NOT LISTED FOR SALE

Estimated Value: $532,444

Studio
2 Baths
1,650 Sq Ft
$323/Sq Ft Est. Value

Sale Details

Date Sold: June 20, 2017

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

Est. 75% increase in value since last sale

Current estimated payment $3,255 / mo

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
  • 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
  • Separate Meters

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

7,366 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2017
Closed on
Jun 7, 2017
Sold by
Bought by
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
$532,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,444
Avg. Annual Appreciation
6.39%
Original Mortgage
$25,000
Interest Rate
0.0394%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 13, 2006
Sold by
Bought by

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
0.0619%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 1996
Sold by
Bought by

Purchase Details

Closed on
Jan 3, 1995
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$304,000 Chicago Title Agency Inc
$385,500 Transnation Title Ins Co
$150,000 Chicago Title Insurance Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $25,000
Closed $259,250
Closed $230,000
Closed $308,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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