NOT LISTED FOR SALE

500 E Southern Ave Tempe, AZ 85282

Alameda Neighborhood

Estimated Value: $556,072

-- Bed
2 Baths
2,429 Sq Ft
$229/Sq Ft Est. Value

Last Sold May 19, 2016

Last sale price $300,000 $124 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $3,493/month

235 Days on Market

About This Home

As of May 2016

LOCATION! LOCATION! LOCATION!
This building currently is configured with 3 suites. Suite A is currently built out as a dental office. Suites B & C are configured for medical or general office. The entire building is plumbed for Dental! Frontage on Southern Ave and centrally located within Tempe! Easy access to Hwy 60, Loop 101 and I10.
Suite A: 1,277/SF with 4 Operatory rooms, lab, receptionist, waiting, dr.'s office with private restroom and entrance. New A/C unit for Suite A. Suite B: 594/SF receptionist, 2 offices, waiting room, restroom, storage. Suite C: 348/SF waiting area, workstation, 1 office, 1 restroom, storage. Suites B & C are plumbed for dental as well. Perfect for a dentist who wants to lease out other suites or expand. Medical/General Office possibilities. COX is Avail.

Last Agent to Sell the Property

Susan McCall

Commercial Property Connect License #BR552939000 Listed on: 09/23/2015

Last Buyer's Agent

Susan McCall

Commercial Property Connect License #BR552939000 Listed on: 09/23/2015

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,505

Year Built

  • Built in 1970

Lot Details

  • 7,920 Sq Ft Lot
  • Partially Fenced Property
  • Property is zoned R-4

Home Design

  • 2,429 Sq Ft Home
  • Composition Roof
  • Block Exterior

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Brentwood Manor 2 Subdivision
  • Reception Area
  • Operating Expense $3,505

Listing and Financial Details

  • Tax Lot 110
  • Assessor Parcel Number 133-28-075-B

Property Details

Property Type

Other

Est. Annual Taxes

$3,505

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Southern Ave and Rural Rd
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: R-4
  • Current Use: Medical/Dental
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2014
  • Directions: From Hwy 60 exit Rural Road. Go North to Southern Ave. Go west on Southern 1/2 mile and the property is on the North side of the street!
  • Lot Size Acres: 0.18
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: BRENTWOOD MANOR 2
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: None, Partial
  • Construction Type: Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Natural Gas
  • Green Building Features: Reception Room
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Association/Amenities

  • Amenities:Reception Room: Yes

Lot Info

  • Lot Size Sq Ft: 7920.0
  • Additional Parcels: No
  • Parcel #: 133-28-075-B
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 3505.0

Tax Info

  • Tax Annual Amount: 3505.0
  • Tax Book Number: 133.00
  • Tax Lot: 110
  • Tax Map Number: 28.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2015
Closed on
May 16, 2016
Sold by
Rjm Investment Llc
Bought by
Aesl Holdings Llc
Seller's Agent
Susan McCall
Commercial Property Connect
Buyer's Agent
Susan McCall
Commercial Property Connect
List Price
$499,000
Sold Price
$300,000
Premium/Discount to List
-$199,000
-39.88%
Total Days on Market
235
Current Estimated Value
$556,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,072
Avg. Annual Appreciation
7.07%

Purchase Details

Closed on
Sep 25, 2008
Sold by
Tempe Group Llc
Bought by
Rjm Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
6.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 1995
Sold by
Utter Karen L
Bought by
Tempe Group Llc

Purchase Details

Closed on
Sep 6, 1994
Sold by
Richardson Jay M and Richardson Lavona F
Bought by
Utter Richard C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.58%
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 Buyer Sale Price Title Company
Aesl Holdings Llc $300,000 First American Title Ins Co
Rjm Investments Llc $540,000 First American Title Ins Co
Tempe Group Llc $18,975 --
Tempe Group Llc $18,975 --
Tempe Group Llc $18,975 --
Tempe Group Llc $18,975 --
Tempe Group Llc $18,975 --
Tempe Group Llc $70,125 --
Utter Kathy L -- --
Utter Kent O -- --
Utter Richard C -- --
Knutson Kimberly E -- --
Utter Karen L -- --
Utter Richard C $165,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rjm Investments Llc $486,000
Previous Owner Rjm Investments Llc $10,935
Previous Owner Tempe Group Llc $195,000
Previous Owner Utter Richard C $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2016 05/19/16 Sold $300,000 -39.9% $124 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
09/07/2015 09/07/15 For Sale $499,000 -- $205 / 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 $4,562 $39,488 -- --
2024 $4,643 $38,783 -- --
2023 $4,643 $46,070 $35,496 $10,574
2022 $4,585 $54,023 $25,935 $28,088
2021 $4,749 $56,268 $26,676 $29,592
2020 $4,604 $51,858 $26,424 $25,434
2019 $4,517 $53,190 $24,138 $29,052
2018 $3,671 $47,835 $17,295 $30,540
2017 $3,561 $31,740 $16,005 $15,735
2016 $3,536 $27,150 $13,920 $13,230
2015 $3,623 $24,720 $11,824 $12,896
Source: Public Records

Agents Affiliated with this Home

  • Susan McCall

    Seller's Agent in 2016

    Susan McCall

    Commercial Property Connect

    (303) 478-0633

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5338555

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-28-075B

Arizona Maricopa County Tempe 85282 Alameda

500 E Southern Ave, Tempe, AZ

This home is located at 500 E Southern Ave, Tempe, AZ 85282 since 23 September 2015 and is currently estimated at $556,072, approximately $228 per square foot. This property was built in 1970. 500 E Southern Ave is a home located in Maricopa County with nearby schools including Broadmor Elementary School, Connolly Middle School, and Tempe 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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