NOT LISTED FOR SALE

Estimated Value: $473,269

-- Bed
-- Bath
2,179 Sq Ft
$217/Sq Ft Est. Value

Last Sold December 22, 2022

Last sale price $415,000 $190 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,749/month

131 Days on Market

About This Home

As of December 2022

This is a vacant commercial building with a monument sign on the north side of Hatcher Rd. in Central Phoenix. Construction is slump block with a concrete roof. A roll-up door on the west side of the building exits onto 5th Avenue. The trade area is improving with this property having potential for retail and office related uses. HVAC and a restroom remodel will need to be added to the building in addition to carpet and paint.

Last Agent to Sell the Property

Thomas Keck

West USA Realty License #SA507106000 Listed on: 07/23/2022

West USA Realty

Last Buyer's Agent

Thomas Keck

West USA Realty License #SA507106000 Listed on: 07/23/2022

West USA Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,105

Year Built

  • Built in 1973

Lot Details

  • 6,870 Sq Ft Lot
  • Property is zoned C-2

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 2,179 Sq Ft Home
  • Concrete Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Community Details

  • North Central Heights B Blks 14 21 & Tr E Subdivision
  • Operating Expense $3,105

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 159-52-087

Property Details

Property Type

Other

Est. Annual Taxes

$3,105

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Dunlap and 7th Ave
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Year Built: 1973
  • Tax Year: 2021
  • Directions: North on 7th Avenue to Hatcher, east to the property,
  • Lot Size Acres: 0.16
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTH CENTRAL HEIGHTS B BLKS 14-21 & TR E
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: 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:Private Parking: Yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 6870.0
  • Additional Parcels: No
  • Parcel #: 159-52-087
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 3105.0

Tax Info

  • Tax Annual Amount: 3105.0
  • Tax Book Number: 159.00
  • Tax Lot: 12
  • Tax Map Number: 52.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2024
Sold by
Paradigm Shift Design Llc
Bought by
Adaptive Development Llc
Current Estimated Value
$473,269

Purchase Details

Listed on
Jul 23, 2022
Closed on
Dec 16, 2022
Sold by
Lone Mountain Commercial Development Llc
Bought by
Paradigm Shift Design Llc
Seller's Agent
Thomas Keck
West USA Realty
Buyer's Agent
Thomas Keck
West USA Realty
List Price
$485,000
Sold Price
$415,000
Premium/Discount to List
-$70,000
-14.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.86%
Original Mortgage
$265,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2021
Closed on
Aug 24, 2021
Sold by
Guevara Ricardo Paul and Guevara Catherine Ann
Bought by
Lone Mountain Commercial Development Llc
Seller's Agent
Peter Shambreskis
DPR Realty LLC
Buyer's Agent
Thomas Keck
West USA Realty
List Price
$399,000
Sold Price
$375,000
Premium/Discount to List
-$24,000
-6.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Original Mortgage
$337,500
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 12, 2017
Sold by
Guevara Ricardo P and Guevara Catherine A
Bought by
Guevara Ricardo Paul and Guevara Catherine Anne

Purchase Details

Closed on
Apr 21, 1994
Sold by
Bank Of America Natl Trust & Svgs Assn
Bought by
Guevara Ricardo P and Guevara Catherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,600
Interest Rate
7.84%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Adaptive Development Llc -- None Listed On Document
Paradigm Shift Design Llc $415,000 Stewart Title & Trust Of Phoen
Lone Mountain Commercial Development Llc $375,000 Chicago Title Agency
Guevara Ricardo Paul -- None Available
Guevara Ricardo P $61,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paradigm Shift Design Llc $265,000
Previous Owner Lone Mountain Commercial Development Llc $337,500
Previous Owner Guevara Ricardo P $36,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2022 12/22/22 Sold $415,000 -14.4% $190 / Sq Ft
11/30/2022 11/30/22 Pending -- -- --
11/14/2022 11/14/22 For Sale $485,000 0.0% $223 / Sq Ft
11/03/2022 11/03/22 Pending -- -- --
09/29/2022 09/29/22 For Sale $485,000 0.0% $223 / Sq Ft
09/09/2022 09/09/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $485,000 0.0% $223 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
07/22/2022 07/22/22 For Sale $485,000 +29.3% $223 / Sq Ft
09/10/2021 09/10/21 Sold $375,000 -6.0% $172 / Sq Ft
03/24/2021 03/24/21 For Sale $399,000 -- $183 / 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 $2,862 $22,689 -- --
2024 $2,895 $22,284 -- --
2023 $2,895 $24,225 $10,999 $13,226
2022 $2,883 $21,438 $9,275 $12,163
2021 $3,105 $21,708 $9,540 $12,168
2020 $3,081 $22,770 $10,728 $12,042
2019 $3,025 $21,114 $9,666 $11,448
2018 $2,946 $20,376 $8,982 $11,394
2017 $2,931 $19,710 $8,640 $11,070
2016 $2,877 $18,738 $8,514 $10,224
2015 $2,739 $16,947 $8,307 $8,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6438724

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-52-087