NOT LISTED FOR SALE

1868 E Apache Blvd Unit 1 Tempe, AZ 85281

Apache Neighborhood

Estimated Value: $4,419,821

-- Bed
-- Bath
8,701 Sq Ft
$508/Sq Ft Est. Value

Last Sold April 01, 2019

Last sale price $2,700 $0 Per Sq Ft

Est. 163,597% increase in value since last sale

Current estimated payment $26,046/month

101 Days on Market

Highlights

  • 1.23 Acre Lot
  • 3-minute walk to Mcclintock Dr/Apache Blvd
  • Heating Available
  • Central Air
  • Concrete Flooring

About This Home

As of April 2019

Come join this Tempe Landmark, Restaurant space next to The Dhaba is now available. High Traffic Restaurant that fills up nightly. Be apart of this new restaurant destination. This is a great site with lots of parking and out door seating available. Steps away from the Light Rail Station, Take advantage of the growing Apache Blvd.

Last Listed By

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 12/15/2018

Property Details

Property Type

  • Other

Year Built

  • Built in 1974

Lot Details

  • 1.23 Acre Lot
  • Property is zoned C-G

Home Design

  • Tilt Up Walls
  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Community Details

  • Colonade Mall Subdivision

Listing and Financial Details

  • Property Available on 12/14/18
  • Tax Lot 1
  • Assessor Parcel Number 132-66-107

Property Details

Property Type

Other

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: E Apache Blvd and S McClintock Dr
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Lease
  • Zoning: C-G
  • Current Use: Retail, Restaurant
  • Lease Info Annual Lease Price: 32400.0
  • Lease Info Annual Lse Prc P S F: 18.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1-5
  • Lease Info Space Divisible: Yes
  • Lease Info Suite Size Avail Max: 1800
  • Year Built: 1974
  • Tax Year: 2018
  • Directions: North-side of Apache just East of McClintock. Across the Street from Police Station.
  • Lot Size Acres: 1.23
  • Subdivision Name: COLONADE MALL
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Disclosures: None
  • Construction Type: Tilt-Up, Block
  • Roof: Built-Up
  • Construction:Block: Yes
  • Construction:Tilt-Up: 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: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 53790.0
  • Additional Parcels: No
  • Parcel #: 132-66-107
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2018-12-14

Multi Family

  • Leasable Area: 3690.0

Tax Info

  • Tax Annual Amount: 16399.0
  • Tax Book Number: 132.00
  • Tax Lot: 1
  • Tax Map Number: 66.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2024
Sold by
Rca Holdings Llc
Bought by
Bedi Holdings Llc
Total Days on Market
101
Current Estimated Value
$4,419,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,910,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2012
Sold by
Salmi Rod and Salmi Marsi C
Bought by
Salmi Rod and Salmi Marsi C

Purchase Details

Closed on
Jun 22, 2007
Sold by
Marshall Md Elizabeth and The Elizabeth Marshall M D 200
Bought by
Rca Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$871,000
Interest Rate
6.21%
Mortgage Type
Commercial

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
Bedi Holdings Llc $4,400,000 Security Title Agency
Salmi Rod -- None Available
Rca Holdings Llc $947,198 Chicago Title Insurance Co
Marshall Elizabeth -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bedi Holdings Llc $1,777,200
Closed Bedi Holdings Llc $1,821,000
Previous Owner Bedi Holdings Llc $1,910,000
Previous Owner Rca Hddings Llc $800,000
Previous Owner Rca Holdings Llc $871,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2019 04/01/19 Sold $2,700 0.0% $0 / Sq Ft
12/14/2018 12/14/18 For Sale $2,700 -- $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 $17,089 $148,666 -- --
2024 $17,311 $145,288 -- --
2023 $17,311 $334,240 $244,446 $89,794
2022 $17,058 $231,277 $145,509 $85,768
2021 $17,578 $237,773 $148,781 $88,992
2020 $17,142 $223,547 $130,775 $92,772
2019 $16,817 $213,137 $120,563 $92,574
2018 $16,399 $192,408 $99,636 $92,772
2017 $15,820 $125,080 $87,748 $37,332
2016 $15,709 $109,536 $76,308 $33,228
2015 $15,519 $104,085 $78,814 $25,271
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2019

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    7 in this area

    123 Total Sales

    Don Mortensen
    Section Image

  • N

    Buyer's Agent in 2019

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5857778

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-66-107

Arizona Maricopa County Tempe 85281 Apache

1868 E Apache Blvd Unit 1, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 1868 E Apache Blvd Unit 1, Tempe, AZ 85281 since 15 December 2018 and is currently priced at $4,419,821, approximately $507 per square foot. This property was built in 1974. 1868 E Apache Blvd Unit 1 is a home located in Maricopa County with nearby schools including Thew Elementary School, Connolly Middle School, and McClintock 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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