NOT LISTED FOR SALE

5402 S 40th St Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $2,148,092

-- Bed
-- Bath
9,644 Sq Ft
$223/Sq Ft Est. Value

Last Sold May 10, 2023

Last sale price $2,000,000 $207 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $13,007/month

87 Days on Market

Highlights

  • 0.59 Acre Lot
  • Cooling Available
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of May 2023

±9,644 SF industrial building located in central Phoenix. The property features a two-story, 4,544 SF of office space along with 5,100 SF of warehouse space. The property also features solar panels and is situated on a secured 25,850 SF lot.

Last Agent to Sell the Property

Blake Mallery

Compass License #SA680838000 Listed on: 12/13/2022

Compass

Co-Listed By

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000

Last Buyer's Agent

Jim Lieberthal

Cutler Commercial License #BR516852000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $22,248

Year Built

  • Built in 1985

Lot Details

  • 0.59 Acre Lot
  • Property is zoned CP/GCP

Home Design

  • 9,644 Sq Ft Home

Parking

  • 18 Parking Spaces
  • 18 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Eaton 40Th Street Business Park Subdivision
  • Operating Expense $22,248

Listing and Financial Details

  • Tax Lot 66
  • Assessor Parcel Number 122-76-094

Property Details

Property Type

Other

Est. Annual Taxes

$22,248

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Roeser Rd and 40th St
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: CP/GCP
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2021
  • Directions: Heading West on I-10 take exit 152 for 40th St, turn left onto 40th St, the property will be on your right.
  • Lot Size Acres: 0.59
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: EATON 40TH STREET BUSINESS PARK
  • Structure Type: Other (See Remarks), Distribution/Warehse
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 9644.0

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 18.0
  • Parking Features: Other
  • Attached Garage: No
  • Total Parking Spaces: 18.0
  • General Property Description:Covered Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0

Utilities

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

Lot Info

  • Lot Size Sq Ft: 25850.0
  • Parcel #: 122-76-094

Multi Family

  • Annual Operating Expense: 22248.0

Tax Info

  • Tax Annual Amount: 22248.0
  • Tax Book Number: 122.00
  • Tax Lot: 66
  • Tax Map Number: 76.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2022
Closed on
May 9, 2023
Sold by
Green Home Rentals Llc
Bought by
Ravine Properties Llc
Seller's Agent
Blake Mallery
Compass
Buyer's Agent
Jim Lieberthal
Cutler Commercial
List Price
$2,150,000
Sold Price
$2,000,000
Premium/Discount to List
-$150,000
-6.98%
Views
1
Current Estimated Value
$2,148,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,092
Avg. Annual Appreciation
3.90%
Original Mortgage
$1,332,500
Outstanding Balance
$1,295,651
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$902,607

Purchase Details

Closed on
Oct 4, 2022
Sold by
Kirkland Charles
Bought by
Kirkland Charles and Kirkland-Lopez George

Purchase Details

Closed on
Aug 17, 2020
Sold by
Green Home Holdings Llc
Bought by
Green Home Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,920,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 2016
Sold by
Mt Greenback Llc
Bought by
Green Home 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
$980,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 2015
Sold by
Kevin Brudi Llc
Bought by
Mt Greenback Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 2006
Sold by
South 40Th Llc
Bought by
Kevin Brudi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,031,100
Interest Rate
6.53%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2003
Sold by
Stephens Keith O and Stephens Elizabeth
Bought by
South 40Th Llc
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
Ravine Properties Llc $2,000,000 Kensington Vanguard National L
Kirkland Charles -- None Listed On Document
Green Home Rentals Llc -- Chicago Title Agency
Green Home Holdings Llc $1,100,000 First Arizona Title Agency
Mt Greenback Llc $760,000 Empire West Title Agency
Kevin Brudi Llc $1,050,000 Fidelity National Title
South 40Th Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ravine Properties Llc $1,332,500
Closed Ravine Properties Llc $1,066,000
Previous Owner Green Home Rentals Llc $1,920,000
Previous Owner Green Home Holdings Llc $980,000
Previous Owner Mt Greenback Llc $702,000
Previous Owner Kevin Brudi Llc $1,031,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2023 05/10/23 Sold $2,000,000 -7.0% $207 / Sq Ft
03/10/2023 03/10/23 Pending -- -- --
12/13/2022 12/13/22 For Sale $2,150,000 -- $223 / 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 $20,896 $138,590 -- --
2024 $21,014 $136,115 -- --
2023 $21,014 $196,061 $40,409 $155,652
2022 $21,199 $176,120 $39,305 $136,815
2021 $22,248 $172,008 $36,936 $135,072
2020 $21,973 $158,328 $31,140 $127,188
2019 $21,263 $142,848 $30,168 $112,680
2018 $20,691 $130,392 $28,872 $101,520
2017 $19,720 $106,434 $26,730 $79,704
2016 $18,756 $106,776 $24,750 $82,026
2015 $18,146 $115,089 $23,477 $91,612
Source: Public Records

Agents Affiliated with this Home

  • Blake Mallery

    Seller's Agent in 2023

    Blake Mallery

    Compass

    (602) 851-7677

    3 in this area

    37 Total Sales

    Blake Mallery
    Section Image

  • B

    Seller Co-Listing Agent in 2023

    Beth Jo Zeitzer

    R.O.I. Properties

    Section Image
  • Jim Lieberthal

    Buyer's Agent in 2023

    Jim Lieberthal

    Cutler Commercial

    (480) 427-1002

    2 in this area

    84 Total Sales

    Jim Lieberthal
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6498321

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-76-094

Arizona Maricopa County Phoenix 85040 South Mountain

5402 S 40th St, Phoenix, AZ

This home is located at 5402 S 40th St, Phoenix, AZ 85040 since 13 December 2022 and is currently estimated at $2,148,092, approximately $222 per square foot. This property was built in 1985. 5402 S 40th St is a home located in Maricopa County with nearby schools including Cloves C. Campbell, Sr. Elementary School, South Mountain High 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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