NOT LISTED FOR SALE

Estimated Value: $1,492,000 - $1,874,000

0.2 Acre
$8,763,505 Price per Acre
8,799 Sq Ft Lot

Last Sold January 06, 2022

Last sale price $640,000

Est. 174% increase in value since last sale

Current estimated payment $10,286/month

147 Days on Market

Highlights

  • No HOA
  • Tavan Elementary School Rated A
  • Level Lot

About This Lot

As of January 2022

FULLY PERMITTED PLANS IN-HAND TO CONVEY! Shovel ready - rare opportunity for investors and home-buyers alike to secure a new build in Lower Arcadia. This sale will include permitted plans along with the parcel - plans are expected to be fully permitted within weeks, if not days. Floor plan is included for review, buyer will have the option to retain current builder to complete, or opt to build on their own or use a builder of their choosing. This project is also being marketed on the MLS as a build-to-suit opportunity.

Last Agent to Sell the Property

Thomas McCormack

Compass License #SA643629000 Listed on: 10/25/2021

Last Buyer's Agent

Thomas Mccormack

RETSY License #SA643629000

RETSY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,182

Year Built

  • 2022

Lot Details

  • 8,799 Sq Ft Lot
  • Level Lot

Additional Homes

  • Residence on Property

Schools

  • Tavan Elementary School
  • Ingleside Middle School
  • Arcadia High School

Community Details

  • No Home Owners Association
  • Chestley Manor Subdivision

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 127-08-010

Property Details

Property Type

Land

Est. Annual Taxes

$2,182

Year Built

2022

Lot Details

0

Listing Details

  • Cross Street: 44th St & Osborn
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: See Remarks
  • Topography: Level
  • Zoning: Single Family
  • Tax Year: 2020
  • Directions: East on Osborn Rd to 44th Pl, north to property mid-block on the East side.
  • Horses: No
  • Lot Size Acres: 0.2
  • Subdivision Name: CHESTLEY MANOR
  • Special Features: Auction
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2022

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Disclosures: Other (See Rmks)
  • Other Structures: See Remarks, Residence

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Tavan Elementary School
  • High School: Arcadia High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Ingleside Middle School

Lot Info

  • Lot Size: regular
  • Lot Size Sq Ft: 8799.0
  • Additional Parcels: No
  • Parcel #: 127-08-010
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2182.0
  • Tax Book Number: 127.00
  • Tax Lot: 10
  • Tax Map Number: 8.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2023
Sold by
Yk Wellnitz Living Trust
Bought by
Yk Wellnitz Living Trust and Wellnitz
Total Days on Market
147
Current Estimated Value
$1,752,701

Purchase Details

Closed on
May 26, 2023
Sold by
Elliot Barkan Development Llc
Bought by
Yk Wellnitz Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
6.43%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 25, 2021
Closed on
Dec 29, 2021
Sold by
Dwell Investments Llc
Bought by
Elliot Barkan Development Llc
Seller's Agent
Thomas McCormack
Compass
Buyer's Agent
Thomas Mccormack
RETSY
List Price
$725,000
Sold Price
$640,000
Premium/Discount to List
-$85,000
-11.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.26%
Original Mortgage
$630,650
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2020
Sold by
1B2k Llc
Bought by
Dwell Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$752,000
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 14, 2020
Sold by
Summerville Kristina D
Bought by
Ib2k Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$752,000
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 10, 2019
Sold by
Sanchez Theresa M
Bought by
Summerville Kristina D

Purchase Details

Closed on
Jun 28, 2006
Sold by
Sanchez Richard
Bought by
Sanchez Theresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,000
Interest Rate
6.5%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 29, 1995
Sold by
Jarab Martin J
Bought by
Sanchez Richard and Sanchez Theresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
8.36%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Yk Wellnitz Living Trust $203,375 None Listed On Document
Yk Wellnitz Living Trust $1,658,200 Magnus Title Agency
Elliot Barkan Development Llc $630,000 Magnus Title
Dwell Investments Llc $490,000 Magnus Title Agency Llc
Ib2k Llc $425,000 West Title Agency
Summerville Kristina D -- None Available
Sanchez Theresa M -- Land Title Agency Of Az Inc
Sanchez Richard $115,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yk Wellnitz Living Trust $850,000
Previous Owner Elliot Barkan Development Llc $1,222,592
Previous Owner Elliot Barkan Development Llc $630,650
Previous Owner Dwell Investments Llc $303,500
Previous Owner Dwell Investments Llc $792,000
Previous Owner Dwell Investments Llc $752,000
Previous Owner Ib2k Llc $679,400
Previous Owner Sanchez Theresa M $253,000
Previous Owner Sanchez Richard $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2022 01/06/22 Sold $640,000 -7.2% --
12/22/2021 12/22/21 Pending -- -- --
12/02/2021 12/02/21 Price Changed $690,000 -4.8% --
10/25/2021 10/25/21 For Sale $725,000 0.0% --
10/13/2021 10/13/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $725,000 -- --
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 $5,377 $76,046 -- --
2024 $2,036 $72,425 -- --
2023 $2,036 $55,545 $55,545 $0
2022 $1,953 $41,520 $41,520 $0
2021 $2,542 $44,260 $8,850 $35,410
2020 $2,182 $39,730 $7,940 $31,790
2019 $2,108 $38,780 $7,750 $31,030
2018 $2,041 $39,110 $7,820 $31,290
2017 $1,937 $34,100 $6,820 $27,280
2016 $1,884 $32,420 $6,480 $25,940
2015 $1,732 $31,110 $6,220 $24,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6270682

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-08-010