NOT LISTED FOR SALE

2914 N 40th St Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $1,005,754

Studio
-- Bath
3,200 Sq Ft
$314/Sq Ft Est. Value

Last Sold September 09, 2016

Last sale price $580,000 $181 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $5,860/month

14 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of September 2016

Fully-Leased Neighborhood Retail Center situated along 40th Street; a north-south thoroughfare running through the Arcadia area of Phoenix, Arizona. Numerous re-development projects(commercial, multi-family and single-family) are in the immediate vicinity of 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. A Restaurant license is in place and building is fully operational to run as a restaurant;grease trap, hood, 3 sinks, water heater, 5-ton air conditioner (3 years old), 22 Parking spaces. Brand new bay windows and doors and new flooring. Restaurant Kitchen + partial remodeling worth $75,000. One mop sink + 2 floor sinks on both sides.

Building has 3 suites.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 05/13/2016

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,643

Year Built

  • Built in 1959

Lot Details

  • 0.29 Acre Lot
  • Property is zoned C-2

Home Design

  • 3,200 Sq Ft Home
  • Tilt Up Walls
  • Foam Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • Concrete

Parking

  • 22 Open Parking Spaces
  • 22 Parking Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • Operating Expense $6,643

Listing and Financial Details

  • Tax Lot 169
  • Assessor Parcel Number 127-21-060-A

Property Details

Property Type

Other

Est. Annual Taxes

$6,643

Year Built

Built in 1959

Lot Details

0.29 Acres

Listing Details

  • Cross Street: North 40th Street & East Thomas Road
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2015
  • Lot Size Acres: 0.29
  • Structure Type: Commercial
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Wood, Concrete
  • Living Area: 3200.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: Other (See Remarks)
  • Construction Type: Tilt-Up, Stucco
  • Roof: Foam
  • Construction:Tilt-Up: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 22.0
  • Total Parking Spaces: 22.0
  • General Property Description:Uncvrd Parking Spcs: 22.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 12796.0
  • Parcel #: 127-21-060-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 6643.0

Tax Info

  • Tax Annual Amount: 6643.0
  • 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
$1,005,754

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
$414,667

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

Listed on
May 13, 2016
Closed on
Sep 8, 2016
Sold by
Spazio Nostro Llc
Bought by
H Cubed Phx One Llc
Seller's Agent
Don Mortensen
LRA Real Estate Group, LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$600,000
Sold Price
$580,000
Premium/Discount to List
-$20,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
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
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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
09/09/2016 09/09/16 Sold $580,000 -3.3% $181 / Sq Ft
05/27/2016 05/27/16 Pending -- -- --
05/13/2016 05/13/16 For Sale $600,000 -- $188 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $7,522 $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
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2016

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    8 in this area

    119 Total Sales

    Don Mortensen
    Section Image

  • N

    Buyer's Agent in 2016

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5442425

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-21-060A

Arizona Maricopa County Phoenix 85018 Camelback East Village

2914 N 40th St, Phoenix, AZ

Not Listed for Sale

Other

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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