NOT LISTED FOR SALE

15640 N 7th St Unit 9 Phoenix, AZ 85022

Moon Valley Neighborhood

Estimated Value: $2,202,188

-- Bed
-- Bath
14,519 Sq Ft
$152/Sq Ft Est. Value

Last Sold December 01, 2022

Last sale price $1,464 $0 Per Sq Ft

Est. 150,323% increase in value since last sale

Current estimated payment $14,834/month

68 Days on Market

Highlights

  • Community Kitchen
  • Computer Room
  • Ceramic Tile Flooring
  • Thunderbird High School Rated A-
  • Cooling Available
  • Heat Pump System

About This Home

As of December 2022

Public Remarks: The lease price will have an owner promotion of 50% reduction for the first six months. This lease price does not include the triple NET rate of $554 which added to the lease = a total monthly rate of $1286 for 6 months.. Completely refurbished interior. Has i private, 2 large private cubicle that could handle 2 or 4 people. Separate private bathroom. This office is located in a very desirable community of Moon Valley. Outstanding demographics Landlord will lease for18.50/SF lease rate per year/sf, will take either a 3 or 5 year initial lease. 4% increase per year on 18.50 lease. NNN = $554/mo.)should stay approximately the same. throughout lease.Excellent location!. Office layout is perfect for small business. 4% Increase on base lease rate after year 1. Not on NNN

Last Agent to Sell the Property

Richard Newhouse

Newhouse Realty & Mortgage License #BR519342000 Listed on: 08/06/2022

Co-Listed By

Raymond Newhouse

Newhouse Realty & Mortgage License #SA650985000

Last Buyer's Agent

Juan Velasquez

My Home Group Real Estate License #SA677993000

My Home Group Real Estate

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $37,340

Year Built

  • Built in 2002

Lot Details

  • Block Wall Fence
  • Additional Parcels
  • Property is zoned C-1

Home Design

  • Tile Roof
  • Block Exterior

Interior Spaces

  • 14,519 Sq Ft Home
  • Computer Room

Flooring

  • Carpet
  • Ceramic Tile

Parking

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Property Available on 8/6/22
  • The owner pays for management, taxes, exterior maintenance, common area maintenance, fire insurance, trash collection, bldg liability ins, glass insurance, 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: 554.0
  • Lease Info Annual Exp Stop Sq Ft: 7.0
  • Lease Info Annual Lease Price: 2226.0
  • Lease Info Annual Lse Prc P S F: 18.5
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3-5
  • Lease Info Space Divisible: Yes
  • Lease Info Suite Floor Location: B-9
  • Lease Info Suite Size Avail Max: 950sf
  • Year Built: 2002
  • Tax Year: 2021
  • Directions: South on 7th Street 1/2 mile to complex on West side of 7th St.
  • 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: Commercial, Office
  • Tax Parcel Letter: L
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 14519.0

Exterior Features

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

Garage/Parking

  • Parking Features: Free, Paved, Private
  • 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 Features Free2: Yes
  • Parking Features:Paved: Yes
  • Parking Features Private11: 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
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • 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: Yes
  • Parcel #: 208-12-007-L

Rental Info

  • Available Date: 2022-08-06

Multi Family

  • Owner Pays: Management, Taxes, Exterior Maintenance, Common Area Maintenance, Fire Insurance, Trash Collection, Bldg Liability Ins, Glass Insurance, Sewer, Water
  • Existing Lease Type: NNN, Gross, Modified Terms
  • Leasable Area: 950.0

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
Current Estimated Value
$2,202,188

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
$1,814,945
Interest Rate
6.12%
Mortgage Type
New Conventional

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

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
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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
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 Reinsch David A $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/04/2023 07/04/23 Off Market $1,464 -- --
12/01/2022 12/01/22 Sold $1,464 0.0% $0 / Sq Ft
10/13/2022 10/13/22 Pending -- -- --
08/26/2022 08/26/22 Price Changed $1,464 +75.1% $0 / Sq Ft
08/06/2022 08/06/22 For Sale $836 -- $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 $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

  • R

    Seller's Agent in 2022

    Richard Newhouse

    Newhouse Realty & Mortgage

    Section Image

  • R

    Seller Co-Listing Agent in 2022

    Raymond Newhouse

    Newhouse Realty & Mortgage

    (602) 375-9000

    4 in this area

    11 Total Sales

    Raymond Newhouse
    Section Image

  • J

    Buyer's Agent in 2022

    Juan Velasquez

    My Home Group Real Estate

    (623) 336-3337

    1 in this area

    16 Total Sales

    Juan Velasquez
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6446199

Arizona Regional Multiple Listing Service (ARMLS)

APN: 208-12-007L

Arizona Maricopa County Phoenix 85022 Moon Valley

15640 N 7th St Unit 9, Phoenix, AZ

This home is located at 15640 N 7th St Unit 9, Phoenix, AZ 85022 since 06 August 2022 and is currently priced at $2,202,188, approximately $151 per square foot. This property was built in 2002. 15640 N 7th St Unit 9 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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