NOT LISTED FOR SALE

2426 E Jefferson St Phoenix, AZ 85034

Central City Neighborhood

Estimated Value: $853,864

Studio
-- Bath
2,510 Sq Ft
$340/Sq Ft Est. Value

Last Sold January 01, 2017

Last sale price $27,000 $11 Per Sq Ft

Est. 3,062% increase in value since last sale

Current estimated payment $5,304/month

94 Days on Market

Highlights

  • 0.46 Acre Lot
  • 2-minute walk to 24Th St/Jefferson
  • Central Air
  • Phoenix Coding Academy Rated A
  • Community Kitchen
  • Concrete Flooring

About This Home

As of January 2017

OUTSTANDING VALUE. Ideal For Fast-Food Operating Restaurant. Store Has Been Opened Since 1985. Other Uses Could Be For Car Title Loan Office Or Retail Car/Sales Lot. This Is A Commercially Built Former National Fast Food Restaurant With Drive-Thru Lane. Kitchen Includes Two Walk-In Freezer Boxes-10'X 8' & 7' X 4'. Also, A 12 ft. Modern Cooking Hood, A Large Front Lobby Seating 62 Guests, Existing Cooking Equipment Is Also Available As A Separate Purchase. Please Do Not Disturb Current Workers On Site As This Is A Open & Operating Restaurant Open Daily. There Is No Hamburger Restrictions On This Property.

Last Agent to Sell the Property

Tom Torbert

MoreChoices Real Estate, LLC License #SA010335000 Listed on: 09/06/2016

Co-Listed By

Melody Bramer

Keller Williams Integrity First License #SA526989000

Keller Williams Integrity First

Last Buyer's Agent

Melody Bramer

Keller Williams Integrity First License #SA526989000

Keller Williams Integrity First

Property Details

Property Type

  • Other

Year Built

  • Built in 1985

Lot Details

  • 0.46 Acre Lot
  • Block Wall Fence
  • Property is zoned C-3 Phoenix

Home Design

  • Built-Up Roof
  • Metal Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 33 Open Parking Spaces
  • 33 Parking Spaces

Utilities

  • Central Air
  • Multiple Heating Units
  • Heat Pump System
  • Heating System Uses Natural Gas
  • 440 Volts
  • 220 Volts

Listing and Financial Details

  • Property Available on 9/6/16
  • Tax Lot 10
  • Assessor Parcel Number 121-62-028-G

Community Details

Overview

  • Building Dimensions are 150.02 x 139.52 x 139.87 x 124.04
  • Crestwood Subdivision

Amenities

  • Community Kitchen

Property Details

Property Type

Other

Year Built

Built in 1985

Lot Details

0.46 Acres

Listing Details

  • Cross Street: 24TH. St., Fronts Jefferson.
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Lease
  • Zoning: C-3 Phoenix
  • Current Use: Retail, Automobile, Restaurant, Fast Food, Food Service
  • Number Of Buildings: 1
  • Lease Info Annual C A M Sq Ft: 4.33
  • Lease Info Annual Lease Price: 30.0
  • Lease Info Annual Lse Prc P S F: 11.96
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 2-5
  • Lease Info Space Divisible: No
  • Year Built: 1985
  • Tax Year: 2015
  • Lot Size Acres: 0.46
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Co List Office Mls Id: kwif01
  • Co List Office Phone: 480-854-2400
  • Subdivision Name: CRESTWOOD
  • Structure Type: Commercial
  • Tax Parcel Letter: G
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Built-Up, Metal, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 33.0
  • Total Parking Spaces: 33.0
  • General Property Description:Uncvrd Parking Spcs: 33.0
  • General Property Description:Total Parking Spcs: 33.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Tenant Pays:Parking Area Maint: Yes

Utilities

  • Electric: APS, Individual Meter, 220 Volts, 440 Volts, Over 220 Amp, 3 Phase Power
  • Cooling: Heat Pump, Central A/C
  • Heating: Heat Pump, 2 or More Units, Natural Gas
  • Green Building Features: Kitchen
  • Water Source: City Franchise, Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes

Association/Amenities

  • Amenities:Kitchen: Yes

Lot Info

  • Lot Size: 150.02 x 139.52 x 139.87 x 124.04
  • Lot Size Sq Ft: 20226.0
  • Additional Parcels: No
  • Parcel #: 121-62-028-G
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2016-09-06

Multi Family

  • Leasable Area: 2509.0

Tax Info

  • Tax Annual Amount: 10529.0
  • Tax Book Number: 121.00
  • Tax Lot: 10
  • Tax Map Number: 62.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2006
Sold by
Velasquez Greg R and Velasquez Cynthia Lee
Bought by
City Of Phoenix
Current Estimated Value
$853,864

Purchase Details

Closed on
Jun 8, 2006
Sold by
Colson Edward E
Bought by
City Of Phoenix

Purchase Details

Closed on
Oct 28, 2003
Sold by
Colson Edward E
Bought by
Colson Karen Jeanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 2003
Sold by
Velasquez Greg Ronald and Velasquez Cynthia Lee
Bought by
Velasquez Greg R and Velasquez Cynthia Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2003
Sold by
Colson Edward E
Bought by
Colson Edward E and Edward E Colson Iii Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 9, 2000
Sold by
Phe Son Properties
Bought by
Colson Edward A and Edward E Colson Iii Trust
Source: Public Records
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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
City Of Phoenix -- None Available
City Of Phoenix -- None Available
City Of Phoenix -- None Available
City Of Phoenix -- None Available
M & A Investments Inc $525,000 None Available
Colson Karen Jeanne -- Chicago Title Insurance Co
Velasquez Greg R -- Chicago Title Insurance Co
Colson Edward E -- Chicago Title Insurance Co
Colson Edward A $275,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Colson Edward E $441,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/01/2017 01/01/17 Sold $27,000 +980.0% $11 / Sq Ft
12/07/2016 12/07/16 Pending -- -- --
09/04/2016 09/04/16 For Sale $2,500 -- $1 / 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 $11,012 $78,948 -- --
2024 $10,992 $77,538 -- --
2023 $10,992 $91,613 $31,841 $59,772
2022 $10,660 $86,223 $29,645 $56,578
2021 $11,125 $88,614 $30,492 $58,122
2020 $11,077 $89,712 $30,582 $59,130
2019 $11,030 $66,276 $23,472 $42,804
2018 $11,065 $68,238 $20,646 $47,592
2017 $10,284 $68,490 $19,116 $49,374
2016 $10,529 $63,702 $17,694 $46,008
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Tom Torbert

    MoreChoices Real Estate, LLC

  • Melody Bramer

    Seller Co-Listing Agent in 2017

    Melody Bramer

    Keller Williams Integrity First

    (602) 290-3643

    20 Total Sales

    Melody Bramer
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5493549

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-62-028G

Arizona Maricopa County Phoenix 85034 Central City

2426 E Jefferson 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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