NOT LISTED FOR SALE

Estimated Value: $1,460,801

1 Bed
-- Bath
11,893 Sq Ft
$123/Sq Ft Est. Value

Last Sold January 08, 2020

Last sale price $935,000 $79 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $9,219/month

161 Days on Market

About This Home

As of January 2020

• Located in a Very Sought After Opportunity Zone
• For Sale: $1,011,000.00 ($85.00 PSF)
• For Lease: $11.00 PSF Modified Gross
• 11,893 SF 3-Stories (with Basement)
• 0.63 Acres (27,442 SF)
• 2,900 SF Basement, 5,075 SF 1st floor, 2,600 SF
2nd Floor
• Former Bank Branch with Two Vaults
• Great Building Signage
• Zoning - C-0 City of Phoenix
• Built in 1985

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 01/02/2020

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $16,453

Year Built

  • Built in 1985

Lot Details

  • 0.63 Acre Lot
  • Property is zoned C-0

Home Design

  • 11,893 Sq Ft Home

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces
  • Paved Parking

Community Details

  • Missouri Nineteen Lot 1 Subdivision
  • Operating Expense $16,453

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 153-23-177-A

Property Details

Property Type

Other

Est. Annual Taxes

$16,453

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: W Missouri Ave & N 19th Ave
  • Legal Info Range: 2E
  • Property Type: Comm/Industry Sale
  • Zoning: C-0
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 1985
  • Tax Year: 2018
  • Lot Size Acres: 0.63
  • Subdivision Name: MISSOURI NINETEEN LOT 1
  • Structure Type: Other (See Remarks)
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 11893.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:Paved Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 27442.0
  • Parcel #: 153-23-177-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 16452.6

Tax Info

  • Tax Annual Amount: 16452.6
  • Tax Book Number: 153.00
  • Tax Lot: 1
  • Tax Map Number: 23.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2020
Closed on
Jan 6, 2020
Sold by
Az Bell Rd Llc
Bought by
J & B Lee Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,011,000
Sold Price
$935,000
Premium/Discount to List
-$76,000
-7.52%
Current Estimated Value
$1,460,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$525,801
Avg. Annual Appreciation
8.27%
Original Mortgage
$738,000
Outstanding Balance
$523,506
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$936,466

Purchase Details

Closed on
May 16, 2012
Sold by
Washington Federal
Bought by
Az Bell Rd Llc

Purchase Details

Closed on
Dec 7, 2009
Sold by
Terry Tropico Holdings Llc
Bought by
Western National Bank

Purchase Details

Closed on
Nov 15, 2008
Sold by
Terry Tropico Holdings Llc
Bought by
Terry Tropico Holdings Llc

Purchase Details

Closed on
Nov 13, 2008
Sold by
Terry Tropico Holdings Llc
Bought by
Terry Tropico Holdings Llc

Purchase Details

Closed on
Nov 13, 2006
Sold by
Terry Tropico Holdings Llc
Bought by
Terry Tropico Holdings Llc

Purchase Details

Closed on
Aug 21, 2006
Sold by
Happy State Bank
Bought by
Terry Tropico 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
$935,000
Interest Rate
6.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2005
Sold by
Happy State Bank
Bought by
City Of Phoenix

Purchase Details

Closed on
Aug 31, 2004
Sold by
Colonial Trust Co
Bought by
Happy State Bank

Purchase Details

Closed on
Mar 10, 1995
Sold by
U S Financial Corp
Bought by
Colonial Trust Company Inc

Purchase Details

Closed on
Aug 2, 1993
Sold by
Sinclair Damian
Bought by
U S Financial Corp
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
J & B Lee Llc $935,000 Commonwealth Title
Az Bell Rd Llc $425,000 Chicago Title Agency Inc
Western National Bank -- None Available
Terry Tropico Holdings Llc -- None Available
Terry Tropico Holdings Llc -- None Available
Terry Tropico Holdings Llc -- Security Title Agency Inc
Terry Tropico Holdings Llc -- Security Title Agency Inc
Terry Tropico Holdings Llc $1,100,000 Scottsdale Title Co Llc
City Of Phoenix -- --
Happy State Bank $819,000 Stewart Title & Trust Of Pho
Colonial Trust Company Inc $515,000 Old Republic Title Agency
U S Financial Corp $629,418 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J & B Lee Llc $738,000
Previous Owner Terry Tropico Holdings Llc $935,000
Previous Owner Colonial Trust Co $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2020 01/08/20 Sold $935,000 -7.5% $79 / Sq Ft
01/02/2020 01/02/20 Price Changed $1,011,000 0.0% $85 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
06/10/2019 06/10/19 For Sale $1,011,000 -- $85 / 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 $15,125 $102,103 -- --
2024 $15,658 $100,279 -- --
2023 $15,658 $150,008 $49,317 $100,691
2022 $15,870 $116,410 $68,775 $47,635
2021 $16,477 $123,678 $70,740 $52,938
2020 $15,840 $90,000 $42,100 $47,900
2019 $16,427 $90,000 $42,100 $47,900
2018 $16,453 $97,128 $44,856 $52,272
2017 $16,245 $104,022 $43,560 $60,462
2016 $15,560 $96,516 $49,608 $46,908
2015 $15,136 $99,716 $36,612 $63,104
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5937941

Arizona Regional Multiple Listing Service (ARMLS)

APN: 153-23-177A