NOT LISTED FOR SALE

2150 E Cactus Rd Phoenix, AZ 85022

Paradise Valley Village Neighborhood

Estimated Value: $1,682,981

-- Bed
-- Bath
12,201 Sq Ft
$138/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $1,800,000 $148 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $8,888/month

277 Days on Market

Highlights

  • 1.11 Acre Lot
  • Central Air
  • Concrete Flooring
  • Shadow Mountain High School Rated A-

About This Home

As of April 2022

Excellent value add opportunity in this busy retail center. Located on a high traffic intersection in North/Central Phoenix. Adjacent to EoS Fitness with other national tenants nearby. High vacancy property with deferred maintenance. Priced well below replacement cost. Potential for new owner to occupy space and collect lease revenue.

Last Agent to Sell the Property

Randy Erwin

Century 21 Arizona Foothills License #SA639091000 Listed on: 05/01/2021

Century 21 Arizona Foothills

Last Buyer's Agent

Roberta Voss

RE/MAX Professionals License #BR528165000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $19,835

Year Built

  • Built in 1988

Lot Details

  • 1.11 Acre Lot
  • Property is zoned C-2

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 12,201 Sq Ft Home
  • Concrete Flooring

Parking

  • 55 Open Parking Spaces
  • 55 Parking Spaces
  • Public Parking
  • Free Parking

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot -/-/A
  • Assessor Parcel Number 166-14-037-L

Community Details

Overview

  • Cactus Gardens Lot 26 86 Subdivision

Building Details

  • Operating Expense $19,835
  • Gross Income $35,074
  • Net Operating Income $51,717

Property Details

Property Type

Other

Est. Annual Taxes

$19,835

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Cross Street: Cave Creek Rd & Cactus Rd
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1988
  • Tax Year: 2020
  • Directions: Northeast on Cave Creek Rd. to Cactus. Property on on the Northeast corner in the shopping center south to EoS.
  • Lot Size Acres: 1.11
  • Subdivision Name: CACTUS GARDENS LOT 26-86
  • Structure Type: Commercial
  • Tax Parcel Letter: L
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 12201.0

Exterior Features

  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Public Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 55.0
  • Total Parking Spaces: 55.0
  • General Property Description:Uncvrd Parking Spcs: 55.0
  • General Property Description:Total Parking Spcs: 55.0
  • Parking:Free: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 48308.0
  • Parcel #: 166-14-037-L
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 35074.05
  • Property Net Operating Income: 51717.0
  • Annual Operating Expense: 19835.0
  • Vacancy Allowance Rate: 0.75

Tax Info

  • Tax Annual Amount: 19835.0
  • Tax Book Number: 166.00
  • Tax Lot: -/-/A
  • Tax Map Number: 14.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2021
Closed on
Apr 13, 2022
Sold by
Unknown
Bought by
Redeemed Christian Church Of God Throne Of Gr
Seller's Agent
Randy Erwin
Century 21 Arizona Foothills
Buyer's Agent
Roberta Voss
RE/MAX Professionals
List Price
$2,250,000
Sold Price
$1,800,000
Premium/Discount to List
-$450,000
-20%
Current Estimated Value
$1,682,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$117,019
Avg. Annual Appreciation
-1.93%
Original Mortgage
$1,350,000
Outstanding Balance
$1,278,166
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$404,815

Purchase Details

Closed on
Oct 29, 2020
Sold by
Tari Maria and Elmo Tari Revocable Trust
Bought by
Llmj Tari Llc

Purchase Details

Closed on
Jun 11, 2007
Sold by
Tari Elmo
Bought by
Elmo Tari Revocable Trust

Purchase Details

Closed on
Dec 18, 2003
Sold by
Tari Josephine G
Bought by
Tari Elmo
Source: Public Records

Range of Values:

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Average Value
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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
Redeemed Christian Church Of God Throne Of Gr $1,800,000 New Title Company Name
Llmj Tari Llc -- None Available
Elmo Tari Revocable Trust -- None Available
Tari Elmo -- Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Redeemed Christian Church Of God Throne Of Gr $1,350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2022 04/15/22 Sold $1,800,000 0.0% $148 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
02/01/2022 02/01/22 Off Market $1,800,000 -- --
04/30/2021 04/30/21 For Sale $2,250,000 -- $184 / 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 -- $188,028 -- --
2024 -- $184,670 -- --
2023 $0 $221,221 $71,417 $149,804
2022 $19,841 $220,868 $75,653 $145,215
2021 $20,468 $230,382 $77,814 $152,568
2020 $19,835 $231,336 $75,474 $155,862
2019 $19,861 $221,724 $69,084 $152,640
2018 $19,209 $214,740 $62,064 $152,676
2017 $18,413 $201,978 $62,064 $139,914
2016 $18,106 $181,674 $53,604 $128,070
2015 $17,233 $139,231 $40,885 $98,346
Source: Public Records

Agents Affiliated with this Home

  • Randy Erwin

    Seller's Agent in 2022

    Randy Erwin

    Century 21 Arizona Foothills

    (602) 418-1116

    1 in this area

    39 Total Sales

    Randy Erwin
    Section Image
  • Roberta Voss

    Buyer's Agent in 2022

    Roberta Voss

    RE/MAX

    (602) 697-0730

    3 in this area

    112 Total Sales

    Roberta Voss
    Section Image
  • Anuoluwa Ekunwe

    Buyer Co-Listing Agent in 2022

    Anuoluwa Ekunwe

    HomeSmart

    (602) 628-6081

    4 in this area

    64 Total Sales

    Anuoluwa Ekunwe
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6229871

Arizona Regional Multiple Listing Service (ARMLS)

APN: 166-14-037L

Arizona Maricopa County Phoenix 85022 Paradise Valley Village

2150 E Cactus Rd, Phoenix, AZ

This home is located at 2150 E Cactus Rd, Phoenix, AZ 85022 since 01 May 2021 and is currently estimated at $1,682,981, approximately $137 per square foot. This property was built in 1988. 2150 E Cactus Rd is a home located in Maricopa County with nearby schools including Larkspur Elementary School, Shea Middle School, and Shadow Mountain 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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