$400,000
SOLD SEP 27, 2017
-- Bed
-- Bath
1,651 Sq Ft
7,750 Sq Ft Lot

Recently Sold

$242 Per Sq Ft

50% Below List Price

351 Days on Market

Highlights

  • Community Kitchen
  • Skylights
  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Central Air
  • Heating Available

About This Home

As of September 2017

$350K Price Drop! Showings-By Appointment only! ALARM on property. Call for Lease Option! LOCATION LOCATION LOCATION TOTAL remodel and rezoning to C-2 of this Circa 1949 building in desired--''HOT'' 12th street corridor steps from Camelback and perfect corner location! This little gem ''sparkles'' inside and out, day or night. The vibrant exterior, whimsical art mural, and lighting beckon you in with Retro ''Garage Square'' windows-allowing you to ''see'' and ''feel'' the pulse of the neighborhood! Upon entering you are swept away to a ''chic'' cozy environment reminiscent of a modern day ''Cheers''! The owner is meticulous in all details: Custom made ''concrete'' has been transformed into ''waves'' and ''wood'' for Hostess, ''Family'' table, and Bar. The "eclectic" custom "focal point" bar with upscale leather/chrome bar "seats" and bar back drop of custom built wood wine racks replicate the eyebrow windows, creating an inviting and relaxing environment. Custom bench booth seating create a setting for small or large gatherings or to sit back and "people" watch. The Family table dining is accented by a stylish "modern" light fixture just one of many surprises throughout the space. The "vibe" of the space is "New and Fresh" with a perfect mix of natural stone finishes, Beautiful exposed Beam, exposed duct work with colorful art work that compliment and accent the space! The Owner painstaking petitioned and secured the complete rezoning to C-2 for the space over a 13-15 month process which is a major benefit for the new owner. Everything has been updated and or replaced all to code and approved by the City of Phoenix. NEW Roof, AC, Electrical, Plumbing including 2 New handicap accessible bathrooms- Classy in style and design-Prepare to be impressed! New tankless Hot Water Heater, New kitchen with all that you would expect for a Tapas restaurant and bar. NEW asphalt parking lot with drainage, New sidewalk and entry patio with benches, New Bike rack, New landscaping. The Seller also secured an additional parking lease which can be negotiated,. Included is "Good Will" from the positive impact this little GEM has had on the neighborhood and community-featured in numerous articles with POSITIVE reviews and frequented by numerous Phoenix and visiting notables.

Last Agent to Sell the Property

Janice Lawrence

RE/MAX Alliance Group License #BR561806000 Listed on: 09/01/2016

RE/MAX Alliance Group

Last Buyer's Agent

Thomas Bartz

HomeSmart License #SA573027000

HomeSmart

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,805

Year Built

  • Built in 1949

Lot Details

  • 7,750 Sq Ft Lot
  • Property is zoned C2

Home Design

  • Built-Up Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,651 Sq Ft Home
  • Skylights
  • Concrete Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Private Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • Meadowbrook Acres Subdivision
  • Community Kitchen
  • Operating Expense $2,805

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 155-12-102

Property Details

Property Type

Other

Est. Annual Taxes

$2,805

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Cross Street: Camelback and 12th Street
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1949
  • Tax Year: 2015
  • Directions: South on 12th Street to NW Corner of 12th Street and Campbell. New Parking lot is North of the building-North of stop light at Campbell.
  • Lot Size Acres: 0.18
  • Subdivision Name: MEADOWBROOK ACRES
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 1651.0

Exterior Features

  • Fencing: None
  • Disclosures: Other (See Remarks)
  • Construction Type: Stucco, Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Paved Parking, Private Parking
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes
  • Parking:Other (See Remarks)24: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: Individual Meter, APS
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Kitchen, Skylight(s)
  • Water Source: Other, See Remarks, City Franchise, Individual Meter
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Skylight(s)2: Yes

Lot Info

  • Lot Size Sq Ft: 7750.0
  • Parcel #: 155-12-102
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 2805.0

Tax Info

  • Tax Annual Amount: 2805.0
  • Tax Book Number: 155.00
  • Tax Lot: 1
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2016
Closed on
Aug 29, 2017
Sold by
Cor Tapas And Wine Llc
Bought by
Cor Thai Kitchen Llc
Seller's Agent
Janice Lawrence
RE/MAX Alliance Group
Buyer's Agent
Thomas Bartz
HomeSmart
List Price
$800,000
Sold Price
$400,000
Premium/Discount to List
-$400,000
-50%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.24%
Original Mortgage
$280,000
Outstanding Balance
$236,536
Interest Rate
3.89%
Mortgage Type
Commercial
Estimated Equity
$555,750

Purchase Details

Closed on
Feb 25, 2014
Sold by
Guidry Robert and Guidry Joan
Bought by
Cor Tapas & Wine Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
May 22, 1997
Sold by
Dieckmann Evelyn H
Bought by
Guidry Robert and Guidry Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
8.13%
Mortgage Type
Commercial
Source: Public Records

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 Type Sale Price Title Company
Special Warranty Deed $400,000 Lawyers Title Of Arizona Inc
Special Warranty Deed $298,000 Lawyers Title Of Arizona Inc
Warranty Deed $85,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $280,000 Commercial
Previous Owner $300,000 Commercial
Previous Owner $195,000 Commercial
Previous Owner $68,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 For Sale $1,400,000 +250.0% $848 / Sq Ft
09/27/2017 09/27/17 Sold $400,000 -50.0% $242 / Sq Ft
09/01/2016 09/01/16 For Sale $800,000 +166.7% $485 / Sq Ft
04/30/2014 04/30/14 Sold $300,000 0.0% $182 / Sq Ft
09/26/2013 09/26/13 Pending -- -- --
04/11/2013 04/11/13 For Sale $300,000 -- $182 / 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 $7,358 $57,450 -- --
2024 $7,378 $56,424 -- --
2023 $7,378 $65,263 $21,760 $43,503
2022 $7,369 $62,510 $22,085 $40,425
2021 $7,645 $63,936 $22,716 $41,220
2020 $7,526 $63,594 $22,338 $41,256
2019 $7,360 $59,112 $19,764 $39,348
2018 $7,180 $55,332 $15,984 $39,348
2017 $6,842 $51,696 $15,516 $36,180
2016 $6,605 $49,014 $16,038 $32,976
2015 $2,805 $19,758 $11,285 $8,473
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5491316

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-12-102