NOT LISTED FOR SALE

Estimated Value: $482,895

Studio
-- Bath
3,312 Sq Ft
$146/Sq Ft Est. Value

Last Sold December 21, 2021

Last sale price $460,000 $139 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,008/month

88 Days on Market

Highlights

  • 0.31 Acre Lot
  • Ceramic Tile Flooring
  • Central Air
  • Phoenix Coding Academy Rated A

About This Home

As of December 2021

Established church property for in South Phoenix. Parcel #'s 122-39-064 & -062. This property generates $3,000/month in income from the tenant/operator. The property is zoned R-3 multi-family, so an adaptive use to multi-family is an option! Excellent worship & lobby area along with a mens/ladies restrooms. A mezzanine area overlooks the worship area. In the rear is a kitchen and dining area for gatherings! There is a whole other parcel included in the sale for expansion. Owner will consider a seller carry-back with at least $100,000 down.

Last Agent to Sell the Property

Zachary Pebler

Realty ONE Group License #SA548325000 Listed on: 08/19/2021

Last Buyer's Agent

Van Nu

Better Homes & Gardens Real Estate SJ Fowler License #BR665977000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Property Type

  • Other

Year Built

  • Built in 1984

Lot Details

  • 0.31 Acre Lot
  • Property is zoned R-3

Home Design

  • 3,312 Sq Ft Home
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Free Parking

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 15 &13
  • Assessor Parcel Number 122-39-064

Community Details

Overview

  • Belmont Park Blks 1, 3 & 5 Subdivision

Building Details

  • Gross Income $36,000
  • Net Operating Income $36,000

Property Details

Property Type

Other

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 16th Street & Broadway Road
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2020
  • Lot Size Acres: 0.31
  • Subdivision Name: BELMONT PARK BLKS 1, 3 & 5
  • Structure Type: Other (See Remarks)
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 3312.0

Exterior Features

  • Construction Type: Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 13508.0
  • Parcel #: 122-39-064
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 36000.0
  • Property Net Operating Income: 36000.0

Tax Info

  • Tax Book Number: 122.00
  • Tax Lot: 15 &13
  • Tax Map Number: 39.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Dec 20, 2021
Sold by
Gospel 4 Life
Bought by
Arizona Zomi Christian Church
Seller's Agent
Zachary Pebler
Realty ONE Group
Buyer's Agent
Van Nu
Better Homes & Gardens Real Estate SJ Fowler
List Price
$499,900
Sold Price
$460,000
Premium/Discount to List
-$39,900
-7.98%
Current Estimated Value
$482,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,895
Avg. Annual Appreciation
1.20%

Purchase Details

Closed on
Dec 17, 2012
Sold by
Camp David University International Chur
Bought by
Gospel 4 Life

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2012
Sold by
State Bar Of Arizona
Bought by
Camp David University International Chur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 2007
Sold by
Christ Deliverance Tabernacle Inc
Bought by
Higher Heights Ministries Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.73%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Arizona Zomi Christian Church $430,000 Old Republic Title Agency
Gospel 4 Life -- None Available
Camp David University International Chur -- None Available
Higher Heights Ministries Inc $500,000 Magnus Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gospel 4 Life $300,000
Previous Owner Higher Heights Ministries Inc $75,000
Previous Owner Higher Heights Ministries Inc $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2021 12/21/21 Sold $460,000 -8.0% $139 / Sq Ft
08/19/2021 08/19/21 For Sale $499,900 -- $151 / 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 -- $49,976 -- --
2024 -- $47,596 -- --
2023 $0 $59,130 $6,990 $52,140
2022 $0 $53,460 $5,070 $48,390
2021 $7,131 $53,880 $5,070 $48,810
2020 $0 $52,980 $3,540 $49,440
2019 $0 $51,675 $3,015 $48,660
2018 $0 $51,060 $2,895 $48,165
2017 $0 $38,520 $3,015 $35,505
2016 $0 $37,215 $2,745 $34,470
2015 -- $34,272 $2,848 $31,424
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6281399

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-39-064