NOT LISTED FOR SALE

Estimated Value: $232,377

Studio
-- Bath
200 Sq Ft
$1,162/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $160,000 $800 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,267/month

33 Days on Market

About This Home

As of August 2020

Centrally located right off S Central Ave. on a one block street, E Raymond Ave, with no thru traffic. GREAT OPPORTUNITY for [A-1] Light Industrial commercial property consisting of 0.135 acres / 5,872 sq ft just south of downtown Phoenix. Close to everything and easy access! Currently has an open air, covered work area, and an enclosed office. Much of the lot is paved concrete. Owner will carry OAC.

Last Agent to Sell the Property

Ann Cassero

RE/MAX Desert Showcase Brokerage Phone: 623-800-1899 License #SA687959000 Listed on: 06/17/2020

RE/MAX Desert Showcase

Last Buyer's Agent

Ann Cassero

RE/MAX Desert Showcase Brokerage Phone: 623-800-1899 License #SA687959000 Listed on: 06/17/2020

RE/MAX Desert Showcase

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $632

Year Built

  • Built in 1980

Lot Details

  • 5,872 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned [A-1] Light Ind

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 200 Sq Ft Home
  • Concrete Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Paved Parking

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 45
  • Assessor Parcel Number 113-11-084

Community Details

Overview

  • 2 Buildings
  • Building Dimensions are Approx,. 121.6' x 49.9 x 99 x 27.5 x 33.9
  • Patton Place Subdivision

Building Details

  • Operating Expense $632

Property Details

Property Type

Other

Est. Annual Taxes

$632

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: S Central Ave.
  • Property Type: Comm/Industry Sale
  • Zoning: [A-1] Light Ind
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2019
  • Lot Size Acres: 0.13
  • Road Surface Type: Asphalt
  • Subdivision Name: PATTON PLACE
  • Structure Type: Industrial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 200.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Frame - Wood, Metal Siding
  • Roof: Composition
  • Construction:Metal: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: None
  • Heating: None
  • Water Source: See Remarks
  • Heating:None29: Yes

Lot Info

  • Lot Size: Approx,. 121.6' x 49.9 x 99 x 27.5 x 33.9
  • Lot Size Sq Ft: 5872.0
  • Parcel #: 113-11-084
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 632.0

Tax Info

  • Tax Annual Amount: 632.0
  • Tax Book Number: 113.00
  • Tax Lot: 45
  • Tax Map Number: 11.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2022
Sold by
Mercado Francisco
Bought by
Ciscos Financial Inc
Current Estimated Value
$232,377

Purchase Details

Listed on
Jun 17, 2020
Closed on
Sep 1, 2020
Sold by
Guadarama Leonardo Popoca and Edinaca Vianey Guadalupe
Bought by
Mercado Francisco
Seller's Agent
Ann Cassero
RE/MAX Desert Showcase
Buyer's Agent
Ann Cassero
RE/MAX Desert Showcase
List Price
$165,000
Sold Price
$160,000
Premium/Discount to List
-$5,000
-3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.20%
Original Mortgage
$150,000
Interest Rate
3%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jun 17, 2020
Closed on
Aug 31, 2020
Sold by
Luna Lizeth
Bought by
Valdez Ricardo
Seller's Agent
Ann Cassero
RE/MAX Desert Showcase
Buyer's Agent
Ann Cassero
RE/MAX Desert Showcase
List Price
$165,000
Sold Price
$160,000
Premium/Discount to List
-$5,000
-3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jun 17, 2020
Closed on
Aug 28, 2020
Sold by
Mercado Francisco
Bought by
Valdez Ricardo
Seller's Agent
Ann Cassero
RE/MAX Desert Showcase
Buyer's Agent
Ann Cassero
RE/MAX Desert Showcase
List Price
$165,000
Sold Price
$160,000
Premium/Discount to List
-$5,000
-3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 19, 2020
Sold by
Guacarama Leonado Popoca and Edinacas Vianey Guadalupe Mejorade M
Bought by
Mercado Francisco

Purchase Details

Closed on
Feb 12, 2007
Sold by
Mercado Guadalupe
Bought by
Mercado Francisco

Purchase Details

Closed on
Oct 28, 2005
Sold by
Oconnor Robert Harry
Bought by
Christenson Craig Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
5.68%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 30, 2002
Sold by
Patton Place Llc
Bought by
West Coast Funding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
5.86%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 4, 2000
Sold by
Fraze Hallie J and Fraze Margaret J
Bought by
Oconnor Robert Harry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000
Interest Rate
7.83%
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
Ciscos Financial Inc -- --
Mercado Francisco -- Lawyers Title Of Arizona Inc
Valdez Ricardo -- Lawyers Title Of Arizona Inc
Valdez Ricardo $160,000 Lawyers Title Of Arizona Inc
Mercado Francisco -- None Available
Mercado Francisco -- First American Title Ins Co
Mercado Francisco $74,000 First American Title Ins Co
Christenson Craig Steven $23,500 Lawyers Title Ins
West Coast Funding Llc -- Security Title Agency
Oconnor Robert Harry $16,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Valdez Ricardo $150,000
Previous Owner Christenson Craig Steven $18,000
Previous Owner West Coast Funding Llc $141,000
Previous Owner Oconnor Robert Harry $6,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2020 08/31/20 Sold $160,000 -3.0% $800 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $165,000 -- $825 / 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 $621 $4,120 -- --
2024 $625 $4,046 -- --
2023 $625 $9,554 $9,248 $306
2022 $630 $6,720 $6,440 $280
2021 $661 $6,894 $6,624 $270
2020 $653 $5,310 $5,040 $270
2019 $632 $3,546 $3,294 $252
2018 $615 $3,294 $3,042 $252
2017 $612 $3,420 $3,168 $252
2016 $582 $3,186 $2,952 $234
2015 $563 $3,053 $2,849 $204
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6091801

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-11-084