NOT LISTED FOR SALE

1940 E Thunderbird Rd Unit 102 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 August 01, 2020

Last sale price $1,325 $0 Per Sq Ft

Est. 149,519% increase in value since last sale

Current estimated payment $11,693/month

40 Days on Market

Highlights

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

About This Home

As of August 2020

Paradise Valley Plaza C2 office building features a fantastic location! Suite 102 features a nice sized reception area, four offices (one of which has two glass walls and would be a perfect boardroom), and a kitchen/storage area! One office is plumbed, making it good for medical, etc.

Paradise Valley Plaza is a 2 story 15,000sf office building that has been nicely updated. Space 102 is visible from Thunderbird/Cactus and the building is conveniently located near 51 and 101 freeways!

Price INCLUDES private mailbox, electric, water, CAM's (no interior janitorial).

Last Agent to Sell the Property

Teo Cupes

Prestige Realty License #BR573968000 Listed on: 06/05/2020

Prestige Realty

Last Buyer's Agent

Teo Cupes

Prestige Realty License #BR573968000 Listed on: 06/05/2020

Prestige Realty

Property Details

Property Type

  • Other

Year Built

  • Built in 1985

Lot Details

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

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Display Windows
  • Wood Flooring

Parking

  • 4 Open Parking Spaces
  • 5 Parking Spaces
  • 1 Covered Space

Utilities

  • Heating Available

Community Details

  • Community Kitchen
  • Elevator

Listing and Financial Details

  • Property Available on 6/15/20
  • 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: CO
  • Current Use: Mixed Use, Retail, Service Business, Retail PAD, Religious Facility, Medical/Dental, Office, Warehouse, Wholesale
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 15900.0
  • Lease Info Annual Lse Prc P S F: 14.43
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 2-10
  • Lease Info Space Divisible: No
  • Lease Info Suite Floor Location: 1
  • Year Built: 1985
  • Lot Size Acres: 1.01
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood, Other

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Office A/C
  • Heating: Electric
  • 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: 2020-06-15

Multi Family

  • Leasable Area: 1102.0

Tax Info

  • Tax Book Number: 166.00
  • Tax Lot: 0
  • Tax Map Number: 19.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2021
Sold by
Paradise Valley Plaza Llc
Bought by
The Hehlen Company Llc
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.
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
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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
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
08/01/2020 08/01/20 Sold $1,325 0.0% $0 / Sq Ft
06/05/2020 06/05/20 For Sale $1,325 +10.9% $0 / Sq Ft
10/08/2019 10/08/19 Sold $1,195 0.0% $0 / Sq Ft View Prior Sale
08/29/2019 08/29/19 Price Changed $1,195 -7.0% $0 / Sq Ft
04/23/2019 04/23/19 Price Changed $1,285 -6.5% $0 / Sq Ft
04/01/2019 04/01/19 For Sale $1,375 -- $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

  • Teo Cupes

    Seller's Agent in 2020

    Teo Cupes

    Prestige Realty

    (480) 255-7327

    26 in this area

    53 Total Sales

    Teo Cupes
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6087047

Arizona Regional Multiple Listing Service (ARMLS)

APN: 166-19-009D

Arizona Maricopa County Phoenix 85022 Paradise Valley Village

1940 E Thunderbird Rd Unit 102, 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

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