NOT LISTED FOR SALE

15640 N 7th St Unit 8 Phoenix, AZ 85022

Moon Valley Neighborhood

Estimated Value: $2,181,945

-- Bed
-- Bath
14,519 Sq Ft
$150/Sq Ft Est. Value

Last Sold August 10, 2021

Last sale price $1,509 $0 Per Sq Ft

Est. 144,495% increase in value since last sale

Current estimated payment $15,361/month

1,510 Days on Market

Highlights

  • Wood Flooring
  • Community Kitchen
  • Computer Room
  • Thunderbird High School Rated A-

About This Home

As of August 2021

WOW FREE RENTAL MONTHS PROMOTION--1Yr.. lease=2 free months, 2yr.=3 free, 3 yr.=5 free and 5 yr.= 7 mos. free rent!!! Perfect office space, repainted and remodeled on 2-1-21, in a perfect location in the heart of the extremely desirable Moon Valley area. This complex is home to several medical facilities and professional offices. This space is perfect size for the small business tenant. Take advantage of the areas high income demographics and an extremely great location. Your signage will be on a high traffic very popular highway, 7th Street.You will also get free directional signage once your clients enter the facility. Don't miss out on this last suite available.

Last Agent to Sell the Property

Richard Newhouse

Newhouse Realty & Mortgage License #BR519342000 Listed on: 06/22/2017

Co-Listed By

Raymond Newhouse

Newhouse Realty & Mortgage License #SA650985000

Last Buyer's Agent

Raymond Newhouse

Newhouse Realty & Mortgage License #SA650985000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $37,340

Year Built

  • Built in 2002

Lot Details

  • Block Wall Fence
  • Property is zoned C-1

Home Design

  • Tile Roof
  • Block Exterior

Interior Spaces

  • 14,519 Sq Ft Home
  • Computer Room

Flooring

  • Wood
  • Carpet

Parking

  • 61 Open Parking Spaces
  • 61 Parking Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Property Available on 8/1/17
  • Tenant pays for electricity, contents insurance
  • The owner pays for management fees, property taxes, exterior maint, common area maintenance, bldg liability ins, glass insurance, fire insurance-bldg, trash, sewer, water
  • Assessor Parcel Number 208-12-007-L

Community Details

Overview

  • 2 Buildings
  • Ledgestone Place Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Showroom
  • Reception Area

Property Details

Property Type

Other

Est. Annual Taxes

$37,340

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Cross Street: 7th Street & Greenway
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Lease
  • Zoning: C-1
  • Number Of Buildings: 2
  • Lease Info Annual C A M Sq Ft: 6.0
  • Lease Info Annual Exp Stop Sq Ft: 6.0
  • Lease Info Annual Lease Price: 34891.0
  • Lease Info Annual Lse Prc P S F: 18.5
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3-6
  • Lease Info Space Divisible: Yes
  • Lease Info Suite Size Avail Max: 1886SF
  • Year Built: 2002
  • Tax Year: 2016
  • Directions: FIRST CLASS SPACE on 7th St. 1/2 mile South of Greenway. This office is the North building the second to last suite on the East end. West side of street. 1 block North of Coral Gables.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: nwhs01
  • Co List Office Phone: 602-375-9000
  • Subdivision Name: Ledgestone Place
  • Structure Type: Office
  • Tax Parcel Letter: L
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Wood
  • Living Area: 14519.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Block
  • Roof: Tile
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 61.0
  • Total Parking Spaces: 61.0
  • General Property Description:Uncvrd Parking Spcs: 61.0
  • General Property Description:Total Parking Spcs: 61.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: APS, Underground, Individual Meter
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Green Building Features: Conference Room, Reception Room, Showroom, Kitchen, Computer Room, LAN Compatible Copr
  • Water Source: City Franchise, Master Meter
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Computer Room: Yes
  • Amenities:Showroom: Yes
  • Amenities:LAN Compatible Copr: Yes

Lot Info

  • Additional Parcels: No
  • Parcel #: 208-12-007-L

Rental Info

  • Available Date: 2017-08-01

Multi Family

  • Owner Pays: Management Fees, Property Taxes, Exterior Maint, Common Area Maint, Bldg Liability Ins, Glass Insurance, Fire Insurance-Bldg, Trash, Sewer, Water
  • Tenant Pays: Electricity, Contents Insurance
  • Existing Lease Type: NNN
  • Leasable Area: 979.0

