NOT LISTED FOR SALE

6032 E Cave Creek Rd Cave Creek, AZ 85331

-- Bed
-- Bath
9,650 Sq Ft
1.1 Acres

Last Sold January 06, 2021

Last sale price $1,340,000 $139 Per Sq Ft

201 Days on Market

Highlights

  • 1.1 Acre Lot
  • Central Air
  • Concrete Flooring
  • Black Mountain Elementary School Rated A-

About This Home

As of January 2021

Excellent Investment Opportunity. Town Core Commercial property, first floor of approximately 9,390 square feet is 100% leased long term. Second floor is an enclosed patio currently used only for storage with approximately 1,350 square feet of future leasable space subject to Town of Cave Creek Building Permits. New Foam roof! DO NOT DISTURB TENANTS! FINANCIAL INFORMATION AVAILABLE ON QUALIFIED REQUEST

Last Agent to Sell the Property

Jeff Dunn

Tri Phoenix License #BR013984000 Listed on: 06/21/2020

Last Buyer's Agent

Jeff Dunn

Tri Phoenix License #BR013984000 Listed on: 06/21/2020

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,323

Year Built

  • Built in 2000

Lot Details

  • 1.1 Acre Lot
  • Property is zoned Commercial TCC

Home Design

  • Built-Up Roof
  • Foam Roof
  • Block Exterior

Interior Spaces

  • 9,650 Sq Ft Home
  • Concrete Flooring

Parking

  • 57 Open Parking Spaces
  • 57 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Operating Expense $9,323
  • Gross Income $152,000
  • Net Operating Income $152,000

Listing and Financial Details

  • Tax Lot 211-08-048L
  • Assessor Parcel Number 211-08-048-L

Property Details

Property Type

Other

Est. Annual Taxes

$9,323

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: Commercial TCC
  • Current Use: Retail
  • Number Of Buildings: 1
  • Year Built: 2000
  • Tax Year: 2019
  • Lot Size Acres: 1.1
  • Structure Type: Commercial
  • Tax Parcel Letter: L
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Block, Other, See Remarks
  • Roof: Built-Up, Foam
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 57.0
  • Total Parking Spaces: 57.0
  • General Property Description:Uncvrd Parking Spcs: 57.0
  • General Property Description:Total Parking Spcs: 57.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Central A/C
  • Heating: Heat Pump
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 48090.0
  • Additional Parcels: No
  • Parcel #: 211-08-048-L
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 152000.0
  • Property Net Operating Income: 152000.0
  • Annual Operating Expense: 9323.0

Tax Info

  • Tax Annual Amount: 9323.0
  • Tax Book Number: 211.00
  • Tax Lot: 211-08-048L
  • Tax Map Number: 8.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2020
Closed on
Jan 11, 2021
Sold by
East Cave Creek Road Property Llc
Bought by
Abundance Az Llc
Seller's Agent
Jeff Dunn
Tri Phoenix
Buyer's Agent
Jeff Dunn
Tri Phoenix
List Price
$1,595,000
Sold Price
$1,340,000
Premium/Discount to List
-$255,000
-15.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Outstanding Balance
$322,165
Interest Rate
2.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2018
Sold by
East Cave Creek Road Property Llc
Bought by
Gtmaz Llc
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 Buyer Sale Price Title Company
Abundance Az Llc $1,700,000 Grand Canyon Title Agency
Gtmaz Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abundance Az Llc $360,000
Open Abundance Az Llc $640,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2021 01/06/21 Sold $1,340,000 -16.0% $139 / Sq Ft
12/11/2020 12/11/20 Pending -- -- --
05/24/2020 05/24/20 For Sale $1,595,000 -- $165 / 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 $2,771 $58,167 -- --
2024 $2,705 $57,128 -- --
2023 $2,705 $93,211 $86,275 $6,936
2022 $2,730 $87,273 $80,763 $6,510
2021 $3,063 $89,730 $83,070 $6,660
2020 $3,013 $70,236 $63,612 $6,624
2019 $2,518 $72,116 $60,560 $11,556
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jeff Dunn

    Tri Phoenix

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6093588

Arizona Regional Multiple Listing Service (ARMLS)

APN: 211-08-048M

Arizona Maricopa County Cave Creek 85331

6032 E Cave Creek Rd, Cave Creek, AZ

This home is located at 6032 E Cave Creek Rd, Cave Creek, AZ 85331 since 21 June 2020. This property was built in 2000. 6032 E Cave Creek Rd is a home located in Maricopa County with nearby schools including Black Mountain Elementary School, Cactus Shadows High School, and Sonoran Trails Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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