$365,000
SOLD FEB 20, 2024
0.25 Acre
$1,460,000 Price per Acre
10,890 Sq Ft Lot

Recently Sold

12% Below List Price

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 # 6566589 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

REI Marketing License #BR107286000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,681

Lot Details

  • 0.25 Acre 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

  • Assessor Parcel Number 128-25-119-C

Property Details

Property Type

Land

Est. Annual Taxes

$2,681

Lot Details

0

Listing Details

  • Cross Street: 56th St & Indian School
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Raw Land, Plans Included
  • Zoning: R-3
  • Tax Year: 2022
  • Directions: South on 56th Street, turn right on Earll (next to Great Hearts - Veritas), lots will be on left side.
  • Attribution Contact: 480-363-3641
  • Lot Size Acres: 0.25
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: C
  • 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-C
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2681.0
  • Tax Book Number: 128.00
  • Tax Lot: -
  • Tax Map Number: 25.00

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
REI Marketing
List Price
$415,000
Sold Price
$365,000
Premium/Discount to List
-$50,000
-12.05%
Views
54
Current Estimated Value
$1,388,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,023,119
Avg. Annual Appreciation
139.12%
Original Mortgage
$752,963
Outstanding Balance
$741,872
Interest Rate
6.62%
Mortgage Type
Construction
Estimated Equity
$550,214
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 Type Sale Price Title Company
Warranty Deed $730,000 Grand Canyon Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $752,963 Construction
Closed $225,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 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 $1,695 $21,570 $21,570 --
2024 $1,354 $20,543 $20,543 --
2023 $1,354 $34,253 $34,253 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6566591

Arizona Regional Multiple Listing Service (ARMLS)

APN: 128-25-119C