$915,000
SOLD FEB 18, 2025
1.04 Acres
$879,808 Price per Acre
45,302 Sq Ft Lot

Recently Sold

8% Below List Price

171 Days on Market

About This Lot

As of February 2025

1.04-acre commercial C3-zoned parcel offers an exceptional opportunity for a wide range of developments. Situated in a prime location with excellent visibility and access, the property is ideal for businesses seeking a strategic position to capitalize on traffic and customer flow. Potential Uses: • Retail Development: Perfect for a shopping center, boutique stores, or a large retail chain, this space can accommodate multiple retail units to cater to various consumer needs. • Multi-Family Housing: The land can be developed into multi-family residential units, providing much-needed housing in a desirable area. • Auto Repair and Services: With ample space, this site is ideal for an auto repair shop, car wash, or dealership, offering convenient access for customers. Office Spaces: The property can be transformed into modern office buildings, providing flexible workspace solutions for businesses of all sizes. " Freestanding Building: An excellent location for a single, large freestanding building, suitable for a flagship store, corporate headquarters, or specialized facility. Key Features: " High Traffic Location: Benefiting from significant daily traffic, ensuring maximum visibility and customer engagement. " Accessibility: Easy access from major roads and highways, facilitating smooth transportation and logistics. " Flexible Zoning: C3 zoning allows for a broad spectrum of commercial uses, providing versatility for developers and investors. " Utilities: All essential utilities are available at the site, ensuring seamless development and operational readiness. Investment Highlights: " Growth Potential: Located in a rapidly developing area, this property offers substantial potential for growth and appreciation. " Community Demand: The diverse zoning options meet the needs of the surrounding community, promising strong occupancy and patronage. Don't miss out on this exceptional opportunity to develop a property with limitless potential in a thriving commercial area. Contact us today for more information or to schedule a site visit. The possibilities are endless.

Last Agent to Sell the Property

Anastasia Plesco

ARRT of Real Estate License #BR695947000 Listed on: 07/12/2024

Last Buyer's Agent

Angel Bautista

R.O.I. Properties License #SA686459000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,452

Lot Details

  • 1.04 Acre Lot
  • Block Wall Fence
  • Property is zoned C3

Schools

  • Wilson Elementary School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 121-63-107

Property Details

Property Type

Land

Est. Annual Taxes

$6,452

Lot Details

0

Listing Details

  • Cross Street: 24th and Van Buren
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: C3
  • Tax Year: 2023
  • Lot Size Acres: 1.04
  • Road Surface Type: Gravel
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Retail, Multi-Family, Commercial, Industrial, Office

Exterior Features

  • Fencing: Block
  • Disclosures: Other (See Rmks)

Utilities

  • Electric: SRP
  • Water Source: Other

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Wilson Elementary School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 152' x 298'
  • Lot Size Sq Ft: 45302.0
  • Additional Parcels: No
  • Parcel #: 121-63-107
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6452.0
  • Tax Book Number: 121.00
  • Tax Lot: -
  • Tax Map Number: 63.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Feb 11, 2025
Sold by
Eltahir Amar and Hanna Gerges
Bought by
Van Buren Yard Llc
Seller's Agent
Anastasia Plesco
ARRT of Real Estate
Buyer's Agent
Angel Bautista
R.O.I. Properties
List Price
$1,000,000
Sold Price
$915,000
Premium/Discount to List
-$85,000
-8.5%
Views
10
Current Estimated Value
$1,024,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,591
Avg. Annual Appreciation
13.72%
Original Mortgage
$686,250
Outstanding Balance
$682,172
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$342,419

Purchase Details

Closed on
Oct 21, 2021
Sold by
Wala Balla
Bought by
Eltahir Amar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2021
Sold by
Wala Balla
Bought by
Eltahir Amar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2021
Sold by
Barsoum Sali Hani
Bought by
Hanna Gerges

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2007
Sold by
The Salvation Army
Bought by
H & M Enterprises Inc

Purchase Details

Closed on
Mar 13, 2001
Sold by
Ray Mary A
Bought by
The Salvation Army

Purchase Details

Closed on
Oct 11, 1994
Sold by
Patel Ramesh N and Patel Champa
Bought by
Patel Ramesh N and Patel Champa
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 Type Sale Price Title Company
Warranty Deed $915,000 Navi Title Agency
Quit Claim Deed -- Greystone Title
Quit Claim Deed -- Greystone Title
Warranty Deed $670,000 Greystone Title Agency
Interfamily Deed Transfer -- Greystone Title Agency
Special Warranty Deed $500,000 Fidelity National Title
Cash Sale Deed $170,000 Fidelity National Title
Trustee Deed -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $686,250 New Conventional
Previous Owner $570,000 New Conventional
Previous Owner $570,000 New Conventional
Previous Owner $570,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2025 02/18/25 Sold $915,000 -8.0% --
12/09/2024 12/09/24 Price Changed $995,000 -0.4% --
11/08/2024 11/08/24 Price Changed $999,000 -0.1% --
07/26/2024 07/26/24 Price Changed $999,990 0.0% --
07/12/2024 07/12/24 For Sale $1,000,000 -- --
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 $6,868 $49,239 $49,239 --
2024 $6,452 $46,894 $46,894 --
2023 $6,452 $64,950 $64,950 $0
2022 $6,079 $48,330 $48,330 $0
2021 $6,167 $48,330 $48,330 $0
2020 $6,141 $49,080 $49,080 $0
2019 $6,115 $37,860 $37,860 $0
2018 $6,042 $37,035 $37,035 $0
2017 $5,616 $34,290 $34,290 $0
2016 $5,749 $31,740 $31,740 $0
2015 $6,475 $36,640 $36,640 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6728109

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-63-107