NOT LISTED FOR SALE

16872 E Avenue of the Fountains Unit 103 Fountain Hills, AZ 85268

Estimated Value: $3,121,884

-- Bed
-- Bath
2,420 Sq Ft
$1,290/Sq Ft Est. Value

Last Sold November 21, 2018

Last sale price $2,420 $1 Per Sq Ft

Est. 128,903% increase in value since last sale

Current estimated payment $20,125/month

322 Days on Market

Highlights

  • Community Kitchen
  • Elevator
  • Concrete Flooring
  • Fountain Hills Middle School Rated A-
  • Central Air
  • Heating Available

About This Home

As of November 2018

PRIME LOCATION FOR OFFICE/RETAIL LEASE./CENTER OF TOWN/ GORGEOUS VIEWS/ACROSS FROM THE WORLD'S TALLEST FOUNTAIN/PARKING FRONT & BACK/ELEVATOR/STAIRWELL/CLOSE TO HWY 87 & SHEA BLVD/ONLY 20-30 MINUTES FROM SCOTTSDALE & SKY HARBOR AIRPORT/OTHER UNITS ALSO AVAILABLE ON 1ST OR 2ND FLOOR, RANGING FROM 1694-7667 SF. AVAILABLE FOR IMMEDIATE OCCUPANCY!

Last Agent to Sell the Property

Dzintars Grauds

MCO Realty License #BR046636000 Listed on: 01/03/2018

Last Buyer's Agent

Dzintars Grauds

MCO Realty License #BR046636000 Listed on: 01/03/2018

Property Details

Property Type

  • Other

Year Built

  • Built in 2001

Lot Details

  • 0.42 Acre Lot
  • Property is zoned C-2

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 50 Open Parking Spaces
  • 50 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Property Available on 1/3/18
  • Tax Lot 3A
  • Assessor Parcel Number 176-25-518

Community Details

Overview

  • Building Dimensions are IRR
  • Fountain Hills Lot 3A Block 6 Plat 208 Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Elevator
  • Reception Area

Property Details

Property Type

Other

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Cross Street: SAGUARO BLVD & AVENUE OF THE FOUNTAINS/
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Lease
  • Zoning: C-2
  • Current Use: Mixed Use, Service Business
  • Number Of Buildings: 1
  • Lease Info Annual C A M Sq Ft: 5.0
  • Lease Info Annual Lease Price: 28920.0
  • Lease Info Annual Lse Prc P S F: 12.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 03-05
  • Lease Info Space Divisible: No
  • Lease Info Suite Floor Location: 1
  • Lease Info Suite Size Avail Max: 2420
  • Year Built: 2001
  • Tax Year: 2017
  • Directions: SHEA BLVD TO SAGUARO BLVD, NORTH ON SAGUARO BLVD TO AVE OF THE FOUNTAINS. NW CORNER OF AVE OF FTN & SAGUARO
  • Lot Size Acres: 0.42
  • Road Surface Type: Asphalt
  • Subdivision Name: FOUNTAIN HILLS LOT 3A BLOCK 6 PLAT 208
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: 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:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Tenant Pays:Parking Area Maint: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Public Elevator(s), Conference Room, Reception Room, Kitchen
  • Water Source: Private Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Public Elevator(s): Yes
  • Amenities:Conference Room: Yes

Lot Info

  • Lot Size: IRR
  • Lot Size Sq Ft: 18463.0
  • Additional Parcels: No
  • Parcel #: 176-25-518
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2018-01-03

Multi Family

  • Leasable Area: 2420.0

Tax Info

  • Tax Annual Amount: 57060.0
  • Tax Book Number: 176.00
  • Tax Lot: 3A
  • Tax Map Number: 25.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2022
Sold by
Madrona Of Fountain Hills Llc
Bought by
E M-H Trust
Current Estimated Value
$3,121,884

Purchase Details

Closed on
Aug 2, 2007
Sold by
Abra Investments
Bought by
Anderson Robert M and Anderson Family Trust

Purchase Details

Closed on
Dec 29, 2006
Sold by
State Farm Realty Investment Co
Bought by
Fcp Lot 3A Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
6.22%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 20, 2005
Sold by
Fountain Vista Properties Llc
Bought by
Madrona Of Fountain Hills Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.69%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 1999
Sold by
El Lugar Ltd Partnership
Bought by
Fountain Vista Properties
Source: Public Records

Range of Values:

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Average Value
Not Available
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
E M-H Trust $3,000,000 Grand Canyon Title
Anderson Robert M -- Fidelity Title
Birtcher Arthur B -- Fidelity Title
Rabban Theodore P -- Fidelity Title
Abra Investments -- Fidelity Title
Fcp Lot 3A Llc $1,100,000 Fidelity National Title
Madrona Of Fountain Hills Llc $4,500,000 Chicago Title Insurance Co
Fountain Vista Properties $434,600 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fcp Lot 3A Llc $950,000
Previous Owner Madrona Of Fountain Hills Llc $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2018 11/21/18 Sold $2,420 0.0% $1 / Sq Ft
01/03/2018 01/03/18 For Sale $2,420 -- $1 / 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 $37,765 $611,650 -- --
2024 $35,965 $600,727 -- --
2023 $35,965 $801,754 $35,717 $766,037
2022 $36,237 $578,515 $38,010 $540,505
2021 $40,505 $591,516 $39,096 $552,420
2020 $39,742 $583,488 $41,454 $542,034
2019 $40,441 $528,678 $39,474 $489,204
2018 $40,278 $489,024 $44,856 $444,168
2017 $46,758 $561,654 $44,856 $516,798
2016 $42,443 $562,320 $39,690 $522,630
2015 $45,345 $577,145 $51,319 $525,826
Source: Public Records

Agents Affiliated with this Home

  • Dzintars Grauds

    Seller's Agent in 2018

    Dzintars Grauds

    MCO Realty

    (602) 430-1176

    50 in this area

    55 Total Sales

    Dzintars Grauds
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5703751

Arizona Regional Multiple Listing Service (ARMLS)

APN: 176-25-518

Arizona Maricopa County Fountain Hills 85268

16872 E Avenue of the Fountains Unit 103, Fountain Hills, AZ

This home is located at 16872 E Avenue of the Fountains Unit 103, Fountain Hills, AZ 85268 since 03 January 2018 and is currently estimated at $3,121,884, approximately $1,290 per square foot. This property was built in 2001. 16872 E Avenue of the Fountains Unit 103 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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