NOT LISTED FOR SALE

1940 E Thunderbird Rd Unit 101 Phoenix, AZ 85022

Paradise Valley Village Neighborhood

Estimated Value: $1,982,458

1 Bed
-- Bath
15,424 Sq Ft
$129/Sq Ft Est. Value

Last Sold April 01, 2023

Last sale price $1,000 $0 Per Sq Ft

Est. 198,146% increase in value since last sale

Current estimated payment $11,693/month

47 Days on Market

Highlights

  • 1.01 Acre Lot
  • Community Kitchen
  • Display Windows
  • Wood Flooring
  • Elevator

About This Home

As of April 2023

Beautifully updated first floor suite in Paradise Valley Plaza. C2 office building featuring a fantastic location. Suite 101 is an 855SF office space with a large, open space, and two private offices. Conveniently located near 51 and 101 freeways! Mailbox included(no interior janitorial).

Last Agent to Sell the Property

Patricia Cain

Ascend Realty License #BR536800000 Listed on: 02/03/2023

Co-Listed By

Brittany Thomas

Ascend Realty License #SA686784000

Last Buyer's Agent

Cenon Artus

Realty ONE Group License #SA645722000

Property Details

Property Type

  • Other

Year Built

  • Built in 1985

Lot Details

  • 1.01 Acre Lot
  • Additional Parcels
  • Property is zoned C2

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 15,424 Sq Ft Home
  • Display Windows
  • Wood Flooring

Parking

  • 1 Parking Space
  • Public Parking
  • 1 Covered Space
  • Free Parking
  • Paved Parking

Community Details

  • Community Kitchen
  • Elevator

Listing and Financial Details

  • Property Available on 2/3/23
  • Tenant pays for electricity, contents insurance, liability insurance, janitorial service
  • The owner pays for property taxes, exterior maint, common area maintenance, bldg liability ins, fire insurance-bldg, trash, sewer, water
  • Assessor Parcel Number 166-19-009-D

Property Details

Property Type

Other

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Cave Creek Road and Cactus
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Lease
  • Zoning: C2
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 11988.0
  • Lease Info Annual Lse Prc P S F: 14.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1
  • Lease Info Space Divisible: No
  • Lease Info Suite Floor Location: 1
  • Year Built: 1985
  • Tax Year: 2022
  • Lot Size Acres: 1.01
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: asce01
  • Co List Office Phone: 480-292-7200
  • Structure Type: Other (See Remarks), Commercial, Office
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood
  • Living Area: 15424.0

Exterior Features

  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Paved Parking, Public Parking, Free
  • Attached Garage: No
  • Total Parking Spaces: 1.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Office A/C
  • Green Building Features: Public Elevator(s), Kitchen, Display Window(s)
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Public Elevator(s): Yes
  • Amenities:Display Window(s): Yes

Lot Info

  • Lot Size Sq Ft: 44000.0
  • Additional Parcels: Yes
  • Parcel #: 166-19-009-D
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2023-02-03

Multi Family

  • Owner Pays: Property Taxes, Exterior Maint, Common Area Maint, Bldg Liability Ins, Fire Insurance-Bldg, Trash, Sewer, Water
  • Tenant Pays: Electricity, Contents Insurance, Liability Insurance, Janitorial Service
  • Existing Lease Type: Gross, Modified Terms
  • Leasable Area: 855.0

Tax Info

  • Tax Annual Amount: 17710.0
  • Tax Book Number: 166.00
  • Tax Lot: 0
  • Tax Map Number: 19.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Jul 16, 2021
Sold by
Paradise Valley Plaza Llc
Bought by
The Hehlen Company Llc
Seller's Agent
Teo Cupes
Prestige Realty
Buyer's Agent
Teo Cupes
Prestige Realty
List Price
$1,095
Sold Price
$999
Premium/Discount to List
-$96
-8.77%
Current Estimated Value
$1,982,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,981,459
Avg. Annual Appreciation
415.15%
Original Mortgage
$999,900
Outstanding Balance
$908,085
Interest Rate
2.96%
Mortgage Type
Commercial
Estimated Equity
$1,100,745

Purchase Details

Closed on
Apr 16, 2020
Sold by
Cbi Equity Llc
Bought by
Paradise Valley Plazza Llc

