NOT LISTED FOR SALE

3118 E Mcdowell Rd Phoenix, AZ 85008

Camelback East Village Neighborhood

Estimated Value: $2,397,476

-- Bed
-- Bath
13,100 Sq Ft
$183/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $1,175,000 $90 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $14,559/month

280 Days on Market

Highlights

  • 1.5 Acre Lot
  • Community Kitchen
  • Concrete Flooring
  • The Creighton Academy Rated 9+
  • Security Fence
  • Heating Available

About This Home

As of June 2017

Excellent location with close proximity to the SR 51, Loop 202, and Sky Harbor Airport. Security fence for property and the 80 parking spaces. Office spaces from as small as 77 Square feet and as large as 571 Square feet. 8 Bathrooms (in two buildings), Frontage to McDowell. (IPAD CONTROL INCLUDED - Security, Thermostat, Audio, Building Manuals, Documentation) Building site has been reviewed and approved for a Pre-Application Zoning(special use permit) for Self Storage usage.

Last Agent to Sell the Property

Steven Crane

Crane Real Estate License #BR562054000 Listed on: 07/11/2017

Co-Listed By

Yadira Solorio Crane

Crane Real Estate License #BR651251000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,159

Year Built

  • Built in 1987

Lot Details

  • 1.5 Acre Lot
  • Security Fence
  • Block Wall Fence
  • Property is zoned C2

Home Design

  • 13,100 Sq Ft Home
  • Wood Frame Construction
  • Composition Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Vinyl

Parking

  • 60 Open Parking Spaces
  • 80 Parking Spaces
  • 20 Covered Spaces
  • Paved Parking
  • Fenced Parking

Utilities

  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 120-20-042

Community Details

Overview

  • 2 Buildings

Amenities

  • Community Kitchen
  • Meeting Room
  • Showroom
  • Reception Area

Building Details

  • Operating Expense $12,173
  • Gross Income $2
  • Net Operating Income $1

Property Details

Property Type

Other

Est. Annual Taxes

$12,159

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: 32nd ST and East McDowell
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2015
  • Directions: West on McDowell, building on North side of McDowell.
  • Lot Size Acres: 1.5
  • Professional Management Expense: 1.0
  • Co List Office Mls Id: reex02
  • Co List Office Phone: 480-355-3500
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Vinyl, Concrete
  • Living Area: 13100.0

Exterior Features

  • Fencing: Security, Block
  • Disclosures: Other (See Remarks)
  • Construction Type: Frame - Wood, Stucco, Block
  • Roof: Composition, Foam
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 20.0
  • Parking Features: Paved Parking, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 60.0
  • Total Parking Spaces: 80.0
  • General Property Description:Covered Parking Spcs: 20.0
  • General Property Description:Uncvrd Parking Spcs: 60.0
  • General Property Description:Total Parking Spcs: 80.0
  • Parking:Paved Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Office A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Reception Room, Showroom, Kitchen, Showers - Office
  • Water Source: Other, See Remarks
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Showers - Office: Yes
  • Amenities:Showroom: Yes

Fee Information

  • Annual Fuel Expense: 1.0
  • Trash Expense: 1.0
  • Annual Water Sewer Expense: 1.0

Lot Info

  • Lot Size Sq Ft: 65340.0
  • Parcel #: 120-20-042
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 1.0
  • Annual Gross Income: 1.9
  • Insurance Expense: 1.0
  • Maintenance Expense: 1.0
  • Property Net Operating Income: 1.0
  • Annual Operating Expense: 12173.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 12159.0
  • Tax Book Number: 120.00
  • Tax Lot: 0
  • Tax Map Number: 20.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2017
Closed on
Jun 21, 2017
Sold by
Mac Training Llc
Bought by
Riverview Drive Llc
Seller's Agent
Steven Crane
Crane Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,650,000
Sold Price
$1,175,000
Premium/Discount to List
-$475,000
-28.79%
Total Days on Market
280
Current Estimated Value
$2,397,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,222,476
Avg. Annual Appreciation
9.58%

Purchase Details

Closed on
Oct 29, 2013
Sold by
Arrowhead D 150 Llc
Bought by
Mac Training Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,900
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2013
Sold by
Modesti Gregory C and Modesti Jacqueline D
Bought by
Arrowhead D-150 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,900
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 1997
Sold by
Udvare Family Ltd Partnership
Bought by
Modesti Gregory C
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
Riverview Drive Llc $1,175,000 Great American Title Agency
Mac Training Llc $520,000 Commonwealth Land Title Insu
Arrowhead D-150 Llc $520,000 None Available
Modesti Gregory C $1,100,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mac Training Llc $456,900
Previous Owner Mac Training Llc $456,900
Previous Owner Modesti Gregory C $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2017 06/30/17 Sold $1,175,000 0.0% $90 / Sq Ft
12/19/2016 12/19/16 Off Market $1,175,000 -- --
08/05/2016 08/05/16 For Sale $1,650,000 -- $126 / 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 $13,666 $101,926 -- --
2024 $13,917 $100,106 -- --
2023 $13,917 $168,113 $86,836 $81,277
2022 $13,764 $104,703 $85,785 $18,918
2021 $14,502 $104,544 $88,236 $16,308
2020 $14,149 $212,076 $91,926 $120,150
2019 $14,049 $190,242 $84,960 $105,282
2018 $13,760 $157,032 $63,882 $93,150
2017 $13,229 $156,186 $63,882 $92,304
2016 $12,717 $90,106 $28,870 $61,236
2015 $12,159 $92,609 $29,672 $62,937
Source: Public Records

Agents Affiliated with this Home

  • Steven Crane

    Seller's Agent in 2017

    Steven Crane

    Crane Real Estate

    (480) 812-5447

    2 in this area

    13 Total Sales

    Steven Crane
    Section Image
  • Yadira Solorio Crane

    Seller Co-Listing Agent in 2017

    Yadira Solorio Crane

    Crane Real Estate

    (480) 519-3085

    16 in this area

    51 Total Sales

    Yadira Solorio Crane
    Section Image

  • N

    Buyer's Agent in 2017

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5480221

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-20-042

Arizona Maricopa County Phoenix 85008 Camelback East Village

3118 E Mcdowell Rd, Phoenix, AZ

This home is located at 3118 E Mcdowell Rd, Phoenix, AZ 85008 since 11 July 2017 and is currently estimated at $2,397,476, approximately $183 per square foot. This property was built in 1987. 3118 E Mcdowell Rd is a home located in Maricopa County with nearby schools including The Creighton Academy, Camelback High School, and Phoenix Coding Academy.

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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