NOT LISTED FOR SALE

Estimated Value: $686,220

Studio
-- Bath
5,893 Sq Ft
$116/Sq Ft Est. Value

Last Sold August 21, 2020

Last sale price $520,000 $88 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,426/month

100 Days on Market

Highlights

  • Gated Community
  • Meeting Room
  • Concrete Flooring
  • 0.57 Acre Lot
  • Heating system powered by solar not connected to the grid
  • Multiple Heating Units

About This Home

As of August 2020

Attractive multi-tenant office. Bright central court yard with multi-colored doors, Colorful sail awnings & furnished out door conversation area. Courtyard has two security gated entrances. Offices are attractive neutral paint and well maintained. Floors are wood grain and carpet. Offices have separate entry doors. Most have roof mounted, individual AC units and Block construction . Two very clean community restrooms Three long term anchor tenants plus other offices. Rent includes all utilities and exterior maintenance. $96,000 Solar panels supply most of the electricity. Gated rear courtyard had built up irrigated planter gardens. 8 covered parking stalls + 12 uncovered. Sign monument on Rural. Excellent location on high traffic Rural Rd. Three miles to ASU. Walk 2 Walmart

Last Agent to Sell the Property

Ralph Heins

Citiea License #BR042677000 Listed on: 08/21/2020

Citiea

Co-Listed By

Ann L. Heins

Citiea License #BR042682000

Last Buyer's Agent

Elora Tran

eXp Realty License #SA685952000

eXp Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,249

Year Built

  • Built in 1974

Lot Details

  • 0.57 Acre Lot
  • Property fronts an alley
  • Block Wall Fence
  • Property is zoned CSS

Home Design

  • 5,893 Sq Ft Home
  • Wood Frame Construction
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 14 Open Parking Spaces
  • 24 Parking Spaces
  • 10 Covered Spaces
  • Paved Parking

Eco-Friendly Details

  • Heating system powered by solar not connected to the grid

Utilities

  • Multiple Heating Units
  • Heat Pump System
  • 220 Volts

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 133-28-001-U

Community Details

Overview

  • 2 Buildings
  • Building Dimensions are 24811
  • Not In An Hoa Subdivision

Building Details

  • Operating Expense $41,596
  • Gross Income $61,610
  • Net Operating Income $29,733

Additional Features

  • Meeting Room
  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$10,249

Year Built

Built in 1974

Lot Details

0.57 Acres

Listing Details

  • Cross Street: Rural and Southern
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: CSS
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2019
  • Lot Size Acres: 0.57
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Professional Management Expense: 10530.0
  • Co List Office Mls Id: aznv01
  • Co List Office Phone: 480-797-2896
  • Subdivision Name: Not in an HOA
  • Structure Type: Office
  • Tax Parcel Letter: U
  • Electric 220: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Living Area: 5893.0

Exterior Features

  • Fencing: Block
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Frame - Wood, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 24.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 24.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: 220 Volts, Solar, Master Meter, SRP
  • Cooling: Office A/C
  • Heating: Heat Pump, 2 or More Units, Solar, Electric
  • Green Building Features: Conference Room, Security Gate
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Electric Master Meter: Yes
  • Heating:Solar: Yes

Association/Amenities

  • Amenities:Conference Room: Yes
  • Amenities:Security Gate: Yes

Fee Information

  • Trash Expense: 972.0
  • Annual Water Sewer Expense: 3150.0

Lot Info

  • Lot Size: 24811
  • Lot Size Sq Ft: 24811.0
  • Parcel #: 133-28-001-U
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 6431.0
  • Annual Gross Income: 61610.0
  • Insurance Expense: 1093.0
  • Maintenance Expense: 6856.0
  • Property Net Operating Income: 29733.0
  • Annual Operating Expense: 41596.0

Tax Info

  • Tax Annual Amount: 10249.0
  • Tax Book Number: 133.00
  • Tax Lot: 1
  • Tax Map Number: 28.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2022
Sold by
Nguyen Phuong
Bought by
Nguyen Phuong and Pease Zane
Current Estimated Value
$686,220

