NOT LISTED FOR SALE

Estimated Value: $546,513

Studio
2 Baths
1,650 Sq Ft
$331/Sq Ft Est. Value

Last Sold June 20, 2017

Last sale price $304,000 $184 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,234/month

90 Days on Market

Highlights

  • Gated Community
  • Community Kitchen
  • Heating System Uses Natural Gas
  • Madison Heights Elementary School Rated A-
  • Stone Flooring

About This Home

As of June 2017

Well located single tenant ownership opportunity! This R-O zoned office building is located in the Biltmore/North Central office market. Walk to the corner of 16th Street & Bethany Home Rd and enjoy this revitalized restaurant and retail hub! More than 30,000 cars per day pass along Bethany Home Rd providing terrific visibility of your business. Allowable uses include Medical, Professional, and Brokerage/Sales offices. Covered and Uncovered Parking, and a gated entry that automatically locks overnight. The building features 6 rooms, a kitchen and a bathroom. Pitched vaulted ceilings and concrete floors!

Last Agent to Sell the Property

Greg Thielen

At Real Estate Services License #BR104208000 Listed on: 01/20/2017

Last Buyer's Agent

Shelly Lane

Compass License #SA526973000

Compass

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,189

Year Built

  • Built in 1953

Lot Details

  • 7,366 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned R-O

Home Design

  • 1,650 Sq Ft Home
  • Wood Frame Construction
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Stone
  • Concrete

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Heating System Uses Natural Gas
  • Heat Pump System

Community Details

  • Madison Village 2 Subdivision
  • Community Kitchen
  • Operating Expense $10,719
  • Gated Community

Listing and Financial Details

  • Tax Lot 43
  • Assessor Parcel Number 164-39-043

Property Details

Property Type

Other

Est. Annual Taxes

$4,189

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: Bethany Home Rd & 16th Street
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: R-O
  • Current Use: Office
  • Number Of Buildings: 1
  • Year Built: 1953
  • Tax Year: 2016
  • Lot Size Acres: 0.17
  • Road Surface Type: Asphalt, Dedicated Street, Concrete, Curb(s) & Gutter(s)
  • Subdivision Name: MADISON VILLAGE 2
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Stone, Concrete

Exterior Features

  • Fencing: Block
  • Construction Type: Frame - Wood, Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Private Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: Individual Meter, APS
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric, Natural Gas
  • Green Building Features: Kitchen, Security Gate
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Security Gate: Yes

Fee Information

  • Annual Water Sewer Expense: 1080.0

Lot Info

  • Lot Size Sq Ft: 7366.0
  • Additional Parcels: No
  • Parcel #: 164-39-043
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 3000.0
  • Insurance Expense: 950.0
  • Annual Operating Expense: 10719.0

Tax Info

  • Tax Annual Amount: 4189.0
  • Tax Book Number: 164.00
  • Tax Lot: 43
  • Tax Map Number: 39.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2017
Closed on
Jun 7, 2017
Sold by
Mma & M Enterprises Llc
Bought by
Reb Strategic Investments Llc
Seller's Agent
Greg Thielen
At Real Estate Services
Buyer's Agent
Shelly Lane
Compass
List Price
$379,000
Sold Price
$304,000
Premium/Discount to List
-$75,000
-19.79%
Current Estimated Value
$546,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,513
Avg. Annual Appreciation
7.00%
Original Mortgage
$259,250
Outstanding Balance
$215,642
Interest Rate
4.02%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$328,635

Purchase Details

Closed on
Mar 13, 2006
Sold by
G R Knowles Co Inc
Bought by
Mma & M Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,400
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 1996
Sold by
Saville Norman L and Saville Carolyn M
Bought by
G R Knowles Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 1995
Sold by
Saville Scott C
Bought by
Saville Norman L and Saville Carolyn M
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
Reb Strategic Investments Llc $304,000 Chicago Title Agency Inc
Mma & M Enterprises Llc $385,500 Transnation Title Ins Co
G R Knowles Co Inc $150,000 Chicago Title Insurance Co
Saville Norman L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reb Strategic Investments Llc $259,250
Previous Owner Mma & M Enterprises Llc $308,400
Previous Owner G R Knowles Co Inc $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2017 06/20/17 Sold $304,000 -19.8% $184 / Sq Ft
04/19/2017 04/19/17 Pending -- -- --
01/19/2017 01/19/17 For Sale $379,000 -- $230 / 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 $4,747 $36,438 -- --
2024 $4,680 $35,787 -- --
2023 $4,680 $46,495 $27,030 $19,465
2022 $4,674 $52,308 $23,853 $28,455
2021 $4,849 $54,648 $24,534 $30,114
2020 $4,773 $45,612 $23,274 $22,338
2019 $4,668 $42,048 $20,592 $21,456
2018 $4,554 $35,964 $17,838 $18,126
2017 $4,339 $30,870 $17,316 $13,554
2016 $4,190 $26,424 $22,968 $3,456
2015 $5,719 $39,258 $19,851 $19,407
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5549153

Arizona Regional Multiple Listing Service (ARMLS)

APN: 164-39-043