NOT LISTED FOR SALE

2914 N 40th St Unit 3 Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $1,010,776

-- Bed
-- Bath
3,601 Sq Ft
$281/Sq Ft Est. Value

Last Sold June 06, 2014

Last sale price $1,200 $0 Per Sq Ft

Est. 84,131% increase in value since last sale

Current estimated payment $6,002/month

212 Days on Market

About This Home

As of June 2014

Retail Space in Arcadia neighborhood.
Numerous re-development projects (commercial, multi-family and single- family) are situated in the immediate vicinity of the subject property. This retail center is near numerous Valley hotspots, including: The Vig, La Grande Orange, Postino' s Wine Bar, North Arcadia and Chelsea' s Kitchen. Additional space available for restaurant, see MLS 5024555

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 11/02/2013

Last Buyer's Agent

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 11/02/2013

Property Details

Property Type

  • Other

Year Built

  • Built in 1959

Lot Details

  • 0.29

Home Design

  • Foam Roof
  • Stucco

Parking

  • 23 Open Parking Spaces
  • 23 Parking Spaces

Additional Features

  • Concrete Flooring
  • Property is zoned C-2

Community Details

  • Porter Estates 2 Subdivision

Listing and Financial Details

  • Property Available on 11/1/13
  • Tax Lot 169
  • Assessor Parcel Number 127-21-060-A

Property Details

Property Type

Other

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 40th St and Thomas
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Lease
  • Zoning: C-2
  • Current Use: Restaurant
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 14400.0
  • Lease Info Annual Lse Prc P S F: 12.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 12 months
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 1200
  • Year Built: 1959
  • Tax Year: 2012
  • Directions: From Thomas, North on 40th St, property is located on West side of 40th St.
  • Subdivision Name: Porter Estates 2
  • Structure Type: Commercial
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco
  • Roof: Foam
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 23.0
  • Total Parking Spaces: 23.0
  • General Property Description:Uncvrd Parking Spcs: 23.0
  • General Property Description:Total Parking Spcs: 23.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Additional Parcels: No
  • Parcel #: 127-21-060-A

Rental Info

  • Available Date: 2013-11-01

Multi Family

  • Leasable Area: 1200.0

Tax Info

  • Tax Annual Amount: 7523.0
  • Tax Book Number: 127.00
  • Tax Lot: 169
  • Tax Map Number: 21.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2025
Sold by
Nta Commercial Properties Llc
Bought by
Plaza 40 Llc
Current Estimated Value
$1,010,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Outstanding Balance
$621,300
Interest Rate
6.93%
Mortgage Type
Seller Take Back
Estimated Equity
$389,476

Purchase Details

Closed on
Mar 29, 2021
Sold by
H Cubed Phx One Llc
Bought by
Nta Commercial Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,700
Interest Rate
2.8%
Mortgage Type
Small Business Administration

Purchase Details

Closed on
Sep 8, 2016
Sold by
Spazio Nostro Llc
Bought by
H Cubed Phx One Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,000
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2008
Sold by
Sullivan Mark L and Sullivan Kathy L
Bought by
Spazio Nostro Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,000
Interest Rate
6.51%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Plaza 40 Llc $1,025,000 Pioneer Title Agency
Nta Commercial Properties Llc $735,000 Equity Title Agency Inc
H Cubed Phx One Llc $580,000 Lawyers Title Of Arizona Inc
Spazio Nostro Llc -- First American Title Ins Co
Sullivan Mark L -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plaza 40 Llc $625,000
Previous Owner Nta Commercial Properties Llc $624,700
Previous Owner H Cubed Phx One Llc $403,000
Previous Owner Spazio Nostro Llc $531,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2014 06/06/14 Sold $1,200 0.0% $0 / Sq Ft
06/01/2014 06/01/14 Pending -- -- --
11/01/2013 11/01/13 For Sale $1,200 -- $0 / 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 $7,466 $55,689 -- --
2024 $7,604 $54,694 -- --
2023 $7,604 $93,602 $60,622 $32,980
2022 $7,520 $87,745 $57,295 $30,450
2021 $7,923 $90,108 $58,932 $31,176
2020 $7,730 $81,468 $49,914 $31,554
2019 $7,676 $77,598 $47,538 $30,060
2018 $7,518 $72,720 $42,876 $29,844
2017 $7,228 $63,504 $38,790 $24,714
2016 $6,948 $57,924 $35,064 $22,860
2015 $6,643 $47,953 $29,915 $18,038
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2014

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    8 in this area

    121 Total Sales

    Don Mortensen
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5024559

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-21-060A

Arizona Maricopa County Phoenix 85018 Camelback East Village

2914 N 40th St Unit 3, Phoenix, AZ

This home is located at 2914 N 40th St Unit 3, Phoenix, AZ 85018 since 02 November 2013 and is currently estimated at $1,010,776, approximately $280 per square foot. This property was built in 1959. 2914 N 40th St Unit 3 is a home located in Maricopa County with nearby schools including Monte Vista Elementary School, Camelback High School, and Phoenix Coding Academy.

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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