NOT LISTED FOR SALE

Estimated Value: $559,516

6 Beds
-- Bath
1,758 Sq Ft
$318/Sq Ft Est. Value

Last Sold March 13, 2017

Last sale price $270,000 $154 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $3,300/month

81 Days on Market

Highlights

  • Central Air
  • Carpet
  • Heating Available
  • Maie Bartlett Heard Elementary School Rated 9+

About This Home

As of March 2017

Back on the Market! Spectacular Red Brick Office building for Sale/Lease located on the heavily trafficked Thomas Road. Built out of red brick in 1954, the property displays a welcoming curb appeal with frontage to Thomas Rd., 8 parking spaces, a large monument sign, and an updated interior. The office is centrally located near downtown Phoenix, Encanto Golf Course, St. Joseph's Hospital, Metro Tech High School, Phoenix College, and more. The building is apt for any office use permitted by C-1 zoning City of Phoenix.

Last Agent to Sell the Property

Roberto Rodriguez

DPR Realty LLC License #BR100170000 Listed on: 12/01/2016

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,894

Year Built

  • Built in 1954

Lot Details

  • 7,275 Sq Ft Lot
  • Property is zoned C-1

Home Design

  • Brick Exterior Construction
  • Foam Roof

Interior Spaces

  • 1,758 Sq Ft Home
  • Carpet

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Private Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • Margarita Place Subdivision
  • Operating Expense $3,894

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 111-47-008

Property Details

Property Type

Other

Est. Annual Taxes

$3,894

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: Thomas Rd. and 15th Ave
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-1
  • Number Of Buildings: 1
  • Year Built: 1954
  • Tax Year: 2016
  • Directions: The property is located just west of the SWC of N 15th Ave and W Thomas Rd.
  • Lot Size Acres: 0.17
  • Subdivision Name: MARGARITA PLACE
  • Structure Type: Commercial, Office
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet

Exterior Features

  • Fencing: None
  • Construction Type: Brick
  • Roof: Foam

Garage/Parking

  • Parking Features: Private Parking
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 7275.0
  • Parcel #: 111-47-008
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 3894.0

Tax Info

  • Tax Annual Amount: 3894.0
  • Tax Book Number: 111.00
  • Tax Lot: 10
  • Tax Map Number: 47.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2016
Closed on
Mar 9, 2017
Sold by
1513 W Thomas Road Llc
Bought by
John Herrera Investments Llc
Seller's Agent
Roberto Rodriguez
DPR Realty LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$270,000
Sold Price
$270,000
Current Estimated Value
$559,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,516
Avg. Annual Appreciation
8.85%
Original Mortgage
$230,000
Outstanding Balance
$190,834
Interest Rate
4.19%
Mortgage Type
Seller Take Back
Estimated Equity
$368,682

Purchase Details

Closed on
Nov 27, 2012
Sold by
1513 W Thomas Rd Llc
Bought by
1513 W Thomas Rd Llc

Purchase Details

Closed on
Nov 24, 2012
Sold by
Drmr Properties Llc
Bought by
1513 W Thomas Rd Llc

Purchase Details

Closed on
Sep 30, 2009
Sold by
Korljan Robert
Bought by
Drmr Properties Llc

Purchase Details

Closed on
Oct 14, 2004
Sold by
Jeanne Elizabeth Gale Revocable Trust
Bought by
Gale Jeanne Elizabeth

Purchase Details

Closed on
Jul 10, 2001
Sold by
Gale Jeanne Elizabeth
Bought by
The Jeanne Elizabeth Gale Revocable Tr
Source: Public Records

Range of Values:

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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
John Herrera Investments Llc $270,000 Security Title Agency Inc
1513 W Thomas Rd Llc -- None Available
1513 W Thomas Rd Llc -- None Available
Drmr Properties Llc -- None Available
Gale Jeanne Elizabeth -- First Financial Title Agency
The Jeanne Elizabeth Gale Revocable Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open John Herrera Investments Llc $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2017 03/13/17 Sold $270,000 0.0% $154 / Sq Ft
02/10/2017 02/10/17 Pending -- -- --
11/21/2016 11/21/16 For Sale $270,000 -- $154 / 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 $3,998 $28,992 -- --
2024 $4,079 $28,474 -- --
2023 $4,079 $45,696 $28,696 $17,000
2022 $4,050 $38,973 $18,585 $20,388
2021 $4,135 $36,486 $19,116 $17,370
2020 $4,182 $35,046 $16,272 $18,774
2019 $4,175 $32,958 $12,312 $20,646
2018 $4,104 $28,890 $11,394 $17,496
2017 $4,009 $22,302 $11,862 $10,440
2016 $3,894 $21,024 $11,088 $9,936
2015 $3,775 $20,979 $11,063 $9,916
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5531060

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-47-008