$980,000
SOLD DEC 11, 2024
-- Bed
-- Bath
3,799 Sq Ft
6,250 Sq Ft Lot

Recently Sold

$258 Per Sq Ft

30% Below List Price

9 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of December 2024

This prime vacant redevelopment property is located at the southeast corner of 3rd Street and Mulberry in Midtown Phoenix. The site consists of two parcels totaling 12,500 square feet, featuring a 3,798 square foot building at 305 Mulberry and 3309 North 3rd Street. The property includes a single-family home built in 1932 and a commercial building constructed in 1946. Zoned C-1 Neighborhood Commercial, it was previously operated as a guitar shop. This property offers an excellent investment opportunity for a commercial buyer.

Sale includes both:
APN 118-22-066
APN 118-22-067

Last Agent to Sell the Property

Roger Phillips

Keller Williams Realty Phoenix License #SA651186000 Listed on: 11/12/2024

Keller Williams Realty Phoenix

Last Buyer's Agent

Larry Cheuk

Gold Coast Realty License #BR627504000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,780

Year Built

  • Built in 1957

Lot Details

  • 6,250 Sq Ft Lot
  • Property is zoned C-n

Parking

  • Public Parking

Home Design

  • 3,799 Sq Ft Home

Utilities

  • Central Air
  • Heating Available

Community Details

  • Flora Vista Tract Subdivision
  • Operating Expense $5,780

Listing and Financial Details

  • Tax Lot 1, 2
  • Assessor Parcel Number 118-22-066

Property Details

Property Type

Other

Est. Annual Taxes

$5,780

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: Mulberry
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-n
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2024
  • Directions: Property is located at 3rd Street and Mulberry in midtown Phoenix, just a 15-minute drive from Phoenix Sky Harbor International Airport and a 6-minute walk to the Metro light rail.
  • Lot Size Acres: 0.14
  • Subdivision Name: FLORA VISTA TRACT
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 3799.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Public Parking
  • Attached Garage: No
  • Parking:Public Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 6250.0
  • Parcel #: 118-22-066
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 5780.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 5780.0
  • Tax Book Number: 118.00
  • Tax Lot: 1, 2
  • Tax Map Number: 22.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2024
Closed on
Dec 10, 2024
Sold by
Hauke Megan M
Bought by
3Aaa Chen Family Llc
Seller's Agent
Roger Phillips
Keller Williams Realty Phoenix
Buyer's Agent
Larry Cheuk
Gold Coast Realty
List Price
$1,400,000
Sold Price
$980,000
Premium/Discount to List
-$420,000
-30%
Views
2
Current Estimated Value
$1,022,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,785
Avg. Annual Appreciation
9.44%

Purchase Details

Closed on
Dec 9, 2022
Sold by
Hauke Dionne
Bought by
Hauke Megan M

Purchase Details

Closed on
Feb 1, 2012
Sold by
Hauke Charles Richard
Bought by
Hauke Dionne A
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Special Warranty Deed $980,000 Landmark Title
Gift Deed -- --
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 Sold $980,000 -30.0% $258 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
11/12/2024 11/12/24 For Sale $1,400,000 -- $369 / 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 $5,780 $44,660 -- --
2024 $5,752 $43,863 -- --
2023 $5,752 $86,326 $50,524 $35,802
2022 $5,889 $70,158 $36,820 $33,338
2021 $6,160 $71,244 $37,872 $33,372
2020 $6,004 $70,470 $37,386 $33,084
2019 $5,743 $46,260 $14,796 $31,464
2018 $5,553 $44,838 $13,698 $31,140
2017 $5,098 $42,210 $14,274 $27,936
2016 $4,918 $38,628 $13,338 $25,290
2015 $4,699 $33,134 $13,320 $19,814
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6783090

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-22-066