Seller's Agent in 2018
Charles Martinet
Grand Canyon Realty
(480) 343-9404
144 Total Sales
2601 N 3rd St Phoenix, AZ 85004
--
Bed
--
Bath
44,309
Sq Ft
0.38
Acres
Highlights
- Elevator
- Chilled Water System
- Multiple Heating Units
- Phoenix Coding Academy Rated A
- Central Air
About This Home
As of December 2018Premier 40,000 square foot building 100% occupied/rented with over 50% medical tenants. Strong tenant base The building with 31 stable paying tenants that occupy the building. Two separate outer staircases and one elevator that go from the basement garage to the third floor. The convenient location allows easy access to 7 majors hospitals within a 4 mile, less than 2 miles from both the I-10 and 51 freeway and of a mile from the light rail. The vibrant atmosphere in the area created by the re-gentrification has created fine dining establishments, hip bars, café's and newly built multi-family dwellings catering to a fun work-play environment.
Last Agent to Sell the Property
Grand Canyon Realty License #Br634723000 Listed on: 11/23/2018
Property Details
Property Type
- Other
Est. Annual Taxes
- $59,000
Year Built
- Built in 1987
Lot Details
- 0.38 Acre Lot
- Block Wall Fence
- Property is zoned R-5 COM
Home Design
- 44,309 Sq Ft Home
- Built-Up Roof
- Foam Roof
- Metal Siding
- Stucco
Kitchen
- Chilled Water System
Parking
- 42 Open Parking Spaces
- 120 Parking Spaces
- 78 Covered Spaces
- Free Parking
- Fenced Parking
Utilities
- Central Air
- Multiple Heating Units
- Heat Pump System
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 118-45-016
Community Details
Building Details
- Operating Expense $242,050
- Gross Income $503,691
- Net Operating Income $302,453
Additional Features
- North Baltimore Hts Subdivision
- Elevator
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 15, 2022
Sold by
Windsor West Court Llc
Bought by
Windsor Court Offices Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Outstanding Balance
$2,248,876
Interest Rate
3.69%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 10, 2021
Sold by
Windsor West Court Llc
Bought by
City Of Phoenix
Purchase Details
Listed on
Nov 23, 2018
Closed on
Dec 13, 2018
Sold by
Virginia South Llc
Bought by
Windsor West Court Llc
Seller's Agent
Charles Martinet
Grand Canyon Realty
Buyer's Agent
Keith Lytle
Mountain & Desert Properties, LLC
List Price
$4,250,000
Sold Price
$4,150,000
Premium/Discount to List
-$100,000
-2.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,900,000
Interest Rate
4.8%
Mortgage Type
Construction
Purchase Details
Closed on
Oct 30, 2006
Sold by
The Horwitch Brothers #2
Bought by
Virginia South Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Interest Rate
6.39%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 22, 1999
Sold by
Colman Robert Allen and The Robert Colman Trust
Bought by
The Horwitch Brothers #2
Purchase Details
Closed on
Feb 17, 1998
Sold by
Virginia Holdings Ltd Partnership
Bought by
Colman Robert Allen and Robert Colman Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
6.97%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Windsor Court Offices Llc | $4,950,000 | Stewart Title & Trust Of Phoen | |
| City Of Phoenix | -- | Chicago Title Agency | |
| Windsor West Court Llc | $4,150,000 | First American Title Insuran | |
| Virginia South Llc | $3,800,000 | Chicago Title Insurance Co | |
| The Horwitch Brothers #2 | $2,600,000 | Chicago Title Insurance Co | |
| Colman Robert Allen | $2,400,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Windsor Court Offices Llc | $2,400,000 | |
| Previous Owner | Windsor West Court Llc | $2,900,000 | |
| Previous Owner | Virginia South Llc | $1,400,000 | |
| Previous Owner | Virginia South Llc | $1,950,000 | |
| Previous Owner | Colman Robert Allen | $1,800,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/14/2018 12/14/18 | Sold | $4,150,000 | -2.4% | $94 / Sq Ft |
| 11/22/2018 11/22/18 | For Sale | $4,250,000 | 0.0% | $96 / Sq Ft |
| 11/22/2018 11/22/18 | Price Changed | $4,250,000 | 0.0% | $96 / Sq Ft |
| 08/24/2018 08/24/18 | For Sale | $4,250,000 | +566566.7% | $96 / Sq Ft |
| 12/01/2017 12/01/17 | Sold | $750 | +3.4% | $0 / Sq Ft |
| 11/09/2017 11/09/17 | For Sale | $725 | -- | $0 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $59,319 | $829,651 | $99,025 | $730,626 |
| 2022 | $59,319 | $586,090 | $93,832 | $492,258 |
| 2021 | $62,908 | $590,940 | $104,850 | $486,090 |
| 2020 | $61,316 | $585,360 | $100,674 | $484,686 |
| 2019 | $58,655 | $483,282 | $32,058 | $451,224 |
| 2018 | $56,715 | $427,194 | $29,682 | $397,512 |
| 2017 | $52,068 | $404,100 | $30,906 | $373,194 |
| 2016 | $50,230 | $352,782 | $28,890 | $323,892 |
| 2015 | $47,991 | $353,665 | $28,823 | $324,842 |
Source: Public Records
Agents Affiliated with this Home
-
Charles Martinet
-
Keith Lytle
Buyer's Agent in 2018
Keith Lytle
Mountain & Desert Properties, LLC
(602) 877-5511
15 Total Sales
-
Jackie Munoz
Seller's Agent in 2017
Jackie Munoz
My Home Group Real Estate
(602) 471-4165
16 Total Sales
-
Y
Buyer's Agent in 2017
Yaqueline Munoz
My Home Group
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5811145
APN: 118-45-016
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.
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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