NOT LISTED FOR SALE

16742 E Parkview Ave Fountain Hills, AZ 85268

Estimated Value: $750,295

-- Bed
-- Bath
3,990 Sq Ft
$188/Sq Ft Est. Value

Last Sold March 11, 2022

Last sale price $740,000 $185 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,437/month

164 Days on Market

Highlights

  • Concrete Flooring
  • Fountain Hills Middle School Rated A-
  • Heating Available

About This Home

As of March 2022

Fantastic Opportunity - Commercial Building in the Heart of Downtown Fountain Hills, 1 block from Fountain Park. 6 Suites - multi-use building (Approx 3990 sf total rent-able space). 4 Suites at 700 sf and 2 at 595 sf approx. All currently rented - INCOME PRODUCING PROPERTY! Plenty of Free Parking and located on closet to all the action!

Last Agent to Sell the Property

Phyliss Kern

HomeSmart Lifestyles License #BR007239000 Listed on: 09/29/2021

HomeSmart Lifestyles

Last Buyer's Agent

Phyliss Kern

Coldwell Banker Success Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,484

Year Built

  • Built in 2005

Lot Details

  • 6,000 Sq Ft Lot
  • Property is zoned C-2

Home Design

  • Wood Frame Construction
  • Built-Up Roof

Interior Spaces

  • 3,990 Sq Ft Home
  • Concrete Flooring

Parking

  • 50 Open Parking Spaces
  • 50 Parking Spaces

Utilities

  • Heating Available

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 176-05-164

Community Details

Overview

  • Building Dimensions are 60X100
  • Fountain Hills Arizona No. 208 Block 5 8 Subdivision

Building Details

  • Operating Expense $6,668
  • Gross Income $58,961
  • Net Operating Income $52,278

Property Details

Property Type

Other

Est. Annual Taxes

$4,484

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: PARKVIEW AVE & SAGUARO BLVD
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Current Use: Mixed Use
  • Number Of Buildings: 1
  • Year Built: 2005
  • Tax Year: 2021
  • Directions: Shea Blvd to N on Saguaro Blvd, Turn Left on Parkview (across from Fountain Park), property will be on right side of road just before you reach La Montana.
  • Attribution Contact: MeredithAndLisa@azlisa.com
  • Lot Size Acres: 0.14
  • Road Surface Type: Asphalt
  • Subdivision Name: FOUNTAIN HILLS ARIZONA NO. 208 BLOCK 5-8
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 50.0
  • Total Parking Spaces: 50.0
  • General Property Description:Uncvrd Parking Spcs: 50.0
  • General Property Description:Total Parking Spcs: 50.0
  • Parking:Free: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Office A/C
  • Heating: Electric
  • Water Source: Private Franchise
  • Heating:Electric: Yes

Fee Information

  • Trash Expense: 787.25
  • Annual Water Sewer Expense: 540.0

Lot Info

  • Lot Size: 60X100
  • Lot Size Sq Ft: 6000.0
  • Additional Parcels: No
  • Parcel #: 176-05-164
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 58961.0
  • Property Net Operating Income: 52278.0
  • Annual Operating Expense: 6667.75
  • Leasable Area: 3990.0

Tax Info

  • Tax Annual Amount: 4484.0
  • Tax Book Number: 176.00
  • Tax Lot: 8
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2021
Closed on
Mar 21, 2022
Sold by
J & M Aronica Revocable Trust
Bought by
Khan Shameen and Mahmood Arshad
Seller's Agent
Phyliss Kern
HomeSmart Lifestyles
Buyer's Agent
Phyliss Kern
HomeSmart Lifestyles
List Price
$895,000
Sold Price
$740,000
Premium/Discount to List
-$155,000
-17.32%
Current Estimated Value
$750,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,295
Avg. Annual Appreciation
-0.05%

Purchase Details

Listed on
Sep 29, 2021
Closed on
Feb 7, 2022
Sold by
16742 Parkview Llc
Bought by
Khan Shameen and Mahmood Arshad
Seller's Agent
Phyliss Kern
HomeSmart Lifestyles
Buyer's Agent
Phyliss Kern
HomeSmart Lifestyles
List Price
$895,000
Sold Price
$740,000
Premium/Discount to List
-$155,000
-17.32%

