NOT LISTED FOR SALE

Estimated Value: $1,193,592

-- Bed
-- Bath
6,850 Sq Ft
$174/Sq Ft Est. Value

Last Sold August 21, 2017

Last sale price $615,000 $90 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $7,039/month

47 Days on Market

Highlights

  • Gated Community
  • 0.88 Acre Lot
  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Community Kitchen
  • Central Air

About This Home

As of August 2017

A-1 light industrial property with 2 buildings on a large fenced-in 38369 sf lot. 1 building is a 5400 sf pre-fabricated building divided into office spaces. This building also has a drive up bay to the warehouse part of the building (currently offices but can be changed back to warehouse space).
The other building is 1450 sf warehouse with four overhead garage-type doors with refrigerated cooling. The property has high security fencing with a badge reader controlled access gate.

Last Agent to Sell the Property

Dave Dix

1912 Realty License #BR100420000 Listed on: 08/03/2017

Last Buyer's Agent

Abe Diaz

HomeSmart License #SA579127000

HomeSmart

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,496

Year Built

  • Built in 1975

Lot Details

  • 0.88 Acre Lot
  • Security Fence
  • Wire Fence
  • Property is zoned A-!

Home Design

  • 6,850 Sq Ft Home
  • Metal Roof
  • Metal Siding

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 20 Open Parking Spaces
  • 30 Parking Spaces
  • 10 Covered Spaces
  • Private Parking
  • Paved Parking
  • Fenced Parking

Utilities

  • Central Air
  • Heating Available
  • 220 Volts

Listing and Financial Details

  • Tax Lot 50
  • Assessor Parcel Number 107-33-021-J

Community Details

Overview

  • 2 Buildings
  • Payne Industrial Dist. Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Additional Features

  • Operating Expense $7,496
  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$7,496

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Cross Street: 35th Ave and Indian School
  • Legal Info Range: 2E
  • Property Type: Comm/Industry Sale
  • Zoning: A-!
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1975
  • Tax Year: 2015
  • Lot Size Acres: 0.88
  • Subdivision Name: PAYNE INDUSTRIAL DIST.
  • Structure Type: Industrial, Office, Distribution/Warehse
  • Tax Parcel Letter: J
  • Electric 220: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Living Area: 6850.0

Exterior Features

  • Fencing: See Remarks, Security, Wire
  • Disclosures: None
  • Construction Type: Metal Siding
  • Roof: Metal
  • Construction:Metal: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Paved, Private, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 30.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking Features Paved Parking: Yes
  • Parking Features Private Parking: Yes
  • Parking Features Fenced: Yes

Utilities

  • Electric: 220 Volts, SRP
  • Cooling: Central Air, Warehouse A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Reception Room, Kitchen, Showers - Office, Security Gate
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Showers - Office: Yes
  • Amenities:Security Gate: Yes

Lot Info

  • Lot Size Sq Ft: 38369.0
  • Parcel #: 107-33-021-J
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 7496.0

Tax Info

  • Tax Annual Amount: 7496.0
  • Tax Book Number: 107.00
  • Tax Lot: 50
  • Tax Map Number: 33.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2017
Sold by
Shybaru Llc
Bought by
Magic Motor Sports Llc
Current Estimated Value
$1,193,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,700
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 18, 2012
Sold by
Scott Brian K and Scott Linda Marie
Bought by
Shybaru Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 28, 2004
Sold by
Cows 96 Llc
Bought by
Scott Brian K and Scott Linda Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,500
Interest Rate
5.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 4, 1996
Sold by
Mead William
Bought by
Bottomline Investments Ltd
Source: Public Records

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
Magic Motor Sports Llc $615,000 First Arizona Title Agency L
Shybaru Llc -- Pioneer Title Agency Inc
Scott Brian K $415,000 Lawyers Title Ins
Bottomline Investments Ltd $200,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magic Motor Sports Llc $522,700
Previous Owner Shybaru Llc $260,000
Previous Owner Scott Brian K $290,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2017 08/21/17 Sold $615,000 -10.2% $90 / Sq Ft
08/02/2017 08/02/17 For Sale $685,000 0.0% $100 / Sq Ft
08/02/2017 08/02/17 Price Changed $685,000 0.0% $100 / Sq Ft
05/15/2017 05/15/17 Pending -- -- --
03/29/2017 03/29/17 For Sale $685,000 -- $100 / 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 $8,532 $57,598 -- --
2024 $8,833 $56,569 -- --
2023 $8,833 $103,802 $41,548 $62,254
2022 $8,953 $81,603 $32,830 $48,773
2021 $9,295 $84,816 $33,768 $51,048
2020 $8,936 $80,388 $30,960 $49,428
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5582174

Arizona Regional Multiple Listing Service (ARMLS)

APN: 107-33-021L