NOT LISTED FOR SALE
Studio
-- Bath
3,282 Sq Ft
7,187 Sq Ft Lot

Last Sold January 15, 2020

Last sale price $425,000 $129 Per Sq Ft

128 Days on Market

Highlights

  • 0.17 Acre Lot
  • Community Kitchen
  • Heating Available
  • Wood Flooring
  • Central Air

About This Home

As of January 2020

SUPERB LOCATION CLOSE TO ARIZONA STATE UNIVERSITY IN TEMPE ALREADY BUILT OUT BLDG ZONED GENERAL INDUSTRIAL DISTRICT (GID)**FREEWAYS NEAR 101 & 202 PREVIOUSLY RENTED FOR $3,200 PER MONTH WHICH IS ON THE LOW SIDE**WALK TO FOUR PEAKS BREWERY IN WALKING DISTANCE & OWNER MAY CARRY THE FINANCING W/$50K DOWN @ 7% AMORTIZED 15 YEARS W/ A BALLOON IN 3 YRS-FLOOR PLAN IN DOC TAB NEAR TEMPE TOWN LAKE, ALL THE VENUES, ENTERTAINING, TEMPE MARKET PLACE, TERMS ON AGREEMENT FOR SALE - ZONED LIGHT INDUSTRIAL AND GID IN THE CITY OF TEMPE -OFFICE SPACE & ROOMS UP FRONT WITH WAREHOUSE IN BACK WITH BAY DRIVE IN DOOR IN BACK FOR LOADING & UNLOADING - CORNER PROPERTY - BRING YOUR DREAM BUSINESS HERE AND GET STARTED IN THE TEMPE AREA - DON'T MISS OUT WITH SELLER WILL CARRY THE PAPER -/PAY CASH OR GET A SBA LOAN

Last Agent to Sell the Property

Bettina Franco

HomeSmart License #BR025293000 Listed on: 08/02/2019

Last Buyer's Agent

Ben Arredondo

My Home Group Real Estate License #SA556873000

My Home Group Real Estate

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,565

Year Built

  • Built in 1985

Lot Details

  • 7,187 Sq Ft Lot
  • Property is zoned GID/ County I-1

Parking

  • Public Parking

Home Design

  • 3,282 Sq Ft Home
  • Tilt Up Walls
  • Wood Frame Construction
  • Block Exterior
  • Metal Siding

Flooring

  • Wood
  • Concrete
  • Ceramic Tile

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot A2
  • Assessor Parcel Number 132-59-047

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Showroom

Additional Features

  • Az Tech Court Amd A1 A2 B1 B2 E1 E2 F1 F2 M P Subdivision
  • Operating Expense $4,565

Property Details

Property Type

Other

Est. Annual Taxes

$4,565

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: University & Dorsey
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: GID/ County I-1
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2018
  • Lot Size Acres: 0.17
  • Road Surface Type: Asphalt
  • Subdivision Name: AZ Tech Court AMD A1 A2 B1 B2 E1 E2 F1 F2 M-P
  • Structure Type: Other (See Remarks), Commercial, Industrial, Office, Distribution/Warehse
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other, Ceramic Tile, Wood, Concrete
  • Living Area: 3282.0

Exterior Features

  • Fencing: None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: See Remarks, Frame - Wood, Tilt-Up, Metal Siding, Block
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes
  • Construction:Metal: Yes
  • Construction:Tilt-Up: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Public Parking
  • Attached Garage: No
  • Parking:Other (See Remarks)24: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Office A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Showroom, Kitchen
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Showroom: Yes

Lot Info

  • Lot Size Sq Ft: 7187.0
  • Parcel #: 132-59-047
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 4565.0

Tax Info

  • Tax Annual Amount: 4565.0
  • Tax Book Number: 132.00
  • Tax Lot: A2
  • Tax Map Number: 59.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2019
Closed on
Jan 6, 2020
Sold by
Vafadari Rudi and Arden Properties Inc
Bought by
Dondo Holdings Llc
Seller's Agent
Bettina Franco
HomeSmart
Buyer's Agent
Ben Arredondo
My Home Group Real Estate
List Price
$450,000
Sold Price
$425,000
Premium/Discount to List
-$25,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Outstanding Balance
$229,297
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 7, 2010
Sold by
First Call Service & Distributing Inc
Bought by
Vafadari Rudi

Purchase Details

Closed on
Jun 17, 2005
Sold by
Keller Building Llc
Bought by
First Call Service & Distributing Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
5.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 23, 2004
Sold by
Keller James J
Bought by
Keller Building Llc

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
5.65%
Mortgage Type
Commercial

Purchase Details

Closed on
May 18, 2004
Sold by
Huang Shih Haw and Huang Chi Lan Cho
Bought by
Keller James K

Purchase Details

Closed on
Dec 20, 1995
Sold by
Executive Sales Unlimited Inc
Bought by
Huang Shih Haw and Huang Chi Lan Cho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,700
Interest Rate
7.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 24, 1995
Sold by
Johnson Russell E and Johnson Nancy E
Bought by
Executive Sales Unlimited Inc

Purchase Details

Closed on
Apr 28, 1995
Sold by
Executive Sales Unlimited Inc
Bought by
Johnson Russell E and Johnson Nancy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
8.46%
Mortgage Type
Commercial
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
Dondo Holdings Llc $425,000 Magnus Title Agency
Vafadari Rudi $292,000 Old Republic Title Agency
First Call Service & Distributing Inc $330,000 Transnation Title
Keller Building Llc -- Westland Title Agency Of Az
Keller James K $298,000 Chicago Title Insurance Co
Huang Shih Haw $195,585 Chicago Title Insurance Co
Executive Sales Unlimited Inc -- Chicago Title Insurance Co
Johnson Russell E -- North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dondo Holdings Llc $480,000
Previous Owner First Call Service & Distributing Inc $305,000
Previous Owner Keller Building Llc $200,000
Previous Owner Huang Shih Haw $146,700
Previous Owner Johnson Russell E $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2020 01/15/20 Sold $425,000 -5.6% $129 / Sq Ft
12/07/2019 12/07/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $450,000 -- $137 / 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 $4,905 $40,927 -- --
2024 $4,812 $40,196 -- --
2023 $4,812 $74,460 $53,567 $20,893
2022 $4,752 $66,203 $41,685 $24,518
2021 $4,921 $66,312 $36,900 $29,412
2020 $4,772 $65,916 $26,748 $39,168
2019 $4,682 $59,436 $23,202 $36,234
2018 $4,565 $52,848 $15,300 $37,548
2017 $4,429 $37,926 $11,070 $26,856
2016 $4,398 $32,976 $9,882 $23,094
2015 $4,342 $33,670 $7,622 $26,048
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5959737

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-59-047