NOT LISTED FOR SALE

Estimated Value: $701,305

Studio
-- Bath
4,515 Sq Ft
$155/Sq Ft Est. Value

Last Sold September 15, 2015

Last sale price $265,000 $59 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $4,166/month

137 Days on Market

About This Home

As of September 2015

Commercial property with value in the land. C-3 liberal zoning uses such as: MultiFamily, auto, storage, etc. Part of the City of Phoenix initiative called 'Reinvent Phoenix' that allows for higher density with up to 3 stories of new construction. • Assemblage possible with neighbor one acre parcel •

Last Agent to Sell the Property

Bryan Watkins

LRA Real Estate Group, LLC License #BR545459000 Listed on: 04/18/2015

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,796

Year Built

  • Built in 1950

Lot Details

  • 0.67 Acre Lot
  • Chain Link Fence
  • Property is zoned C3

Home Design

  • 4,515 Sq Ft Home
  • Wood Frame Construction

Parking

  • 50 Open Parking Spaces
  • 50 Parking Spaces

Utilities

  • No Heating

Community Details

  • 6 Buildings
  • Operating Expense $4,796

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 121-68-066

Property Details

Property Type

Other

Est. Annual Taxes

$4,796

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: 28th St & Van Buren
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C3
  • Number Of Buildings: 6
  • Year Built: 1950
  • Tax Year: 2014
  • Lot Size Acres: 0.67
  • Road Surface Type: Asphalt
  • Structure Type: Commercial, Industrial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: Chain Link
  • Construction Type: Frame - Wood
  • Roof: See Remarks, Other
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 50.0
  • Total Parking Spaces: 50.0
  • General Property Description:Uncvrd Parking Spcs: 50.0
  • General Property Description:Total Parking Spcs: 50.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Other, See Remarks
  • Heating: None
  • Water Source: City Franchise
  • Heating:None29: Yes

Lot Info

  • Lot Size Sq Ft: 29185.0
  • Additional Parcels: No
  • Parcel #: 121-68-066
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 4796.0

Tax Info

  • Tax Annual Amount: 4796.0
  • Tax Book Number: 121.00
  • Tax Lot: 1
  • Tax Map Number: 68.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2015
Closed on
Sep 15, 2015
Sold by
Thompson Bueno Investments Llc
Bought by
Olvera Raymundo and Olvera Alma A
Seller's Agent
Bryan Watkins
LRA Real Estate Group, LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$265,000
Sold Price
$265,000
Current Estimated Value
$701,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$436,305
Avg. Annual Appreciation
9.76%
Original Mortgage
$68,625
Outstanding Balance
$53,808
Interest Rate
3.86%
Mortgage Type
Seller Take Back
Estimated Equity
$641,182

Purchase Details

Closed on
Feb 9, 2012
Sold by
Kecker Ingrid and Hamblin Kerstin
Bought by
Thompson Bueno 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
$150,000
Interest Rate
3.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 22, 2009
Sold by
Nueva & Associates Investments Llc
Bought by
Casa Nueva Apt Trailer Llc

Purchase Details

Closed on
Jul 27, 2005
Sold by
Guzman Lydia
Bought by
Nueva & Associates 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
$377,000
Interest Rate
5.72%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 5, 2004
Sold by
Guzman Richard
Bought by
Guzman Lydia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2004
Sold by
Rosen Donald A and The Rosen Family Trust
Bought by
Guzman Lydia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2004
Sold by
Plaxco Jonathan
Bought by
Rosen Donald A and Rosen Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 23, 2004
Sold by
Murillo Consuelo
Bought by
Plaxco Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 1999
Sold by
Simpson Tommy D
Bought by
Guzman Lydia
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
Olvera Raymundo $265,000 Security Title Agency Inc
Thompson Bueno Investments Llc $200,000 Security Title Agency
Casa Nueva Apt Trailer Llc -- None Available
Nueva & Associates Investments Llc $469,900 --
Guzman Lydia -- First American Title Ins Co
Guzman Lydia $260,000 First American Title Ins Co
Rosen Donald A $150,000 --
Plaxco Jonathan -- Capital Title Agency Inc
Plaxco Jonathan -- Capital Title Agency Inc
Guzman Lydia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olvera Raymundo $68,625
Previous Owner Thompson Bueno Investments Llc $150,000
Previous Owner Nueva & Associates Investments Llc $377,000
Previous Owner Guzman Lydia $250,000
Previous Owner Guzman Lydia $250,000
Previous Owner Plaxco Jonathan $234,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2015 09/15/15 Sold $265,000 0.0% $59 / Sq Ft
09/01/2015 09/01/15 Pending -- -- --
04/17/2015 04/17/15 For Sale $265,000 -- $59 / 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 $6,437 $46,145 -- --
2024 $6,135 $44,276 -- --
2023 $6,135 $58,126 $33,128 $24,998
2022 $5,827 $49,679 $26,667 $23,012
2021 $5,965 $49,441 $26,846 $22,595
2020 $5,940 $49,642 $27,070 $22,572
2019 $5,914 $42,516 $20,989 $21,527
2018 $5,843 $41,003 $19,555 $21,448
2017 $5,431 $33,390 $18,099 $15,291
2016 $5,560 $31,261 $16,766 $14,495
2015 $5,166 $30,287 $17,984 $12,303
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5267674

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-68-066