NOT LISTED FOR SALE

1747 Grand Ave Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $508,042

Studio
-- Bath
3,672 Sq Ft
$138/Sq Ft Est. Value

Sale Details

Date Sold: March 4, 2020

Last sale price $360,000 $98 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,319 / mo

3 Days on Market

Highlights

  • 0.72 Acre Lot
  • Community Kitchen
  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Central Air
  • Partially Fenced Property

About This Home

As of March 2020

Unbelievable opportunity to own an iconic, historic (MEL'S DINER) income property. This property was featured in the movie ''Alice Doesn't Live Here Anymore' and later it was the location for the TV series ''Alice''. The leased business is not for sale! This diner has been leased by the same family for over 11 years, and the lease is renewable in December for 5 years with a rent adjustment. Do not disturb tenant who is running a very successful restaurant business. Property sold ''as is''. Seller will not do repairs!

Last Agent to Sell the Property

Alan Scherling

Realty ONE Group License #SA016394000 Listed on: 02/12/2020

Realty ONE Group

Last Buyer's Agent

Andrew Maxson

My Home Group Real Estate License #SA553721000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,721

Year Built

  • Built in 1963

Lot Details

  • 31,439 Sq Ft Lot
  • Partially Fenced Property
  • Chain Link Fence
  • Additional Parcels
  • Property is zoned C-3, A-1

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 3,672 Sq Ft Home
  • Concrete Flooring

Parking

  • 55 Open Parking Spaces
  • 55 Parking Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 111-15-101

Community Details

Overview

  • Building Dimensions are irregular
  • North Grand Avenue Addition Several Lots Subdivision

Amenities

  • Community Kitchen

Building Details

  • Operating Expense $15,442
  • Gross Income $36,000
  • Net Operating Income $28,279

Property Details

Property Type

Other

Est. Annual Taxes

$7,721

Year Built

Built in 1963

Lot Details

0.72 Acres

Listing Details

  • Cross Street: Grand Avenue and McDowell
  • Legal Info Range: R3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-3, A-1
  • Current Use: Service Business, Restaurant, Food Service
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2019
  • Lot Size Acres: 0.72
  • Road Surface Type: Asphalt, Dedicated Street
  • Subdivision Name: NORTH GRAND AVENUE ADDITION several lots
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Chain Link, Partial
  • Construction Type: Frame - Wood, Block
  • Roof: Built-Up
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 55.0
  • Total Parking Spaces: 55.0
  • General Property Description:Uncvrd Parking Spcs: 55.0
  • General Property Description:Total Parking Spcs: 55.0
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Natural Gas
  • Green Building Features: Kitchen
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Association/Amenities

  • Amenities:Kitchen: Yes

Lot Info

  • Lot Size: irregular
  • Lot Size Sq Ft: 31439.0
  • Additional Parcels: Yes
  • Parcel #: 111-15-101
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 36000.0
  • Property Net Operating Income: 28279.0
  • Annual Operating Expense: 15442.0
  • Leasable Area: 3672.0

Tax Info

  • Tax Annual Amount: 7721.0
  • Tax Book Number: 111.00
  • Tax Lot: -
  • Tax Map Number: 15.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2020
Closed on
Apr 7, 2020
Sold by
Bought by
Seller's Agent
Alan Scherling
Realty ONE Group
Buyer's Agent
Andrew Maxson
My Home Group Real Estate
List Price
$379,000
Sold Price
$360,000
Premium/Discount to List
-$19,000
-5.01%
Current Estimated Value
$508,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,042
Avg. Annual Appreciation
5.51%
Original Mortgage
$266,200
Interest Rate
0.034%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 12, 2020
Closed on
Mar 9, 2020
Sold by
Bought by
Seller's Agent
Alan Scherling
Realty ONE Group
Buyer's Agent
Andrew Maxson
My Home Group Real Estate
List Price
$379,000
Sold Price
$360,000
Premium/Discount to List
-$19,000
-5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,200
Interest Rate
0.034%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 12, 2020
Closed on
Mar 2, 2020
Sold by
Bought by
Seller's Agent
Alan Scherling
Realty ONE Group
Buyer's Agent
Andrew Maxson
My Home Group Real Estate
List Price
$379,000
Sold Price
$360,000
Premium/Discount to List
-$19,000
-5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,200
Interest Rate
0.034%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Magnus Title Agency
-- None Available
$360,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $266,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/04/2020 03/04/20 Sold $360,000 -5.0% $98 / Sq Ft
02/15/2020 02/15/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $379,000 -- $103 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,352 $44,715
2024 $6,292 $43,917
2023 $6,292 $70,057 $32,436 $37,621
2022 $6,247 $59,465 $24,850 $34,615
2021 $6,377 $60,498 $25,560 $34,938
2020 $6,451 $61,902 $27,324 $34,578
2019 $6,440 $58,554 $25,938 $32,616
2018 $6,330 $54,180 $22,554 $31,626
2017 $6,183 $56,070 $23,490 $32,580
2016 $6,006 $43,794 $14,436 $29,358
2015 $5,711 $37,537 $14,449 $23,088
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Alan Scherling

    Realty One Group

    Section Image

  • A

    Buyer's Agent in 2020

    Andrew Maxson

    My Home Group

    (480) 704-3012

    4 in this area

    32 Total Sales

    Andrew Maxson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6036110

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-15-101

Arizona Maricopa County Phoenix 85007 Central City

1747 Grand Ave, Phoenix, AZ

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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