NOT LISTED FOR SALE

Estimated Value: $863,550

Studio
-- Bath
3,772 Sq Ft
$229/Sq Ft Est. Value

Last Sold October 13, 2017

Last sale price $470,000 $125 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,140/month

302 Days on Market

Highlights

  • 0.59 Acre Lot
  • Central Air
  • Heating System Uses Natural Gas
  • Community Kitchen
  • Wood Fence

About This Home

As of October 2017

A TRUE NNN - TENANT JUST EXERCISED THEIR FIRST 3 YEAR OPTION IN MAY 2017. ONE 3-YEAR OPTION REMAINING AT 3% INCREASES PER YEAR. STRONG TENANT.

Last Agent to Sell the Property

Toni Artino

West USA Realty License #BR007945000 Listed on: 11/21/2016

West USA Realty

Co-Listed By

Matt D'Alesio

West USA Realty License #SA027778000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,714

Year Built

  • Built in 1976

Lot Details

  • 0.59 Acre Lot
  • Wood Fence
  • Property is zoned C-2

Home Design

  • 3,772 Sq Ft Home
  • Composition Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Parking

  • 28 Open Parking Spaces
  • 28 Parking Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 214-61-207-E

Community Details

Amenities

  • Community Kitchen

Building Details

  • Operating Expense $6,714
  • Gross Income $57,108
  • Net Operating Income $45,252

Property Details

Property Type

Other

Est. Annual Taxes

$6,714

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: 32nd St and Thunderbird
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Current Use: Food Service
  • Number Of Buildings: 1
  • Year Built: 1976
  • Tax Year: 2014
  • Lot Size Acres: 0.59
  • Co List Office Mls Id: eren01
  • Co List Office Phone: 602-938-2000
  • Structure Type: Commercial
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Wood
  • Construction Type: Stucco, Block
  • Roof: Composition, Foam
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 28.0
  • Total Parking Spaces: 28.0
  • General Property Description:Uncvrd Parking Spcs: 28.0
  • General Property Description:Total Parking Spcs: 28.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric, Natural Gas
  • Green Building Features: Physcl Chlgd (SRmks), Kitchen
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Association/Amenities

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

Lot Info

  • Lot Size Sq Ft: 25592.0
  • Additional Parcels: No
  • Parcel #: 214-61-207-E
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 57108.0
  • Property Net Operating Income: 45252.0
  • Annual Operating Expense: 6714.0

Tax Info

  • Tax Annual Amount: 6714.0
  • Tax Book Number: 214.00
  • Tax Lot: 0
  • Tax Map Number: 61.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2016
Closed on
Oct 10, 2017
Sold by
Imburgia Frank and Imburgia Rose
Bought by
Oakmark 51 Llc
Seller's Agent
Toni Artino
West USA Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$550,000
Sold Price
$470,000
Premium/Discount to List
-$80,000
-14.55%
Current Estimated Value
$863,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$393,550
Avg. Annual Appreciation
7.61%
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
Oakmark 51 Llc $470,000 Fidelity National Title Agen
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2017 10/13/17 Sold $470,000 -18.3% $125 / Sq Ft
07/03/2017 07/03/17 Price Changed $575,000 +4.5% $152 / Sq Ft
11/21/2016 11/21/16 For Sale $550,000 -- $146 / 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 $7,867 $76,979 -- --
2024 $7,971 $75,604 -- --
2023 $7,971 $85,017 $45,237 $39,780
2022 $8,123 $83,196 $46,498 $36,698
2021 $8,380 $85,788 $47,826 $37,962
2020 $8,121 $82,692 $45,144 $37,548
2019 $8,131 $77,616 $41,328 $36,288
2018 $7,864 $75,078 $40,050 $35,028
2017 $7,538 $74,412 $40,050 $34,362
2016 $7,413 $66,996 $35,856 $31,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5527886

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-61-207E