NOT LISTED FOR SALE

3434 E Baseline Rd Phoenix, AZ 85042

South Mountain Neighborhood

Estimated Value: $230,000 - $3,839,252

Studio
-- Bath
4,920 Sq Ft
$294/Sq Ft Est. Value

Sale Details

Date Sold: September 14, 2012

Last sale price $1,035,000 $210 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $9,229 / mo

7 Days on Market

Highlights

  • Fitness Center
  • Heated Spa
  • Sauna
  • Phoenix Coding Academy Rated A
  • Clubhouse
  • Cooling Available

About This Home

As of September 2012

USIR Commercial is pleased to announce the exclusive investment opportunity to purchase condominiums in Phoenix, Arizona. The offering consists of 16 condominium units 4 one bed/ one bath, 5 two bed/ two bath and 7 three bed/ two bath units garden style, each with its own assigned covered parking space. The wood and frame and stucco construction was built in 2000, and then renovated in 2007 during the condo conversion performed by a previous developer. The entire property is comprised of 160 condo units, with ample living area, a community pool, club house, fitness center and lush courtyards.

Last Agent to Sell the Property

Joe Dietz

Equilibrium Realty License #BR549120000 Listed on: 08/22/2012

Last Buyer's Agent

Alex Eremija

ProSmart Realty License #SA521690000

ProSmart Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $486

Year Built

  • Built in 1999

Lot Details

  • 6.36

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Parking

  • 16 Open Parking Spaces
  • 926 Parking Spaces
  • 910 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Additional Features

  • Ceiling Fan
  • Heated Spa
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 122
  • Assessor Parcel Number 122-97-265

Community Details

Overview

  • 9 Buildings
  • 16 Units
  • Building Dimensions are Condo plat
  • Raven's View Condominiums Subdivision

Amenities

  • Community Barbecue Grill
  • Sauna
  • Clubhouse

Recreation

  • Fitness Center
  • Heated Community Pool
  • Community Spa

Building Details

  • Net Operating Income $76,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$486

Year Built

Built in 1999

Lot Details

6.36 Acres

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 9
  • Year Built: 1999
  • Tax Year: 2011
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: Raven's View Condominiums
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Compactor2: Yes

Exterior Features

  • Disclosures: ALTA Survey Availbl
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 910.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 926.0
  • General Property Description:Covered Parking Spcs: 910.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 926.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Exercise Room, Clubhouse, Sauna, Heated Spa(s), Spa(s), Heated Pool(s), Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Guard Gate: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes
  • Interior Amenities:Fire Sprinklers2: Yes
  • Community Amenities:Clubhouse: Yes
  • Exterior Amenities:Pet Restrictions: Yes
  • Community Amenities:Heated Spa(s): Yes
  • Community Amenities:Heated Pool(s): Yes

Lot Info

  • Lot Size: Condo plat
  • Additional Parcels: Yes
  • Parcel #: 122-97-265

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 16
  • Property Net Operating Income: 76256.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 486.0
  • Tax Book Number: 122.00
  • Tax Lot: 122

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2009
Sold by
3434 East Baseline Property Lllp
Bought by
Ravens View Development Inc
Current Estimated Value
$1,445,417

Purchase Details

Closed on
Sep 26, 2008
Sold by
Andreae Mislin Janet
Bought by
Smith David Bruce

Purchase Details

Closed on
Nov 27, 2005
Sold by
Professional Property Investments Ltd
Bought by
3434 East Baseline Property Lllp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,750,000
Interest Rate
6.07%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 26, 2004
Sold by
The Raven Apartments Llc
Bought by
Professional Properties Investments Ltd and Professional Property Investments Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,450,000
Interest Rate
5.95%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ravens View Development Inc $1,570,000 First Arizona Title Agency
Smith David Bruce -- First Arizona Title Agency
3434 East Baseline Property Lllp $12,750,000 Fidelity National Title
Professional Properties Investments Ltd $10,650,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 3434 East Baseline Property Lllp $11,750,000
Previous Owner Professional Properties Investments Ltd $7,450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2012 09/14/12 Sold $1,035,000 -3.3% $210 / Sq Ft
08/28/2012 08/28/12 Pending -- -- --
08/21/2012 08/21/12 For Sale $1,070,000 -- $217 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 -- -- -- --
2024 -- $50 $50 --
2023 -- $50 $50 --
2022 $0 $50 $50 $0
2021 $0 $50 $50 $0
2020 $0 $50 $50 $0
2019 $0 $50 $50 $0
2018 $0 $50 $50 $0
2017 $0 $50 $50 $0
2016 $0 $50 $50 $0
2015 -- $50 $50 $0
Source: Public Records

Agents Affiliated with this Home

  • Joe Dietz

    Seller's Agent in 2012

    Joe Dietz

    Equilibrium Realty

    (602) 524-0418

    1 Total Sale

    Joe Dietz
    Section Image
  • Alex Eremija

    Buyer's Agent in 2012

    Alex Eremija

    ProSmart Realty

    (480) 821-4232

    2 in this area

    48 Total Sales

    Alex Eremija
    Section Image

  • A

    Buyer's Agent in 2012

    Aleksandar Eremija

    Infinity & Associates Real Estate

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4807232

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-97-404

Arizona Maricopa County Phoenix 85042 South Mountain

3434 E Baseline Rd, Phoenix, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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