NOT LISTED FOR SALE

Estimated Value: $1,213,155

Studio
-- Bath
4,677 Sq Ft
$259/Sq Ft Est. Value

Last Sold May 24, 2019

Last sale price $759,000 $162 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $7,248/month

24 Days on Market

Highlights

  • Meeting Room
  • Central Air
  • Multiple Heating Units
  • Madison Richard Simis School Rated A-

About This Home

As of May 2019

This building is located in a prime rapidly appreciating location near 7th St. and Camelback. Existing owner is an insurance broker and occupying approximately 1,200 sqft. The owner is willing to lease back at market rent for an extended period or vacate if Buyer desires to occupy the complete building. Two story building with separate electric meters upstairs and down. The building is designed for three tenants - two tenants down and one upstairs. Ample parking. More parking available with a calculated restripe. Each of the two downstairs units consists of a reception area, three offices, one bath, and large storage room. The upstairs unit includes a reception area, conference room, large production area, work area, six offices, and two baths.

Last Agent to Sell the Property

Chris Durham

RE/MAX Excalibur License #BR517577000 Listed on: 03/04/2019

RE/MAX Excalibur

Last Buyer's Agent

Chris Durham

RE/MAX Excalibur License #BR517577000 Listed on: 03/04/2019

RE/MAX Excalibur

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,348

Year Built

  • Built in 1984

Lot Details

  • 8,321 Sq Ft Lot
  • Property is zoned C-2

Home Design

  • 4,677 Sq Ft Home
  • Wood Frame Construction
  • Built-Up Roof

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces

Utilities

  • Central Air
  • Multiple Heating Units
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 39
  • Assessor Parcel Number 162-21-035

Community Details

Amenities

  • Meeting Room
  • Reception Area

Additional Features

  • Cuesta Vista Lot 8 25, 45 52 Subdivision
  • Operating Expense $10,348

Property Details

Property Type

Other

Est. Annual Taxes

$10,348

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Camelback & 7th St.
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Current Use: Retail, Service Business, Medical/Dental, Office
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2018
  • Lot Size Acres: 0.19
  • Road Surface Type: Asphalt
  • Subdivision Name: CUESTA VISTA LOT 8-25, 45-52
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: None
  • Construction Type: Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • 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:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: Individual Meter, APS
  • Cooling: Heat Pump, Central A/C
  • Heating: 2 or More Units, Electric
  • Green Building Features: Conference Room, Reception Room
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:_two_ or More Units3: Yes

Association/Amenities

  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes

Lot Info

  • Lot Size Sq Ft: 8321.0
  • Additional Parcels: No
  • Parcel #: 162-21-035
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 10348.0

Tax Info

  • Tax Annual Amount: 10348.0
  • Tax Book Number: 162.00
  • Tax Lot: 39
  • Tax Map Number: 21.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2019
Closed on
May 21, 2019
Sold by
Kinney William B
Bought by
Oregon Avenue Offices Llc
Seller's Agent
Chris Durham
RE/MAX Excalibur
Buyer's Agent
Chris Durham
RE/MAX Excalibur
List Price
$875,000
Sold Price
$759,000
Premium/Discount to List
-$116,000
-13.26%
Current Estimated Value
$1,213,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$454,155
Avg. Annual Appreciation
7.42%

Purchase Details

Closed on
Dec 30, 2010
Sold by
Rjp Properties Llc
Bought by
Kinney William B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
4.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 2010
Sold by
Chen Lily L
Bought by
Kinney William B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
4.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2008
Sold by
Conti Robert C and Conti Nikal M
Bought by
Rjp Properties Llc

Purchase Details

Closed on
Dec 18, 2002
Sold by
Mata David N
Bought by
Conti Robert C and Conti Nikal M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 1999
Sold by
Mata Nancy
Bought by
Mata David N
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
Oregon Avenue Offices Llc $759,000 Grand Canyon Title Agency
Kinney William B $480,000 Chicago Title Insurance Comp
Kinney William B -- Chicago Title Insurance Comp
Rjp Properties Llc -- None Available
Conti Robert C $420,000 Capital Title Agency Inc
Mata David N -- --
Mata David N $427,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kinney William B $432,000
Previous Owner Kinney William B $432,000
Previous Owner Conti Robert C $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2019 05/24/19 Sold $759,000 -13.3% $162 / Sq Ft
03/04/2019 03/04/19 For Sale $875,000 -- $187 / 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 $10,914 $82,804 -- --
2024 $10,762 $81,325 -- --
2023 $10,762 $128,775 $33,847 $94,928
2022 $10,706 $115,028 $38,623 $76,405
2021 $11,019 $101,286 $39,726 $61,560
2020 $10,847 $94,410 $41,310 $53,100
2019 $10,608 $85,608 $36,558 $49,050
2018 $10,348 $81,504 $29,196 $52,308
2017 $9,861 $71,676 $28,332 $43,344
2016 $9,521 $60,048 $23,292 $36,756
2015 $9,485 $64,991 $18,722 $46,269
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5891067

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-21-035