NOT LISTED FOR SALE

2327 E Van Buren St Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $382,918

-- Bed
-- Bath
4,024 Sq Ft
$95/Sq Ft Est. Value

Last Sold March 01, 2020

Last sale price $6,000 $1 Per Sq Ft

Est. 6,282% increase in value since last sale

Current estimated payment $2,476/month

259 Days on Market

Highlights

  • 0.82 Acre Lot
  • Ceramic Tile Flooring
  • Security Fence
  • Phoenix Coding Academy Rated A
  • Central Air
  • Multiple Heating Units

About This Home

As of March 2020

Salon de Eventos. C-3 zoned in a great location. Located next to I-10 and loop 202, near downtown phoenix and the airport. Completely renovated building operating with a special use permit for banquet hall. Many uses could be applied to this place, open floor plan allows build out of new business or keep current one going. Renovations include, completely new electrical, plumbing, water pressure regulator, AC system (2) 12.5 ton trane units, duct work, fire sprinkler system with 8'' fire riser, camera and alarm system. Interior redone with new tile, dry wall, insulation, texture, paint,
knotty alder doors, chandeliers, stage and kitchen. Exterior has 8' block fencing and iron gate for private parking, new asphalt parking lot surrounded by over 100 shrubs and trees, low water system

Last Agent to Sell the Property

Carlos Arellano

Equity Realty Group, LLC License #SA624186000 Listed on: 04/17/2019

Co-Listed By

Jorge Arellano

Equity Realty Group, LLC License #SA676554000

Last Buyer's Agent

Omar Robles

Realty of America LLC License #BR541635000

Realty of America LLC

Property Details

Property Type

  • Other

Year Built

  • Built in 1974

Lot Details

  • 0.82 Acre Lot
  • Security Fence
  • Block Wall Fence
  • Property is zoned C-3

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,024 Sq Ft Home
  • Ceramic Tile Flooring

Parking

  • 65 Open Parking Spaces
  • 65 Parking Spaces
  • Fenced Parking

Utilities

  • Central Air
  • Multiple Heating Units

Community Details

  • Building Dimensions are 150x235

Listing and Financial Details

  • Property Available on 4/15/19
  • Tenant pays for trash collection, electricity, exterior repair, water, sewer, contents insurance, liability insurance, capital improvements, parking area maint, taxes
  • The owner pays for fire insurance-bldg
  • Assessor Parcel Number 115-01-025-B

Property Details

Property Type

Other

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: 24st and Van Buren Avenue
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Lease
  • Zoning: C-3
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 70800.0
  • Lease Info Annual Lse Prc P S F: 17.59
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3-10
  • Lease Info Space Divisible: No
  • Year Built: 1974
  • Tax Year: 2018
  • Lot Size Acres: 0.82
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: eqrg01
  • Co List Office Phone: 623-209-9815
  • Structure Type: Commercial
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 4024.0

Exterior Features

  • Fencing: Security, Block
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Frame - Wood, Stucco, Block
  • Roof: Tile
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Fenced
  • Attached Garage: No
  • Open Parking Spaces: 65.0
  • Total Parking Spaces: 65.0
  • General Property Description:Uncvrd Parking Spcs: 65.0
  • General Property Description:Total Parking Spcs: 65.0
  • Parking:Fenced: Yes
  • Tenant Pays:Parking Area Maint: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: 2 or More Units, Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size: 150x235
  • Lot Size Sq Ft: 35600.0
  • Additional Parcels: No
  • Parcel #: 115-01-025-B
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2019-04-15

Multi Family

  • Owner Pays: Fire Insurance-Bldg
  • Tenant Pays: See Remarks, Trash Collection, Electricity, Exterior Repair, Water, Sewer, Contents Insurance, Liability Insurance, Capital Improvements, Parking Area Maint, Taxes
  • Existing Lease Type: Other (See Remarks), NNN, Modified Terms
  • Leasable Area: 4024.0

Tax Info

  • Tax Annual Amount: 5653.0
  • Tax Book Number: 115.00
  • Tax Lot: 0
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2021
Sold by
Arellano Carlos
Bought by
Golden Eagle Holdings Llc
Current Estimated Value
$382,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$459,063
Interest Rate
2.98%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 17, 2019
Closed on
Apr 2, 2020
Sold by
Golden Eagle Holding Llc
Bought by
Arellano Carlos
Seller's Agent
Carlos Arellano
Equity Realty Group, LLC
Buyer's Agent
Omar Robles
Realty of America LLC
List Price
$5,900
Sold Price
$6,000
Premium/Discount to List
$100
1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
3.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 21, 2018
Sold by
Arellano Carlos
Bought by
Golden Eagle Holdings Llc

Purchase Details

Closed on
Sep 19, 2017
Sold by
Golden Eagle Holdings Llc
Bought by
Arellano Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2013
Sold by
Chacon Lauro and Chacon Rodolfo
Bought by
Golden Eagle 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
$115,000
Interest Rate
4.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 15, 2002
Sold by
Motel 6 Operating Lp
Bought by
Chacon Lauro and Chacon Rodolfo
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Golden Eagle Holdings Llc -- Great American Ttl Agcy Inc
Arellano Carlos -- Driggs Title Agency Inc
Golden Eagle Holdings Llc -- Accommodation
Arellano Carlos -- American Title Service Agenc
Golden Eagle Holdings Llc $165,000 American Title Service Agenc
Chacon Lauro $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Golden Eagle Holdings Llc $500,000
Previous Owner Arellano Carlos $125,000
Previous Owner Arellano Carlos $100,000
Previous Owner Golden Eagle Holdings Llc $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2020 03/01/20 Sold $6,000 0.0% $1 / Sq Ft
01/01/2020 01/01/20 Off Market $6,000 -- --
12/30/2019 12/30/19 Pending -- -- --
04/15/2019 04/15/19 For Sale $5,900 -- $1 / 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 $5,713 $40,955 -- --
2024 $5,702 $40,224 -- --
2023 $5,702 $108,834 $60,180 $48,654
2022 $5,530 $92,278 $47,950 $44,328
2021 $5,771 $93,978 $49,320 $44,658
2020 $5,747 $94,338 $49,896 $44,442
2019 $5,722 $81,756 $38,592 $43,164
2018 $5,653 $83,538 $40,878 $42,660
2017 $5,255 $87,426 $42,588 $44,838
2016 $5,380 $29,700 $19,068 $10,632
2015 $5,394 $30,525 $19,598 $10,927
Source: Public Records

Agents Affiliated with this Home

  • Carlos Arellano

    Seller's Agent in 2020

    Carlos Arellano

    Equity Realty Group, LLC

    (623) 340-8072

    6 Total Sales

    Carlos Arellano
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jorge Arellano

    Equity Realty Group, LLC

    (623) 209-9815

    4 Total Sales

    Jorge Arellano
    Section Image
  • Omar Robles

    Buyer's Agent in 2020

    Omar Robles

    Realty of America LLC

    (602) 326-9496

    12 Total Sales

    Omar Robles
    Section Image
  • Christina Lozada

    Buyer Co-Listing Agent in 2020

    Christina Lozada

    Realty of America LLC

    (602) 460-4295

    1 in this area

    119 Total Sales

    Christina Lozada
    Section Image

  • C

    Buyer Co-Listing Agent in 2020

    Cristina Lozada

    neXGen Real Estate

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5912411

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-01-025B

Arizona Maricopa County Phoenix 85006 Central City

2327 E Van Buren St, Phoenix, AZ

Not Listed for Sale

Other

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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