$254,400
SOLD MAY 6, 2025
0.16 Acre
$1,590,000 Price per Acre
7,105 Sq Ft Lot

Recently Sold

20% Below List Price

141 Days on Market

About This Lot

As of May 2025

This opportunity consists of a ±7,105 SF parcel (zoned R-5), situated in Midtown Phoenix between Central Ave & 3rd St. This infill parcel is positioned perfectly for new construction for professional office or residential / multifamily uses. The surrounding area consists of similarly sized lots improved with small professional office / retail buildings, as well as much larger commercial multi-story office buildings, in-line retail centers / restaurants, and large multifamily product. The property is situated just west of 3rd St, which from Indian School to Roosevelt St is set to become a ''signature street that supports a live, work, play mixed-use district.'' This infill parcel is an excellent opportunity for office, medical office, or multi-family developers.

Last Agent to Sell the Property

Jake Vice

R.O.I. Properties License #SA697209000 Listed on: 12/04/2024

Co-Listed By

Tommy Moore

R.O.I. Properties License #SA708560000

Last Buyer's Agent

Austin Stocks

My Home Group Real Estate License #SA694365000

My Home Group Real Estate

Property Details

Property Type

  • Land

Lot Details

  • 7,105 Sq Ft Lot
  • Property is zoned R-5

Community Details

  • No Home Owners Association
  • Monterey Medical Plaza Subdivision

Listing and Financial Details

  • Assessor Parcel Number 118-34-060-A

Property Details

Property Type

Land

Lot Details

7,105 Sq Ft Lot

Listing Details

  • Cross Street: Central Ave and Osborn
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: R-5
  • Tax Year: 2024
  • Horses: No
  • Lot Size Acres: 0.16
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: Monterey Medical Plaza
  • Tax Parcel Letter: A
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Other, Single Family, Multi-Family, Commercial, Office

Exterior Features

  • Disclosures: Other (See Rmks)

Utilities

  • Electric: Other (See Rmks)
  • Water Source: See Remarks, City Franchise, Other

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 70x100
  • Lot Size Sq Ft: 7105.0
  • Additional Parcels: No
  • Parcel #: 118-34-060-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 10050.0
  • Tax Book Number: 118.00
  • Tax Lot: -
  • Tax Map Number: 34.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2024
Closed on
May 6, 2025
Sold by
Xeba Holdings Llc
Bought by
Realestate Capital Investments Llc
Seller's Agent
Jake Vice
R.O.I. Properties
Buyer's Agent
Austin Stocks
My Home Group Real Estate
List Price
$320,000
Sold Price
$254,400
Premium/Discount to List
-$65,600
-20.5%
Views
18
Current Estimated Value
$311,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,365
Original Mortgage
$400,000
Outstanding Balance
$397,146
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2019
Sold by
Bliss Family Three Llc
Bought by
Xeba Holdings Llc

Purchase Details

Closed on
Apr 17, 2006
Sold by
E & N Investments Llc
Bought by
Bliss Family Three Llc

Purchase Details

Closed on
Oct 28, 2004
Sold by
Griffin Pamela Ann
Bought by
Griffin William M
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

Date Type Sale Price Title Company
Warranty Deed $254,400 Pioneer Title Agency
Special Warranty Deed $140,000 Chicago Title Agency Inc
Cash Sale Deed $210,000 Grand Canyon Title Agency In
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2025 05/06/25 Sold $254,400 -20.5% --
04/24/2025 04/24/25 Pending -- -- --
12/04/2024 12/04/24 For Sale $320,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $3,152 $24,272 -- --
2024 $2,985 $23,279 -- --
2023 $2,985 $49,915 $48,895 $1,020
2022 $2,982 $37,196 $36,286 $910
2021 $3,071 $37,456 $36,520 $936
2020 $2,994 $36,491 $35,537 $954
2019 $2,864 $34,130 $33,212 $918
2018 $2,769 $17,815 $16,879 $936
2017 $2,642 $18,461 $17,597 $864
2016 $2,549 $16,782 $15,990 $792
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6790802

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-34-060A

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