Purchase Details

Closed on
Jul 5, 2012
Sold by
Aronica Joseph and Aronica Maria
Bought by
Aronica Joseph and Aronica Maria

Purchase Details

Closed on
Oct 4, 2005
Sold by
Savanno Development Llc
Bought by
16742 Parkview Llc

Purchase Details

Closed on
Nov 15, 2004
Sold by
Dipoce Saverio and Ferri Marisa
Bought by
Savanno Development Llc

Purchase Details

Closed on
Dec 16, 2003
Sold by
Hellems Sandra A
Bought by
Dipoce Saverio and Ferri Marisa

Purchase Details

Closed on
Dec 18, 2001
Sold by
Dinaso Mary and Dinaso Charles
Bought by
Hellems Sandra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2001
Sold by
Vitulli Maria R
Bought by
Vitulli Vito

Purchase Details

Closed on
Jun 24, 2001
Sold by
Vitulli Vito
Bought by
Dinaso Mary and Dinaso Charles

Purchase Details

Closed on
Jun 22, 2000
Sold by
Vitulli Vito and Wasson Richard D
Bought by
Vitulli Vito

Purchase Details

Closed on
Mar 14, 1999
Sold by
Meadows Branty and Meadows Dorothy L
Bought by
Vitulli Vito and Wasson Richard D

Purchase Details

Closed on
Jun 25, 1995
Sold by
Dawson Martin L
Bought by
Meadows Branty and Meadows Dorothy L
Source: Public Records

Range of Values:

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Average Value
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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
Khan Shameen $740,000 Pioneer Title
Khan Shameen -- Pioneer Title
Aronica Joseph -- None Available
16742 Parkview Llc $750,000 First American Title Ins Co
Savanno Development Llc -- Arizona Title Agency Inc
Dipoce Saverio $88,000 First American Title Ins Co
Hellems Sandra A $90,000 Security Title Agency
Vitulli Vito -- First American Title
Dinaso Mary $52,476 First American Title
Vitulli Vito -- --
Vitulli Vito $58,000 First American Title
Meadows Branty -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hellems Sandra A $70,000
Previous Owner Dawson Martin L $205,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2022 03/11/22 Sold $740,000 -6.9% $185 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
03/11/2022 03/11/22 Price Changed $795,000 0.0% $199 / Sq Ft
01/20/2022 01/20/22 Price Changed $795,000 -11.2% $199 / Sq Ft
09/28/2021 09/28/21 For Sale $895,000 -- $224 / 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 $4,181 $67,710 -- --
2024 $3,981 $66,501 -- --
2023 $3,981 $77,214 $12,682 $64,532
2022 $4,011 $71,891 $12,793 $59,098
2021 $4,484 $73,116 $13,158 $59,958
2020 $4,400 $73,332 $13,302 $60,030
2019 $4,477 $69,084 $11,466 $57,618
2018 $4,459 $69,948 $13,410 $56,538
2017 $4,292 $58,896 $13,410 $45,486
2016 $3,782 $53,982 $12,636 $41,346
2015 $4,040 $48,064 $16,077 $31,987
Source: Public Records

Agents Affiliated with this Home

  • Phyliss Kern

    Seller's Agent in 2022

    Phyliss Kern

    HomeSmart Lifestyles

    (480) 837-5833

    23 in this area

    37 Total Sales

    Phyliss Kern
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6299839

Arizona Regional Multiple Listing Service (ARMLS)

APN: 176-05-164

Arizona Maricopa County Fountain Hills 85268

16742 E Parkview Ave, Fountain Hills, AZ

This home is located at 16742 E Parkview Ave, Fountain Hills, AZ 85268 since 29 September 2021 and is currently estimated at $750,295, approximately $188 per square foot. This property was built in 2005. 16742 E Parkview Ave is a home located in Maricopa County with nearby schools including McDowell Mountain Elementary School and Fountain Hills Middle 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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