NOT LISTED FOR SALE

Estimated Value: $688,851

-- Bed
-- Bath
5,117 Sq Ft
$135/Sq Ft Est. Value

Last Sold April 25, 2023

Last sale price $650,000 $127 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,993/month

Highlights

  • 0.56 Acre Lot
  • Community Kitchen
  • Concrete Flooring
  • Desert Cove Elementary School Rated A-
  • Cooling Available
  • No Heating

About This Home

As of April 2023

This is a unique opportunity to own a commercial property with multiple income generating possibilities. The C-2 zoned property sits on 0.56 acres and features 3 automotive bays, perfect for any car-related business. Additionally, there is a large RV bay with a charming log cabin style residence/office. The property also includes a 35 x 45 ft industrial metal building with a large overhead door, offering ample space for storage or additional business operations. The property has a concrete parking lot and private access gate, ensuring the safety and security of your customers and equipment. The property is also surrounded by a complete wall, adding to the privacy and exclusivity of this rare offering. Don't miss out on this prime commercial property!

Last Agent to Sell the Property

Joseph Julian

HomeSmart License #SA700344000 Listed on: 03/23/2023

HomeSmart

Co-Listed By

Steven Julian

HomeSmart License #SA703279000

Last Buyer's Agent

Steven Julian

HomeSmart Realty License #SA703279000

HomeSmart Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,674

Year Built

  • Built in 1985

Lot Details

  • 0.56 Acre Lot
  • Block Wall Fence
  • Property is zoned C-2

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Block Exterior
  • Metal Siding

Interior Spaces

  • 5,117 Sq Ft Home
  • Concrete Flooring

Parking

  • 20 Open Parking Spaces
  • 24 Parking Spaces
  • Public Parking
  • 4 Covered Spaces
  • Private Parking
  • Fenced Parking

Utilities

  • Cooling Available
  • No Heating

Community Details

  • 3 Buildings
  • Community Kitchen
  • Operating Expense $4,674

Listing and Financial Details

  • Tax Lot P
  • Assessor Parcel Number 166-01-007-P

Property Details

Property Type

Other

Est. Annual Taxes

$4,674

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: SR51 and Cactus Rd
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2022
  • Directions: Head north on 51 freeway. Exit on Cactus Rd. Turn left. Turn first right between the pool supply store and the fly shop. Follow to rear gate.
  • Lot Size Acres: 0.56
  • Road Surface Type: Asphalt, Concrete
  • Co List Office Mls Id: cril12
  • Co List Office Phone: 602-230-7600
  • Structure Type: Commercial
  • Tax Parcel Letter: P
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 5117.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Frame - Wood, Metal Siding, Block
  • Roof: Metal
  • Construction:Block: Yes
  • Construction:Metal: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Private, Public Parking, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 24.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 24.0
  • Parking Features Private Parking: Yes
  • Parking Features Public Parking: Yes
  • Parking Features Fenced: Yes

Utilities

  • Electric: APS
  • Cooling: None
  • Heating: None
  • Green Building Features: Kitchen
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Association/Amenities

  • Amenities:Kitchen: Yes

Lot Info

  • Lot Size Sq Ft: 24394.0
  • Parcel #: 166-01-007-P
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 4674.0

Tax Info

  • Tax Annual Amount: 4674.0
  • Tax Book Number: 166.00
  • Tax Lot: P
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2006
Sold by
Pullen Charles M and Pullen Joy L
Bought by
Norace Llc
Current Estimated Value
$688,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.56%
Mortgage Type
Commercial
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
Norace Llc $465,000 Chicago Title Insurance Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2023 04/25/23 Sold $650,000 -13.3% $127 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
03/23/2023 03/23/23 Price Changed $750,000 -37.5% $147 / Sq Ft
03/23/2023 03/23/23 For Sale $1,200,000 +84.6% $235 / Sq Ft
01/13/2023 01/13/23 Off Market $650,000 -- --
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 $4,093 $39,872 -- --
2024 $4,129 $39,160 -- --
2023 $4,129 $67,643 $26,435 $41,208
2022 $4,207 $55,616 $20,213 $35,403
2021 $4,340 $58,338 $19,296 $39,042
2020 $4,206 $58,536 $14,274 $44,262
2019 $4,212 $58,536 $14,274 $44,262
2018 $4,073 $42,192 $14,670 $27,522
2017 $3,905 $39,330 $14,670 $24,660
2016 $3,839 $34,866 $14,148 $20,718
2015 $3,654 $29,526 $10,471 $19,055
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6507236

Arizona Regional Multiple Listing Service (ARMLS)

APN: 166-01-007S