NOT LISTED FOR SALE

Estimated Value: $480,988

Studio
3 Baths
2,469 Sq Ft
$195/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $400,000 $162 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,060/month

54 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of May 2021

Great Commercial Opportunity right on Indian School with 9 additional parking spots on north side of the building! Perfect for any small business just 1 mile from freeway access in a great central location.

Last Agent to Sell the Property

Thomas Mastromatto

Mountain Lake Realty License #BR104207000 Listed on: 01/08/2021

Last Buyer's Agent

Laura Ramirez

HomeSmart Premier License #SA669526000

HomeSmart Premier

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,435

Year Built

  • Built in 1950

Lot Details

  • 8,497 Sq Ft Lot
  • Property is zoned 8902

Home Design

  • 2,469 Sq Ft Home
  • Composition Roof
  • Block Exterior

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Community Details

  • Operating Expense $6,435

Listing and Financial Details

  • Tax Lot 140
  • Assessor Parcel Number 163-06-068

Property Details

Property Type

Other

Est. Annual Taxes

$6,435

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: Indian School & 24th St.
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: 8902
  • Current Use: Office
  • Number Of Buildings: 1
  • Year Built: 1950
  • Tax Year: 2020
  • Lot Size Acres: 0.2
  • Road Surface Type: Asphalt
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: None
  • Construction Type: Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 8497.0
  • Additional Parcels: No
  • Parcel #: 163-06-068
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 6435.0
  • Leasable Area: 2469.0

Tax Info

  • Tax Annual Amount: 6435.0
  • Tax Book Number: 163.00
  • Tax Lot: 140
  • Tax Map Number: 6.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2021
Closed on
May 20, 2021
Sold by
Equity Connect Holding Llc
Bought by
Az Real Estate Rescue Llc
Seller's Agent
Thomas Mastromatto
Mountain Lake Realty
Buyer's Agent
Laura Ramirez
HomeSmart Premier
List Price
$420,000
Sold Price
$400,000
Premium/Discount to List
-$20,000
-4.76%
Current Estimated Value
$480,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,988
Avg. Annual Appreciation
4.08%
Original Mortgage
$379,000
Outstanding Balance
$342,932
Interest Rate
3%
Mortgage Type
Small Business Administration
Estimated Equity
$138,056

Purchase Details

Closed on
Dec 23, 2020
Sold by
Phoenix Two Properties Llc
Bought by
Equity Connect 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
$175,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2010
Sold by
U S Bank National Association
Bought by
Phoenix Two Properties Llc

Purchase Details

Closed on
Aug 18, 2008
Sold by
2524 E Indian School Llc
Bought by
Us Bank Na and Lehman Brothers Small Balance Commercial

Purchase Details

Closed on
Sep 8, 2006
Sold by
Dziedzic David
Bought by
2524 E Indian School Llc

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
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2006
Sold by
2524 E Indian School Llc
Bought by
Dziedzic David John

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
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 2006
Sold by
Dziedzic David
Bought by
2524 E Indian School Llc

Purchase Details

Closed on
Sep 12, 2005
Sold by
Townsend Johnny T and Townsend Christine
Bought by
Dziedzic David

Purchase Details

Closed on
Aug 31, 2001
Sold by
Wilson Leigh Hunt and The Leigh Wilson Family Trust
Bought by
Townsend Johnny R and Townsend Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 13, 1999
Sold by
Wilson Leigh Hunt and Hunt P & Garnett M Wilson Trus
Bought by
The Leigh Wilson Family 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
Az Real Estate Rescue Llc $400,000 Pioneer Title Agency Inc
Equity Connect Holdings Llc $300,000 North American Title
Phoenix Two Properties Llc $245,000 Equity Title Agency Inc
Us Bank Na $288,653 None Available
2524 E Indian School Llc $295,000 None Available
Dziedzic David John -- Camelback Title Agency Llc
2524 E Indian School Llc -- None Available
Dziedzic David $295,000 Omega Title Agency Llc
Townsend Johnny R $155,000 Chicago Title Insurance Comp
The Leigh Wilson Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Az Real Estate Rescue Llc $379,000
Previous Owner Equity Connect Holdings Llc $175,000
Previous Owner Dziedzic David John $100,000
Previous Owner Townsend Johnny R $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $400,000 -4.8% $162 / Sq Ft
01/08/2021 01/08/21 For Sale $420,000 -- $170 / 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 $6,540 $49,832 -- --
2024 $6,442 $48,943 -- --
2023 $6,442 $63,733 $46,801 $16,932
2022 $6,431 $63,158 $39,253 $23,905
2021 $6,670 $62,820 $40,374 $22,446
2020 $6,579 $58,536 $33,606 $24,930
2019 $6,435 $46,800 $32,004 $14,796
2018 $6,279 $42,768 $29,196 $13,572
2017 $5,985 $42,714 $26,424 $16,290
2016 $5,783 $39,690 $24,426 $15,264
2015 $5,522 $35,668 $20,165 $15,503
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6178822

Arizona Regional Multiple Listing Service (ARMLS)

APN: 163-06-068