NOT LISTED FOR SALE

2701 N 7th Ave Phoenix, AZ 85003

Willo Neighborhood

Estimated Value: $563,336

Studio
-- Bath
2,142 Sq Ft
$263/Sq Ft Est. Value

Sale Details

Date Sold: December 21, 2020

Last sale price $470,000 $219 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,399 / mo

32 Days on Market

Highlights

  • 0.17 Acre Lot
  • Community Kitchen
  • Central Air
  • Phoenix Coding Academy Rated A

About This Home

As of December 2020

Mid-Century Modern signature building in Central Phoenix, built in 1962 for Conn & Canlin CPA firm, in the Modernistic style and designed John Sing Tang, Phoenix first Chinese American architect. This head turning building is in the Willo Historic district. Featuring unique and dramatic architecture which lends to intrigue from the exterior, Natural stone materials blend well with the environment, the stone piers and planters, cantilevered overhangs, clerestory windows, wood siding, glass walls, and mullion-less corner windows. Large corner lot in a highly visible location, tongue and groove interior ceilings. 3 private offices, a lobby and large open space enough to 10 cubicles. Kitchen area, extensive storage and 2 restrooms. Close to light rail and a walk score of 66.

Last Agent to Sell the Property

Mario Romero

The Melcher Agency License #BR022807000 Listed on: 10/09/2020

Co-Listed By

Bruce Brogard

The Melcher Agency License #SA504915000

Last Buyer's Agent

Mario Romero

The Melcher Agency License #BR022807000 Listed on: 10/09/2020

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,300

Year Built

  • Built in 1962

Lot Details

  • 7,314 Sq Ft Lot
  • Property is zoned R-5

Home Design

  • 2,142 Sq Ft Home
  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Block Exterior

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 118-42-127

Community Details

Overview

  • Lou Mar Vista Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Building Details

  • Operating Expense $12,874
  • Gross Income $40,800

Property Details

Property Type

Other

Est. Annual Taxes

$4,300

Year Built

Built in 1962

Lot Details

7,314 Sq Ft Lot

Listing Details

  • Cross Street: Thomas Road and 7th Ave.
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: R-5
  • Current Use: Office
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 2019
  • Lot Size Acres: 0.17
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Co List Office Mls Id: melc01
  • Co List Office Phone: 602-252-4191
  • Subdivision Name: LOU MAR VISTA
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Block
  • Construction Type: Frame - Wood, Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Individual Meter, APS
  • Cooling: Heat Pump, Central A/C
  • Heating: Natural Gas
  • Green Building Features: Conference Room, Reception Room, Kitchen
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes

Fee Information

  • Annual Fuel Expense: 424.0
  • Trash Expense: 1612.0
  • Annual Water Sewer Expense: 608.0

Lot Info

  • Lot Size Sq Ft: 7314.0
  • Additional Parcels: No
  • Parcel #: 118-42-127
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 3300.0
  • Annual Gross Income: 40800.0
  • Insurance Expense: 930.0
  • Annual Operating Expense: 12874.0

Tax Info

  • Tax Annual Amount: 4300.0
  • Tax Book Number: 118.00
  • Tax Lot: 22
  • Tax Map Number: 42.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2020
Closed on
Dec 15, 2020
Sold by
Bought by
Seller's Agent
Mario Romero
The Melcher Agency
Buyer's Agent
Mario Romero
The Melcher Agency
List Price
$498,000
Sold Price
$470,000
Premium/Discount to List
-$28,000
-5.62%
Current Estimated Value
$563,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,336
Avg. Annual Appreciation
3.35%

Purchase Details

Closed on
Jul 21, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 30, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 13, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 24, 1996
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$470,000 Empire West Title Agency Llc
-- Empire West Title Agency Llc
-- Accommodation
-- American Title Service Agenc
-- Security Title Agency
-- Security Title Agency
$435,000 Chicago Title Insurance Co
-- Chicago Title Insurance Co
$80,000 --
$80,000 --
$80,000 --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $80,000
Previous Owner $70,000
Previous Owner $200,000
Previous Owner $80,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/21/2020 12/21/20 Sold $470,000 -5.6% $219 / Sq Ft
11/10/2020 11/10/20 Pending -- -- --
10/27/2020 10/27/20 For Sale $498,000 0.0% $232 / Sq Ft
10/27/2020 10/27/20 Price Changed $498,000 +2.7% $232 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
10/09/2020 10/09/20 For Sale $484,800 -- $226 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,343 $33,441 -- --
2024 $4,307 $32,843 -- --
2023 $4,307 $47,277 $29,138 $18,139
2022 $4,409 $36,050 $19,775 $16,275
2021 $4,612 $36,828 $20,340 $16,488
2020 $4,496 $33,660 $17,334 $16,326
2019 $4,300 $28,872 $13,518 $15,354
2018 $4,158 $28,404 $12,510 $15,894
2017 $3,817 $29,232 $13,032 $16,200
2016 $3,683 $26,928 $12,186 $14,742
2015 $3,519 $24,162 $12,192 $11,970
Source: Public Records

Agents Affiliated with this Home

  • Mario Romero

    Seller's Agent in 2020

    Mario Romero

    The Melcher Agency

    (602) 920-0306

    1 in this area

    63 Total Sales

    Mario Romero
    Section Image

  • B

    Seller Co-Listing Agent in 2020

    Bruce Brogard

    The Melcher Agency

    (602) 670-3825

    55 Total Sales

    Bruce Brogard
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6144282

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-42-127

Arizona Maricopa County Phoenix 85003 Willo

2701 N 7th Ave, Phoenix, AZ

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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