NOT LISTED FOR SALE

5320 N 16th St Unit 114 Phoenix, AZ 85016

Camelback East Village Neighborhood

Estimated Value: $4,790,777

-- Bed
-- Bath
1,070 Sq Ft
$4,477/Sq Ft Est. Value

Last Sold November 24, 2015

Last sale price $1,070 $1 Per Sq Ft

Est. 447,636% increase in value since last sale

Current estimated payment $27,838/month

810 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • 4-minute walk to Desert Storm Park

About This Home

As of November 2015

Solid location just off SR-51 and Camelback. There has been new development and new business in this area. Locate yourself here and take advantage of this great location. Second floor $10.00/SqFt/Yr. Ground floor $12.00/SqFt/Yr. - this suite is downstairs. Suites range from 312SqFt to 2016SqFt and can be adjusted to suit.

Last Agent to Sell the Property

Timothy Schutt

Wrangler Real Estate License #BR567000000 Listed on: 09/05/2013

Co-Listed By

Richard Schutt

Wrangler Real Estate License #BR108116000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 1975

Lot Details

  • Property is zoned C-2

Home Design

  • Brick Exterior Construction
  • Tile Roof

Parking

  • 48 Open Parking Spaces
  • 78 Parking Spaces
  • 30 Covered Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • El Dorado Square Subdivision

Listing and Financial Details

  • Property Available on 1/15/15
  • Assessor Parcel Number 162-11-025-A

Property Details

Property Type

Other

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Cross Street: Missouri & 16th Street
  • Property Type: Comm/Industry Lease
  • Zoning: C-2
  • Current Use: Office
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 12.0
  • Lease Info Annual Lse Prc P S F: 12.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1 - 5
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 2016
  • Year Built: 1975
  • Tax Year: 2014
  • Directions: Hwy 51 and Colter, Highland or Bethany Home west to 16th Street
  • Attribution Contact: 480-510-4555
  • Road Surface Type: Asphalt, Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: lgry01
  • Co List Office Phone: 480-510-4555
  • Subdivision Name: El Dorado Square
  • Structure Type: Office
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Brick
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 30.0
  • Open Parking Spaces: 48.0
  • Total Parking Spaces: 78.0
  • General Property Description:Covered Parking Spcs: 30.0
  • General Property Description:Uncvrd Parking Spcs: 48.0
  • General Property Description:Total Parking Spcs: 78.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Natural Gas
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Lot Info

  • Additional Parcels: No
  • Parcel #: 162-11-025-A

Rental Info

  • Available Date: 2015-01-15

Multi Family

  • Leasable Area: 1070.0

Tax Info

  • Tax Annual Amount: 24397.0
  • Tax Book Number: 162.00
  • Tax Map Number: 11.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2018
Sold by
Ulan Family Limited Partnership L L P
Bought by
El Dorado Square Offices Llc
Current Estimated Value
$4,790,777

Purchase Details

Closed on
May 31, 2007
Sold by
Sasinowski Neil E and Sasinowski Mary
Bought by
Olan Family Lp Llp

Purchase Details

Closed on
Nov 21, 2002
Sold by
Presson Advisory Llc
Bought by
Sasinowski Neil E and Sasinowski Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 1995
Sold by
Deseret Sales Inc
Bought by
Presson Advisory Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
8.77%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 9, 1994
Sold by
Richards Melvin E
Bought by
On Queue Inc
Source: Public Records

Range of Values:

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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
El Dorado Square Offices Llc -- None Available
Olan Family Lp Llp $2,750,000 None Available
Sasinowski Neil E $1,850,000 Stewart Title & Trust
Presson Advisory Llc $680,000 Security Title Agency
On Queue Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sasinowski Neil E $1,050,000
Previous Owner Presson Advisory Llc $530,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2015 11/24/15 Sold $1,070 -2.2% $1 / Sq Ft
11/24/2015 11/24/15 Pending -- -- --
09/05/2013 09/05/13 For Sale $1,094 -- $1 / 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 $30,161 $235,480 -- --
2024 $30,243 $231,275 -- --
2023 $30,243 $565,726 $260,797 $304,929
2022 $30,204 $379,803 $199,745 $180,058
2021 $31,336 $386,244 $205,452 $180,792
2020 $30,848 $338,868 $152,856 $186,012
2019 $30,168 $251,280 $142,218 $109,062
2018 $29,429 $239,796 $134,046 $105,750
2017 $28,042 $215,676 $130,140 $85,536
2016 $27,075 $226,062 $103,176 $122,886
2015 $25,845 $182,003 $95,423 $86,580
Source: Public Records

Agents Affiliated with this Home

  • Timothy Schutt

    Seller's Agent in 2015

    Timothy Schutt

    Wrangler Real Estate

    (520) 591-0027

    12 in this area

    1,601 Total Sales

    Timothy Schutt
    Section Image
  • Richard Schutt

    Seller Co-Listing Agent in 2015

    Richard Schutt

    Wrangler Real Estate

    (480) 313-2246

    4 in this area

    1,141 Total Sales

    Richard Schutt
    Section Image

  • N

    Buyer's Agent in 2015

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4993747

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-11-025A

Arizona Maricopa County Phoenix 85014 Camelback East Village

5320 N 16th St Unit 114, Phoenix, AZ

This home is located at 5320 N 16th St Unit 114, Phoenix, AZ 85016 since 05 September 2013 and is currently estimated at $4,790,777, approximately $4,477 per square foot. This property was built in 1975. 5320 N 16th St Unit 114 is a home located in Maricopa County with nearby schools including Madison Rose Lane Elementary School, Madison No. 1 Middle School, and Phoenix Coding Academy.

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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