NOT LISTED FOR SALE

Estimated Value: $1,798,197

Studio
-- Bath
6,440 Sq Ft
$279/Sq Ft Est. Value

Last Sold February 12, 2013

Last sale price $675,000 $105 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $10,085/month

10 Days on Market

Highlights

  • Central Air
  • Madison Richard Simis School Rated A-
  • Heating System Uses Natural Gas

About This Home

As of February 2013

100% occupied**most tenants are month to month and many are long term tenants with the two major tenants being in the building over 13 years**Full Service building**Owner has slated many improvements including replacing the last two older AC units; recoating the roof with 5 year warranty; repaving the parking lot and drive; upgrading the landscaping watering system; ETC

Last Agent to Sell the Property

Jim McCabe

Fathom Realty Elite License #SA016183000 Listed on: 10/30/2012

Fathom Realty Elite

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,311

Year Built

  • Built in 1960

Lot Details

  • 0.38 Acre Lot
  • Block Wall Fence
  • Property is zoned C-2

Home Design

  • 6,440 Sq Ft Home
  • Built-Up Roof
  • Block Exterior
  • Stucco

Parking

  • 11 Open Parking Spaces
  • 23 Parking Spaces
  • 12 Covered Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Operating Expense $32,289
  • Net Operating Income $64,595

Listing and Financial Details

  • Tax Lot A
  • Assessor Parcel Number 162-35-062-E

Property Details

Property Type

Other

Est. Annual Taxes

$8,311

Year Built

Built in 1960

Lot Details

0.38 Acres

Listing Details

  • Cross Street: 7th Street and Missouri
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Current Use: Office
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2012
  • Lot Size Acres: 0.38
  • Subdivision Name: TBD
  • Structure Type: Office
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Block
  • Construction Type: Stucco, Block
  • Roof: See Remarks, Built-Up
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Open Parking Spaces: 11.0
  • Total Parking Spaces: 23.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Uncvrd Parking Spcs: 11.0
  • General Property Description:Total Parking Spcs: 23.0
  • Parking:Private Parking: Yes

Utilities

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

Fee Information

  • Annual Fuel Expense: 456.0
  • Trash Expense: 660.0
  • Annual Water Sewer Expense: 480.0

Lot Info

  • Lot Size Sq Ft: 16361.0
  • Additional Parcels: No
  • Parcel #: 162-35-062-E
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 14712.0
  • Insurance Expense: 1805.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 64595.0
  • Annual Operating Expense: 32289.0

Tax Info

  • Tax Annual Amount: 8311.0
  • Tax Book Number: 162.00
  • Tax Lot: A
  • Tax Map Number: 35.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2023
Sold by
608 Missouri Llc
Bought by
608 Missouri Office Llc
Current Estimated Value
$1,798,197

Purchase Details

Listed on
Oct 30, 2012
Closed on
Jan 26, 2013
Sold by
Pastrone Giovanni and Pastrone Mildred Mary
Bought by
608 Missouri Llc
Seller's Agent
Jim McCabe
Fathom Realty Elite
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$675,000
Sold Price
$675,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Original Mortgage
$337,500
Interest Rate
3.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2012
Sold by
Potter Tracy and Knight Gergory R
Bought by
Pastrone Giovanni and Pastrone Mildred Mary

Purchase Details

Closed on
Mar 16, 2007
Sold by
Foley Eugene Frank
Bought by
Eugene Frank Foley Revocable Trust

Purchase Details

Closed on
Sep 20, 2004
Sold by
Aristone Precast Llp
Bought by
Foley Eugene F and Pastrone Giovanni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2004
Sold by
Foley Joan
Bought by
Foley Eugene F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2001
Sold by
Everett James J and Everett Kodi G
Bought by
Aristone Precast Llp

Purchase Details

Closed on
Jul 31, 1997
Sold by
Bmr International Ii Llc
Bought by
Everett James J and Everett Kodi G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,250
Interest Rate
7.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 27, 1995
Sold by
Ong Gloria Wing and Wing David S
Bought by
Bmr International Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.97%
Mortgage Type
Seller Take Back
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
608 Missouri Office Llc $1,725,000 Stewart Title & Trust Of Phoen
608 Missouri Llc $675,000 First American Title Ins Co
Pastrone Giovanni $150,000 Chicago Title
Eugene Frank Foley Revocable Trust -- None Available
Foley Eugene F $655,000 Transnation Title
Foley Eugene F -- Transnation Title
Aristone Precast Llp $605,000 Capital Title Agency
Everett James J $317,500 Chicago Title Insurance Co
Bmr International Ii Llc $240,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 608 Missouri Llc $337,500
Previous Owner Foley Eugene F $180,000
Previous Owner Everett James J $222,250
Previous Owner Bmr International Ii Llc $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2013 02/12/13 Sold $675,000 0.0% $105 / Sq Ft
11/01/2012 11/01/12 Pending -- -- --
10/22/2012 10/22/12 For Sale $675,000 -- $105 / 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 $9,868 $75,748 -- --
2024 $9,728 $74,395 -- --
2023 $9,728 $109,905 $76,942 $32,963
2022 $9,716 $131,251 $78,383 $52,868
2021 $10,080 $134,532 $80,622 $53,910
2020 $9,923 $105,318 $74,916 $30,402
2019 $9,704 $96,462 $69,030 $27,432
2018 $9,466 $86,112 $56,862 $29,250
2017 $9,021 $73,512 $55,206 $18,306
2016 $8,709 $63,522 $43,416 $20,106
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4842300

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-35-062E

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