NOT LISTED FOR SALE

Estimated Value: $503,000 - $1,169,000

0.41 Acre
$2,204,278 Price per Acre
17,860 Sq Ft Lot

Last Sold July 19, 2019

Last sale price $680,000

Est. 33% increase in value since last sale

Current estimated payment $4,886/month

6 Days on Market

Highlights

  • 0.41 Acre Lot
  • No HOA
  • Level Lot
  • Phoenix Coding Academy Rated A

About This Lot

As of July 2019

Multifamily Development Opportunity! R-3 zoned land with numerous projects within the neighborhood selling through new product for $500,000-$600,000 per unit making this a great opportunity. Listing is for two adjacent residential lots totaling 0.41 acres. Assemblage opportunity with the neighboring parcels and build a development from 26th street to 27th street (30+ unit potential). Or simply improve the existing 5 units on the property and increase rents. Recent comps for renovated like kind product has sold for $180,000+ per unit making a post renovation value potential of $900,000+. Buyer to confirm zoning, density, value and all other development issues independently with City of Phoenix.

Last Agent to Sell the Property

Neven Bajlo

Gentry Real Estate License #SA560815000 Listed on: 07/16/2019

Gentry Real Estate

Last Buyer's Agent

Cameron Miller

West USA Realty License #SA664768000

West USA Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,386

Lot Details

  • 0.41 Acre Lot
  • Level Lot
  • 2 Lots in the community
  • Additional Parcels
  • Property is zoned R-3

Schools

  • Madison Elementary School
  • Camelback High School

Additional Features

  • North or South Exposure
  • Residence on Property

Community Details

  • No Home Owners Association
  • Citrus Heights Lots 10 33 Subdivision

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 163-08-011-A

Property Details

Property Type

Land

Est. Annual Taxes

$4,386

Lot Details

0

Listing Details

  • Cross Street: 32nd Street and Indian School
  • Legal Info Range: 3E
  • Property Type: Land
  • Topography: Level
  • Zoning: R-3
  • Tax Year: 2018
  • Horses: No
  • Lot Size Acres: 0.41
  • Road Surface Type: Asphalt
  • Subdivision Name: CITRUS HEIGHTS LOTS 10-33
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Lot Features: North/South Exp
  • Disclosures: Seller Prop Disc Stm
  • Other Structures: Residence

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Madison Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 133x137
  • Lot Size Sq Ft: 18057.0
  • Number Of Lots: 2
  • Additional Parcels: Yes
  • Parcel #: 163-08-011-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4386.0
  • Tax Book Number: 163.00
  • Tax Lot: 10
  • Tax Map Number: 8.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2019
Closed on
Jul 11, 2019
Sold by
Acv Two Llc
Bought by
35Th Indian School Llc
Seller's Agent
Neven Bajlo
Gentry Real Estate
Buyer's Agent
Cameron Miller
West USA Realty
List Price
$699,000
Sold Price
$680,000
Premium/Discount to List
-$19,000
-2.72%
Current Estimated Value
$903,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,754
Avg. Annual Appreciation
4.49%

Purchase Details

Closed on
Nov 12, 2015
Sold by
Dakai Henry G and Henry G & Carol R Dakai Family
Bought by
Acv Two Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.71%
Mortgage Type
Commercial
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
35Th Indian School Llc $680,000 Chicago Title Agency Inc
Acv Two Llc $450,000 Fidelity Natl Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Acv Two Llc $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2019 07/19/19 Sold $680,000 -2.7% --
07/16/2019 07/16/19 For Sale $699,000 0.0% --
07/16/2019 07/16/19 Price Changed $699,000 0.0% --
07/01/2019 07/01/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $699,000 -- --
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 $1,931 $14,820 -- --
2024 $1,791 $14,114 -- --
2023 $1,791 $59,660 $11,930 $47,730
2022 $1,738 $49,150 $9,830 $39,320
2021 $1,753 $41,770 $8,350 $33,420
2020 $1,726 $31,920 $6,380 $25,540
2019 $1,688 $18,000 $3,600 $14,400
2018 $1,646 $17,620 $3,520 $14,100
2017 $1,569 $18,550 $3,710 $14,840
2016 $1,515 $14,700 $2,940 $11,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5944514

Arizona Regional Multiple Listing Service (ARMLS)

APN: 163-08-011A