NOT LISTED FOR SALE

5849 W Citrus Way Glendale, AZ 85301

Estimated Value: $323,000 - $355,000

-- Bed
1 Bath
1,299 Sq Ft
$258/Sq Ft Est. Value

Last Sold August 10, 2018

Last sale price $175,000 $135 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $2,036/month

252 Days on Market

About This Home

As of August 2018

Great opportunity on Busy 59th Ave. Stand alone commercial building with loads of opportunities. Previously used as Hair salon but easily converted to retail or business use. Great access to property with entrances on 59th ave and citrus way. High exposure area with parking for at least 14 cars. Building is functional but dated. Roof and HVAC replaced in 2011.

Last Agent to Sell the Property

Shelly Berry

RE/MAX Fine Properties License #BR013807000 Listed on: 09/15/2017

Co-Listed By

Anthony Champy

RE/MAX Fine Properties License #SA110324000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $512

Year Built

  • Built in 1948

Lot Details

  • 8,400 Sq Ft Lot
  • Chain Link Fence
  • Property is zoned c-2

Home Design

  • 1,299 Sq Ft Home
  • Composition Roof
  • Block Exterior

Parking

  • 12 Open Parking Spaces
  • 14 Parking Spaces
  • 2 Covered Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Mirasol Estados Subdivision
  • Operating Expense $12,012

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 146-09-020

Property Details

Property Type

Other

Est. Annual Taxes

$512

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: Bethany Home/59th Ave
  • Legal Info Range: 2E
  • Property Type: Comm/Industry Sale
  • Zoning: c-2
  • Current Use: Service Business
  • Number Of Buildings: 1
  • Year Built: 1948
  • Tax Year: 2016
  • Lot Size Acres: 0.19
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: rmfp03
  • Co List Office Phone: 480-792-9500
  • Subdivision Name: MIRASOL ESTADOS
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Chain Link
  • Construction Type: Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 14.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Natural Gas
  • Water Source: City Franchise, Individual Meter
  • Heating:Natural Gas: Yes

Fee Information

  • Annual Fuel Expense: 600.0
  • Annual Water Sewer Expense: 2400.0

Lot Info

  • Lot Size Sq Ft: 8400.0
  • Additional Parcels: No
  • Parcel #: 146-09-020
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 5000.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 1500.0
  • Annual Operating Expense: 12012.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 512.0
  • Tax Book Number: 146.00
  • Tax Lot: 20
  • Tax Map Number: 9.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2017
Closed on
Aug 6, 2018
Sold by
Faye S Hair Graphics Inc
Bought by
Bencomo & Associates Corp
Seller's Agent
Shelly Berry
RE/MAX Fine Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$200,000
Sold Price
$175,000
Premium/Discount to List
-$25,000
-12.5%
Current Estimated Value
$335,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,764
Avg. Annual Appreciation
9.31%
Original Mortgage
$140,000
Outstanding Balance
$121,584
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$214,180

Purchase Details

Listed on
Sep 15, 2017
Closed on
Jul 26, 2018
Sold by
Cooper Danielle L
Bought by
Faye S Hair Graphics Inc
Seller's Agent
Shelly Berry
RE/MAX Fine Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$200,000
Sold Price
$175,000
Premium/Discount to List
-$25,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Outstanding Balance
$121,584
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$214,180

Purchase Details

Closed on
Aug 30, 2017
Sold by
Cooper Danielle L
Bought by
Fayes Hair Graphics Inc

Purchase Details

Closed on
Sep 7, 2012
Sold by
Fayes Hair Graphics Inc
Bought by
Fayes Hair Graphics Inc

Purchase Details

Closed on
Apr 24, 2006
Sold by
Cooper Alnetta Faye
Bought by
Fayes Hair Graphics Inc

Purchase Details

Closed on
Apr 16, 1996
Sold by
Cooper John Wesley
Bought by
Cooper Alnetta Faye
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Bencomo & Associates Corp $175,000 Security Title Agency Inc
Faye S Hair Graphics Inc -- Security Title Agency Inc
Fayes Hair Graphics Inc -- None Available
Fayes Hair Graphics Inc -- None Available
Fayes Hair Graphics Inc -- None Available
Cooper Alnetta Faye -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bencomo & Associates Corp $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2018 08/10/18 Sold $175,000 0.0% $135 / Sq Ft
07/25/2018 07/25/18 Off Market $175,000 -- --
07/23/2018 07/23/18 For Sale $200,000 0.0% $154 / Sq Ft
07/23/2018 07/23/18 Price Changed $200,000 0.0% $154 / Sq Ft
02/12/2018 02/12/18 Price Changed $200,000 -11.1% $154 / Sq Ft
09/15/2017 09/15/17 For Sale $225,000 +16945.5% $173 / Sq Ft
10/08/2014 10/08/14 Sold $1,320 -39.0% $1 / Sq Ft View Prior Sale
10/06/2014 10/06/14 Pending -- -- --
08/21/2013 08/21/13 For Sale $2,165 -- $2 / 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 $3,213 $23,161 -- --
2024 $3,010 $22,748 -- --
2023 $3,010 $34,340 $16,014 $18,326
2022 $567 $14,660 $2,930 $11,730
2021 $560 $13,350 $2,670 $10,680
2020 $565 $11,530 $2,300 $9,230
2019 $559 $10,020 $2,000 $8,020
2018 $538 $9,080 $1,810 $7,270
2017 $543 $7,610 $1,520 $6,090
2016 $512 $7,170 $1,430 $5,740
2015 $475 $5,500 $1,100 $4,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5660893

Arizona Regional Multiple Listing Service (ARMLS)

APN: 146-09-020