Seller's Agent in 2016
Don Mortensen
LRA Real Estate Group, LLC
(480) 526-5644
8 in this area
116 Total Sales
2914 N 40th St Phoenix, AZ 85018
Camelback East Village NeighborhoodEstimated Value: $1,055,606
Studio
--
Bath
3,200
Sq Ft
$330/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Central Air
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of September 2016Fully-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
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
- 12,796 Sq Ft 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
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
Closed on
Feb 24, 2025
Sold by
Bought by
Current Estimated Value
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
$434,306
Purchase Details
Closed on
Mar 29, 2021
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
$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
Bought by
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
6.31%
Original Mortgage
$403,000
Interest Rate
3.48%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 31, 2008
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
$531,000
Interest Rate
6.51%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,025,000 | Pioneer Title Agency | ||
| $735,000 | Equity Title Agency Inc | ||
| $580,000 | Lawyers Title Of Arizona Inc | ||
| -- | First American Title Ins Co | ||
| -- | First American Title Ins Co |
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 |
|---|---|---|---|
| Open | $625,000 | ||
| Previous Owner | $624,700 | ||
| Previous Owner | $403,000 | ||
| Previous Owner | $531,000 |
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 |
|---|---|---|---|---|
| 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
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 | $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 |
| 2015 | $6,643 | $47,953 | $29,915 | $18,038 |
Source: Public Records
Agents Affiliated with this Home
-
Don Mortensen
-
N
Buyer's Agent in 2016
Non-MLS Agent
Non-MLS Office
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5442425
APN: 127-21-060A
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.
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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