NOT LISTED FOR SALE

Estimated Value: $480,000 - $556,000

0.02 Acre
$25,699,200 Price per Acre
8,799 Sq Ft Lot

Last Sold June 16, 2016

Last sale price $32,000

Est. 1,506% increase in value since last sale

Current estimated payment $2,869/month

4 Days on Market

About This Lot

As of June 2016

Priced right, this multifamily lot zoned R4-A is the ideal size for a new construction duplex apartment building. There are not many new build duplex apartment buildings in todays market which makes this a unique opportunity.Surrounded by new and re-development projects, including upscale condos this location offers close access to shopping and entertainment and a strong employment base. This area continues to grow and includes employers such as the Deer Valley Airport, Cox Communications, and AAA. The photos displayed show the nicely redeveloped apartments to the west and the single family home to the east. There is also a photo of the beautiful scenic desert mountain to the north.

Last Agent to Sell the Property

John Locke

Kasten Long Commercial Group License #SA652364000 Listed on: 05/25/2016

Co-Listed By

Walter Unger, CCIM

West USA Realty License #BR511606000

Last Buyer's Agent

John Locke

Kasten Long Commercial Group License #SA652364000 Listed on: 05/25/2016

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $361

Lot Details

  • 8,799 Sq Ft Lot
  • Chain Link Fence
  • Property is zoned R-4A

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 206-04-028-Y

Property Details

Property Type

Land

Est. Annual Taxes

$361

Lot Details

0

Listing Details

  • Cross Street: 31st Ave & Deer Valley Rd
  • Property Type: Land
  • Zoning: R-4A
  • Tax Year: 2016
  • Directions: I-17 to Deer Valley Rd, west to 31st Ave, north on 31st Ave3 blocks to Foothill Drive, east to property
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: klcg01
  • Co List Office Phone: 602-445-4141
  • Tax Parcel Letter: Y
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Fencing: Chain Link
  • Disclosures: None

Utilities

  • Electric: City Electric
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: Rectangle
  • Lot Size Sq Ft: 8799.0
  • Additional Parcels: No
  • Parcel #: 206-04-028-Y
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 361.0
  • Tax Book Number: 206.00
  • Tax Lot: -
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 9, 2021
Sold by
Caute Investments Llc
Bought by
Martinez Diana Karelly Garcia and Martinez Erika Citaly
Current Estimated Value
$513,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,316
Outstanding Balance
$328,460
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$183,930

Purchase Details

Listed on
May 25, 2016
Closed on
Jun 8, 2016
Sold by
Rainier Property Investments Az Llc
Bought by
Caute Investments Llc
Seller's Agent
John Locke
Kasten Long Commercial Group
Buyer's Agent
John Locke
Kasten Long Commercial Group
List Price
$32,000
Sold Price
$32,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.74%

Purchase Details

Closed on
Jan 28, 2009
Sold by
Mircic Petar and Mircic Ivanka
Bought by
Rainier Property Investments Az Llc

Purchase Details

Closed on
Feb 6, 2004
Sold by
Sturgis Gregory E and Sturgis Donna K
Bought by
Mircie Petar and Mircie Ivanka

Purchase Details

Closed on
Feb 3, 2004
Sold by
Sturgis Gregory E

Purchase Details

Closed on
May 20, 1997
Sold by
Sturgis Gregory Eugene and Sturgis Donna Kay
Bought by
Sturgis Gregory Eugene and Sturgis Donna Kay

Purchase Details

Closed on
Sep 29, 1994
Sold by
Sturgis Ryan E
Bought by
Sturgis Gregory E and Sturgis Donna K

Purchase Details

Closed on
Aug 26, 1994
Sold by
Sturgis Ryan E
Bought by
Sturgis Gregory E and Sturgis Donna K
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
Martinez Diana Karelly Garcia $369,000 American Title Svc Agcy Llc
Caute Investments Llc $32,000 Driggs Title Agency Inc
Rainier Property Investments Az Llc $40,000 Lawyers Title Of Arizona Inc
Mircie Petar $29,000 First Financial Title Agency
-- -- First Financial Title Agency
-- -- --
Sturgis Gregory Eugene -- --
Sturgis Gregory E -- Security Title Agency
Sturgis Gregory E -- Security Title Agency
Sturgis Ryan E -- Security Title Agency
Sturgis Gregory E -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Diana Karelly Garcia $362,316
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2016 06/16/16 Sold $32,000 0.0% --
05/27/2016 05/27/16 Pending -- -- --
05/23/2016 05/23/16 For Sale $32,000 -- --
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 $1,729 $20,089 -- --
2024 $305 $19,133 -- --
2023 $305 $11,925 $11,925 $0
2022 $295 $6,030 $6,030 $0
2021 $303 $5,790 $5,790 $0
2020 $297 $5,010 $5,010 $0
2019 $289 $3,150 $3,150 $0
2018 $280 $2,175 $2,175 $0
2017 $387 $4,350 $4,350 $0
2016 $367 $2,820 $2,820 $0
2015 $361 $3,936 $3,936 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5447644

Arizona Regional Multiple Listing Service (ARMLS)

APN: 206-04-028Y