NOT LISTED FOR SALE

437 S 4th St Globe, AZ 85501

Estimated Value: $612,976

-- Bed
-- Bath
29,437 Sq Ft
$21/Sq Ft Est. Value

Last Sold November 18, 2020

Last sale price $345,000 $12 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,917/month

351 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating Available

About This Home

As of November 2020

Wow! This facility consists of 2 buildings one built in 1945 and the other building built in 1906 and is the oldest school building in Globe and has not been used for school purposes since 2009. Each building is constructed with poured concrete, foam-covered roofs and formerly an East Globe Elementary school. These structures are located on a rectangular-shaped full city block, with this entire perimeter covered with 6 foot chain-link metal fencing. The first building has 3 floors each measuring some 5,000 sf. THE FRONT BUILDING faces on U.S. 60 which is named ''Ash Avenue'' as it runs through Globe, AZ and has a total of 15,000 sf. The first floor currently contains administrative offices for a (a) Student Reception area, (b) A School Principal & (c) A School Nurse. These offices are served by a central air conditioning/heating unit and on the same first floor of the building there are five large classrooms which have an evaporative cooling system with forced air heat. Additionally, there are both men's and women's bathrooms on the ground floor here, along with blackboards and other school accessories in each classroom. Further, all three floors of this building have tile flooring in the rooms and polished cement in the outside hallways. THE SECOND FLOOR in this front building contains a total of 6 classrooms. The third floor has three large rooms, all three of these floors each containing 5,000 sf of space.

There are several important security features in this front building. First, there are large chain-link gates on the first floor to enter the building from two sides. Further, chain-link fencing extends above all floor banisters, so no student climbing could provide access. Finally since this building has been continuously used through December 2015 as a school facility, it is fully improved with Wi-Fi access and other accessory features are all up-to-date.

REAR BUILDING - There are 2 floors to this structure, each containing 5,000 sf. On the first floor are five classrooms and approximately 75% of all the opening in this building have been refitted, with new vintage-type, appropriate sized & double-paneled, metal-clad windows. Hardwood flooring exists throughout this structure and there are two 1/2 unisex restrooms in this building along with two very large men's and women's bathrooms with plumbing piping but no toilets, shower fixtures or washbasins.

SPECIAL FEATURES:
1. Changeable building signate-property front.
2. Regulation Tennis Court.
3. On-site recess areas/3 basketball areas.
4. Boiler, hot water heating system replaced in rear building, circa
2008, at a cost (rounded) $100,000 for radiator-type heat in
building.
5. Full fire sprinkler system in rear building.
6. Separate building, which was a former school library, of
(rounded) 2,000 sf, that included central air conditioning/heating
system and two restrooms.
7. Electrical/gas systems in both buildings are code compliant
except for certain short gas plumbing needs in rear building.
8. Two additional large bathrooms in rear building contains
plumbing/all fixtures here (toilets, sinks, showers) need to be
replaced; 2 1/2 fully equipped restrooms currently existing.
9. On-site parking: 12 spaces in front of building/ 20 spaces in rear
and side of site.

SPECIAL NOTE ON VALUE ADD OPPORTUNITY
It is recognized that the rear right hand section of these premises contains a piece of vacant land of (rounded) one-half acre. This space could accommodate 20 newlt-constructed one-bedroom apartments for seniors. Also, parking spaces for this building could also be conveniently placed here. If it was decided to pursue full service senior housing on this campus, this would be the only facility in the City of Globe to offer such accommodations. Combining (a) this new facility and (b) the existing rear two-story building into both a "lifelong learning" facility and kitchen quarters, would allow a needed service to be available in this town. Finally, this type of program should add a significant revenue stream to the ownership of this premises.

Last Listed By

Laura Good

Better Homes & Gardens Real Estate SJ Fowler License #SA639563000 Listed on: 09/24/2019

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,866

Year Built

  • Built in 1961

Lot Details

  • 2.1 Acre Lot
  • Chain Link Fence
  • Property is zoned Commercial

Home Design

  • Tilt Up Walls
  • Block Exterior

Interior Spaces

  • 29,437 Sq Ft Home
  • Concrete Flooring

Parking

  • 50 Open Parking Spaces
  • 50 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Community Details

  • 3 Buildings
  • East Globe Map Unit 1 Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 208-05-299

Property Details

Property Type

Other

Est. Annual Taxes

$5,866

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Ash St & 4th St
  • Legal Info Range: 15
  • Property Type: Comm/Industry Sale
  • Zoning: Commercial
  • Current Use: Mixed Use, Service Business
  • Number Of Buildings: 3
  • Year Built: 1961
  • Tax Year: 2018
  • Directions: Take Interstate 60 toward Globe. When you get to 4th St go left. Property is on the right
  • Lot Size Acres: 2.1
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: EAST GLOBE MAP UNIT 1
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Other

Exterior Features

  • Fencing: Chain Link
  • Construction Type: Tilt-Up, Block
  • Roof: Other, See Remarks
  • Construction:Block: Yes
  • Construction:Tilt-Up: Yes

Garage/Parking

  • Open Parking Spaces: 50.0
  • Total Parking Spaces: 50.0
  • General Property Description:Uncvrd Parking Spcs: 50.0
  • General Property Description:Total Parking Spcs: 50.0
  • Parking:Fenced: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C, Other, See Remarks
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 91476.0
  • Additional Parcels: No
  • Parcel #: 208-05-299
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5866.0
  • Tax Book Number: 208.00
  • Tax Lot: 1
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2022
Sold by
Best Care Development Qozb Llc
Bought by
March 33 Llc
Total Days on Market
351
Current Estimated Value
$612,976

Purchase Details

Listed on
Sep 24, 2019
Closed on
Dec 18, 2020
Sold by
Best Care Behavioral Homes Llc
Bought by
Best Care Development Qozb Llc
Seller's Agent
Laura Good
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Donna Allman
RE/MAX Solutions
List Price
$349,900
Sold Price
$345,000
Premium/Discount to List
-$4,900
-1.4%

Purchase Details

Closed on
Sep 11, 2020
Sold by
Wlt Glenn A
Bought by
Best Care Behavioral Homes Llc

Range of Values:

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Average Value
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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
March 33 Llc -- New Title Company Name
Best Care Development Qozb Llc -- None Available
Best Care Behavioral Homes Llc $345,000 Pioneer Title Agency Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2020 11/18/20 Sold $345,000 -1.4% $12 / Sq Ft
11/18/2020 11/18/20 For Sale $349,900 0.0% $12 / Sq Ft
11/18/2020 11/18/20 Price Changed $349,900 0.0% $12 / Sq Ft
02/25/2020 02/25/20 Price Changed $349,900 -30.0% $12 / Sq Ft
09/23/2019 09/23/19 For Sale $500,000 -- $17 / 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 $6,218 -- -- --
2024 $6,218 $289,690 $4,284 $285,406
2023 $6,218 $254,173 $8,562 $245,611
2022 $6,276 $160,660 $8,562 $152,098
2021 $6,591 $160,660 $8,562 $152,098
2020 $6,167 $0 $0 $0
2019 $6,079 $0 $0 $0
2018 $5,866 $0 $0 $0
2017 $5,701 $0 $0 $0
2016 $5,091 $0 $0 $0
2015 $4,203 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5982327

Arizona Regional Multiple Listing Service (ARMLS)

APN: 208-05-299