NOT LISTED FOR SALE

424 W Gemini Dr Tempe, AZ 85283

West Tempe Neighborhood

Estimated Value: $1,592,763

-- Bed
-- Bath
9,746 Sq Ft
$163/Sq Ft Est. Value

Last Sold December 17, 2012

Last sale price $585,000 $60 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $9,490/month

102 Days on Market

Highlights

  • 0.65 Acre Lot
  • Concrete Flooring
  • Heat Pump System
  • Community Kitchen

About This Home

As of December 2012

Freestanding Industrial building formerly used for manufacturing. Office section includes 4 private offices, restroom, reception. Balance of the building is manufacturing space and warehouse. 3 manual roll up doors, 2 of which are over-sized. Mature landscaping and large fenced lot. Ground Level loading and exterior lighting. 5 Coolers in manufacturing/warehouse space, 4 of which are brand new and remainder is rebuilt. Offices A/C cooled. Storage Mezzanine.

Last Agent to Sell the Property

Susan McCall

Commercial Property Connect License #BR552939000 Listed on: 07/22/2012

Last Buyer's Agent

Susan McCall

Commercial Property Connect License #BR552939000 Listed on: 07/22/2012

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,721

Year Built

  • Built in 1979

Lot Details

  • 0.65 Acre Lot
  • Block Wall Fence
  • Chain Link Fence
  • Property is zoned I-1

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • 9,746 Sq Ft Home
  • Concrete Flooring

Parking

  • 28 Open Parking Spaces
  • 28,159 Parking Spaces
  • 28,131 Covered Spaces

Utilities

  • Heat Pump System

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 301-82-020

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Additional Features

  • Kyrene Business Park Lot 1 176 & Tr A Subdivision
  • Operating Expense $12,721

Property Details

Property Type

Other

Est. Annual Taxes

$12,721

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: Kyrene and Guadalupe
  • Property Type: Comm/Industry Sale
  • Zoning: I-1
  • Current Use: Office, Warehouse
  • Number Of Buildings: 1
  • Year Built: 1979
  • Tax Year: 2011
  • Directions: From I-10 take the Guadalupe Road Exit East a little over a mile to Kyrene. North on Kyrene 1 street to Gemini. Head East on Gemini to Property on North side of road. Sell Lister's Sign
  • Lot Size Acres: 0.65
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: Kyrene Business Park Lot 1-176 & TR A
  • Structure Type: Commercial, Industrial, Manufacturing, Distribution/Warehse
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block, Chain Link
  • Construction Type: Block
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 28131.0
  • Open Parking Spaces: 28.0
  • Total Parking Spaces: 28159.0
  • General Property Description:Covered Parking Spcs: 28131.0
  • General Property Description:Uncvrd Parking Spcs: 28.0
  • General Property Description:Total Parking Spcs: 28159.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: 3 Phase Power, Over 220 Amp, SRP
  • Cooling: Warehouse Evap, Office A/C
  • Heating: Heat Pump, Electric
  • Green Building Features: Conference Room, Reception Room, Kitchen
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Office Heated: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes

Lot Info

  • Lot Size Sq Ft: 28131.0
  • Additional Parcels: No
  • Parcel #: 301-82-020
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 12721.0

Tax Info

  • Tax Annual Amount: 12721.0
  • Tax Book Number: 301.00
  • Tax Lot: 16
  • Tax Map Number: 82.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2012
Closed on
Nov 20, 2012
Sold by
Stands Jack L
Bought by
Five Brothers Holdings Llc
Seller's Agent
Susan McCall
Commercial Property Connect
Buyer's Agent
Susan McCall
Commercial Property Connect
List Price
$633,490
Sold Price
$585,000
Premium/Discount to List
-$48,490
-7.65%
Current Estimated Value
$1,592,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,007,763
Avg. Annual Appreciation
8.14%
Original Mortgage
$553,500
Outstanding Balance
$381,754
Interest Rate
3.35%
Mortgage Type
Commercial
Estimated Equity
$1,211,009
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Five Brothers Holdings Llc $585,000 Great American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Five Brothers Holdings Llc $553,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2012 12/17/12 Sold $585,000 -7.7% $60 / Sq Ft
11/01/2012 11/01/12 Pending -- -- --
07/22/2012 07/22/12 For Sale $633,490 -- $65 / 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 $12,547 $108,613 -- --
2024 $12,771 $106,674 -- --
2023 $12,771 $160,633 $56,032 $104,601
2022 $12,611 $136,973 $53,935 $83,038
2021 $13,061 $131,724 $55,476 $76,248
2020 $12,664 $127,908 $48,690 $79,218
2019 $12,424 $115,902 $46,494 $69,408
2018 $12,116 $114,066 $38,196 $75,870
2017 $11,755 $107,352 $35,370 $71,982
2016 $11,672 $104,400 $31,302 $73,098
2015 $11,522 $87,709 $27,103 $60,606
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Susan McCall

    Commercial Property Connect

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4792567

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-82-020

Arizona Maricopa County Tempe 85283 West Tempe

424 W Gemini Dr, Tempe, AZ

This home is located at 424 W Gemini Dr, Tempe, AZ 85283 since 22 July 2012 and is currently estimated at $1,592,763, approximately $163 per square foot. This property was built in 1979. 424 W Gemini Dr is a home located in Maricopa County with nearby schools including Aguilar Elementary School, Fees College Preparatory Middle School, and Marcos De Niza High School.

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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