NOT LISTED FOR SALE

255 E Osborn Rd Unit 102 Phoenix, AZ 85012

Midtown Phoenix Neighborhood

Estimated Value: $8,934,894

Studio
-- Bath
2,517 Sq Ft
$3,550/Sq Ft Est. Value

Last Sold May 01, 2022

Last sale price $3,123 $1 Per Sq Ft

Est. 286,000% increase in value since last sale

Current estimated payment $51,652/month

528 Days on Market

Highlights

  • Community Kitchen
  • Elevator
  • Central Air
  • Phoenix Coding Academy Rated A

About This Home

As of May 2022

Special rate for first 6 months ONLY then $20psf. This office building is well kept and updated. Parking lot is close to building with a lot of covered parking. Suite has 4 offices, conference room, reception area, kitchenette, and workroom.

Last Agent to Sell the Property

Alana Holley

Preserve Property Management LLC License #BR580936000 Listed on: 11/19/2020

Last Buyer's Agent

Alana Holley

Preserve Property Management LLC License #BR580936000 Listed on: 11/19/2020

Property Details

Property Type

  • Other

Year Built

  • Built in 1982

Lot Details

  • Block Wall Fence
  • Property is zoned C-O

Home Design

  • Block Exterior

Parking

  • 30 Open Parking Spaces
  • 90 Parking Spaces
  • 60 Covered Spaces

Utilities

  • Central Air

Community Details

  • Community Kitchen
  • Meeting Room
  • Elevator
  • Reception Area

Listing and Financial Details

  • Property Available on 11/1/20
  • Assessor Parcel Number 118-34-037-A

Property Details

Property Type

Other

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Osborn Rd & 3rd St
  • Property Type: Comm/Industry Lease
  • Zoning: C-O
  • Current Use: Office
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 37485.0
  • Lease Info Annual Lse Prc P S F: 15.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3-5
  • Lease Info Space Divisible: No
  • Year Built: 1982
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 60.0
  • Open Parking Spaces: 30.0
  • Total Parking Spaces: 90.0
  • General Property Description:Covered Parking Spcs: 60.0
  • General Property Description:Uncvrd Parking Spcs: 30.0
  • General Property Description:Total Parking Spcs: 90.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Office Heated
  • Green Building Features: Public Elevator(s), Conference Room, Reception Room, Kitchen
  • Water Source: City Franchise
  • Heating:Office Heated: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Public Elevator(s): Yes
  • Amenities:Conference Room: Yes

Lot Info

  • Additional Parcels: No
  • Parcel #: 118-34-037-A

Rental Info

  • Available Date: 2020-11-01

Multi Family

  • Leasable Area: 2499.0

Tax Info

  • Tax Annual Amount: 67004.92
  • Tax Book Number: 118.00
  • Tax Map Number: 34.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 1999
Sold by
Timm Investments Llc
Bought by
Arizona Assn Of Realtors
Current Estimated Value
$8,934,894

Purchase Details

Closed on
Dec 5, 1997
Sold by
Drasler Properties Llc
Bought by
Timm Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,160,000
Interest Rate
7.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 25, 1995
Sold by
Drasler Thomas J and Drasler Marie E
Bought by
Drasler Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 13, 1995
Sold by
Bcc Development Inc
Bought by
Drasler Thomas J and Drasler Marie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 1995
Sold by
Drasler Deborah Ann
Bought by
Drasler Thomas Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 6, 1995
Sold by
Baxter William
Bought by
Baxter Maryellen
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
Arizona Assn Of Realtors $2,450,000 --
Timm Investments Llc $1,550,000 Stewart Title & Trust
Drasler Properties Llc -- First American Title
Drasler Thomas J $1,075,000 First American Title
Drasler Thomas Lee -- First American Title
Baxter Maryellen -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Timm Investments Llc $1,160,000
Previous Owner Drasler Properties Llc $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2022 05/01/22 Sold $3,123 0.0% $1 / Sq Ft
01/06/2021 01/06/21 Price Changed $3,123 -25.0% $1 / Sq Ft
10/30/2020 10/30/20 For Sale $4,165 +47.1% $2 / Sq Ft
06/16/2016 06/16/16 Sold $2,831 0.0% $1 / Sq Ft View Prior Sale
06/15/2016 06/15/16 Pending -- -- --
06/17/2015 06/17/15 For Sale $2,831 -- $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 $64,724 $498,414 -- --
2024 $64,198 $489,514 -- --
2023 $64,198 $1,129,514 $586,381 $543,133
2022 $65,719 $742,998 $381,098 $361,900
2021 $68,744 $754,020 $391,986 $362,034
2020 $67,005 $732,942 $375,408 $357,534
2019 $64,097 $684,648 $350,856 $333,792
2018 $61,976 $424,152 $132,570 $291,582
2017 $56,898 $412,128 $138,096 $274,032
2016 $54,890 $398,718 $125,550 $273,168
Source: Public Records

Agents Affiliated with this Home

  • Alana Holley

    Seller's Agent in 2022

    Alana Holley

    Preserve Property Management LLC

    (480) 361-2706

    1 in this area

    3 Total Sales

    Alana Holley
    Section Image

  • P

    Seller's Agent in 2016

    Patricia Wodrich

    HomeSmart

  • N

    Buyer's Agent in 2016

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6162202

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-34-037A

Arizona Maricopa County Phoenix 85012 Midtown Phoenix

255 E Osborn Rd Unit 102, 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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