NOT LISTED FOR SALE

Estimated Value: $936,439

Studio
-- Bath
8,233 Sq Ft
$114/Sq Ft Est. Value

Last Sold February 15, 2022

Last sale price $885,000 $107 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,005/month

149 Days on Market

Highlights

  • 0.72 Acre Lot
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Central Air

About This Home

As of February 2022

Excellent Owner/User or Redevelopment opportunity. Over 28,000 daily traffic count and over 110,000 population in three mile radius. Light rail extension going in within one mile. One vacant 2300sf space built out as Dentist office with equipment. Possible Drive Thru Redevelopment. 178 foot frontage on Southern. Great Visibility. Located in Opportunity Zone. Please do not disturb Tenants.

Last Agent to Sell the Property

Sean Brown

Realty ONE Group License #BR682879000 Listed on: 07/27/2021

Co-Listed By

George Bliss

ProSmart Realty License #SA110285000

Last Buyer's Agent

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $14,530

Year Built

  • Built in 1967

Lot Details

  • 0.72 Acre Lot
  • Property is zoned C-1

Home Design

  • 8,233 Sq Ft Home
  • Brick Exterior Construction
  • Foam Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 40 Open Parking Spaces
  • 40 Parking Spaces
  • Free Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • Operating Expense $14,530

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 113-44-064-N

Property Details

Property Type

Other

Est. Annual Taxes

$14,530

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Cross Street: E Southern Ave & S 7th Street
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-1
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1967
  • Tax Year: 2020
  • Lot Size Acres: 0.72
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: brel001
  • Co List Office Phone: 480-235-3617
  • Structure Type: Commercial, Office, Distribution/Warehse
  • Tax Parcel Letter: N
  • Construction Brick: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 8233.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Block, Brick
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 40.0
  • Total Parking Spaces: 40.0
  • General Property Description:Uncvrd Parking Spcs: 40.0
  • General Property Description:Total Parking Spcs: 40.0
  • Parking Features Free: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 31363.0
  • Parcel #: 113-44-064-N

Multi Family

  • Annual Operating Expense: 14530.0

Tax Info

  • Tax Annual Amount: 14530.0
  • Tax Book Number: 113.00
  • Tax Lot: 29
  • Tax Map Number: 44.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2021
Closed on
Feb 10, 2022
Sold by
Southern Noor Plaza Llc
Bought by
Whey Llc
Seller's Agent
Sean Brown
Realty ONE Group
Buyer's Agent
Beth Jo Zeitzer
R.O.I. Properties
List Price
$895,000
Sold Price
$885,000
Premium/Discount to List
-$10,000
-1.12%
Current Estimated Value
$936,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,439
Avg. Annual Appreciation
1.44%
Original Mortgage
$663,750
Outstanding Balance
$452,513
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$483,926

Purchase Details

Closed on
May 1, 2009
Sold by
Sarder Omar F and Sarder Nurun N
Bought by
Southern Noor Plaza Llc

Purchase Details

Closed on
Dec 11, 2006
Sold by
Sarder Omar F and Sarder Nurun N
Bought by
Southern Noor Plaza Llc

Purchase Details

Closed on
Sep 20, 2004
Sold by
Nahar Sarder Omar F and Nahar Sarder
Bought by
Sarder Omar F and Sarder Nurun N

Purchase Details

Closed on
Nov 21, 2003
Sold by
Kim Hyung Sook
Bought by
Kim Hyun Sook

Purchase Details

Closed on
Nov 12, 2003
Sold by
Smith Gaylord E
Bought by
Smith Ii Gaylord E and Gaylord Smith Decedents Trust

Purchase Details

Closed on
May 30, 2003
Sold by
Equi Mor Holding Inc
Bought by
Sarder Omar F and Sarder Nurun N

Purchase Details

Closed on
Aug 8, 2002
Sold by
Schlosser William Alan
Bought by
Maricopa Community Colleges Foundation

Purchase Details

Closed on
May 24, 2002
Sold by
Foundation For Future Development Educat
Bought by
Equi Mor Holding Inc

Purchase Details

Closed on
Jun 1, 2000
Sold by
Tease Winston and Tease Ethel Jean
Bought by
Foundation For Future Development Educat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,678
Interest Rate
8.19%

Purchase Details

Closed on
Dec 9, 1997
Sold by
Hastetter Erica H
Bought by
Future Development Education & Performin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.16%
Mortgage Type
Commercial
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
Whey Llc $885,000 Thomas Title & Escrow Llc
Southern Noor Plaza Llc -- None Available
Southern Noor Plaza Llc -- None Available
Sarder Omar F -- --
Kim Hyun Sook -- Security Title Agency
Smith Ii Gaylord E -- Grand Canyon Title Agency
Sarder Omar F $350,000 Security Title Agency
Maricopa Community Colleges Foundation -- --
Equi Mor Holding Inc $583,496 --
Equi Mor Holding Inc $583,496 First American Title
Foundation For Future Development Educat -- Grand Canyon Title Agency In
Future Development Education & Performin $260,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whey Llc $663,750
Previous Owner Foundation For Future Development Educat $331,678
Previous Owner Future Development Education & Performin $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/15/2022 02/15/22 Sold $885,000 -3.8% $107 / Sq Ft
12/17/2021 12/17/21 Pending -- -- --
12/08/2021 12/08/21 Price Changed $920,000 +4.0% $112 / Sq Ft
10/19/2021 10/19/21 Price Changed $885,000 -1.1% $107 / Sq Ft
07/21/2021 07/21/21 For Sale $895,000 +105194.1% $109 / Sq Ft
04/12/2013 04/12/13 Sold $850 -5.6% $0 / Sq Ft View Prior Sale
04/04/2013 04/04/13 Pending -- -- --
09/12/2012 09/12/12 For Sale $900 -- $0 / 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 $13,882 $91,641 -- --
2024 $13,896 $90,005 -- --
2023 $13,896 $141,848 $34,425 $107,423
2022 $14,018 $88,603 $29,103 $59,500
2021 $14,711 $98,190 $29,934 $68,256
2020 $14,530 $84,636 $25,056 $59,580
2019 $14,060 $76,932 $16,002 $60,930
2018 $14,426 $77,256 $14,814 $62,442
2017 $15,710 $87,912 $15,444 $72,468
2016 $14,942 $80,064 $14,418 $65,646
2015 $14,841 $82,714 $14,393 $68,321
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6270386

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-44-064N