NOT LISTED FOR SALE

Estimated Value: $1,767,719

Studio
-- Bath
15,676 Sq Ft
$113/Sq Ft Est. Value

Sale Details

Date Sold: February 23, 2024

Last sale price $1,900,000 $121 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $11,398 / mo

106 Days on Market

Highlights

  • 1.12 Acre Lot
  • Central Air
  • Heat Pump System
  • Paradise Valley High School Rated A
  • Concrete Flooring

About This Home

As of February 2024

An excellent owner user building or as an investment. Paradise Place is located just south of E. Bell Road on 32nd Street. Twelve suites with several combined for the 8 tenants. Tenants include a hair salon, income tax store front, check cashing, used bookstore and a Fascinations retail store. Several tenants are on on ''month-to-month'' leases. End-cap location would work well for a carniceria or a specialty retail use desiring a presence on 32nd Street. 45 parking space.

Last Agent to Sell the Property

Thomas Keck

West USA Realty License #SA507106000 Listed on: 10/19/2023

West USA Realty

Last Buyer's Agent

Werner Von Borries

Special Agent License #BR520844000

Special Agent

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $24,973

Year Built

  • Built in 1986

Lot Details

  • 1.12 Acre Lot
  • Property is zoned C-2

Home Design

  • Block Exterior
  • Stucco

Interior Spaces

  • 15,676 Sq Ft Home
  • Concrete Flooring

Parking

  • 45 Open Parking Spaces
  • 45 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 214-31-014-B

Community Details

Overview

  • Kay Acres 3 Lots 1 25 Subdivision

Building Details

  • Operating Expense $24,973
  • Gross Income $15,634

Property Details

Property Type

Other

Est. Annual Taxes

$24,973

Year Built

Built in 1986

Lot Details

1.12 Acres

Listing Details

  • Cross Street: 32nd St. & E. Bell Rd.
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2022
  • Lot Size Acres: 1.12
  • Road Surface Type: Dedicated Street
  • Subdivision Name: KAY ACRES 3 LOTS 1-25
  • Structure Type: Commercial
  • Tax Parcel Letter: B
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 15676.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 45.0
  • Total Parking Spaces: 45.0
  • General Property Description:Uncvrd Parking Spcs: 45.0
  • General Property Description:Total Parking Spcs: 45.0
  • Parking Features Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 48805.0
  • Parcel #: 214-31-014-B
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 15634.0
  • Annual Operating Expense: 24972.54

Tax Info

  • Tax Annual Amount: 24972.54
  • Tax Book Number: 214.00
  • Tax Lot: 14
  • Tax Map Number: 31.00

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
Oct 19, 2023
Closed on
Mar 4, 2024
Sold by
Bought by
Seller's Agent
Thomas Keck
West USA Realty
Buyer's Agent
Werner Von Borries
Special Agent
List Price
$2,200,000
Sold Price
$1,900,000
Premium/Discount to List
-$300,000
-13.64%
Views
52
Current Estimated Value
$1,767,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$132,281
Avg. Annual Appreciation
-2.99%

Purchase Details

Closed on
Jan 13, 2017
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
$897,000
Interest Rate
0.0408%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 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
$1,275,000
Interest Rate
0.0657%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 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
$1,800,000 Magnus Title Agency
-- Fidelity National Title
$1,380,000 Fidelity Natl Title Agency I
-- Chicago Title Insurance Co
$425,000 North American Title Agency
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
Previous Owner $897,000
Previous Owner $1,275,000
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
02/23/2024 02/23/24 Sold $1,900,000 -9.5% $121 / Sq Ft
01/10/2024 01/10/24 Price Changed $2,100,000 -4.5% $134 / Sq Ft
10/19/2023 10/19/23 For Sale $2,200,000 -- $140 / 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 $24,186 $236,656
2024 $24,505 $232,430
2023 $24,505 $257,805 $79,628 $178,177
2022 $24,973 $241,431 $71,278 $170,153
2021 $25,762 $249,768 $73,314 $176,454
2020 $24,965 $257,256 $73,242 $184,014
2019 $24,998 $251,334 $67,698 $183,636
2018 $24,178 $258,156 $75,942 $182,214
2017 $23,176 $239,994 $75,942 $164,052
2016 $22,789 $224,316 $73,908 $150,408
2015 $21,690 $172,402 $57,313 $115,089
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6619708

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-31-014B

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