NOT LISTED FOR SALE

2323 W Van Buren St Phoenix, AZ 85009

Estrella Village Neighborhood
-- Bed
-- Bath
17,972 Sq Ft
0.66 Acres

Last Sold April 30, 2015

Last sale price $550,000 $31 Per Sq Ft

136 Days on Market

Highlights

  • Gated Community
  • 0.66 Acre Lot
  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Security Fence

About This Home

As of April 2015

Investment property 100% occupied. 2 tenants, Largest is auto body shop 8 yrs remaining on NNN lease. Current rent $.29 per sf per month,increase in 3 yrs. 2nd tenant auto repair; lease is up for renewal 2016. Modified lease; landlord pays real estate taxes & repair on exterior of building. Current rent $.17 per sf per month. The entire property contains 3 buildings on 28,871 sf lot. Buildings constructed from 1941 to 1980. Body shop occupies 2 buildings,11,940 sf on 20,662 sf of land.Part of body shop land is secured parking for autos to be worked on. Repair shop occupies 1 building 6,032 sf on 8,209 sf of land. The 16 parking spots in front of buildings is a city easement. Owner responsible to maintain parking. See Documents for income & expenses.Body shop 2323, repair 2315 W. Van Buren

Last Agent to Sell the Property

John Miller

Berkshire Hathaway HomeServices Arizona Properties License #BR005491000 Listed on: 03/06/2015

Berkshire Hathaway HomeServices Arizona Properties

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,922

Year Built

  • Built in 1980

Lot Details

  • 0.66 Acre Lot
  • Security Fence
  • Property is zoned C-3

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Metal Roof
  • Foam Roof
  • Block Exterior
  • Metal Siding

Interior Spaces

  • 17,972 Sq Ft Home
  • Concrete Flooring

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Public Parking
  • Private Parking
  • Paved Parking
  • Fenced Parking

Utilities

  • Heat Pump System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 109-33-044

Community Details

Overview

  • 3 Buildings
  • Building Dimensions are 208' x 138'

Building Details

  • Operating Expense $11,517
  • Gross Income $54,600
  • Net Operating Income $51,005

Security

  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$7,922

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Van Buren St & I-17 Frontage Rd
  • Legal Info Range: 2E
  • Property Type: Comm/Industry Sale
  • Zoning: C-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2013
  • Directions: Property located W of I-17 frontage Rd Traveling South on I-17 exit Jefferson cross over I-17 then go north on frontage Rd to Van Buren turn west. Traveling North take Jefferson to Van Buren then West
  • Lot Size Acres: 0.66
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Structure Type: Other (See Remarks), Commercial, Industrial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 17972.0

Exterior Features

  • Fencing: Security
  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Frame - Wood, Metal Siding, Block
  • Roof: Composition, Built-Up, Foam, Metal
  • Construction:Block: Yes
  • Construction:Metal: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking, Public Parking, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: 3 Phase Power, APS
  • Cooling: Heat Pump, Warehouse Evap, Office A/C
  • Heating: Heat Pump, Natural Gas
  • Green Building Features: Security Gate
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Office Heated: Yes
  • Heating:Warehouse Heated: Yes
  • 3 Phase Power: Yes

Association/Amenities

  • Amenities:Security Gate: Yes

Lot Info

  • Lot Size: 208' x 138'
  • Lot Size Sq Ft: 28871.0
  • Parcel #: 109-33-044
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 54600.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 51005.0
  • Annual Operating Expense: 11517.0

Tax Info

  • Tax Annual Amount: 7922.0
  • Tax Book Number: 109.00
  • Tax Lot: 2
  • Tax Map Number: 33.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2015
Closed on
Apr 23, 2015
Sold by
Sylsan Llc
Bought by
2323 W Van Buren Llc
Seller's Agent
John Miller
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$740,000
Sold Price
$550,000
Premium/Discount to List
-$190,000
-25.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2004
Sold by
Rekab Lp
Bought by
Marlil Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.62%
Mortgage Type
Seller Take Back
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
2323 W Van Buren Llc $550,000 Lawyers Title Of Arizona Inc
Marlil Inc $400,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 2323 W Van Buren Llc $275,000
Previous Owner Marlil Inc $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2015 04/30/15 Sold $550,000 -25.7% $31 / Sq Ft
12/18/2014 12/18/14 Pending -- -- --
08/04/2014 08/04/14 For Sale $740,000 -- $41 / 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 $8,673 $66,653 -- --
2024 $8,498 $65,463 -- --
2023 $8,498 $126,242 $73,219 $53,023
2022 $8,389 $86,625 $37,975 $48,650
2021 $9,140 $87,678 $39,060 $48,618
2020 $8,832 $78,210 $29,898 $48,312
2019 $8,734 $68,238 $20,880 $47,358
2018 $8,556 $66,546 $20,880 $45,666
2017 $8,227 $62,658 $21,744 $40,914
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    John Miller

    Berkshire Hathaway HomeServices Arizona Properties

    Section Image

  • N

    Buyer's Agent in 2015

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5154135

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-33-044A

Arizona Maricopa County Phoenix 85009 Estrella Village

2323 W Van Buren St, Phoenix, AZ

This home is located at 2323 W Van Buren St, Phoenix, AZ 85009 since 06 March 2015. This property was built in 1980. 2323 W Van Buren St is a home located in Maricopa County with nearby schools including Mary Mcleod Bethune School, Carl Hayden 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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