NOT LISTED FOR SALE

Estimated Value: $1,233,913 - $1,895,000

0.12 Acre
$11,714,400 Price per Acre
5,410 Sq Ft Lot

Last Sold February 20, 2024

Last sale price $365,000

Est. 285% increase in value since last sale

Current estimated payment $7,495/month

38 Days on Market

About This Lot

As of February 2024

Incredible development opportunity in lower Arcadia. Walking distance to Great Hearts - Veritas & Arizona Country Club as well as close proximity to amazing restaurants, nightlife, active lifestyle, Sky Harbor Airport, & Freeway access. 10,820 SqFt lot that has been split into two 5,410 SqFt lots. Plans available for two single family residences on each lot (View Renderings). A rare opportunity to build right away and limit your waiting period. Lots available individually or together. See MLS # 6566591 for other parcel.

Last Agent to Sell the Property

Julie Corley

Cambridge Properties Brokerage Phone: 480-363-3641 License #SA641768000 Listed on: 06/08/2023

Last Buyer's Agent

Craig Young

Real Broker License #BR107286000

Real Broker

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,681

Lot Details

  • 5,410 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned R-3

Eco-Friendly Details

  • North or South Exposure

Schools

  • Tavan Elementary School
  • Ingleside Middle School
  • Arcadia High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 128-25-119-B

Property Details

Property Type

Land

Est. Annual Taxes

$2,681

Lot Details

0

Listing Details

  • Cross Street: 56th St & Indian School
  • Property Type: Land
  • Development Status: Raw Land, Plans Included
  • Zoning: R-3
  • Tax Year: 2022
  • Horses: No
  • Lot Size Acres: 0.12
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Fencing: Block
  • Lot Features: North/South Exp
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Tavan Elementary School
  • High School: Arcadia High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Ingleside Middle School

Lot Info

  • Lot Size: 131.17' x 80'
  • Lot Size Sq Ft: 5410.0
  • Additional Parcels: No
  • Parcel #: 128-25-119-B

Tax Info

  • Tax Annual Amount: 2681.0
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2023
Closed on
Feb 20, 2024
Sold by
Moore Russell E
Bought by
Irh Llc
Seller's Agent
Julie Corley
Cambridge Properties
Buyer's Agent
Craig Young
Real Broker
List Price
$415,000
Sold Price
$365,000
Premium/Discount to List
-$50,000
-12.05%
Views
23
Current Estimated Value
$1,405,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,040,728
Avg. Annual Appreciation
96.91%
Original Mortgage
$752,963
Outstanding Balance
$738,201
Interest Rate
6.62%
Mortgage Type
Construction
Estimated Equity
$667,527
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
Irh Llc $730,000 Grand Canyon Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Irh Llc $752,963
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2024 02/20/24 Sold $365,000 -12.0% --
07/18/2023 07/18/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $415,000 -- --
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 $2,345 $21,631 $21,631 --
2024 $1,358 $20,601 $20,601 --
2023 $1,358 $34,358 $34,358 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6566589

Arizona Regional Multiple Listing Service (ARMLS)

APN: 128-25-119B