NOT LISTED FOR SALE

3738 E Thomas Rd Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $1,038,317

Studio
-- Bath
3,703 Sq Ft
$280/Sq Ft Est. Value

Sale Details

Date Sold: July 14, 2021

Last sale price $820,000 $221 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,452 / mo

469 Days on Market

Highlights

  • 0.36 Acre Lot
  • Central Air
  • Partially Fenced Property
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of July 2021

PRICE CHANGE for real estate only. Owner now willing to sell the building and land contingent on buyer leasing back to owner/business owner on agreeable terms. This will be an 8.23 cap off NNN rent and $125 monthly billboard income. Owner has operated this successful bar/restaurant for many years. On a corner with traffic light on highly traversed E. Thomas Rd. Across the street from a very busy Walmart and Home Depot. In last 10 years there has been SIGNIFICANT equipment, building component replacements. Great price and a ready made successful tenant on a hard corner across from MAJOR retail with great traffic counts! It doesn't get better than this!

Last Agent to Sell the Property

Tom Henschen

Tom Henschen And Assoc., Inc License #BR017623000 Listed on: 12/20/2019

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,217

Year Built

  • Built in 1969

Lot Details

  • 15,617 Sq Ft Lot
  • Partially Fenced Property
  • Chain Link Fence
  • Property is zoned C-2

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • 3,703 Sq Ft Home
  • Concrete Flooring

Parking

  • 25 Open Parking Spaces
  • 25 Parking Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Citrus Acres Lots 21 60 Subdivision

Listing and Financial Details

  • Tax Lot 80
  • Assessor Parcel Number 127-22-062

Property Details

Property Type

Other

Est. Annual Taxes

$11,217

Year Built

Built in 1969

Lot Details

0.36 Acres

Listing Details

  • Cross Street: 38th St. and E. Thomas Rd.
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1969
  • Tax Year: 2020
  • Lot Size Acres: 0.36
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: Citrus Acres Lots 21-60
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 3703.0

Exterior Features

  • Fencing: Chain Link, Partial
  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Frame - Wood, Stucco
  • Roof: Composition, Built-Up, Foam
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 25.0
  • Total Parking Spaces: 25.0
  • General Property Description:Uncvrd Parking Spcs: 25.0
  • General Property Description:Total Parking Spcs: 25.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Office Evap
  • Heating: Natural Gas
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Size Sq Ft: 15617.0
  • Parcel #: 127-22-062
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 11217.0
  • Tax Book Number: 127.00
  • Tax Lot: 80
  • Tax Map Number: 22.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2019
Closed on
Jul 1, 2021
Sold by
Pounds Daniel H
Bought by
3738 Rfgt Thomas Llc
Seller's Agent
Tom Henschen
Tom Henschen And Assoc., Inc
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,700,000
Sold Price
$820,000
Premium/Discount to List
-$880,000
-51.76%
Current Estimated Value
$1,038,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,317
Avg. Annual Appreciation
5.01%
Original Mortgage
$533,000
Outstanding Balance
$337,663
Interest Rate
4.2%
Mortgage Type
Commercial
Estimated Equity
$700,654

Purchase Details

Closed on
Nov 20, 2012
Sold by
Clark James C
Bought by
Pounds Daniel H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 1999
Sold by
Ash Jean M and Ash Michael J
Bought by
Ash Michael J and Ash Family Trust

Purchase Details

Closed on
Feb 17, 1994
Sold by
Pruitt Terry L
Bought by
Ash Michael J and Ash Jean M
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
3738 Rfgt Thomas Llc $820,000 Chicago Title Agency
Pounds Daniel H -- None Available
Ash Michael J -- --
Ash Michael J $200,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 3738 Rfgt Thomas Llc $533,000
Previous Owner Pounds Daniel H $45,000
Previous Owner Pounds Daniel H $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2021 07/14/21 Sold $820,000 0.0% $221 / Sq Ft
04/01/2021 04/01/21 Pending -- -- --
02/11/2021 02/11/21 Price Changed $820,000 +3.1% $221 / Sq Ft
02/11/2021 02/11/21 Price Changed $795,000 -47.9% $215 / Sq Ft
05/25/2020 05/25/20 Price Changed $1,525,000 -4.7% $412 / Sq Ft
02/18/2020 02/18/20 Price Changed $1,600,000 -5.9% $432 / Sq Ft
12/19/2019 12/19/19 For Sale $1,700,000 -- $459 / 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 $10,915 $80,810 -- --
2024 $11,033 $79,367 -- --
2023 $11,033 $103,785 $75,888 $27,897
2022 $10,912 $97,668 $72,398 $25,270
2021 $11,498 $99,864 $74,466 $25,398
2020 $11,217 $88,740 $63,612 $25,128
2019 $11,138 $84,510 $60,588 $23,922
2018 $10,910 $77,598 $54,360 $23,238
2017 $10,488 $74,034 $49,194 $24,840
2016 $10,082 $66,384 $43,956 $22,428
2015 $9,640 $59,293 $38,961 $20,332
Source: Public Records

Agents Affiliated with this Home

  • Tom Henschen

    Seller's Agent in 2021

    Tom Henschen

    Tom Henschen And Assoc., Inc

    (602) 840-8484

    5 in this area

    74 Total Sales

    Tom Henschen
    Section Image

  • N

    Buyer's Agent in 2021

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6016390

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-22-062

Arizona Maricopa County Phoenix 85008 Camelback East Village

3738 E Thomas Rd, Phoenix, AZ

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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