NOT LISTED FOR SALE

1867 E Baseline Rd Tempe, AZ 85283

The Lakes Neighborhood
Studio
-- Bath
10,560 Sq Ft
1.42 Acres

Last Sold June 22, 2016

Last sale price $1,250 $0 Per Sq Ft

89 Days on Market

About This Home

As of June 2016

Retail space in Tempe available at one of the busiest intersections in the city (Baseline & McClintock). With various space options available this is the perfect location for a Ballet Studio, Study Center, Contractors, Thrift Shops, and many more possibilities.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 03/23/2016

Last Buyer's Agent

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 03/23/2016

Property Details

Property Type

  • Other

Year Built

  • Built in 1978

Lot Details

  • 1.42

Home Design

  • Tile Roof
  • Block Exterior

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces

Additional Features

  • Concrete Flooring
  • Property is zoned PCC-1

Listing and Financial Details

  • Property Available on 3/23/16
  • Assessor Parcel Number 301-01-006-Z

Property Details

Property Type

Other

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Cross Street: Baseline and McClintock
  • Property Type: Comm/Industry Lease
  • Zoning: PCC-1
  • Current Use: Retail
  • Lease Info Annual Lease Price: 19440.0
  • Lease Info Annual Lse Prc P S F: 12.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1-5
  • Lease Info Space Divisible: Yes
  • Year Built: 1978
  • Tax Year: 2015
  • Structure Type: Commercial
  • Tax Parcel Letter: Z
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Disclosures: None
  • Construction Type: Block
  • Roof: Tile, 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:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Office A/C, Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Additional Parcels: No
  • Parcel #: 301-01-006-Z

Rental Info

  • Available Date: 2016-03-23

Multi Family

  • Leasable Area: 2160.0

Tax Info

  • Tax Annual Amount: 14222.0
  • Tax Book Number: 301.00
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2006
Sold by
Fragomeni John and Guidi Evelyn
Bought by
Baseline Village Llc

Purchase Details

Closed on
Apr 7, 2005
Sold by
Hertz Martin and Hertz Evelyn
Bought by
Baseline Village Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2001
Sold by
Karp Richard and Karp Diana Grand
Bought by
Hertz Martin and Hertz Evelyn

Purchase Details

Closed on
Sep 10, 2001
Sold by
Marcus Elizabeth M
Bought by
Hertz Martin and Hertz Evelyn

Purchase Details

Closed on
Jul 5, 2001
Sold by
Fragomeni Robert
Bought by
Fragomeni Robert and Robert Fragomeni Revocable Tru
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
Baseline Village Llc -- Chicago Title Insurance Co
Baseline Village Llc -- Chicago Title Insurance Co
Hertz Martin $70,000 First American Title Guarant
Hertz Martin $70,000 First American Title Guarant
Fragomeni Robert -- --
Fragomeni Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baseline Village Llc $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2016 06/22/16 Sold $1,250 -22.8% $0 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $1,620 -- $0 / 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 $16,069 $134,063 -- --
2024 $15,764 $131,669 -- --
2023 $15,764 $223,584 $125,171 $98,413
2022 $15,566 $188,843 $96,723 $92,120
2021 $16,121 $193,644 $99,486 $94,158
2020 $15,632 $199,350 $102,564 $96,786
2019 $15,335 $185,454 $90,378 $95,076
2018 $14,954 $176,562 $81,774 $94,788
2017 $14,509 $129,546 $75,708 $53,838
2016 $14,407 $116,226 $66,996 $49,230
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2016

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    119 Total Sales

    Don Mortensen
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5417259

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-01-006Z

Arizona Maricopa County Tempe 85283 The Lakes

1867 E Baseline Rd, Tempe, AZ

Not Listed for Sale

Other

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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