NOT LISTED FOR SALE

55 E Lexington Ave Phoenix, AZ 85012

Midtown Phoenix Neighborhood

Estimated Value: $459,501

Studio
-- Bath
1,391 Sq Ft
$330/Sq Ft Est. Value

Last Sold February 05, 2018

Last sale price $265,000 $191 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,908/month

15 Days on Market

Highlights

  • Meeting Room
  • 4-minute walk to Osborn/Central Ave
  • Partially Fenced Property
  • Phoenix Coding Academy Rated A
  • Central Air
  • Heating Available

About This Home

As of February 2018

OPPORTUNITY TO OWN OFFICE SPACE IN MIDTOWN. 5 offices, reception area, waiting room, and storage. Property has parking lot large enough for 10 spaces. Great location close to park Central Mal. Lots of restaurants and the Light Rail. Built in 1950, renovated 2013. Also for lease at $15.00 per SF, Modified Gross.

Last Agent to Sell the Property

David Genovese

Avison Young License #BR032969000 Listed on: 11/07/2017

Last Buyer's Agent

David Genovese

Avison Young License #BR032969000 Listed on: 11/07/2017

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,579

Year Built

  • Built in 1950

Lot Details

  • 9,230 Sq Ft Lot
  • Partially Fenced Property
  • Property is zoned R-S

Home Design

  • 1,391 Sq Ft Home
  • Wood Frame Construction
  • Metal Siding

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 118-34-025

Community Details

Overview

  • Buena Vista Park Subdivision

Amenities

  • Meeting Room
  • Reception Area

Property Details

Property Type

Other

Est. Annual Taxes

$5,579

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: E/SEC E. Lexington Avenue & N. 1st Place.
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: R-S
  • Current Use: Medical/Dental, Office
  • Number Of Buildings: 1
  • Year Built: 1950
  • Tax Year: 2017
  • Lot Size Acres: 0.21
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: BUENA VISTA PARK
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: Partial
  • Construction Type: Frame - Wood, Metal Siding
  • Roof: Other, See Remarks
  • Construction:Metal: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Reception Room
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes

Lot Info

  • Lot Size Sq Ft: 9230.0
  • Additional Parcels: No
  • Parcel #: 118-34-025
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5579.0
  • Tax Book Number: 118.00
  • Tax Lot: 10
  • Tax Map Number: 34.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2017
Closed on
Jan 29, 2018
Sold by
Penalosa & Associates
Bought by
B & R Rei Llc
Seller's Agent
David Genovese
Avison Young
Buyer's Agent
David Genovese
Avison Young
List Price
$265,000
Sold Price
$265,000
Current Estimated Value
$459,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,501
Avg. Annual Appreciation
7.20%
Original Mortgage
$250,000
Outstanding Balance
$211,461
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$249,102

Purchase Details

Listed on
Oct 24, 2012
Closed on
Mar 7, 2013
Sold by
One West Oakland Llc
Bought by
Penalosa & Associates Pc
Seller's Agent
Thomas Ellis
Ellis/Arnold & Associates L.L.C.
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$225,000
Sold Price
$218,250
Premium/Discount to List
-$6,750
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.11%
Original Mortgage
$112,500
Interest Rate
3.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2011
Sold by
Groppenbacher Enterprises Ltd
Bought by
One West Oakland Llc

Purchase Details

Closed on
Sep 27, 2011
Sold by
Ebeling Margaret A
Bought by
One West Oakland Llc

Purchase Details

Closed on
Mar 24, 2004
Sold by
Ebeling Leslie G and Ebeling Margaret A
Bought by
Ebeling Leslie G and Ebeling Margaret A

Purchase Details

Closed on
May 4, 2000
Sold by
Capa Mehmet H
Bought by
Ebeling Leslie G and Ebeling Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,600
Interest Rate
8.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 1999
Sold by
Capa Sema Zerrin
Bought by
Capa Mehmet H

Purchase Details

Closed on
Jul 29, 1996
Sold by
Kowalczyk Ralph Edward
Bought by
Kowalczyk Maureen Clare
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
B & R Rei Llc $265,000 Magnus Title Agency
Penalosa & Associates Pc $218,250 Great American Title Agency
One West Oakland Llc -- None Available
One West Oakland Llc -- None Available
Ebeling Margaret A -- None Available
Ebeling Leslie G -- --
Ebeling Leslie G $114,000 Old Republic Title Agency
Capa Mehmet H -- Fidelity Title
Capa Mehmet H $105,000 Fidelity Title
Kowalczyk Maureen Clare -- --
Higgins Genevieve R -- --
Belcher Jo Ann -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open B & R Rei Llc $250,000
Previous Owner Penalosa & Associates Pc $112,500
Previous Owner Ebeling Leslie G $102,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/05/2018 02/05/18 Sold $265,000 0.0% $191 / Sq Ft
11/06/2017 11/06/17 For Sale $265,000 +21.4% $191 / Sq Ft
04/11/2013 04/11/13 Sold $218,250 -3.0% $148 / Sq Ft View Prior Sale
01/02/2013 01/02/13 Pending -- -- --
10/24/2012 10/24/12 For Sale $225,000 -- $153 / 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 $6,347 $48,873 -- --
2024 $6,295 $48,000 -- --
2023 $6,295 $88,978 $72,165 $16,813
2022 $6,444 $69,283 $53,760 $15,523
2021 $6,741 $74,340 $55,296 $19,044
2020 $6,570 $70,632 $54,162 $16,470
2019 $6,285 $64,656 $50,616 $14,040
2018 $6,077 $41,886 $24,498 $17,388
2017 $5,579 $39,510 $25,524 $13,986
2016 $5,382 $35,442 $23,202 $12,240
2015 $5,186 $34,984 $23,162 $11,822
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    David Genovese

    Avison Young

    Section Image

  • T

    Seller's Agent in 2013

    Thomas Ellis

    Ellis/Arnold & Associates L.L.C.

    Section Image

  • C

    Seller Co-Listing Agent in 2013

    Clay Arnold

    Ellis/Arnold & Associates L.L.C.

    Section Image

  • N

    Buyer's Agent in 2013

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5684400

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-34-025

Arizona Maricopa County Phoenix 85012 Midtown Phoenix

55 E Lexington Ave, Phoenix, AZ

Not Listed for Sale

Other

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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