$825,000
SOLD JUN 24, 2019
-- Bed
-- Bath
11,961 Sq Ft
0.59 Acres

Recently Sold

$69 Per Sq Ft

34% Below List Price

282 Days on Market

Highlights

  • 0.59 Acre Lot
  • Security Fence
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of November 2021

Mixed-use infill development opportunity in the middle of the Grand Avenue Arts District. The former La Patisserie bakery consists of 11,961 sq ft building on 4 parcels with 25,800 sq ft of land. (Additional adjacent parcels may be available.) Property is just west of The Triangle, across the street from Barrio Cafe & Belhaus, short walk to Treehouse Bakery, Trunk Space, Bikini Lounge, Containers on Grand, Irma's Kitchen, {9} The Gallery, Grand Ave Pizza Co, ThirdSpace, Studio 8 & everything else giving the Grand Ave Arts District it's distinct flavor within Downtown Phoenix. 400A service to the property. Warehousing, co-working space, multi-family possibilities. Preliminary drawings for 13-unit loft-style live/work units by architect Jason Steele available. Contact listing agent for info

Last Agent to Sell the Property

Gene Montemore

Compass License #SA531107000 Listed on: 07/12/2018

Compass

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,182

Year Built

  • Built in 1970

Lot Details

  • 0.59 Acre Lot
  • Security Fence
  • Additional Parcels
  • Property is zoned C-2

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 11,961 Sq Ft Home
  • Concrete Flooring

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 111-27-132

Community Details

Overview

  • Building Dimensions are 200 x 131
  • University Addition Subdivision

Building Details

  • Operating Expense $11,182

Property Details

Property Type

Other

Est. Annual Taxes

$11,182

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Grand Ave / Roosevelt
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Current Use: Warehouse, Food Service
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2017
  • Directions: (S) to McKinley St, (W) to property on the left.
  • Lot Size Acres: 0.59
  • Road Surface Type: Asphalt
  • Subdivision Name: UNIVERSITY ADDITION
  • Structure Type: Commercial, Industrial, Office, Manufacturing, Distribution/Warehse
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Security
  • Construction Type: Frame - Wood, Block
  • Roof: Metal
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Warehouse Evap, Office A/C
  • Heating: Electric, Natural Gas
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Lot Info

  • Lot Size: 200 x 131
  • Lot Size Sq Ft: 25800.0
  • Additional Parcels: Yes
  • Parcel #: 111-27-132
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 11182.0

Tax Info

  • Tax Annual Amount: 11182.0
  • Tax Book Number: 111.00
  • Tax Lot: 16
  • Tax Map Number: 27.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2022
Sold by
Cnc Contracting Llc
Bought by
Mckinley Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Outstanding Balance
$883,825
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 4, 2021
Closed on
Oct 22, 2021
Sold by
Consilium B Llc
Bought by
Cnc Contracting Llc
Seller's Agent
Colby McMahon
Grayson Real Estate
Buyer's Agent
Cara Arnott
Century 21 Northwest
List Price
$950,000
Sold Price
$875,000
Premium/Discount to List
-$75,000
-7.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.05%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 12, 2018
Closed on
Jun 6, 2019
Sold by
Sales Force Won Ltd
Bought by
Consilium B Llc
Seller's Agent
Gene Montemore
Compass
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,250,000
Sold Price
$825,000
Premium/Discount to List
-$425,000
-34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.45%
Original Mortgage
$535,000
Interest Rate
4.1%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 14, 2016
Sold by
Teixidor Enterprises Inc
Bought by
Sales Force Won Ltd and Strictly From Scratch Ltd

Purchase Details

Closed on
Apr 28, 2011
Sold by
Teixidor Enterprises Inc
Bought by
Capital Core Investments Llc

Purchase Details

Closed on
Oct 26, 2000
Sold by
Teixidor Eduardo and Teixidor Marta
Bought by
Teixidor Enterprises Inc and La Patisserie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 1995
Sold by
Bank One Arizona Na
Bought by
Teixidor Eduardo and Teixidor Marta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.97%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed -- Magnus Title
Warranty Deed $875,000 Magnus Title Agency
Special Warranty Deed $825,000 Stewart Ttl & Tr Of Phoenix
Sheriffs Deed $50,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- First American Title
Warranty Deed $200,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 New Conventional
Open $950,000 New Conventional
Previous Owner $550,000 Commercial
Previous Owner $535,000 Construction
Previous Owner $1,800,000 Credit Line Revolving
Previous Owner $100,000 Commercial
Previous Owner $200,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2021 11/28/21 Sold $875,000 -7.9% $73 / Sq Ft
11/04/2021 11/04/21 For Sale $950,000 0.0% $79 / Sq Ft
11/04/2021 11/04/21 Price Changed $950,000 0.0% $79 / Sq Ft
10/06/2021 10/06/21 For Sale $950,000 0.0% $79 / Sq Ft
10/06/2021 10/06/21 Price Changed $950,000 0.0% $79 / Sq Ft
06/27/2021 06/27/21 For Sale $950,000 +15.2% $79 / Sq Ft
06/24/2019 06/24/19 Sold $825,000 -12.2% $69 / Sq Ft
09/05/2018 09/05/18 Price Changed $940,000 -24.8% $79 / Sq Ft
07/11/2018 07/11/18 For Sale $1,250,000 -- $105 / 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 $8,135 $58,986 -- --
2024 $8,300 $57,933 -- --
2023 $8,300 $74,987 $16,830 $58,157
2022 $8,240 $58,363 $12,548 $45,815
2021 $8,412 $54,594 $12,906 $41,688
2020 $10,023 $61,848 $9,450 $52,398
2019 $10,007 $64,296 $6,444 $57,852
2018 $9,836 $75,150 $2,826 $72,324
2017 $9,607 $71,946 $2,952 $68,994
2016 $9,332 $64,206 $2,754 $61,452
2015 $8,875 $55,630 $2,738 $52,892
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5792015

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-27-132