NOT LISTED FOR SALE

4020 N 75th Ave Phoenix, AZ 85033

Estimated Value: $962,375

Studio
-- Bath
3,361 Sq Ft
$286/Sq Ft Est. Value

Last Sold May 05, 2023

Last sale price $900,000 $268 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,264/month

302 Days on Market

About This Home

As of May 2023

Commercially zoned property with a high-volume auto transmission repair business! Huge 3000 sq. ft. .block construction building with five lifts, high visibility location, and state-of-the-art equipment. This opportunity offers a turn-key operation for a new operator to acquire the building and ongoing business with all equipment and customer base in place!!

Last Agent to Sell the Property

Paul McComb

Paul McComb Realty License #BR553036000 Listed on: 05/27/2022

Last Buyer's Agent

Ismail Abushanab

American Realty Brokers License #SA699612000

American Realty Brokers

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $16,744

Year Built

  • Built in 2000

Lot Details

  • 0.52 Acre Lot
  • Wire Fence
  • Property is zoned CC, C-2

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Built-Up Roof

Interior Spaces

  • 3,361 Sq Ft Home
  • Concrete Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Listing and Financial Details

  • Assessor Parcel Number 102-62-145-M

Community Details

Overview

  • Maryvale Terrace 28 Lots 11349 11374 & Tr B Subdivision

Building Details

  • Operating Expense $16,744
  • Gross Income $400,000
  • Net Operating Income $300,000

Property Details

Property Type

Other

Est. Annual Taxes

$16,744

Year Built

Built in 2000

Lot Details

0.52 Acres

Listing Details

  • Cross Street: 75th Ave and Indian School
  • Legal Info Range: 1E
  • Property Type: Comm/Industry Sale
  • Zoning: CC, C-2
  • Current Use: Automobile
  • Number Of Buildings: 1
  • Year Built: 2000
  • Tax Year: 2021
  • Lot Size Acres: 0.52
  • Subdivision Name: MARYVALE TERRACE 28 LOTS 11349-11374 & TR B
  • Structure Type: Commercial, Other (See Remarks)
  • Tax Parcel Letter: M
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Chain Link, Wire
  • Construction Type: Frame - Wood, Brick, Other, See Remarks
  • Roof: Built-Up, Other, See Remarks
  • Construction:Other (See Remarks)23: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Fenced: Yes

Utilities

  • Electric: APS
  • Cooling: See Remarks
  • Heating: See Remarks
  • Water Source: City Franchise
  • Heating:See Remarks3: Yes

Association/Amenities

  • Amenities:Other (See Remarks)32: Yes

Lot Info

  • Lot Size Sq Ft: 22755.0
  • Additional Parcels: No
  • Parcel #: 102-62-145-M
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 400000.0
  • Property Net Operating Income: 300000.0
  • Annual Operating Expense: 16744.0

Tax Info

  • Tax Annual Amount: 16744.0
  • Tax Book Number: 102.00
  • Tax Lot: 0
  • Tax Map Number: 62.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
May 5, 2023
Sold by
Lizama Jose C
Bought by
75 Indian School Llc
Seller's Agent
Paul McComb
Paul McComb Realty
Buyer's Agent
Ismail Abushanab
American Realty Brokers
List Price
$2,100,000
Sold Price
$900,000
Premium/Discount to List
-$1,200,000
-57.14%
Views
5
Current Estimated Value
$962,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,375
Avg. Annual Appreciation
2.36%

Purchase Details

Closed on
Jun 12, 2014
Sold by
Urban William L
Bought by
Lizama Jose C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
4.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 29, 2011
Sold by
Urban William L
Bought by
Urban William I and William L Urban Kellogg Trust

Purchase Details

Closed on
Aug 2, 2005
Sold by
Urban William
Bought by
Urban William and The Urban Family Trust

Purchase Details

Closed on
Apr 28, 2005
Sold by
Flanagan Stephen Michael
Bought by
Urban William

Purchase Details

Closed on
Jul 22, 2004
Sold by
Patel J P and Patel C
Bought by
Recasens Charles and Recasens Janet E

Purchase Details

Closed on
Aug 31, 2001
Sold by
Flanagan Mary M
Bought by
Mary M Flanagan Trust

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
7.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 2001
Sold by
Patel Dasharath J and Patel Daksha D
Bought by
Patel J P and Patel C

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
7.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 2000
Sold by
Scottsdale Investors
Bought by
Flanagan Mary M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
8.19%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
75 Indian School Llc $900,000 Great American Title Agency
Lizama Jose C $675,000 Pioneer Title Agency Inc
Urban William I -- None Available
Urban William -- --
Urban William $700,000 First American Title Ins Co
Recasens Charles $625,000 Westland Title Agency Of Az
Mary M Flanagan Trust -- --
Patel J P -- Security Title Agency
Flanagan Mary M $535,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lizama Jose C $675,000
Previous Owner Patel J P $300,000
Previous Owner Flanagan Mary M $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2023 05/05/23 Sold $900,000 -24.8% $268 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
03/14/2023 03/14/23 Price Changed $1,197,000 -4.2% $356 / Sq Ft
09/30/2022 09/30/22 Price Changed $1,250,000 -21.8% $372 / Sq Ft
07/15/2022 07/15/22 Price Changed $1,599,000 -13.6% $476 / Sq Ft
06/21/2022 06/21/22 Price Changed $1,850,000 -11.9% $550 / Sq Ft
05/25/2022 05/25/22 For Sale $2,100,000 -- $625 / 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 $15,076 $86,127 -- --
2024 $15,925 $84,589 -- --
2023 $15,925 $105,485 $37,502 $67,983
2022 $15,458 $81,376 $17,273 $64,103
2021 $16,744 $83,178 $17,766 $65,412
2020 $15,868 $90,000 $24,750 $65,250
2019 $15,184 $88,650 $24,966 $63,684
2018 $15,792 $96,120 $33,534 $62,586
2017 $15,272 $96,948 $32,562 $64,386
2016 $14,607 $86,778 $27,954 $58,824
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6407330

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-62-145M

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