NOT LISTED FOR SALE

Estimated Value: $644,661

Studio
-- Bath
5,500 Sq Ft
$117/Sq Ft Est. Value

Last Sold September 01, 2017

Last sale price $3,100 $1 Per Sq Ft

Est. 20,696% increase in value since last sale

Current estimated payment $4,076/month

409 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Central Air

About This Home

As of September 2017

Beautiful office building centrally located in Phoenix for lease. Property boasts 4 bathrooms (one with a shower)
and multiple office rooms. Large basement with two separate rooms. Upstairs is a large open space with access
to the roof/balcony area. Property has great visibility for any business and a monument sign which can be seen
from Osborn Rd and 16th St.

PROPERTY HIGHLIGHTS:
• Centrally Located
• Excellent Visibility
• Signage
• Covered Parking
• Two Stories and a Basement
• C-2 Zoning
• Close to the 51 and I-10
• Easy to Access

Last Agent to Sell the Property

Bryan Mortensen

LRA Real Estate Group, LLC License #BR648243000 Listed on: 07/19/2016

Last Buyer's Agent

Bryan Mortensen

LRA Real Estate Group, LLC License #BR648243000 Listed on: 07/19/2016

Property Details

Property Type

  • Other

Year Built

  • Built in 1981

Lot Details

  • 8,087 Sq Ft Lot
  • Property is zoned C-2

Home Design

  • 5,500 Sq Ft Home
  • Tile Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Public Parking
  • 4 Covered Spaces
  • Private Parking
  • Paved Parking

Utilities

  • Central Air

Community Details

  • Home Acres Subdivision

Listing and Financial Details

  • Property Available on 7/19/16
  • The owner pays for (see remarks)
  • Tax Lot 2
  • Assessor Parcel Number 119-32-107

Property Details

Property Type

Other

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: 16th St and Osborn
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Lease
  • Zoning: C-2
  • Lease Info Annual Exp Stop Sq Ft: 3.0
  • Lease Info Annual Lease Price: 37200.0
  • Lease Info Annual Lse Prc P S F: 6.76
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3-10
  • Lease Info Space Divisible: No
  • Year Built: 1981
  • Tax Year: 2015
  • Lot Size Acres: 0.19
  • Subdivision Name: HOME ACRES
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Other
  • Living Area: 5500.0

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Stucco, Block
  • Roof: Tile, Foam
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Private Parking, Public Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central A/C

Lot Info

  • Lot Size Sq Ft: 8087.0
  • Additional Parcels: No
  • Parcel #: 119-32-107
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2016-07-19

Multi Family

  • Owner Pays: Other (See Remarks)
  • Tenant Pays: See Remarks
  • Existing Lease Type: Gross, Modified Terms
  • Leasable Area: 5500.0

Tax Info

  • Tax Annual Amount: 8866.0
  • Tax Book Number: 119.00
  • Tax Lot: 2
  • Tax Map Number: 32.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2017
Sold by
Beram Tony B and Beram Maria D
Bought by
3335 N 16Th Street Llc
Current Estimated Value
$644,661

Purchase Details

Closed on
May 2, 2016
Sold by
William R Hunter Inc
Bought by
Beram Tony B and Beram Maria D

Purchase Details

Closed on
Aug 21, 2002
Sold by
Gendreau Robert E
Bought by
William R Hunter Inc and American Family Insurance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
6.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 7, 2000
Sold by
Johnson Marion Waldo F and Johnson Marion Karen
Bought by
Gendreau Robert E
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
3335 N 16Th Street Llc -- None Available
Beram Tony B $320,000 Fidelity Natl Title Agency I
William R Hunter Inc $240,000 Stewart Title & Trust
Gendreau Robert E $1,100,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner William R Hunter Inc $226,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2017 09/01/17 Sold $3,100 0.0% $1 / Sq Ft
08/01/2017 08/01/17 Price Changed $3,100 -26.2% $1 / Sq Ft
07/19/2016 07/19/16 For Sale $4,200 -- $1 / 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 $8,462 $62,649 -- --
2024 $8,554 $61,530 -- --
2023 $8,554 $85,017 $29,818 $55,199
2022 $8,460 $85,348 $26,705 $58,643
2021 $8,914 $85,050 $27,468 $57,582
2020 $8,697 $80,694 $26,226 $54,468
2019 $8,635 $62,550 $24,246 $38,304
2018 $8,458 $57,744 $18,990 $38,754
2017 $8,131 $50,670 $18,990 $31,680
2016 $7,816 $45,432 $16,740 $28,692
2015 $8,866 $54,353 $14,430 $39,923
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5472522

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-32-107