NOT LISTED FOR SALE

Estimated Value: $1,150,182

-- Bed
-- Bath
4,119 Sq Ft
$279/Sq Ft Est. Value

Last Sold May 03, 2019

Last sale price $519,400 $126 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $6,788/month

231 Days on Market

Highlights

  • 0.35 Acre Lot
  • Wood Flooring
  • Central Air
  • Phoenix Coding Academy Rated A
  • Community Kitchen

About This Home

As of May 2019

Back on the Market since buyer could not qualify. Their loss, your gain. Wonderful stand alone single story office building with classic mid-century lines. Block construction with 14 offices, large conference room, lobby/reception area, storage rooms, utility/IT rooms, men's and women's bathrooms, and kitchen area. Covered parking for 10 cars and 8 uncovered parking spaces. Beautifully appointed with glass office doors, glass wall conference room, wood/tile/laminate/carpet flooring, and updated bathrooms. Onsite storage units can stay if desired. Easy access to the 202 and downtown Phoenix. Nice office buildings on either side and no buildings behind.

Last Agent to Sell the Property

Gary Tannenbaum

Tannenbaum Realtors, Inc. License #BR518814000 Listed on: 08/29/2018

Last Buyer's Agent

Ivo Draginov

Prestige Realty License #SA579267000

Prestige Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,493

Year Built

  • Built in 1965

Lot Details

  • 0.35 Acre Lot
  • Block Wall Fence
  • Property is zoned C-2

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • 4,119 Sq Ft Home
  • Wood Flooring

Parking

  • 8 Open Parking Spaces
  • 18 Parking Spaces
  • 10 Covered Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 220 Volts
  • Master Water Meter

Listing and Financial Details

  • Tax Lot Metes & Bounds
  • Assessor Parcel Number 117-01-117-S

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Building Details

  • Operating Expense $22,329

Property Details

Property Type

Other

Est. Annual Taxes

$8,493

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: Thomas & 24th St.
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Current Use: Office
  • Number Of Buildings: 1
  • Year Built: 1965
  • Tax Year: 2017
  • Lot Size Acres: 0.35
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: S
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood

Exterior Features

  • Fencing: Block
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 18.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: 220 Volts, Master Meter, SRP
  • Cooling: Central A/C
  • Heating: Natural Gas
  • Green Building Features: Conference Room, Reception Room, Kitchen
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Electric Master Meter: Yes

Association/Amenities

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

Fee Information

  • Annual Fuel Expense: 744.0
  • Annual Water Sewer Expense: 516.0

Lot Info

  • Lot Size Sq Ft: 15142.0
  • Additional Parcels: No
  • Parcel #: 117-01-117-S
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 9876.0
  • Insurance Expense: 1500.0
  • Annual Operating Expense: 22329.0

Tax Info

  • Tax Annual Amount: 8493.0
  • Tax Book Number: 117.00
  • Tax Lot: Metes & Bounds
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2022
Sold by
2800 N 24Th St Llc
Bought by
Ttp Az Llc
Current Estimated Value
$1,150,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Outstanding Balance
$804,958
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$345,224

Purchase Details

Listed on
Aug 29, 2018
Closed on
May 17, 2019
Sold by
Rei Maketing Llc
Bought by
2800 N 24Th St Llc
Seller's Agent
Gary Tannenbaum
Tannenbaum Realtors, Inc.
Buyer's Agent
Ivo Draginov
Prestige Realty
List Price
$550,000
Sold Price
$519,400
Premium/Discount to List
-$30,600
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.80%
Original Mortgage
$394,400
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 29, 2018
Closed on
May 1, 2019
Sold by
Cornville Holdings Llc
Bought by
Rei Markting Llc
Seller's Agent
Gary Tannenbaum
Tannenbaum Realtors, Inc.
Buyer's Agent
Ivo Draginov
Prestige Realty
List Price
$550,000
Sold Price
$519,400
Premium/Discount to List
-$30,600
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$394,400
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2010
Sold by
Domestica Properties Llc 2800 N 24Th Str
Bought by
Cornville Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,432
Interest Rate
4.52%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 20, 2004
Sold by
Kirchner David L and Shellhorn Mark A
Bought by
Domestica Properties Llc-2800 N 24Th Str

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 1998
Sold by
Perl Llc
Bought by
Kirchner David L and Shellhorn Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.18%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
Ttp Az Llc $1,150,000 Fidelity National Title
2800 N 24Th St Llc -- Wfg National Title Ins Co
Rei Markting Llc $519,400 Wfg National Title Ins Co
Cornville Holdings Llc $406,791 Clear Title Agency Of Arizon
Domestica Properties Llc-2800 N 24Th Str $400,000 Capital Title Agency Inc
Kirchner David L $185,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ttp Az Llc $840,000
Previous Owner Rei Markting Llc $394,400
Previous Owner Cornville Holdings Llc $325,432
Previous Owner Domestica Properties Llc-2800 N 24Th Str $300,000
Previous Owner Kirchner David L $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2019 05/03/19 Sold $519,400 -4.7% $126 / Sq Ft
09/17/2018 09/17/18 Price Changed $545,000 -0.9% $132 / Sq Ft
08/28/2018 08/28/18 For Sale $550,000 -- $134 / 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 $8,839 $65,437 -- --
2024 $8,935 $64,268 -- --
2023 $8,935 $96,322 $49,895 $46,427
2022 $8,836 $97,003 $33,618 $63,385
2021 $9,310 $95,400 $34,578 $60,822
2020 $9,083 $89,226 $31,860 $57,366
2019 $9,020 $72,648 $22,518 $50,130
2018 $8,834 $64,818 $20,862 $43,956
2017 $8,493 $54,846 $21,726 $33,120
2016 $8,164 $49,356 $20,304 $29,052
2015 $7,806 $52,781 $20,258 $32,523
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5813091

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-01-117S