Seller's Agent in 2023
Reuben Nach
R.O.I. Properties
(602) 319-1326
1 in this area
50 Total Sales
220 E Southern Ave Phoenix, AZ 85040
South Mountain NeighborhoodEstimated Value: $1,606,751
Studio
--
Bath
16,594
Sq Ft
$97/Sq Ft
Est. Value
Highlights
- 1.6 Acre Lot
- Central Air
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of November 2023Golden Plaza (220 E Southern Ave) presents a compelling opportunity as a heavy-value add retail strip center in a South Phoenix Opportunity Zone. The property is situated close to the forthcoming Light Rail expansion and benefits from increased accessibility and economic growth. Boasting a diverse tenant mix on short-term leases, this value-add deal is further enhanced by its spacious 1.62- acre lot, offering ample parking at a rate of 4.40 spaces per 1,000 square feet. By implementing targeted capital improvements, this center has the potential to transform into a high-performing asset.
Last Agent to Sell the Property
R.O.I. Properties License #SA687040000 Listed on: 07/27/2023
Property Details
Property Type
- Other
Year Built
- Built in 1999
Lot Details
- 1.6 Acre Lot
- Property is zoned C-2
Home Design
- 16,594 Sq Ft Home
- Built-Up Roof
- Block Exterior
Parking
- 74 Open Parking Spaces
- 74 Parking Spaces
- Free Parking
- Paved Parking
Utilities
- Central Air
- Heating Available
Community Details
- Commercial Center Subdivision
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 113-43-059
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2023
Closed on
Nov 30, 2023
Sold by
Happy Mates Inc
Bought by
Nass 220 Llc
Seller's Agent
Reuben Nach
R.O.I. Properties
Buyer's Agent
Ismail Abushanab
American Realty Brokers
List Price
$2,120,000
Sold Price
$1,580,000
Premium/Discount to List
-$540,000
-25.47%
Views
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,751
Avg. Annual Appreciation
0.70%
Original Mortgage
$900,000
Outstanding Balance
$885,430
Interest Rate
7.63%
Mortgage Type
Seller Take Back
Estimated Equity
$721,321
Purchase Details
Closed on
Jun 30, 2008
Sold by
Falcon 7X Inc
Bought by
Wpc Southwest Industrial Llc
Purchase Details
Closed on
Sep 22, 2006
Sold by
Fuller Commerce Park Llc
Bought by
Talon 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
$1,500,000
Interest Rate
6.51%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 14, 2006
Sold by
Talon Holdings Llc
Bought by
Trowbridge Real Estate Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.51%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 10, 2006
Sold by
Tolkmit Elke
Bought by
Tolkmit Waldemar
Purchase Details
Closed on
Mar 22, 2000
Sold by
Novak Peter J and Novak Sarah T
Bought by
Evergreen Indian School Ltd Partnership
Purchase Details
Closed on
Sep 17, 1999
Sold by
Guttman Sandra S
Bought by
Guttman Richard T
Purchase Details
Closed on
Aug 13, 1999
Sold by
Bade Family Llc
Bought by
Fowler Edmund R and Fowler Janet B
Purchase Details
Closed on
Aug 29, 1997
Sold by
Novak Peter J and Novak Sarah T
Bought by
Novak Peter J and Novak Sarah T
Purchase Details
Closed on
Jan 8, 1996
Sold by
Cochran Alice
Bought by
Happy Mates Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
7.36%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 17, 1994
Sold by
Ben Horin Giora
Bought by
Novak Peter J and Novak Sarah T
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nass 220 Llc | $1,580,000 | Pioneer Title | |
| Wpc Southwest Industrial Llc | $34,504,440 | None Available | |
| Talon Holdings Llc | -- | Lawyers Title Insurance Corp | |
| Trowbridge Real Estate Investments Llc | $398,956 | Lawyers Title Insurance Corp | |
| Tolkmit Waldemar | -- | First American Title Ins Co | |
| Evergreen Indian School Ltd Partnership | $327,653 | Fidelity National Title | |
| Guttman Richard T | -- | -- | |
| Fowler Edmund R | $1,750,000 | First American Title | |
| Novak Peter J | -- | -- | |
| Novak Peter J | -- | -- | |
| Happy Mates Inc | $85,000 | Transamerica Title Ins Co | |
| Novak Peter J | $472,440 | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nass 220 Llc | $900,000 | |
| Previous Owner | Trowbridge Real Estate Investments Llc | $1,500,000 | |
| Previous Owner | Happy Mates Inc | $63,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/30/2023 11/30/23 | Sold | $1,580,000 | -12.2% | $95 / Sq Ft |
| 10/31/2023 10/31/23 | Pending | -- | -- | -- |
| 09/28/2023 09/28/23 | Price Changed | $1,800,000 | -15.1% | $108 / Sq Ft |
| 07/27/2023 07/27/23 | For Sale | $2,120,000 | -- | $128 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $38,117 | $261,121 | -- | -- |
| 2024 | $39,594 | $256,458 | -- | -- |
| 2023 | $39,594 | $355,368 | $68,918 | $286,450 |
| 2022 | $39,942 | $329,490 | $62,790 | $266,700 |
| 2021 | $41,918 | $336,744 | $64,584 | $272,160 |
| 2020 | $41,400 | $328,950 | $56,322 | $272,628 |
| 2019 | $40,061 | $306,900 | $45,054 | $261,846 |
| 2018 | $38,984 | $300,978 | $41,724 | $259,254 |
| 2017 | $37,155 | $263,520 | $43,470 | $220,050 |
| 2016 | $35,339 | $238,662 | $40,626 | $198,036 |
| 2015 | $34,189 | $192,734 | $40,534 | $152,200 |
Source: Public Records
Agents Affiliated with this Home
-
Reuben Nach
-
Beth Jo Zeitzer
Seller Co-Listing Agent in 2023
Beth Jo Zeitzer
R.O.I. Properties
(602) 653-0352
15 in this area
732 Total Sales
-
Ismail Abushanab
Buyer's Agent in 2023
Ismail Abushanab
American Realty Brokers
(602) 955-6606
1 in this area
15 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6585376
APN: 113-43-059
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.
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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