NOT LISTED FOR SALE

Estimated Value: $3,068,941

-- Bed
-- Bath
11,960 Sq Ft
$257/Sq Ft Est. Value

Last Sold May 01, 2022

Last sale price $3,600 $0 Per Sq Ft

Est. 85,148% increase in value since last sale

Current estimated payment $18,885/month

35 Days on Market

Highlights

  • 1 Acre Lot
  • Meeting Room
  • Heating Available
  • Washington High School Rated A-

About This Home

As of May 2022

Glenrose Professional Building offers quaint office space in Central Phoenix. The
building is gated and there is a covered atrium with stone picnic tables and public
restrooms. The offices are large and spacious.
Several medical practices including internal medicine and specialty dentistry call
Glenrose home. This plaza is owner managed and offers a wide range of amenities
including covered parking, security patrols, day porter services, landscaping and much more.

Last Agent to Sell the Property

James Ridgeway

Ridgeway Real Estate Investments License #BR516553000 Listed on: 03/08/2022

Last Buyer's Agent

Robert Johnson

RJ4Homes LLC License #BR533188000

Property Details

Property Type

  • Other

Year Built

  • Built in 1985

Lot Details

  • 1 Acre Lot
  • Block Wall Fence
  • Property is zoned C1

Home Design

  • Foam Roof
  • Block Exterior

Parking

  • 64 Open Parking Spaces
  • 80 Parking Spaces
  • 16 Covered Spaces

Utilities

  • Heating Available

Listing and Financial Details

  • Property Available on 4/1/22
  • Tax Lot 1
  • Assessor Parcel Number 157-14-001-A

Community Details

Overview

  • West Orangewood Subdivision

Amenities

  • Meeting Room
  • Reception Area

Property Details

Property Type

Other

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 15th Ave and Glendale Ave
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Lease
  • Zoning: C1
  • Current Use: Medical/Dental, Office
  • Lease Info Annual Lease Price: 53175.0
  • Lease Info Annual Lse Prc P S F: 22.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 2
  • Lease Info Space Divisible: No
  • Lease Info Suite Floor Location: 1st
  • Lease Info Suite Size Avail Max: 2417
  • Year Built: 1985
  • Tax Year: 2021
  • Directions: Just West of 15th Ave on the Northside.
  • Lot Size Acres: 1.0
  • Road Surface Type: Sidewalk(s)
  • Subdivision Name: WEST ORANGEWOOD
  • Structure Type: Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Block
  • Disclosures: None, Other (See Remarks)
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 16.0
  • Open Parking Spaces: 64.0
  • Total Parking Spaces: 80.0
  • General Property Description:Covered Parking Spcs: 16.0
  • General Property Description:Uncvrd Parking Spcs: 64.0
  • General Property Description:Total Parking Spcs: 80.0
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Office A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Reception Room
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes

Lot Info

  • Lot Size Sq Ft: 43559.0
  • Additional Parcels: No
  • Parcel #: 157-14-001-A
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2022-04-01

Tax Info

  • Tax Annual Amount: 32120.0
  • Tax Book Number: 157.00
  • Tax Lot: 1
  • Tax Map Number: 14.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2014
Sold by
Jet Enterprises Llc
Bought by
Chandler Mercado Partners Llc
Current Estimated Value
$3,068,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$605,218
Interest Rate
4.29%
Mortgage Type
Commercial
Estimated Equity
$2,463,723

Purchase Details

Closed on
Dec 1, 2013
Sold by
K W Glendale Med Llc
Bought by
Jet Enterprises Llc

Purchase Details

Closed on
Jan 1, 2008
Sold by
Kelman Weiss Enterprises Llp
Bought by
K W Glendale Med Llc

Purchase Details

Closed on
Dec 26, 2002
Sold by
Jet Enterprises
Bought by
Kelman Weiss Enterprises

Purchase Details

Closed on
Sep 21, 2001
Sold by
Jet Enterprises
Bought by
Weiss Investments Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$983,500
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 7, 2001
Sold by
Tb Properties Llc
Bought by
Jet Enterprises

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$983,500
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 7, 1996
Sold by
The Midland Life Insurance Company
Bought by
T B Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
7.1%
Mortgage Type
Commercial
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
Chandler Mercado Partners Llc $1,350,000 Grand Canyon Title Agency In
Bock Arlynn Sue -- Grand Canyon Title Agency In
Weiss Gary Alan -- Grand Canyon Title Agency In
Jet Enterprises Llc -- None Available
K W Glendale Med Llc -- None Available
Kelman Weiss Enterprises -- --
Weiss Investments Llp $491,750 --
Jet Enterprises $983,500 Chicago Title Insurance Co
T B Properties Llc $490,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chandler Mercado Partners Llc $800,000
Previous Owner Jet Enterprises $983,500
Previous Owner T B Properties Llc $343,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2022 05/01/22 Sold $3,600 -16.9% $0 / Sq Ft
03/08/2022 03/08/22 For Sale $4,330 -- $0 / 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 $30,605 $242,649 -- --
2024 $30,959 $238,316 -- --
2023 $30,959 $358,768 $107,644 $251,124
2022 $30,831 $344,575 $106,120 $238,455
2021 $32,120 $354,186 $109,152 $245,034
2020 $31,317 $300,042 $80,352 $219,690
2019 $30,746 $266,742 $74,322 $192,420
2018 $29,941 $234,522 $65,178 $169,344
2017 $29,789 $245,970 $63,288 $182,682
2016 $29,247 $214,146 $59,814 $154,332
2015 $27,838 $181,874 $47,379 $134,495
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6365640

Arizona Regional Multiple Listing Service (ARMLS)

APN: 157-14-001A