NOT LISTED FOR SALE

Estimated Value: $401,157

Studio
-- Bath
975 Sq Ft
$411/Sq Ft Est. Value

Last Sold October 18, 2024

Last sale price $2,800 $3 Per Sq Ft

Est. 14,227% increase in value since last sale

Current estimated payment $2,379/month

33 Days on Market

Highlights

  • Central Air
  • Vinyl Flooring
  • 4-minute walk to Townsend Park
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of October 2024

Introducing an exceptional leasing opportunity in Phoenix, this freestanding building offers a prime location with high visibility and access. Boasting a conference room, kitchenette, and ADA-compliant bathroom, the property is thoughtfully equipped to meet diverse business needs. With ample parking and a front courtyard, it provides both convenience and a welcoming atmosphere for employees and visitors. Its strategic position ensures exposure to a high traffic count with easy freeway access, enhancing the appeal for businesses seeking a prominent presence. Don't miss the chance to lease this versatile property, designed to elevate your business operations and captivate your clientele.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 06/13/2024

Last Buyer's Agent

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 06/13/2024

Property Details

Property Type

  • Other

Year Built

  • Built in 1939

Lot Details

  • 5,038 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned C2, CC

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • 975 Sq Ft Home
  • Vinyl Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • Los Olivos 22 Thru 29, 32, 27 Subdivision

Listing and Financial Details

  • Property Available on 6/13/24
  • Tenant pays for trash collection, electricity, water, sewer, contents insurance, glass insurance, liability insurance, janitorial service, common area maintenance, parking area maint
  • The owner pays for property taxes
  • Tax Lot 51
  • Assessor Parcel Number 118-54-041

Property Details

Property Type

Other

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Cross Street: 7th St & McDowell
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Lease
  • Zoning: C2, CC
  • Lease Info Annual Lease Price: 33600.0
  • Lease Info Annual Lse Prc P S F: 34.5
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1-5
  • Lease Info Space Divisible: No
  • Year Built: 1939
  • Tax Year: 2023
  • Lot Size Acres: 0.12
  • Subdivision Name: LOS OLIVOS 22 THRU 29, 32, 27
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other, Vinyl
  • Living Area: 975.0

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Private Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Tenant Pays:Parking Area Maint: Yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 5038.0
  • Additional Parcels: No
  • Parcel #: 118-54-041
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2024-06-13

Multi Family

  • Owner Pays: Property Taxes
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Contents Insurance, Glass Insurance, Liability Insurance, Janitorial Service, Common Area Maintenance, Parking Area Maint
  • Existing Lease Type: Net, Modified Terms
  • Leasable Area: 974.0

Tax Info

  • Tax Annual Amount: 3499.0
  • Tax Book Number: 118.00
  • Tax Lot: 51
  • Tax Map Number: 54.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Sep 26, 2024
Sold by
Sunrise Point Financial Llc
Bought by
Blind Tiger Tattoo Llc
Seller's Agent
Don Mortensen
LRA Real Estate Group, LLC
Buyer's Agent
Don Mortensen
LRA Real Estate Group, LLC
List Price
$2,800
Sold Price
$2,800
Views
47
Current Estimated Value
$401,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,357
Original Mortgage
$173,000
Outstanding Balance
$171,181
Interest Rate
6.35%

Purchase Details

Closed on
Aug 14, 2020
Sold by
Big Fish Investments Llc
Bought by
Sunrise Point Financial Llc

Purchase Details

Closed on
Sep 17, 2019
Sold by
Webb Land Investments Inc
Bought by
Big Fish Ivestments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 2018
Sold by
Cao John Ngoc and Cao Vinita Rani
Bought by
Webb Land Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,900
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 2009
Sold by
Roby Cheryl J
Bought by
Cao John Ngoc and Cao Vinita Rani

Purchase Details

Closed on
Mar 10, 2005
Sold by
Lidner Marilyn
Bought by
Roby Cheryl J

Purchase Details

Closed on
Oct 15, 1998
Sold by
Lessig Terry W and Lessig Bonnie M
Bought by
Lidner Marilyn
Source: Public Records
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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
Blind Tiger Tattoo Llc $410,000 Security Title Agency
Sunrise Point Financial Llc $305,000 Great American Title Agency
Big Fish Ivestments Llc $349,000 Chicago Title Agency
Webb Land Investments Inc $215,000 Pioneer Title Agency Inc
Cao John Ngoc $100,000 Stewart Title Guaranty Compa
Roby Cheryl J $184,900 Grand Canyon Title Agency In
Lidner Marilyn $75,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blind Tiger Tattoo Llc $173,000
Closed Blind Tiger Tattoo Llc $215,000
Previous Owner Big Fish Ivestments Llc $300,000
Previous Owner Webb Land Investments Inc $227,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2024 10/18/24 Sold $2,800 -99.3% $3 / Sq Ft
10/10/2024 10/10/24 Sold $410,000 0.0% $421 / Sq Ft View Prior Sale
07/17/2024 07/17/24 Pending -- -- --
07/11/2024 07/11/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $410,000 +14542.9% $421 / Sq Ft
06/13/2024 06/13/24 For Sale $2,800 -- $3 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $3,532 $24,864 -- --
2024 $3,499 $24,420 -- --
2023 $3,499 $43,027 $31,399 $11,628
2022 $3,474 $34,825 $22,820 $12,005
2021 $3,546 $35,298 $23,472 $11,826
2020 $3,587 $29,772 $16,362 $13,410
2019 $3,581 $32,976 $13,266 $19,710
2018 $3,520 $26,100 $11,844 $14,256
2017 $3,438 $21,924 $12,348 $9,576
2016 $3,339 $19,962 $11,538 $8,424
2015 $3,176 $17,649 $11,692 $5,957
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6718586

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-54-041