NOT LISTED FOR SALE

417 N 16th St Phoenix, AZ 85006

5 Acres
-- Price per Acre
231,739 Sq Ft Lot

Last Sold December 31, 2021

Last sale price $4,500,000

282 Days on Market

About This Lot

As of December 2021

The Van Buren corridor from 7th St to Interstate 10 is currently a top
priority at the City of Phoenix as a revitalization project (street widening
and beautification, moratorium on car dealerships/automotive repair shops)
to enhance the overall area .
One of the largest vacant land parcels available in the downtown Phoenix
market, with all utilities to the property and all off sites completed.
Site has great access to Interstate 10 via interchanges at 16th St and
Washington St / Jefferson St.
The property is located with in an ''Opportunity Zone'' which offers
investors who reinvest capital gains monies in these areas to receive
reductions on capital gains taxes relative to the years of their investment.

Last Agent to Sell the Property

Jeremy Lovejoy

Insight Land & Investments License #BR541645000 Listed on: 10/13/2020

Last Buyer's Agent

Jeremy Lovejoy

Insight Land & Investments License #BR541645000 Listed on: 10/13/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,515

Lot Details

  • 5.32 Acre Lot
  • Property is zoned WU

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 116-17-157

Property Details

Property Type

Land

Est. Annual Taxes

$16,515

Lot Details

0

Listing Details

  • Cross Street: Just N of the NEC of 16th Street & Van Buren Stree
  • Property Type: Land
  • Zoning: WU
  • Tax Year: 2020
  • Lot Size Acres: 5.32
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Disclosures: None

Utilities

  • Electric: City Electric
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: -
  • Lot Size Sq Ft: 231739.2
  • Additional Parcels: No
  • Parcel #: 116-17-157
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 16515.0
  • Tax Book Number: 116.00
  • Tax Lot: -
  • Tax Map Number: 17.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2020
Sold by
16Th & Polk Llc
Bought by
Reunion Phoenix Re Llc

Purchase Details

Closed on
Oct 23, 2014
Sold by
Goodwill Industries Of Central Arizona I
Bought by
16Th & Polk Llc
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
Reunion Phoenix Re Llc $1,579,485 Fidelity National Title
16Th & Polk Llc -- Fidelity National Title
16Th & Polk Llc $1,425,000 Thomas Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goodwill Industries Of Central Az Inc $0
Previous Owner Goodwill Industries Of Central Az Inc $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2021 12/31/21 Sold $4,500,000 -3.2% --
07/22/2021 07/22/21 Pending -- -- --
10/13/2020 10/13/20 For Sale $4,650,000 -- --
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
2021 $16,515 $142,350 $142,350 $0
2020 -- $190,380 $190,380 $0
2019 -- $128,160 $128,160 $0
2018 -- $108,615 $108,615 $0
2017 -- $136,305 $136,305 $0
2016 -- $123,915 $123,915 $0
2015 -- $495,712 $128,320 $367,392
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Lovejoy

    Seller's Agent in 2021

    Jeremy Lovejoy

    Insight Land & Investments

    (602) 385-1525

    272 Total Sales

    Jeremy Lovejoy
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6145867

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-17-157

Arizona Maricopa County Phoenix 85006

417 N 16th St, Phoenix, AZ

This home is located at 417 N 16th St, Phoenix, AZ 85006 since 13 October 2020. 417 N 16th St is a home located in Maricopa County with nearby schools including Edison Elementary School, North 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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