NOT LISTED FOR SALE

Estimated Value: $488,797 - $600,000

-- Bed
-- Bath
1,471 Sq Ft
$360/Sq Ft Est. Value

Last Sold December 31, 2014

Last sale price $225,000 $153 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $3,145/month

57 Days on Market

Highlights

  • Wood Flooring
  • Community Kitchen
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Central Air

About This Home

As of December 2014

Former salon use dates back to 2005-06 when the property had a complete renovation. Upgraded electrical, plumbing, mechanical, and structural, offering an open floor plan, several wet areas, and basement storage. Strong location for a boutique type business or????
Call broker for package and details.

Last Agent to Sell the Property

Scot Hall

Wolf Realty, Inc. License #BR029352000 Listed on: 10/09/2014

Last Buyer's Agent

Scot Hall

Wolf Realty, Inc. License #BR029352000 Listed on: 10/09/2014

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,168

Year Built

  • Built in 1930

Lot Details

  • 8,800 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned C-1

Home Design

  • Brick Exterior Construction
  • Shake Roof

Interior Spaces

  • 1,471 Sq Ft Home
  • Wood Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 78
  • Assessor Parcel Number 118-12-079-A

Community Details

Overview

  • Building Dimensions are 55 x 153
  • Cherry Lynn Historical District Subdivision

Additional Features

  • Community Kitchen
  • Operating Expense $3,168

Property Details

Property Type

Other

Est. Annual Taxes

$3,168

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Cross Street: 16th Street & Osborn Road
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-1
  • Bay Info Bay Door Height: 83.0
  • Bay Info Bay Size: 1470
  • Current Use: Retail, Service Business, Office
  • Number Of Buildings: 1
  • Year Built: 1930
  • Tax Year: 2014
  • Directions: Cherry Lynn is 3 blocks south of Osborn. Property is on the southwest corner of 16th Street & Cherry Lynn
  • Lot Size Acres: 0.2
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: Cherry Lynn Historical District
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood

Exterior Features

  • Fencing: Block
  • Construction Type: Brick
  • Roof: Shake

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: Over 220 Amp, APS
  • Cooling: Central A/C
  • Heating: Heat Pump, Electric
  • Green Building Features: Physcl Chlgd (SRmks), Kitchen
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Physcl Chlgd (SRmks): Yes

Lot Info

  • Lot Size: 55 x 153
  • Lot Size Sq Ft: 8800.0
  • Additional Parcels: No
  • Parcel #: 118-12-079-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 3168.0
  • Vacancy Allowance Rate: 100.0
  • Leasable Area: 1470.0

Tax Info

  • Tax Annual Amount: 3168.0
  • Tax Book Number: 118.00
  • Tax Lot: 78
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2014
Closed on
Dec 24, 2014
Sold by
Santa Rita Properties Llc
Bought by
Adkins Jeffery and Adkins Lalita
Seller's Agent
Scot Hall
Wolf Realty, Inc.
Buyer's Agent
Scot Hall
Wolf Realty, Inc.
List Price
$230,000
Sold Price
$225,000
Premium/Discount to List
-$5,000
-2.17%
Current Estimated Value
$530,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,266
Avg. Annual Appreciation
8.29%
Original Mortgage
$112,500
Outstanding Balance
$86,798
Interest Rate
3.96%
Mortgage Type
Seller Take Back
Estimated Equity
$443,468

Purchase Details

Closed on
Jan 6, 2010
Sold by
Hcw Investments Llc
Bought by
Santa Rita Properties Llc

Purchase Details

Closed on
Jan 31, 2005
Sold by
Curtis Donald Dustin and Curtis Joyce M
Bought by
Hcw Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 1996
Sold by
Mariscal Reinald A
Bought by
Curtis Donald Dustin and Curtis Joyce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,710
Interest Rate
7.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 1995
Sold by
Vestal Dean J and Mariscal Reinald A
Bought by
Mariscal Reinald A and Reinald A Mariscal Sr Trust

Purchase Details

Closed on
Oct 19, 1994
Sold by
Foster Keith R
Bought by
Mariscal Reinald A and Vestal Dean J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
8.9%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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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
Adkins Jeffery $225,000 Chicago Title Agency Inc
Santa Rita Properties Llc $270,000 Chicago Title
Hcw Investments Llc -- Chicago Title Insurance Comp
Hcw Investments Llc $369,500 Grand Canyon Title Agency In
Curtis Donald Dustin $131,900 Security Title Agency
Mariscal Reinald A -- --
Mariscal Reinald A $130,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adkins Jeffery $112,500
Previous Owner Hcw Investments Llc $281,250
Previous Owner Curtis Donald Dustin $118,710
Previous Owner Mariscal Reinald A $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2014 12/31/14 Sold $225,000 -2.2% $153 / Sq Ft
12/05/2014 12/05/14 Pending -- -- --
10/09/2014 10/09/14 For Sale $230,000 +10852.4% $156 / Sq Ft
02/24/2014 02/24/14 Sold $2,100 0.0% $1 / Sq Ft
02/24/2014 02/24/14 Pending -- -- --
07/02/2013 07/02/13 For Sale $2,100 -- $1 / 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 $3,997 $30,884 -- --
2024 $3,978 $30,332 -- --
2023 $3,978 $46,206 $32,912 $13,294
2022 $4,072 $35,351 $22,768 $12,583
2021 $4,260 $36,036 $23,418 $12,618
2020 $4,152 $34,254 $21,726 $12,528
2019 $3,972 $28,296 $16,326 $11,970
2018 $3,840 $27,270 $15,102 $12,168
2017 $3,526 $24,462 $15,732 $8,730
2016 $3,401 $23,004 $14,706 $8,298
2015 $3,250 $21,923 $14,800 $7,123
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5183038

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-12-079A