NOT LISTED FOR SALE

2225 E Mcdowell Rd Phoenix, AZ 85006

Central City Neighborhood
-- Bed
-- Bath
7,000 Sq Ft
0.69 Acres

Last Sold June 17, 2020

Last sale price $1,400,000 $200 Per Sq Ft

66 Days on Market

Highlights

  • Gated Community
  • 0.69 Acre Lot
  • Display Windows
  • Phoenix Coding Academy Rated A
  • Community Kitchen
  • Central Air

About This Home

As of June 2020

Located within Designated Opportunity Zone!
7,000 sq ft block construction building on a 30,000 sq ft lot. Includes, C-2, P-1 and R-3 Multi-Family zoning on rectangular lot. Large industrial/warehouse showroom flex space (estimated at 4,900 sq ft) includes rehabbed concrete floors, new 600 Amp electric service, updated plumbing, new roof, new HVAC, fire sprinklers to code and updated fire suppression system.
''Front of house (retail/office space) interior space includes modern conference room, multiple office spaces, bathrooms and kitchen/break room, totaling an estimated 2,100 sq ft.
Lot site includes paved public parking, paved gated parking, 4 large storage containers, including a custom, insulated container with large roll-up doors, and has access to/from McDowell and Brill Stree

Last Agent to Sell the Property

Luis Solis

HomeSmart License #SA555988000 Listed on: 06/17/2020

HomeSmart

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,211

Year Built

  • Built in 1958

Lot Details

  • 0.69 Acre Lot
  • Security Fence
  • Property is zoned C-2, P-1, R-3

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • 7,000 Sq Ft Home
  • Display Windows
  • Concrete Flooring

Parking

  • 25 Open Parking Spaces
  • 25 Parking Spaces
  • Public Parking
  • Private Parking
  • Free Parking
  • Paved Parking
  • Fenced Parking

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment

Utilities

  • Central Air
  • Multiple Heating Units
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 116-05-141-A

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Showroom

Building Details

  • Operating Expense $41,358
  • Gross Income $7,200

Security

  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$12,211

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 16th Street & McDowell Road
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2, P-1, R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2019
  • Directions: East on McDowell just past the 51 to property on south side of road.
  • Lot Size Acres: 0.69
  • Structure Type: Other (See Remarks), Commercial, Industrial, Office, Manufacturing, Distribution/Warehse
  • Tax Parcel Letter: A
  • Cooling ENERGY STAR Qualified Equipment: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 7000.0

Exterior Features

  • Fencing: Other, See Remarks, Security
  • Disclosures: ALTA Survey Availbl
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking, Public Parking, Free, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 25.0
  • Total Parking Spaces: 25.0
  • General Property Description:Uncvrd Parking Spcs: 25.0
  • General Property Description:Total Parking Spcs: 25.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: 3 Phase Power, Over 220 Amp, Master Meter, APS
  • Cooling: ENERGY STAR Qualified Equipment, Heat Pump, Central A/C, Office A/C, Warehouse A/C
  • Heating: Heat Pump, 2 or More Units, Electric
  • Green Building Features: Conference Room, Showroom, Kitchen, Showers - Office, Security Gate, Display Window(s)
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Electric Master Meter: Yes
  • Heating:Office Heated: Yes
  • Heating:Warehouse Heated: Yes
  • 3 Phase Power: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Showers - Office: Yes
  • Amenities:Showroom: Yes
  • Amenities:Display Window(s): Yes
  • Amenities:Security Gate: Yes

Fee Information

  • Trash Expense: 2700.0
  • Annual Water Sewer Expense: 420.0

Lot Info

  • Lot Size Sq Ft: 30000.0
  • Parcel #: 116-05-141-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 18000.0
  • Annual Gross Income: 7200.0
  • Insurance Expense: 5927.0
  • Maintenance Expense: 1500.0
  • Annual Operating Expense: 41358.0

Tax Info

  • Tax Annual Amount: 12211.0
  • Tax Book Number: 116.00
  • Tax Lot: 1
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2020
Closed on
Jun 10, 2020
Sold by
Marill Moore Studios Lllc
Bought by
Noble Rex Llc
Seller's Agent
Luis Solis
HomeSmart
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,500,000
Sold Price
$1,400,000
Premium/Discount to List
-$100,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,510,000
Outstanding Balance
$2,249,336
Interest Rate
3.2%
Mortgage Type
Small Business Administration

Purchase Details

Closed on
Aug 2, 2016
Sold by
2225 Mcdowell Llc
Bought by
Marill Moore Studios Llc

Purchase Details

Closed on
Mar 1, 2011
Sold by
Gerstner Robert L and Gerstner Jean M
Bought by
2225 Mcdowell Llc

Purchase Details

Closed on
Oct 5, 1999
Sold by
Scarf Irwin and Scarf Gloria
Bought by
Gerstner Robert and Gerstner Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
7.97%
Mortgage Type
Commercial
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
Noble Rex Llc $1,400,000 Clear Title Agency Of Az
Marill Moore Studios Llc $560,000 Great American Title Agency
2225 Mcdowell Llc -- None Available
Gerstner Robert $270,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Noble Rex Llc $2,510,000
Previous Owner Marill Moore Studios Llc $200,000
Previous Owner Marill Moore Studios Llc $664,000
Previous Owner Gerstner Robert L $243,357
Previous Owner Gerstner Robert $187,613
Previous Owner Gerstner Robert $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2020 06/17/20 Sold $1,400,000 -6.7% $200 / Sq Ft
06/17/2020 06/17/20 Price Changed $1,500,000 0.0% $214 / Sq Ft
05/06/2020 05/06/20 Price Changed $1,500,000 0.0% $214 / Sq Ft
02/10/2020 02/10/20 Pending -- -- --
12/06/2019 12/06/19 For Sale $1,500,000 -- $214 / 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 $11,878 $88,591 -- --
2024 $12,096 $87,009 -- --
2023 $12,096 $162,112 $91,630 $70,482
2022 $11,963 $122,466 $59,658 $62,808
2021 $12,605 $114,786 $54,954 $59,832
2020 $12,298 $110,844 $49,914 $60,930
2019 $12,211 $93,330 $26,892 $66,438
2018 $11,960 $62,766 $34,812 $27,954
2017 $10,795 $65,610 $36,270 $29,340
2016 $10,377 $60,318 $33,894 $26,424
2015 $10,369 $61,698 $40,848 $20,850
Source: Public Records

Agents Affiliated with this Home

  • Luis Solis

    Seller's Agent in 2020

    Luis Solis

    HomeSmart

    (602) 327-9319

    7 in this area

    93 Total Sales

    Luis Solis
    Section Image

  • N

    Buyer's Agent in 2020

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6012010

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-05-141A

Arizona Maricopa County Phoenix 85006 Central City

2225 E Mcdowell Rd, Phoenix, AZ

This home is located at 2225 E Mcdowell Rd, Phoenix, AZ 85006 since 17 June 2020. This property was built in 1958. 2225 E Mcdowell Rd is a home located in Maricopa County with nearby schools including Excelencia School, Camelback High School, and Phoenix Coding Academy.

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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