NOT LISTED FOR SALE

Estimated Value: $644,056

-- Bed
-- Bath
2,439 Sq Ft
$264/Sq Ft Est. Value

Last Sold December 28, 2015

Last sale price $312,500 $128 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $4,066/month

39 Days on Market

Highlights

  • Gated Community
  • Community Kitchen
  • Central Air
  • Phoenix Coding Academy Rated A
  • Skylights
  • Concrete Flooring

About This Home

As of December 2015

Professional office building located at 20th St & Osborn in the south Biltmore area of Phoenix. This office is a great value at $139/sf. This 2,438 sf office sits on a 12,300 sf lot (0.28 acres). The exterior of this office has been professionally remodeled and landscaped. This office building includes 7 offices, conference room, reception area, kitchen and restrooms. There are 4 parking spaces for visitors and 8 parking spaces for employees. This office is located next to the 51 Freeway and less than 2 miles from the 202 and I-10 Freeways. This office is located close to downtown Phoenix, the Biltmore area, Phoenix Sky Harbor Airport, Good Samaritan Hospital and the AZ Heart Hospital.

Last Listed By

Rob Ryan

West USA Realty License #SA627306000 Listed on: 09/23/2015

West USA Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,115

Year Built

  • Built in 1973

Lot Details

  • 0.28 Acre Lot
  • Block Wall Fence
  • Property is zoned C-1

Home Design

  • Block Exterior

Interior Spaces

  • 2,439 Sq Ft Home
  • Skylights
  • Concrete Flooring

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 119-26-003-A

Community Details

Overview

  • Building Dimensions are 60' x 200'
  • Murphy Tract Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Additional Features

  • Operating Expense $5,115
  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$5,115

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Osborn Rd & 20th Street
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-1
  • Current Use: Office
  • Number Of Buildings: 1
  • Year Built: 1973
  • Tax Year: 2015
  • Directions: Located one property south of the intersection of Osborn Rd & 20th St on the west side of the road.
  • Lot Size Acres: 0.28
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: wusa05
  • Co List Office Phone: 602-942-4200
  • Subdivision Name: MURPHY TRACT
  • Structure Type: Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block
  • Construction Type: Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: Master Meter, APS
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Reception Room, Kitchen, Showers - Office, Skylight(s), Security Gate
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Electric Master Meter: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Showers - Office: Yes
  • Amenities:Skylight(s)2: Yes
  • Amenities:Security Gate: Yes

Lot Info

  • Lot Size: 60' x 200'
  • Lot Size Sq Ft: 12300.0
  • Additional Parcels: No
  • Parcel #: 119-26-003-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 5115.44

Tax Info

  • Tax Annual Amount: 5115.44
  • Tax Book Number: 119.00
  • Tax Lot: 1
  • Tax Map Number: 26.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2015
Closed on
Nov 11, 2015
Sold by
Highroad Properties Llc
Bought by
Romex Partners Llc
Seller's Agent
Rob Ryan
West USA Realty
Buyer's Agent
Anca Muresan
HomeSmart
List Price
$339,000
Sold Price
$312,500
Premium/Discount to List
-$26,500
-7.82%
Total Days on Market
39
Current Estimated Value
$644,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$331,556
Avg. Annual Appreciation
7.99%
Original Mortgage
$310,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 27, 2015
Sold by
Lind Lawrence and Lind Jennifer
Bought by
Highroad Properties Llc

Purchase Details

Closed on
Jan 13, 2005
Sold by
Lee Rutledge Jr Gordon Douglas and Lee Terry Richard
Bought by
Lind Lawrence and Lind Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 2004
Sold by
Rutledge Jamie
Bought by
Rutledge Kevin Clay

Purchase Details

Closed on
Nov 19, 1996
Sold by
Rutledge Gordon and Terry Richard Lee
Bought by
Rutledge Gordon Douglas and Terry Richard Lee

Purchase Details

Closed on
Nov 4, 1996
Sold by
Rutledge Gordon D
Bought by
Lee Rutledge Jr Gordon and Lee Terry Richard

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
Romex Partners Llc $312,500 American Title Svc Agency Ll
Highroad Properties Llc $290,000 American Title Svc Agency Ll
Lind Lawrence $160,000 Arizona Title Agency Inc
Rutledge Kevin Clay -- Arizona Title Agency Inc
Rutledge Ronald William -- Arizona Title Agency Inc
Rutledge Gordon Douglas -- --
Rutledge Gordon -- --
Lee Rutledge Jr Gordon $138,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Romex Partners Llc $310,000
Previous Owner Lind Lawrence $185,000
Previous Owner Lind Lawrence $50,000
Previous Owner Lind Lawrence $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2015 12/28/15 Sold $312,500 -7.8% $128 / Sq Ft
10/10/2015 10/10/15 Pending -- -- --
09/01/2015 09/01/15 For Sale $339,000 -- $139 / 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 $5,749 $42,882 -- --
2024 $5,855 $42,116 -- --
2023 $5,855 $64,209 $38,947 $25,262
2022 $5,791 $62,563 $35,613 $26,950
2021 $6,101 $61,398 $36,630 $24,768
2020 $5,953 $58,806 $35,586 $23,220
2019 $5,911 $46,980 $32,886 $14,094
2018 $5,789 $43,326 $25,056 $18,270
2017 $5,566 $36,324 $25,056 $11,268
2016 $5,350 $32,076 $21,582 $10,494
2015 $5,115 $30,562 $18,204 $12,358
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5338342

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-26-003A