Purchase Details

Closed on
Mar 8, 2019
Sold by
Mfp I Llc
Bought by
Cbi Equity Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2012
Sold by
Vallanueva Brenda and Justiniani Rolando
Bought by
Mfp I Llc

Purchase Details

Closed on
Sep 8, 2006
Sold by
Villanueva Brenda and Justiniani Rolando
Bought by
Brendon Llc

Purchase Details

Closed on
Nov 17, 2005
Sold by
Brendon Llc
Bought by
Villanueva Brenda and Justiniani Rolando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
5.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2005
Sold by
Justiniani Rolando and Villanueva Brenda
Bought by
Brendon Llc

Purchase Details

Closed on
Jan 18, 2005
Sold by
Scottsdale Ga Llc
Bought by
Villanueva Brenda and Justiniani Rolando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,000
Interest Rate
5.69%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 23, 1997
Sold by
Mja Investments Inc
Bought by
Scottsdale Ga Llc

Purchase Details

Closed on
Apr 16, 1997
Sold by
Vermani P S and Vermani Tejinder
Bought by
Mja Investments Inc
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
The Hehlen Company Llc $1,785,000 Great American Ttl Agcy Inc
Paradise Valley Plazza Llc -- Clear Title Agency Of Az
Cbi Equity Llc $900,000 Clear Title Agency Of Az Llc
Mfp I Llc $715,001 Accommodation
Brendon Llc -- Arizona Title Agency Inc
Villanueva Brenda -- Arizona Title Agency Inc
Brendon Llc -- Transnation Title
Villanueva Brenda $1,660,000 Arizona Title Agency Inc
Scottsdale Ga Llc $750,000 Lawyers Title Of Arizona Inc
Mja Investments Inc $725,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Hehlen Company Llc $999,900
Previous Owner Cbi Equity Llc $1,100,000
Previous Owner Villanueva Brenda $950,000
Previous Owner Villanueva Brenda $820,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/01/2023 04/01/23 Sold $1,000 -16.7% $0 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
02/27/2023 02/27/23 Price Changed $1,200 -7.3% $0 / Sq Ft
02/14/2023 02/14/23 Price Changed $1,295 -4.1% $0 / Sq Ft
02/03/2023 02/03/23 For Sale $1,350 +35.1% $0 / Sq Ft
06/03/2021 06/03/21 Sold $999 0.0% $0 / Sq Ft View Prior Sale
12/14/2020 12/14/20 Price Changed $999 -8.8% $0 / Sq Ft
09/08/2020 09/08/20 For Sale $1,095 +9.5% $0 / Sq Ft
02/01/2020 02/01/20 Sold $1,000 0.0% $0 / Sq Ft View Prior Sale
09/25/2019 09/25/19 For Sale $1,000 0.0% $0 / Sq Ft
07/01/2019 07/01/19 Sold $1,000 -9.1% $0 / Sq Ft View Prior Sale
04/23/2019 04/23/19 Price Changed $1,100 -6.4% $0 / Sq Ft
04/17/2019 04/17/19 For Sale $1,175 -- $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 $17,152 $167,832 -- --
2024 $17,378 $164,835 -- --
2023 $17,378 $289,255 $72,845 $216,410
2022 $17,710 $221,865 $76,825 $145,040
2021 $18,270 $219,780 $79,020 $140,760
2020 $17,705 $229,824 $76,356 $153,468
2019 $17,728 $226,008 $69,894 $156,114
2018 $17,146 $205,956 $62,928 $143,028
2017 $16,436 $182,250 $62,928 $119,322
2016 $16,162 $147,006 $54,648 $92,358
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Patricia Cain

    Ascend Realty

  • B

    Seller Co-Listing Agent in 2023

    Brittany Thomas

    Ascend Realty

  • C

    Buyer's Agent in 2023

    Cenon Artus

    Realty One Group

    (623) 229-2324

    1 in this area

    31 Total Sales

    Cenon Artus
    Section Image
  • Teo Cupes

    Seller's Agent in 2021

    Teo Cupes

    Prestige Realty

    (480) 255-7327

    26 in this area

    53 Total Sales

    Teo Cupes
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6516216

Arizona Regional Multiple Listing Service (ARMLS)

APN: 166-19-009D

Arizona Maricopa County Phoenix 85022 Paradise Valley Village

1940 E Thunderbird Rd Unit 101, Phoenix, 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

Nearby Homes