NOT LISTED FOR SALE

6724 S Kings Ranch Rd Gold Canyon, AZ 85118

Estimated Value: $2,371,091

-- Bed
-- Bath
6,220 Sq Ft
$381/Sq Ft Est. Value

Last Sold January 30, 2017

Last sale price $1,492,500 $240 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $14,033/month

65 Days on Market

Highlights

  • Community Kitchen
  • Ceramic Tile Flooring
  • Central Air

About This Home

As of January 2017

Great investment! 7% Cap Rate with 5+ years left on NNN lease. Freestanding building consisting of a 4 unit office condo built out into 2 units. The tenant occupies the entire 6,220sq.ft. Unit 101 is 3,110sq.ft. and totally built out with two large open areas, 1 office and 2 restrooms. Unit 102 is 3,110sq.ft. and is also totally built out with 4 offices, conference room, reception area, bullpen, kitchen, storage area and 2 restrooms. 6 covered assigned parking spaces and 150 association parking spaces. Located in much sought after Gold Canyon with frontage and signage on US 60 and Kings Ranch Rd.

Last Agent to Sell the Property

Don 'DLJ' Jackson

Keller Williams Integrity First License #BR525414000 Listed on: 08/29/2016

Keller Williams Integrity First

Last Buyer's Agent

Jeremy Solem

Versatile Properties License #SA585119000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,142

Year Built

  • Built in 2007

Lot Details

  • 6,220 Sq Ft Lot
  • Property is zoned TR/CB

Home Design

  • 6,220 Sq Ft Home
  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 150 Open Parking Spaces
  • 156 Parking Spaces
  • 6 Covered Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 104-12-068

Community Details

Overview

  • Gold Canyon Office Suites Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Building Details

  • Operating Expense $1,142
  • Gross Income $111,965

Property Details

Property Type

Other

Est. Annual Taxes

$1,142

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Cross Street: US 60 & Kings Ranch Road
  • Legal Info Range: 09E000G0073
  • Property Type: Comm/Industry Sale
  • Zoning: TR/CB
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2007
  • Tax Year: 2015
  • Lot Size Acres: 0.14
  • Road Surface Type: Asphalt
  • Subdivision Name: Gold Canyon Office Suites
  • Structure Type: Office
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Living Area: 6220.0

Exterior Features

  • Fencing: None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Paved Parking, Private Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 150.0
  • Total Parking Spaces: 156.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 150.0
  • General Property Description:Total Parking Spcs: 156.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Heat Pump
  • Green Building Features: Conference Room, Reception Room, Kitchen
  • Water Source: Other, See Remarks
  • Heating:Heat Pump2: Yes

Association/Amenities

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

Lot Info

  • Lot Size Sq Ft: 6220.0
  • Parcel #: 104-12-068
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 111965.0
  • Annual Operating Expense: 1142.0

Tax Info

  • Tax Annual Amount: 1142.0
  • Tax Book Number: 104.00
  • Tax Lot: 0
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2016
Closed on
Jan 25, 2017
Sold by
Gsc Properties Llc
Bought by
Bouma Neal
Seller's Agent
Don 'DLJ' Jackson
Keller Williams Integrity First
Buyer's Agent
Jeremy Solem
Versatile Properties
List Price
$1,599,500
Sold Price
$1,492,500
Premium/Discount to List
-$107,000
-6.69%
Current Estimated Value
$2,371,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$878,591
Avg. Annual Appreciation
5.44%

Purchase Details

Closed on
Feb 8, 2013
Sold by
Cmj Properties Llc
Bought by
Gsc Properties Llc

Purchase Details

Closed on
Dec 27, 2011
Sold by
Christofaro Glen S
Bought by
Cmj Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
3.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 7, 2007
Sold by
Sigmark I Inc
Bought by
Christofaro Glen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,351,000
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 2, 2007
Sold by
Gold Canyon Office Investors Llc
Bought by
Sigmark I Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,351,000
Interest Rate
6.4%
Mortgage Type
Commercial
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
Bouma Neal -- Stewart Title Arizona
Gsc Properties Llc $925,000 None Available
Cmj Properties Llc $870,000 None Available
Christofaro Glen S $1,930,000 Transnation Title Ins Co
Sigmark I Inc $1,399,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cmj Properties Llc $870,000
Previous Owner Christofaro Glen S $1,351,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2017 01/30/17 Sold $1,492,500 -6.7% $240 / Sq Ft
11/02/2016 11/02/16 Pending -- -- --
08/29/2016 08/29/16 For Sale $1,599,500 -- $257 / 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 $19,463 -- -- --
2024 $19,638 -- -- --
2023 $19,741 $152,498 $14,555 $137,943
2022 $19,638 $121,990 $12,129 $109,861
2021 $22,041 $0 $0 $0
2020 $1,193 $0 $0 $0
2019 $1,144 $0 $0 $0
2018 $1,121 $0 $0 $0
2017 $1,166 $0 $0 $0
2016 $1,192 $73,893 $6,998 $66,896
2014 $1,140 $67,888 $7,000 $60,888
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Don 'DLJ' Jackson

    Keller Williams Integrity First

    Section Image
  • Jeremy Solem

    Buyer's Agent in 2017

    Jeremy Solem

    Versatile Properties

    (602) 327-7538

    53 Total Sales

    Jeremy Solem
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5490171

Arizona Regional Multiple Listing Service (ARMLS)

APN: 104-12-068

Arizona Pinal County Gold Canyon 85118

6724 S Kings Ranch Rd, Gold Canyon, AZ

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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