Tax Info

  • Tax Book Number: 208.00
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2024
Sold by
Ledgestone 3 Llc
Bought by
Ledgestone Investments Llc
Total Days on Market
1510
Current Estimated Value
$2,181,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,833,195
Outstanding Balance
$1,829,619
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$337,878

Purchase Details

Closed on
Jul 21, 2022
Sold by
Ledgestone Place Llc
Bought by
Ledgestone 3 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2003
Sold by
Reinsch Land Llc
Bought by
Ledgestone Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.71%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 28, 2001
Sold by
Reinsch David A and Reinsch Ann
Bought by
Reinsch Land Llc

Purchase Details

Closed on
Nov 2, 2000
Sold by
Davidson Gary D
Bought by
Reinsch David A and Reinsch Ann

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
7.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 2000
Sold by
Davidson Gary D
Bought by
City Of Phoenix

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
7.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 2000
Sold by
Switzenberg Donald M
Bought by
Davidson Gary D

Purchase Details

Closed on
Jan 1, 2000
Sold by
Lnp Properties Llc
Bought by
Davidson Gary D

Purchase Details

Closed on
Oct 24, 1996
Sold by
Davidson Gary D and Switzenberg Donald M
Bought by
Lnp Properties Llc
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
Ledgestone Investments Llc $2,156,700 First American Title Insurance
Ledgestone Investments Llc $2,156,700 First American Title Insurance
Ledgestone 3 Llc $2,750,000 First American Title
Ledgestone Place Llc -- --
Reinsch Land Llc -- --
Reinsch David A $345,000 Fidelity National Title
City Of Phoenix -- --
Davidson Gary D $90,000 Fidelity National Title
Davidson Gary D $131,500 Fidelity National Title
Switzenberg Donald M $131,500 Fidelity National Title
Lnp Properties Llc -- Fidelity National Title
Switzenberg Donald M -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ledgestone Investments Llc $1,833,195
Closed Ledgestone Investments Llc $1,833,195
Previous Owner Ledgestone 3 Llc $1,800,000
Previous Owner Ledgestone Place Llc $600,000
Previous Owner Ledgestone Place Llc $250,000
Previous Owner Ledgestone Place Llc $350,000
Previous Owner Reinsch Land Llc $1,840,000
Previous Owner Reinsch David A $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2021 08/10/21 Sold $1,509 0.0% $0 / Sq Ft
10/23/2017 10/23/17 Price Changed $1,509 -48.1% $0 / Sq Ft
06/22/2017 06/22/17 For Sale $2,908 +92.7% $0 / Sq Ft
06/21/2017 06/21/17 Off Market $1,509 -- --
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 $37,340 $296,043 -- --
2024 $37,771 $290,757 -- --
2023 $37,771 $503,472 $110,296 $393,176
2022 $37,615 $395,080 $104,020 $291,060
2021 $39,187 $364,644 $106,992 $257,652
2020 $38,209 $284,400 $82,386 $202,014
2019 $37,511 $325,350 $80,622 $244,728
2018 $36,529 $283,500 $59,400 $224,100
2017 $36,344 $268,362 $62,820 $205,542
2016 $35,683 $214,686 $64,998 $149,688
2015 $44,914 $294,151 $61,291 $232,860
Source: Public Records

Agents Affiliated with this Home

  • Richard Newhouse

    Seller's Agent in 2021

    Richard Newhouse

    Newhouse Realty & Mortgage

    (602) 526-2900

    3 in this area

    10 Total Sales

    Section Image

  • R

    Seller Co-Listing Agent in 2021

    Raymond Newhouse

    Newhouse Realty & Mortgage

    (602) 375-9000

    4 in this area

    9 Total Sales

    Raymond Newhouse
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5622840

Arizona Regional Multiple Listing Service (ARMLS)

APN: 208-12-007L

Arizona Maricopa County Phoenix 85022 Moon Valley

15640 N 7th St Unit 8, Phoenix, AZ

This home is located at 15640 N 7th St Unit 8, Phoenix, AZ 85022 since 22 June 2017 and is currently estimated at $2,181,945, approximately $150 per square foot. This property was built in 2002. 15640 N 7th St Unit 8 is a home located in Maricopa County with nearby schools including Lookout Mountain School, Mountain Sky Jr. High School, and Thunderbird High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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