NOT LISTED FOR SALE
Studio
-- Bath
4,080 Sq Ft
5,663 Sq Ft Lot

Last Sold March 01, 2016

Last sale price $3,995 $1 Per Sq Ft

111 Days on Market

Highlights

  • Display Windows
  • Central Air
  • Heating Available
  • Madison Richard Simis School Rated A-
  • Concrete Flooring

About This Home

As of March 2016

Move-in ready highly creative office/retail. located in emerging creative hub just north of the Light Rail, an easy walk to signature eateries, cafes + more. Building features recent update/renovation by Architect Wendell Burnette. Classic 1950s stand-alone building has been reworked to offer approximately 3100 sq. feet of open workspace or retail. You'll find: Ample light, exposed wooden trusses & ceilings, sandblasted concrete block walls, concrete floors, private bath, 1.5-car tandem rear entry garage or storage, exposed and updated HVAC distribution, ample display store frontage, 4 car street front parking and potential partial use of the existing monument sign. Rate escalates 5% per year.

Last Agent to Sell the Property

Scott Jarson

AZArchitecture/Jarson & Jarson Brokerage Email: info@azarchitecture.com License #SA031457000 Listed on: 11/07/2015

Co-Listed By

Samantha Okrasinski

AZArchitecture/Jarson & Jarson Brokerage Email: info@azarchitecture.com License #SA659927000

Last Buyer's Agent

Scott Jarson

AZArchitecture/Jarson & Jarson Brokerage Email: info@azarchitecture.com License #SA031457000 Listed on: 11/07/2015

Property Details

Property Type

  • Other

Year Built

  • Built in 1953

Lot Details

  • 5,808 Sq Ft Lot
  • Property is zoned C-2

Home Design

  • Built-Up Roof
  • Foam Roof
  • Block Exterior

Interior Spaces

  • 4,080 Sq Ft Home
  • Display Windows

Flooring

  • Carpet
  • Concrete

Parking

  • 4 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Covered Spaces

Utilities

  • Central Air
  • Heating Available

Community Details

  • Medlock Place Subdivision

Listing and Financial Details

  • Property Available on 1/1/16
  • Tenant pays for trash collection, electricity, contents insurance, glass insurance, liability insurance, janitorial service, parking area maint
  • The owner pays for (see remarks), property taxes, water, electricity
  • Tax Lot 37
  • Assessor Parcel Number 162-23-075-A

Property Details

Property Type

Other

Year Built

Built in 1953

Lot Details

5,808 Sq Ft Lot

Listing Details

  • Cross Street: Central + Camelback
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Lease
  • Zoning: C-2
  • Number Of Buildings: 1
  • Lease Info Annual C A M Sq Ft: 1.5
  • Lease Info Annual Lease Price: 4000.0
  • Lease Info Annual Lse Prc P S F: 15.5
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 03-10
  • Lease Info Space Divisible: No
  • Year Built: 1953
  • Tax Year: 2015
  • Lot Size Acres: 0.13
  • Road Surface Type: Asphalt, Concrete
  • Co List Office Mls Id: jarj01
  • Co List Office Phone: 480-425-9300
  • Subdivision Name: MEDLOCK PLACE
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: A
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Concrete
  • Living Area: 4080.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.5
  • Parking Features: Other (See Remarks)
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 1.5
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Other (See Remarks)24: Yes
  • Tenant Pays:Parking Area Maint: Yes

Utilities

  • Electric: APS, Master Meter
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Display Window(s)
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Electric Master Meter: Yes

Association/Amenities

  • Amenities:Display Window(s): Yes

Lot Info

  • Lot Size Sq Ft: 5808.0
  • Additional Parcels: No
  • Parcel #: 162-23-075-A
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2016-01-01

Multi Family

  • Owner Pays: Other (See Remarks), Property Taxes, Water, Electricity
  • Tenant Pays: See Remarks, Trash Collection, Electricity, Contents Insurance, Glass Insurance, Liability Insurance, Janitorial Service, Parking Area Maint
  • Existing Lease Type: Other (See Remarks), Modified Terms, Deposit Required
  • Leasable Area: 3100.0

Tax Info

  • Tax Annual Amount: 4713.0
  • Tax Book Number: 162.00
  • Tax Lot: 37
  • Tax Map Number: 23.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2009
Sold by
Jsl Holdings Llc
Bought by
5102 North Central Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$743,400
Outstanding Balance
$470,923
Interest Rate
5.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 11, 2005
Sold by
Mehagian Margo Dove
Bought by
Mehagian Richard Allen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
5.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 2005
Sold by
Mehagian Richard Allen and Mehagian Nancy Lynn
Bought by
Jsl Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
5.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 2003
Sold by
Gertmenian Florence M and Mardian Samuel
Bought by
Mehagian Nancy Lynn

Purchase Details

Closed on
Feb 3, 1995
Sold by
Gertmenian Florence M
Bought by
Mehagian Richard Allen
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
5102 North Central Llc $725,000 The Talon Group Tatum Gdns
Mehagian Richard Allen -- Transnation Title
Jsl Holdings Llc $550,000 Transnation Title
Mehagian Nancy Lynn -- --
Mehagian Richard Allen -- --
Mehagian Richard Allen -- --
Mehagian Nancy Lynn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5102 North Central Llc $743,400
Previous Owner Jsl Holdings Llc $452,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2016 03/01/16 Sold $3,995 -0.1% $1 / Sq Ft
02/25/2016 02/25/16 Pending -- -- --
11/06/2015 11/06/15 For Sale $4,000 -- $1 / Sq Ft
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 $5,594 $42,936 -- --
2024 $5,514 $42,170 -- --
2023 $5,514 $77,146 $37,094 $40,052
2022 $5,507 $76,458 $38,360 $38,098
2021 $5,714 $78,876 $39,456 $39,420
2020 $5,625 $79,164 $38,916 $40,248
2019 $5,501 $77,490 $38,160 $39,330
2018 $5,366 $69,210 $29,934 $39,276
2017 $5,113 $64,692 $29,070 $35,622
2016 $4,937 $57,006 $24,174 $32,832
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5359476

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-23-075B

Your Personal Tour Guide

Ask me questions while you tour the home.