NOT LISTED FOR SALE

Estimated Value: $311,765

0.16 Acre
$1,948,531 Price per Acre
7,105 Sq Ft Lot

Last Sold May 06, 2025

Last sale price $254,400

Est. 23% increase in value since last sale

Current estimated payment $1,893/month

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

0

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

Closed on
Nov 12, 2019
Sold by
Bliss Family Three Llc
Bought by
Xeba Holdings Llc
Current Estimated Value
$311,765

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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Xeba Holdings Llc $140,000 Chicago Title Agency Inc
Bliss Family Three Llc $210,000 Grand Canyon Title Agency In
Griffin William M -- --
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 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 $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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6790802

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-34-060A