NOT LISTED FOR SALE

Estimated Value: $672,613

0.78 Acre
$862,324 Price per Acre
34,078 Sq Ft Lot

Sale Details

Date Sold: July 13, 2023

Last sale price $649,000

Est. 4% increase in value since last sale

Current estimated payment $3,836 / mo

198 Days on Market

Highlights

  • City Lights View
  • 0.78 Acre Lot
  • Level Lot
  • Phoenix Coding Academy Rated A
  • No HOA

About This Lot

As of July 2023

PRIME COMMERCIAL LOT,ZONED 85% C-3,and 15% R-3, PROPERTY FRONTS VAN BUREN (221ft), 240ft DEEP, LOT LEVEL WITH GREAT VIEWS, UTILITIES UP TO PROPETY ON VAN BUREN, GREAT FOR INVESTORS, UNLIMITED POTENTIAL, MIX USE: OFFICE, FAST FOOD, GAS STATION, RETAIL, NEAR GATEWAY &44th St CORRIDOR, AIRPORT, FREEWAY, LIGHT RAIL, DOWNTOWN, ARENA,.......BUYER TO CONFIRM ALL INFORMATION..

Last Agent to Sell the Property

Steve Oliverio

HomeSmart License #BR007189000 Listed on: 11/03/2022

HomeSmart

Last Buyer's Agent

Jocelyn Jones

Realty ONE Group License #SA668550000

Realty ONE Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,231

Lot Details

  • 34,078 Sq Ft Lot
  • Chain Link Fence
  • Level Lot
  • Property is zoned C-3 & R-3

Property Views

  • City Lights
  • Mountain

Eco-Friendly Details

  • North or South Exposure

Community Details

  • No Home Owners Association
  • T1n R4e S6 Subdivision

Listing and Financial Details

  • Tax Lot 12a
  • Assessor Parcel Number 125-31-120-B

Property Details

Property Type

Land

Est. Annual Taxes

$3,231

Lot Details

0.78 Acres

Listing Details

  • Cross Street: 48th St & VAN BUREN
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Raw Land, Off Site Imp Complte
  • Topography: Level
  • Zoning: C-3 & R-3
  • Tax Year: 2021
  • Horses: No
  • Lot Size Acres: 0.78
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: T1N R4E S6
  • Tax Parcel Letter: B
  • View:Mountain View(s): Yes
  • View:City Light View(s): Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Retail, Multi-Family, Commercial, Office, Hotel/Motel

Exterior Features

  • Fencing: Chain Link
  • Lot Features: North/South Exp
  • View: Mountain(s), City Light(s)
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Lot Size Sq Ft: 34078.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 125-31-120-B
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3231.0
  • Tax Book Number: 125.00
  • Tax Lot: 12a
  • Tax Map Number: 31.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2022
Closed on
Jul 13, 2023
Sold by
Van Buren 47 Llc
Bought by
Desert Drives Llc
Seller's Agent
Steve Oliverio
HomeSmart
Buyer's Agent
Jocelyn Jones
Realty ONE Group
List Price
$850,000
Sold Price
$649,000
Premium/Discount to List
-$201,000
-23.65%
Views
24
Current Estimated Value
$672,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,613
Avg. Annual Appreciation
1.30%
Original Mortgage
$549,000
Outstanding Balance
$534,265
Interest Rate
6.79%
Mortgage Type
Seller Take Back
Estimated Equity
$138,348

Purchase Details

Closed on
May 19, 2006
Sold by
Grimmett Paul W
Bought by
Van Buren 47 Llc

Purchase Details

Closed on
Oct 20, 1999
Sold by
Panagiotoglou Phillip
Bought by
Grimmett Paul W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Desert Drives Llc $649,000 Chicago Title
Van Buren 47 Llc $480,000 Capital Title Agency Inc
Grimmett Paul W $260,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desert Drives Llc $549,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2023 07/13/23 Sold $649,000 -7.2% --
05/02/2023 05/02/23 Price Changed $699,000 -6.8% --
02/09/2023 02/09/23 Price Changed $750,000 -11.8% --
11/02/2022 11/02/22 For Sale $850,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $3,537 $27,714 $27,714 --
2024 $3,297 $26,395 $26,395 --
2023 $3,297 $65,760 $65,760 $0
2022 $3,178 $30,465 $30,465 $0
2021 $3,231 $30,465 $30,465 $0
2020 $3,172 $24,465 $24,465 $0
2019 $3,160 $24,855 $24,855 $0
2018 $2,976 $20,850 $20,850 $0
2017 $2,851 $19,305 $19,305 $0
2016 $2,789 $17,865 $17,865 $0
2015 $3,986 $25,904 $25,904 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6485261

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-31-120B

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