NOT LISTED FOR SALE

Estimated Value: $725,762

Studio
-- Bath
2,184 Sq Ft
$332/Sq Ft Est. Value

Last Sold September 29, 2016

Last sale price $240,000 $110 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $4,250/month

255 Days on Market

Highlights

  • Community Kitchen
  • Computer Room
  • Central Air
  • Phoenix Coding Academy Rated A
  • Display Windows
  • Heat Pump System

About This Home

As of September 2016

Great opportunity to own a restaurant or any other business in this great location minutes to I10, & airport. Current owner ran one of the ''cleanest'' restaurants here. There was an ABC news story on this amazing notoriety. The current owner is ready to pass on their legacy to another. This most sought after restaurant is now available for purchase w/all the equip you need to get started. They also have all the tables/chairs you need. Great signage on the building visible from all directions included off the I10. They had everything brought up to code & revamped & updated all the systems as needed. This is a must see! Dont miss out on your chance to run your own business- seller carry options this will help you get started TODAY! Easy to view- Call today- ask about the liquor lic.

Last Agent to Sell the Property

Deann Fry

West USA Realty License #SA586430000 Listed on: 12/29/2015

West USA Realty

Co-Listed By

Scott Ehret

West USA Realty License #SA645536000

West USA Realty

Last Buyer's Agent

Scott Ehret

West USA Realty License #SA645536000

West USA Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,858

Year Built

  • Built in 1937

Lot Details

  • 6,612 Sq Ft Lot
  • Property is zoned c-3

Home Design

  • Brick Exterior Construction
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,184 Sq Ft Home
  • Display Windows
  • Computer Room

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System
  • 220 Volts

Community Details

  • Building Dimensions are 131x50
  • Community Kitchen
  • Operating Expense $3,858

Listing and Financial Details

  • Assessor Parcel Number 115-02-083

Property Details

Property Type

Other

Est. Annual Taxes

$3,858

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Cross Street: 22nd St. & Van Buren
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: c-3
  • Current Use: Service Business, Restaurant, Fast Food, Food Service, Bar
  • Number Of Buildings: 1
  • Year Built: 1937
  • Tax Year: 2015
  • Lot Size Acres: 0.15
  • Road Surface Type: Concrete
  • Co List Office Mls Id: wusa87
  • Co List Office Phone: 602-942-4200
  • Structure Type: Commercial
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: None, Other, See Remarks
  • Construction Type: Stucco, Block, Brick
  • Roof: Foam
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:Free: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: 220 Volts, Individual Meter, APS
  • Cooling: Heat Pump, Office Evap, Central A/C
  • Heating: Electric, Other, See Remarks
  • Green Building Features: Kitchen, Computer Room, Display Window(s)
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Computer Room: Yes
  • Amenities:Display Window(s): Yes

Lot Info

  • Lot Size: 131x50
  • Lot Size Sq Ft: 6612.0
  • Additional Parcels: No
  • Parcel #: 115-02-083
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 3858.0

Tax Info

  • Tax Annual Amount: 3858.0
  • Tax Book Number: 115.00
  • Tax Lot: 0
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2025
Sold by
Jay Properties Llc
Bought by
City Of Phoenix
Current Estimated Value
$725,762

Purchase Details

Listed on
Dec 29, 2015
Closed on
Sep 29, 2016
Sold by
Medina Jorge Mario and Medina Linda Emma
Bought by
Why Fix We Buy Llc
Seller's Agent
Deann Fry
West USA Realty
Buyer's Agent
Scott Ehret
West USA Realty
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.35%
Original Mortgage
$218,000
Interest Rate
3.43%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 19, 2014
Sold by
Medina Jorge Mario and Medina Linda Emma
Bought by
Cas Az Neda Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.1%
Mortgage Type
Seller Take Back
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
City Of Phoenix -- Security Title Agency
Why Fix We Buy Llc $240,000 Stewart Title Arizona Agency
Cas Az Neda Llc $250,000 Stewart Title & Trust Of Pho
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Why Fix We Buy Llc $218,000
Previous Owner Cas Az Neda Llc $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2016 09/29/16 Sold $240,000 -4.0% $110 / Sq Ft
09/08/2016 09/08/16 Pending -- -- --
12/28/2015 12/28/15 For Sale $250,000 -- $114 / 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 $5,458 $40,574 -- --
2024 $5,649 $39,850 -- --
2023 $5,649 $42,687 $13,855 $28,832
2022 $5,479 $45,046 $18,533 $26,513
2021 $5,717 $45,864 $19,062 $26,802
2020 $5,693 $45,378 $18,810 $26,568
2019 $5,669 $39,690 $14,598 $25,092
2018 $5,601 $37,224 $12,816 $24,408
2017 $5,206 $38,142 $11,880 $26,262
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5376518

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-02-083A