NOT LISTED FOR SALE

1874 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 September 18, 2018

Last sale price $1,400 $0 Per Sq Ft

Est. 315,602% increase in value since last sale

Current estimated payment $26,046/month

1,198 Days on Market

Highlights

  • Central Air
  • Heating Available
  • 3-minute walk to Mcclintock Dr/Apache Blvd

About This Home

As of September 2018

Turn key Hair Salon ready for business. Fully furnished with chairs, display counter, cash register, etc. Next door to the famous Dhaba Restaurant. Plaza has high traffic and a distinct landmark design. One mile from Arizona State University, close to major freeways, and a few steps from the McClintock light rail station.

Last Listed By

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 06/09/2015

Property Details

Property Type

  • Other

Year Built

  • 1974

Lot Details

  • Property is zoned C-G

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Community Details

  • Colonade Subdivision

Listing and Financial Details

  • Property Available on 6/8/15
  • Assessor Parcel Number 132-66-107

Property Details

Property Type

Other

Year Built

1974

Lot Details

0

Listing Details

  • Cross Street: Price and Apache Boulevard
  • Property Type: Comm/Industry Lease
  • Zoning: C-G
  • Current Use: Retail
  • Lease Info Annual Lease Price: 18000.0
  • Lease Info Annual Lse Prc P S F: 14.4
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1-5
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 1250
  • Tax Year: 2014
  • Directions: North side of Apache,East of McClintock Close to McClintock Light Rail Station,the Domain & Tempe Metro Residences. Suite is the west end cap of the India Plaza and next door to the Dhaba Restaurant.
  • Co List Office Mls Id: lreg001
  • Co List Office Phone: 480-526-5644
  • Subdivision Name: Colonade
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other
  • Year Built (Public Record): 1974

Exterior Features

  • Disclosures: None
  • Construction Type: Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • 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

  • Additional Parcels: No
  • Parcel #: 132-66-107

Rental Info

  • Available Date: 2015-06-08

Multi Family

  • Leasable Area: 1250.0

Tax Info

  • Tax Annual Amount: 15713.0
  • Tax Book Number: 132.00
  • 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
1198
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:

Collateral Analytics

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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
09/18/2018 09/18/18 Sold $1,400 -6.7% $0 / Sq Ft
06/08/2015 06/08/15 For Sale $1,500 -- $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 2018

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    7 in this area

    123 Total Sales

    Don Mortensen
    Section Image

  • Z

    Seller Co-Listing Agent in 2018

    Zach Fuhriman

    LRA Real Estate Group, LLC

    (480) 415-2225

    1 in this area

    11 Total Sales

    Zach Fuhriman
    Section Image

  • N

    Buyer's Agent in 2018

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5291355

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-66-107

Arizona Maricopa County Tempe 85281 Apache

1874 E Apache Blvd Unit 1, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 1874 E Apache Blvd Unit 1, Tempe, AZ 85281 since 09 June 2015 and is currently priced at $4,419,821, approximately $507 per square foot. This property was built in 1974. 1874 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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