$475,000
SOLD JUN 18, 2021
-- Bed
-- Bath
4,151 Sq Ft
0.4 Acres

Recently Sold

$114 Per Sq Ft

27% Below List Price

130 Days on Market

Highlights

  • Gated Community
  • 0.4 Acre Lot
  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Meeting Room
  • Security Fence

About This Home

As of February 2024

Fantastic opportunity to own 2 buildings in a corner lot in a heavy traffic area with high visibility! Zoned C2! Multi Use. Excellent location in the Central East Phoenix area. One building previously used by a well established medical office with waiting area, reception, lunch room, conference room, physicians offices and examination rooms. The other building is currently leased to a church services and to a Real Estate company.
Endless possibilities. Don't miss this income potential!! Buyer and Buyer's agent to verify all facts during inspection.

Last Agent to Sell the Property

Patricia Valdez

Trimark Homes, LLC License #BR513308000 Listed on: 12/07/2020

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,405

Year Built

  • Built in 1979

Lot Details

  • 0.4 Acre Lot
  • Security Fence
  • Property is zoned C2

Home Design

  • 4,151 Sq Ft Home
  • Built-Up Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces
  • Private Parking
  • Paved Parking
  • Fenced Parking

Utilities

  • Heat Pump System
  • 220 Volts

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 120-35-071

Community Details

Overview

  • 2 Buildings
  • Foote Add. Blks 7 9 Subdivision

Amenities

  • Meeting Room
  • Reception Area

Building Details

  • Operating Expense $15,865
  • Gross Income $19,572

Security

  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$10,405

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: THOMAS RD AND 24TH ST.
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2020
  • Directions: Go East to 25th Place. Property in the SE corner of Thomas and 25th Place.
  • Lot Size Acres: 0.4
  • Subdivision Name: FOOTE ADD. BLKS 7-9
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 4151.0

Exterior Features

  • Fencing: Security
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: 220 Volts, Individual Meter, Underground, SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Green Building Features: Conference Room, Reception Room, Clean Room, Security Gate
  • Water Source: City Franchise, Individual Meter
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Security Gate: Yes
  • Amenities:Clean Room: Yes

Fee Information

  • Trash Expense: 960.0
  • Annual Water Sewer Expense: 180.0

Lot Info

  • Lot Size Sq Ft: 17297.0
  • Parcel #: 120-35-071
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 1200.0
  • Annual Gross Income: 19572.0
  • Annual Operating Expense: 15865.0

Tax Info

  • Tax Annual Amount: 10405.0
  • Tax Book Number: 120.00
  • Tax Lot: 9
  • Tax Map Number: 35.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2023
Closed on
Feb 26, 2024
Sold by
Azc Place Llc
Bought by
Doray Realty Llc
Seller's Agent
Patricia Valdez
Trimark Homes, LLC
Buyer's Agent
Edward Green
HomeSmart
List Price
$850,000
Sold Price
$743,000
Premium/Discount to List
-$107,000
-12.59%
Views
59
Current Estimated Value
$770,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,327
Avg. Annual Appreciation
3.34%

Purchase Details

Closed on
May 12, 2016
Sold by
Civens Allan Z
Bought by
Azc Place

Purchase Details

Closed on
Apr 21, 1999
Sold by
Tsivyan Civens Ann
Bought by
Civens Allan Z

Purchase Details

Closed on
Apr 2, 1997
Sold by
New Century Trust
Bought by
Civens Allan Z and Tsivyan Civens Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
7.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 1996
Sold by
Kelly Judith and The Kelly Family Trust
Bought by
Stout Duane and The New Century Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 16, 1994
Sold by
Kelly Judith and Kelly Family Trust
Bought by
Kelly Judith and Kelly Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Special Warranty Deed $743,000 Pioneer Title
Special Warranty Deed -- None Available
Interfamily Deed Transfer -- --
Warranty Deed $255,000 Fidelity Title
Warranty Deed $230,000 Fidelity Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $198,000 Commercial
Previous Owner $180,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2024 02/26/24 Sold $743,000 -12.6% $179 / Sq Ft
01/14/2024 01/14/24 Pending -- -- --
11/02/2023 11/02/23 For Sale $850,000 0.0% $205 / Sq Ft
09/23/2023 09/23/23 Off Market $850,000 -- --
09/20/2023 09/20/23 Pending -- -- --
09/18/2023 09/18/23 For Sale $850,000 +78.9% $205 / Sq Ft
06/18/2021 06/18/21 Sold $475,000 -26.9% $114 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
12/07/2020 12/07/20 For Sale $650,000 -- $157 / 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 $10,050 $74,960 -- --
2024 $10,235 $73,622 -- --
2023 $10,235 $100,317 $61,013 $39,304
2022 $10,122 $99,786 $56,683 $43,103
2021 $10,665 $98,388 $58,302 $40,086
2020 $10,405 $81,635 $16,327 $65,308
2019 $10,332 $74,214 $53,136 $21,078
2018 $10,120 $67,824 $40,680 $27,144
2017 $9,729 $57,078 $40,680 $16,398
2016 $9,365 $54,432 $34,380 $20,052
2015 $10,113 $60,273 $30,266 $30,007
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6168705

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-35-071