NOT LISTED FOR SALE

3846 E Illini St Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $2,793,986

-- Bed
-- Bath
13,200 Sq Ft
$212/Sq Ft Est. Value

Last Sold September 06, 2023

Last sale price $2,800,000 $212 Per Sq Ft

Current estimated payment $16,007/month

98 Days on Market

Highlights

  • 0.42 Acre Lot
  • Community Kitchen
  • Central Air
  • Phoenix Coding Academy Rated A
  • Stone Flooring

About This Home

As of September 2023

Investment-Owner Multi Use freestanding Industrial Cold Storage Building located Southeast of the Sky Harbor Airport. The property consists of a 13,200 SF (Per County Assessor Records) fully airconditioned, building on ±0.42 Acres (±18,159 SF) Including approximate 3,500 SF of office and loft space, approximately 1500 SF walk-in cooler with ability to stack two pallets high. Centrally located with East /West freeway access. 19 feet clear span, new roof and HVAC system in 2018, two truck wells 12X16, three 16-foot industrial roll up doors, recently upgraded 600 amp service, powered metal security shutters ground level office. ADOT currently working on new collector-distribution road system placing this property right on the Interstate.

Last Agent to Sell the Property

Darrell LaMoure

Century 21 Toma Partners License #SA676832000 Listed on: 02/28/2023

Century 21 Toma Partners

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $16,480

Year Built

  • Built in 1990

Lot Details

  • 0.42 Acre Lot
  • Property is zoned A-1

Home Design

  • 13,200 Sq Ft Home
  • Metal Roof
  • Block Exterior

Flooring

  • Carpet
  • Stone
  • Concrete
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Public Parking
  • Paved Parking

Utilities

  • Central Air
  • Multiple Heating Units
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 122-08-043-A

Community Details

Overview

  • Building Dimensions are 18,159
  • Wesley Place Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Showroom

Building Details

  • Operating Expense $16,480

Property Details

Property Type

Other

Est. Annual Taxes

$16,480

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Cross Street: Illini Street & 39th Street
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: A-1
  • Bay Info Bay Door Height: 16.0
  • Number Of Buildings: 1
  • Year Built: 1990
  • Tax Year: 2022
  • Directions: Either direction on I-10 turn North on 40th St off ramp to first light Raymond. Then West and Follow around (South) to Illini St property at the NWC 39th & Illini St
  • Lot Size Acres: 0.42
  • Road Surface Type: Asphalt
  • Subdivision Name: WESLEY PLACE
  • Structure Type: Commercial, Industrial, Distribution/Warehse
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Stone, Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Block
  • Roof: Metal
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Public Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: Over 220 Amp, SRP
  • Cooling: Warehouse A/C, Central A/C
  • Heating: Heat Pump, 2 or More Units
  • Green Building Features: Conference Room, Showroom, Kitchen, Showers - Office
  • Water Source: City Franchise
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes
  • Heating:Office Heated: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Showers - Office: Yes
  • Amenities:Showroom: Yes

Lot Info

  • Lot Size: 18,159
  • Lot Size Sq Ft: 18159.0
  • Parcel #: 122-08-043-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 16480.0

Tax Info

  • Tax Annual Amount: 16480.0
  • Tax Book Number: 122.00
  • Tax Lot: 11
  • Tax Map Number: 8.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2023
Closed on
Sep 6, 2023
Sold by
Hobbs Investment Properties Llc
Bought by
Maui Holdings Llc
Seller's Agent
Darrell LaMoure
Century 21 Toma Partners
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$3,400,000
Sold Price
$2,800,000
Premium/Discount to List
-$600,000
-17.65%
Views
7
Current Estimated Value
$2,793,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,014
Avg. Annual Appreciation
1.14%
Original Mortgage
$2,538,000
Outstanding Balance
$1,922,153
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$945,655

Purchase Details

Closed on
Nov 14, 2022
Sold by
Hobbs James N and Hobbs Sheryl A
Bought by
Hobbs Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$679,771
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2018
Sold by
Hobbs Investment Properties Llc
Bought by
Hobbs James N and Hobbs Sheryl A

Purchase Details

Closed on
Feb 10, 2005
Sold by
Jones Robert R and Cole Candyce L
Bought by
Hobbs Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$909,000
Interest Rate
5.73%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Maui Holdings Llc $2,800,000 Commonwealth Land Title
Hobbs Investment Properties Llc -- --
Hobbs James N -- Empire West Title Agency Llc
Hobbs Investment Properties Llc $996,611 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maui Holdings Llc $2,538,000
Previous Owner Hobbs Investment Properties Llc $679,771
Previous Owner Hobbs Investment Properties Llc $909,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2023 09/06/23 Sold $2,800,000 -3.4% $212 / Sq Ft
06/06/2023 06/06/23 Pending -- -- --
05/03/2023 05/03/23 Price Changed $2,900,000 -14.7% $220 / Sq Ft
02/28/2023 02/28/23 For Sale $3,400,000 -- $258 / 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 $16,245 $107,738 -- --
2024 $16,336 $105,814 -- --
2023 $16,336 $220,303 $36,805 $183,498
2022 $16,480 $168,928 $38,308 $130,620
2021 $17,295 $159,156 $33,012 $126,144
2020 $17,082 $124,578 $33,012 $91,566
2019 $16,529 $108,090 $31,590 $76,500
2018 $16,085 $103,770 $24,750 $79,020
2017 $15,330 $98,982 $22,914 $76,068
2016 $14,581 $97,866 $21,222 $76,644
2015 $14,106 $77,923 $20,221 $57,702
Source: Public Records

Agents Affiliated with this Home

  • Darrell LaMoure

    Seller's Agent in 2023

    Darrell LaMoure

    Century 21 Toma Partners

    (602) 497-7746

    1 in this area

    19 Total Sales

    Darrell LaMoure
    Section Image

  • N

    Buyer's Agent in 2023

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6525618

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-08-043A

Arizona Maricopa County Phoenix 85040 South Mountain

3846 E Illini St, Phoenix, AZ

This home is located at 3846 E Illini St, Phoenix, AZ 85040 since 28 February 2023 and is currently estimated at $2,793,986, approximately $211 per square foot. This property was built in 1990. 3846 E Illini St is a home located in Maricopa County with nearby schools including Percy L Julian School, South Mountain High School, and Phoenix Coding Academy.

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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