NOT LISTED FOR SALE

1721 E Mcdowell Rd Phoenix, AZ 85006

Brentwood Neighborhood
-- Bed
-- Bath
24,958 Sq Ft
1.1 Acres

Last Sold April 26, 2019

Last sale price $1,000,000 $40 Per Sq Ft

5 Days on Market

Highlights

  • 1.1 Acre Lot
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of April 2019

Century21 Commercial is proud to present The Miracle Mile Mart Retail Center in Central Phoenix. This center has been a go to destination in this neighborhood for many years. Seven total suites on separate water and electric meters. It is currently offered as a high vacancy center with two tenants. The parking lot is also leased to a nearby business for night parking. The owner has decided to sell at a bargain price and is offered in as-is condition. Tremendous upside in this value add opportunity. Located in the Opportunity Zone.

Last Agent to Sell the Property

Randy Erwin

Century 21 Arizona Foothills License #SA639091000 Listed on: 03/10/2019

Century 21 Arizona Foothills

Last Buyer's Agent

Randy Erwin

Century 21 Arizona Foothills License #SA639091000 Listed on: 03/10/2019

Century 21 Arizona Foothills

Property Details

Property Type

  • Other

Year Built

  • Built in 1954

Lot Details

  • 1.1 Acre Lot
  • Block Wall Fence
  • Property is zoned C-2

Home Design

  • Block Exterior

Interior Spaces

  • 24,958 Sq Ft Home
  • Concrete Flooring

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 116-14-087

Community Details

Overview

  • Governor Hunt Tract Subdivision

Building Details

  • Operating Expense $25,904
  • Net Operating Income $198,062

Property Details

Property Type

Other

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: 16th Street & Mcdowell Rd
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Current Use: Retail
  • Number Of Buildings: 1
  • Year Built: 1954
  • Tax Year: 2018
  • Directions: From 16th St & McDowell. East on McDowell to propert on south side of street.
  • Lot Size Acres: 1.1
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: GOVERNOR HUNT TRACT
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block
  • Construction Type: Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 30.0
  • Total Parking Spaces: 30.0
  • General Property Description:Uncvrd Parking Spcs: 30.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 47890.0
  • Additional Parcels: No
  • Parcel #: 116-14-087
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 198062.0
  • Annual Operating Expense: 25904.0

Tax Info

  • Tax Annual Amount: 25904.0
  • Tax Book Number: 116.00
  • Tax Lot: 0
  • Tax Map Number: 14.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2022
Sold by
Run Pad Llc
Bought by
Jain Property Trust
Total Days on Market
5

Purchase Details

Listed on
Mar 10, 2019
Closed on
Apr 3, 2019
Sold by
Miracle Mile Mart Building Inc
Bought by
Run Pad Llc
Seller's Agent
Randy Erwin
Century 21 Arizona Foothills
Buyer's Agent
Randy Erwin
Century 21 Arizona Foothills
List Price
$1,125,000
Sold Price
$1,000,000
Premium/Discount to List
-$125,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage
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
Jain Property Trust -- Nathaniel P Nickele Pllc
Run Pad Llc $100,000 American Title Svc Agcy Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Run Pad Llc $500,000
Previous Owner Miracle Mile Mart Building Inc $450,000
Previous Owner Miracle Mile Mart Building Unc $400,000
Previous Owner Miracle Mile Mart Building Inc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2019 04/26/19 Sold $1,000,000 -11.1% $40 / Sq Ft
03/14/2019 03/14/19 Pending -- -- --
03/09/2019 03/09/19 For Sale $1,125,000 -- $45 / 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 $25,236 $182,983 -- --
2024 $25,747 $179,716 -- --
2023 $25,747 $288,184 $138,159 $150,025
2022 $25,563 $234,938 $96,845 $138,093
2021 $26,095 $237,582 $99,612 $137,970
2020 $26,397 $227,052 $90,504 $136,548
2019 $26,353 $198,306 $68,706 $129,600
2018 $25,904 $189,324 $63,612 $125,712
2017 $25,302 $167,022 $66,258 $100,764
2016 $24,576 $151,596 $61,938 $89,658
2015 $23,372 $129,889 $61,790 $68,099
Source: Public Records

Agents Affiliated with this Home

  • Randy Erwin

    Seller's Agent in 2019

    Randy Erwin

    Century 21 Arizona Foothills

    (480) 505-4646

    41 Total Sales

    Randy Erwin
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5894351

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-14-087

Arizona Maricopa County Phoenix 85006 Brentwood

1721 E Mcdowell Rd, Phoenix, AZ

This home is located at 1721 E Mcdowell Rd, Phoenix, AZ 85006 since 10 March 2019. This property was built in 1954. 1721 E Mcdowell Rd is a home located in Maricopa County with nearby schools including Whittier Elementary School, North High School, and Phoenix Coding Academy.

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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