NOT LISTED FOR SALE

Estimated Value: $514,555

Studio
-- Bath
6,684 Sq Ft
$77/Sq Ft Est. Value

Last Sold July 01, 2019

Last sale price $307,000 $46 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,309/month

262 Days on Market

Highlights

  • 0.32 Acre Lot
  • Cooling Available
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of July 2019

Unbelievable price per square foot. ASA appraised on August,2017 for $470,000!
Asking price is low because property needs cosmetic work in order to be in condition to maximize income. Good opportunity for up swing in price.

Leases are month/month, except billboard ($1,300 per year) is longer. Financial information is owner supplied.
Document section includes pages from appraisal and diagram of current interior configuration. Listing is for southern portion of whole building-not the part with tile facade.
Accurate addressing for property is 5702, 5704, 5706, and 5708 N. 27th Avenue. Source of building and land square footage is appraisal and tax assessor.
Give ample time for offer response, multiple parties on title.

Last Agent to Sell the Property

Don Vander Giessen

HomeSmart License #BR004507000 Listed on: 12/08/2018

HomeSmart

Last Buyer's Agent

Nancy Cotton

Fathom Realty Elite License #BR529361000

Fathom Realty Elite

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,782

Year Built

  • Built in 1953

Lot Details

  • 0.32 Acre Lot
  • Chain Link Fence
  • Property is zoned C-2

Home Design

  • 6,684 Sq Ft Home
  • Foam Roof
  • Block Exterior

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 153-04-008

Community Details

Overview

  • Cavalier Parkway Subdivision

Building Details

  • Operating Expense $11,152
  • Gross Income $33,689
  • Net Operating Income $22,621

Property Details

Property Type

Other

Est. Annual Taxes

$6,782

Year Built

Built in 1953

Lot Details

0.32 Acres

Listing Details

  • Cross Street: MONTEBELLO AND 27TH AVENEUE
  • Legal Info Range: 2E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2018
  • Lot Size Acres: 0.32
  • Subdivision Name: Cavalier Parkway
  • Structure Type: Commercial
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 6684.0

Exterior Features

  • Fencing: Chain Link
  • Disclosures: None
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking Features Paved Parking: Yes

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 14059.0
  • Parcel #: 153-04-008

Multi Family

  • Annual Gross Income: 33688.9
  • Insurance Expense: 3498.0
  • Maintenance Expense: 540.0
  • Property Net Operating Income: 22621.0
  • Annual Operating Expense: 11152.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 6782.0
  • Tax Book Number: 153.00
  • Tax Lot: 9
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2018
Sold by
Tom George
Bought by
Gregory Ann M
Current Estimated Value
$514,555

Purchase Details

Closed on
Jun 15, 2017
Sold by
Wong Walter
Bought by
Wong Walter

Purchase Details

Closed on
Mar 30, 2001
Sold by
Wong Zee Yee
Bought by
Wong Zee Yee
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
Gregory Ann M $307,000 Security Title Agency Inc
Wong Walter -- None Available
Wong Zee Yee -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2019 07/01/19 Sold $307,000 -9.7% $46 / Sq Ft
05/30/2019 05/30/19 Pending -- -- --
12/08/2018 12/08/18 For Sale $339,900 0.0% $51 / Sq Ft
11/27/2018 11/27/18 Pending -- -- --
11/02/2018 11/02/18 Price Changed $339,900 -7.9% $51 / Sq Ft
09/10/2018 09/10/18 For Sale $369,000 -- $55 / 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 $7,580 $47,944 -- --
2024 $7,353 $47,088 -- --
2023 $7,353 $65,501 $20,162 $45,339
2022 $7,452 $65,381 $23,643 $41,738
2021 $7,737 $66,006 $24,318 $41,688
2020 $7,438 $64,422 $23,148 $41,274
2019 $7,346 $62,478 $22,104 $40,374
2018 $6,782 $61,974 $23,976 $37,998
2017 $6,697 $52,866 $23,274 $29,592
2016 $6,415 $46,314 $19,980 $26,334
2015 $6,240 $36,464 $16,521 $19,943
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5818279

Arizona Regional Multiple Listing Service (ARMLS)

APN: 153-04-008

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