NOT LISTED FOR SALE

4040 E University Dr Phoenix, AZ 85034

South Mountain Neighborhood
-- Bed
-- Bath
1 Sq Ft
0.36 Acres

Last Sold June 25, 2020

Last sale price $2,200 $2,200 Per Sq Ft

26 Days on Market

About This Home

As of June 2020

This is a NNN lease for 2 asphalted lots, fenced and gated. Zoning is A-2 Industrial.

Last Agent to Sell the Property

Bryan Watkins

LRA Real Estate Group, LLC License #BR545459000 Listed on: 05/31/2020

Last Buyer's Agent

Bryan Watkins

LRA Real Estate Group, LLC License #BR545459000 Listed on: 05/31/2020

Property Details

Property Type

  • Other

Year Built

  • Built in 1980

Lot Details

  • 0.36 Acre Lot
  • Additional Parcels
  • Property is zoned A-2

Parking

  • 50 Open Parking Spaces
  • 52 Parking Spaces
  • 2 Covered Spaces

Utilities

  • No Heating

Community Details

  • Building Dimensions are 120 x 128
  • Okemah Haven Replat Subdivision

Listing and Financial Details

  • Property Available on 5/31/20
  • Tax Lot 55
  • Assessor Parcel Number 124-47-030

Property Details

Property Type

Other

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: 40th Street
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Lease
  • Zoning: A-2
  • Current Use: Automobile
  • Lease Info Annual Lease Price: 28800.0
  • Lease Info Annual Lse Prc P S F: 1.85
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 2-5
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 0
  • Year Built: 1980
  • Tax Year: 2019
  • Directions: E on University to 3 property on left/North of street
  • Lot Size Acres: 0.36
  • Subdivision Name: OKEMAH HAVEN REPLAT
  • Structure Type: Commercial, Industrial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Disclosures: None
  • Construction Type: Other, See Remarks
  • Roof: Other, See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 50.0
  • Total Parking Spaces: 52.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 50.0
  • General Property Description:Total Parking Spcs: 52.0
  • Parking:Paved Parking: Yes
  • Parking:Fenced: Yes
  • Tenant Pays:Parking Area Maint: Yes

Utilities

  • Electric: None
  • Cooling: None
  • Heating: None
  • Water Source: None
  • Heating:None29: Yes

Lot Info

  • Lot Size: 120 x 128
  • Lot Size Sq Ft: 15538.0
  • Additional Parcels: Yes
  • Parcel #: 124-47-030
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2020-05-31

Multi Family

  • Leasable Area: 15538.0

Tax Info

  • Tax Annual Amount: 3843.0
  • Tax Book Number: 124.00
  • Tax Lot: 55
  • Tax Map Number: 47.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2020 06/25/20 Sold $2,200 -8.3% $2,200 / Sq Ft
05/30/2020 05/30/20 For Sale $2,400 -- $2,400 / 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 $2,351 $20,254 -- --
2024 $2,322 $19,892 -- --
2023 $2,322 $24,888 $20,196 $4,692
2022 $2,301 $22,523 $18,148 $4,375
2021 $2,389 $23,094 $18,666 $4,428
2020 $2,314 $20,088 $15,642 $4,446
2019 $2,271 $19,494 $15,174 $4,320
2018 $2,214 $16,326 $11,898 $4,428
2017 $2,141 $15,822 $11,016 $4,806
2016 $2,123 $14,688 $10,188 $4,500
2015 $2,078 $14,874 $10,619 $4,255
Source: Public Records

Agents Affiliated with this Home

  • Bryan Watkins

    Seller's Agent in 2020

    Bryan Watkins

    LRA Real Estate Group, LLC

    (480) 734-7878

    42 Total Sales

    Bryan Watkins
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6084846

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-47-030

Arizona Maricopa County Phoenix 85034 South Mountain

4040 E University Dr, Phoenix, AZ

This home is located at 4040 E University Dr, Phoenix, AZ 85034 since 31 May 2020. This property was built in 1980. 4040 E University Dr is a home located in Maricopa County with nearby schools including Geneva Epps Mosley Middle School, Tempe High School, and Phoenix International 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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