NOT LISTED FOR SALE

Estimated Value: $652,422

-- Bed
-- Bath
7,460 Sq Ft
$87/Sq Ft Est. Value

Last Sold January 23, 2013

Last sale price $243,000 $33 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $4,232/month

268 Days on Market

Highlights

  • 0.46 Acre Lot
  • Ceramic Tile Flooring
  • Heating Available
  • Meeting Room

About This Home

As of January 2013

Close to I-17 and the 51. Needs some TLC with lots of potential. Courtyard style multi-tenant office building. Great access and visibility with a large sign on site. Being sold AS IS. Lender Owned. Court Approval required.
The building does have an alarm. Please confirm code before viewing.

Last Agent to Sell the Property

Jim Frazey

City to City Commercial License #BR031539000 Listed on: 02/16/2012

Co-Listed By

Mark Peterson

City to City Commercial License #SA041690000

Last Buyer's Agent

Teo Cupes

Prestige Realty License #BR573968000

Prestige Realty

Property Details

Property Type

  • Other

Year Built

  • Built in 1972

Lot Details

  • 0.46 Acre Lot
  • Property is zoned C-2

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • 7,460 Sq Ft Home
  • Ceramic Tile Flooring

Parking

  • 25 Open Parking Spaces
  • 25 Parking Spaces
  • Private Parking

Utilities

  • Heating Available

Community Details

  • Building Dimensions are 100' x 200'
  • Meeting Room
  • Operating Expense $7,010

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 214-66-018-b

Property Details

Property Type

Other

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Greenway & Cave Creek
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2011
  • Directions: South on Cave Creek from Greenway Rd. East side of Cave Creek Rd. about 1/4 mile south of Greenway Rd. Just south of the Kawasaki dealer.
  • Lot Size Acres: 0.46
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: benj01
  • Co List Office Phone: 480-355-2222
  • Structure Type: Office
  • Tax Parcel Letter: b
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 7460.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Frame - Wood, Stucco
  • Roof: Built-Up, Foam
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Private Parking
  • Attached Garage: No
  • Open Parking Spaces: 25.0
  • Total Parking Spaces: 25.0
  • General Property Description:Uncvrd Parking Spcs: 25.0
  • General Property Description:Total Parking Spcs: 25.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: Over 220 Amp, APS
  • Cooling: Office A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Showers - Office
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Conference Room: Yes
  • Amenities:Showers - Office: Yes

Lot Info

  • Lot Size: 100' x 200'
  • Lot Size Sq Ft: 20081.0
  • Parcel #: 214-66-018-b
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 7010.0

Tax Info

  • Tax Annual Amount: 7010.0
  • Tax Book Number: 214.00
  • Tax Lot: 18
  • Tax Map Number: 66.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2013
Sold by
Cupes Teodora
Bought by
Paradise Plaza Holdings Llc
Total Days on Market
268
Current Estimated Value
$652,422

Purchase Details

Listed on
Feb 16, 2012
Closed on
Jan 10, 2013
Sold by
Giallanza Thomas J
Bought by
Cupes Teodora
Seller's Agent
Jim Frazey
City to City Commercial
Buyer's Agent
Teo Cupes
Prestige Realty
List Price
$261,100
Sold Price
$243,000
Premium/Discount to List
-$18,100
-6.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.38%

Purchase Details

Closed on
Nov 18, 2008
Sold by
Landmarc Capital & Investment Co
Bought by
Ldm Acceptance Co and Landmarc Capital & Investment Co

Purchase Details

Closed on
Jun 9, 2008
Sold by
Dmh Investments Llc
Bought by
Landmarc Capital & Investment Co

Purchase Details

Closed on
Jul 10, 2006
Sold by
Victorious Christian Living
Bought by
Dmh Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.76%
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 Buyer Sale Price Title Company
Paradise Plaza Holdings Llc -- North American Title Company
Cupes Teodora $243,000 North American Title Company
Ldm Acceptance Co -- None Available
Landmarc Capital & Investment Co $682,331 None Available
Dmh Investments Llc $800,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paradise Plaza Holdings Llc $515,000
Closed Paradise Plaza Holdings Llc $540,000
Previous Owner Dmh Investments Llc $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2013 01/23/13 Sold $243,000 -6.9% $33 / Sq Ft
11/07/2012 11/07/12 Pending -- -- --
02/13/2012 02/13/12 For Sale $261,100 -- $35 / 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 $6,837 $66,607 -- --
2024 $6,897 $65,418 -- --
2023 $6,897 $88,502 $36,567 $51,935
2022 $7,029 $86,223 $37,153 $49,070
2021 $7,251 $87,156 $38,214 $48,942
2020 $7,026 $84,870 $35,712 $49,158
2019 $7,036 $79,938 $32,688 $47,250
2018 $6,805 $75,978 $30,024 $45,954
2017 $6,523 $63,396 $30,024 $33,372
2016 $6,414 $58,752 $27,252 $31,500
2015 $6,105 $48,471 $21,590 $26,881
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4716921

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-66-018B