NOT LISTED FOR SALE

1301 E Mcdowell Rd Phoenix, AZ 85006

Coronado Neighborhood

Estimated Value: $4,406,965

-- Bed
-- Bath
28,834 Sq Ft
$153/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $3,100,000 $108 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $29,665/month

372 Days on Market

About This Home

As of February 2020

• Multi-Tenant Medical/Office Building
• Brand New Monument Signage
• Ample Parking of 4.00/1,000 with additional street parking
• 3-story parking structure with ample covered parking
• Value creation through Opportunity Zone benefits, re-position/lease-up, rising rates in a growing area
• Less than 1/2 mile from North 7th St and I-10 full diamond interchange
• Bus stop out front and less than 2 miles from the light rail

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 01/15/2020

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $76,813

Year Built

  • Built in 1986

Lot Details

  • 1.22 Acre Lot
  • Property is zoned C-2

Home Design

  • 28,834 Sq Ft Home

Parking

  • 47 Open Parking Spaces
  • 115 Parking Spaces
  • 68 Covered Spaces
  • Paved Parking
  • Community Parking Structure

Community Details

  • Burroughs Subdivision
  • Operating Expense $76,813

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 116-22-025-A

Property Details

Property Type

Other

Est. Annual Taxes

$76,813

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: E McDowell Rd & N 13th St
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 1986
  • Tax Year: 2017
  • Lot Size Acres: 1.22
  • Subdivision Name: BURROUGHS
  • Structure Type: Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 28834.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 68.0
  • Parking Features: Paved Parking, Parking Structure
  • Attached Garage: No
  • Open Parking Spaces: 47.0
  • Total Parking Spaces: 115.0
  • General Property Description:Covered Parking Spcs: 68.0
  • General Property Description:Uncvrd Parking Spcs: 47.0
  • General Property Description:Total Parking Spcs: 115.0
  • Parking:Paved Parking: Yes
  • Parking:Parking Structure: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 53218.0
  • Parcel #: 116-22-025-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 76813.0

Tax Info

  • Tax Annual Amount: 76813.0
  • Tax Book Number: 116.00
  • Tax Lot: 1
  • Tax Map Number: 22.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2020
Sold by
Phx Buildings Llc
Bought by
1301 Mcdowell Llc
Current Estimated Value
$4,406,965

Purchase Details

Listed on
Jan 15, 2020
Closed on
Feb 26, 2020
Sold by
Swa Holdings Arizona Llc
Bought by
Phx Buildings Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$4,200,000
Sold Price
$3,100,000
Premium/Discount to List
-$1,100,000
-26.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%

Purchase Details

Closed on
May 10, 2006
Sold by
Saliba Zack and Saliba Sue A
Bought by
Swa Holdings Arizona Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
6.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2005
Sold by
Mercury Trading Co
Bought by
Saliba Zack and Saliba Sue A

Purchase Details

Closed on
Nov 30, 2004
Sold by
Mcdowell Trust Properties Llc
Bought by
Mercury Trading Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 1996
Sold by
Norwest Bank Arizona Na
Bought by
Mcdowell Trust Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
7.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 6, 1995
Sold by
Sharo Development
Bought by
Norwest Bank Arizona National Assn
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
1301 Mcdowell Llc -- Accommodation
Phx Buildings Llc $3,100,000 Chicago Title Agency Inc
Swa Holdings Arizona Llc -- Chicago Title Insurance Co
Saliba Zack $3,400,000 Capital Title Agency Inc
Mercury Trading Co $2,700,000 Stewart Title & Trust Of Pho
Mcdowell Trust Partners Llc $1,200,000 Security Title Agency
Norwest Bank Arizona National Assn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Swa Holdings Arizona Llc $1,400,000
Previous Owner Mercury Trading Co $1,100,000
Previous Owner Mcdowell Trust Partners Llc $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2020 02/28/20 Sold $3,100,000 -26.2% $108 / Sq Ft
01/15/2020 01/15/20 For Sale $4,200,000 +35.5% $146 / Sq Ft
01/14/2020 01/14/20 Pending -- -- --
08/23/2019 08/23/19 Off Market $3,100,000 -- --
01/07/2019 01/07/19 For Sale $4,200,000 -- $146 / 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 $78,912 $555,519 -- --
2024 $78,166 $545,599 -- --
2023 $78,166 $811,580 $152,847 $658,733
2022 $77,607 $741,003 $112,665 $628,338
2021 $79,223 $750,078 $115,884 $634,194
2020 $80,138 $674,010 $105,246 $568,764
2019 $80,006 $574,308 $80,244 $494,064
2018 $78,641 $589,518 $74,286 $515,232
2017 $76,813 $572,760 $77,382 $495,378
2016 $74,611 $498,312 $72,324 $425,988
2015 $70,955 $474,304 $73,834 $400,470
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tanner Milne

    The Menlo Group Commercial Real Estate

    Section Image

  • N

    Buyer's Agent in 2020

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5864372

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-22-025A

Arizona Maricopa County Phoenix 85006 Coronado

1301 E Mcdowell Rd, Phoenix, 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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