NOT LISTED FOR SALE

1837 E Baseline Rd Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $1,348,335

-- Bed
-- Bath
6,061 Sq Ft
$222/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $640,000 $106 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $7,547/month

118 Days on Market

About This Home

As of October 2016

THIS 6000 SF COMMERCIAL STRIP MALL ON A 38202 SF LOT(0.88 ACRES) LAND OFFERS 6 SUITES, 3 SUITES CURRENTLY OCCUPIED BY THE TENANTS. LONG TERM LEASE AND THE MONTHLY RENTAL INCOME IS AROUND $2100. IT IS LESS THAN 1 MILE EASY ACCESS TO US 60 & 101 FREEWAYS. THIS PROPERTY OFFERS 53 PARKING SPACES AND THE ROLL DOWN DOOR AT THE BACK FOR EASY LOADING. IT IS GOOD FOR THE RETAIL SHOP PLUS ADDITIONAL SPACES FOR THE SHOW ROOM OR PRODUCT STORAGE. THE ESTIMATED NET OPERATING INCOME IS BASED ON ALL 6 SUITES WERE LEASED HOWEVER CURRENTLY ONLY THREE SUITES WERE LEASED.

Last Listed By

Shen-Yi Chang

DA FA Realty & Investments License #BR557057000 Listed on: 05/04/2016

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,015

Year Built

  • Built in 1979

Lot Details

  • 0.88 Acre Lot
  • Property is zoned COMMERCIAL

Home Design

  • Block Exterior

Interior Spaces

  • 6,061 Sq Ft Home
  • Concrete Flooring

Parking

  • 52 Open Parking Spaces
  • 52 Parking Spaces

Utilities

  • Heat Pump System

Community Details

  • Net Operating Income $25,200

Listing and Financial Details

  • Assessor Parcel Number 301-01-972

Property Details

Property Type

Other

Est. Annual Taxes

$2,015

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: McCLINTOCK & BASELINE ROAD
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: COMMERCIAL
  • Current Use: Mixed Use, Retail, Service Business, Religious Facility, Packge Store(Liquor), Restaurant, Fast Food, Office, Warehouse, Food Service
  • Number Of Buildings: 1
  • Year Built: 1979
  • Tax Year: 9429
  • Directions: SOUTHEAST SIDE OF THE MccLINTOCK & BASELINE ROAD, RIGHT BEHIND THE WONG'S PLACE RESAURANT
  • Lot Size Acres: 0.88
  • Structure Type: Commercial, Office, Distribution/Warehse
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Other, See Remarks
  • Construction Type: Block
  • Roof: Other, See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 52.0
  • Total Parking Spaces: 52.0
  • General Property Description:Uncvrd Parking Spcs: 52.0
  • General Property Description:Total Parking Spcs: 52.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Warehouse A/C, Office A/C
  • Heating: Heat Pump
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Fee Information

  • Annual Water Sewer Expense: 6000.0

Lot Info

  • Lot Size Sq Ft: 38202.0
  • Additional Parcels: No
  • Parcel #: 301-01-972
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 432.0
  • Insurance Expense: 500.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 25200.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 2015.0
  • Tax Book Number: 301.00
  • Tax Lot: 0
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2016
Closed on
Nov 3, 2016
Sold by
Chen Ching-Too
Bought by
Planned Parenthood Arizon A Inc
Seller's Agent
Shen-Yi Chang
DA FA Realty & Investments
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$699,000
Sold Price
$640,000
Premium/Discount to List
-$59,000
-8.44%
Total Days on Market
118
Current Estimated Value
$1,348,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$708,335
Avg. Annual Appreciation
9.20%
Interest Rate
3.54%

Purchase Details

Closed on
Nov 25, 1996
Sold by
Wedge Robert J and Wedge Mary J
Bought by
Chen Ching Too and Chen Hsiu Wen Regina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.53%
Mortgage Type
Seller Take Back

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
Planned Parenthood Arizon A Inc $620,000 --
Chen Ching Too $325,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Planned Parenthood Arizona Inc $930,000
Closed Planned Parenthood Arizon A Inc --
Previous Owner Chen Ching Too $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2016 10/31/16 Sold $640,000 -8.4% $106 / Sq Ft
08/28/2016 08/28/16 Pending -- -- --
05/02/2016 05/02/16 For Sale $699,000 -- $115 / 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 -- $125,316 -- --
2024 -- $119,348 -- --
2023 $0 $197,640 $73,815 $123,825
2022 $0 $172,305 $59,940 $112,365
2021 $0 $171,750 $59,940 $111,810
2020 $0 $172,260 $61,320 $110,940
2019 $0 $110,685 $54,330 $56,355
2018 $0 $97,002 $55,944 $41,058
2017 $9,619 $86,580 $51,786 $34,794
2016 $9,552 $77,652 $45,828 $31,824
2015 $9,429 $64,066 $39,683 $24,383
Source: Public Records

Agents Affiliated with this Home

  • Shen-Yi Chang

    Seller's Agent in 2016

    Shen-Yi Chang

    DA FA Realty & Investments

    (480) 838-8882

    15 Total Sales

    Shen-Yi Chang
    Section Image

  • N

    Buyer's Agent in 2016

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5437441

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-01-972

Arizona Maricopa County Tempe 85283 The Lakes

1837 E Baseline Rd, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 1837 E Baseline Rd, Tempe, AZ 85283 since 04 May 2016 and is currently estimated at $1,348,335, approximately $222 per square foot. This property was built in 1979. 1837 E Baseline Rd is a home located in Maricopa County with nearby schools including Fuller Elementary School, Fees College Preparatory Middle School, and Marcos De Niza High School.

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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