NOT LISTED FOR SALE

3130 E Union Hills Dr Phoenix, AZ 85050

Paradise Valley Village Neighborhood

Estimated Value: $5,485,761

-- Bed
-- Bath
-- Sq Ft
3.02 Acres

Last Sold July 31, 2013

Last sale price $2,260,000

Est. 143% increase in value since last sale

Current estimated payment $33,273/month

198 Days on Market

About This Home

As of July 2013

•COLLEGE PLAZA - INVESTMENT SALE
•MULTI TENANT RETAIL SHOPS
•2 BUILDINGS AT 30,153 SF
•FOR SALE: $2.33 MILLION
•10.47% CAP RATE
•NOI: $243,968.02
•SEVEN TENANTS - 93% OCCUPIED


•NWC UNION HILLS DR AND 32ND ST
•NEAR MAJOR RETAIL, ADJACENT TO PARADISE VALLEY COMM. COLLEGE
•34,000 DAILY TRAFFIC COUNT
•EASY ACCESS TO LOOP 101 AND SR 51

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 11/27/2012

Last Buyer's Agent

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 11/27/2012

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $52,662

Year Built

  • Built in 1989

Lot Details

  • Property is zoned C-2

Listing and Financial Details

  • Assessor Parcel Number 213-16-383-A

Property Details

Property Type

Other

Est. Annual Taxes

$52,662

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Year Built: 1989
  • Tax Parcel Letter: A
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: Other, See Remarks
  • Construction Type: Other, See Remarks
  • Roof: See Remarks, Other
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Additional Parcels: No
  • Parcel #: 213-16-383-A

Tax Info

  • Tax Book Number: 213.00
  • Tax Lot: 0
  • Tax Map Number: 16.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2024
Sold by
Cre College Plaza Llc
Bought by
Union Plaza Llc
Current Estimated Value
$5,485,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,937,165
Interest Rate
7.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 27, 2012
Closed on
Jul 9, 2013
Sold by
Weinbrenner Eric
Bought by
Cre College Plaza Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
List Price
$2,250,000
Sold Price
$2,260,000
Premium/Discount to List
$10,000
0.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,557,500
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 10, 2012
Sold by
The Coachwood Partnership Llc
Bought by
Weinbrenner Eric

Purchase Details

Closed on
Apr 15, 1997
Sold by
The Coachwood Partnership
Bought by
The Coachwood Partnership Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.86%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Union Plaza Llc $4,580,000 Fidelity National Title Agency
Cre College Plaza Llc $2,225,000 Magnus Title Agency
Weinbrenner Eric $1,931,633 None Available
The Coachwood Partnership Llc -- Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Union Plaza Llc $5,000,000
Previous Owner Cre College Plaza Llc $1,557,500
Previous Owner The Coachwood Partnership Llc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2013 07/31/13 Sold $2,260,000 +0.4% --
06/13/2013 06/13/13 Pending -- -- --
11/27/2012 11/27/12 For Sale $2,250,000 -- --
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 $52,662 $515,291 -- --
2024 $53,357 $506,089 -- --
2023 $53,357 $574,855 $189,975 $384,880
2022 $54,375 $550,236 $178,238 $371,998
2021 $56,093 $567,396 $183,330 $384,066
2020 $54,358 $583,038 $191,052 $391,986
2019 $54,430 $560,124 $176,580 $383,544
2018 $52,644 $571,788 $192,258 $379,530
2017 $50,462 $545,004 $192,258 $352,746
2016 $49,621 $495,180 $176,922 $318,258
2015 $47,227 $375,532 $132,423 $243,109
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2013

    Tanner Milne

    The Menlo Group Commercial Real Estate

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4854995

Arizona Regional Multiple Listing Service (ARMLS)

APN: 213-16-383A

Arizona Maricopa County Phoenix 85050 Paradise Valley Village

3130 E Union Hills Dr, Phoenix, AZ

Not Listed for Sale

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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