NOT LISTED FOR SALE

Estimated Value: $439,610

Studio
-- Bath
3,826 Sq Ft
$115/Sq Ft Est. Value

Last Sold June 14, 2013

Last sale price $110,000 $29 Per Sq Ft

Est. 300% increase in value since last sale

Current estimated payment $2,659/month

123 Days on Market

Highlights

  • 0.69 Acre Lot
  • Community Kitchen
  • Central Air
  • Phoenix Coding Academy Rated A

About This Home

As of June 2013

Private Club ''Bar & Tavern'' consist of two buildings, the main building contains 2,837 s.f. with Kitchen, Bar, Game Area, Meeting Area and 2 Restrooms. The Seconary building contains 989 s.f. and contains a meeting area,kitchen and 1 restroom; both are used as a private club (Property approved for Liquor License..Previously operated for the last 27 years as an AMVET Lounge) Exterior building nicely painted and Interior has new paint inside with club like feel. Property Sold in AS-IS Condition.

Allowed w/Current Zoning: Equipmnt Rental, Retail Sales-Electrical, Contractor Shops, Roofing Storage, Auto/Mobile Home Sales and many more.

Listing Agent related to owners.

Last Agent to Sell the Property

Tamala Daniels

Realty ONE Group License #SA042268000 Listed on: 02/09/2013

Last Buyer's Agent

Tamala GRI

Coldwell Banker Bentley

Property Details

Property Type

  • Other

Year Built

  • Built in 1978

Lot Details

  • 0.69 Acre Lot
  • Chain Link Fence
  • Property is zoned C-3 Commerical

Home Design

  • 3,826 Sq Ft Home
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 35 Open Parking Spaces
  • 35 Parking Spaces

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 113-20-003

Community Details

Overview

  • 2 Buildings
  • Monte Vista Acres 9 24 Subdivision

Amenities

  • Community Kitchen

Building Details

  • Operating Expense $16,233
  • Gross Income $24,000
  • Net Operating Income $12,974

Property Details

Property Type

Other

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Cross Street: 7th Street & Broadway
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-3 Commerical
  • Current Use: Bar
  • Number Of Buildings: 2
  • Year Built: 1978
  • Tax Year: 2012
  • Lot Size Acres: 0.69
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: Monte Vista Acres 9-24
  • Structure Type: Commercial, Other (See Remarks)
  • Special Features: VirtualTour
  • Property Sub Type: Other

Exterior Features

  • Fencing: Chain Link
  • Construction Type: Frame - Wood, Stucco
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 35.0
  • Total Parking Spaces: 35.0
  • General Property Description:Uncvrd Parking Spcs: 35.0
  • General Property Description:Total Parking Spcs: 35.0
  • Parking:Public Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: City Electric, SRP
  • Cooling: Central A/C, Wall/Window Unit(s)
  • Heating: Natural Gas
  • Green Building Features: Kitchen
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Other (See Remarks)32: Yes

Fee Information

  • Annual Fuel Expense: 720.0
  • Annual Water Sewer Expense: 1000.0

Lot Info

  • Lot Size Sq Ft: 30056.0
  • Additional Parcels: No
  • Parcel #: 113-20-003
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 2400.0
  • Annual Gross Income: 24000.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 100.0
  • Property Net Operating Income: 12973.7
  • Annual Operating Expense: 16232.6
  • Leasable Area: 3826.0

Tax Info

  • Tax Annual Amount: 5206.3
  • Tax Book Number: 113.00
  • Tax Lot: 1
  • Tax Map Number: 20.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2019
Sold by
24 Broadway Llc
Bought by
18197 Llc
Current Estimated Value
$439,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Outstanding Balance
$201,501
Interest Rate
3.82%
Mortgage Type
Commercial
Estimated Equity
$232,207

Purchase Details

Closed on
Feb 23, 2018
Sold by
Estate Of Bahjat H Ibrahim
Bought by
24 Broadway Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$923,400
Interest Rate
3.99%
Mortgage Type
Unknown

Purchase Details

Listed on
Feb 9, 2013
Closed on
Jun 11, 2013
Sold by
Curtis Daniels Ambets Llc
Bought by
Ibrahim Bahjat
Seller's Agent
Tamala Daniels
Realty ONE Group
Buyer's Agent
Tamala Daniels
Realty ONE Group
List Price
$190,000
Sold Price
$110,000
Premium/Discount to List
-$80,000
-42.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.51%

Purchase Details

Closed on
Jul 3, 2007
Sold by
Williams Gloria J
Bought by
Curtis Daniels Amvets Llc
Source: Public Records
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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
18197 Llc $250,000 Driggs Title Agency Inc
24 Broadway Llc $1,154,250 Commonwealth Land Title Insu
Ibrahim Bahjat $110,000 American Title Service Agenc
Curtis Daniels Amvets Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 18197 Llc $230,000
Previous Owner 24 Broadway Llc $923,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2013 06/14/13 Sold $110,000 -42.1% $29 / Sq Ft
06/04/2013 06/04/13 Pending -- -- --
02/01/2013 02/01/13 For Sale $190,000 -- $50 / 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 $4,323 $28,670 -- --
2024 $4,347 $28,159 -- --
2023 $4,347 $38,522 $28,424 $10,098
2022 $4,385 $31,816 $22,383 $9,433
2021 $4,603 $32,526 $23,022 $9,504
2020 $4,546 $25,272 $15,822 $9,450
2019 $4,859 $26,586 $17,496 $9,090
2018 $4,860 $26,028 $16,830 $9,198
2017 $4,777 $27,450 $17,532 $9,918
2016 $4,544 $25,038 $15,930 $9,108
2015 $4,396 $25,216 $17,945 $7,271
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4887906

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-20-003