NOT LISTED FOR SALE

Estimated Value: $953,000 - $962,000

0.97 Acre
$988,316 Price per Acre
42,253 Sq Ft Lot

Last Sold November 08, 2024

Last sale price $949,000

Est. 1% increase in value since last sale

Current estimated payment $5,276/month

153 Days on Market

Highlights

  • 0.97 Acre Lot
  • Level Lot
  • East or West Exposure
  • No HOA

About This Lot

As of November 2024

Located just south off of the busy corner at 27th Ave & Glendale Ave in Phoenix! Over 42,000 square foot vacant lot is ready for it's new owner. This lot is zoned R-5 for Multiple Family. Located close to the Black Canyon Hwy, Grand Canyon University & local retail chains. The possibilities are endless!

Last Agent to Sell the Property

Francine Dinh

Real Broker License #BR677858000 Listed on: 06/01/2024

Real Broker

Last Buyer's Agent

Francine Dinh

Real Broker License #BR677858000 Listed on: 06/01/2024

Real Broker

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,917

Lot Details

  • 0.97 Acre Lot
  • East or West Exposure
  • Block Wall Fence
  • Chain Link Fence
  • Level Lot
  • Property is zoned R5

Schools

  • Washington Elementary School
  • Washington High Middle School
  • Washington High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 156-01-048

Property Details

Property Type

Land

Est. Annual Taxes

$2,917

Lot Details

0

Listing Details

  • Cross Street: 27th Avenue/ Glendale Avenue
  • Legal Info Range: 2E
  • Property Type: Land
  • Development Status: Raw Land
  • Topography: Level
  • Zoning: R5
  • Tax Year: 2022
  • Horses: No
  • Lot Size Acres: 0.97
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: None
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Other, See Remarks, Multi-Family, Commercial, Office

Exterior Features

  • Fencing: Block, Chain Link
  • Lot Features: Other, See Remarks, East/West Exposure
  • Disclosures: Seller Prop Disc Stm
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Washington Elementary School
  • High School: Washington High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Washington High School

Lot Info

  • Lot Size: 100X420
  • Lot Size Sq Ft: 42080.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 156-01-048
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2917.0
  • Tax Book Number: 156.00
  • Tax Lot: -
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2024
Closed on
Nov 5, 2024
Sold by
Nguyen Thu T
Bought by
Richman Glendale Senior Llc
Seller's Agent
Francine Dinh
Real Broker
Buyer's Agent
Francine Dinh
Real Broker
List Price
$649,000
Sold Price
$949,000
Premium/Discount to List
$300,000
46.22%
Views
73
Current Estimated Value
$954,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,333
Avg. Annual Appreciation
0.92%
Original Mortgage
$5,000,000
Outstanding Balance
$4,949,849
Interest Rate
6.08%
Estimated Equity
-$3,991,182

Purchase Details

Listed on
Jun 1, 2024
Closed on
Sep 24, 2024
Sold by
Nguyen Thu T
Bought by
City Of Phoenix
Seller's Agent
Francine Dinh
Real Broker
Buyer's Agent
Francine Dinh
Real Broker
List Price
$649,000
Sold Price
$949,000
Premium/Discount to List
$300,000
46.22%
Views
73

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,949,849
Interest Rate
6.08%
Estimated Equity
-$3,991,182

Purchase Details

Closed on
Mar 19, 2024
Sold by
Ly Vinh Trung
Bought by
Nguyen Thu T

Purchase Details

Closed on
Jul 21, 2020
Sold by
Ly Thien Trung
Bought by
Nguyen Thu T

Purchase Details

Closed on
Jun 30, 2018
Sold by
Pham Trang Minh and Dinh Hoa Thi
Bought by
Ly Thien Trung

Purchase Details

Closed on
Aug 29, 2017
Sold by
Dinh Tu Cuong
Bought by
Dinh Cristal

Purchase Details

Closed on
Jun 18, 2007
Sold by
Pham Trang M and Dinh Hoa T
Bought by
Pham Trang Minh and Dinh Hoa Thi

Purchase Details

Closed on
May 6, 2005
Sold by
Mirbod Mark and Mirbod Nooshin
Bought by
Tran Josephine and Pham Trang M

Purchase Details

Closed on
Jan 23, 2003
Sold by
Mirbod Marc
Bought by
Akm Enterprises Inc

Purchase Details

Closed on
Dec 18, 2002
Sold by
Argyle Holdings Inc
Bought by
Mirbod Marc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Richman Glendale Senior Llc $949,000 Commonwealth Land Title
City Of Phoenix -- None Listed On Document
Nguyen Thu T -- Commonwealth Land Title
Nguyen Thu T -- None Available
Ly Thien Trung -- None Available
Dinh Cristal -- None Available
Pham Trang Minh -- None Available
Tran Josephine $220,000 First American Title Ins Co
Mirbod Marc -- First American Title Ins Co
Akm Enterprises Inc -- --
Mirbod Marc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richman Glendale Senior Llc $5,000,000
Open Richman Glendale Senior Llc $10,940,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2024 11/08/24 Sold $949,000 +46.2% --
06/01/2024 06/01/24 Price Changed $649,000 0.0% --
11/29/2023 11/29/23 Pending -- -- --
11/28/2023 11/28/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $649,000 0.0% --
06/28/2023 06/28/23 Off Market $649,000 -- --
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 $3,071 $349,232 $349,232 --
2024 $3,015 $23,913 $23,913 --
2023 $3,015 $26,970 $26,970 $0
2022 $2,917 $21,690 $21,690 $0
2021 $3,913 $30,450 $30,450 $0
2020 $3,815 $29,505 $29,505 $0
2019 $3,745 $29,775 $29,775 $0
2018 $3,647 $31,695 $31,695 $0
2017 $3,629 $35,550 $35,550 $0
2016 $3,563 $25,950 $25,950 $0
2015 $3,519 $21,776 $21,776 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6573882

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-01-048