenix NeighborhoodEstimated Value: $1,432,834
Studio
--
Bath
3,793
Sq Ft
$378/Sq Ft
Est. Value
Highlights
- 0.51 Acre Lot
- 5-minute walk to Mcdowell/Central Ave
- Ceramic Tile Flooring
- Phoenix Coding Academy Rated A
- Community Kitchen
- Central Air
About This Home
As of January 2021Great opportunity to buy nearly 3,800 SF of commercial office/medical in the easy-to-access, prime location of the Midtown-Central corridor. Approximately 2600 SF is a well-established dental practice; the other 1150 SF has recently-signed medical-based tenant in a 2-year lease w/ renewing options. With plenty of parking, located in a bustling, growing area of commercial/retail/restaurant businesses, historic residential neighborhoods, Phoenix Art Museum and Heard Museum, and convenient public transport, this is a gem of an income-producing property.
Last Agent to Sell the Property
Coldwell Banker Realty License #SA579393000 Listed on: 10/12/2020
Last Buyer's Agent
Karl Frye
Frye Practice Sales, LLC License #BR659260000
Property Details
Property Type
- Other
Est. Annual Taxes
- $18,199
Year Built
- Built in 1999
Lot Details
- 0.51 Acre Lot
- Property is zoned C2
Home Design
- 3,793 Sq Ft Home
- Metal Roof
- Block Exterior
Flooring
- Carpet
- Concrete
- Ceramic Tile
Parking
- 10 Open Parking Spaces
- 19 Parking Spaces
- 9 Covered Spaces
- Paved Parking
Utilities
- Central Air
- Heating Available
- 220 Volts
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 111-33-152
Community Details
Amenities
- Community Kitchen
- Reception Area
Additional Features
- 125 W Mcdowell Road Subdivision
- Operating Expense $18,199
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 12, 2020
Closed on
Jan 15, 2021
Sold by
Shafi Salim and Shafi Farah
Bought by
Thedreams Llc
Seller's Agent
Kurt Nishimura
Coldwell Banker Realty
Buyer's Agent
Karl Frye
Frye Practice Sales, LLC
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,834
Avg. Annual Appreciation
5.41%
Original Mortgage
$1,000,000
Interest Rate
2.71%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 26, 2007
Sold by
Shafi Salim and Shafi Farah
Bought by
Shafi Salim and Shaffi Farah
Purchase Details
Closed on
Feb 27, 1999
Sold by
Shafi Salim and Shafi Farah
Bought by
City Of Phoenix
Purchase Details
Closed on
May 28, 1998
Sold by
A Mcdowell Dental Llc
Bought by
Shafi Salim and Shafi Farah
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,000
Interest Rate
7.13%
Mortgage Type
Construction
Purchase Details
Closed on
Feb 26, 1998
Sold by
Petersen Pauline Ames
Bought by
A Mcdowell Dental Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.9%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thedreams Llc | $1,100,000 | None Available | |
| Shafi Salim | -- | None Available | |
| City Of Phoenix | -- | -- | |
| Shafi Salim | -- | Fidelity Title | |
| A Mcdowell Dental Llc | $140,000 | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Thedreams Llc | $1,000,000 | |
| Previous Owner | Shafi Salim | $830,000 | |
| Previous Owner | A Mcdowell Dental Llc | $45,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/19/2021 01/19/21 | Sold | $1,100,000 | -4.3% | $290 / Sq Ft | |
| 10/10/2020 10/10/20 | For Sale | $1,150,000 | +80601.8% | $303 / Sq Ft | |
| 05/30/2013 05/30/13 | Sold | $1,425 | -5.0% | $0 / Sq Ft | View Prior Sale |
| 05/30/2013 05/30/13 | Pending | -- | -- | -- | |
| 05/15/2013 05/15/13 | For Sale | $1,500 | -- | $0 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $17,920 | $126,155 | -- | -- |
| 2024 | $17,751 | $123,902 | -- | -- |
| 2023 | $17,751 | $166,294 | $66,980 | $99,314 |
| 2022 | $17,624 | $140,718 | $48,230 | $92,488 |
| 2021 | $17,991 | $144,396 | $49,608 | $94,788 |
| 2020 | $18,199 | $130,014 | $45,216 | $84,798 |
| 2019 | $18,169 | $109,782 | $36,810 | $72,972 |
| 2018 | $17,859 | $106,074 | $34,074 | $72,000 |
| 2017 | $17,444 | $109,260 | $35,496 | $73,764 |
| 2016 | $16,944 | $94,356 | $33,174 | $61,182 |
| 2015 | $16,113 | $90,133 | $33,097 | $57,036 |
Source: Public Records
Agents Affiliated with this Home
-
Kurt Nishimura
-
K
Buyer's Agent in 2021
Karl Frye
Frye Practice Sales, LLC
-
Jim McCabe
Seller's Agent in 2013
Jim McCabe
Fathom Realty Elite
(602) 809-2890
11 Total Sales
-
Blair Ballin
Buyer's Agent in 2013
Blair Ballin
eXp Realty
(480) 233-6433
109 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6145637
APN: 111-33-152
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.
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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