NOT LISTED FOR SALE

Estimated Value: $1,386,500

Studio
-- Bath
5,157 Sq Ft
$269/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $1,405,000 $272 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,936/month

20 Days on Market

Highlights

  • 0.98 Acre Lot
  • Cooling Available
  • Heating Available

About This Home

As of August 2022

Rare retail value-add opportunity in Ahwatukee Foothills! The property is currently configured for two tenants, but could easily be split into four smaller suites.

**Pending easement sale of cell tower on the property** DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 03/17/2022

Co-Listed By

Blake Mallery

Compass License #SA680838000

Last Buyer's Agent

Ricardo Cortazar

Russ Lyon Sotheby's International Realty License #BR524313000

Russ Lyon Sotheby's International Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $21,885

Year Built

  • Built in 1998

Lot Details

  • 0.98 Acre Lot
  • Property is zoned C-1

Home Design

  • 5,157 Sq Ft Home
  • Block Exterior

Parking

  • Free Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Pitic Center Subdivision
  • Operating Expense $21,885

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 301-59-490-B

Property Details

Property Type

Other

Est. Annual Taxes

$21,885

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Cross Street: E Warner Rd and S 51st St
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: C-1
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1998
  • Tax Year: 2021
  • Lot Size Acres: 0.98
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: PITIC CENTER
  • Structure Type: Other (See Remarks), Commercial
  • Tax Parcel Letter: B
  • Water Source City Franchise: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 5157.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: None
  • Construction Type: Other, Block
  • Roof: Other
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, Free
  • Attached Garage: No
  • Parking Features Paved Parking: Yes
  • Parking Features Free: Yes

Utilities

  • Electric: SRP
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Green Building Features: Other (See Remarks)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Association/Amenities

  • Amenities:Other (See Remarks)32: Yes

Lot Info

  • Lot Size Sq Ft: 42477.0
  • Parcel #: 301-59-490-B

Multi Family

  • Annual Operating Expense: 21885.0

Tax Info

  • Tax Annual Amount: 21885.0
  • Tax Book Number: 301.00
  • Tax Lot: 1
  • Tax Map Number: 59.00

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2022
Closed on
Aug 6, 2022
Sold by
Q Management Llc
Bought by
White Lotus Creations Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Ricardo Cortazar
Russ Lyon Sotheby's International Realty
List Price
$1,300,000
Sold Price
$1,405,000
Premium/Discount to List
$105,000
8.08%
Current Estimated Value
$1,386,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,500
Avg. Annual Appreciation
-0.39%

Purchase Details

Closed on
May 28, 2008
Sold by
Quinones Adrian C and Quinones Guadalupe M
Bought by
Q Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$958,750
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 2, 2002
Sold by
Quinones Adrian C and Quinones Guadalupe
Bought by
Quinones Adrian C and Quinones Guadalupe
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
White Lotus Creations Llc $1,405,000 Stewart Title & Trust Of Phoen
Q Management Llc -- Chicago Title
Quinones Adrian C -- --
Quinones Adrian C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Q Management Llc $958,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2022 08/12/22 Sold $1,405,000 +6.0% $272 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
03/17/2022 03/17/22 Price Changed $1,325,000 +1.9% $257 / Sq Ft
03/16/2022 03/16/22 For Sale $1,300,000 -- $252 / 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 $20,231 $192,221 -- --
2024 $20,491 $188,789 -- --
2023 $20,491 $278,137 $187,629 $90,508
2022 $20,193 $181,616 $96,443 $85,173
2021 $21,885 $185,688 $99,198 $86,490
2020 $21,379 $185,202 $97,668 $87,534
2019 $20,743 $191,160 $107,010 $84,150
2018 $20,103 $180,504 $98,370 $82,134
2017 $19,259 $162,234 $91,080 $71,154
2016 $19,419 $144,684 $80,604 $64,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6369612

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-59-490B