NOT LISTED FOR SALE

1616 N 89th Ave Unit na Phoenix, AZ 85037

Estimated Value: $1,077,247

-- Bed
-- Bath
6,577 Sq Ft
$164/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $840,000 $128 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $7,212/month

169 Days on Market

About This Home

As of December 2020

Family owned and operated child care
.Extremely spacious, functional design specific to child care needs. Hours of operation M-F, weekend viewing only.
If you are looking to grow your current business, this is a fantastic opportunity. Large facility, furnished, full commercial kitchen, transportation Van, and existing client list.

Last Agent to Sell the Property

Tia Carroll

Platinum Realty Group License #SA666193000 Listed on: 03/18/2019

Last Buyer's Agent

Greg Yurkovic

Platinum Realty Group License #BR579899000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,000

Year Built

  • Built in 2002

Lot Details

  • 1.15 Acre Lot
  • Block Wall Fence
  • Chain Link Fence
  • Property is zoned C-2

Home Design

  • 6,577 Sq Ft Home
  • Wood Frame Construction
  • Foam Roof

Parking

  • 65 Open Parking Spaces
  • 65 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 102-92-002

Community Details

Overview

  • N W C 89Th Avenue And Mcdowell Road Subdivision

Building Details

  • Operating Expense $26,560
  • Net Operating Income $254,321

Property Details

Property Type

Other

Est. Annual Taxes

$10,000

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Cross Street: McDowell and 89th Avenue
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Current Use: Service Business
  • Number Of Buildings: 1
  • Year Built: 2002
  • Tax Year: 2019
  • Lot Size Acres: 1.15
  • Subdivision Name: N W C 89TH AVENUE AND MCDOWELL ROAD
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Block, Chain Link
  • Construction Type: Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 65.0
  • Total Parking Spaces: 65.0
  • General Property Description:Uncvrd Parking Spcs: 65.0
  • General Property Description:Total Parking Spcs: 65.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

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

Fee Information

  • Trash Expense: 1590.0

Lot Info

  • Lot Size Sq Ft: 50209.0
  • Additional Parcels: No
  • Parcel #: 102-92-002
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 6730.0
  • Insurance Expense: 3250.0
  • Maintenance Expense: 4990.0
  • Property Net Operating Income: 254321.0
  • Annual Operating Expense: 26560.0

Tax Info

  • Tax Annual Amount: 10000.0
  • Tax Book Number: 102.00
  • Tax Lot: 2
  • Tax Map Number: 92.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2019
Closed on
Feb 1, 2021
Sold by
Lwa Child Care Llc
Bought by
Cook Brothers Properties Llc
Seller's Agent
Tia Carroll
Platinum Realty Group
Buyer's Agent
Greg Yurkovic
Platinum Realty Group
List Price
$970,000
Sold Price
$840,000
Premium/Discount to List
-$130,000
-13.4%
Total Days on Market
169
Current Estimated Value
$1,077,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,247
Avg. Annual Appreciation
5.80%
Original Mortgage
$400,000
Outstanding Balance
$361,645
Interest Rate
2.67%
Mortgage Type
Commercial
Estimated Equity
$715,602
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
Cook Brothers Properties Llc $802,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cook Brothers Properties Llc $400,000
Closed Cook Brothers Properties Llc $327,000
Closed Cook Brothers Properties Llc $320,000
Open Cook Brothers Properties Llc $3,270,002
Previous Owner Lwa Child Care Llc $585,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $840,000 +5.1% $128 / Sq Ft
11/12/2020 11/12/20 Price Changed $799,500 0.0% $122 / Sq Ft
09/02/2019 09/02/19 Pending -- -- --
04/13/2019 04/13/19 Price Changed $799,500 -17.6% $122 / Sq Ft
03/17/2019 03/17/19 For Sale $970,000 -- $147 / 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 $14,180 $107,392 -- --
2024 $14,446 $102,278 -- --
2023 $14,446 $141,910 $43,360 $98,550
2022 $13,947 $118,980 $32,250 $86,730
2021 $13,313 $118,470 $32,250 $86,220
2020 $12,972 $116,050 $28,790 $87,260
2019 $12,943 $109,580 $25,480 $84,100
2018 $11,837 $108,170 $23,780 $84,390
2017 $10,693 $96,420 $23,090 $73,330
2016 $10,162 $87,890 $20,000 $67,890
2015 $9,694 $73,890 $21,450 $52,440
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tia Carroll

    Platinum Realty Group

    Section Image
  • Greg Yurkovic

    Buyer's Agent in 2020

    Greg Yurkovic

    Platinum Realty Group

    (602) 920-9737

    97 Total Sales

    Greg Yurkovic
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5897723

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-92-002

Arizona Maricopa County Phoenix 85037

1616 N 89th Ave Unit na, Phoenix, AZ

This home is located at 1616 N 89th Ave Unit na, Phoenix, AZ 85037 since 18 March 2019 and is currently estimated at $1,077,247, approximately $163 per square foot. This property was built in 2002. 1616 N 89th Ave Unit na is a home located in Maricopa County with nearby schools including Desert Oasis Elementary School and Tolleson Union 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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