NOT LISTED FOR SALE

3944 N Marshall Way Scottsdale, AZ 85251

Old Town Scottsdale Neighborhood

Estimated Value: $3,079,293

-- Bed
-- Bath
7,689 Sq Ft
$400/Sq Ft Est. Value

Last Sold July 28, 2017

Last sale price $1,650,000 $215 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $17,899/month

75 Days on Market

Highlights

  • 0.29 Acre Lot
  • Skylights
  • Ceramic Tile Flooring
  • Community Kitchen
  • Display Windows
  • Heating Available

About This Home

As of July 2017

This is one of the finest locations in all of Scottsdale - Corner Lot!!!. High end, dramatic remodeled building for sale. Torrance steel windows, very high ceilings, 3 huge skylights. Corner building on a huge lot with courtyard. Several offices downstairs, 1 office upstairs with bathroom and shower. 3 bathrooms downstairs. Although in downtown, there is public parking just south of the site.

Last Agent to Sell the Property

Tom Snyder

Interwest Real Estate LLC License #BR012792000 Listed on: 05/17/2017

Interwest Real Estate LLC

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $18,786

Year Built

  • Built in 1953

Lot Details

  • 0.29 Acre Lot
  • Block Wall Fence
  • Property is zoned C2

Parking

  • Public Parking

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • 7,689 Sq Ft Home
  • Skylights
  • Display Windows

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Heating Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 130-12-050-A

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Showroom
  • Reception Area

Additional Features

  • West Scottsdale Subdivision
  • Operating Expense $36,561

Property Details

Property Type

Other

Est. Annual Taxes

$18,786

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: 1st Ave & Marshall Way
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: C2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2016
  • Directions: From Scottsdale Road, go west on Indian School, south on Marshall Way to property on the SW corner of Marshall Way and 1st Avenue
  • Lot Size Acres: 0.29
  • Road Surface Type: Asphalt
  • Subdivision Name: WEST SCOTTSDALE
  • Structure Type: Other (See Remarks), Commercial, Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 7689.0

Exterior Features

  • Fencing: Block
  • Disclosures: Other (See Remarks)
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Public Parking
  • Attached Garage: No
  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Office A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Reception Room, Showroom, Kitchen, Raised Floor, Showers - Office, Skylight(s), Display Window(s)
  • 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:Showroom: Yes
  • Amenities:Display Window(s): Yes
  • Amenities:Skylight(s)2: Yes

Fee Information

  • Trash Expense: 787.5
  • Annual Water Sewer Expense: 787.5

Lot Info

  • Lot Size Sq Ft: 12800.0
  • Parcel #: 130-12-050-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 16200.0
  • Annual Operating Expense: 36561.0

Tax Info

  • Tax Annual Amount: 18786.0
  • Tax Book Number: 130.00
  • Tax Lot: 1
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2017
Closed on
Jul 28, 2017
Sold by
Kt 777 L L C
Bought by
Kt Marshall Way Llc
Seller's Agent
Tom Snyder
Interwest Real Estate LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$2,000,000
Sold Price
$1,650,000
Premium/Discount to List
-$350,000
-17.5%
Total Days on Market
75
Current Estimated Value
$3,079,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,429,293
Avg. Annual Appreciation
8.25%

Purchase Details

Listed on
May 17, 2017
Closed on
Jul 27, 2017
Sold by
Arts District Loft Llc
Bought by
Kt 777 L L C
Seller's Agent
Tom Snyder
Interwest Real Estate LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$2,000,000
Sold Price
$1,650,000
Premium/Discount to List
-$350,000
-17.5%

Purchase Details

Listed on
Sep 18, 2015
Closed on
Apr 7, 2016
Sold by
James W Harris Incorporated
Bought by
Arts District Loft Llc
Seller's Agent
Chris Illgen
Jason Mitchell Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$3,050,000
Sold Price
$2,800,000
Premium/Discount to List
-$250,000
-8.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-33.22%

Purchase Details

Closed on
Aug 28, 2001
Sold by
Zaplin Mark and Schenck Sharon
Bought by
James W Harris Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,500
Interest Rate
7.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 28, 1995
Sold by
Ten Thirty One Exchange Corp
Bought by
Zaplin Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.42%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kt Marshall Way Llc -- Pioneer Title Agency Inc
Kt 777 L L C $1,650,000 Pioneer Title Agency Inc
Arts District Loft Llc $2,800,000 Fidelity Natl Title Agency
James W Harris Inc $950,000 Capital Title Agency
Zaplin Mark $950,000 Capital Title Agency
Zaplin Mark $400,000 Lawyers Title Of Arizona Inc
Ten Thirty One Exchange Corp $400,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kt Marshall Way Llc $1,525,000
Previous Owner James W Harris Inc $1,837,500
Previous Owner James W Harris Inc $12,500
Previous Owner Ten Thirty One Exchange Corp $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2017 07/28/17 Sold $1,650,000 -17.5% $215 / Sq Ft
05/11/2017 05/11/17 For Sale $2,000,000 -28.6% $260 / Sq Ft
04/07/2016 04/07/16 Sold $2,800,000 -8.2% $364 / Sq Ft
03/15/2016 03/15/16 Pending -- -- --
09/17/2015 09/17/15 For Sale $3,050,000 -- $397 / 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 $18,680 $267,717 -- --
2024 $19,023 $262,936 -- --
2023 $19,023 $279,939 $156,791 $123,148
2022 $18,579 $252,946 $136,028 $116,918
2021 $20,925 $259,632 $139,914 $119,718
2020 $20,742 $243,198 $121,608 $121,590
2019 $20,240 $234,216 $115,812 $118,404
2018 $20,003 $228,528 $110,916 $117,612
2017 $19,158 $239,544 $110,916 $128,628
2016 $18,786 $219,042 $100,224 $118,818
2015 $18,378 $214,600 $105,598 $109,002
Source: Public Records

Agents Affiliated with this Home

  • Tom Snyder

    Seller's Agent in 2017

    Tom Snyder

    Interwest Real Estate LLC

    (602) 295-7808

    5 Total Sales

    Tom Snyder
    Section Image

  • N

    Buyer's Agent in 2017

    Non-MLS Agent

    Non-MLS Office

  • C

    Seller's Agent in 2016

    Chris Illgen

    Jason Mitchell Real Estate

    (602) 430-6769

    41 Total Sales

    Chris Illgen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5606571

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-12-050A

Arizona Maricopa County Scottsdale 85251 Old Town Scottsdale

3944 N Marshall Way, Scottsdale, AZ

This home is located at 3944 N Marshall Way, Scottsdale, AZ 85251 since 17 May 2017 and is currently estimated at $3,079,293, approximately $400 per square foot. This property was built in 1953. 3944 N Marshall Way is a home located in Maricopa County with nearby schools including Tonalea Middle School, Coronado High School, and Hirsch Academy A Challenge Foundation.

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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