NOT LISTED FOR SALE

Estimated Value: $957,000 - $1,632,649

27.23 Acres
$46,297 Price per Acre
1,186,139 Sq Ft Lot

Last Sold May 23, 2021

Last sale price $3,250,000

Current estimated payment $7,041/month

496 Days on Market

About This Lot

As of May 2021

-Ideal owner/user industrial site-
-Rectangular site dimensions for functional building design-
-Litchfield Road frontage-
-Abundant labor force-
-The southwest Phoenix distribution submarket is the largest distribution and manufacturing submarket in Phoenix-
-3 miles south of Interstate 10-
-Easy access to Southern California via I-10 or I-8
-Foreign Trade Zone Incentives-
-Seller will remove residential structure on the property upon closing-
Please contact listing broker for the marketing flyer.

Last Agent to Sell the Property

Scott Truitt

Western Land Company, L.L.C. License #BR515918000 Listed on: 06/03/2019

Last Buyer's Agent

Scott Truitt

Western Land Company, L.L.C. License #BR515918000 Listed on: 06/03/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,522

Lot Details

  • 27.23 Acre Lot
  • Additional Parcels
  • Property is zoned AG, MH

Additional Homes

  • Residence on Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 500-59-011-C

Property Details

Property Type

Land

Est. Annual Taxes

$8,522

Lot Details

0

Listing Details

  • Cross Street: Litchfield Road & Broadway Road
  • Legal Info Range: 1W
  • Property Type: Land
  • Zoning: AG, MH
  • Tax Year: 2018
  • Lot Size Acres: 27.23
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

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

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: IRR
  • Lot Size Sq Ft: 1186138.8
  • Additional Parcels: Yes
  • Parcel #: 500-59-011-C
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8521.7
  • Tax Book Number: 500.00
  • Tax Lot: -
  • Tax Map Number: 59.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2024
Sold by
Galaxy Ii Land Llc
Bought by
Stack Avd Holdings Ii Llc
Current Estimated Value
$1,260,662

Purchase Details

Listed on
Jun 3, 2019
Closed on
Jun 30, 2021
Sold by
Thiem John Daniel and Thiem Kristen Alexandra
Bought by
Galaxy Ii Land Llc
Seller's Agent
Scott Truitt
Western Land Company, L.L.C.
Buyer's Agent
Scott Truitt
Western Land Company, L.L.C.
List Price
$4,743,872
Sold Price
$3,250,000
Premium/Discount to List
-$1,493,872
-31.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-19.25%
Original Mortgage
$1,950,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 2015
Sold by
Lageschulte Jay E and Lageschulte Eva L
Bought by
Thiem John Daniel and Thiem Kristen Alexandra

Purchase Details

Closed on
Jan 14, 2003
Sold by
Lageschulte Ross H and Lageschulte June G
Bought by
Lageschulte Ross H and Lageschulte June G
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
Stack Avd Holdings Ii Llc $15,487,695 None Listed On Document
Galaxy Ii Land Llc $3,301,230 Grand Canyon Title Agency
Thiem John Daniel $460,000 Chicago Title Agency Inc
Lageschulte Ross H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galaxy Ii Land Llc $1,950,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2021 05/23/21 Sold $3,250,000 -20.6% --
09/23/2020 09/23/20 Pending -- -- --
08/17/2020 08/17/20 Price Changed $4,092,179 -5.3% --
08/08/2019 08/08/19 Price Changed $4,320,608 -8.9% --
05/16/2019 05/16/19 For Sale $4,743,872 -- --
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 $5,319 $47,271 -- --
2024 $4,898 $45,020 -- --
2023 $4,898 $67,780 $13,550 $54,230
2022 $4,719 $60,970 $12,190 $48,780
2021 $4,979 $50,780 $10,150 $40,630
2020 $4,824 $46,350 $9,270 $37,080
2019 $4,795 $43,910 $8,780 $35,130
2018 $2,417 $23,960 $18,550 $5,410
2017 $2,358 $21,800 $17,550 $4,250
2016 $2,404 $28,580 $24,190 $4,390
2015 $2,236 $14,570 $10,250 $4,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5934576

Arizona Regional Multiple Listing Service (ARMLS)

APN: 500-59-011C