NOT LISTED FOR SALE
5.32 Acres
-- Price per Acre
231,739 Sq Ft Lot

Sale Details

Date 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

5.32 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2014
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,425,000 Thomas Title & Escrow
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner --
Previous Owner $750,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6145867

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-17-157

Your Personal Tour Guide

Ask me questions while you tour the home.