NOT LISTED FOR SALE

Estimated Value: $617,819

Studio
-- Bath
5,001 Sq Ft
$124/Sq Ft Est. Value

Last Sold October 19, 2018

Last sale price $400,000 $80 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,850/month

88 Days on Market

Highlights

  • 0.27 Acre Lot
  • Central Air
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of October 2018

Great Commercial area close to Freeway and Hospital. The building is 5,000 Square feet and split into 3 different offices with 3 different Tenants. Anchor Tenant is a Dental office of 2579 Square feet +o-. The second tenant is an internal medicine doctor with Approx 1,381 square feet, and the third tenant is an accounting office of approximately 700 square feet and the balance of the square feet area is shared bathrooms and storage. The offices are in excellent condition and the building has been managed by the owner for the majority of the time. Shared parking gives you unlimited parking potential. Good income for the investment.

Last Agent to Sell the Property

Tom Gibson

DPR Realty LLC License #SA029042000 Listed on: 06/05/2018

DPR Realty LLC

Last Buyer's Agent

Tom Gibson

DPR Realty LLC License #SA029042000 Listed on: 06/05/2018

DPR Realty LLC

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,653

Year Built

  • Built in 1986

Lot Details

  • 0.27 Acre Lot
  • Property is zoned C-G

Home Design

  • 5,001 Sq Ft Home
  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Stucco

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 141-57-098

Community Details

Overview

  • Royal Mall Parcel 1 4 Subdivision

Building Details

  • Gross Income $58,022
  • Net Operating Income $49,972

Property Details

Property Type

Other

Est. Annual Taxes

$7,653

Year Built

Built in 1986

Lot Details

0.27 Acres

Listing Details

  • Cross Street: Main Street and 63rd Street
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: C-G
  • Current Use: Medical/Dental, Office
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2017
  • Lot Size Acres: 0.27
  • Subdivision Name: ROYAL MALL PARCEL 1-4
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: None
  • Construction Type: Frame - Wood, Stucco
  • Roof: Built-Up, Foam
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 30.0
  • Total Parking Spaces: 30.0
  • General Property Description:Uncvrd Parking Spcs: 30.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Office A/C, Central A/C
  • Heating: Heat Pump, Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Fee Information

  • Trash Expense: 500.0
  • Annual Water Sewer Expense: 265.0

Lot Info

  • Lot Size Sq Ft: 11653.0
  • Additional Parcels: No
  • Parcel #: 141-57-098
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 58022.0
  • Insurance Expense: 600.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 49972.0

Tax Info

  • Tax Annual Amount: 7653.0
  • Tax Book Number: 141.00
  • Tax Lot: 2
  • Tax Map Number: 57.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2018
Closed on
Sep 26, 2018
Sold by
Alder Kari J and Alder Claudia G
Bought by
Silva David M and Silva Eileen C
Seller's Agent
Tom Gibson
DPR Realty LLC
Buyer's Agent
Tom Gibson
DPR Realty LLC
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%
Current Estimated Value
$617,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,819
Avg. Annual Appreciation
6.08%
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
Silva David M $400,000 American Title Service Agenc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2018 10/19/18 Sold $400,000 -11.1% $80 / Sq Ft
08/28/2018 08/28/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $450,000 -- $90 / Sq Ft
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 $8,118 $82,288 -- --
2024 $8,652 $80,819 -- --
2023 $8,652 $150,926 $22,712 $128,214
2022 $8,722 $141,208 $24,920 $116,288
2021 $9,081 $139,392 $20,322 $119,070
2020 $8,963 $126,918 $19,548 $107,370
2019 $8,374 $107,388 $17,568 $89,820
2018 $8,037 $68,868 $9,288 $59,580
2017 $7,798 $77,148 $8,604 $68,544
2016 $7,653 $65,502 $7,668 $57,834
2015 $7,392 $60,791 $5,994 $54,797
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5775578

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-57-098

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