NOT LISTED FOR SALE
Studio
-- Bath
5,761 Sq Ft
0.83 Acres

Last Sold March 31, 2022

Last sale price $12 $0 Per Sq Ft

171 Days on Market

Highlights

  • 0.83 Acre Lot
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of March 2022

Highly visible retail/office suites in Red Mountain Plaza II. Suite 103 is available for lease. Office buildout: Reception, one office, two open work areas, one kitchen, and one restroom. Building, door, and window signage is also available.

Last Agent to Sell the Property

TJ Zaharis

COBE Real Estate, Inc. License #BR577140000 Listed on: 10/11/2021

Last Buyer's Agent

TJ Zaharis

COBE Real Estate, Inc. License #BR577140000 Listed on: 10/11/2021

Property Details

Property Type

  • Other

Year Built

  • Built in 2007

Lot Details

  • 0.83 Acre Lot
  • Additional Parcels
  • Property is zoned C-2

Utilities

  • Central Air
  • Heating Available

Community Details

  • Brookfield East 3 Lot 148 259 261 268 Tr A Subdivision

Listing and Financial Details

  • Property Available on 10/11/21
  • Assessor Parcel Number 141-86-699-E

Property Details

Property Type

Other

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Cross Street: Power Rd & Brown Rd
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Lease
  • Zoning: C-2
  • Lease Info Annual Lease Price: 13740.0
  • Lease Info Annual Lse Prc P S F: 12.0
  • Lease Info Base Rent Escalation: No
  • Lease Info Lease Year Min Max: 1
  • Lease Info Space Divisible: No
  • Year Built: 2007
  • Tax Year: 2021
  • Lot Size Acres: 0.83
  • Subdivision Name: BROOKFIELD EAST 3 LOT 148-259 261-268 TR A
  • Structure Type: Commercial, Other (See Remarks)
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: Other
  • Disclosures: Other (See Remarks)
  • Construction Type: Other, See Remarks
  • Roof: Other, See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking:Free: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central A/C
  • Heating: Electric
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Other (See Remarks)32: Yes

Lot Info

  • Lot Size Sq Ft: 36005.0
  • Additional Parcels: Yes
  • Parcel #: 141-86-699-E
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2021-10-11

Multi Family

  • Leasable Area: 1145.0

Tax Info

  • Tax Annual Amount: 14119.0
  • Tax Book Number: 141.00
  • Tax Map Number: 86.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2012
Sold by
Laroussi Redouane
Bought by
Nao Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2012
Sold by
Unison Bank
Bought by
Laroussi Redonade

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2011
Sold by
Swc Brown & Power Ii Llc
Bought by
Unison Bank

Purchase Details

Closed on
Sep 2, 2005
Sold by
Baker Development Llc
Bought by
Swc Brown & Power 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
$1,087,500
Interest Rate
5.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2005
Sold by
Edgar Holdings I Llc
Bought by
Baker Development Llc

Purchase Details

Closed on
Dec 2, 2002
Sold by
Edgar Holdings I Llc
Bought by
City Of Mesa

Purchase Details

Closed on
Oct 15, 1999
Sold by
Edgar Holdings I Llc
Bought by
Cavalier Heatherwood Village Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,158,000
Interest Rate
7.82%
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
Nao Investments Llc -- Grand Canyon Title Agency In
Laroussi Redonade $455,000 Grand Canyon Title Agency In
Unison Bank -- None Available
Swc Brown & Power Ii Llc $464,151 --
Baker Development Llc $300,000 Fidelity National Title
City Of Mesa -- --
Cavalier Heatherwood Village Llc $1,274,880 Century Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Laroussi Redonade $227,500
Previous Owner Swc Brown & Power Ii Llc $1,087,500
Previous Owner Cavalier Heatherwood Village Llc $2,158,000
Closed Cavalier Heatherwood Village Llc $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2022 03/31/22 Sold $12 -99.0% $0 / Sq Ft
10/11/2021 10/11/21 For Sale $1,145 -- $0 / 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 $12,622 $127,934 -- --
2024 $13,452 $125,649 -- --
2023 $13,452 $195,075 $66,045 $129,030
2022 $13,561 $190,016 $71,873 $118,143
2021 $14,119 $193,878 $73,926 $119,952
2020 $13,935 $195,066 $75,024 $120,042
2019 $13,019 $182,502 $67,410 $115,092
2018 $12,496 $170,460 $57,366 $113,094
2017 $12,123 $157,914 $53,118 $104,796
2016 $11,898 $142,290 $47,430 $94,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6305815

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-86-699E