NOT LISTED FOR SALE

Estimated Value: $236,000 - $852,000

0.92 Acres
$588,405 Price per Acre
40,250 Sq Ft Lot

Sale Details

Date Sold: October 17, 2014

Last sale price $155,000

Est. 249% increase in value since last sale

Current estimated payment $3,085 / mo

37 Days on Market

Highlights

  • 0.92 Acre Lot
  • Corner Lot
  • No HOA
  • Phoenix Coding Academy Rated A

About This Lot

As of October 2014

Great multi-family in-fill project for investor/developer. Area is developing - check out the new apartments across the street at 5302 E Van Buren and down the street at 2315 N. 52nd St. as examples. Many new, similar high density, multi-family developments in the area. Hard to find R-5 ZONING (allows higher density & 4-story) results in up to 39 residential units on this property without rezoning. Even at 18 condos, this is $16,667 PER CONDO UNIT land acquisition cost!!! This condo is right off the frontage road for I-143. Near the Botanical Gardens and the Phoenix Zoo. 3 parcels included in this sale 125-04-009, 010 and 011-A. Buy before land prices catch up. Short sale with a small bank and is negotiated by a successful team for great results.

Last Agent to Sell the Property

Georgi Stratton

Realty ONE Group License #BR638257000 Listed on: 03/04/2014

Realty ONE Group

Last Buyer's Agent

Rachel Breeze

Realty ONE Group License #SA641615000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,124

Lot Details

  • 40,250 Sq Ft Lot
  • Chain Link Fence
  • Corner Lot
  • 3 Lots in the community
  • Additional Parcels
  • Property is zoned Multi Family R5

Schools

  • Burk Elementary School

Mobile Home

Additional Features

  • North or South Exposure
  • Residence on Property

Community Details

  • No Home Owners Association
  • Caldwell Add Subdivision

Listing and Financial Details

  • Tax Lot 53
  • Assessor Parcel Number 125-04-011-A

Property Details

Property Type

Land

Est. Annual Taxes

$2,124

Lot Details

0.92 Acres

Listing Details

  • Cross Street: Polk Street and 53rd Street
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Raw Land
  • Zoning: Multi Family R5
  • Tax Year: 2013
  • Lot Size Acres: 0.92
  • Road Surface Type: Asphalt
  • Subdivision Name: Caldwell Add
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family

Exterior Features

  • Fencing: Chain Link
  • Lot Features: Corner Lot, Dual Street Ftg, North/South Exp
  • Disclosures: None
  • Other Structures: Abandoned, Mobile Home, Residence

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Burk Elementary School

Lot Info

  • Lot Size: Irregular
  • Lot Size Sq Ft: 40250.0
  • Number Of Lots: 3
  • Additional Parcels: Yes
  • Parcel #: 125-04-011-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2124.2
  • Tax Book Number: 125.00
  • Tax Lot: 53
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2014
Closed on
Oct 15, 2014
Sold by
Venus Investments Llc
Bought by
H & M Enterprises Inc
Seller's Agent
Georgi Stratton
Realty ONE Group
Buyer's Agent
Rachel Breeze
Realty ONE Group
List Price
$300,000
Sold Price
$155,000
Premium/Discount to List
-$145,000
-48.33%
Current Estimated Value
$541,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$386,333
Avg. Annual Appreciation
11.50%

Purchase Details

Closed on
May 4, 2006
Sold by
Noga Properties Llc
Bought by
Venus Investments Llc

Purchase Details

Closed on
Jul 12, 2000
Sold by
Moore Robert H
Bought by
Moore Robert H and Robert H Moore Revocable Living Trust
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
H & M Enterprises Inc $155,000 Chicago Title Agency Inc
Venus Investments Llc $750,000 Capital Title Agency Inc
Noga Properties Llc $570,000 Capital Title Agency Inc
Moore Robert H -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2014 10/17/14 Sold $155,000 -48.3% --
04/09/2014 04/09/14 Pending -- -- --
03/03/2014 03/03/14 For Sale $300,000 -- --
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 $2,042 $16,005 $16,005 --
2024 $1,904 $15,242 $15,242 --
2023 $1,904 $30,210 $30,210 $0
2022 $1,835 $18,525 $18,525 $0
2021 $1,866 $14,760 $14,760 $0
2020 $1,832 $12,540 $12,540 $0
2019 $2,474 $29,790 $29,790 $0
2018 $2,330 $22,545 $22,545 $0
2017 $2,232 $22,545 $22,545 $0
2016 $2,184 $20,880 $20,880 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5078728

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-04-011A

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