Purchase Details

Listed on
Aug 21, 2020
Closed on
Aug 20, 2020
Sold by
Rogers & Kunnen Commercial Prop Llc
Bought by
Nguyen Phuong
Seller's Agent
Ralph Heins
Citiea
Buyer's Agent
Elora Tran
eXp Realty
List Price
$559,000
Sold Price
$520,000
Premium/Discount to List
-$39,000
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.15%
Original Mortgage
$225,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2015
Sold by
Kunnen Harold J
Bought by
Rogers & Kunnen Commercial Properties Ll

Purchase Details

Closed on
Aug 7, 2013
Sold by
Rogers Wendy J
Bought by
Kunnen Harold J

Purchase Details

Closed on
May 3, 2013
Sold by
Rogers Kunnen Family Trust
Bought by
Kunnen Harold J and Rogers Wendy J

Purchase Details

Closed on
Nov 4, 2006
Sold by
Wooden Hazel Margaret Lofgreen
Bought by
Wooden Robert Louis and Wooden Hazel Margaret Lofgreen

Purchase Details

Closed on
Jan 11, 2005
Sold by
Kunnen Harold J and Rogers Wendy J
Bought by
Rogers & Kunnen Commercial Properties Ll

Purchase Details

Closed on
Aug 25, 2004
Sold by
Kunnen Harold J and Rogers Wendy J
Bought by
Rogers & Kunnen Commercial Properties Ll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2004
Sold by
Kruft Enterprises Llc
Bought by
Kunnen Harold J and Rogers Wendy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 29, 2002
Sold by
Kruft Virginia G and Trust A
Bought by
Kruft Enterprises Llc

Purchase Details

Closed on
Apr 29, 1999
Sold by
F Square Corp
Bought by
Fowler Reginald D

Purchase Details

Closed on
Aug 18, 1998
Sold by
Fowler Reginald D
Bought by
F Square Corp

Purchase Details

Closed on
Feb 4, 1998
Sold by
F Square Corp
Bought by
Fowler Reginald D

Purchase Details

Closed on
Mar 12, 1997
Sold by
Kruft Robert E and Kruft R
Bought by
Kruft Robert E and Kruft R

Purchase Details

Closed on
Oct 30, 1996
Sold by
Hulsebusch Nancy
Bought by
Hulsebusch Hans K

Purchase Details

Closed on
Aug 21, 1996
Sold by
Kruft Robert E and Kruft R
Bought by
Kruft Robert E and Kruft R
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
Nguyen Phuong -- None Listed On Document
Nguyen Phuong $520,000 Phoenix Title Agency
Rogers & Kunnen Commercial Properties Ll -- None Available
Kunnen Harold J -- None Available
Kunnen Harold J -- None Available
Kunnen Harold J -- None Available
Rogers Kunnen Family Trust -- None Available
Wooden Robert Louis -- None Available
Rogers & Kunnen Commercial Properties Ll -- Security Title Agency Inc
Rogers & Kunnen Commercial Properties Ll -- Security Title Agency
Kunnen Harold J $600,000 Security Title Agency
Kruft Enterprises Llc -- --
Fowler Reginald D -- --
F Square Corp -- --
Fowler Reginald D -- --
Kruft Robert E -- --
Hulsebusch Hans K -- Lawyers Title Of Arizona Inc
Senftner Michael -- Lawyers Title Of Arizona Inc
Kruft Robert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Phuong $225,000
Previous Owner Rogers & Kunnen Commercial Properties Ll $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2020 08/21/20 Sold $520,000 -7.0% $88 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
08/21/2020 08/21/20 Price Changed $559,000 0.0% $95 / Sq Ft
07/31/2020 07/31/20 Pending -- -- --
07/31/2020 07/31/20 Price Changed $559,000 0.0% $95 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
05/13/2020 05/13/20 For Sale $559,000 -- $95 / 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 $10,739 $89,594 -- --
2024 $10,535 $87,995 -- --
2023 $10,535 $120,190 $92,208 $27,982
2022 $10,403 $130,988 $55,948 $75,040
2021 $10,774 $107,298 $57,546 $49,752
2020 $10,447 $94,626 $58,050 $36,576
2019 $10,249 $92,934 $52,362 $40,572
2018 $9,994 $89,010 $51,030 $37,980
2017 $9,697 $80,802 $47,250 $33,552
2016 $9,628 $78,516 $41,094 $37,422
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6077848

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-28-001U

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