NOT LISTED FOR SALE

16872 E Avenue of the Fountains Unit 203 Fountain Hills, AZ 85268

Estimated Value: $3,121,884

-- Bed
-- Bath
2,000 Sq Ft
$1,561/Sq Ft Est. Value

Last Sold November 01, 2017

Last sale price $7,400 $4 Per Sq Ft

Est. 42,088% increase in value since last sale

Current estimated payment $20,125/month

1,651 Days on Market

Highlights

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

About This Home

As of November 2017

PRIME LOCATION FOR RETAIL/OFFICE CENTER OF TOWN, GORGEOUS VIEWS, ACROSS FROM THE FAMOUS FOUNTAIN HILLS FOUNTAIN. PARKING IN FRONT AND BACK. ELEVATOR AND 2 STAIR WELLS. CLOSE TO HIGHWAY 87 AND SHEA BLVD. ONLY THIRTY MINUTES TO SKY HARBOR AIRPORT. IMMEDIATE OCCUPANCY.

Last Agent to Sell the Property

Dzintars Grauds

MCO Realty License #BR046636000 Listed on: 02/01/2013

Last Buyer's Agent

Dzintars Grauds

MCO Realty License #BR046636000 Listed on: 02/01/2013

Property Details

Property Type

  • Other

Year Built

  • Built in 2001

Lot Details

  • 0.42

Home Design

  • Built-Up Roof
  • Block Exterior

Parking

  • 50 Open Parking Spaces
  • 50 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Concrete Flooring
  • Property is zoned C-2

Community Details

  • Plat 208 Subdivision
  • Elevator

Listing and Financial Details

  • Property Available on 3/15/16
  • Tax Lot 3A
  • Assessor Parcel Number 176-25-518

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, Retail, Service Business, Religious Facility, Restaurant, Medical/Dental, Office, Bar
  • Number Of Buildings: 1
  • Lease Info Annual C A M Sq Ft: 3.5
  • Lease Info Annual Lease Price: 24000.0
  • Lease Info Annual Lse Prc P S F: 12.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 02-05
  • Lease Info Space Divisible: No
  • Lease Info Suite Floor Location: 2
  • Lease Info Suite Size Avail Max: 2000
  • Year Built: 2001
  • Tax Year: 2015
  • Directions: SHEA BLVD TO SAGUARO BLVD NORTH ON SAGUARO TO AVENUE OF THE FOUNTAINS. THE BUILDING IS LOCATED ON THE NW CORNER OF AVENUE OF THE FOUNTAINS AND SAGUARO BLVD.
  • Road Surface Type: Asphalt, Dedicated Street
  • Subdivision Name: 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)
  • Water Source: Private Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Public Elevator(s): Yes

Lot Info

  • Additional Parcels: No
  • Parcel #: 176-25-518

Rental Info

  • Available Date: 2016-03-15

Multi Family

  • Leasable Area: 2000.0

Tax Info

  • Tax Annual Amount: 45345.0
  • 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
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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
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
11/01/2017 11/01/17 Sold $7,400 +196.0% $4 / Sq Ft
02/01/2013 02/01/13 For Sale $2,500 -- $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 2017

    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: 4883773

Arizona Regional Multiple Listing Service (ARMLS)

APN: 176-25-518

Arizona Maricopa County Fountain Hills 85268

16872 E Avenue of the Fountains Unit 203, Fountain Hills, AZ

This home is located at 16872 E Avenue of the Fountains Unit 203, Fountain Hills, AZ 85268 since 01 February 2013 and is currently estimated at $3,121,884, approximately $1,560 per square foot. This property was built in 2001. 16872 E Avenue of the Fountains Unit 203 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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