$1,185,000
SOLD FEB 13, 2025
-- Bed
-- Bath
4,321 Sq Ft
0.36 Acres

Recently Sold

$274 Per Sq Ft

15% Below List Price

241 Days on Market

Highlights

  • Gated Community
  • Ceramic Tile Flooring
  • Multiple Heating Units
  • 0.36 Acre Lot
  • Central Air

About This Home

As of February 2025

PRIME 2 OFFICE/RETAIL BUILDINGS ON 15,800 SF CORNER LOT, WITH 2 ACCESS POINTS, LOCATED IN SOUTH TEMPE, JUST 1/2 MILE NORTH OF US 60 AND ONLY MINUTES FROM ASU AND SKY HARBOR AIRPORT, WITH EXCELLENT TRAFFIC COUNT ON RURAL RD, WITH PRIVATE ON-SITE PARKING. BOTH BLDGS HAVE BEEN WELL MAINTAINED WITH BOTH TILE ROOFS RE-DONE IN 2017. CURRENTLY CONFIGURED INTO 3 SUITES, ALL HAVE SEPARATE HVAC SYSTEMS AND PRIVATE BATHS IN EACH OFFICE, BUILDINGS ARE MASTER METERED FOR ELECTIC AND WATER/SEWER/TRASH. ENJOY INSTANT INCOME-NO VACANCY HERE, ONE TENANT HAS 25+YEAR TENANCY, ALL PROFESSIONAL BUS., LEASE TERMS, 1 EXP IN SEPT. OF 2025 AND ONE IN FEB. OF 2026, ONE IN SEPT OF 2026, SELLER MAY CONSIDER CARRYBACK - OR CASH OR CONV FIN

Last Agent to Sell the Property

Gary Weller

Weller Realty & Management License #BR006009000 Listed on: 12/01/2024

Co-Listed By

Marilynn Dillard

Weller Realty & Management License #SA019797000

Last Buyer's Agent

James Park

Six Zero Two Real Estate Group LLC License #BR656994000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,240

Year Built

  • Built in 1973

Lot Details

  • 0.36 Acre Lot
  • Block Wall Fence
  • Property is zoned CSS

Home Design

  • 4,321 Sq Ft Home
  • Tile Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 17 Open Parking Spaces
  • 17 Parking Spaces
  • Private Parking
  • Free Parking

Utilities

  • Central Air
  • Multiple Heating Units
  • 220 Volts
  • Master Water Meter

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • Thompson Walker Tract Subdivision

Building Details

  • Operating Expense $7,240
  • Gross Income $78,520

Security

  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$7,240

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: RURAL RD/SOUTHERN AVE
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: CSS
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2023
  • Lot Size Acres: 0.36
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: wrmt01
  • Co List Office Phone: 480-345-2422
  • Subdivision Name: THOMPSON WALKER TRACT
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: Q
  • Electric 220: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Living Area: 4321.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Block
  • Roof: Tile
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Private Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 17.0
  • Total Parking Spaces: 17.0
  • General Property Description:Uncvrd Parking Spcs: 17.0
  • General Property Description:Total Parking Spcs: 17.0
  • Parking:Free: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: 220 Volts, Master Meter, SRP
  • Cooling: Central A/C
  • Heating: 2 or More Units, Electric
  • Green Building Features: Security Gate
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Electric Master Meter: Yes

Association/Amenities

  • Amenities:Security Gate: Yes

Lot Info

  • Lot Size Sq Ft: 15886.0
  • Parcel #: 133-28-001-Q
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 78520.0
  • Annual Operating Expense: 7240.0

Tax Info

  • Tax Annual Amount: 7240.0
  • Tax Book Number: 133.00
  • Tax Lot: 1
  • Tax Map Number: 28.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2024
Closed on
Feb 11, 2025
Sold by
Wooden Family Trust and Wooden Robert L
Bought by
Lam Violet T and Lam Nguyen
Seller's Agent
Gary Weller
Weller Realty & Management
Buyer's Agent
James Park
Six Zero Two Real Estate Group LLC
List Price
$1,400,000
Sold Price
$1,185,000
Premium/Discount to List
-$215,000
-15.36%
Views
34
Current Estimated Value
$1,163,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,037
Avg. Annual Appreciation
-1.85%
Original Mortgage
$829,500
Outstanding Balance
$824,571
Interest Rate
6.91%
Mortgage Type
Seller Take Back
Estimated Equity
$339,392

Purchase Details

Closed on
Dec 5, 2006
Sold by
Wooden Robert L and Wooden Hazel M
Bought by
Wooden Robert L and Wooden Hazel M

Purchase Details

Closed on
Aug 29, 2002
Sold by
Kruft Virginia G
Bought by
Kruft Enterprises Llc
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 Type Sale Price Title Company
Special Warranty Deed $1,185,000 Teema Title & Escrow Agency
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $829,500 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2025 02/13/25 Sold $1,185,000 -15.4% $274 / Sq Ft
02/11/2025 02/11/25 Pending -- -- --
12/01/2024 12/01/24 Price Changed $1,400,000 0.0% $324 / Sq Ft
12/01/2024 12/01/24 For Sale $1,400,000 0.0% $324 / Sq Ft
06/14/2024 06/14/24 For Sale $1,400,000 -- $324 / 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 $7,380 $61,572 -- --
2024 $7,240 $60,473 -- --
2023 $7,240 $94,860 $63,512 $31,348
2022 $7,149 $105,700 $41,440 $64,260
2021 $7,404 $87,048 $42,624 $44,424
2020 $7,179 $76,932 $42,696 $34,236
2019 $7,043 $76,158 $34,560 $41,598
2018 $6,868 $70,560 $31,500 $39,060
2017 $6,664 $64,134 $29,178 $34,956
2016 $6,617 $60,174 $25,362 $34,812
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6718928

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-28-001Q